Amazines Free Article Archive
www.amazines.com - Sunday, August 09, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133392)
 Advice (161102)
 Affiliate Programs (34743)
 Art and Culture (73739)
 Automotive (145693)
 Blogs (75152)
 Boating (9843)
 Books (17221)
 Buddhism (4127)
 Business (1329040)
 Business News (426355)
 Business Opportunities (366319)
 Camping (10966)
 Career (72751)
 Christianity (15847)
 Collecting (11638)
 Communication (115067)
 Computers (241951)
 Construction (38976)
 Consumer (49683)
 Cooking (17065)
 Copywriting (6607)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20413)
 Dating (45787)
 EBooks (19689)
 E-Commerce (48219)
 Education (185300)
 Electronics (83506)
 Email (6405)
 Entertainment (159864)
 Environment (28937)
 Ezine (3039)
 Ezine Publishing (5449)
 Ezine Sites (1550)
 Family & Parenting (110920)
 Fashion & Cosmetics (196418)
 Female Entrepreneurs (11844)
 Feng Shui (131)
 Finance & Investment (310467)
 Fitness (106333)
 Food & Beverages (62909)
 Free Web Resources (7939)
 Gambling (30227)
 Gardening (25144)
 Government (10527)
 Health (629818)
 Hinduism (2206)
 Hobbies (44054)
 Home Business (91572)
 Home Improvement (251326)
 Home Repair (46163)
 Humor (4832)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29580)
 International Property (3485)
 Internet (190997)
 Internet Marketing (146421)
 Investment (22840)
 Islam (1167)
 Judaism (1356)
 Law (80568)
 Link Popularity (4595)
 Manufacturing (20847)
 Marketing (98905)
 MLM (14136)
 Motivation (18217)
 Music (27012)
 New to the Internet (9495)
 Non-Profit Organizations (4048)
 Online Shopping (129640)
 Organizing (7803)
 Party Ideas (11857)
 Pets (38066)
 Poetry (2234)
 Press Release (12681)
 Public Speaking (5635)
 Publishing (7526)
 Quotes (2407)
 Real Estate (126636)
 Recreation & Leisure (95356)
 Relationships (87570)
 Research (16162)
 Sales (80330)
 Science & Technology (110251)
 Search Engines (23486)
 Self Improvement (153125)
 Seniors (6236)
 Sexuality (35945)
 Small Business (49307)
 Software (83013)
 Spiritual (23475)
 Sports (116108)
 Tax (7659)
 Telecommuting (34066)
 Travel & Tourism (307764)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11736)
 Website Design (56838)
 Website Promotion (36587)
 World News (1000+)
 Writing (35783)
Author Spotlight
DONALD NEWTON

Donald Newton has been a marriage and sex therapist for the past 20 years. He has been able to resto...more
ELLISEN WANG

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more
S.M. AZIZUR RAHMAN

Hi,I am a freelance writer, blogger and digital marketing professional. To find my updated contents,...more
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more
MARVELL LAWSON

Marvell Lawson is an author, professional speaker, and communication coach who works with individual...more


Cryptocurrency For Beginners by Ayelen Osorio





Article Author Biography
Cryptocurrency For Beginners by
Article Posted: 07/27/2020
Article Views: 72
Articles Written: 23
Word Count: 788
Article Votes: 0
AddThis Social Bookmark Button

Cryptocurrency For Beginners


 
New to the Internet,Science & Technology,Business
If you’ve been a sideline player, watching the cryptocurrency market, now may be the time to get more serious because cryptocurrency is rapidly maturing. And with COVID-19, stock prices have dropped drastically and along with that cryptocurrency prices have dropped significantly.

Compared to the existing fiat currency system, like the Canadian dollar, cryptocurrency is still in its infancy, but considering the rate at which crypto is quickly gaining more adopters, fiat currency suddenly doesn’t seem so far ahead of the game anymore.

Paper money printed out of thin air and mainly passed around electronically (via interac e-transfers or credit card payments for example) attempts to remain relevant in the digital world. It is akin to Charlie Chaplain on a big-wheel bicycle with a massive head start ahead of a modern Japanese superbike at full throttle.

Somewhere along the line the old ways will be left in the dust by the new. The question isn’t so much ‘when’, or even ‘why’ this will happen, but rather ‘how’. The question is how do we all get ahead of the curb?

?What Is Different About Cryptocurrency?

For beginners to understand cryptocurrency, they must first understand fiat currency. In a nutshell, fiat currency is paper that people have agreed represents some value. It has no inherent value because it is backed by a government bank (supposedly based on certain economic factors).

The more closely someone studies the intricacies of fiat currency and its sketchy cousin, fractional-reserve banking, the less appealing it seems.

Now flash forward to the new millennium and, cryptocurrency suddenly offers a more tangible value. Why? Because each type of crypto has a maximum amount that can be created, and it will always be that value.

Unlike fiat currency, were its value is in constant fluctuations (due to exchange rates, supply and demand, political crisis, etc.).

In addition, how cryptocurrency is valued is very simple: If a cryptocurrency has a supply with little demand from traders and users, then the cryptocurrency’s value will drop.

Alternatively, if the supply of a particular cryptocurrency is limited and the demand is high, then the value of the coin will increase.

?The Most Common Cryptocurrencies

There are countless cryptocurrencies with more being created each day. Here are some examples:

Bitcoin — The first cryptocurrency ever created and is designed to be a viable alternative to fiat currency.

Ethereum — This type of cryptocurrency is for smart contracts and was founded by Vitalik Buterin, designed to be an alternative to Bitcoin.

Ripple — Unlike most cryptocurrencies, it doesn’t use a Blockchain in order to reach a network-wide consensus for transactions. This makes it faster than other cryptocurrencies, but also more vulnerable to hackers.

Bitcoin Cash — A form of Bitcoin that allows more transactions to be processed than traditional bitcoin by having more storage.

Litecoin — It is designed to be a faster version of Bitcoin. In technical terms it’s very similar to Bitcoin.

?How Do You Buy Cryptocurrency?

For beginners, choosing the right cryptocurrency exchange is important. With the increased popularity of cryptocurrency, it is much easier to buy and invest in them then it once was. There are sites like Netcoins that offer simple, fast, user-friendly means for all of us to get into the crypto market, regardless of our level of understanding when it comes to cryptocurrency

By setting up an account a user has their pick of which of the most popular and widely circulated cryptocurrencies to get into. From the ubiquitous Bitcoin, to its most popular rivals: Ethereum, Ripple, Litecoin, and Bitcoin Cash, are available for trade with just a few clicks.

Netcoins has an easy-to-use dashboard where you can easily deposit, withdraw and buy cryptocurrency. Unlike a lot of exchanges, you can reach them by phone, email or chat.

What Can You Do With Cryptocurrency?

There are two options: trade (like securities or commodities) or use it as currency in purchases.

As more online retailers and businesses adapt to crypto trade, fiat will become less convenient to use, especially since it will always involve dealing with a bank somewhere along the way in the exchange. And when there’s banks involved, there are fees involved.

Crypto, however, will be a direct transaction between you and the seller or buyer. Ultimately, if crypto establishes a mainstream status and directly competes with, or even replaces the fiat system, there are a lot of possibilities.

People will be able to trade between each other instantaneously without having to pay interest fees, or exchange rates, or experience delays in accessing or sending money. That control will belong in the hands of all of us.

For more pieces on all things crypto, Bitcoin and digital finance, check us out here.

Related Articles - cryptocurrency for beginners, bitcoin, money, canada, cryptocurrency, canadian crypto, how to buy crypto, how to buy crypto in canada, what is crypto,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
LARRY WHITTLER

Author of Wrestler/That Dog Hunts; Available at the Kindle Store ...more
MICHAEL MIFSUD

Michael Mifsud was a House of Commons Commonwealth correspondent at the age of 16. He published Brit...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
DAMIAN POWELL

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license