Tag Archives: cryptocurrencies how

Why Invest In Cryptocurrency Adopting The Right Mindset

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Before we begin talking about why you need to invest in cryptocurrency, you will first and foremost need to adopt the right mindset in place. What does having the right mindset mean? Having the right mindset means being open minded, thinking positive and not whining or complaining after making a decision and being accountable for the choices you have made. Complaining and whining won’t get you anywhere. The market doesn’t care about your complaints, because the market will always be the market.Over the last couple of months, […]

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What Is Investment?

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The word investment simply means the action of investing money for future gains. Your future gains can be in the form of assets or stocks and also cryptocurrency, which you purchase with the intention to generate passive income. Your assets value may appreciate in the future. Once you’ve made a conscious choice to invest, you are no longer working for money. You are actually making money work for you. For those who choose to not invest or do not possess the awareness to do so, their monthly […]

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What Is Cryptocurrency?

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Cryptocurrency is e of the most frequently asked questions out there. What is cryptocurrency? To make it simple, cryptocurrency is a digital version of money where the transactions are done online. According to Wikipedia, a cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. A cryptocurrency is a medium of exchange just like your normal everyday currency such as the USD, but […]

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Why Buy Cryptocurrency

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Like most things tech, the realm of cryptocurrency can be a bit complex to master and is still new to many. But the advantage of purchasing this currency is surely worth your investment in both time and money. Experts have also predicted that it may be the next big thing in finance. As a digital asset that serves users online, Cryptocurrency has many appealing benefits. Some of this is thanks to the Blockchain Technology previously mentioned. It is a strictly monitored process with encrypted transaction and control […]

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No Third-Party Involvement

Cryptocurrency Secrets

The first advantage of Cryptocurrency is its well-known “No Third-Party Involvement. There’s always a pattern when using traditional money to buy yourself a new property, setting up your own business, or buying a new car. One way or another, the process requires a third-party involvement. We are talking lawyers, owners and some others external factors such as, delays, documentations and extra fees. This in general will consume unnecessary time, money and energy to the point of giving up. A good example of this scenario would be you […]

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What Can Cryptocurrency Be Used For?

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Cryptocurrencies can be spent for different purposes and the best part is, all transactions are completed online! There are 3 different transactions that can be performed when using cryptocurrency: 1. Bitcoin Trading Bitcoin trading can be very profitable for both professionals and beginners. The market is new, where arbitrage and margin trading is widely available. The currency’s high volatility has also played a major role in bringing new investors to the trading market. 2. Personal Spending You can use Bitcoin to purchase almost anything! From buying cars […]

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The Types of Cryptocurrency

cryptocurrency types

There are over 800 cryptocurrencies, but we will only discuss the top 5 prominent currencies in the market. The 5 cryptocurrencies are Bitcoin, Ethereum, Litecoin, Monero and Ripple. For this report, we are going to cover only two of the Cryptocurrency – Bitcoin and Ethereum. This is the first ever cryptocurrency invented and remains by far the most sought after cryptocurrency to date. Bitcoin is known as the digital gold standard in the cryptocurrency network. As explained in the previous module, Bitcoin is the pioneer of Blockchain […]

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Why Cryptocurrency Investment?

cryptocurrency invest

The reason why cryptocurrencies are such in demand right now is because Satoshi Nakamoto successfully found a way to build decentralized digital cash system. What is a decentralized cash system? A decentralized system means the network is powered by its users without having any third party, central authority or middleman controlling it. Neither the central bank, nor the government has power over this system. The problem with a centralized network in a payment system is the so called “double spending”. Double spending happens when one entity spends […]

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