CRYPTOMARKET - WHAT IS IT

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How does crypto market work?


In recent posts I explained to you what crytpo is and on what is it build - the blockchain of course. Today it is time to dive into a little bit of details and get to know what is crypto market and how does it work.

Cryptocurrencies market are decentralized markets that allow people to buy, sell, transfer, store  or just spectate crypto flow. The fact that they are decentralized means that they are not controlled or backed by any higher authority or individuals such as the government. Instead they run across a network of computers. It means it is nothing like stock market, crypto market works on its own and is up and working 24 hours, 7 days a week, 365 days a year.



A good example of cryptocurrency market is 'Coinbase'. Coinbase is a secure online platform for buying, selling, transferring and storing digital currency. It works very  instinctively. It is  very easy to use and I would recommend it to everyone who is starting his journey with crypto.


 


It is all you have to know for now. This are the basics of theory about what is the crypto market. In the future we will focus more on what exact terms mean, I will explain to you what is: volume, market cap, FOMO, etc. We still have a lot theoritical knowledge to talk about. In the near future, after analizing each specific segment of the market, I will talk about how you can create your own wallet, what is it and why is it crucial, how you can buy crypto on your own, etc. Be sure to follow my blog at least weakly to don't miss out on any beginner - as for now - crypto knowledge. Thanks for reading and as always, wait for more posts to find out more about the future of money.

Komentarze

  1. englishdiary7 marca 2022 22:38

    The link you enclosed is the link to the Coinbase website, which doesn't offer much objective knowledge on how such markets work. Actually, parts of your post sound like an advert for Coinbase ('secure', 'instinctive').
    Also, the information you have is pretty superficial - we'd know that a "cryptomarket" is a place where you buy and sell crypto from the name itself.
    I suggest that instead of writing useless stuff like the last three sentences you focus on more in-depth description and explanation of the phenomena you write about.

    OdpowiedzUsuń

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