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What is the source of crypto currency?

  • Thread starter Thread starter Alexandoy
  • Start date Start date
I came to this thread looking for answers, however, it Looks like most of the people do not know how crypto currency is produced. They are talking this and that.
 
Alexandoy said:
I have checked in the internet that there are more than 1,600 digital coins or crypto currency. Do you know how the crypto is produced? If I will start with another crypto then what should I do about it, do I start selling to people in my network? It really puzzles me that there is a big number of crypto currency in the internet. That clearly means that those who are creating the crypto are earning from us.
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There are a lot of things we do not understand about computers and technology to be specific and cryptocurrency is one of them. so I do not know as well
 
I know cryptocurrency is created by people but I have never thought of how it is being created but I know it is a digital currency which is also known as electronic currency.
 
Alexandoy said:
I have checked in the internet that there are more than 1,600 digital coins or crypto currency. Do you know how the crypto is produced? If I will start with another crypto then what should I do about it, do I start selling to people in my network? It really puzzles me that there is a big number of crypto currency in the internet. That clearly means that those who are creating the crypto are earning from us.
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I think most of this cryptocurrency is design by some good technology designers,so you go on and meet one to design a coin for you and you brand a name on the coin and you start marketing online and before you know it people get to know it worldwide I guess.
 
There are controversial opinions as to the source of cryptocurrency. How it is made is still a question I am unable to understand. I just know people mine coins and ensure that there is enough of those before laughing it to the market
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There are controversial opinions as to the source of cryptocurrency. How it is made is still a question I am unable to understand. I just know people mine coins and ensure that there is enough of those before laughing it to the market
 
no one seems to know the source of all these coins that we are all running after. Those who have been said to create it didn't disclose much about it
 
I understand that some of them start like some projects or smart contracts, but they get more financial value whenever people indicate intereste in them and invest.
 
I think cryptocurrency is the idea of someone but about the source I can say it's from online. That's why it's not traceable and can't be easily altered. It's great innovation that is indestructible.
 
Cryptocurrencies dont just appear tonbe used as a means of exchange from the blue. Theybare been created by people with some levelnof caputal base to push tje coin to their desiered level
 
Before this time i used to be confuse about the issue of mining of crypto and how it is gotten.But i have learnt a thing or two on how the cryptocurency is been mined and eventually become popular.
 
What do you have to read is about the blockchain technology because that is when you have an idea of how cryptocurrency is produce and also each cryptocurrency have their own blockchain and that is what makes them unique from other cryptocurrency.
 
Sotherefore said:
What do you have to read is about the blockchain technology because that is when you have an idea of how cryptocurrency is produce and also each cryptocurrency have their own blockchain and that is what makes them unique from other cryptocurrency.
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There is a need for me to spend quality time learning about these crypto currency terms like block chain and the likes as I am not too familiar with them, and I believe it would be really helpful knowing about them..
 
Bookwormlux said:
There is a need for me to spend quality time learning about these crypto currency terms like block chain and the likes as I am not too familiar with them, and I believe it would be really helpful knowing about them..
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With block chain technology idea you will understand how crypto currency came into existence, and then you can research more about other things that is related to cryptocurrency which the block chain idea will expose you to. I think you should try this out
 
Sotherefore said:
With block chain technology idea you will understand how crypto currency came into existence, and then you can research more about other things that is related to cryptocurrency which the block chain idea will expose you to. I think you should try this out
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Cryptocurrency is an electronic currency which can be used as exchange and also be bought and sell, it grows as It gets popular and people buy and sell with it.
 
Sotherefore said:
With block chain technology idea you will understand how crypto currency came into existence, and then you can research more about other things that is related to cryptocurrency which the block chain idea will expose you to. I think you should try this out
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I am currently working on it and it is exciting getting to understand how everything works. Lack of knowledge about this make so many people to lose money.
 
Bookwormlux said:
I am currently working on it and it is exciting getting to understand how everything works. Lack of knowledge about this make so many people to lose money.
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Yes that's just how it work,ok since you are becoming interested in cryptocurrency do you think there will be a time in which you will consider trading of cryptocurrency ? Or you just want to know about cryptocurrency for yourself ?
 
Sotherefore said:
Yes that's just how it work,ok since you are becoming interested in cryptocurrency do you think there will be a time in which you will consider trading of cryptocurrency ? Or you just want to know about cryptocurrency for yourself ?
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I would surely venture into trading whenever I have acquired enough information, but right now I am not prepared and would rather take time to learn.
 
Bookwormlux said:
I would surely venture into trading whenever I have acquired enough information, but right now I am not prepared and would rather take time to learn.
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Okay even though you're taking time to learn it , are you a cryptocurrency investor ?because to me I don't see anything wrong with investing in cryptocurrency for long-term even when you do not have an idea of how to trade it.
 
Sotherefore said:
Okay even though you're taking time to learn it , are you a cryptocurrency investor ?because to me I don't see anything wrong with investing in cryptocurrency for long-term even when you do not have an idea of how to trade it.
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That is more like gambling and it is not going to bring good returns. One needs to understand the basics Even before investing in a coin.
 
I think the source of cryptocurrency is to make money from it and is very good business, a lot of people earn form investing on cryptocurrency.
 
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