The Book about Cryptocurrency №1. Second edition expanded

• Tether.

• BNB.

• USD Coin.

• XRP.

• Cardano.

• Dogecoin.

• Solana.

• TRON.

Bitcoin (BTC) is the first and most widespread digital currency. All subsequent ones appeared on its basis.

Ethereum – the authorship of the currency is attributed to Vitalik Buterin. It is one of the most popular cryptocurrencies.

Tether is a cryptocurrency token issued by Tether Limited, which claims that its value is 80 percent provided by the stock of U.S. dollars in bank accounts or its equivalent. The main idea of the developers of this token is to provide cryptocurrency market participants with an opportunity to use a stable digital asset steyblocoin, the rate of which is tied to the U.S. dollar exchange rate and does not experience such strong fluctuations as the rates of other cryptocurrencies. Tether is issued on the Omni Layer platform, which is an add-on to the bitcoin blockchain.

Cardano is a decentralized public cryptocurrency project, a third-generation platform developed in the Haskell programming language. The project solves the problem of fast and cheap creation of decentralized applications and smart contracts in a secure and scalable way. It entered the market in 2015.

Is it easy to work on the cryptocurrency market?

The purpose of this book is to tell beginners about the crypto market and show that anyone can earn money in crypto. You don’t need to have any special education for this, you don’t need to buy a super-powerful computer for this.

You don’t need a lot of money to start working with cryptocurrency. Your first investment can start from 100 dollars.

Judging by these criteria, yes, it is easy to work on the market.

If you come just to play and then, after losing money, come out disappointed.

However, there can be another way. It is easy to work on the market, but you need to be patient and invest your time in learning and studying the rules of the game.

But first, decide: for what purposes do you need cryptocurrency, what do you plan to do on the market? In general, it is useful to define your goals every time you plan something new in your life.

What can be the goals when working with crypto?

The goal is to save your own funds. To save them from inflation and denomination by the state. To do this, you can make a portfolio of the top 5 leading cryptocurrencies and not worry when bitcoin suddenly goes down.

The goal is to make a quick buck on cryptocurrency. This goal is both realistic and quite risky. Why? The market is alive, it has high volatility, the situation on it can change in a matter of hours, for this you need to constantly keep your hand on the pulse and review the portfolio of coins every day. One should also know the mathematical laws, according to which one should invest in a particular currency. The chances that a particular coin will take off a few dozen times are small. It’s like winning the lottery. Will you be lucky or unlucky? We answer: the lucky one is the one who enters the market professionally and makes a portfolio professionally. In this case «quickly» can be from half a year to a year. Not a month, for example, as some inexperienced hamsters dream about it.

The goal is to become a trader and manage other people’s portfolios. This is an excellent goal, it allows you not to spend your own money, but to take other people’s assets under management at once. However, before going into consulting and portfolio management, you need experience and successful cases.

Goals may change, and that’s okay. You may want to become a trader, realize that it is not for you, but leave some assets in bitcoins and ethers just in case. Or you will enter the market cautiously to have a look around, but in time you will get involved and learn a new profession.

They say that to become an ace, a pilot needs to fly an airplane for 10,000 hours. It may take less time to become an ace at cryptocurrencies, but at a minimum, it will take you a few weeks or even months to begin to understand market movements, keep your finger on the pulse, and see how media reports and tweets can move the market.

Your advantage over where we were three years ago is that you will gain a lot of knowledge many times faster than we did. Good luck!

Where can I find information on cryptocurrencies fast?

Do you want to be a successful crypto trader and react quickly to all market movements?

The first and most important skill you should acquire when working with cryptocurrency is the skill of working with information.

To work with information is to be able to search, analyze, study and record everything that is related directly or indirectly to your topic.

It is also the ability to check the information you see for validity.

The criteria important for evaluating any incoming information are: credibility, timeliness, and reliability of the source.

In the world of crypto-money, decisions need to be made quickly, and there are times when the situation with coin rates changes in a matter of hours. One careless tweet can both help a coin to take off and drop it.

!Our advice! Follow the official Twitter accounts for each cryptocurrency. Do not wait for this information to be processed by the media, translated into Russian and disseminated.

Where to get data on official websites, Twitter accounts and other important news?

First of all, we recommend that you bookmark https://coinmarketcap.com/ (https://coinmarketcap.com/)

This is a portal that accumulates all the information on the existing cryptocurrencies in the world.

Here you can see in dynamics, at what rate coins are offered, how many coins are actually on the market now, on which exchanges they are traded.

The site is convenient because there is a Russian version, it has a clear interface, and for each coin you can get comprehensive information: cost, dynamics, links to official sites, Twitter, etc.

Official sites for the most popular coins:

Bitcoin – https://bitcoin.org/ru/ (https://bitcoin.org/ru/).

Ethereum – https://www.ethereum.org/ (https://www.ethereum.org/).

Cryptocurrency forum – https://bitcointalk.org/ (https://bitcointalk.org/).

Pro Blockchain Media Project

YouTube – http://www.youtube.com/c/PROBLOCKCHAIN (http://www.youtube.com/c/PROBLOCKCHAIN)

Website – https://pro-blockchain.com/ (https://pro-blockchain.com/)

Telegram – https://t.me/Pro_Blockchain (https://t.me/Pro_Blockchain)

VK – https://vk.com/problockchain (https://vk.com/problockchain)

Twitter – https://twitter.com/PRO_BLOCKCHAIN (https://twitter.com/PRO_BLOCKCHAIN)

Important: To avoid phishing attacks, pay attention to the spelling of the site name and whether it has an SSL certificate.