General ideas about cryptocurrency

[Atifa3456 257]

Hello all my friends.I hope you all are doing great.Here I want to create an open discussion about the general ideas and basics of the cryptocurrencies.That's why I want to ask some questions-

1.What is cryptocurrency?

2.How does it work?

3.How many cryptocurrencies are there in the cryptomarket and which are safe?

4.Value of some known cryptocurrencies in dollars.

5.Importance of cryptocurrencies.

Now I want to join all of you specially senior members to reply these questions.I hope from that many junior members like me and newbies will be able to know the basics of cryptos.Thank you.

Edited January 7, 2021 by Atifa3456

[Dua amna 259]

Hello friend hope you are fine 

First of all let me answer your question according to my opinion and knowledge 

 Cryptocurrency is a digital kind of currency that relay only on digital banking it is a secure way of banking and investing 

And there are alot of Cryptocurrencies are there including bitcoins and investing there may contain risks but its safe and convenient way

[Shgmdin44 348]

Cryptocurrecey is digital currency in online trading it play key role .now a days this currency is one of best higly profitable currency. So one who want to invest should learn first about trading and then invest in it.

[saradz 2259]

Cryptocurrency is a new form of money that some may consider a commodity, which provides several advantages but raises several risks, and has become a follower of those interested in modern technology.

[Bunnyrobert 98]

We can say that cryptocurrency had no values few years ago but I think this time is the peak point of it (till now). No matter this currency have no physical appearance but have a great value in real.

[Silwester_888 439]

Cryptocurrency is digital form of currency which gained value several years back. It is one of the promising type of currency with  some advantages and disadvantages. It is used for online trading with high profitability.

[sabiqalrayan 482]

Dear friend cryptocurrency is digital currency that use as a digital money. So many online site use cryptocurrency as a payment method. Cryptocurrency transfer blockchain technology. Bitcoin is a first cryptocurrency and its price now USD $38000. Day by day increases cryptocurrency user.

[Maham123 292]

Hello gays. Cryptotalk is the first platform of my online earnings. And i have no knowledge of crypto currency before joining this. And now i am learning all about crypto currency and its related things. I advise you to work hard and work regularly. 

[Arslan Ch 2163]

Cryptocurrency is a digital currency and it is based on blockchain method . So far there are many cryptocurrency has been introduced and most stable from them are BTC , ETH , LTC , XRP , etc. BTC is the first and the most valuable cryptocurrency as it has highest price than all other and has more trading volume as well. 

[Alexjobin 19]

Cryptocurrency is a type of computerized cash that only works in modern finance. It is a safe form of banking and association. Candidates' financial standards are effective to the point where their motivation has increased significantly before the public and is accepted as a form. Quota in the number of original stores.

[Brandonsaw 1973]

Cryptocurrencies are a digital currency, a new financial system and cryptocurrencies work digitally, there will never be a physical cryptocurrency and its price of cryptocurrencies can go up and down depending on the demand it has and many people have had many profits with cryptocurrencies since there are many methods  investment that you can do with your cryptocurrencies.

[godislovefll 1880]

Crypto waves are a non-tangible asset so this is not something that suits many governments therefore they put prohibitions in some countries, their function is simply to be able to make transactions from one person to another without an intermediary to review it and it does not use your personal data and this is the coolest thing of all.

[Michar1 1693]

Hello, the cordial to be able to search for all that information would be to look for it from alternative sources since the cryptographic subject covers many things, so it would be better that you look for the information in other places if the subject of cryptocurrencies is unknown.
Even so, I could answer some of your questions such as, cryptocurrency is a digital asset, so it can only be transferred digitally.
It works on the basis of networks, as it is, blockchain technology.
The cryptocurrencies that are currently operated are many, I could not give you an exact figure.
The one that I consider the best would be the first 10 according to coingeko and coinmarketcap, since they are the ones with the most capitalization in the market, of course in addition to price.
I hope I have been able to answer your questions, best regards.

[yulitzacalvete 1366]

Cryptocurrencies are for the use of commerce without an intermediary to verify this, for example a bank does not determine or know whose transaction it is, so cryptocurrencies do not require personal data to be able to use them and that transactions are much faster and more efficient than traditional banks.

[Nimra 170]

Crypto currency is a digital currency.  Crypto currency work digitally. Crypto currencies in the form of coins. With the help of this currency transactions are very fast today. Pice of this currency up and down it depends on demand.

[usama Asif 73]

The short and easy answer to the title question is that cryptocurrency is decentralized digital money. When I heard a new word I look up its definition in my dictionary. Cryptocurrency is a new world for most people. Cryptocurrency only exist in computers. There are no coins and no notes. Cryptocurrency don't have a central computer or server. 

[Linaa2999 1645]

I believe that cryptocurrencies are the candle of development and technology that humans have reached, and it is a great idea and invention because it is a breakthrough in the digital world that we have never reached before.

[Amelia1971 1338]

This information that you are giving us is very good because there are people who have just entered the forum here and do not know the basic concepts about the forum and now thanks to you if we can know about the basic concepts of the forum and inform ourselves so as not to make any mistakes that we do not want or want to commit.

[scorpiali 5626]

There is a lot of questions and a lot of talk if we really search to answer any questions because the world of crypto currency is very large and have a lot of options and any one can give his ideas about it positive or negative so you need to make your own ideas and then you can decide 

[Ramossss 963]

I think that we can define cryptocurrency as a new form of money, and we can also consider it a currency for trade, and I think it has spread widely these days, especially after many people started using it instead of real money, but it needs a lot of experience and information, It's not easy, it's too risky if we're not experienced in dealing with it

[nisitaim 116]

My partner and I want an individual properly and also accomplishment. I will be a fresh associate. My partner and I would not have an obvious and also enough thought concerning this matter, yet I do believe the aging adults' associates have got enough and also apparent knowledge. You ought to acquire their particular assistance. Their particular knowledge is quite beneficial to us all inside functioning the following.

[NaveedAhmad786 842]

Cryptocurrency is the digital currency which we can easily exchange it into other currency such our country currency. Cryptocurrency price is increase day by day. After some year bitcoin price reach at the peak level.

[Nupeguy 94]

Hi my companion, the number of cryptocurrencies is expansive on the net, but the foremost celebrated of them is Bitcoin and breaks even with 40,000 dollars per money, and the way to get it is through mining, which could be a complex and greatly troublesome strategy.

[Ses93 1624]

Welcome, as for the cryptocurrency, it is a digital currency that is used to facilitate transactions and financial exchanges via the Internet, and the most important cryptocurrency is the bitcoin that has received an increasing demand for it and its price has reached 50 thousand dollars and there are many other cryptocurrencies.

[Arim1111 1095]

The cryptocurrency is a digital currency that is based on a system for encrypting data to ensure that transactions are safe, and allows them to be used as a method of payment in a project, identifying each user's money, in contrast to traditional payment methods, such as banknotes and currencies, and most cryptocurrencies are anonymous.  .