Basics of Cryptocurrency for those who are new to this world
Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.
Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.
Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.
Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.
Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.
Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.
📊 Market Overview:
BTC : $59516
ETH : $2578.48
BNB : $552.05
SOL : $141.44
⚡ Dominance :
BTC : 53.56 %
ETH : 14.13 %
Stables : 6.94 %
📈 Market Cap :
Total : 2.19T
DeFi : 67.52B
24hr Vol : 73.74B
BTC : $59516
ETH : $2578.48
BNB : $552.05
SOL : $141.44
⚡ Dominance :
BTC : 53.56 %
ETH : 14.13 %
Stables : 6.94 %
📈 Market Cap :
Total : 2.19T
DeFi : 67.52B
24hr Vol : 73.74B
Here's a quick guide on Doji candlestick patterns in trading:
1. Abandoned Body Top - Bears take charge after an uptrend.
2. Long Legged Doji - Market is indecisive; could go either way.
3. Shooting Star - A potential bearish reversal after an uptrend.
4. Hanging Man - Possible bearish sign when it appears after an uptrend.
5. Morning Doji Star - Bullish reversal after a downtrend.
6. Evening Doji Star - A bearish reversal pattern.
7. Hammer - A bullish signal after a downtrend.
Stay informed and trade wisely!
1. Abandoned Body Top - Bears take charge after an uptrend.
2. Long Legged Doji - Market is indecisive; could go either way.
3. Shooting Star - A potential bearish reversal after an uptrend.
4. Hanging Man - Possible bearish sign when it appears after an uptrend.
5. Morning Doji Star - Bullish reversal after a downtrend.
6. Evening Doji Star - A bearish reversal pattern.
7. Hammer - A bullish signal after a downtrend.
Stay informed and trade wisely!
📊 Market Overview:
BTC : $60874
ETH : $2626.07
BNB : $580.12
SOL : $143.28
⚡ Dominance :
BTC : 53.57 %
ETH : 14.08 %
Stables : 6.79 %
📈 Market Cap :
Total : 2.25T
DeFi : 69.81B
24hr Vol : 89.46B
BTC : $60874
ETH : $2626.07
BNB : $580.12
SOL : $143.28
⚡ Dominance :
BTC : 53.57 %
ETH : 14.08 %
Stables : 6.79 %
📈 Market Cap :
Total : 2.25T
DeFi : 69.81B
24hr Vol : 89.46B
📊 Market Overview:
BTC : $61136
ETH : $2667.2
BNB : $580.29
SOL : $144.49
⚡ Dominance :
BTC : 53.30 %
ETH : 14.16 %
Stables : 6.72 %
📈 Market Cap :
Total : 2.26T
DeFi : 71.2B
24hr Vol : 69.53B
BTC : $61136
ETH : $2667.2
BNB : $580.29
SOL : $144.49
⚡ Dominance :
BTC : 53.30 %
ETH : 14.16 %
Stables : 6.72 %
📈 Market Cap :
Total : 2.26T
DeFi : 71.2B
24hr Vol : 69.53B
How does crypto works
https://news.1rj.ru/str/Bitcoin_Crypto_Web
Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here is a simplified explanation of how cryptocurrency works:
1. Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.
2. Blockchain: Transactions are recorded in blocks, which are linked together in a chain. Each block contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This creates a secure and transparent record of all transactions.
3. Decentralization: Unlike traditional centralized systems, cryptocurrencies operate on a decentralized network of computers called nodes. These nodes work together to validate transactions and maintain the integrity of the blockchain.
4. Consensus Mechanism: To prevent fraud and ensure the accuracy of transactions, cryptocurrencies use consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS). These mechanisms require participants to solve complex mathematical problems or stake their cryptocurrency to validate transactions.
5. Wallets: Cryptocurrency wallets are digital tools that allow users to store, send, and receive cryptocurrencies. Each wallet has a unique public address and private key for secure access.
6. Mining: In some cryptocurrencies, like Bitcoin, miners use powerful computers to solve complex mathematical problems and validate transactions. Miners are rewarded with newly minted coins for their efforts.
7. Transactions: When a user initiates a transaction, it is broadcasted to the network and added to a block. The transaction is then verified by nodes in the network before being permanently recorded on the blockchain.
8. Security: Cryptocurrencies are secured by cryptographic algorithms and private keys, making them resistant to hacking and fraud. However, users must also take precautions to protect their private keys and wallets from theft.
https://news.1rj.ru/str/Bitcoin_Crypto_Web
Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here is a simplified explanation of how cryptocurrency works:
1. Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.
2. Blockchain: Transactions are recorded in blocks, which are linked together in a chain. Each block contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This creates a secure and transparent record of all transactions.
3. Decentralization: Unlike traditional centralized systems, cryptocurrencies operate on a decentralized network of computers called nodes. These nodes work together to validate transactions and maintain the integrity of the blockchain.
4. Consensus Mechanism: To prevent fraud and ensure the accuracy of transactions, cryptocurrencies use consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS). These mechanisms require participants to solve complex mathematical problems or stake their cryptocurrency to validate transactions.
5. Wallets: Cryptocurrency wallets are digital tools that allow users to store, send, and receive cryptocurrencies. Each wallet has a unique public address and private key for secure access.
6. Mining: In some cryptocurrencies, like Bitcoin, miners use powerful computers to solve complex mathematical problems and validate transactions. Miners are rewarded with newly minted coins for their efforts.
7. Transactions: When a user initiates a transaction, it is broadcasted to the network and added to a block. The transaction is then verified by nodes in the network before being permanently recorded on the blockchain.
8. Security: Cryptocurrencies are secured by cryptographic algorithms and private keys, making them resistant to hacking and fraud. However, users must also take precautions to protect their private keys and wallets from theft.
📊 Market Overview:
BTC : $64106
ETH : $2757.51
BNB : $580.39
SOL : $157.33
⚡ Dominance :
BTC : 53.60 %
ETH : 14.04 %
Stables : 6.46 %
📈 Market Cap :
Total : 2.36T
DeFi : 73.97B
24hr Vol : 108.96B
BTC : $64106
ETH : $2757.51
BNB : $580.39
SOL : $157.33
⚡ Dominance :
BTC : 53.60 %
ETH : 14.04 %
Stables : 6.46 %
📈 Market Cap :
Total : 2.36T
DeFi : 73.97B
24hr Vol : 108.96B
📊 Market Overview:
BTC : $63955
ETH : $2753.96
BNB : $574.94
SOL : $157.79
⚡ Dominance :
BTC : 53.77 %
ETH : 14.10 %
Stables : 6.50 %
📈 Market Cap :
Total : 2.35T
DeFi : 73.39B
24hr Vol : 70.65B
BTC : $63955
ETH : $2753.96
BNB : $574.94
SOL : $157.79
⚡ Dominance :
BTC : 53.77 %
ETH : 14.10 %
Stables : 6.50 %
📈 Market Cap :
Total : 2.35T
DeFi : 73.39B
24hr Vol : 70.65B
BITCOIN 1-YEAR OVERVIEW
All the charts of financial assets, especially high time-frames, can be perfectly described by Fibonacci Retracement. This helps when we are trying to make long-term forecasts.
The whole 2022 was sacrificed to a 1-3 Elliott Waves correction from $50,000 to $16,000 (0 point by Fibo). The whole 2023 was just an accumulation phase.
📈 2024 is about a growth, but how high can Bitcoin go? It has already completed 1 and 2 waves of 1-5 Elliott Waves trend movement, the next one should send us to $90,000 which perfectly correlates with 0.786 level by Fibo.
At this point some consolidation usually takes place. It can also be seen on the chart.
All the charts of financial assets, especially high time-frames, can be perfectly described by Fibonacci Retracement. This helps when we are trying to make long-term forecasts.
The whole 2022 was sacrificed to a 1-3 Elliott Waves correction from $50,000 to $16,000 (0 point by Fibo). The whole 2023 was just an accumulation phase.
📈 2024 is about a growth, but how high can Bitcoin go? It has already completed 1 and 2 waves of 1-5 Elliott Waves trend movement, the next one should send us to $90,000 which perfectly correlates with 0.786 level by Fibo.
At this point some consolidation usually takes place. It can also be seen on the chart.
📊 Market Overview:
BTC : $63669
ETH : $2728.99
BNB : $560.18
SOL : $159.66
⚡ Dominance :
BTC : 53.87 %
ETH : 14.07 %
Stables : 6.54 %
📈 Market Cap :
Total : 2.33T
DeFi : 72.47B
24hr Vol : 65.41B
BTC : $63669
ETH : $2728.99
BNB : $560.18
SOL : $159.66
⚡ Dominance :
BTC : 53.87 %
ETH : 14.07 %
Stables : 6.54 %
📈 Market Cap :
Total : 2.33T
DeFi : 72.47B
24hr Vol : 65.41B
📊 Market Overview:
BTC : $60011
ETH : $2529.88
BNB : $543.91
SOL : $147.85
⚡ Dominance :
BTC : 53.70 %
ETH : 13.78 %
Stables : 6.91 %
📈 Market Cap :
Total : 2.2T
DeFi : 67.87B
24hr Vol : 116.75B
BTC : $60011
ETH : $2529.88
BNB : $543.91
SOL : $147.85
⚡ Dominance :
BTC : 53.70 %
ETH : 13.78 %
Stables : 6.91 %
📈 Market Cap :
Total : 2.2T
DeFi : 67.87B
24hr Vol : 116.75B
🇫🇷 BREAKING! Telegram CEO Pavel Durov banned from leaving France and must post €5 million bail.
🔥 JUST IN : Telegram holds $400M worth of cryptocurrencies on its balance sheet: Financial Times
How does crypto works
https://news.1rj.ru/str/Bitcoin_Crypto_Web
Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here is a simplified explanation of how cryptocurrency works:
1. Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.
2. Blockchain: Transactions are recorded in blocks, which are linked together in a chain. Each block contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This creates a secure and transparent record of all transactions.
3. Decentralization: Unlike traditional centralized systems, cryptocurrencies operate on a decentralized network of computers called nodes. These nodes work together to validate transactions and maintain the integrity of the blockchain.
4. Consensus Mechanism: To prevent fraud and ensure the accuracy of transactions, cryptocurrencies use consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS). These mechanisms require participants to solve complex mathematical problems or stake their cryptocurrency to validate transactions.
5. Wallets: Cryptocurrency wallets are digital tools that allow users to store, send, and receive cryptocurrencies. Each wallet has a unique public address and private key for secure access.
6. Mining: In some cryptocurrencies, like Bitcoin, miners use powerful computers to solve complex mathematical problems and validate transactions. Miners are rewarded with newly minted coins for their efforts.
7. Transactions: When a user initiates a transaction, it is broadcasted to the network and added to a block. The transaction is then verified by nodes in the network before being permanently recorded on the blockchain.
8. Security: Cryptocurrencies are secured by cryptographic algorithms and private keys, making them resistant to hacking and fraud. However, users must also take precautions to protect their private keys and wallets from theft.
https://news.1rj.ru/str/Bitcoin_Crypto_Web
Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here is a simplified explanation of how cryptocurrency works:
1. Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.
2. Blockchain: Transactions are recorded in blocks, which are linked together in a chain. Each block contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This creates a secure and transparent record of all transactions.
3. Decentralization: Unlike traditional centralized systems, cryptocurrencies operate on a decentralized network of computers called nodes. These nodes work together to validate transactions and maintain the integrity of the blockchain.
4. Consensus Mechanism: To prevent fraud and ensure the accuracy of transactions, cryptocurrencies use consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS). These mechanisms require participants to solve complex mathematical problems or stake their cryptocurrency to validate transactions.
5. Wallets: Cryptocurrency wallets are digital tools that allow users to store, send, and receive cryptocurrencies. Each wallet has a unique public address and private key for secure access.
6. Mining: In some cryptocurrencies, like Bitcoin, miners use powerful computers to solve complex mathematical problems and validate transactions. Miners are rewarded with newly minted coins for their efforts.
7. Transactions: When a user initiates a transaction, it is broadcasted to the network and added to a block. The transaction is then verified by nodes in the network before being permanently recorded on the blockchain.
8. Security: Cryptocurrencies are secured by cryptographic algorithms and private keys, making them resistant to hacking and fraud. However, users must also take precautions to protect their private keys and wallets from theft.
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📊 Market Overview:
BTC : $57978
ETH : $2465.53
BNB : $517.41
SOL : $130.98
⚡ Dominance :
BTC : 53.84 %
ETH : 13.95 %
Stables : 7.19 %
📈 Market Cap :
Total : 2.13T
DeFi : 64.85B
24hr Vol : 46.49B
BTC : $57978
ETH : $2465.53
BNB : $517.41
SOL : $130.98
⚡ Dominance :
BTC : 53.84 %
ETH : 13.95 %
Stables : 7.19 %
📈 Market Cap :
Total : 2.13T
DeFi : 64.85B
24hr Vol : 46.49B
📊 Market Overview:
BTC : $58384
ETH : $2521.57
BNB : $519.12
SOL : $131.88
⚡ Dominance :
BTC : 53.80 %
ETH : 14.17 %
Stables : 7.14 %
📈 Market Cap :
Total : 2.14T
DeFi : 65.69B
24hr Vol : 76.68B
BTC : $58384
ETH : $2521.57
BNB : $519.12
SOL : $131.88
⚡ Dominance :
BTC : 53.80 %
ETH : 14.17 %
Stables : 7.14 %
📈 Market Cap :
Total : 2.14T
DeFi : 65.69B
24hr Vol : 76.68B
Crypto regulations
Although crypto and blockchain technology have the potential to enhance many aspects of our lives, there are some people out there who would like to clamp down on the nascent technology.
Each country has a different attitude toward cryptocurrencies. For example, China has gone as far as imposing an outright ban on cryptocurrencies. It was even reported on social media that some politicians were being threatened with the death penalty for having violated crypto-mining laws.
Meanwhile, in Switzerland, the sentiment is much more welcoming and open to the technology. The country’s government encourages entrepreneurs to create crypto companies and further develop blockchain technology.
So, why is there so much apprehension regarding cryptocurrency?
Cryptocurrencies worry regulators for myriad reasons, the two most prominent of which are:
1. Governments are fearful of cryptocurrencies being used for illicit goods, such as narcotics, weapons, and other contraband, since crypto is the preferred payment method on these dark web platforms.
2. Taxation. Regulators are fully aware that blockchain technology permits people to handle money outside the government’s purview. Therefore, governments are attempting to pass stricter taxation laws to force people to comply—and pay taxes.
The taxation landscape will be in flux for the foreseeable future; however, we still recommend you read your country’s crypto tax laws before investing!
Although crypto and blockchain technology have the potential to enhance many aspects of our lives, there are some people out there who would like to clamp down on the nascent technology.
Each country has a different attitude toward cryptocurrencies. For example, China has gone as far as imposing an outright ban on cryptocurrencies. It was even reported on social media that some politicians were being threatened with the death penalty for having violated crypto-mining laws.
Meanwhile, in Switzerland, the sentiment is much more welcoming and open to the technology. The country’s government encourages entrepreneurs to create crypto companies and further develop blockchain technology.
So, why is there so much apprehension regarding cryptocurrency?
Cryptocurrencies worry regulators for myriad reasons, the two most prominent of which are:
1. Governments are fearful of cryptocurrencies being used for illicit goods, such as narcotics, weapons, and other contraband, since crypto is the preferred payment method on these dark web platforms.
2. Taxation. Regulators are fully aware that blockchain technology permits people to handle money outside the government’s purview. Therefore, governments are attempting to pass stricter taxation laws to force people to comply—and pay taxes.
The taxation landscape will be in flux for the foreseeable future; however, we still recommend you read your country’s crypto tax laws before investing!
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