TOP PRODUCTS

FAQ ABOUT Cryptocurrency

  • A cryptocurrency, generally defined, is an encrypted medium of exchange in the form of digital tokens, or ‘coins’. As of March 2022, more than 18,000 cryptocurrencies are in existence .
  • Unlike traditional currencies such as the U.S. Dollar or the Euro, no individual or a single entity is accounted for the operations or values of cryptocurrencies. Instead, they are distributed to decentralized networks empowered by blockchain technology, acting as a big ledger, and recording the flow of all cryptocurrencies. Therefore, it is nearly impossible to make counterfeit or double-spend transactions .
  • Cryptocurrency made itself known to the world by ‘Satoshi Nakamoto’ via the first block of Bitcoin on January 3rd, 2009. Since then, the cryptocurrency world has been growing non-stop, shrugging off all notoriety and infamy, then has officially ascended to become a global phenomenon and made a huge impact on the world’s economy. Due to such reasons, learning to trade cryptocurrencies is to catch up with the trend and grant yourself attractive profitable opportunities .

Cryptocurrency is one of the newest categories of the job market, sparking the high demands for the following careers:

  •  Finance Analyst: financial analysts excel in recommending attractive investments, developing trading strategies, and evaluating and managing risks while maintaining their customer’s trading portfolios.
  • Artificial Intelligence Engineer: also known as AI engineer, who is skillful at developing and programming AI with complex algorithms, including trading bots and cybersecurity to keep crypto-transactions out of harm’s way.
  • Research Analyst: a research analyst gets involved in researching the development and movements of the cryptocurrency industry to educate their customers so they can make better decisions.

Cryptocurrency is a must-know topic and worth learning if you are :

  • A serious trader, currently interested in crypto-markets
  • A passionate learner who is pursuing a crypto-related career
  • A curious beginner who targets a solid understanding of crypto-markets and making his first profit by trading cryptocurrencies

You may also find the following topics worth spending time on if you are into Cryptocurrency:

  • Bitcoin
  • NFT
  • Metaverse

  • cryptonomics
  • Understanding the difference, advantages, and disadvantages of crypto-markets over traditional markets
  • Observing movements of cryptocurrencies and putting them into context to make profitable decisions
  • The fundamentals of trading cryptocurrencies: how tokens differ from each other; when to enter and exit a trade

  • A solid foundation of understanding basic economic concepts and principles
  • Habits of keeping up with the movements and conditions of the cryptocurrency market
  • The willingness to learn a dynamic, ever-changing, technology-driven subject
  • A background or a degree in economics/ computer science is a plus, but not mandatory

Cryptocurrency is a broad topic as it involves understanding both economics and information technology to fully comprehend and digest complex topics. It would be a great help if you already have the knowledge and the background in the aforementioned fields.

  • Since learning about cryptocurrency can be extensively complex and beginner-unfriendly, an absolute starter will surely take more time to learn cryptocurrency than a passionate learner with a dedicated background.
  • If you are a complete beginner, you can easily find all-in-one cryptocurrency courses that provide the overall knowledge about cryptocurrency in other sections of this FAQ.

Related Articles About Cryptocurrency

VIEW ALL
Cryptocurrency

The Indispensable Guide to Fundamental Analysis and Technical Analysis

Fundamental Analysis and Technical Analysis are the two primary approaches in evaluating financial markets....
VIEW ALL
My wishlist Log inSign up