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Atifa3456

General ideas about cryptocurrency

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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 by Atifa3456
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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

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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.

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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.

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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.

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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.

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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.

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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. 

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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. 

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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.

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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.

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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.

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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.

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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.

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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.

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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. 

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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.

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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.

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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 

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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

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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.

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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.

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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.

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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.

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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.  .

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The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • С радостью сообщаем, что мы добавлены на мониторинг OKchanger Контакты: Наш сайт - https://bitkovskiy.io/ Почта - bitkovskiy.change@gmail.com Telegram - https://t.me/Bitkovskiy_exchange
    • там автоматом, вроде, должно. при соблюдении нужных пунктов. что-то типа этого:     а еще у них есть пулы:     а ля американские горки вверх-вниз?
    • В России планируют запретить оборот криптовалют — депутаты назвали точную дату   Исключение авторы проекта предлагают сделать для майнеров, участников майнинг-пулов и «проектов Банка России в рамках экспериментального правового режима». Участниками обращения криптовалют считаются российские или иностранные юрлица и их представительства, а также физические лица, находящиеся на территории страны не менее 183 суток в течение 12 следующих подряд месяцев (то есть полноценные российские налоговые резиденты). Законопроект предлагает запретить на территории страны любую рекламу самих криптовалют и рекламу организации обращения виртуальных монет. Сейчас в действующем законодательстве есть запрет на расчеты между физическими и/или юридическими лицами в криптовалютах, но нет запрета на «организацию обращения» в любом виде. Это обновленная редакция законопроекта № 237585-8, который появился в ноябре 2022 года и должен был отрегулировать майнинг. Тогда документ не прошел даже перовое чтение. В феврале 2024 года авторы законопроекта снова попытались дать ему ход, но 19 апреля комитет по финансовому рынку постановил отправить текст на доработку. В пятницу, 26 апреля, вечером новая версия появилась на столе у председателя Госдумы Вячеслава Володина. Авторами и прошлой, и новой версии законопроекта значится группа из 16 депутатов, в том числе достаточно статусных: председатель комитета по финансовому рынку Анатолий Аксаков, зампредседателя комитета Аркадий Свистунов, зампредседателя комитета по информационной политике Антон Горелкин, первый зампредседателя комитета по безопасности Андрей Луговой, бывший министр сельского хозяйства Алексей Гордеев и так далее. В начале апреля главный фронтмен законопроекта, Анатолий Аксаков, жаловался, что принять закон мешает «одно-единственное ведомство». И обещал, что проект точно станет законом в августе.
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