Do you know that more than 92% of all financial experts of the world in the first years of Bitcoin's appearance recognized him as an entirely unpromising payment instrument? Nevertheless, for almost ten years this cryptocurrency has not only been continually improving but also beat all new records at its cost.
Here are the most interesting facts about Bitcoin, which will significantly expand your knowledge of the digital currency.
Trading (trading on the exchange with cryptocurrencies, including bitcoin) is a type of activity that involves work to extract profits from the trading process. As in any other kind of activity, in trading, it is essential to develop specific qualities necessary for achieving high competence, in particular, an analytical mind and attentiveness.
Many come to the crypto-exchange, hoping to earn on a difference in the exchange rate quickly with minimal effort. However, reality makes its adjustments, and a novice trader may soon be disappointed in this kind of activity. Why is this happening? What mistakes must be avoided?
Almost any processes occurring in the market of cryptocurrencies have parallels with the usual market. Such a strategy is understandable because these processes are similar, even though the crypto-market develops not so long ago and should orient to something. Let's take for example the capitalization of cryptocurrency? Based on this indicator you can analyze if the cryptocurrency is successful or not.
But even given the importance of this indicator, very few people understand what it actually is. It is logical that you must at least superficially understand the laws that control this market. This will make you feel financially literate and know which coins to buy, and which money should be left without attention.
How could cryptocurrencies save the planet?
We all heard about the negative impact of mining on the environment. But often such judgments have nothing to do with reality.
The number of people who were disappointed in Bitcoin because they did not invest in it several years ago is merely huge. They like to hate Bitcoin or all the cryptocurrencies combined, they are enthusiastically reading the news about a possible ban on cryptocurrency or another tightening of regulation.Read more
Many think that this is a big breakthrough of the 21st century, which is compared to the inception of the Internet. This system can be used in different areas, resulting in huge benefits.
An unprepared person who rarely encounters modern technology (your mom or grandmother, for example) is unlikely to understand the essence of this concept from the beginning. Therefore, I'll say in simple words what this technology is.