General ideas about cryptocurrency

[Adam786 560]

On 1/7/2021 at 6:43 PM, Atifa3456 said:

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.

Hi friend according to me the cryptocyrrency is like a digital currency that can be transferred by exchanges. There are a lot of cryptocurrencies are existing in the world and some are also fake thats why we should select the reliable and trustworthy cryptocyrrency for investment or trading. Now the use of cryptocyrrency is increasing rapidly and growing in the world.

[Mohammad77 656]

Welcome. The world of cryptocurrencies is a hypothetical world related to investing certain types of currencies that do not actually exist. And that one of the most famous cryptocurrencies is the Bitcoin currency, and the value of the cryptocurrency is very high because its number is limited and does not exceed some millions

[Arratee877 272]

On 1/7/2021 at 2:43 PM, Atifa3456 said:

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.

@Atifa3456 indeed you should be acknowledge for this great submissions and you actually provides important information here most especially beginner who are just coming into the forum and are yet to receive payment and get much experience about cryptocurrency.

[Jam sidra 884]

Im agree with you, but let me tell you that bitcoin is a digital currency and cryotocurrency is very good currency, we can learn a lot from it and we can trade it and it can also give us online banking work. And in this period, it has become a very famous cryptocurrency which is better then gold etc 

[HumamAliDeeb 590]

A cryptocurrency is a digital currency that only exists in a network of computers called a "blockchain" on the Internet. They are decentralized virtual currencies that exist outside of traditional banking but can still be traded like any other currency. Cryptocurrencies are a type of digital cash without central authority .

[Mohammadnour 1372]

A cryptocurrency is a currency that is not physically tangible but has a market value. The first cryptocurrency was Bitcoin, and today there are many and many cryptocurrencies. The importance of cryptocurrencies is that they are easy to move from one person to another and that they are reliable, and also that the prices of these currencies always change, which helps in gaining a profit from these changes in the price.

[Ameralsamt 2558]

Thank you, my friend, for this wonderful and useful participation, you really make a good opportunity for others to share their ideas and change experiences here as well i wish you all the success and success you are truly a perfect person. 

[Taj93 295]

Cryptocurrencies are intangible and non-fraudulent electronic currencies and they are a means of virtual exchange, transferred from one party to another without the need for a middleman. The first cryptocurrency created in 2009 is Bitcoin. 

Edited March 22, 2021 by Taj93

[Mary777 881]

First, encrypted digital currencies: They are digital currencies, but they are protected by a complex encryption system
The cryptocurrency is based on blockchain technology
Each cryptocurrency has a public key and a private key
This is to increase the safety when doing a transaction
And it has many types, the most important of which is Bitcoin, which was its first cryptocurrency

[Ali iskandr 600]

The cryptocurrency is not a physical thing, and herein lies its advantage, as it is convenient and simple in dealing and has recently facilitated large sums of money payments without the need for a medium, today the value of one bitcoin is about 60 thousand dollars. 

[Reta 1285]

In an era when cash transactions were reduced to be replaced by electronic payments, so-called cryptocurrencies appeared, which is a digital virtual currency that is created and stored electronically without an authority or a central bank that controls it and has no physical physical entity, like other regular currencies today, there are more than 1324 digital cryptocurrencies, but they spread in transactions In the virtual world and the Internet, it is accepted in many stores, especially Bitcoin

[Ghadrov 0]

The cryptocurrency is a decentralized currency whose price is controlled by programmers and the supply and demand for it, so its value is not fixed and changes daily, it helps us to facilitate transactions through the Internet, and its number is very large, the most famous and safest of which are Bitcoin, Ethereum and Litecoin

[Mera sk 410]

It is my pleasure to share my thoughts with you.

1. The cryptocurrency is a decentralized currency whose price is controlled by supply and demand.

2. To this moment, it has not been listed globally for buying and selling through it, but now you can trade and invest in it through the platforms and when you need money you can exchange it to your national currency

3  There are several known variants, such as Bitcoin.  litecoin .ETH.  XRP and you can learn more through the platforms

4. Prices fluctuate instantly and the value of one bitcoin for the day is $ 53,000

5. Its importance lies in high protection and safe keeping of money through Blockchin technology

@Ali iskandr

Edited March 24, 2021 by Mera sk

[emilywillson 666]

Hello all...
Cryptocurrencies are of great value because they are the best investment, as these currencies are difficult to counterfeit, in addition to being used to protect virtual transactions and create new controllers.
For people who do not want to deposit real money in their wallet, cryptocurrencies are what help them with this.

[Jessica7 1132]

Cryptocurrencies are intangible decentralized currencies like cash currencies, and there are many types of these currencies and are characterized by being easy to deal and trade and are characterized by the absence of large transfer fees, but a fixed answer cannot be given about their value against the dollar because it is constantly changing

[Faizunnahar Fiza 2001 33]

Cryptocurrency is a digital currency. It enables one to do transaction from anywhere around the world. One can do both investment and trading by using crytocurrency. It doesn't see anyones background.  That is anyone can work here

[Dlexx69 488]

Crypto currency is great platform for earning and learning. By invest or trading here you van get much profits. Btc is the most helpful coin to here.Without that there are many helpful coins like talk tokens, etc,eth,doge etc.

[Simon London 1749]

Hello everyone, I believe that cryptocurrencies are important, as they can help us to perform operations or transfers, faster and safer, in order to obtain a product or service, also allows us to safeguard our money, so that it does not lose its value over time.

[Semaa55 257]

It is a digital currency that is very important in the world of cryptocurrencies, and it is very financially profitable. Whoever wants to invest must trade and learn with it

[Tarek264 721]

Your question is important, my friend, that the encrypted currencies depend on increasing the demand for them when increasing the demand for them, their price is raised, and when the demand decreases and the sale is increased by the investors decreases because their number is limited so they rise and decrease quickly and you must follow the rules in order not to risk them And losing some money and thanks

[asmar33 413]

Well, dear dear, the cryptocurrency is a digital currency that is worked out through trading and investment. That is, it is an intangible currency that will be via the Internet and has many types. It will have a promising future.

[lanaahmad 338]

 

I will answer what I know first cryptocurrencies are digital currencies that are traded through the digital bank around the world almost can be earned in many ways through publications and posts for example are these sites have pros and cons of course some thefts can occur when not careful but safe I see that it has a great future, especially in the age of technology and work from home

Edited April 7, 2021 by lanaahmad

[Alaa18495 581]

The coded currency is an electronic currency that allows you to work on it via the Internet and is used by many people around the world and has become profitable to many, the most important of which is the bitcoin, which is growing in value day by day

[abohasnn9 2401]

Thank you, dear, for this wonderful article. Right, miss. I will answer you all about cryptocurrencies with a simplified explanation. In general, cryptocurrency is written currencies, a digital binary system and encryption, the hex system is the cryptocurrency as its structure.  Water in the Bitcoin currency, therefore, it is a very safe currency and it is the financial and economic system for the future. Financial all over the world Thank you very much

[Joker g 180]

By devoting time to Cryptotalk and studying different topics from different sections, we can gain a lot of knowledge about cryptocurrency and also earn money by publishing posts here.