All You Need To Know About Cryptocurrencies

By Impulse world

Have you been hearing about Bitcoin, Ethereum, and Dogecoin lately in the news and can't seem to wrap your head around what their cryptocurrencies are? Do you wonder how you can start investing in crypto but don't really know what it is and have hesitations around investing in something you don't understand? Do you wish you were able to understand cryptocurrency but are afraid that it is too complex and complicated?

 

If this sounds like you, then keep reading!

 

Cryptocurrencies are fascinating new-age decentralized currencies that are only available online and allow the user to be somewhat anonymous. With thousands of cryptocurrencies available, there are some serious growth potentials. The sheer number of projects built upon these blockchains is enough proof that cryptocurrency is heading to the moon!

 

Understanding Cryptocurrency will help you achieve all of your goals with investing, no matter how big or small they are.

 

Regardless of who you are and what you want to accomplish, the basis of Crypto is the same for everyone. This book will help you understand everything you need to know about Cryptocurrencies and blockchain including the benefits and challenges of the new technology, and I will provide you with a step-by-step guide for achieving a higher level of understanding so you can feel comfortable getting involved with cryptocurrencies.

 

Never before has there been a book so gentle in its approach and so effective at understanding crypto from a beginner's level.

 

No matter how young or old, how inexperienced or experienced, or what education level you have, this book will be able to help you strengthen your understanding of Cryptocurrency so you can utilize it in your daily life to achieve the things you want to achieve. The things you want to achieve don't have to be huge goals like building a multi-million dollar investment portfolio (although this book can certainly help), but you can use it to start understanding what all the talk and excitement is about with this new technology.

 

If you're ready to start understanding cryptocurrency and blockchain and learn how you can get involved in this groundbreaking opportunity - then look no further.

 

 

• Language: English
• Publisher: Isaiah durrant
• Release date: Nov 20, 2021
• ISBN: 9798201200046

Book preview

CRYPTOCURRENCY: EVERYTHING  YOU

NEED TO KNOW

TABLE OF CONTENT

CHAPTER ONE

1.0 INTRODUCTION TO CRYPTOCURRENCY

1.1 CRYPTOCURRENCY BENEFITS AND DRAWBACKS

1.2 MINING

1.2.1 WHICH ALTCOIN SHOULD BE MINED

1.2.2 IS IT WORTH TO MINE CRYPTOCOIN?

1.2.3 SET REASONABLE EXPECTATIONS

1.2.4 HOW CRYPTOCOIN MINING WORKS

1.3 HARD FORK

1.4 SOFT FORK

1.5 ALT-COIN

CHAPTER TWO

2.0 RISK- RETURN TRADEOFF

2.1 DOLLAR COST AVERAGING STRATEGY

2.1.1 LOW RISK, LOW REWARD

2.1.2 WHAT TO BUY

2.2 PROFIT TAKING STRATEGY

2.3 NINE RULES OF CRYPTO TRADING

2.4 HOW TO MAXIMISE PROFITS

GLOSSARY

MAJOR TERMS USED IN CRYPTOCURRENCY GENERAL CRYPTOCURRENCY

ETHEREUM SPECIFIC TERMS

CHAPTER 1

1.0 INTRODUCTION TO CRYPTOCURRENCY

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on  blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. Today, there are thousands of alternate cryptocurrencies with various functions or specifications. Some of these are clones of Bitcoin while others are forks, or new cryptocurrencies that split off from an already existing one

Cryptocurrencies are systems that allow for the secure payments of online transactions that are denominated in terms of a virtual token, representing ledger entries internal to the system itself. Crypto refers to the fact that various encryption algorithms and cryptographic techniques, such as elliptical curve encryption, public-private key pairs, and hashing functions, are employed. The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group  known  under  the  pseudonym, Satoshi Nakamoto. As of October 2018, there were over 17.33 million bitcoins in circulation with a total market value of around $115 billion (although the market price of bitcoin can fluctuate quite a bit). Bitcoin's success has spawned a number of competing cryptocurrencies, known as altcoins such as Litecoin, Namecoin and Peercoin, as well as Ethereum, EOS, and Cardano. Today,