Just a few week ago a friend of mine was mentoring me on the dos and don'ts on crypto market. Then i decided to write about it and post it on hive platform to see people's candid suggestions and reactions on hive platform but only for me to end up being scolded at the end of the day by the authorities of the platform, that most of my content was gotten from somewhere that i didn't source properly, of which to some extent was true. So for this reason i have to go back to the drawing board to visualize what it take and what is obtainable before bouncing back to the platform.
On the main vein i didn't let the scolding stop me because am eager and willing to learn and write even at long run teach about cryptocurrency, better still start my own channel on crypto. This's because i see something interesting in cryptocurrency undermining the risk that come with it, Perhaps there is no business without risk. As a matter of fact i see crypto knowledge as a useful knowledge that will be beneficial at long run. A cryptocurrency analyst made it clear that crypto trading has just kick started. He made this statement to clarify people that think cryptocurrency will soon fade away.
What prompted my interest on crypto trading was an ad that pop up on a nollywood YouTube channel when I was trying to see a movie. Suddenly the ad pop up and was talking about how to invest on bitcoin. Then i ask a friend what is bitcoin and how does it work. At first he laughed at me and replied, so you don't know about bitcoin in this digital age despite your knowledge of computer and internet surfing. It was then that i knew something is missing. Then i became curious and repeated the question. What is bitcoin and how does it work? He then made me to understand that bitcoin is digital currency which operates without any central control or oversight of bank or government. To make it more interesting he then gave me the insight of crypto trading and explained the amazing benefit of the trading.
To understand the trading (crypto) vividly then i went to YouTube not for the sake of the nollywood movie this time but to seek what cryptocurrency is all about. In YouTube i discovered that there are a whole lots of Analysis concerning cryptocurrencies and it's trading. In the course of the Analysis i then found out that there over four thousand cryptocurrencies like Bitcoin, Ethereum, Litecoin etc. But Bitcoin is regard as the strongest and most relabel, that is why Bitcoin is mainly mentioned when it comes to cryptocurrency. In the course of the explanation it came to my realization that Bitcoin is very save because is encrypted. Meaning it is designed in codes which makes it difficult to hack. I also found that Bitcoin is secured with keys. When you create account on Bitcoin network which can be seen as wallet. The account is linked to two unique keys which are private and public keys, of which only you have the access to the private key that you sign which people can later verify via the public key on the platform, by people keeping track of Bitcoin transaction.
At the end of it all some terminology was discovered like, blockchain, ledger, miners to mention but a few. From my own findings, the bottom line is this. The future of currency is going to be digital.But to crown it all, my question remains. Is crypto trading gambling?. Cause a lot of people love it because of it's value and what they do while a lot still sees it as doomed to fail.
So what is your advice on cryptocurrency. IS CRYPTO GAMBLING???