Crypto General Knowledge

What is a cryptocurrency?

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Cryptocurrency is a decentralisedpeer-to-peer digital currency on a blockchain network. In real terms, a cryptocurrency is a digital monetary system built on a collective network of computing systems to govern, verify and facilitate transactions.  Cryptocurrencies can’t be counterfeited or tampered with and as such aren’t subject to manipulation from central authorities as all transactions are stored and verified on a public ledger called a blockchain.

So what does all of this mean for me when I’ve bitten the bullet and acquired some cryptocurrency? Suppose you want to send some cryptocurrency to a friend or relative. Once you’ve input the transaction and the address, similar to inputting an account number and sort code, the transaction will be verified by a computing system, similar to a process you’d expect from your bank.  However, as the whole concept of the blockchain is to ensure security through decentralisation, unlike with banks, you will be charged a small transaction fee for the process.  This fee covers the reward given to the computer networks that verify your transaction and ensure the integrity of the blockchain. 

When we rely on centralised authorities   our data is potentially unsafe and identities can be exposed should there be a breach in the security system of your bank for example. In the case of cryptocurrency, the data is secured with advanced mathematics called cryptography.

what are decentralized marketplace explain

By:AussieBoomer I try to be simplistic as that as far as my personal understanding goes :), you can go from here and know better question to ask.

Decentralized marketplaces are online platforms that allow buyers and sellers to connect and trade directly with each other. These marketplaces are powered by decentralized technologies, such as blockchain and smart contracts, which offer a more secure and transparent way to conduct transactions. In this article, we will explore the benefits of decentralized marketplaces and how they are changing the way we trade online.

What is the benefit of decentralized marketplace?

A decentralized marketplace is one that is not subject to the control of a single entity. This means that there is no central point of control or authority over the marketplace. Instead, it is controlled by a network of computers, each of which has a copy of the marketplace’s data. This makes it much more resistant to tampering or censorship than a centralized marketplace.

There are several benefits to using a decentralized marketplace. First, it allows for more freedom and choice in what items are available for purchase. Second, it can be more secure, since there is no central point of attack. Third, it can be more efficient, since there are no intermediaries involved in the transactions. Finally, it can be more private, since the data is distributed across a network and not stored in a central location.

How do you make a decentralized marketplace?

There are a few key ingredients to making a decentralized marketplace. First, you need a platform that supports decentralized applications (dApps). Second, you need a group of users who are willing to trade with one another. Finally, you need a way to connect users and dApps so they can trade with each other.

One popular platform for building decentralized marketplaces is Ethereum. Ethereum is a dApp platform that allows developers to build decentralized applications. These dApps can be used for a variety of purposes, including creating a marketplace.

There are already a number of decentralized marketplaces built on Ethereum, such as 0x OTC, Airswap, and Bancor Network. These marketplaces allow users to trade a variety of assets, including cryptocurrency, digital art, and more.

If you’re interested in building a decentralized marketplace, there are a few things you need to keep in mind. First, you need to make sure your platform supports dApps. Second, you need to find a group of users who are willing to trade with one another. Finally, you need to connect users and dApps so they can trade with each other. With these tips in mind, you should be well on your way to

What is the purpose of decentralization?

Decentralization is the process of distributing power or responsibility away from a central authority. In a decentralized marketplace, there is no central authority that controls the market. Instead, the market is controlled by the participants themselves. This can be achieved through various means, such as peer-to-peer networking, distributed ledger technology, or smart contracts.

There are many benefits to decentralization, including increased security, privacy, and transparency. Decentralized markets are also more resistant to censorship and manipulation. Because there is no central authority controlling the market, it is very difficult for anyone to censor or manipulate the market.

Decentralized markets have the potential to revolutionize many industries and create new opportunities for businesses and consumers alike. They offer a more secure and private way to transact business, and they are also more efficient and transparent. We are only beginning to scratch the surface of what decentralized markets can do.

What is a decentralized organization?

A decentralized organization is an organization that does not have a central point of control. Instead, power is distributed throughout the organization. This can take many different forms, but the common thread is that there is no one person or group that has ultimate authority over the organization.

Decentralized organizations have many advantages. They are often more nimble and adaptable than centralized organizations, since decisions can be made quickly without having to go through a hierarchy. They can also be more resilient, since there is no single point of failure that can take down the entire organization.

There are also some challenges that come with decentralized organizations. They can be less efficient than centralized organizations, since there is often duplication of effort and decision-making authority. They can also be more difficult to manage, since it can be hard to coordinate the activities of a large number of people who are spread out geographically.

Despite these challenges, decentralized organizations are becoming more popular in a variety of industries. The rise of the internet and other technologies has made it easier for people to connect and work together, making decentralized structures more feasible than ever before.

What are examples of decentralized companies

A recent article in Forbes magazine explored the rise of decentralized companies. These are businesses that are organized around a network of individuals, rather than a central authority. They are often distributed, with employees working remotely. And they often use collaborative technologies, such as Wikipedia and open-source software.

The article cites several examples of decentralized companies, including:

• Wikipedia: A collaborative online encyclopedia that is written and edited by volunteers from around the world.

• Bitcoin: A digital currency that is not controlled by any government or financial institution.

• Mozilla: The nonprofit organization behind the Firefox web browser, which is developed by a global community of volunteer programmers.

• Airbnb: A vacation rental platform that allows people to rent out their homes to travelers.

Decentralized companies are often lauded for their ability to tap into the power of the crowd. By harnessing the collective intelligence of their users, they can be more agile and innovative than traditional businesses.

By:AussieBoomer  please leave a comment and or surgestion 

The emergence of web3.0

One of the core principles of web3.0 is to reverse this power dynamic, where web users sacrifice their personal data in exchange for a customised experience. It’s become clear that was a very poor bargain, so web3.0 is about users controlling and monetising their own data, as they see fit.

The most obvious symbol of this sea-change is the constant cookie notices you receive navigating the internet. Whereas before your data was been extracted without request, websites now have to ask. That process might be annoying, but it is just the first step in what could be a journey that redefines our digital lives.

The three cornerstones of web 3.0 can be loosely summarised as:

  • Decentralisation
  • Being Permissionless/open source
  • Driven by user focused utility 

If you’re a regular reader of Learn Crypto, or any crypto based information platform for that matter, you should immediately recognise the first two elements are fundamental principles of blockchains, the first being Bitcoin, created by the pseudonymous Satoshi Nakamoto in 2008, and then gifted to the world.

Being decentralised and permissionless are mutually dependent qualities. If a small group can exert power over an idea or technology they can decide its direction, who gets access and who benefits.

Bitcoin sacrifices elements of usability – such as transaction speed – in order to ensure anyone can participate by running a node, thereby keeping control distributed. And in an ultimate act of altruism, Satoshi simply walked away from the project in 2011, relinquishing an undue influence he/she may have.

So web3.0 aspires to the decentralised values of Bitcoin and to leverage the crypto economies that networks like Ethereum enable. This is enabling new ways of users deriving utility and reward from the huge amounts of data and content that under web2.0 they would happily surrender. So-called token economies, built on blockchains, will provide the mechanics for web3.0, for which every participant will need a web3.0 wallet like Meta Mask.

Web3.0 wallets are your way of storing the value you earn and create in this brave new web, as well as trading and spending. Given they are blockchain-based, they protect privacy; many people are predicting that Social Sign On (using a Facebook of Google account to access other services) will be replaced by something like Ethereum.

The web3.0 model is already enabling gamers to play-to-earn for example, turning existing player-platform relationship on its head.

The countless hours you might spend on your favourite game, building player value that was locked inside your XBox or Playstation Account, will now belong to you, represented via NFTs, which will be tradable.

The huge market for player skins (in game items) in games like CS:GO and the rise of professionalism within eSports, were the precursors to in-game economies that will be a key feature of web3.0, which is where it overlaps with the idea of the Metaverse. 

A Metaverse won’t be a single experience, as a key feature of web3.0 is composability, where code and components of applications can easily be shared and reused.

The immersive 3D environment that the Metaverse promises won’t be just where you play, but work, and soon your employment contract could even be an NFT, that can be traded and exchanged.

But before we get carried away with the utopian ideals of web3.0, there are plenty of reasons to pause for thought.

Decentralisation is hard to scale 

The biggest challenge is that true decentralisation is both hard to define and achieve. There is no recognised measure for how decentralised a network is, but there are some fundamental characteristics: 

  • Permissionless
  • Borderless
  • Censorship resistant
  • Fair/Democratic

Unfortunately, most of the vaunted web3.0 services flash red on some or all of these, which is the root of Jack Dorsey’s argument with venture capital.

he reality is that there is no utopian solution to digital economies, just as we lack equitable solutions for how society is governed. It is no coincidence that DAOs – decentralised autonomous organisations – are gaining popularity at the same time as web3.0 is such a hot topic, but they’ve yet to show conclusively how technology can enable decentralisation, coordination and democracy can coexist to further a value proposition. 

So though web3.0 might become the new sound bite for 2022, under the surface we may simply be more of the same in terms of who really benefits from the growth of digital economies.

Will web3.0 be a productive economy?

Aside from the philosophical arguments that will continue to rage around what web3.0 really means, and whether it is achievable, there is a question of whether it provides the basis of a productive economy?

So far, much of what can be described as web3.0 is speculative and produces value that only makes sense in terms of itself. What value does a play-to-earn metaverse game bring to the ‘real’ economy? This really depends on how you define the ‘real’ economy’. 

Financial services are expected to account for $93trillion, or 24% of the global economy, but who really benefits? The same could be asked of the kind of value that might be generated from web3.0 and how it is distributed. 

We are only really seeing the tip of the web3.0 iceberg. So much is submerged beneath the surface, and hard to understand or anticipate. One thing that is for sure is that arguments like that between Jack Dorsey and a16z will get louder, and the way we interact with the web will definitely change. How much you benefit may literally come down to how much attention you pay.

Paper & brain Crypto wallets

Paper & brain Crypto wallets

Paper & brain wallets are the most simple solution for storing your credentials, crypto keys ,passwords but they’re also the most error prone, or in this digital age is the simple pen ,still a great weapon against scamers. ” Tired of Getting Rug pulled”

  • The advantages: Put simply, the advantages of paper and brain wallets are their simplicity, lack of cost, and the fact that they’re not susceptible to hacking or other computer threats.
  • The risks: If something happens to the paper, such as damage or theft (or, if you happen to forget where you have it stored away), you risk losing all of your funds.
  • Relevant threats: There will be no backup in case of loss of paper or memory. Once it’s gone, it’s gone for good. 

” a point of view ” ( Always do your own research ) #TOGRP “tired of getting rug pulled”

There has been a steady growth of interest when it comes to cryptocurrency. As it becomes more integrated into different levels of our lives, it’s no surprise that increased awareness is driving the growing financial revolution. While there are both positives and negatives to the digital currency, the truth is that there are enough big businesses and corporations looking at ways to integrate the technology and make the most of its advantages, so the notion of digital currency is not going away anytime soon. With fluctuations in value creating an ever-changing market for bitcoins and other, less popular, examples of cryptocurrency, you may be looking at the best ways that you can take advantage of the growing market and influence of this digital powerhouse. If you’ve been looking for good investment opportunities and therefore considering investing in a cryptocurrency, or if you are simply curious how you can use it to manage your finances more securely, then you need to be aware not only of the potential benefits, but also of the negatives as well. This will give you the options with a clear view of what to expect, and will improve your chances of having a positive interaction with cryptocurrency

Perhaps the most challenging obstacle in terms of large-scale adoption of the various cryptocurrency options, is that it can be a difficult subject to comprehend. The very idea of a decentralized financial system that is stored via blockchain can be challenging, especially if you’re not tech-savvy. Due to the fact that it seems occasionally incomprehensible, people are proving to be very wary taking advantage of the benefits that it can offer, and that appears to be the last hurdle that digital currency advocates will need to tackle if they want to see wider use.

There are a variety ways that you can use cryptocurrencies, but the majority of people using them at the moment are simply using them as an investment. While the more eager users are using their digital currency to buy tickets to sporting events, gamble online, or even buy a house with bitcoin, most are simply waiting for the dramatic market fluctuations to work in their favor. Treating your bitcoins as you would any other commodity may be the way to initiate a more widespread understanding and trust in the new currencies.

As with every emerging technology, there are those that use naivety and inexperience to scam, cheat and steal your hard-earned money. This has certainly proven to be the case with digital currencies, so it’s important to be aware of the safety risks. Treating your bitcoins as real money will get you in the right frame of mind, as you simply have to follow standard security protocol as you would with hard currency. For those using cryptocurrency to buy, sell or gamble online, simply be as careful as you would with any investment. For online casinos, look out for the old tricks updated to the digital age, and don’t trust companies that offer unrealistic bonuses, odds, and offers. With a little basic security, you can minimize your chances of making a loss that can never be returned.

This is one of the major reasons why digital currency offers much more potential for societal change and accountability. While the use of cryptocurrency is anonymous, the transactions themselves are all stored on an open ledger (the blockchain). This means that the data is available to view by anyone at any time, and that’s a major boon for those wishing for a more transparent banking system. It is because of this transparency that bitcoin is considered one of the hottest topics in world currency.

It is possible to spend or buy wherever you are, and you don’t even need a computer to use it. Everything can be managed on your mobile device, meaning that even for those with little in the way of technology, they are still able to access their finances and make decisions in real time. This accessibility is a key feature for the adoption of bitcoin, and is being used across the world to provide opportunities for those who would previously have struggled to become online consumers.

Having an unregulated currency that is not bound by customs adjustments and fluctuating political changes is a positive and a negative. Cryptocurrency is completely anonymous, which is great for those that value their online privacy and are wary of handing over too much of their digital data. While the additional layer of security that anonymity provides is an excellent benefit, it has also led to the inevitable adoption of the technology by the criminal fraternity. The black market and the dark web are big users of cryptocurrency, and criminals obviously value their anonymity as much as they value the ability to send vast sums of money anywhere in the world with a few taps of their phone. For more law-abiding citizens, the benefits of anonymity are many, but perhaps the most enticing is the fact that there is no chance of identity theft, and that’s of major interest to anyone looking for more secure ways to remain online safely.

Every budding technology will have a degree of uncertainty about the future, and cryptocurrency is no different. While the popularity is growing, and businesses race to keep up with growing demand for its use, it may be too early to know just how big of an impact cryptocurrency will have. As a potential financial revolution, it’s worth keeping an eye on, and maybe investing in now before interest spreads worldwide.

DYOR Do Your Own Research

Decentralised and secure “Crypto”

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Our traditional financial institutions manage your personal and financial data on their central servers; This data can be hacked, sold or exploited.

Cryptocurrency leverages blockchain technology to decentralise transaction processes entirely. Each transaction is stored on thousands of nodes worldwide. This means there is no single system or vulnerability that could be exploited.

Cryptocurrency transactions are also safeguarded with advanced cryptography secured across the network making it impossible to tamper with the data.

Fast and global

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Within our current financial systems, transferring (fiat) money to other countries can be time consuming and expensive. If you have done wire transfers before, you might be familiar with high fees and an often inconvenient long winded process. 

Cryptocurrency transactions are usually completed within minutes, whether you send crypto coins to your neighbour or to any corner of the world.


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Unlike banks where you have to open your bank account and submit necessary documents for governance, cryptocurrency allows you complete control of your assets.

You can easily download free software, known as a wallet, and you’re ready to send, receive and store cryptocurrency.

Summary – What is crypto summary #TOGRP

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Cryptocurrency is a digital medium of exchange, completely free of political or central influence. It democratises financial systems,  giving you complete control and freedom to manage your assets within the new financial ecosystem created by blockchain technology. Its a great working evolving concept

What is the difference between a “Coin” and a “Token” on the site?

Coin is a cryptocurrency that can operate independently.

Token is a cryptocurrency that depends on another cryptocurrency as a platform to operate. Check out the crypto tokens listings to view a list of tokens and their respective platforms. #TOGRP “tired of getting rug pulled”

Why is the Circulating Supply used in determining the market capitalization instead of Total Supply?

We’ve found that Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can’t affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing. #TOGRP “tired of getting rug pulled”

What is the difference between “Circulating Supply”, “Total Supply”, and “Max Supply”?

Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public’s hands.
Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
Max Supply is the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. #TOGRP “tired of getting rug pulled”

What is “Market Capitalization” and how is it calculated?

Market Capitalization is one way to rank the relative size of a cryptocurrency. It’s calculated by multiplying the Price by the Circulating Supply.

Market Cap = Price X Circulating Supply.
“Do a little research learn more” #TOGRP “tired of getting rug pulled”

A Hedge Against Inflation ! DYOR

Cryptocurrency Is a Potential Hedge Against Inflation
Because cryptocurrencies generally have finite supply (limited numbers of coins) built into their source code, they are a natural hedge against inflation. Without the ability to print more coins, economic theory suggests over time the value of anything finite should keep up with rates of inflation. Cash in your savings account will often effectively lose value over time because rising costs mean the dollars saved today will be able to buy you less in the future.

Cryptocurrencies should not be subject to these changes, at least in theory. A word of caution, however: cryptocurrencies haven’t been around long enough to prove themselves as an effective hedge against meaningful real-world inflation the way gold and other “real” assets have, making this advantage more hypothetical than practical. #TOGRP “tired of getting rug pulled”

Understanding the crypto ecosystem DYOR
Do a little research on each of theses points.

1 Crypto exchanges
2 Block chain protocols
3 Financial services
4 Crypto hardware
5 Data aggregators & block chain analytics
6 Crypto media & conferences
7 Crypto regulation

The crypto ecosystem is evolving rapidly, All these components that make up the crypto ecosystem are growing and developing at their own pace, contributing to an industry that is becoming more sophisticated by the day. Crypto has come a long way from its niche appeal in 2009 to a lively digital assets economy.
But for the industry to expand and increase participation, we need more than a strong ecosystem. We need a better connection between crypto and global finance. The more familiarity we build between crypto and traditional finance, the easier it becomes for new people to start their journey towards understanding the crypto ecosystem.
And with every newcomer, the crypto industry evolves further as exchanges, financial services, media and regulators adjust to mainstream consumer expectations – potentially improving investment outcomes. DYOR –
Use the Points above to do some research – #TOGRP “tired of getting rug pulled”

NFTs and DeFi

Non-fungible tokens and decentralized finance are not an either-or, zero-sum pairing, but an evolution. But how did we get from the virtual cats of NFTs to the financial models of DeFi? How will NFTs of athletes, rappers, and artists work in DeFi? In this post, we break down how DeFi can accelerate the progress of NFTs to more than just an asset class.
An NFT is simply a form of value storage. Like a dollar bill, gold, or Bitcoin, an NFT has value locked into an asset. However, this value’s measurement is far more different at an individual and market level. This is the “non-fungible” part of “non-fungible tokens.” Non-fungible refers to something that cannot be easily replaced or replicated. This is why no two NFTs are the same, but two $100 bills can get you the same amount of groceries. You can learn more about NFTs and how they work here.

Now coming to DeFi. DeFi or decentralized finance is a financial system created using blockchain technology. Several public blockchains are building the DeFi system. The most popular one is on the Ethereum blockchain. Through various in-built tools like oracles, smart contracts, and cryptocurrencies, DeFi allows decentralized financial management. Everything from loans to invoicing can be done on DeFi.

Reading the two there is a connection that can be made. The assets of NFTs to the infrastructure of DeFi. You’re on the right track, let’s explore this further.

NFT – assets and value
What kind of assets are tokenized?

Let’s start with tokens with a realistic value proposition, like land. Real estate was one of the first real-world assets to be tokenized. This was because real estate investments are illiquid and require endless documentation. Putting these assets on the blockchain, represented by virtual tokens signifies ownership and transfer. Tokenization of these assets not only creates a database of information but eases verification. Real estate tokens come under the security token category. To learn more about tokenization of real estate, watch our video here.

NFTs unlock and mobilize value where there previously was value, but you couldn’t mobilize it. For instance, a rapper’s fan base. A popular rapper has millions of fans all over the world, but could he provide any value for them directly apart from the tracks he produces? With NFTs fans purchase tokens to take part in special engagement sessions with rappers. Of course, this comes at a cost. But some fans are happy to pay the price.

On the other hand, a fledgling rapper can leverage her audience with NFTs. She can sell NFTs to the audience, generate funds for marketing and production and hopefully make it big. If she does, the audience can prove they were early-believers through the NFTs and receive an income for their investment. We’ve written more about it here.

Both security tokens and non-fungible tokens offer a value proposition. This value proposition is priced. As a piece of real estate can have a dollar value on it, so can digital real estate, digital art, or a rapper’s future cash flows. In fact, Crypto Kitties, the most popular NFT platform, sells virtual cats, that can be groomed, for as much as 600 ETH or $900,000.

Here are the main characteristics of NFTs:

Limited supply
You can’t have a stream of NFTs offering the same value proposition. From fan engagement to sports’ highlights reel to a virtual cat, they should have a cap on it

Verifiable scarcity
Whatever the cap, it should be verifiable. At any point, you should know how many NFTs are left and who holds them. This can be done on the blockchain.

Unlike Bitcoin, NFTs are unique. No two tokens are the same. Think of them as a movie or concert ticket, they allow entry into an event to a specific person. Even if your concert ticket (with your details were stolen) the new holder will have to prove they are you in order to attend the event.

Like a Bitcoin can be divided into a million satoshis or a $100 bill to one hundred $1 bills. An NFT cannot be divided into secondary units. This destroys their value proposition, which is given to one holder.

Specific use
You can’t use an NFT to buy a cup of coffee. You can only use it for its intended purpose, whether it is – listening to music, attending an exclusive party, or raising a cat.

We’ve learned that NFTs, no matter what form have a value proposition and some key characteristics. Can this be leveraged via DeFi?

DeFi – unlocking value
What you need to understand about DeFi is – DeFi works with all kinds of financial instruments, processes, and solutions. Adding NFTs to the mix is like adding an additional asset to its pre-existing portfolio. But which stream would it impact?

Since NFTs are value-based assets – either growth (the asset’s value can grow) or income (the assets will accrue income to the owner) let’s see how they can be used in DeFi. For starters, several DeFi projects offer loans. These loans are typical to encourage commerce using cryptocurrencies.

Let’s say Adam has to buy goods from Ron worth $80,000. He has 100 ETH which is worth $160,000 today.

He can use this ETH to buy the goods, but Adam doesn’t want to let go of the ETH because he wants any potential upside. To keep his ETH and pay Ron, he turns to DeFi. He can take a loan worth $80,000 in the stablecoin DAI. This stablecoin’s price will remain roughly equal to $1. He puts his entire ETH holdings as collateral to take 80,000 DAI as a loan. Here, it’s important to note that Adam has over-collateralized his loan. This means that despite the loan value being $80,000, he’s putting up ETH worth $160,000 as collateral. This is to safeguard against any volatility. ETH’s price can rise or fall, but the stablecoin’s price will be stable. This is why Adam has to over-collateralize the loan. What does Adam get from it? He can pay Ron the $80,000 and receive the goods. Once he makes $80,000 from his business, he can return it to the DeFi protocol and get back his ETH. In this way, he keeps his ETH (and any potential future upside) and pays Ron for the goods. #TOGRP “tired of getting rug pulled”


Trading Styles — DYOR – Do Your Own Research

Finding A Style of Cryptocurrency Trading that Works for You
There isn’t one style of trading cryptocurrency, there are a few. Some styles are more likely to fit a person’s tastes, tolerances, and goals than others

Below I’ll describe the different styles and try to offer some insight.
Scalping, Day Trading, Range Trading, Intraday Trading, Swing Trading, Position Trading, and Investing
Although there are different ways to denote the styles of trading, I would denote them as: scalping, day trading, range trading, intra-day trading, swing trading, position trading, and investing.

Scalping aims to make very quick moves, day trading aims to make profitable trades during the trading day, range trading speaks to trading the current range, intraday is just a term I’m using to describe a type of day trading that happens over the course of days, swing trading is trading from one set level to another (typically over the course of days or weeks), position trading is trading over a longer period of time, and investing speaks to building a long term position in an asset or asset class (it is HODLing in its true form).

Some of those styles overlap, but generally, the concept is we are going from the most rapid trading type, scalping, to the longest term type, investing.

One can choose a style that suits them, or one can mix and match styles based on the asset or their goals. Either way, it is wise to adjust your tactics for the style that works for you, as different tactics work better for different time frames (investors are much less concerned with smaller time frames, volatility, and technical support/resistance and will typically have their main position unleveraged, where scalpers might try to front-run support and resistance on a 5-minute chart using leverage).

The best way to understand what styles work best for you is to try them out and to be honest with yourself about how effective you are at the style and how the style affects your emotional and logical well-being.

Simply put, if a style is throwing you off your game and you feel off-balance, then it probably isn’t the right style for you (and if you are constantly taking losses, it also probably isn’t the style for you either).

In a way, the quicker you make moves, and the smaller percentage of your bankroll you risk, the less risk you’ll have with each trade on paper, but the more hands-on your trading will be. Meanwhile, because you’ll make a lot of moves, you’ll end up inviting in more complexity and will have to think more about slippage and fees.

Given the above, position trading and investing are generally the best choices for a new or casual trader, as they require less micromanaging and technical skill. However, those trading/investing types come with added stress in crypto… because the market is volatile even over the long term.

Meanwhile, any trading style that has you hold positions overnight is going to come with stress, because crypto is a 24/7 global market, and it is not uncommon for corrections to set in at night while one is sleeping.

Still, for those who aren’t sure, position trading or investing + dollar-cost averaging is a pretty good starting point to consider.

NOTE: One might refer to the styles on this page as cryptocurrency investing styles. However, that is really a different topic. These are styles of cryptocurrency trading. To me investing styles would be more like dollar-cost averaging, value averaging, etc (ways to build long-term positions in assets). The point here is to discussing trading types, that is ways to build positions with the goal of taking profits, not ways to build a position in an asset as a long-term investment (although, as you’ll see, there is a crossover and investing terms are for sure discussed).

Different Styles of Crypto Trading Defined
With the above introduction covered, here are some detailed descriptions of trading styles (all of which are common to all types of trading, but which we will discuss in the context of crypto):

Scalping is all about making very quick trades. The goal is to make constant profits (even if the profits are very small). You’ll take profits quickly, and you’ll cut losses just as quick. You might make a trade every few minutes, or you might only scalp a few positions a day. You want favorable setups, not just any trade. Ideally, you’d want to be able to go long and short (and would thus need to margin trade, even at 1x leverage, so you can short). However, you can scalp by spot buying and selling (buying and selling crypto).

This type might have you buy Ether at $700, then sell at $705, then buy at $702, and sell at $710. In those cases, you might place a tight stop at say $698. Or you might have a rule that you scale out of your position by hand if the trade goes against you. You will rarely just let your positions run, you have take profit targets at all times.

This requires constant focus. However, if you are good at it, you can make quick money.

This requires risk management and considerable luck or skill, but on paper, you can make constant small gains, and those gains can add up quickly.

TIP: Do some research on risk-reward in trading, this will help you to understand where to place your stops. You’ll likely want to use stops if you are scalping.

Day Trading
Day trading is just what it sounds like, it is like scalping, but instead of making trades over the course of minutes, you typically make them over the course of the day.

A day trader might scalp, trade the range, or even take short term position trades in a single day. They are day trading because they aren’t holding their position into multiple trading days.

You still use stop losses and scale in and out of positions, but you are looking for a little more profit on each trade than a scalper, and you typically have more tolerance for volatility and might let some of your positions run.

NOTE: You could consider scalping a type of day trading, but since they both have specific connotations, I’m defining each separately.

Range Trading
Cryptos will constantly define a range they are trading in. Generally, this range will be a type of consolidation (either accumulation, big players getting more coins for the next leg up, or distribution, selling coins at a high before the big players let the market drop).

A range trader trades the range and sets stops, they don’t really care if they are trading the range at the all-time high, or trading the range at the local bottom, as they are simply buying the bottom of the range with a stop, and then selling the top of it (or scaling out toward the top).

When you have a range you have clear support and resistance, so trading it makes sense. While others trade the breakout or breakdown, you focus on making profitable and predictable trades in the current range.

This can be a type of day trading or intraday trading, but the goal is to trade the range, not to buy into an uptrend, or buy after a downtrend, etc.
DYOR – Do Your Own Research
Intraday Trading
This is day trading, but a style of day trading that allows for holding positions over more than one day. Simple as that. The reality is traders do this and there is no rule that it can’t be successful. In crypto, the market never closes, so there is no end to a trading day (the best we get is daily candle closes). With software, you can automate positions and in this respect, there is not specifically a reason to close a short-term position just because the clock strikes 4 pm or whatever.

Swing Trading
Swing trading is all about finding support and trading to the next resistance level, or more generally picking an entry and a target and holding the position until your target is hit or other exit conditions are met.

Here you will open a position (sometimes gradually) at what you calculate to be the local bottom AKA support, then you will aim to HODL your position all the way to what you believe to be the local top AKA resistance (generally gradually scaling out of your position to lock in profits). Obviously, it is the reverse logic for shorting, you aim to short the top of the forming trend to the bottom.

Swing trading is generally done over the course of days or weeks. That means you’ll be taking a position, sleeping on it, watching it go up and down in waves, etc… ideally, all without panicking.

If you can get a good sense of TA, for example, if you feel like you can analyze patterns and detect likely support and resistance levels, it can make a ton of sense to focus on swing trading.

Crypto goes up and down in waves, swing trading is all about finding the bottom of the wave and riding it to the top (with long positions; it is the opposite with short positions).

Exactly how long you spend depends on the timeframe of the chart and the pattern you are analyzing, but in general, a move can take a while.

Those who effectively swing trade using long and short positions tend to do very well and do very little work. That said, detecting the pattern, staying calm, and being willing to use lose on stops takes some guts.

NOTE: I strongly feel swing trading is the most welcoming trading style and the easiest to get good at due to higher time frame support and resistance tending to hold better than lower time frame and due to not having to react too quickly to trades. Swing also lets you capture meaningful runs. Consider starting here first if you want to trade, if you are more interested in investing than trading, but still want to take profits, consider position trading.

Position Trading
Position trading is like a zoomed out version of swing trading or like the trading version of investing. Here you’ll try to build/take a long position low or short position high and then stick with that position for weeks, months, or even years.

This is the simplest form of trading, but it also takes a lot of discipline. Consider someone who has been long on Bitcoin since $5k or short since $12k (the price of BTC is currently $8.3k). Bitcoin has gone to the high $5ks from $20k, and to the high $11ks from that high $5ks low. A disciplined position trader potentially sat through both of those events (although they perhaps scaled out of some of their position or reopened positions or perhaps they exited completely when the trend turned against them fully after a considerable drawdown from the top).

Position trading is a lot like investing, in that it is long term, but it isn’t purely investing, as the end goal is to make a killer longer term trade based on overarching trends.

In crypto, you’ll need to hold through the crazy ups and downs, the bear and bull markets, the good and bad news, and keep your eye on the ball.

TIP: Try pairing position trading with high time-frame trend signals like 50 and 200 day MA crosses (feel encouraged to use a more nuanced strategy, I just want to give a simple example). Here you might close a position on a bearish cross and only reopen again on a bullish cross. This sort of strategy works on trending assets, and the major cryptos tend to trend.
DYOR – Do Your Own Research
I don’t consider investing and trading to be the same thing. Trading is all about taking a position and aiming to take profit. Investing is all about having ownership of an asset as a store of value with a very general goal of increasing that value over time.

Warren Buffet is an investor. He considers buying stock like owning part of a company. If you own a fortune 500, you aren’t looking to take profits when its value goes up, you are looking to see more growth. A low price means the company is cheap (this is not something a trader really ever thinks about).

Investors are more likely to sell their position because they don’t like the direction of the asset’s price than they are to sell their position due to its current dollar value.

An investor isn’t necessarily going to set a stop loss. Instead, they will build a position in the asset and stick with their investment for as long as the reason they made the investment in the first place is true.

An investor is a true HODLer, they really don’t need to look at prices and charts unless they are looking to add to their position at a good price.

Investing is not trading, but ultimately buys and sell are made, and it is important to understand that this style will suit some.

NOTE: In any of the above styles you can take a full position at once or ease in. Some people will run accumulation bots and buy very small amounts of coin all day long, some people will enter a position incrementally with a few buys, some will go into the full position in one swing. Doesn’t matter which style you pick, just as long as it works for you and you have some way to manage risk.

TIP: All the above styles require patience. There is nothing more common than seeing a string of losses in a row when day trading or immediately seeing a downtrend after opening a well researched long position (or uptrend after a short position). What can go wrong, often will. You need to bear through the fails to see if a style is statically working over time, you cannot judge a style or an implementation of a style based on a few results in a short window of time. The goal is to be right more often than you are wrong, not to be right every time. Once you find a style, it will take work to refine, and your tactics will likely need to be tweaked based on the current market and coin you are focused on.

How to Pick the Right Style for You DYOR – Do Your Own Research
The right style for a person depends on the person. There is some general advice to offer:

Find a style that works for you, stick with it, get good at it, refine it, and keep at it until you are profitable. Don’t switch up your style if it stops working, just calibrate your style to the current environment (for example, take 5% of your holdings and range trade if we are stuck in a range; don’t just turn from a position trader to a range trader because of what happened this week as a rule of thumb).
There is nothing that will kill your portfolio quicker than turning into an investor at a high or turning into a day trader at a low (because you are effectively buying high / selling low in those cases).
Actually, there is one thing worse than that, that is not practicing risk management. Each style requires a different style of risk management (the more trades you make, the smaller the positions and the tighter the stops should be). Even though all styles require different risk management tactics, in all cases the idea is to limit your downside and to give the asset enough room to run. Going all-in with 100x leverage on one play is essentially never the right move, not setting stops when day trading is essentially never the right move (unless you are at your computer and will exit trades by hand nimbly, thus acting as your own stop).
Trading cryptocurrency is a rather high-level sport. I’m not sure there is a more difficult pastime when it comes to trading. Most people are going to fall on their face over and over for months on end (if not years). Worse, if you come into crypto in a bull market, you are likely to not fall on your face at first, and then will be ill-prepared for the bad times (and will start falling on your face later into your game).
Expect pain and try to learn some lessons, if it feels easy, it is likely that you are in a bull market and you should brace yourself for difficultly ahead (it never stays easy for long).
Try to make your lessons affordable by using risk management and by avoiding switching up a style that has been working because it stops working for a few trades (for example, avoid the thing where you suddenly become a day trader at the bottom or an investor at the top; also avoid the thing where you hit a few stops, and then don’t take the next trade because you are scared; in terms of statistics, that next trade is usually the winner unless your strategy is bad).
IMPORTANT: Watch out for taking advice from others, making trades based on other people’s calls, switching trading styles mid-stream, etc. I strongly feel that you should find a trading style that works for you and stick with it. Also, you must learn the difference between a bear and bull market so you can avoid trading like a bull in a bear market and vice versa. Honestly, I could talk about my own style and give advice here, and I did in a past iteration of this, but this isn’t a page about how to trade, it is a page about trading styles. If you want my advice, trade the trend and stick to swing, position, and investing.
DYOR – Do Your Own Research #TOGRP “tired of getting rug pulled”

Soft fork V Hard Fork Crypto news

Forks, Hard Forks, and Soft Forks
Sometimes, a cryptocurrency—whether Bitcoin or an altcoin—forks. This typically happens when systems need an upgrade or update, or occasional steering (ie a large enough group of miners decide to make new rules for the network.

You could think of a fork like an actual fork, the kind you eat with. Each prong represents a different open-source code modification, but the prongs are designed to work together to assist in the main function.

Sometimes, forks happen by accident when nodes start making copies or if they do not recognize conflicting or unfamiliar information or characteristics. This is what leads to the difference between hard forks and soft forks.

Hard Forks
If a protocol is changed so that the old protocol version is no longer valid, call that a hard fork. This could be problematic, because if the older, now-invalid protocol is still running, it could lead you to scratch your head and say, “what the fork?” It could cause confusion and even possibly a loss of funds, because the old and new protocols running together are butting heads and making mysteries.

An example of a hard-fork problem—with Bitcoin, for instance, a hard fork is a must when making changes and protocol updates to the Blockchain. The new protocol is cool with the changes, but the old protocol becomes a hot mess, not understanding the new activity going on.

Since the old protocol rejects the new changes because it doesn’t recognize them, that causes a traffic jam or worse. The old protocol will claim that the changes and updates are not valid, even if they are. What you then get are two blockchains, one old and one new. As these chains grow, so can your problems.

The hard-fork challenge, then, is to get all the nodes on the old protocol to switch to the new protocol all at once, and at the same time. This sounds easy, but technically it’s easier said than done.

Soft Forks
Unlike a hard fork, a soft fork is totally cool with the new changes and keeps working. The old version accepts the newer version. Harmony! The newer, updated blocks become longer, and it becomes obvious that the older (shorter) blocks are obsolete and unusable. This recognition eliminates confusion over which protocol is now the real deal (it’s the newer, valid one.)

When a soft fork is implemented, there has to be a “majority vote” on whether to accept it into the established fold. If not, the new soft fork fails, and the rest of the chain simply goes on it with its life with no interruption.
Hard-and-soft forking can cause all kinds of unintended consequences. When members of the Ethereum community rejected a hard-fork change and decided to keep going with the non-forked version of Ethereum, that old-school system was renamed Ethereum Classic.

When Bitcoin hard-forked in order to add more functionality, a portion of the Bitcoin Cash community was left behind and was cut off from the rest of the network. #TOGRP “tired of getting rug pulled”

Crypto charts etc.

Crypto charts etc.
you ned to take your time ,watch videos etc and lean and understand how they work “DYOR” Do Your Own Research “

If you have any hopes of making a profit from trading crypto, you’ll need to use a charting app. The best crypto charting apps provide many different types of charts, hundreds of technical indicators, drawing tools, comparison tools, and a whole lot more.

Of course, if you want all the features, you need to be prepared to pay a monthly subscription. However, lots of pro charting apps also have a free tier. Unless you’re a full-time trader, the free plans should be sufficient.

So, here are the best free charting apps for crypto. Keep reading to learn more.

  1. Trading View
    TradingView is the world’s leading charting tool. In addition to crypto, the app also provides charts for equities, FOREX, futures, and indexes.

Almost all the well-known charting experts on Twitter use the app for their work—and for good reason. It offers lots of different chart types (including line, candlestick, spread, Renko, Kagi, line break, and PNF), more than 50 drawing tools, price scaling, and hundreds of technical indicators.

You can add server-side alerts for your indicators, drawing tools, and price. Everything is customizable (from the background color to the font), and there’s support for paper trading. You’ll even have access to a full-featured crypto screener and customizable watchlists.

And TradingView is undoubtedly the charting app with the best community. Not only can you follow other traders to see their published charts and ideas in your feed, but the app also has its own programming language called Pine. Experienced traders can use it to make their own indicator scripts and share them with other users.

The free version of TradingView has some restrictions. You can only save one chart and open one chart per in-app tab, there are no customizable timeframes, and you can only add a maximum of three indicators per chart. The free account is ad-supported.

Trading View is available on the web, Android, and iOS. If you want more features, the paid plans start at $12.95 per month.

  1. Coinigy
    If you only trade crypto and have no interest in other forms of investments, you might find the sheer volume of content on TradingView to be too much. Instead, why not check out Coinigy? Unlike TradingView, it is solely dedicated to crypto.

Aside from the variance in focus, perhaps the most significant difference between the two services is the number of integrated exchanges. By using API keys, you can trade directly on more than 45 crypto exchanges (including Binance, Bitfinex, BitMEX, Deribit, Huobi, and Gemini) without leaving the Coinigy interface. In contrast, the only crypto exchange that TradingView supports is Poloniex.

In terms of charting tools, Coinigy offers 75 technical indicators, alerts (via SMS, email, and browser), a way to find cross-exchange arbitrage opportunities with ArbMatrix, and even a proprietary tool that spots Bitcoin trading setups automatically in real-time.

Other tools offered by Coinigy include Google Sheets integration for custom portfolio analysis and a crypto ticker for Chrome and Firefox.

The free version of Coinigy restricts the number of APIs you can use, the number of chart layouts available, and the maximum session length. Paid plans start at $18.66 per month.

  1. CryptoWatch
    The popular crypto exchange, Kraken, owns CryptoWatch. Fair warning—the interface is considerably more confusing than both TradingView and Coinigy. If you are a beginner, we’d advise giving this one a wide berth.

For more knowledgeable users, however, the app is a great tool to have in your armory. It lets you monitor and analyze more than 500 assets on all the major exchanges. You can create custom views for the assets and exchanges you care about, and there are dozens of technical indicator overlays, all of which are available in the free version.

The paid plans introduce even more features. They include the ability to trade directly on Kraken, Binance, Coinbase Pro, Bitfinex, Bitstamp, Poloniex, and Bittrex from within the CryptoWatch portal, a way to build custom tools using the live WebSocket API, and automated trading using a Zapier integration.

Paid plans are available from $15 per month.

  1. CoinTracking
    CoinTracking is another of the best crypto charting tools, but it’s so much more than that.

In addition to charting, the app can also generate real-time reports on profit and loss, tax, portfolio value, and unrealized gains. You can directly import your portfolio from many of the top crypto exchanges, including Coinbase Pro, Binance, Abra, BitMEX, Huobi, and YoBit for maximum integration.

The app supports more than 6,500 crypto assets; no matter how niche the altcoin you’re interested in, CoinTracking will also certainly have the necessary tools. As you’d expect, there are dozens of technical indicators you can add to charts to aid your analysis, but the app lacks the community-driven indicators of TradingView.

CoinTracking is free to use.

  1. Use an Exchange
    Many of the leading crypto exchanges offer built-in charting features. Sometimes they are in-house creations (such as those found on Binance); sometimes they are provided via a TradingView API (such as the charts on Bitfinex).

Of course, they lack the extensive features of a dedicated crypto charting app, but if you’d rather do all your work from a single app, they’ll fulfil most people’s needs.

Is Bitcoin and crypto the same thing?
The short answer is no. Bitcoin is one type of cryptocurrency – in the same way that the Dollar, Pound and Yen are all different types of traditional currency.

Cryptocurrencies are defined as digital assets designed to work as a medium of exchange. They are stored in distributed records and don’t exist in physical form (like paper money). Cryptocurrencies aren’t issued by a central authority i.e. a government.

Bitcoin was the first cryptocurrency and was introduced in 2009. Since then, nearly 6,000 cryptocurrencies, including Ethereum, Ripple and Litecoin, have been launched. #TOGRP “tired of getting rug pulled”

What is Bitcoin farming?
Bitcoin farming is the same as Bitcoin mining, just at a much bigger scale.

Bitcoin farms have tens of thousands of mining machines and use extreme amounts of energy to mine Bitcoin.

Some private companies act as Bitcoin farms. Interestingly, an increasing number of power plants are also becoming Bitcoin farms as they are able to generate the large amounts of energy needed. #TOGRP “tired of getting rug pulled”

How long does it take to mine one Bitcoin?

How long does it take to mine one Bitcoin?
Understanding the mining process
Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions (the “blockchain”). The mining process involves using high-powered computers to solve a computational problem and discover a block (a record of some of the most recent Bitcoin transactions).

In return for mining blocks, miners are rewarded with newly-created Bitcoins.

Although miners are rewarded for their work discovering each block, it’s important to understand that the entire Bitcoin mining network is competing in this block discovery process.

This means that only one miner in the entire mining network will successfully discover the block— and since there are potentially tens of thousands of Bitcoin miners in operation, the odds of single-handedly discovering a block is low.

According to some sources, using the current Bitcoin hash and mining difficulty, it would take a solo miner about 7689 days to solve one block and receive 6.25 bitcoins. In other words, mining one bitcoin will take approximately 1,232 days or about 3.37 years.

For this reason, the vast majority of Bitcoin miners work together as part of a mining pool, increasing their chances of discovering a block. Then, regardless of which miner in the pool actually discovers the block, the rewards are distributed evenly throughout the pool. #TOGRP “tired of getting rug pulled”

Common Crypto Questions 2021

Common Crypto Questions 2021
Cryptocurrencies are tokens powered by decentralized technologies like Block chains or DAGs. Usually, block chains have three parts.

P2P networking protocol — For communication throughout the network
Consensus Algorithm — Determining the state of network
Application Layer — Creating tokenomic’s and other features

How many cryptocurrencies are there?
This is the most common crypto question. There are more than 7000 cryptocurrencies are there, but many of them are dead or worthless

How many cryptocurrency exchanges are there?
There are more than 350 crypto exchanges right now.

What crypto to buy? Where to invest?
Do your own research (DYOR). Please don’t invest in anything which you don’t know about because it will be you who will lose your money. Don’t let anyone tell you in which cryptocurrency to invest in.

But, I think this quote from “Aaron Swartz@ can help.

“The scary thing is that the more open our markets get, the faster people can move their money around and the more trading is based on this kind of speculation instead of serious analysis. And that’s scary because — recall — the whole point of the stock market is to decide the crucial question of what we, as a society, should build for the future. As Keynes says, “When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.”

So learn and invest in things that fit your world view. Let your investment be the force of the change you want to see in the world.

Are Cryptocurrencies Securities?
Under USA law, If an investment contract passes the Howey test, then it’s a security. There are security tokens, which are securities. But when we talk about cryptocurrencies, it depends on the tokenomics of that cryptocurrency.

What are the different types of cryptocurrency?

Bitcoin is the most widely used cryptocurrency. Other cryptocurrencies, also known as “altcoins” (which refers to any currency that is not Bitcoin or Ethereum), include Stellar, Tron, Salt and OmiseGo.

Facebook, in conjunction with a set of partners, is introducing the Libra coin, which is different from other cryptocurrencies because it is governed by said partners and is tied to the fiat currency of government bonds and fiat currencies (including the U.S. dollar, euro and yen).

What is an ICO?
An initial coin offering (ICO) is similar to an initial public offering (IPO) of stocks, but tokens are being offered rather than stocks in the ICO. The public exchanges money for tokens, which are an acknowledgment that the contract between buyer and issuer has been fulfilled. The buyer then owns coins, or tokens, representative of a value tied to the entity with price fluctuations to varying degrees, usually depending on the state of the organization.

What is the difference between bitcoin and blockchain?

Bitcoin is a decentralized digital asset — arguably, the most popular — and typically takes up half of all digital asset trading volume on most given days. Bitcoin utilizes blockchain technology. Blockchain is not a cryptocurrency. It is the ledger that records all the cryptocurrency transactions that are verified by cryptography and is open, secure and accessible by all.

Anyone can make a transaction and sign it with a private key. It will be broadcasted to the unconfirmed transactions pool and be verified by miners who will get the fee from it as a reward. Each new block with transactions is approved by a consensus mechanism and cannot be reverted after a certain amount of time (six blocks for Bitcoin). The main difference is that Bitcoin has proof of work (POW) consensus and also uses a specific model of transactions. Blockchain technology does not have any strict restrictions on consensus, transaction model and data that will be transferred in it. For example, enterprise blockchain systems are used to build the supply chain without any financial data in it.

Once Libra is created, will Bitcoin disappear?

Not at all. While Facebook is touting Libra as cryptocurrency, it is more of a stablecoin. It’s expected to have low volatility since its value is tied to currency such as the U.S. dollar or to gold. As the saying goes, “A rising tide elevates all boats,” and Libra will be the rising tide that brings crypto into the mainstream so even your grandmother will be talking about it.

Facebook, along with its partners, has greater visibility than Bitcoin and this brings attention. Will your grandma become a Bitcoin miner? No; she’ll just buy Libra because it’s from institutions she understands. Unlike the 1849 Gold Rush, Bitcoin mining is done by high-powered computers solving complex mathematical equations that result in the creation of new coins. Bitcoin will remain the asset of choice for those who want cryptocurrency that’s first-to-market, decentralized and determined by the people. The lack of governance, though scary to some, is exactly what appeals to others. Bitcoin and Libra will continue to have different purposes.

Space is not the final frontier, as cryptocurrency has created a new frontier. It is a combination of banking, currency trading and international commerce. In the increasingly global world of business, the ability to transfer funds securely and quickly around the world makes the need to explore this frontier all the more important. #TOGRP “tired of getting rug pulled”

WE will keep adding new info ,

Crypto Wallets

Crypto Wallets
When you venture into the world of crypto, one of the first terms and concepts you’ll need to become familiar with is a “wallet”. Wallets come in all shapes and sizes, with various features, but they can be broken down into 2 main categories; hardware wallets and software wallets. Before you jump ahead and learn about the differences, it’s important to get a basic understanding of how wallets work.

Crypto Wallet Basics
In simple terms a wallet is nothing more that 2 long strings of text called your private key and your public key. Your private key is essentially your account for that currency, your public key is the address used to send currency to that account. Keys exist in pairs, and your private key is what you need to keep confidential at all times. There are plenty of software and hardware options to assist us keeping our private keys safe, as well as providing some backups and safety nets should something go wrong.

Most crypto users will have several wallets, if we look at CoinJar (a popular Australian crypto platform) we can see we are given a wallet for each of the cryptocurrencies they support – as well as fiat currencies. Comparing this to another popular local platform CoinSpot, you can send and receive from using many of the popular coins (although you can’t receive with all of them – this is quite common when a large volume of coins are supported).

When using an online wallets, it will look very similar to a traditional bank account (even though they are very different behind the scenes). You typically have the ability to send and receive funds, as well as view activity statements.

Software Wallets vs Hardware Wallets
Now we know the basics about wallets, let’s look at the difference between software and hardware wallets:

More info to come #TOGRP “tired of getting rug pulled”

Shit Coins / Alt coins

How Shitcoins Work
Interest in cryptocurrencies increased substantially since bitcoins were introduced in 2009. Their success has drawn in businesses looking to take advantage of blockchain technology to create their own altcoins, which are digital assets that piggyback off the basic design of bitcoin. Developers typically announce how many tokens are ultimately made available—the supply of bitcoin is capped at 21 million, while ether supplies are capped at 18 million per year.

Setting a supply limit creates scarcity, as investors understand that additional tokens will not be created after a certain point. More tokens would theoretically dilute the value of their holdings, the same way a new stock issuance may reduce the value of a share of stock.

With the supply of an altcoin fixed, its value should be dependent on demand. But since most cryptocurrencies have limited practical use—buying and selling real-world goods and services using cryptocurrencies is not yet a common occurrence—their values are based on pure speculation. Therefore, a shitcoin is something people say is valuable simply because it exists.

Cryptocurrencies have limited, practical use and their values are based purely on speculation.
Shitcoins are easy to identify because they follow a specific pattern. Although there may be some interest in a coin when it launches, its price remains relatively level. But the price increases exponentially over a short period of time as investors begin to jump on board. This is followed by a nosedive caused by investors who dump their coins to capitalize on short-term gains.

It is unlikely that the development and marketing of altcoins that will one day be considered shitcoins will slow down substantially while interest in cryptocurrencies remains high. Some governments, specifically those in South Korea and China, have taken a keen interest in stamping out cryptocurrency mining operations, while others, such as Japan, have encouraged the use of cryptocurrencies in the broader market.1

Special Considerations
Because of the cryptocurrency market—with which investors may struggle to draw historical parallels—and because the underlying technology used to manage blockchains may not be well-understood by a large percentage of investors, there is ample room for abuse. It can be difficult to identify whether a cryptocurrency is viable, or if it was created to bilk investors.

Evaluating why an altcoin is valued at a specific price requires a different approach than determining the price of securities or traditional currencies. Altcoins are not backed by governments, meaning investors cannot look at gross domestic product (GDP) growth, debt levels, or inflation to determine whether an altcoin is undervalued or overvalued.

Adding to the confusion of whether an altcoin is actually valuable is that most information about altcoins is found on the Internet, where it can be difficult to pin down whether the information is true or simply manufactured in order to create buzz. #TOGRP “tired of getting rug pulled”

Cryptocurrency Exchanges Explained ( Plus Basic List at Bottom )

Cryptocurrency Exchanges Explained ( Plus Basic List at Bottom )
Exchanger are online platforms where you can exchange one cryptocurrency for another cryptocurrency (or for fiat currency). In other words, depending on the exchange, it is either like a stock exchange or a currency exchange (at the airport or bank)

“Traditional” Cryptocurrency Exchanges: These are the exchanges that are like the traditional stock exchanges where buyers and sellers trade based on the current market price of cryptocurrency (the exchange plays the middleman, as their platform facilitates the exchange between buyers and sellers). These types of trading platforms generally charge a fee for each transaction. Some of these exchanges deal only in cryptocurrency. Others allow users to trade fiat currencies like the U.S. dollar for cryptocurrencies like Bitcoin. Some of these exchanges are derivatives platforms. Others just focus on spot trading, and some do both. Some allow you to place complex orders, and some only allow simple swaps. Coinbase’s Coinbase Pro is an example of this type of exchange, as is Binance. Of exchanges, there are those run by third parties (they are “centralized” exchanges that have a middleman who can do support and correct some problems) and Decentralized Exchanges or DEXs that mimic traditional exchanges like UniSwap (where trading is handled using smart contracts and Automated Market-Making protocols). In general, centralized exchanges will require a lot of info but often allow fiat trading, and DEX exchanges won’t allow fiat trading but require less information.

Cryptocurrency Brokers: These are website-based exchanges that are like the currency exchange at an airport. They allow customers to buy and sell cryptocurrencies at a price set by the broker (generally at the market price plus a small premium). Here the exchange is between the buyer or seller and the broker, not between a buyer and seller (although some lines blur as the exchange may simply be matching orders for you). Coinbase is an example of this type of exchange, and so is Cash App. This is the simplest solution for new users. You’ll generally pay slightly higher prices than you do on traditional exchanges due to the ease of use and the work the broker puts in.
Direct Trading Platforms (OTC and P2P): These platforms offer direct peer-to-peer trading between buyers and sellers. Direct trading platforms of this type don’t use a fixed market price. Sellers set their own exchange rate, and buyers either find sellers via the platform or denote the rates they are willing to buy, and the platform matches buyers and sellers. There are exchanges of this type that deal with very big buyers and sellers (these are called Over the Counter or OTC), and others that deal with smaller transactions (these are called Peer-to-Peer or P2P). This type of exchange can be the only solution in some regions. In regions where trading is limited to direct exchange, make sure to do some extra research and ensure you are using a trusted platform and dealing with highly-rated users. Also, make sure to check market prices on a platform like Coinmarketcap, as you aren’t buying/selling at a fixed market price! For an example of a centralized peer-to-peer exchange that facilitates the exchange of fiat and crypto, see or Binance.

Cryptocurrency Funds: Funds are pools of professionally managed cryptocurrency assets that people to hold cryptocurrency via a fund. These funds can be private or public. An example of a public fund is GBTC. Using a fund, you can invest in cryptocurrency without having to purchase or store it directly. As a trade-off, you can’t use crypto in a fund as money. These are strictly for investment.
Bottom line: In almost every case, a person new to crypto trading will want to use a traditional crypto exchange or broker. Newcomers will generally only want to use a direct trading platform when their options are limited (either limited by regulation or limited by coin choice). Meanwhile, while funds might be ideal, they tend to have a range of restrictions, and there is a limited selection.
What to look out for before joining crypto exchanges
It’s important to do a little homework before you start trading. Here are a few things you should check before making your first trade.

Reputation – The best way to find out about an exchange is to search through reviews from individual users and well-known industry websites. You can ask any questions you might have on forums like BitcoinTalk or Reddit.

Trading Fees – Most exchanges should have fee-related information on their websites. Before joining, make sure you understand deposit, transaction and withdrawal fees. Fees can differ substantially depending on the exchange you use.

Payment Methods – What payment methods are available on the exchange? Credit card? Debit card? Wire transfer through your bank account? PayPal? Can you trade with USD EUR? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.

Verification Requirements – The vast majority of the Bitcoin trading exchanges both in the US and the UK require some sort of ID verification in order to make deposits & withdrawals. Some exchanges will allow you to remain anonymous. Although verification, which can take up to a few days, might seem like a pain, it protects the exchange against all kinds of scams and money laundering.
Geographical Restrictions – Some specific user functions offered by exchanges are only accessible from certain countries. Make sure the exchange you want to join allows full access to all platform tools and functions in the country you currently live in.

Exchange Rate – Different exchanges have different rates. You will be surprised how much you can save if you shop around. It’s not uncommon for rates to fluctuate up to 10% and even higher in some instances. #TOGRP “tired of getting rug pulled”