A loooooooooooot of people still do not get it 5 Common Misconceptions about Crypto Investing
Blockchain = Bitcoin
Bitcoin may have been the first technology to use a blockchain, but it certainly wasnt the last. In a nutshell, a blockchain is a growing list of records, called blocks, which are linked using cryptography. Or put even more simply, its a distributed database maintained by thousands of computers worldwide. (Scratching your head? You can take a deep breath here, youre through the tough part of this post.)
Blockchain has many applications, and there will be many more that havent been thought of yet. In addition to cryptocurrency, applications have real-life impact in areas such as finance, healthcare, government, property, etc. No wonder some people call it the new internet.
I cant afford a whole bitcoin, so I cant invest.
Most cryptocurrencies and tokens can be broken down into fractional parts. That means you can buy and sell less than 1 whole unit of an individual cryptocurrency. For example, the smallest unit of bitcoincalled a satoshi after Bitcoins creatoris one one hundred millionth of a bitcoin. If you invested one euro right now, you would receive 0.00031 bitcoin. Looks weird, right? Its quite common, though. You can actually own as little as 0.00000001 bitcoin.
So when we say you can start investing with as little as 10 euros, it really is that easy.
Crypto is all about making a quick buck
Its all too easy to get captivated by the enormous wealth some early crypto adopters have accumulated, especially after the bull run in 2017. But this is not to say that the ship has sailed. Since investing is a long-distance race, put on your running shoes and get out on the road! You never know - you just might be lucky enough to be part of the next bull run.
Please more educational articles Iconomi. nice
Blockchain = Bitcoin
Bitcoin may have been the first technology to use a blockchain, but it certainly wasnt the last. In a nutshell, a blockchain is a growing list of records, called blocks, which are linked using cryptography. Or put even more simply, its a distributed database maintained by thousands of computers worldwide. (Scratching your head? You can take a deep breath here, youre through the tough part of this post.)
Blockchain has many applications, and there will be many more that havent been thought of yet. In addition to cryptocurrency, applications have real-life impact in areas such as finance, healthcare, government, property, etc. No wonder some people call it the new internet.
I cant afford a whole bitcoin, so I cant invest.
Most cryptocurrencies and tokens can be broken down into fractional parts. That means you can buy and sell less than 1 whole unit of an individual cryptocurrency. For example, the smallest unit of bitcoincalled a satoshi after Bitcoins creatoris one one hundred millionth of a bitcoin. If you invested one euro right now, you would receive 0.00031 bitcoin. Looks weird, right? Its quite common, though. You can actually own as little as 0.00000001 bitcoin.
So when we say you can start investing with as little as 10 euros, it really is that easy.
Crypto is all about making a quick buck
Its all too easy to get captivated by the enormous wealth some early crypto adopters have accumulated, especially after the bull run in 2017. But this is not to say that the ship has sailed. Since investing is a long-distance race, put on your running shoes and get out on the road! You never know - you just might be lucky enough to be part of the next bull run.
Please more educational articles Iconomi. nice