The practice account
or
Crypto trading
A lot of people haven't taken the time to learn what a public ledger transaction is so they have trouble comprehending how this technology is going to change the world. I still hear people saying they would never invest in stocks, too risky. I remember the practice account days, learning new stuff can be daunting. In the crypto-world the perils are very real, your money could easily be lost. The number of dollars that have been stolen in crypto-land is astonishing. Every day someone loses all the money they had in their crypto-account because of poor security practices. Use 2FA if you have a crypto-account. Use strong passwords. Use unique passwords. Don't download new software (wallets etc..) until it has been vetted by experts. Don't believe what you read, do some research and get involved before you buy any crypto. All that said, you can use a small amount of fiat to open a crypto account and practice trading with cryptocoins that are worth next to nothing. This exposes you to crypto-exchanges which are very different than stock exchanges. It will take a while to learn the players, the difference between SKY and DGB, why DASH is that price, what Bitcoin Cash is, why does Ethereum work the way it does, will DAPPS ever become a reality.
I have mined all the crypto I trade with, this option is available for the technically savvy. Once you have the crytpocoins in hand you can avoid the fiat process entirely by sending crypto to your crypto account and trading on a crypto-exchange. ETN is a cryptocoin still trading big BTC volume on Crytopia and still at 300 satoshis. I think it will go up again but that is just what I think.
Many people think Satoshi Nakamoto was actually a consortium of Asian companies that created the public ledger world. SAmsung, TOSHIba, NAKAmura, MOTOrola. It is just one theory, Satoshi has effectively disappeared. |
