Hello Loves!
Another blog is plug again. How’s everything going? If you going to ask mine, I’m recently studying a little bit about Cryptocurrency most especially Bitcoin cash or BCH and how it works. Yes, I’m new to this and I’d love and eager to know more about it. Many can confirmed and attested that there are a lot of people around the globe who are now very successful, stable and rich because of trading. You can see it anywhere in the online platforms. Now, the question is what is crypto currency and how does this works? I made some research on this and let’s check this out together. Let’s go.
What is Cryptocurrency?
According to Wikipedia, a cryptocurrency or commonly called as “crypto” is a binary data designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Too hard to understand right for beginners like me, right? But in an easier way for me to understand, it is an online currency/money platform that we can use either in trading, investments or even paying services online or in short, it is a Digital cash. Instead of physical money that you are going to used, this one is something that you can just use and put to any type of crypto wallets that you have.
How does cryptocurrency works?
· Trading/Investing
I believed most people who have or knows cryptocurrency, they commonly used this for trading/investment to gain more profit. That is why there are a lot of pro cryptocurrency people out there are very successful and billionaire’s. It is too risky to trade though. Others may hired professionals, some really studies trading for a couple years and these people will only risks only the amount that they can afford to lose.
· Payments for goods and services
I haven’t tried this yet but as far as my research goes, cryptocurrency can be used as payments for goods and services. Not sure here in our country if we can use it for payments because commonly, we used credit cards and physical moneys for payments but I believe in some countries they are now accepting crypto as payments and hopefully in the future around the globe too.
Disclaimer: Cryptocurrency trading/investing is risky. It may gain profit or it may not.So before trading or investing, search and study it first 🙂.
So far loves, that’s the things I know about cryptocurrency. I’ll make sure to study more on this. Who knows, maybe I’ll be successful too same as the others (crossed fingers). By the way, I’m currently trading using Binance. Most of my stocks right now are of course in the BCH and a little in Ripple (XRP). Sometimes, I do trades with other cryptos but just for short trading’s. Too afraid for now for future trading’s.
That’s it loves. Thank you again for dropping by. I believe that this cryptocurrency is the key to live and survive in the future. We never know that in the future, this is the only platform that we are going to use for living. No more physical cash/money. Hope to get more knowledge about cryptocurrency’s with you all. ‘til next time.
Thank you to all my sponsors and for always there to guide me 🙂Ciao,
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The faster rate of growth of cryptocurrency among people makes me realize that , once surely in the future, it would be rocking and showing world that nothing s more powerful than it.