6 Facts About Cryptocurrency

Fuzemine

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Sharing and Gaining some taughts about Crypto!! 😁👍

#1 You Can’t Lose Your Wallet
➡We know dealing in cryptocurrency has a risk, you hold a crypto wallet (digital wallet) that has public and private keys. We are provided with a private key to gain access to it and if you happen to lose your private key, the chances of getting it back are close to never. So you are the only one responsible for losing your digital money.

A credit card/debit card loss can still be traced back or created again at the Bank by providing your identification proof, but with cryptocurrency, you need to be extremely careful. 👍👍

#2 Beware of Scam Sites
➡Cryptocurrency is gaining popularity nowadays, so there are lots of websites that you should be aware in investing and trusting your Crypto coins. Be smart enough and take counter measures in trusting your funds. Also beware of cryptojacking.

#3 Bitcoin Inventor Is Unknown
➡This is the most popular and surprising fact about the cryptocurrency world, the person or organization that created the ‘bitcoin’ is unknown. A lot of people have come ahead and claimed to be the ones who started it but none of them were credible sources.

People refer to the creator of bitcoins as Satoshi Nakamoto.

A popular belief is that it is an acronym for leading tech giants- Samsung- Toshiba-Nakamichi-Motorola.

#4 Cryptocurrency Value Is Extremely Volatile
➡Just like a normal share market, there are a lot of external factors that have a direct impact on the value of Crypto money. They are super volatile and really depend on your sense of trading. The value can swing dramatically which is sometimes in your favor and sometimes terribly against it. Its digital-only presence and risk factor is why people choose to steer away from it. These will really need a good sense of trading and maybe luck 🤔😅

#5 China Is The Biggest Miner Of Cryptocurrency
➡Mining of cryptocurrency is the process of verifying various forms of transactions before they are put on the Blockchain’s distributed ledger. It is a lucrative business and China controls around 75% control over the mining network. Whoa chinese are really business expert 🤔😁

#6 Cryptocurrency Can’t Be Physically Banned
➡Some of us might know that there are some countries that banned cryptocurrency, like in India that has a few genuine reasons like- central banks losing business and no government control due to decentralized control. However, despite the ban, it is ‘physically’ impossible to ban cryptocurrency because anyone can get a crypto wallet. There can be regulations but you can’t stop the cryptocurrency market. 😁


Have a good day Windicers!! 😊😁👍
 

San4osss

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Sharing and Gaining some taughts about Crypto!! 😁👍

#1 You Can’t Lose Your Wallet
➡We know dealing in cryptocurrency has a risk, you hold a crypto wallet (digital wallet) that has public and private keys. We are provided with a private key to gain access to it and if you happen to lose your private key, the chances of getting it back are close to never. So you are the only one responsible for losing your digital money.

A credit card/debit card loss can still be traced back or created again at the Bank by providing your identification proof, but with cryptocurrency, you need to be extremely careful. 👍👍

#2 Beware of Scam Sites
➡Cryptocurrency is gaining popularity nowadays, so there are lots of websites that you should be aware in investing and trusting your Crypto coins. Be smart enough and take counter measures in trusting your funds. Also beware of cryptojacking.

#3 Bitcoin Inventor Is Unknown
➡This is the most popular and surprising fact about the cryptocurrency world, the person or organization that created the ‘bitcoin’ is unknown. A lot of people have come ahead and claimed to be the ones who started it but none of them were credible sources.

People refer to the creator of bitcoins as Satoshi Nakamoto.

A popular belief is that it is an acronym for leading tech giants- Samsung- Toshiba-Nakamichi-Motorola.

#4 Cryptocurrency Value Is Extremely Volatile
➡Just like a normal share market, there are a lot of external factors that have a direct impact on the value of Crypto money. They are super volatile and really depend on your sense of trading. The value can swing dramatically which is sometimes in your favor and sometimes terribly against it. Its digital-only presence and risk factor is why people choose to steer away from it. These will really need a good sense of trading and maybe luck 🤔😅

#5 China Is The Biggest Miner Of Cryptocurrency
➡Mining of cryptocurrency is the process of verifying various forms of transactions before they are put on the Blockchain’s distributed ledger. It is a lucrative business and China controls around 75% control over the mining network. Whoa chinese are really business expert 🤔😁

#6 Cryptocurrency Can’t Be Physically Banned
➡Some of us might know that there are some countries that banned cryptocurrency, like in India that has a few genuine reasons like- central banks losing business and no government control due to decentralized control. However, despite the ban, it is ‘physically’ impossible to ban cryptocurrency because anyone can get a crypto wallet. There can be regulations but you can’t stop the cryptocurrency market. 😁


Have a good day Windicers!! 😊😁👍
Cryptocurrency is gaining popularity very quickly now, Tesla's shares can already be bought for bitcoin, and a lot of the U.S. Bank took bitcoin for means of payment)
 
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