“Cryptocurrency” is such a cryptic concept, isn’t it? Many people have difficulty understanding the technology that powers cryptocurrency, let alone how it works as an investment. Over the past decade, the worth of cryptocurrency has skyrocketed beyond many investor’s expectations. We intend to shed light on this concept. This beginner’s guide will teach you how to invest in cryptocurrency and how crypto works, should you decide it’s right for you. What Is Cryptocurrency? In theory, cryptocurrency is a virtual currency that’s held and distributed online. In reality, it’s a digital asset that may gain or lose value in a similar fashion to stocks and bonds. Whereas a cash currency incorporates paper bills and metal coins, a cryptocurrency uses a virtual “coin,” “token,” or “unit.” You can purchase a coin/token/unit from any company that facilitates cryptocurrency exchanges, and you can trade, buy, or sell with other people who own crypto—not unlike stock trading in corp...
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