Getting Started In Crypto
All you need to know to get started in crypto market from best exchanges to best coin for long term and short term trading perspective and when to Buy/Sell.
Disclaimer:
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We do not recommend that any cryptocurrency should be bought, sold, or held by you.
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What is cryptocurrency ?
According to Wikipedia A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems.
How to get started ?
Firstly, you would require an exchange through which you can buy and sell crypto currency. If you live in India, WazirX is a largest exchange in India you can download it through playstore, appstore and through there website. Now that you have download wazirx lets see how you can choose which currency to buy.
Which Currency To Invest In ?
Usually when we here about cryptocurrency the first thing that comes in our mind is Bitcoin, it is definitely a very good investment in long term but there are many more currency that you could get and earn a lot of money, obviously they all are very risky so lets look at some safe options Ethereum, Litecoin, Polkadot, Chainlink, Ripple, Cardano these all are very good fundamental projects which could be very profitable in long term.
When to Buy/Sell ?
Crypto Market is very volatile so you can not just buy any currency when you feel like buying, you first target the currency you want to buy then see how the market is going and how your targeted currency is reacting to it. If you have some basic knowledge of TA is could really help you decide when to buy or sell, remember never get on a moving bus or else you’ll get hurt (Don’t buy the peak and sell the bottom) i.e, don’t buy when you see the coin is pumping there maybe a case that is has already reached its high and the correction could really hurt your pocket. Remember Knowledge and Research is very important in this market
I will soon come with more blogs teaching you guys about Technical and Fundamental analysis for cryptocurrency.
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