{"id":3720,"date":"2020-09-14T10:53:14","date_gmt":"2020-09-14T10:53:14","guid":{"rendered":"https:\/\/www.webtechmantra.com\/?p=3720"},"modified":"2022-02-25T11:30:14","modified_gmt":"2022-02-25T11:30:14","slug":"salient-things-you-should-know-about-cryptocurrency","status":"publish","type":"post","link":"https:\/\/www.webtechmantra.com\/salient-things-you-should-know-about-cryptocurrency\/","title":{"rendered":"4 Salient Things You Should Know About Cryptocurrency"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you ever found paying cash directly to the one who provided you their service, easy and convenient, then chances are you will find cryptocurrency a highly comfortable way of dealing with payments.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As cryptocurrency is an exchange of value digitally without having any middleman involved in the transaction, it makes it an attractive option for those who just do not see eye to eye with banks\u2019 policies and ways of conduct.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, there are certain things that one has to know before they make the final decision of switching to this currency.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First and foremost, they have to look for platforms in their regions that deal with selling crypto coins. For Australians, <\/span><a href=\"https:\/\/swyftx.com.au\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">swyftx exchange<\/span><\/a><span style=\"font-weight: 400;\"> is a good option to get bitcoins.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then comes the storing of these coins. For this, you will have to download specific wallets either on your mobile or your system.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As you buy these coins, they are automatically stored in these wallets.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now you are all set to begin making purchases with them.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, and there\u2019s always a but, there are a few things that you must know about cryptocurrency, which are discussed below.&nbsp;<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_61 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.webtechmantra.com\/salient-things-you-should-know-about-cryptocurrency\/#Uncertainty\" title=\"Uncertainty\">Uncertainty<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.webtechmantra.com\/salient-things-you-should-know-about-cryptocurrency\/#Highly_Volatile\" title=\"Highly Volatile\">Highly Volatile<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.webtechmantra.com\/salient-things-you-should-know-about-cryptocurrency\/#Unethical_Use\" title=\"Unethical Use\">Unethical Use<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.webtechmantra.com\/salient-things-you-should-know-about-cryptocurrency\/#Total_Cryptocurrencies\" title=\"Total Cryptocurrencies&nbsp;\">Total Cryptocurrencies&nbsp;<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Uncertainty\"><\/span><b>Uncertainty<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When it comes to investing and trading in cryptocurrency, there seems to be a lot of uncertainty clouding the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As this currency has no regulatory standards of its own like a typical <a href=\"https:\/\/www.webtechmantra.com\/automated-trading-platform\/\">stock market<\/a>, therefore it is not easy to predict or trace growth patterns.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hence you are completely relying on your luck when you invest here.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, due to the current <\/span><a href=\"https:\/\/cointelegraph.com\/news\/decoupling-bitcoin-price-up-40-since-last-week-stocks-not-so-much\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">decoupling effect<\/span><\/a><span style=\"font-weight: 400;\"> between stock and bitcoin in which bitcoin value rallied impressively while stock remained unrecovered, this currency makes a good option for investment.<\/span><\/p>\n<p>Check here <a href=\"https:\/\/bitcointrader.ai\/it\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/bitcointrader.ai&amp;source=gmail&amp;ust=1612601532585000&amp;usg=AFQjCNGB4GijUKjorqeFL2xEW_8S6mlUEQ\">bitcointrader.ai<\/a> to place and execute cryptocurrency trades automatically after users open accounts and invest funds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Highly_Volatile\"><\/span><b>Highly Volatile<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Where volatility poses risks and limitations for investment, it also opens many doors of opportunity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cryptocurrency, over the decade, has proven itself to be highly volatile yet highly profitable as at one point its value would be extremely low, and at another, it would skyrocket and break all the records.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, be sure to keep this factor in mind while you decide to either invest in cryptocurrency or use for payments.&nbsp;<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Unethical_Use\"><\/span><b>Unethical Use<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">It is true that this currency has been a goto method of paying, among criminals and frauds but you should know that this is not all it\u2019s made for.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just like the fiat money, one can use it for deceitful purposes, cryptocurrency is also exploited for fraudulent activities and it must be easier with cryptocurrency as it provides complete anonymity.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yet, the currency is gaining popularity in the market and <a href=\"https:\/\/www.webtechmantra.com\/online-businesss-performance\/\">famous businesses<\/a> are turning towards it, again due to its easier processing.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So it is sure used for unethical purposes but it can as well be used by any common man.&nbsp;<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Total_Cryptocurrencies\"><\/span><b>Total Cryptocurrencies&nbsp;<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">We have been hearing about bitcoins for years now that most of the people are not even aware that there are at least 5000 cryptocurrencies out there.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Except for bitcoins, all the other cryptocurrencies are collectively referred to as altcoins.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you ever found paying cash directly to the one who provided you their service,<\/p>\n","protected":false},"author":1,"featured_media":3721,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1671],"tags":[56,597],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 Salient Things You Should Know About Cryptocurrency<\/title>\n<meta name=\"description\" content=\"If you ever found paying cash directly to the one who provided you their service, easy and convenient, then chances are you\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.webtechmantra.com\/salient-things-you-should-know-about-cryptocurrency\/\" \/>\n<meta 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