What is cryptocurrency?
There’s a good chance that you’ve heard this word thrown around more and more recently. You may have even seen a few ads about it in your Facebook or Instagram feed.
Maybe you’ve even heard some people calling it “the future of money” or the next evolution of currency.
And yes, there are many people making a lot of money from investing in cryptocurrency.
So what is it? And how can you get involved?
Here are some resources to get you started:
A blog around various cryptocurrency exchanges
Investing in cryptocurrency is the new thing to do. The three most popular choices are Bitcoin, Ethereum, and Litecoin. However, there are hundreds of cryptocurrencies on the market and one should not just jump into investing in any of them without really knowing what they are.
As a beginner, it is highly recommended that you use Coinbase as your cryptocurrency exchange of choice. Coinbase offers a secure platform to buy and sell digital currency with ease. You can buy cryptocurrencies such as Bitcoin, Ethereum and Litecoin with credit card or bank account with no additional fees.
There are many other exchanges out there offering various features but for beginners, Coinbase is the way to go. Once you feel comfortable with the process of buying and selling cryptocurrencies (which should be after a few weeks or months), then you can try other exchanges such as GDAX or Binance.
Cryptocurrency exchanges are platforms/websites where you can buy/sell or exchange your cryptocurrency or fiat (money) with other cryptocurrencies. When joining an exchange, you should check out for the fees, reputation in the industry and the platform performance. Here is a list of the top 10 exchanges based on user reviews.
5. BTC Markets
The Bitcoin.com Podcast
The Bitcoin.com podcast will be a weekly show covering the latest news about bitcoin and other cryptocurrencies, bitcoin wallets, bitcoin mining, and price analysis. The show will also feature technical interviews with the top thinkers and entrepreneurs in the cryptocurrency space.
This new platform will serve as an excellent resource for both beginners and experts alike to learn more about bitcoin, bitcoin cash, and the blockchain technology that powers them both.
Investing in cryptocurrency has long been thought of as a scammy and risky move. A lot of people have lost money to cryptocurrency investment scams and outright fraud.
Nonetheless, research shows that the best time to invest in Bitcoin was 4 years ago. The second best time is now. Maybe you’re here because you’ve no idea what to do with your money in general. Maybe you’re here because you enjoy reading about startup culture and the tech industry, but have no desire to be a part of it. Or maybe you’re just tired of your money losing value every year thanks to inflation.
Whatever your reason for being here, I have some good news for you: you don’t have to be an expert in cryptocurrency or technology to get started investing. In fact, it’s much easier than you think. All you need is a few minutes of your day and a smartphone or computer with internet access; this article will walk you through what happens next!
Cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first cryptocurrency to be created was Bitcoin back in 2009. Today there are hundreds of other cryptocurrencies, often referred to as Altcoins.
Put another way, cryptocurrency is electricity converted into lines of code with monetary value. In the simplest of forms, cryptocurrency is digital currency.
Unlike centralized banking, like the Federal Reserve System, where governments control the value of a currency like USD through the process of printing fiat money, government has no control over cryptocurrencies as they are fully decentralized.
Most cryptocurrencies are designed to gradually decrease production of that currency, placing a cap on the total amount of that currency that will ever be in circulation. Compared with ordinary currencies held by financial institutions or kept as cash on hand, cryptocurrencies can be more difficult for seizure by law enforcement. This difficulty is derived from leveraging cryptographic technologies.
It’s always great to be on the ground floor of something huge. Many people felt that way when they got into crypto in its infancy.
Since then, we’ve seen a lot of volatility and shakeouts, but the crypto market has taken off in a major way in 2017. The total value of all cryptos is now estimated at more than $200 billion, and new tokens are coming to market every day.
The technology behind these tokens has been around for a while, but it’s recently become clear that it can be used for much more than currency. In this guide, we’ll introduce you to some of the most promising uses for blockchain technology that extend far beyond digital currencies like Bitcoin.
If you’re already a crypto investor or are just getting started, you won’t want to miss this important information about the future of blockchain technology and how you can invest in it today!