Learn How To Invest In Cryptocurrency

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FIRSTSTANDS
CRYPTOCURRENCY
BECAUSE IT'S THE FUTURE
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INTRODUCTION
CRYPTOCURRENCY
IN THE MODERN WORLD PEOPLE SAYS THAT 'TIME IS
MONEY'. MOST OF THE WORLD IS INTRODUCED TO NEW
TECHNOLOGIES WHICH MAKES THINGS EASIER AND SAVES
TIME. WHAT IF I TOLD YOU THERE IS A DIGITAL
CURRENCY OR BETTER KNOWN AS CRYPTO CURRENCY, IT'S
A DIGITAL/VIRTUAL CURRENCY THAT LET YOU BUY GOODS
AND SERVICES, OR TRADE THEM FOR PROFIT.
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What is cryptocurrency?
Crypto currency is form of payment that can be
exchanged for goods and services. Many companies
provides currencies to users known as tokens
which can be used for trading goods and services
of the company. Cryptocurrency system that allow
for secure payment online which also makes it
safer to use and harder to counterfeit and is
also not regulated by any central bank or
government. Cryptocurrency works using a
technology called blockchain, that is centralized
technology spread across many digital device.
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Worth Of Cryptocurrency And Their Growth?
More than 10,000 different cryptocurrencies. The
worth of cryptocurrency according to
coinmarketcap.com and The cryptocurrency market
size is expected to grow from USD 1.6 billion in
2021 to USD 2.2 billion by 2026, at a CAGR of
7.1.
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HOW TO USE CRYPTOCURRENCY
YOU NEED AN CRYPTO TRADING APP WHICH IS AVAILABLE
IN YOUR COUNTRY.
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• Make an account
• Link your wallet with you account

AND BOOM YOU ARE READY TO TRADE YOUR REAL MONEY
WITH YOUR CRYPTOCURRENCIES . AFTER THE ACCOUNT IS
CREATED NOW YOU CAN USE IT EFFECTIVELY AND MAKE
MONEY OF YOUR DREAMS. THE JOB IS NOT DONE YET.
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• Decide what type of cryptocurrency you want.
  There are many different cryptocurrencies out
  there.
• Choose a better cryptocurrency exchange available
  in your country.
• Place your order for cryptocurrency. Typically
  you'll specify the type of cryptocurrency you
  want and add the amount of 'coin'.

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WHAT MAKES CRYPTOCURRENCY DIFFERENT FROM
TRADITIONAL CURRENCY?
To understand the difference you might need to
understand 2 basic components blockchain and
cryptography BLOCKCHAIN is digital board of
transactions that records information which makes
cryptocurrency more reliable and difficult for
someone to HACK. UNLIKE traditional currency
there is no central authority overseeing
blockchain. The data is stored in form of
'blocks'. CRYPTOGRAPHY codes the blockchain also
known as hashes. The conversion of blockchain
into hashes is known cryptography which makes it
secure.
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WHAT IS CRYPTOCURRENCY MINING?
WHEN A NEW TRANSACTION IS MADE IT GET ADDS A NEW
BLOCK INTO BLOCKCHAIN, THIS PROCESS IS CALLED
CRYPTOCURRENCY MINING.
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WHY TRADE CRYPTOCURRENCY ?
When you trade cryptocurrency with firststands,
you are speculating in whether your chosen market
will rise or fall. However there are tons of
benefits of trading cryptocurrency obviously
trading cryptocurrency will give you money but
trading correctly is the key which can make your
income from zero to hero. You can trade crypto
anytime from anywhere you want, due to it's
independence from the government and economic
benefits.
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WHAT AFFECTS THE CRYPTOCURRENCY MARKET?
To understand that, you need to know the
difference between cryptocurrencies and fiat
currencies (Indian rupees, US dollar, etc..). The
biggest difference fiat currencies are backed by
government and declared trust as legal
tender. Other than that both currencies have
similar characteristics. Both can be a medium of
exchange to buy products and services. So there
are some things that you need to avoid while
trading cryptocurrencies that can affect the
market. MASS ADOPTION can affect the market
badly. If more people invest in crypto coin, it's
value can shoot through the roof. But still
adopting by the masses is not good. Why? Because
there are real-world problems associated with
them. One they cannot be exchanged for goods and
services as widely as a fiat currency. DETERMINING
PRICE OF CRYPTOCURRENCY The most effective way
the price of a cryptocurrency coin is determined
is by it's demand. Heavy demand from buyers will
push the value of a digital coin up. THIS WAS
ALL ABOUT INTRODUCTION TO CRYPTOCURRENCIES, IF
YOU WANT TO LEARN MORE ABOUT TRADING , CLICK ON
FIRSTSTANDS.
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