Introduction to Cryptocurrency

 INTRODUCTION INto CRYPTOCURRENCY 


What is cryptocurrency? 

A cryptocurrency is a digital currency built on a block chain, and it's designed to help you make payments online seamless , amongst other things. It was first introduced into the world in 2013, by Satoshi Nakamoto.

What makes this quite different from other online payment platforms like PayPal, etc. is that crypto currency is mostly decentralized and is not governed by any central body or authority. This is one major difference.

The major cryptocurrencies in the blockchain world include: Bitcoin, Ethereum, DOGE, USDT, BUSD and other coins.


Some coins retain their original value as equal to the USD even with the market forces which only slight affect their value. These are called stablecoins (e.g USDT, BUSD etc) while others are generally referred to as altcoins (alternative coins). 


I will quickly mention several terms/abbreviations associated with the crypto space because we will be needing some of them especially for newbies :


*FIAT* = Normal currencies as spent in any country eg USD is spent in the USA, NGN is spent in Nigeria. 

*FOMO* = Fear Of Missing Out

*BTFD* = Buy The Fucking Dip

*CT* = Crypto Twitter

*ATH / ATL* = All Time High / Low

*FUD* = Fear, Uncertainty, Doubt

*KYC* = Know Your Customer

*NFT* = Non-Fungible Token

*ROI* = Return On Investment

*HODL* = Hold On for Dear Life

*DYOR* = Do Your Own Research

*DEFI* = Decentralized Finance

*HTF* = Higher Time Frame 

*LTF* = Lower Time Frame.

*P2P = Peer To Peer 

I will add more if required later. 

Comments

Post a Comment

Popular posts from this blog

3 BEST PRACTICES TO STOP PREMATURE EJACULATION.

3 BEST PRACTICES TO STOP PREMATURE EJACULATION. Premature ejaculation has been described as one of the most dreadful male dysfunction that has destroyed many relationships and unions. It is the phenomenon of a man “releasing” best known as ejaculating shortly after penetration. Several survey results have shown that PE affects not less than 40% of men world wide. The standard time duration during which premature ejaculation (known as PE for short) occurs depends on the perspective of individual partners. Ranging from 30 seconds to 3 minutes in general, most partners might not consider ejaculating after 3 minutes of penetration as premature. Others might do. All the same, PE occurs when a female partner has not felt the groove of sexual pleasure to any extent before the male counterpart ejaculates. She might not have reach orgasm not to talk of climaxing when such occurs. This is what I believe, described ejaculation vividly or what else do you think? The cause of PE ranges from
Read more

Make up to NGN38K Daily With Your internet enabled Phone Using OKX (or Kucoin) exchange Crypto Arbitrage Opportunity.

Image
Make up to NGN38K Daily With Your internet enabled Phone Using OKX (or Kucoin) exchange Crypto Arbitrage Opportunity. In this article, you will be guided through the step by step instructions on how to make NGN38K daily in crypto arbitrage with just your internet enabled mobile phone. The only golden rule as at the time of writing this article is that the minimum starting capital needed is at least NGN 1M You need not to worry even as a  beginner because you will be guided through the step-by-step process accordingly. This might be the best crypto arbitrage trading article you will ever see online of the recent time. Endeavour to follow through accordingly. How To Make NGN38K Daily With Crypto Arbitrage. NB: I WILL BE DROPPING A VIDEO ON THIS SOON EITHER ON MY BLOG, FACEBOOK OR WHATSAPP.  IT WILL ONLY BE AVAILABLE FOR MY FOLLOWERS/SUBSCRIBERS. Alternatively, I have the step by step guide below: I won't be explaining what arbitrage trading means. Simply follow up at  https://su
Read more

Plant that attract money, luck and positive energy to homes (Chinese Shui and the Jade plant).

Image
 Feng Shui While there's no scientific proof that a specific plant can attract money or luck, some cultures believe in plants like the "money tree" (Pachira aquatica) or "lucky bamboo" for symbolic purposes. It's important to approach these beliefs with a grain of cultural significance and not solely rely on plants for financial or luck-related outcomes. DYOR. Feng Shui is an ancient Chinese practice that involves arranging the environment to promote harmony, balance, and positive energy flow. It's often applied in homes and workplaces to enhance various aspects of life such as health, wealth, relationships, and overall well-being. Key principles include arranging furniture, colors, and objects in specific ways to optimize the flow of chi, or life energy, throughout a space. However, it's essential to approach Feng Shui with an open mind and understanding of its cultural and symbolic foundations. Basically, In Feng Shui, Jade plant ( Crassula ova
Read more