You probably already heard about cryptocurrency even if you’ve never invested in it. It’s gotten plenty of buzz for the last few years, but you may not know much about it. Blockchain technology has made its way into everything from social media to video games to supply chain management. Cryptocurrencies- essentially digital money- have been touted as revolutionary, and I think they are. But how do you get started on a path that could change your life? One way to start is with official bitql as it has a lot of different cryptos for your consideration. Anyways, let’s get into it:
Understandably, cryptocurrency can also seem intimidating because it’s so intangible—digital currency isn’t something you can hold in your hand.
The simplest way to get started with cryptocurrency is to start learning about it—a good place to start would be one of the many books about crypto, along with crypto-related news sites and YouTube channels.
Additionally, cryptocurrencies aren’t just limited to being an investment vehicle; some companies have started accepting them as payment for their products. You might get paid in crypto for some of your work!
Read books about cryptocurrency. The first step is learning the basics of cryptocurrency and how it works. These books can help you dive deeper in the crypto world and look into what all things you should know that can benefit you to greater extent.
Watch videos of crypto influencers. You could start with this video from various crypto-based channels that have a great number of views and talk through some of its history. It’s a form of digital money that isn’t controlled by banks or governments, meaning that transactions are anonymous and the currency itself can’t be counterfeited—it can only be mined, or earned through the process of solving complex math problems on a computer.
This is all still new territory for the average person, and there are probably many questions running through your head right now. Cryptocurrency has taken the world by storm and is on track to be a major player in the global economy. Cryptocurrency is digital money with built-in encryption that keeps transactions secure and private. It’s decentralized, meaning it isn’t controlled by any one institution or government. There are many different types of cryptocurrency, but Bitcoin is the most well-known and widely used type.
Next, find a few videos from trusted crypto experts on YouTube who can give you a better idea of the state of cryptocurrency today and what the future holds for it.
As someone who has recently entered the crypto-sphere, you may feel like you need to read a ton of books and watch hours of videos to understand everything going on. I would personally start with reading “The Bitcoin Standard”, which basically is the Bitcoin bible.