Hi and thanks for a no bullshit overview and beginner’s guide to Crypto. I’ve been doing my due diligence for a couple of weeks now before investing my hard-earned moolah. I’ve self-educated a good bit and I’m pretty much ready to rumble! Your info is the best, as it verifies what I’ve compiled from multiple sources Thanks
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On 6 November 2010, the Bitcoin market cap went beyond $1 million USD. This sum was calculated by multiplying the number of Bitcoins in circulation by the last trade on MtGox. The price on MtGox reached US$0.50/BTC.
At the most basic level, a cryptocurrency is really no different than the money you have in your wallet in the sense that they have no intrinsic value and cryptocurrency are just bits of data while real money is just pieces of paper.
Manipulated or not, you can still BUY it at dump price or when there is a LOWER trending or the volatility is negative and SELL it when the pumping or volatility is moving in UPWARD direction or positive ( at least at a value much higher than when you bought it). Whether there is what you call ” manipulation by insiders or scams”, this kind of buy and sell definitely or certainly MAKES money. In a if you buy it at ONE US Dollar, why not SELL it when the trending is upward at TWO US dollars? You get already 100% profit ! Then, follow the same cycle BUY at ONE ( dump) and SELL when it is doubled or 50% up (PUMP).
Crypto currency day trading is offered by Forex/CFDs brokers as well as on some crypto currency exchanges, such as Binance. You should be careful when selecting a broker to open an account with since there are many scam brokerages out there.
In the following years, Bitcoin evolved as the top digital coin in different crypto exchanges. Bitcoins eventually gave way to hundreds of cryptocurrencies that were collectively known as altcoins. Some altcoins are more than simple coins and tweak the fundamental blockchain technology to reinvent website services and apps and tackle the crises of centralization.
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But it’s probably safe to say that increasing the number of people trading in crypto will boost investor confidence. Robinhood’s new app simplifies trading and tracking bitcoin and Ethereum, and further legitimizes digital currencies. Its fee-free service stands to introduce a brand new class of novice traders to the game, giving cryptocurrencies at least a temporary boost.