Cryptocurrency for Beginners in 2021 – Explained in 12 Minutes
After this video, you will have learned the basics of cryptocurrency to the point of trading with them. In this age, cryptos have become a fast-moving alternative to traditional currencies. They let you purchase goods and services, or trade them for profit. In this video, I aim to destruct complex crypto concepts. Cryptocurrency is an interesting topic especially for those who have an eye for investment opportunities. It creates a decently reliable alternative for fiat currencies especially when an economic crisis happens.
You are probably watching this video because you are late to join the crypto party and you don’t mind hopping on it now. WELCOME! Some people have totally distanced themselves from cryptocurrency because of the perceived technical knowledge that is required to be able to trade with it. While for some, navigating the sometimes-overwhelming world of Bitcoin, Etherum, Ripple, and so on can be a frustrating task. I totally get it but it does not have to be so.
I made this video for beginners- those who don’t know what Bitcoins and altcoins are, those who have decent knowledge but don’t know how to make trades, and for those who are still not convinced that cryptocurrency is efficient in today’s world of diverse seamless financial transactions.
Before I go on, let me say I am not trying to oversimplify cryptocurrency. I just want to help people who are struggling with the whole idea of digital assets powered by blockchain technology. Truth be told, it can hard to get a firm grasp of what cryptos are all about and how they work- trust me. There are so many buzzwords, charts, financial investment jargon, talks of the best trading exchange to use, etc. and they can all be confusing.
A cryptocurrency (or crypto) is a digital currency that can be used to purchase goods and services. However, it uses an online ledger with strong cryptography to protect transactions online. These digital currencies are unregulated but much of the interest in them is to trade for profit. Meanwhile, speculators can insanely drive prices up at times.