What is Cryptocurrency?

Cryptocurrency is essentially a digital asset, or currency. Each currency runs on a blockchain, which can denote thought of as an open source ledger.

It is safe, secure and anonymous and accessible to everyone with an internet connection.

Beginner’s Guide to Cryptocurrency

There are a lot of opinions about Cryptocurrencies. There are many advocates, but many opponents too. Despite the prices swings in this relatively new market, cryptocurrency can be a very profitable investment. The following are some useful tips for beginner’s guide to cryptocurrency.

9 Useful Beginner’s Guide to Cryptocurrency

Beginner's Guide to Cryptocurrency

1. Think Long-Term not Short Term

The value of crypto coins varies on a daily basis. View the statistics over more extended periods of up to one year or more. It will show you the upward trends that you are after.

2. In Safety and Security we Trust

Don’t let hackers or other criminals ruin your hard work. Keep your PC or Phone clean to protect. Make sure you keep your private data like passwords and your private key in a safe place.

Click on below link: How to keep your Cryptocurrency safe

3. Plan Your Budget Carefully

Do not invest more money in cryptocurrency than you can afford to lose. There are not yet guaranteed winners in the cryptocurrency space.

Click on below link: How to Make a Budget Plan

4. Making Money with Cryptocurrencies

An investment in for example Bitcoin is an investment in you. It will build wealth for you over time. Do not make panic sells when your currency drops. Quality coins will bounce back.

5. Do Research Before Investing

To be on the safe and secure side, you want to make sure the currency meets these requirements:

  • It solves a legitimate problem as mentioned under the diversity tab.
  • It has a credible company or team behind it. They have a long-term vision.

6. Diversity in Application

Beside usage as money, cryptocurrency solves a legitimate problem. Filecoin offers a storage application. Ethereum has smart contracts. Zcash has a high level of anonymity.

7. 95 Percent of Cryptocurrencies are Scams

If you want to win big, you have to choose your coins wisely. We are still in the first inning, and the scams haven’t been flushed out yet. Be careful.

Click on below link: Bitcoin Fraud on the Rise

8. Become Part of a Crypto Community or Newsletter

Good advice is pricey, but if you are a member of the right team, it will pay for itself. Another option is to find and follow influencers on Twitter.

9. Plan Carefully and Stick to your Strategy

Investing in Cryptocurrencies requires some planning and having a strategy in place. It takes real research to qualify a coin before you master the basics it is very doable to build up a profitable cryptocurrency portfolio successfully.

Click on below link: Crypto Trading Tips For Beginners