What is Cryptocurrency and Why is There So Much Money Involved?

In today’s world, when it comes to investing, cryptocurrency occupies a well-deserved place in the financial panorama. I invite you to learn the basics of this fascinating world where understanding and profits go side by side. Welcome to my course, where learning trading means earning rather than just understanding the basics for the sake of it – after completing this course, you'll feel confident in the crypto market and achieve positive results in trading.

THE WORLD IS UNFAIR

1. THE DECEIT OF THE BANKING SYSTEM:

Let's start with the banking system.

Doesn't it seem, shall we say, a bit... unfair to us?

Doesn't it cause anxiety that you worked hard, earned your fair share of money, and at any moment the bank has the right to SNAP and take away your right to use YOUR OWN MONEY?

Let’s repeat this carefully.

The money is YOURS. YOU brought it and voluntarily put it in the bank. YOU provide this bank with liquidity. So, YOUR money goes into the bank’s general pool of money. They lend YOUR funds to other people and organizations, making a pretty good profit from it.

Do you know what you get from this? Nothing.

Moreover, you pay for card maintenance, huge transfer fees, and worst of all – the bank can block your accounts at any moment and compel to use YOUR MONEY the way the bank wants.

It's ridiculous, isn't it?

From the moment you deposited your money into the bank, it’s not really your money anymore.

There isn’t a vault with your name on it.

When you make a transfer to another account, no one in a suit comes to your vault, takes out 5000$, and puts them into Tom Frank’s vault to whom you sent the money.

You give up your hard-earned money, the bank manipulates it, makes a profit from it, and if you need to withdraw cash, you “can only take a certain amount, and for anything above the limit – pay a 5% fee.”

FOR TAKING OUT YOUR OWN MONEY!!! :))))

You may ask, “Why is it like this?”

Answer: Because it is.

2) THE FATHER OF CRYPTO: In 2008, someone named Satoshi Nakamoto posted an article on the P2P Foundation forum about the injustices of centralized financial systems. The main points of the article:

• We are exposed to inflation risks.
• Banks squander our money, creating waves of credit bubbles.
• We cannot rely on privacy.
• Banks share our data with third parties.

Along with the article, he attached a link to what is now known as “Bitcoin”:

“I have developed a new peer-to-peer electronic cash system called Bitcoin. It is completely decentralized, with no central server or trusted parties, because everything is based on cryptographic proof, not trust. Try it or look at the screenshots and project description…”

Thus, the first and only DECENTRALIZED FINANCIAL SYSTEM was born.

In short, the advantages of Bitcoin:

• It is the only asset in the world that BELONGS TO YOU AND ONLY YOU. It cannot be seized without your consent. No way.
• All transactions within the network are anonymous. Banks and financial systems cannot see who sent money to whom.
• Transactions can be made anywhere in the world.
• Extremely low fees. There was a transfer of 45,500 Bitcoins (approximately $20 billion). The fee for this transfer was just $6.50.
• A bank in your pocket. Yes, you literally carry a bank in your pocket. Anywhere in the world. Any amount. And convert it into any currency of your choice in any volume with just two clicks.
• Decentralization. Bitcoin has no directors, no marketing department, no central servers, no employees. The only way to destroy Bitcoin is to destroy the internet on the entire planet :)))
• Bitcoin is the father. Market capitalization – $1,556,951,513,482.
• All other cryptocurrencies follow Bitcoin. When Bitcoin rises, everything rises. When Bitcoin falls, the entire crypto market falls.

3) ALTCOINS:

In short, these are all cryptocurrencies that are NOT BITCOIN.

Did you think Bitcoin was the only cryptocurrency?

Just as there are different fiat currencies: Dollar, Euro, Yen, Pound, Peso, etc., there are also different cryptocurrencies.

As of today, there are more than 27,000 types of altcoins, and the number keeps growing every day.

A reasonable question arises: “What are these altcoins for?”

I’m thinking about how to answer this simply…

You need to understand a few points:

a) Any token is essentially like a share of a company in the stock market. For example, there is the largest crypto exchange Binance. Binance has its own token – BNB. By investing in BNB, you are essentially investing in the Binance exchange.

If the exchange grows and develops, explores new markets, and launches great projects, the token's value increases. If the exchange is banned by legislation, interest fades, and the exchange declines, the token's value falls.

b) Another token is a unit of account within a project. For example, there’s a project called Stepn where you can buy NFT sneakers, run in them, and earn money by running. The units of account within this crypto project are GST and GMT coins.

c) Tokens for crypto project developers are a way to attract investments at the early stages of development. They describe the project and offer tokens at a very low price. If the project really takes off, the token's value might increase 5, 10, or even 1000 times.

4) STABLECOINS:

This is very simple. These are digital analogs of fiat currencies (mainly the dollar). So it’s the same as the dollar, just digital. The value of a stablecoin = The approximate value of the dollar.

So when you sell crypto, you will sell it in exchange for a stablecoin. You’ll also buy using stablecoins. Then, if you want to withdraw your profit, you will convert the stablecoin into fiat money: dollar, euro, or any currency of your choice – you can convert it as you like)))

5) WHY IS CRYPTO NEEDED GLOBALLY?

You’ve lived your life and somehow missed this moment))

Cryptocurrency is the currency of the internet.

Roughly speaking, it is the people’s money.

Even more roughly, it is the main competitor to the banking system.

In the most blunt terms, crypto is a new type of financial asset. The most advanced of the currently existing ones.

Yes, in progressive countries, you can already use crypto as a means of payment. You can go into a store and buy anything you want. In some countries (like Thailand), you can buy real estate. In the UAE and Europe, you can easily find crypto ATMs, approach them, and exchange crypto for fiat.

But obviously, most people are more interested in how to make money with it rather than how to use it.

Spoiler: you can make quite a bit of money with it))

In this course, we will analyze every possible way to earn with crypto every day.

With examples, charts, proof – everything as you like ;) If you have already purchased this course and are watching this lesson with access to the following parts – then you made the right choice! This course was created by a trader who earns from cryptocurrency and will help you.

This was Mike from the Tradersview crypto channel.

See you in the next lessons!

If you want to mix theory with trading practice, book your spot in our course. I don’t know how others do it, but here you’ll be taught crypto trading by people who consistently make profits from crypto))\

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