This introduction explains the most important thing about cryptocurrencies. After you‘ve read it, you‘ll know more about it than most other humans.
Today cryptocurrencies have become a global phenomenon known to most people. While still somehow strange and not understood by most people, banks, governments and many companies are aware of its importance.
Here are some reasons why digital currency could be a great investment today:
•Borderless
Cryptocurrency transactions take place within the blockchain, which can be accessed by any computer with internet access. There is no centralized database and no central authority in the charge of the blockchain. This essentially makes all cryptocurrencies borderless. As such, there are no huge fees for overseas transactions. If you make lots of payments to people in foreign countries, it could be worth your while doing so using cryptocurrency.
•Quick
In a period where technology has made us so used to immediate gratification, it’s confusing to understand why some transactions using traditional financial services still take two to three days.
Blockchain technology will make payments clear far quicker. Although there are plenty of cryptocurrencies that clear transactions far quicker. Ripple, the second biggest cryptocurrency as far as far as market cap, has a blockchain that can process 1,500 transactions per second, compared to Bitcoin’s seven transactions per second.
.Privacy
Blockchain technology provides pseudo-anonymity. There’s no central banks or government spying on your transactions. There are ways to unlock the code that provides your pseudo-anonymity, but because this is so complicated it will only be used when there are suspicions of money laundering or criminal activity.
.Hedge against a financial crisis
Bitcoin, the world’s first cryptocurrency, was created in a response to the financial crisis of 2008. Its founder wanted to create a currency with a value that couldn’t be tampered with by central banks and was to the effects of inflation. This was done successfully. New Bitcoins can only be mined at a certain speed and there will be no method of creating new coins once the maximum of 21 million have been mined. This essentially means the value of Bitcoin can only be based on demand. Most financial cryptocurrencies work in a similar way.
.Investing in a better world
Whether it’s Bitcoin trying to make financial transaction more efficient, Ethereum attempting to encourage blockchain-based innovation or SteemIt attempting to make a social network that isn’t manufactured to encourage advertising spend, most cryptocurrencies have been created with the aim of the world a better place to live in.
By investing in these cryptocurrencies, you are helping the vision of these cryptocurrency creators become reality. Without investors, this innovation that makes the world a better place will cease to exist.
However, there is a costly mistake in investing in digital currencies: that is when you influenced by the market atmosphere or the high growth of these currencies and the fear of losing profits, makes you buy large quantities of a currency at the peak of the price so to get a lot of money in a short time and do all of that while you do not have any knowledge of the digital currencies. This is a very dangerous mistake and you should not commit it.
In this course you will learn:
Today cryptocurrencies have become a global phenomenon known to most people. While still somehow strange and not understood by most people, banks, governments and many companies are aware of its importance.
Here are some reasons why digital currency could be a great investment today:
•Borderless
Cryptocurrency transactions take place within the blockchain, which can be accessed by any computer with internet access. There is no centralized database and no central authority in the charge of the blockchain. This essentially makes all cryptocurrencies borderless. As such, there are no huge fees for overseas transactions. If you make lots of payments to people in foreign countries, it could be worth your while doing so using cryptocurrency.
•Quick
In a period where technology has made us so used to immediate gratification, it’s confusing to understand why some transactions using traditional financial services still take two to three days.
Blockchain technology will make payments clear far quicker. Although there are plenty of cryptocurrencies that clear transactions far quicker. Ripple, the second biggest cryptocurrency as far as far as market cap, has a blockchain that can process 1,500 transactions per second, compared to Bitcoin’s seven transactions per second.
.Privacy
Blockchain technology provides pseudo-anonymity. There’s no central banks or government spying on your transactions. There are ways to unlock the code that provides your pseudo-anonymity, but because this is so complicated it will only be used when there are suspicions of money laundering or criminal activity.
.Hedge against a financial crisis
Bitcoin, the world’s first cryptocurrency, was created in a response to the financial crisis of 2008. Its founder wanted to create a currency with a value that couldn’t be tampered with by central banks and was to the effects of inflation. This was done successfully. New Bitcoins can only be mined at a certain speed and there will be no method of creating new coins once the maximum of 21 million have been mined. This essentially means the value of Bitcoin can only be based on demand. Most financial cryptocurrencies work in a similar way.
.Investing in a better world
Whether it’s Bitcoin trying to make financial transaction more efficient, Ethereum attempting to encourage blockchain-based innovation or SteemIt attempting to make a social network that isn’t manufactured to encourage advertising spend, most cryptocurrencies have been created with the aim of the world a better place to live in.
By investing in these cryptocurrencies, you are helping the vision of these cryptocurrency creators become reality. Without investors, this innovation that makes the world a better place will cease to exist.
However, there is a costly mistake in investing in digital currencies: that is when you influenced by the market atmosphere or the high growth of these currencies and the fear of losing profits, makes you buy large quantities of a currency at the peak of the price so to get a lot of money in a short time and do all of that while you do not have any knowledge of the digital currencies. This is a very dangerous mistake and you should not commit it.
In this course you will learn:
- The origin of the digital currencies and its definition
- The most important digital currencies?
- Why you should invest in digital currency?
- Which one is suitable to purchase?
- How to buy digital currencies
- Investment in digital currencies
- Digital currencies analysis