How to Make Money Trading Crypto currency
I will be teaching you how to trade profitably the OPUSDT trading pair. Before that let's start from the basis
First of all introduction.
What is Cryptocurrency?
Cryptocurrency is a digital currency that uses cryptography for security it is not controlled by any government, institution, or individual. It simple words it is an alternate for money in your bank account.
Here are some key properties of cryptocurrency:
1. Digital: Cryptocurrency is only available in digital form, unlike traditional fiat currencies like the Naira, dollar or euro.
2. Decentralized: Cryptocurrencies are not controlled by the central banks, governments, and other financial institutions.
3. Cryptography: Cryptocurrencies use advanced cryptographic techniques, such as encryption and hashing, to secure transactions and control the creation of new units. Don't let these big words spin your mind. I will make this as simple as possible.
4. Limited supply: Most cryptocurrencies have a limited supply of coins or tokens, which helps to prevent inflation.
5. Fast international transactions: Cryptocurrencies enable fast and secure transactions across the world, without the need for banks.
How does Cryptocurrency work?
1. Mining: New cryptocurrency coins or tokens are created through a process called mining, which involves solving complex mathematical problems. Most people heard about Hamstar, Notcoin and loads of other telegram bots.
2. Blockchain: Transactions are recorded on a public ledger called a blockchain, which is maintained by a network of computers around the world.
3. Wallets: Users store their cryptocurrencies in digital wallets, which can be accessed through software or hardware.
4. Transactions: Users can send and receive cryptocurrencies using their wallets and the blockchain network.
Examples of Cryptocurrencies
Some well-known cryptocurrencies include:
1. Bitcoin (BTC) the first and biggest
2. Ethereum (ETH)
3. Ripple (XRP)
4. Litecoin (LTC)
5. OP (Optimus) this is the coin we shall be trading with.
I am presently working on this write up, stay tuned or drop a message for full information.
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