Everyone with Internet access has heard about the "fantasy" world of digital currencies at least once. Usually, people become real investors there and multiply their initial capital many times over.
But some jumped there indiscriminately: they did not know what to buy, where to store and how to use it. Such "investors" quickly lose all their savings and start shouting that crypto is a fraud and, in general, an attempt all over the world of secret clans to fool money from honest people. Therefore, you need to learn the basic principles of working with crypto, before you start using it.
Cryptocurrency is a digital currency built on Blockchain. Cryptocurrency is also called "crypto", "digital coins", "virtual money" and a general set of word combinations. The first and main cryptocurrency is Bitcoin, launched in 2009 by Satoshi Nakamoto. Who is this? The world doesn't know the real name of this person (or group of people).
Blockchain is a digital ledger that is found on the computers of all users at the same time.Blockchain cannot be cheated or faked. Even if you imitate a computer with a fake record online, other computers immediately compare it with their own and the alienated one.
How to spend cryptocurrency?
Most people believe that it is really hard to purchase real goods or services with BTC. But this is no longer a problem. Cryptocurrency is accepted by Microsoft, PayPal, Subway, Shopify, Virgin Galactic, and hundreds of other popular companies. Even if the company you need does not accept cryptocurrency, it can be exchanged for fiat currency, such as dollars. This can be done using one of the popular crypto exchanges.
What to do with cryptocurrency and how to get it?
You can buy, or mine cryptocurrency and hold it as a long-term investment. Just buy a coin and close the computer for a long time. You don't have to do anything. The main thing is not to miss the very moment when you need to take a profit (sell it).
Cryptocurrency is more than actual money. It is also about technology, innovation, and business. Blockchain provides us with incredible technology, the full potential of which we have yet to realize. It enables us to create a whole new society in which freedom, privacy, and the preservation of people's rights are essential components of daily life. Investing in cryptocurrency might be a wise move in that direction.
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Dan Burgin
Alex Dovbnya
Vladislav Sopov