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.

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