Cryptocurrency Investing: Beginners Guide To Making Money With Bitcoin Ethereum Tether In Coin Stock

By Thomas Dutton

Are you looking out for ways in which you can also be a part of the crypto revolution?

Have you been seeing news and social media updates about Ethereum, Bitcoin, and other cryptos lately and cannot find yourself being acquainted with the same? If this sounds like you, then keep reading!

 

There are people who keep wondering how they can start to invest in the crypto market. But they might not be aware of what it actually is and experience hesitation to invest in something they do not fully understand. Do you also wish to know more about cryptocurrency? Do you feel afraid that it is excessively complicated or complex? If that is the case, then you can take the help of Cryptocurrency Investing: Complete Guide to Making Money With Bitcoin Ethereum Tether in Coin Stock. Cryptocurrencies are the new-age decentralized digital currencies that can only be found online. The primary thing that tends to make crypto so popular is user anonymity. With tons of cryptos being available in the market, it has some genuine growth potential. The massive number of projects built upon blockchain technology proves that the crypto market will slowly head to the moon!

As you opt for this guidebook, you will be able to understand everything about this new-age technology. In fact, you will also be able to learn about the basics and benefits of blockchain. You will get a step-by-step guide that can help you attain higher levels of understanding to ensure that you do not hesitate or feel scared to get involved with crypto.

 

No matter how old or young, how inexperienced or experienced, or what your level of education is, this guidebook can help you to strengthen your idea of the crypto market. Always remember that cryptocurrency is not suitable for all those who want quick money. It is a long-term game, and you need to be patient with it. Experts are sure that cryptocurrency will soon take over traditional currencies and start a new movement to ease the financial scenario of the world.

So, what are you waiting for? If you are interested in making money with your cryptocurrency investments and want to know more about the same, scroll up and click the buy button now.

• Language: English
• Publisher: DTX PUBLISHING CO
• Release date: Feb 24, 2022
• ISBN: 9798201006136

Book preview

INTRODUCTION

Congratulations on purchasing Cryptocurrency Investing: Complete Guide to Making Money With Bitcoin Ethereum Tether in Coin Stock, and thank you for doing so.

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Gaining proper knowledge regarding something indicates that half the work is already done. All that is left to do is to use the knowledge and make things work. Most of us are scared of the unknown. Getting info about unknown things is the first step in bringing about a change regarding fear. Specifically, in terms of finances and investments, the more knowledge you gain and the more info you can take in, the more lucrative the decisions will be. Being informed and educated about the cryptocurrency market can help predict the future of all that you invest in. All you need to start with is the basics, and you can slowly progress.

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There are various types of questions surrounding the crypto market. To start with, cryptocurrency is a form of money that can be used for the exchange of services and goods online. We will discuss all the basic things regarding cryptocurrency in this guidebook that can help you get started. One thing is for sure – as you get done with this guidebook, you will surely be able to get started with investing in the crypto market without hesitation.

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There are plenty of books on this subject on the market; thanks again for

choosing this one! Every effort was made to ensure it is full of as much useful

information as possible. Please enjoy!

1

HISTORY OF CRYPTOCURRENCY

Cryptocurrency is a type of digital currency that is decentralized and is not controlled by any government body. The overall history of cryptocurrencies can be traced back to the 1980s, when the name was cyber currencies. The coins started getting popular in the year 2008, right after Bitcoin was introduced for the first time. Right from the launch of Bitcoin, the concept of cryptocurrencies has been in discussion all the time. In the last few years, the popularity of cryptocurrency has reached a whole new level, with more individuals starting to invest in them. Right before we can jump into the concept of cryptocurrency, we will have to delve deeper into the course of the history of the same.

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The term cryptocurrency might sound like a hi-fi term from science fiction, isn’t it? However, in the real-world, cryptocurrency can be regarded as a modern-day phenomenon in the way services and goods are exchanged. It can be said that the concept of crypto is not only altering the world’s coding and technology, but it is also making a huge impact on how countries from all over the world conceive of currency. By definition, crypto is nothing more than a form of payment. However, it might not be that simple in real life. The primary thing that tends to differentiate cryptocurrency from the traditional currency that we use every day is that crypto often exists within the boundaries of a specified ecosystem. In simple terms, it works just like tickets that we use at carnivals to play ring toss or ride the Ferris wheel.

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The main thing that makes the concept of cryptocurrency a powerful force is its introduction into the digital world. Today, the number of cryptocurrencies just keeps multiplying, and there is no sign of slowing down. In order to understand the basics of cryptocurrency, we will need to start with history. The history of cryptocurrency can help you understand what it is, all that it can be, and the ways in which cryptocurrency can be used as a part of our everyday functioning. You will also be able to understand how it is going to move.

The Crypto Timeline

There are people who have the notion that cryptocurrency is an idea that was developed and launched only in the last decade or something like that. However, the actual history of cryptocurrency can be dated back to 1983. The virtual coins can be traced back to a person – David Chaum. He was a cryptographer. David Chaum was the first person to develop the first-ever brand of digital currency with a system of transactions known as eCash. eCash was followed by another model of the same principle after a few years with the advent of DigiCash. The basic element of the foundation of DigiCash was that transactions were anonymous. The transactions were done across a public network. It is true that the term cryptocurrency was not coined until the late ’90s. But David Chaum’s first introduction of the arena developed critical frameworks for the future developments of the new way of exchanging services and goods.

Now comes the developer of Bitcoin, Satoshi Nakamoto. Nakamoto is an entity that is still anonymous. In the year 2008, Satoshi Nakamoto published a whitepaper on the great potential of cryptocurrency. He also conducted the very first transaction with the most popular cryptocurrency of today – Bitcoin. Nakamoto also developed the database of blockchain whereby all forms of cryptocurrencies conduct business on the exchange platforms. Within two years of the first blockchain and Bitcoin transactions, other developers successfully mined the blockchain. The efforts of the developers did not only enhance the number of transactions based on Bitcoin but also gave rise to new platforms of crypto.

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Regardless of the setbacks in the mid-2010s, Bitcoin was established as the choice of cryptocurrency for people all over the world. Also, the value of Bitcoin skyrocketed, reaching somewhat around $10,000 in the year 2017.

Initial Development of the Crypto Market

During the early days of 2010, Bitcoin was recognized as the only cryptocurrency in the entire market. The price of Bitcoin at that time was only a few cents. In the course of the next few years, various new digital coins or currencies came into the market. The price of the other cryptocurrencies rose and fell along with that of Bitcoin. During the volatile period, many people lost their faith in cryptocurrency in the form of an investment vehicle. But during late 2017, the market of cryptocurrency saw superb growth. The overall market cap for all the cryptos attained the peak of $820 billion during January 2018. Also, it crashed in the next month. Regardless of the crash, the market of cryptocurrency has seen some steady growth in recent years.

Cryptocurrency Scams

2017 is often regarded as the year of cryptocurrency. The value of Bitcoin and other cryptos skyrocketed. The same could be seen in the number of scams and schemes targeting the investors. Starting with fake ICOs or initial coin offerings to attacks of phishing, thieves were able to get away with millions of dollars from the investors.

The Rise of Bitcoin

Bitcoin has always been the central subject of various debates and discussions. However, it is not that easy to pinpoint when Bitcoin turned out to be popular for the first time. There are people who believe that the rise of Bitcoin was in the year 2017, rising from $1,000 to $20,000 and then crashing down to $10,000. Also, there are people who argue that the popularity of Bitcoin skyrocketed because of various crypto exchanges, such as Coinbase. It is said that the crypto exchanges made it easier for all those with little or no technical experience or knowledge to start trading cryptocurrencies.

Crypto Brands

While Bitcoin can be regarded as the most influential and popular cryptocurrency in the market today, that does not mean it is alone. There are various other cryptocurrencies that are fighting for influence, status, and impact. Here are some of the important alternatives to Bitcoin.

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Ethereum: It is a decentralized software platform that permits decentralized apps and smart contacts to be