You must understand the risks of cryptocurrency before you start trading.

 

by Suthep chaviwan

 

Many people including the new crypto enthusiasts will certainly have questions in their minds why Satoshi Nakamoto, the bitcoin creator, has created the bitcoin. And what were his original purposes? While others have understood it.

 

Nowhere in the nine pages of the white paper of the bitcoin has encouraged the users to be the speculators, trading and investing with the hope to be a crypto whale, and being a millionaire overnight.

 

Bitcoin was created as a way for people to send money over the internet and the digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.

 

As we know, Bitcoin was launched in 2009 by someone (or a group of people) that goes by the pseudonym Satoshi Nakamoto, it was created in the wake of the 2008 global financial crisis as a way for people to control their money themselves, without having to rely on companies, banks, or governments and their fees and controls.

The nine-page white paper of bitcoin which I attached https://bitcoin.org/bitcoin.pdf will answer your doubts.

In Nakamoto's original proposition on Bitcoin, he wrote, "What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.

 

He had likely envisioned Bitcoin to be a token of transaction that would be widely adopted by the world to protect against inflation.

 

To date, it is unclear if the name Satoshi Nakamoto refers to a single person or a group of people. Several people have claimed to be Satoshi, the true identity has never been verified nor revealed, the genuine Nakamoto may be a woman, nobody knows, what we know is bitcoin, the great work. And according to the report, as of 2021, about 106 million people around the world use cryptocurrencies, and about 46 million among these people are Americans.

 

Today, there are so many cryptocurrencies and 1,583 of them are listed on coinmarketcap.com or more than all the different types of fiat currencies in the world.

 

It is reported that some alternative coins are better than bitcoin in their financial technology (fintech).

 

However, the top cryptocurrencies to invest in today are listed by the crypto experts below and you can make your decision.

 

Bitcoin (BTC)

Ethereum (ETH)

Solana (SOL)

Cardano (ADA)

Dogecoin (DOGE)

Yearn. finance (YFI)

Polygon (MATIC)

 

Cryptocurrency investment can take many forms, ranging from buying it directly to investing in crypto funds and companies. You can buy cryptocurrency using a crypto exchange or through certain broker-dealers.

As to the risks of trading this digital cryptocurrency, you know that they are mainly related to its volatility, high risk, and speculative. You must understand the risks before you start trading.

 

Suthep Chaviwan. Feb. 1, 2022.

https://bitcoin.org/bitcoin.pdf

 Ingenious Ways to Make Money with Cryptocurrency

Suthep Chaviwan/ March 5. 22

Everybody may think, plan and map out the financial strategy and also how to make stable passive income, from cryptocurrency. Earning passive income more than active income, and becoming a millionaire from cryptocurrency.

As all of us know, there are two main types of income; passive and active. 

Passive income includes the money earned from interest, dividends, and rental property, while active income includes hourly wages, salaries, and commissions.

It is always possible to earn passive income with crypto, but returns will depend on the method chosen and the amount of crypto you have to start. Given its volatility, there's no guarantee that any crypto strategies will deliver any returns.

If you want to become a bitcoin millionaire, and you ignore the bitcoin bubble, you can either mine bitcoins or trade them on an exchange.

Investing in crypto might be lucrative — especially if you invest at the right time. Many investors have done well with cryptocurrency, and you may end up having the same experience.

But some of you may have questions to ask which cryptocurrencies will make you a millionaire as there are many cryptocurrencies. 

The simple answer is that you have to study first, studying including the white papers of each crypto before investing and becoming a millionaire.

You can also study how to Earn Passive Income with Cryptocurrency. You may also consider the following top 5 currencies which are popular and will make you with millionaire-maker potential in 2022, or nine months from now.

1. Bitcoin (BTC), the original cryptocurrency: Market cap: Over $846 billion

2. Ethereum (ETH) Market cap: Over $361 billion

3. Tether (USDT) Market cap: Over $79 billion (stable coin)

4. Binance Coin (BNB) Market cap: Over $68 billion

5. U.S. Dollar Coin (USDC) Stablecoin: Market cap: Over $53 billion.

Details of these cryptocurrencies are available by searching at Google where you will find the best crypto websites with reliable, relevant, timely content.

As with any investment, it must prepare you to lose what you put in when investing in crypto.

Suthep Chaviwan:

Warnings: Although Cryptocurrencies are the hottest business issues for making money, they are high-risk investments. This is because they are so volatile, often fluctuating by huge amounts within a short period. Ending.