✅Cryptocurrencies look to offer several benefits over traditional money.
➡️These include:
➡️Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes. This trumps traditional cash, which takes hours to days in some cases.
➡️Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure. This makes the blockchain harder to corrupt or hack.
➡️Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed
➡️These include:
➡️Speed: With cryptocurrencies, sending money – or value – across regions or continents happens in a few minutes. This trumps traditional cash, which takes hours to days in some cases.
➡️Security: Cryptocurrencies run on blockchains, which are distributed and decentralized. Since they are not centralized, there’s no single point of failure. This makes the blockchain harder to corrupt or hack.
➡️Censorship-resistant: Anyone can use cryptocurrencies. They offer users financial freedom. No government or central authority can censor or reverse a transaction once it’s completed
✅Blockchain Technology
🌐A blockchain is similar to a database but better. Databases store a large volume of data electronically on a computer or on servers made up of powerful computers. These servers are often centralized in a location and built for easy storage and retrieval of data.
The blockchain differs from a database in setup. Unlike a database, the blockchain is a decentralized public ledger. The computers powering the network are not all under one roof or operated by one single individual.
➡️In addition, a blockchain collects multiple data together in groups, otherwise known as ‘blocks.’ These blocks have specific storage capacities. Once filled, the blocks are chained and added to the previously filled block to form a chain of data known as a “block-of-chain” or the “blockchain.”
In the case of Bitcoin, the blockchain stores every Bitcoin transaction initiated on the network.
🌐A blockchain is similar to a database but better. Databases store a large volume of data electronically on a computer or on servers made up of powerful computers. These servers are often centralized in a location and built for easy storage and retrieval of data.
The blockchain differs from a database in setup. Unlike a database, the blockchain is a decentralized public ledger. The computers powering the network are not all under one roof or operated by one single individual.
➡️In addition, a blockchain collects multiple data together in groups, otherwise known as ‘blocks.’ These blocks have specific storage capacities. Once filled, the blocks are chained and added to the previously filled block to form a chain of data known as a “block-of-chain” or the “blockchain.”
In the case of Bitcoin, the blockchain stores every Bitcoin transaction initiated on the network.
✅Cryptocurrency Mining
▶️Before transactions are stored on the blockchain, they need to be verified. The blockchain network also has to be maintained. And more importantly, new cryptocurrencies are to be created from time to time. These tasks are carried out by a group of people called “miners.”
▶️Cryptocurrency mining is the process of validating crypto transactions and then adding them to the network in exchange for crypto rewards. To validate Bitcoin transactions, for instance, miners have to solve complex mathematical questions using powerful computers. This is called the Proof-of-Work (PoW) consensus. Solving these equations involves powerful computers and energy, making the PoW an expensive endeavor.
➡️Bitcoin miners who successfully solve the problems are allowed to add blocks of verified transactions into the blockchain. These miners are paid a reward of 6.25 Bitcoins (about $262K) for their trouble.
▶️Other cryptocurrencies, like Solana and Cardano, use a Proof-of-Stake (PoS) consensus, where miners secure and maintain the network by “staking” their coins. PoS consensus attributes mining power based on the proportion of coins staked or held by the miner.
▶️Before transactions are stored on the blockchain, they need to be verified. The blockchain network also has to be maintained. And more importantly, new cryptocurrencies are to be created from time to time. These tasks are carried out by a group of people called “miners.”
▶️Cryptocurrency mining is the process of validating crypto transactions and then adding them to the network in exchange for crypto rewards. To validate Bitcoin transactions, for instance, miners have to solve complex mathematical questions using powerful computers. This is called the Proof-of-Work (PoW) consensus. Solving these equations involves powerful computers and energy, making the PoW an expensive endeavor.
➡️Bitcoin miners who successfully solve the problems are allowed to add blocks of verified transactions into the blockchain. These miners are paid a reward of 6.25 Bitcoins (about $262K) for their trouble.
▶️Other cryptocurrencies, like Solana and Cardano, use a Proof-of-Stake (PoS) consensus, where miners secure and maintain the network by “staking” their coins. PoS consensus attributes mining power based on the proportion of coins staked or held by the miner.
👛Cryptocurrency Wallets
➡️Unlike the US Dollar, cryptocurrencies don’t have a physical form. You can’t hold Bitcoin or Solana in your hands. They are digital assets that are transferred over the Internet. A digital or cryptocurrency wallet is a storage facility for your crypto holdings.
➡️Technically, cryptocurrency wallets don’t store your crypto funds. They store your private keys. A private key is a password that proves ownership of your crypto holdings and is used to initiate transactions. Since your crypto lives on the blockchain, the private keys are required to provide access to the digital assets.
➡️Unlike the US Dollar, cryptocurrencies don’t have a physical form. You can’t hold Bitcoin or Solana in your hands. They are digital assets that are transferred over the Internet. A digital or cryptocurrency wallet is a storage facility for your crypto holdings.
➡️Technically, cryptocurrency wallets don’t store your crypto funds. They store your private keys. A private key is a password that proves ownership of your crypto holdings and is used to initiate transactions. Since your crypto lives on the blockchain, the private keys are required to provide access to the digital assets.
🗂Types of cryptocurrency
➡️There are several types of cryptocurrency available in the market today. Some of the most popular ones include
➡️Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
➡️Bitcoin, being the first and most well-known cryptocurrency, is often considered the gold standard in the industry.
➡️Ethereum, on the other hand, is known for its smart contract capabilities and has gained popularity among developers.
➡️Ripple is a cryptocurrency designed for fast and low-cost international money transfers. Litecoin, often referred to as the silver to Bitcoin's gold, offers faster transaction confirmation times and a different hashing algorithm.
➡️Lastly, Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork from Bitcoin, with the aim of increasing the block size limit for faster and cheaper transactions. Overall, these cryptocurrencies offer different features and use cases, catering to various needs and preferences in the digital currency space.
➡️There are several types of cryptocurrency available in the market today. Some of the most popular ones include
➡️Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash.
➡️Bitcoin, being the first and most well-known cryptocurrency, is often considered the gold standard in the industry.
➡️Ethereum, on the other hand, is known for its smart contract capabilities and has gained popularity among developers.
➡️Ripple is a cryptocurrency designed for fast and low-cost international money transfers. Litecoin, often referred to as the silver to Bitcoin's gold, offers faster transaction confirmation times and a different hashing algorithm.
➡️Lastly, Bitcoin Cash is a cryptocurrency that was created as a result of a hard fork from Bitcoin, with the aim of increasing the block size limit for faster and cheaper transactions. Overall, these cryptocurrencies offer different features and use cases, catering to various needs and preferences in the digital currency space.
✅How to buy your first crypto
➡️The crypto and blockchain ecosystem offers myriad exchanges and platforms where you can buy and sell cryptocurrencies.
➡️Navigating these services can be intimidating for first-timers; however, developers in the industry create and design products with everyone in mind, making buying crypto as easy as ordering something from Amazon or buying a plane ticket.
➡️An excellent place to start for pure beginners is selecting a top-five crypto exchange—e.g., Binance or Coinbase. Once you’re set on one, all that’s left is to create an account and buy crypto by following a few simple steps.
➡️There are, however, other ways to buy digital currencies besides Binance.
➡️You can buy crypto on a decentralized exchange or a P2P market or mine it.
➡️The crypto and blockchain ecosystem offers myriad exchanges and platforms where you can buy and sell cryptocurrencies.
➡️Navigating these services can be intimidating for first-timers; however, developers in the industry create and design products with everyone in mind, making buying crypto as easy as ordering something from Amazon or buying a plane ticket.
➡️An excellent place to start for pure beginners is selecting a top-five crypto exchange—e.g., Binance or Coinbase. Once you’re set on one, all that’s left is to create an account and buy crypto by following a few simple steps.
➡️There are, however, other ways to buy digital currencies besides Binance.
➡️You can buy crypto on a decentralized exchange or a P2P market or mine it.
✅️Introducing the Crypto Exchange
🔴Buying cryptocurrency is just like buying foreign currency for a holiday. It is just an exchange of one currency for another at an agreed rate - e.g Euros for BTC (the currency symbol for bitcoin) - which is why the most common place to buy cryptocurrency is called an Exchange.
🔴It might feel confusing when cryptocurrency like bitcoin is talked about as having a price, whereas for dollar, euro etc we are used to talking about an exchange rate.
➡️These two terms - price/exchange rate - are interchangeable and simply reflect the fact that currency values - especially crypto - are constantly changing.
🔴The price simply reflects the interaction between buyers and sellers on each Exchange, which organically maintain parity with each other. (again explained in detail elsewhere). An overall representation of price can then be reached by aggregating the price from the main exchanges.
🔴Buying cryptocurrency is just like buying foreign currency for a holiday. It is just an exchange of one currency for another at an agreed rate - e.g Euros for BTC (the currency symbol for bitcoin) - which is why the most common place to buy cryptocurrency is called an Exchange.
🔴It might feel confusing when cryptocurrency like bitcoin is talked about as having a price, whereas for dollar, euro etc we are used to talking about an exchange rate.
➡️These two terms - price/exchange rate - are interchangeable and simply reflect the fact that currency values - especially crypto - are constantly changing.
🔴The price simply reflects the interaction between buyers and sellers on each Exchange, which organically maintain parity with each other. (again explained in detail elsewhere). An overall representation of price can then be reached by aggregating the price from the main exchanges.
What Is Crypto Market Cap?
The term “crypto market cap is” short for “cryptocurrency market capitalization”, which is a metric used to determine a cryptocurrency’s relative size and value. You can calculate it simply by multiplying a coin’s current price by the total number of coins in circulation. However, you may not even need to do so as many cryptocurrency platforms calculate it for you.
Crypto market cap is often used to rank cryptocurrencies, with a higher market cap generally indicating a more stable and widely accepted cryptocurrency. Conversely, a lower market cap usually signals a more speculative or volatile asset.
Do note, however, that this is just one of the many factors to consider when evaluating a cryptocurrency's potential. Several other factors, such as technology, team, tokenomics, and use cases, should also be considered when researching cryptocurrencies.
The term “crypto market cap is” short for “cryptocurrency market capitalization”, which is a metric used to determine a cryptocurrency’s relative size and value. You can calculate it simply by multiplying a coin’s current price by the total number of coins in circulation. However, you may not even need to do so as many cryptocurrency platforms calculate it for you.
Crypto market cap is often used to rank cryptocurrencies, with a higher market cap generally indicating a more stable and widely accepted cryptocurrency. Conversely, a lower market cap usually signals a more speculative or volatile asset.
Do note, however, that this is just one of the many factors to consider when evaluating a cryptocurrency's potential. Several other factors, such as technology, team, tokenomics, and use cases, should also be considered when researching cryptocurrencies.
If you're new to crypto, you may often come across strange words in chats and posts. Here's a breakdown of the most popular ones:
🚀 To the Moon is a phrase that denotes a sharp rise in the price of an asset. Example: “ETH to the moon!”
📉 Dump - a sharp drop in price. “The whales did a dump, minus the depo...”
📈 Pump - a sharp rise in price, often artificially orchestrated. “Pump alta, let's fly!”
🐳 Whale - a large holder of crypto, capable of moving the market. “Whales are draining BTC, waiting for drawdown...”
💎 Diamond Hands - investors who don't sell an asset even in case of strong fluctuations. “I have diamond hands, holding BTC until it flies away!”
👐 Paper Hands - those who easily panic and sell an asset at the slightest drawdown. “Paper hands sold off by -5% again.”
💰 HOLD - a strategy to hold crypto for the long term despite fluctuations. “I'm getting into HODL, I don't care about volatility.”
🐻 Bear Market - Bear market, a downward price trend. “In a bear market, it's best to buy long term.”
🐂 Bull Run - bull market, up and positive expectations. “Bull market, everything is going up!”
🔥 DYOR (Do Your Own Research) - “do your own research”, don't invest blindly. “Before you enter a project - DYOR!”
🚀 To the Moon is a phrase that denotes a sharp rise in the price of an asset. Example: “ETH to the moon!”
📉 Dump - a sharp drop in price. “The whales did a dump, minus the depo...”
📈 Pump - a sharp rise in price, often artificially orchestrated. “Pump alta, let's fly!”
🐳 Whale - a large holder of crypto, capable of moving the market. “Whales are draining BTC, waiting for drawdown...”
💎 Diamond Hands - investors who don't sell an asset even in case of strong fluctuations. “I have diamond hands, holding BTC until it flies away!”
👐 Paper Hands - those who easily panic and sell an asset at the slightest drawdown. “Paper hands sold off by -5% again.”
💰 HOLD - a strategy to hold crypto for the long term despite fluctuations. “I'm getting into HODL, I don't care about volatility.”
🐻 Bear Market - Bear market, a downward price trend. “In a bear market, it's best to buy long term.”
🐂 Bull Run - bull market, up and positive expectations. “Bull market, everything is going up!”
🔥 DYOR (Do Your Own Research) - “do your own research”, don't invest blindly. “Before you enter a project - DYOR!”
🔅 How Cryptocurrency ACTUALLY Works (Bitcoin, Ethereum, Dogecoin, NFTs – Explained Simply)
What is Cryptocurrency?
It’s digital money that lives on the internet. No banks. No middlemen. Just you and your crypto wallet.
How Does It Work?
Cryptos use blockchain technology – a digital ledger that records every transaction publicly and securely.
Bitcoin (BTC)
The OG of crypto. It's like digital gold. Limited supply (21 million coins) and mainly used as a store of value.
Ethereum (ETH)
More than just money. It powers smart contracts – code that runs apps like DeFi, games, and NFTs on the Ethereum blockchain.
Dogecoin (DOGE)
Started as a meme, but backed by a strong community. It’s a fun, low-cost crypto for micro-transactions and tipping.
What Are NFTs?
Non-Fungible Tokens = digital collectibles. Art, music, even memes – all provably owned via blockchain.
Why It Matters
Crypto gives financial freedom, transparency, and power to the people—not banks or governments.
#crypto
What is Cryptocurrency?
It’s digital money that lives on the internet. No banks. No middlemen. Just you and your crypto wallet.
How Does It Work?
Cryptos use blockchain technology – a digital ledger that records every transaction publicly and securely.
Bitcoin (BTC)
The OG of crypto. It's like digital gold. Limited supply (21 million coins) and mainly used as a store of value.
Ethereum (ETH)
More than just money. It powers smart contracts – code that runs apps like DeFi, games, and NFTs on the Ethereum blockchain.
Dogecoin (DOGE)
Started as a meme, but backed by a strong community. It’s a fun, low-cost crypto for micro-transactions and tipping.
What Are NFTs?
Non-Fungible Tokens = digital collectibles. Art, music, even memes – all provably owned via blockchain.
Why It Matters
Crypto gives financial freedom, transparency, and power to the people—not banks or governments.
#crypto
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🔅 What is Staking in Crypto (Definition + Rewards + Risks)
You might be wondering "What is Staking" when it comes to learning about cryptocurrencies. In this video, we will go over what staking is, how to set it up, and the benefits of it.
Proof Of Stake is a blockchain verification method that is much more energy-efficient and less risky than the more common Proof of Work method. Only one miner is chosen as a time to validate the blockchain, but the miner must lock up some of their coins as collateral to be chosen. The miner is punished for creating any fraudulent transactions by losing their collateral, and rewarded for good transactions by the creation of new coins and with the transaction fees the senders paid.
You might be wondering "What is Staking" when it comes to learning about cryptocurrencies. In this video, we will go over what staking is, how to set it up, and the benefits of it.
Proof Of Stake is a blockchain verification method that is much more energy-efficient and less risky than the more common Proof of Work method. Only one miner is chosen as a time to validate the blockchain, but the miner must lock up some of their coins as collateral to be chosen. The miner is punished for creating any fraudulent transactions by losing their collateral, and rewarded for good transactions by the creation of new coins and with the transaction fees the senders paid.
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🔅 What is a Blockchain? (Animated + Examples)
In this video, we are going to explain what a blockchain is in very basic terms using simple examples and analogies. A Blockchain is a record of data that is stored on a network using cryptographic hashes.
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🔅 Four Price Action Secrets (The Ultimate Guide To Price Action)
Price action, probably one of the most important aspects to understand when trading. In this video, I give you four different tips to look for, to help you become a better trader. Enjoy!
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Mining Bitcoin in 2013 when price was at $100 🤯👀
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🔅 How to Start Day Trading As A Beginner
If you Master Day Trading you can create an income generating machine for yourself, but if you start with the wrong foundation as a beginner, you can waste years of your life and a ton of money for no reason. In this video I'll show you a simple process I wish I took as a beginner knowing what I know now with 8+ years trading experience.
💸 Difference Between USDT and USDC
USDT (Tether) and USDC (USD Coin) are both stablecoins pegged to the US Dollar. Here's how they differ:
1️⃣ Issuers and Backing
- USDT: Issued by Tether Limited, backed by reserves including cash and other assets. Questions about transparency exist.
- USDC: Issued by Circle in partnership with Coinbase, backed by cash and US Treasury bonds with regular audits.
2️⃣ Transparency
- USDT: Less transparent; faced scrutiny over reserve accuracy.
- USDC: More transparent; undergoes monthly third-party audits.
3️⃣ Regulatory Compliance
- USDT: Operates with fewer regulatory commitments.
- USDC: Adheres to U.S. financial regulations, trusted by institutions.
4️⃣ Use Cases
- USDT: Popular for trading due to high liquidity.
- USDC: Preferred for DeFi, payments, and applications needing transparency.
5️⃣ Adoption
- USDT: Most traded stablecoin globally.
- USDC: Growing in popularity, especially among institutions.
6️⃣ Blockchain Support
- USDT: Available on multiple blockchains like Ethereum, Tron, Solana, and more.
- USDC: Also supports multiple blockchains but slightly less widespread.
💡 Conclusion:
- Use USDT for liquidity and trading volume.
- Use USDC for transparency, compliance, and institutional trust.
Which one do you prefer? Let us know! 🧐
USDT (Tether) and USDC (USD Coin) are both stablecoins pegged to the US Dollar. Here's how they differ:
1️⃣ Issuers and Backing
- USDT: Issued by Tether Limited, backed by reserves including cash and other assets. Questions about transparency exist.
- USDC: Issued by Circle in partnership with Coinbase, backed by cash and US Treasury bonds with regular audits.
2️⃣ Transparency
- USDT: Less transparent; faced scrutiny over reserve accuracy.
- USDC: More transparent; undergoes monthly third-party audits.
3️⃣ Regulatory Compliance
- USDT: Operates with fewer regulatory commitments.
- USDC: Adheres to U.S. financial regulations, trusted by institutions.
4️⃣ Use Cases
- USDT: Popular for trading due to high liquidity.
- USDC: Preferred for DeFi, payments, and applications needing transparency.
5️⃣ Adoption
- USDT: Most traded stablecoin globally.
- USDC: Growing in popularity, especially among institutions.
6️⃣ Blockchain Support
- USDT: Available on multiple blockchains like Ethereum, Tron, Solana, and more.
- USDC: Also supports multiple blockchains but slightly less widespread.
💡 Conclusion:
- Use USDT for liquidity and trading volume.
- Use USDC for transparency, compliance, and institutional trust.
Which one do you prefer? Let us know! 🧐
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🔅 ULTIMATE Cryptocurrency Beginners Guide (FREE FULL COURSE)
In this video we show you everything you need to know about investing and trading cryptocurrency as a beginner, fast. If you know absolutely nothing about cryptocurrency, this is for you as we'll go through all the cryptocurrency topics you need to know from beginning to end.
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🔅 The ONLY Candlestick Patterns You Need To Know
We will also go over the basic principles of candlesticks that you need to keep in mind while trading.
In this video we will discuss 7 Candlestick patterns that work extremely well in the markets. We go from basic candlestick patterns to advanced candlestick patterns.
We will also discuss the psychology behind these patterns to give you a better understanding of candlesticks.
We will also go over the basic principles of candlesticks that you need to keep in mind while trading.
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🔅 Best Moving Average Trading Strategy (MUST KNOW)
In this video we show you the BEST moving average trading strategy that will take your trading to next level.
The specific moving average we use is the 50 EMA meaning the exponential moving average with a length of 50.
Using moving averages in combination with price action can be a very powerful tool for spotting trade setups and confirming what you have already established with price action.
Remember that moving averages are still indicators and we NEVER use indicators on their own for trade entries. We ONLY use indicators and the moving average to confirm.
In this video we show you the BEST moving average trading strategy that will take your trading to next level.
The specific moving average we use is the 50 EMA meaning the exponential moving average with a length of 50.
Using moving averages in combination with price action can be a very powerful tool for spotting trade setups and confirming what you have already established with price action.
Remember that moving averages are still indicators and we NEVER use indicators on their own for trade entries. We ONLY use indicators and the moving average to confirm.
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🔅 How Cryptocurrency ACTUALLY works.
Bitcoin, Dogecoin, Ethereum, NFT's, all explained in one simple guide! Do consider subscribing if you enjoyed!
💸 Full Beginners Guide to Investing in Crypto (2.5 Hours)
👇👇
https://news.1rj.ru/str/OfficialCryptoGates/84
👇👇
https://news.1rj.ru/str/OfficialCryptoGates/84