Cumrocket is a website that explains how to purchase crypto currency. I believe this will become the place where people learn how to trade crypto currencies.
Crypto currency is a way of “trading money” as opposed to “buying money.”
It is sort of like the dollar, but more volatile and less stable.
I’m not sure it will be successful, but if anyone finds it useful I am willing to take my share, which is ten percent of the profits.
If you want to buy crypto currency, first you need to learn what it is. Crypto currency is the modern equivalent of gold. It has not yet been invented; no one has yet found a way to give it value.
There are many different kinds of crypto currencies, or “currencies” as they are called in this context: Bitcoin, Litecoin, Ripple, Ethereum, etc. The most confusing thing about them is that they have names that sound like they’re made up by people who don’t understand them (to take one example: Bitcoin sounds like a type of video game), sometimes sound goofy (“Futarchy” sounds like something someone might make up for an April Fool’s joke). They also make up words that seem to come from other languages (“Tether” comes from tethering and teething). But if you read the whitepaper describing the algorithm behind these currencies, discovered how to mine them, understood how they work at a technical level and what their advantages are relative to other currencies . . . then you’ll be ready for your crypto currency adventure!
Crypto currency is a new way of controlling money. It’s not an electronic form of cash, because it’s not tied to anything physical, but it’s not cash either; it’s its own thing. Every crypto currency is a little universe in which you can do whatever the rules allow. You can buy stuff with it, you can earn interest on it, and you can save it for your retirement.
If you think of crypto currency as an alternative to stocks, then “buying” a crypto currency might be like buying a house: you’re buying something that already exists. If you’re thinking about buying stock in a company, then “buying” a crypto currency might be like investing in a startup: you’re getting into something that might be worth more in the future than it is now – or less, if things go wrong.
Once you start thinking about crypto currencies as houses and startups, though, the possibilities start opening up. You don’t have to buy them from the people who made them; if the value goes down, they become cheap enough to rent out or sell off to someone else. You don’t need to store them in physical form; they exist on computers all over the world so they are accessible at any time. And once you
Most people are unwilling or unable to understand even the simplest economic concepts. Most people can’t even make a good business decision. But they are convinced they know everything about crypto currency. They think they’ve got it down perfectly: “I’ve read some books.” Yes, they have, but what they’ve read is wrong.
People who buy crypto currency believe that there is something mysterious and complex about it that makes it unsuitable for ordinary people to use. That’s because they haven’t bothered to read or understand anything useful about it.
I have written several crypto currency articles, but I never thought of making one myself. The crypto currency market is growing so fast and offers so many opportunities for me that I am curious how I can keep up with it. And then there is the fact that I really enjoy writing, so if this project helps me fulfill my desire to write more, then it will be a success.
The most important thing to keep in mind when you buy crypto currencies is to make sure that you understand what you are buying and why. Don’t just take my word for it: see if you can find a detailed explanation of what these cryptocurrencies are and why they are worth money.
I believe that crypto currencies are going to play an important role in the future. Whether or not this will be the case remains to be seen, but even if it doesn’t work out, at least we have something new here to play with!
You don’t need to be an expert on crypto currency to understand how it works. The basic idea is simple: you use your computer to create a file that records a list of transactions. Each time you make a purchase, the file gets updated with some new information. When you want to spend your money, you transfer those updated records to another computer, which validates them against the list of transactions on the original computer. If everything checks out, the money gets transferred.
You can think of each transaction as a line in a codebook. The book’s code defines all possible financial transactions; for every line in the book there is exactly one way to write it down and exactly one way to read it out. If you try to add two lines that are not allowed by the code, you will get an error message. Such errors are called bugs .
The financial crisis of 2008 was a turning point. It demonstrated that the biggest banks and investment houses weren’t just allowed, they were encouraged to make risky investments. The reason they were encouraged is that risky investments are what create wealth.
They spread the risk around so that everyone who got in on the deal would make money. Those who didn’t get in would lose out. And because there wasn’t enough wealth, these risky investments became common knowledge, and all of us started making them ourselves.
What happened next is that the people who made these investments started going broke, but not in a way anyone had foreseen, since it was a mistake to think all these things could go wrong at once. Instead of going broke in sequence, each of these institutions went bankrupt in rapid succession like popcorn popping in a microwave oven.
We now know that it is possible for one institution to become very big and then get very small at the same time. I call this “going nuclear”. It’s basically an accounting surplus; you take on more debt than your assets can support, but when you go bust you don’t matter enough to be worth denying your creditors what they’re owed.