What is cryptocurrency
Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price https://australia-casino-review.com/neospin/. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
Any cryptocurrency other than Bitcoin, including Ether (ETH) and Litecoin (LTC), is called an altcoin. These alternative coins offer various improvements or different features compared to Bitcoin, ranging from faster transaction times to low transaction fees.
Cryptocurrency, or crypto, is a form of digital payment. Unlike traditional currency which represents physical money, cryptocurrencies are purely digital assets. Although people use it primarily for online transactions, you can sometimes use it to purchase physical assets. While traditional payment methods are regulated by central banks and the government, cryptocurrency is decentralized, meaning it isn’t controlled by one central authority.
All about cryptocurrency trading
Diversifying your portfolio is one of the most popular fundamental tools to reduce your overall investment risk. You can hold a variety of different coins and tokens, keep each position at an appropriate size and constantly rebalance the portfolio, so you won’t be too heavily invested in any one asset. This can minimize the chance of oversized losses.
The difference is that unlike conventional currencies such as the U.S. dollar, cryptocurrencies are often not controlled by a single entity. They are also secured using complex cryptography coupled with a new form of online public ledger called a blockchain. It is distributed to anyone and everyone interested in having a copy. Watch the short video below to understand how blockchain works before we proceed further.
Diversifying your portfolio is one of the most popular fundamental tools to reduce your overall investment risk. You can hold a variety of different coins and tokens, keep each position at an appropriate size and constantly rebalance the portfolio, so you won’t be too heavily invested in any one asset. This can minimize the chance of oversized losses.
The difference is that unlike conventional currencies such as the U.S. dollar, cryptocurrencies are often not controlled by a single entity. They are also secured using complex cryptography coupled with a new form of online public ledger called a blockchain. It is distributed to anyone and everyone interested in having a copy. Watch the short video below to understand how blockchain works before we proceed further.
Cryptocurrency markets move according to supply and demand. However, as they are decentralised, they tend to remain free from many of the economic and political concerns that affect traditional currencies. While there is still a lot of uncertainty surrounding cryptocurrencies, the below factors can have a significant impact on their prices:
What is cryptocurrency
Dogecoin, initially a playful experiment, gained massive popularity through internet memes and a supportive community. Despite its lighthearted beginnings, Dogecoin has become an established digital currency, known for its active following and use in online tipping and charitable donations.
There are thousands of different cryptocurrencies out there. Bitcoin’s success led to a flood of new coins—called altcoins—and tokens emerging. Due to the volatile nature of cryptocurrency, it’s best to seek professional investment advice and become very familiar with the crypto industry before deciding to invest. The following are examples of cryptocurrencies with a higher market cap and therefore tend to be more stable. Market capitalization figures are current as of April 3, 2025 :
All about cryptocurrency
Romance scams: The FBI warns of a trend in online dating scams, where tricksters persuade people they meet on dating apps or social media to invest or trade in virtual currencies. The FBI’s Internet Crime Complaint Centre fielded more than 1,800 reports of crypto-focused romance scams in the first seven months of 2021, with losses reaching $133 million.
Traditional financial (TradFi) systems rely on centralised entities like banks to validate and process transactions. In contrast, cryptocurrencies use decentralised networks of computers (nodes) to achieve consensus on transaction validity. This decentralisation reduces the risk of single points of failure and increases the resilience of the network.
Gold cannot be manufactured, you can only get more of it by digging it out of the ground, but because of the difficulties in mining it, the stock of gold tends to change at a very predictable rate – this gives it the important property of scarcity. So sound money, effective as a medium of exchange or store of value, has these properties: