Cryptocurrency Background

For a lot of people, the word cryptocurrency doesn’t mean anything, especially if they are not using the internet often. However, there are fewer and fewer of those people because we can see and hear about cryptocurrencies even in the news. So, what is cryptocurrency and what is the history behind it. Well, if you are interested in finding out those questions, then stick around because we will be covering the entire background of cryptocurrencies from day one when the first one was created. In case you are thinking about investing in these types of online currencies or even starting to mine them, then you should first know all the basic pieces of information and all that can be found right here.

We have done all the hard work and research for you, all there is left for you is to read this article and educate yourself about cryptocurrencies. Even if you don’t want to invest in cryptocurrencies, we recommend that you educate yourself because you will be hearing about them on the internet and news that is for sure.

History

When it comes to cryptocurrencies, the history takes us way back in time, the first foundations of cryptocurrencies date back to 1980’s when the “blinding” algorithm was invented. What this algorithm allowed people to do is make information exchanges between two parties. This is just the foundation of the e currency transfers and people called it the “blinded Money”. There are a lot of people who think they know about cryptocurrencies and they all say that Bitcoin was the first cryptocurrency and they are all wrong. There were several e coins that were used before Bitcoin. We can say that Bitcoin is the first of the modern cryptocurrencies because it first appeared in 2008 and the person behind it is called Satoshi Nakamoto.

The first public release of this coin was early 2009, people all around the world started exchanging and mining that currency. Just one year later, some other cryptocurrencies started appearing such as Litecoin. The first payments were actually possible in the late 2012 and the major merchant was WordPress and Microsoft. Soon after that other popular merchants started taking cryptocurrencies as a legitimate payment method for their services and products.

Miners

Some people only want to invest in these cryptocurrencies such as Bitcoin or Ethereum and they don’t even realize that there is another great way to get into them that is far more affordable. Of course, we are talking about mining, a process that allows people to mine these cryptocurrencies. The reason why it is called mining is that it is essentially the creation process of these currencies. To be able to mine some cryptocurrency, you will have to invest a lot of money into so-called rigs that are essentially a specially designed computer that has high-performance levels. Either way, you will have to invest money into this if you want to make a profit, you can simply buy currencies, or go the slower route and mine them.

Cryptocurrency Summerschool

If you are really interested in technology and you are good with computers, and you are looking for a new way to improve your skills, then maybe the solution lies in the cryptocurrency summer school. That’s right there are some specialized summer schools that will educate you about cryptocurrencies. Of course, some of you might have some knowledge about these currencies, but that is nothing compared to what you can learn in a school like this. There are some people who don’t understand why they would want or need to learn about cryptocurrencies, well, to be honest, you really don’t need to learn about anything, but you are doing it for your benefit.

The same goes for cryptocurrencies, that is something that you will have for the rest of your life. Nowadays, cryptocurrencies have been getting a lot more attention than ever before and that is because the prices have skyrocketed in the past year. Nobody ever expected them to reach the amount they have, and everyone was stunned by the progress. If you want to learn more about these specialized summer schools, then continue reading because we put a lot of effort into creating this article.

Professional Education

Finding a place or people who can really help you understand and learn everything there is about cryptocurrencies is not easy. Up until recently, it was almost impossible unless you had some first-hand experience with them. Even then, the people who invested into cryptocurrencies didn’t understand everything about them. There are a lot of people who just invest money without doing any research. That is never a good idea, especially if you are investing a lot of money, you should always need to know what you are getting into before rushing things. That’s why we recommend that you visit a cryptocurrency summer school if you are looking to invest or start mining these cryptocurrencies.

The best thing about these summer schools is that they offer professional education that you cannot get anywhere else. There are people with a decade of experience with cryptocurrencies who are ready to share their experience with you. there is not a better way for you to learn about the process of mining or the Bitcoin regulations. Of course, there are a lot more things that you will learn in this summer school, but you just have to be a part of it to understand it, we don’t want to spoil everything.

Simple Registration

If you decide that you want to attend this summer school, then we suggest that you start researching about it because you will need every little bit of help and information that you can get. The reason for that is because there will be a lot of people who would want to get into as well. As for the registration part, you don’t need to worry much, it is very simple to do it, you just need to follow the instructions and give your information. If you do make it into the school, you will be contacted, and you can start this amazing adventure that will take you to some places that you never been or dreamed of before.

What the Future of Cryptocurrencies Holds

No matter where you look, nowadays people are talking about cryptocurrencies all the time, some say that they hold the future and that investing is a very smart idea. Well, just how smart of an idea is it really to invest in something that most of you didn’t even know existed 2 years ago. The past year has been a very successful year for every cryptocurrency investor and miner because the prices of all currencies have increased significantly. A lot of people who invested right at the start and didn’t sell up until recently have become millionaires because the difference in price was so drastic, especially for Bitcoin investors.

However, Bitcoin is just one of the many cryptocurrencies that are available now, but people seem to know Bitcoin the most because everyone keeps talking about it. The main reason why everyone is talking about this particular currency is that the price of only 1 has reached a crazy amount of almost $20.000 in December of 2017. So, people who did invest right at the start even just a $100 are now millionaires thanks to Bitcoin. Of course, not everyone was so lucky, there were people who sold it when the price was $2.000 thinking they made a huge profit. Here is what the future of cryptocurrencies might hold for us.

Regular Paying Method

One of the things that every cryptocurrency investor is hoping for is that it becomes a regular way to pay for things. Of course, there are various locations and stores that offer the option of paying in cryptocurrencies such as Bitcoin, but there are still not enough of those places. What people are hoping for is that cryptocurrencies will be accepted all around the world as a legal way to buy things. there are some countries that don’t allow any type of cryptocurrencies and for people living there, it is a very bad thing because if they want to start investing or mining, they will be doing it illegally. The main reason why it is illegal in some countries is that people fear of it, they cannot control it and put their hands on it, so they rather not deal with it at all. We surely hope so that the situation will change in the future and that you will be able to buy anything that you want with any cryptocurrency.

Stability

If you take a look at any of the cryptocurrencies, you will see one thing that they all have in common and that is they are not stable. What we mean by this is that the price of them is changing quite rapidly. It cannot be compared to $ or £ because of the changes much more drastic. We can hope that in the future that will slowly stabilize. Of course, for people who invested, they would want to see drastic increases in the price because that will mean they made a huge profit. So, this stability can be both a good and a bad thing, depending on your standing point.

In Which Cryptocurrency to Invest

Everyone is talking about cryptocurrencies and crypto mining nowadays, but nobody really wants to share any detailed information other than they are making a lot of profit. If you want to invest in mining or a certain cryptocurrency, you will need to get some more detailed information. We are here to help you with that, to be more precise to help you decide in which cryptocurrency you should invest your money into. People keep talking and talking about Bitcoin, but not that many people seem to mention some of the other cryptocurrencies that are also available.

The reason for that is because the people who are talking about these currencies want to get your attention and the easiest way is to use the most powerful and expensive currency of them all. However, we think that you should definitely know about the other cryptocurrencies that are also available for investment because there can be some good investment options. In this article, we will be going through some of the most profitable investment options that you have with cryptocurrencies. So, if you don’t want to make the wrong choice, we suggest you read this article and follow the advice that we give.

Mining

If you are looking for an investment option that will constantly bring you money, then you need to look into the cryptocurrency mining. You might have heard about crypto mining before, but if you don’t know anything about it, we suggest you do your research. What crypto mining essentially is a process of mining these cryptocurrencies using a powerful computer called rig. Depending on what cryptocurrency you want to start earning, you need to build the right rig type. For example, mining Bitcoin requires some specialized machines that are very hard to find, but if you want to start mining, we suggest starting with Ethereum because all you need is some regular computer parts. The most important hardware part of this mining process is a graphics card, so you want to make sure you get expensive graphics cards that will do the job. Some of the top graphics cards for mining nowadays are the RX 580’s and the Vega cards.

Choose a Reliable Cryptocurrency

The one rule that you should follow when picking a cryptocurrency that you will invest into is to find one that is reliable. You don’t want to invest a lot of money into something that might be gone in the next few months. Things like that happen all the time, you need to find a reliable option such as Bitcoin, Ethereum, Litecoin, Dash or ZCash. The reason why these currencies are more reliable is that they have a solid background and they have been around for quite some time. it is completely up to you to choose the currency that you want to invest into, you can make the best decision of your life if that currency increases in price after you have invested. You just never know which one will be the next big thing.

Cryptocurrency Trading Tips

If you want to get into cryptocurrency trading, then we suggest that you read this article because we have prepared some very professional tips, tricks, and ideas that will help you succeed. If you don’t have any trading experience, then maybe you should start with something easier because, with cryptocurrency trading, you can easily lose a lot of money if you don’t know how to avoid rookie mistakes. Even if you are an experienced trader, you need some special training or guide that will help you understand cryptocurrencies because it is completely different from what you are used to. This is your lucky day, we will be sharing some pro tips with you, and all that you have to do is follow our instructions and you will be making money in no time. Here is a short list of some pro tips that we managed to gather.

Don’t Trust Patterns

One of the most common rookie mistake that beginners do all the time is they just look at the patterns in the graph. Of course, you have to take the graph in your final decision, but it should be the main or the only thing you are basing your decision on. The reason for that is very simple, cryptocurrencies are nothing like real money, they are far more unpredictable and that’s why there is so much risk at all times. You just never know what will happen in the next 24 hours, everything could just disappear into thin air.

Everyone thinks about cryptocurrencies as a very smart idea because they all believe it will only go up in price just like Bitcoin did at the end of 2017. Well, that is definitely the wrong mindset, you always have to be ready for failure, that’s what is going to make you do smart investments. If you think that the prices will go only up, then with that logic, you should be able to invest in anything and just wait for profit. As we said, you should watch the graph, but have some other information also.

Know When to Close a Trade

If you are a person who doesn’t know when the right time is to stop, then cryptocurrency trading is definitely not for you, especially if you are easily influenced by money.  People have been losing everything because they don’t know to quit on time. In some cases, people start to lose money and they still keep the currency because they so strongly believe that the price will go up again and in just one day, they can lose everything. Of course, this is not really a tip that you can use, but we hope that you will take this advice seriously and if you are not good at making a decision, don’t invest. You just have to put your foot down at some point. It is nice looking the price going up, but you need to have a set limit that you will follow and know when to cash out.