Do you want to learn about something cool and futuristic? Something that could change the way we use money and make transactions online? Something that is not controlled by any government or bank, but by the people who use it?
Welcome to the Cryptocurrency Investing Campus at The Real World Andrew Tate. Here you will get to understand how cryptocurrency works, how to get started with it, and what are the best practices to follow. This is a risky market that has many types of scams, frauds, and misinformation out there and can mislead you or harm your financial situation.
What is Cryptocurrency?
Cryptocurrency or crypto is a type of digital money that you can use to buy things online or trade with other people. It’s not like the money you have in your bank account or your wallet. It’s not printed on the bills or created as metal coins.
Cryptos can be stored in a digital wallet on your computer or phone, and it’s protected by cryptography, which is a fancy way of saying that it uses math and codes to make sure no one can fake it or steal it. You can also store the wallet address (a long chain of characters) physically somewhere that you feel safe.
The first and most famous cryptocurrency is Bitcoin, which was created in 2009 by a mysterious person or group called Satoshi Nakamoto. Bitcoin is still the most popular and valuable cryptocurrency today, but there are many others, such as Ethereum, Litecoin, Dogecoin, and more. Each one has its own features, advantages, and disadvantages.
How does it work?
Cryptocurrency works on a decentralized system called blockchain, which is like a big public ledger that records every transaction ever made with that currency. Anyone can see the ledger, but no one can change it or erase it. That means that cryptocurrency is transparent, secure, and trustless. You don’t need a middleman like a bank or a payment service to verify your transactions. You just need the internet and your digital wallet.
What do we use cryptocurrencies for?
1. Use
If cryptocurrencies are not applicable, they won’t be valuable. Their most popular application is for online money transfers or payments.
Traditionally, you have to send your money to a bank, the bank will then send the money to a local bank of your recipient so they can receive it. The money is likely to be checked on, processed, and known about by third parties.
But with cryptos, you can send the money directly to the recipient within minutes, regardless of the country that you are transferring from and to.
2. Trade
Cryptocurrency is not just a way of online money transfer and shopping. It’s also an open market to invest and trade. The traders buy and sell cryptocurrencies hoping to make a profit from their price changes.
Crypto trading can be done on platforms called cryptocurrency exchanges, where traders can exchange one cryptocurrency for another or for fiat currencies (such as Dollars or Euros). Crypto trading can also be done through contracts for difference (CFDs), which are derivatives that allow traders to speculate on the price movements of cryptocurrencies without owning the underlying coins.
Cryptocurrencies are traded around the clock, unlike traditional markets that have fixed trading hours and holidays. This means that traders can trade at any time of the day or night, and take advantage of global events and news that affect the crypto market.
3. Invest
Cryptocurrency is an exciting and innovative technology that has the potential to revolutionize the world of finance and beyond. But it’s also risky and complex. It’s not regulated by any authority, so there’s no guarantee of its safety or stability.
It’s also volatile, meaning its price can go up or down very quickly and unpredictably. And it’s not widely accepted or understood by most people, so there are many challenges and obstacles to using it.
What will you learn about Crypto Investing in The Real World?
1. The basics of cryptocurrencies
At The Real World, you will start the course with lessons about the basics of Cryptocurrencies.
2. Common cryptos that you must know
You’ll get to learn about the popular or important coins that have influence over the whole market.
3. Create and verify your crypto trading account
We will show you exactly what platform you should be joining to trade cryptos. This helps you eliminate any potential scams and frauds from untrusted platforms.
4. Create your crypto wallet
Next, you will learn how to create, and protect your crypto wallet, which is the most important asset (it acts like your vault).
5. Crypto market analysis
You will have experts teaching, and mentoring on how to properly and smartly analyze the market, graphs, and predict potential outcomes based on data analytics.
6. When to buy, hold, and sell
We will also teach you when to buy, hold, and sell your coin, and when you need to stay still for the market to stabilize.
7. When to reinvest/retain your income
After making your first profits from investing in the cryptocurrency market, you need to reinvest or retain your money so you can grow your portfolio in a sustainable way.