Bitcoin Trading📉What is the best crypto to Invest in 2022?
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Welcome to our Bitcoin Trading Video!
What is cryptocurrency?
Cryptocurrency (or “crypto”) is a class of digital assets including Bitcoin, Ethereum and Tether. Cryptocurrencies get their name from the cryptographic techniques that that enable people to buy, sell or trade them securely.
Unlike traditional fiat currencies controlled by national governments, cryptocurrencies can circulate without a monetary authority such as a central bank.
Current cryptocurrency prices
To get a sense of the world of cryptocurrency, it can help to get familiar with the most commonly traded assets in the space. Below is a list of major cryptocurrencies by market capitalization.
Why are there so many kinds of cryptocurrency?
It’s important to remember that Bitcoin is different from cryptocurrency in general. While Bitcoin is the first and most valuable cryptocurrency, the market is large.
More than 22,000 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website. And while some cryptocurrencies have total market valuations in the hundreds of billions of dollars, others are obscure and essentially worthless.
If you’re thinking about getting into cryptocurrency, it can be helpful to start with one that is commonly traded and relatively well established in the market.
NerdWallet has created guides to some widely circulated cryptocurrencies, including Bitcoin and some altcoins, or Bitcoin alternatives:
Bitcoin is the first and most valuable cryptocurrency.
Ethereum is commonly used to carry out financial transactions more complex than those supported by Bitcoin.
Cardano is a competitor to Ethereum led by one of its co-founders.
Litecoin is an adaptation of Bitcoin intended to make payments easier.
Solana is another competitor to Ethereum that emphasizes speed and cost-effectiveness.
Dogecoin began as a joke but has grown to be among the most valuable cryptocurrencies.
Shiba Inu is another dog-themed token with more complex mechanics.
Stablecoins including Tether and USDC are a class of cryptocurrencies whose values are designed to stay stable relative to real-world assets such as the dollar.
How does cryptocurrency work?
Cryptocurrencies are supported by a technology known as blockchain, which maintains a tamper-resistant record of transactions and keeps track of who owns what. The use of blockchains addressed a problem faced by previous efforts to create purely digital currencies: preventing people from making copies of their holdings and attempting to spend it twice
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Individual units of cryptocurrencies can be referred to as coins or tokens, depending on how they are used. Some are intended to be units of exchange for goods and services, others are stores of value, and some can be used to participate in specific software programs such as games and financial products.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Bitcoin Trading video. Make sure to leave a like on the video if you gained value from it!
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⏰Timestamps⏰
00:00 50x Your Crypto Portfolio introduction
00:10 50x Your Crypto Portfolio Project
04:04 50x Your Crypto Portfolio Summary
04:17 50x Your Crypto Portfolio Outro