Quote from: pooya87 on May 30, 2018, 04:54:35 AM

Quote from: jamisky on May 29, 2018, 04:18:55 PM

Cryptocurrencies are primarily used to buy and sell goods and services,

the goal of a cryptocurrency is this and their function should be as a currency. but their primary use is not at all as a currency.
bitcoin is different. bitcoin is the one and only cryptocurrency that is actually used by millions of merchants as payment and millions of dollars is changing hands this way. the rest is the traders.
but when it comes to altcoins they have no usage.

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They possess no intrinsic value in that they are not redeemable for another commodity, such as gold.

when something is a currency you can use it to "redeem" anything including gold. and intrinsic value has nothing to do with that. Franky explained it better.

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Unlike traditional currency, they are not issued by a central authority and are not considered legal tender.

bitcoin is not issued by a centralized authority but it is a legal tender in many countries.

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I need help in understanding the crypto market and investment advice in order to invest effectively on bitcoin market

the questions you asked have nothing to do with wanting to invest!
investing is a very different story, for that you want to make profit not use them as a currency or know their value,.... for investment you can even buy one of those "crap coins" that was mentioned above and make a lot of profit.
understanding the market is not something that can be taught in a comment though.

Thank you very much for your input . I have a clearer understanding now