Cryptocurrency Questions And Answers
If you’re just sinking your heels into the wild world of cryptocurrency, you likely have a lot of unanswered questions. For beginners especially, the ever-growing mound of crypto information available on the internet today can be overwhelming.
Then sifting through which information is legit amongst all the clever sales pitches and the outright scams – it’s time-consuming and can even be a little alarming at times
But the crypto market has shown phenomenal growth since its inception in 2009 and getting your piece of the pie may be easier than you think, especially if you are looking into ways to earn smart passive income. To simplify the onboarding process and paint a clear picture about the world of crypto so you don’t have to spend hours each night down the rabbit hole, here are answers to the most frequently-asked questions about cryptocurrency.
8 Frequently-Asked Crypto Questions
What is cryptocurrency? Cryptocurrency is a decentralized type of digital currency that exists virtually and cannot be counterfeited or double-spent. In other words, it is another medium of exchange. While we are not yet at the point in history where it is fully adopted in the mainstream and you can’t exactly pull out your phone and pay for things with crypto anywhere you go, we are on track to get there, especially considering some countries are adopting cryptocurrency as legal tender.
What does decentralized mean? This means the industry and digital currency are largely unregulated. The bad news is this makes the market rife with scammers. The good news is, that no government entity or company can inflate or deflate the value of your crypto (as we are seeing with inflation) or enforce unseemly rules and regulations as is the case with traditional investment methods.
How many cryptos exist? As of early 2022, there are over 18,000 cryptocurrencies in existence. But as you’ll learn, not all cryptocurrencies are created equal and some are wiser investments to make than others.
How do you buy crypto? Buying crypto is not dificult: all you need to do is open an exchange account and convert your fiat currency – that is whichever currency you are using to invest – into crypto where you can start trading.
How safe is crypto? As a whole, crypto itself is safe and in many ways, more infallible than the American dollar. The risk comes when you don’t follow crypto security best practices which leave you vulnerable to hackers and ransomware attacks that can take you to the cleaners if you aren’t careful.
What is the blockchain? Blockchain is the digital ledger that records every single transaction in the cryptocurrency market. It can never be deleted, changed, manipulated, or inflated. This infallible record book doesn’t miss a beat and documents every single occurrence within the cryptocurrency industry. The combination of cryptocurrency and the blockchain make investing a great opportunity.
Do I have to pay taxes on any money I earn in crypto trading? Yes. Unfortunately, Uncle Sam wants his cut of any income you earn. The good news is, if you owe taxes on crypto earnings, you added personal income you didn’t have before. Good job!
What or who controls crypto? The short answer: nobody, which is one of its greatest selling points. Crypto is a breath of fresh air and a welcome reprieve from government or financial watchdogs taking their cut, or adding hefty fees to use, trade, or withdraw your own money.
I answer these questions and more in my five-part cryptocurrency series. Subscribe now so you don’t miss an update. If you are a beginner looking to learn crypto trading, The Plan by Dan Hollings is a great starting point for anyone.
A User-Friendly Crypto Plan for Beginners That Works
Did you know there is a low-effort, high-return crypto trading program that not only helps beginners earn big, but teaches and mentors them every step of the way?
Dan Hollings, trendspotter and marketing guru responsible for the upward mobility of 20,000 Amazon highly successful sellers, cracked the code for crypto bot trading. He uncovered the sweet-spot settings over the course of 3+ years where he tested over 10,000 automations and blew through $5 million doing it. What came out the other side is The Plan; the top rated cryptocurrency course for beginners.
It’s as simple as learning the program (in about 12 hours) and using your knowledge to to start up your crypto bots (using Dan’s sweet-spot settings) and letting the bots work for you behind the scenes while you carry on living your life.
Get More Information on The Plan by Dan Hollings And Start Earning Smart Passive Income From Trading Crypto
Due to extremely high demand, registration for The Plan is only open a couple of times a year. Depending on when you are reading this there may be an upcoming LIVE webinar training that you can attend. Please CLICK HERE for the latest information on when the doors will open again and if a free webinar training is happening soon.
In the meantime you can also read the Official Review of The Plan by Dan Hollings here.
The Expat Entrepreneur
Online business expert with a unique approach to matching people and their resources with the best business model to offer that individual the highest chance of succeeding. She is also a crypto enthusiast and investor and is a skilled digital marketer who promotes programs and services that she has personally vetted to her inner circle.
DISCLAIMER: The information provided on this channel does not constitute investment advice,
financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is for educational & entertainment purposes only and is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is a high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
The links on this page may be affiliate links which means if you click them we may receive a commission for referring you to a product or service – at no extra cost to you. All recommendations made are on products and services that have been personally vetted so you can be sure that anything recommended here is top caliber in its class.