Cryptocurrency News Bytes & Education

7th Crypto Trading Commandment: Thou Shalt Have & Abide By A Gameplan

7th Crypto Trading Commandment: Thou Shalt Have & Abide By A Gameplan

Welcome to the 7th video in my Caleb Wright’s new series, “The 10 Commandments of Crypto Trading”. Today he is going to reveal the systematic approach that all WINNING traders…

6th Crypto Trading Commandment: Thou Shalt Immerse Yourself In The Crypto Market

6th Crypto Trading Commandment: Thou Shalt Immerse Yourself In The Crypto Market

Welcome to the 6th video in Caleb Wright’s new training series, “The 10 Commandments of Crypto Trading”, where he is going to reveal the one thing that every ‘high level’…

5th Crypto Trading Commandment: Thou Shalt Do Your Own Research

5th Crypto Trading Commandment: Thou Shalt Do Your Own Research

Welcome to the 5th video in Caleb Wright’s new training series, “The 10 Commandments of Crypto Trading”. Today he is going to reveal the strategy that the most successful traders…

4th Crypto Trading Commandment: Thou Shalt Not Trade Against The Trend

4th Crypto Trading Commandment: Thou Shalt Not Trade Against The Trend

Welcome to the fourth video in Caleb Wright’s new training series, “The 10 Commandments of Crypto Trading”. Today he is going to reveal the golden rule that all SUCCESSFUL crypto…

3rd Crypto Trading Commandment: Thou Shalt Not Commit Acts of FOMO

3rd Crypto Trading Commandment: Thou Shalt Not Commit Acts of FOMO

Welcome to the third video in Caleb Wright’s new training series, “The 10 Commandments of Crypto Trading”, where I’m going to reveal the number one reason new crypto traders lose…

2nd Crypto Trading Commandment: Thou Shalt Not Store Crypto On The Exchange

2nd Crypto Trading Commandment: Thou Shalt Not Store Crypto On The Exchange

Welcome to the second video in Caleb Wright’s new training series, “The 10 Commandments of Crypto Trading”. Today I’m going to reveal one of the biggest money-losing mistakes made by…

1st Crypto Trading Commandment: Thou Shalt Exercise Best Security Practices

1st Crypto Trading Commandment: Thou Shalt Exercise Best Security Practices

Welcome to Caleb Wright’s new training series, “The 10 Commandments of Crypto Trading”, where he is going to take you through everything you should know before you start or venture…

Tron Wallet Me User’s Guide | Best TRX Wallet Tutorial / Review

Tron Wallet Me User’s Guide | Best TRX Wallet Tutorial / Review

According to my research and personal experience, I have found that Tron Wallet Me is the BEST, MOST SECURE & MOST TRUSTWORTHY wallet in existence for Tron / TRX…

BitTorrent Airdrop Information / Guide: How To Get BTT Token by Holding Tron

BitTorrent Airdrop Information / Guide: How To Get BTT Token by Holding Tron

I have great news for all current and would-be Tron holders!  There is yet another way you can earn crypto passively by holding TRX in your wallet. Now you may…

Bittrex Exchange Beginner’s Guide Pt. 5: How To Place Strategic Buy & Sell Orders

Bittrex Exchange Beginner’s Guide Pt. 5: How To Place Strategic Buy & Sell Orders

Welcome back to your last Bittrex Exchange Beginner’s Guide training. I hope you enjoyed learning how to use the exchange like a blunt object to buy or sell the market…

Bittrex Exchange Beginner’s Guide Pt. 4: How To Buy Sell Crypto Instantly From The Order Books

Bittrex Exchange Beginner’s Guide Pt. 4: How To Buy Sell Crypto Instantly From The Order Books

Welcome back once again, my fellow bitcoiner!  In our last training, I taught you how to deposit and withdraw bitcoin and cryptocurrencies to your Bittrex exchange account.  You even picked…

Bittrex Exchange Beginner’s Guide Pt. 3: How To Deposit & Withdraw Bitcoin & Cryptocurrencies

Bittrex Exchange Beginner’s Guide Pt. 3: How To Deposit & Withdraw Bitcoin & Cryptocurrencies

Welcome back, my crypto friend!  You have crushed through the first two videos and making excellent progress through my Bittrex Exchange Beginner’s Guide.  Next thing you know, you will be…

What Is A Cryptocurrency? The Internet Of Money & Value!

what-is-a-cryptocurrency

What is a cryptocurrency?  Cryptocurrency is a ‘digital currency’ that uses advanced encryption technology to facilitate free & secure peer to peer transactions.

Most cryptocurrencies are fiat currencies by nature, meaning they have no backing by anything physical. Cryptocurrencies are also usually not controlled by any government or country. The value of a cryptocurrency is solely determined by supply and demand as it traders buy and sell the currency on the public traded exchanges and the actual value they are providing to the merchants, consumers, and overall marketplace.

What Is Cryptocurrency?  Here is a visual explanation showing how cryptocurrency is revolutionizing our world:

“Cryptocurrency gives you ultimate control over when and how you use your money!”

Cryptocurrency is the solution to the failing fiat currency system imposed by the United States Corporation & Federal Reserve:

Andreas Antonopoulos explains how cryptocurrency is the most revolutionary “disruptive” technology since the invention of the internet:

With the rise of the cryptocurrency industry, the banks are experiencing the “5 Stages of Grief” on the path to becoming obsolete:

“Cryptocurrency empowers the average person to become ‘your own bank!'”

So what makes cryptocurrency so different than the money you usually spend online via credit and debit cards? There are a few key differences to be aware of:

  1. There is no central bank that determines it’s value or controls the flow of new money or ‘units of account’ being created.  So there is no manipulation of the amount of currency in circulation by a centralized institution like the US dollar is with the Federal Reserve.  The Federal Reserve controls the Dollar, but cryptocurrencies like Bitcoin are controlled only by their code to produce a limited amount of coins. No single person, company, or country can change this.
  2. The value of a cryptocurrency is determined by the market (whatever people are willing to pay for it).  Countries are not involved, so the welfare of your nation’s economy will not affect the value of your cryptocurrency.  The value of a true cryptocurrency is based solely on supply and demand, similar to a commodity or assets trading on the stock market.
  3. Cryptocurrencies have the lowest fees to transfer money anywhere in the world.  The fee is not affected by distance, country borders, or any other of the common factors.  This makes it very easy whether your objective is to transfer enormous sums of money globally or to conduct micro transactions with someone on the other side of the planet.

What Is A Cryptocurrency?: The Advantages

People love cryptocurrency because it offers an easy way to transfer money globally and provides privacy for making what-is-cryptocurrencytransactions.  For example, cryptocurrency can’t be traced like a credit card or a bank account can be to a specific transaction. At the same rate, all Bitcoin transactions can be forever traced to the specific ‘alias’ or wallet key that performed it.

what-is-a-cryptocurrencyThere is much debate about whether Bitcoin is either untraceable or 100 percent traceable.  If it can’t be traced, it has an immediate appeal for the black market.

Even though the media often only reports on cryptocurrencies as something only used by criminals to buy drugs on websites like ‘Silk Roads,’ the truth is that most people who use cryptocurrency are just regular everyday people like you and me.

Heck, I just had to accept money in Bitcoin from a Pakistani fellow last week.  They don’t have access to Paypal!  Bitcoin was a convenient solution.

What is a cryptocurrency? People like to talk about cryptocurrency because it is making it possible to maintain some privacy in a world where someone is always looking over your shoulders, whether its the government, an Internet service provider or data mongering corporations.  While with currencies like Bitcoin, you enjoy a high level of anonymity, thanks to the fact that your identifying information is not stored in your wallet.

The only thing is the transactions can still be tracked in the blockchain, where you can see the money trail of transactions.  Cryptocurrencies such as Monero, DASH, ZCash, and Bitcoin Private offer the ability for you to transact completely 100% anonymously by implementing strategies that prevent people from following the money.

So while Bitcoin started it all, in the free market, there will always be competition that will learn from the mistakes of it’s competitors to serve the consumers better.  What you see with many altcoins is surely to bring innovation and a better-designed mousetrap to market. And as the market continues to evolve, we will continue to answer the question: What Is A Cryptocurrency?

Still confused about Bitcoin, cryptocurrency, and the blockchain and how you can profit from it? Let me help you clear up your confusion and show you the way. Check out my FREE Crypto Mini Course using the following link:

FREE Crypto Mini Course <<== CLICK HERE

So whether you want to use it in everyday commerce, or purchase it for it’s potential increase in value and make some serious gains.  How do you get into the world of cryptocurrency? There are plenty of ways to get started, whether you are going to trade on the exchange or get into accumulating/mining coins.

What Is A Cryptocurrency?: It’s The Future Of Money.  At What Is A Cryptocurrency, we are going to provide you with information, news & education about this TRILLION dollar megatrend!

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