Cryptocurrency how it works

Cryptocurrency how it works

Papa, what was the world like before Bitcoin? Just kidding. But you can be sure these kind of questions will be eventually asked one day.

So you wanna know how cryptocurrency works? Are you a complete beginner? You heard about Bitcoin in the news and you wanna catch up? Let’s dive right in.

We trade cryptocurrencies since 2018. We’ve seen it all. And we were lucky to witness the incredible price action of Bitcoin during 2020. Now the market is in correction and we are stacking up, because everything is cheap.

What is blockchain

The blockchain. It’s nothing else than ledger. It contains records of transactions. Blockchain is distributed into thousands of computers worldwide. These computers validate transactions and mine new blocks. They get rewarded by the given cryptocurrency. And that’s it. Easy, right?

Let’s cut the middlemen, we don’t need them anymore

Of course there’s much more to it, but this is all you should remember. This is all you should know about how cryptocurrency works, because then you will realize its incredible power. Let’s say you want to send money to your family abroad. You will pay fees. Let’s say you want to pay new pair of shoes using your credit card. You will (again) pay fees. The old system is simply based on middlemen, who controls (and can censor) transaction. Right now ledgers are centralized, they are in banks. And we (of course) hate banks, because they enslave us, they inflate our money so in the end of the day we have less money to spend.

Crypto is not for nerds and geeks (anymore)

Cryptocurrency is revolution. It’s the internet money. We finally made it to the point, that someone was so pissed (sorry for lango) and created this (still) new technology. At first only the smartest realized what implications it has for the world. They are millionaires now. Maybe even billionaires. They mined Bitcoin when it had zero value. Not long ago the value of bitcoin was more than 50K USD. Imagine having dozens of these bitcoins in your wallet. However cryptocurrencies are no longer just for nerds and geeks.

Now you know and knowledge is the ultimate power

Now you know how cryptocurrency works. Next thing is to invest into this game. And for that reason we recommend reading our article crypto to invest in. You will learn some names. Also check out our article cryptocurrency for beginners. Thanks to our free website you will learn everything you need to know in order to invest into cryptocurrencies. You’re welcome!

Do you have questions? We will help you!

Do you have questions? Feel free to contact us. Drop us email at info@cryptotraders.tech. We will be happy to help. Just please be patient, we receive so many emails, that it takes some time to process them.

Millions of ordinary folks managed to get rich in one generation.

Are they smarter than you? No.

Were they luckier than you? No.

The only reason why they have more money than you is that they followed the plan. They invested money.

And you can do that too.

What’s stopping you now from taking some money and investing into some of the cryptocurrencies we mentioned?

Don’t wait and invest now
If you decide to invest, do it now, because there are countless opportunities every day. You don’t want to miss that. And if you really invest, trust me, that the only problem you’re gonna have, is that you haven’t invested more. Sounds fair? Find out more about cryptocurrencies that are worthy of your attention.

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