• All about cryptocurrency for beginners
• All about investing in cryptocurrency

All i need to know about cryptocurrency

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Cryptocurrencies are fungible, meaning the value remains the same when bought, sold, or traded. It is not the same as non-fungible tokens (NFTs), which have fluctuating values dependent on many variables, such as the digital asset it’s attached to. The market capitalization of crypto depends on the number of coins in circulation. Although the cryptocurrency market is not heavily regulated by the US government, they are taxable assets. You’ll need to file any profit or loss with the Internal Revenue Service (IRS).

All about cryptocurrency for beginners

Cryptocurrency traders pay close attention to the support levels of an ascending trendline, as they indicate an area that helps prevent the price from dropping substantially lower. Likewise, in a downward-trending market, traders will watch the sequence of declining peaks to connect them to a trendline.

The strength of any support or resistance levels and their resulting trendlines increase as they reoccur over time; therefore, traders will record these barriers to inform an ongoing trading strategy.

As books on cryptocurrencies are a relatively new category, the prices can vary quite a lot, depending on if you wish to purchase a new or a used version. Usually, the prices also depend on which retailer you buy them from, and for crypto books, Amazon is your best bet. Price points range between $15 – $30 for a new hardcover version, while kindle and audiobooks often come cheaper.

All about investing in cryptocurrency

While buying cryptocurrency is a major trend right now, it’s a volatile and risky investment choice. If investing in crypto on an exchange or via a broker doesn’t feel like the right choice for you, here’s are a few options to indirectly invest in Bitcoin and other cryptocurrencies:

It can take a lot of work to comb through a prospectus; the more detail it has, the better your chances it’s legitimate. But even legitimacy doesn’t mean the currency will succeed. That’s an entirely separate question, and that requires a lot of market savvy. Be sure to consider how to protect yourself from fraudsters who see cryptocurrencies as an opportunity to bilk investors.