CRYPTOCURRENCY IN PLAIN LANGUAGE - Easy Read
I am going to make this so simple for you to get the basic
concept of cryptocurrencies. Don’t expect a long write up here. This is to
give you a reflection of this whole crypto thing. Are you ready? Let’s get into
it.
Cryptocurrency is a secured digital representation of the
money you use daily. Talk about the coin and notes you are used to depositing
and withdrawing from your bank. Simply its money.
The money we use every day for our banking is printed by the
central bank. The amount of the money in circulation in the economy is also regulated
by the Central Bank. On the other side, that is the reason why you see very new
notes in the system. New notes replacing old notes and further enhancing cash
flow in the economy. Believe me, it is expensive printing bank notes for use by
people. A big problem, which is why money is moving digital.
Unlike bank notes, cryptocurrencies are not controlled by a
central government, they are not printed and does not get old. It doesn’t have
unlimited supply but fixed in the amount that can be in circulation.
For example, denominations of a bank note may supplied
occasionally and will never stop. But for a Cryptocurrency, supply is limited
to a fixed amount, let us say 20million units. Which means, only 20 million
units will be available for use by the whole population of a country/world.
What happens then if a country’s population is beyond that
20 million units?
Simple, thanks to encryption cryptocurrencies are able to
disintegrate itself to various units to be used by lots of people. Talk about
sharing $1 to 15 people. It will be difficult to cut the $1 into 15 pieces to
be used by them. That is hilarious. The moment a scissor cuts the dollar bill,
it is useless. But cryptocurrencies are not like that, encryption enabled
divisibility allow it to be done. Each unit divided is unique and has its own
code as well as time stamped. This is what makes it hard to counterfeit.
So how come, cryptocurrencies have values and increases in value too?
Interestingly, their prices are as a result of demand and supply. Basic economics here. Higher demand over supply means higher values and vice versa. This is where the money is especially if you see a good cryptocurency early.
As I promised, I wasn’t going to make this lengthy for you.
Just take a cup of hot chocolate and be sure to read and expand your
understanding about this on my pages. This is a money making industry and you
need to get in and I am here to help.
 |
| picture from ehowportal.com |
See you at the top
Thanks so much for writing this article.This is probably the best one by far. Easy to understand and educate myself on cryptocurrency. Thanks a lot really appreciate you sharing this with us.cryptocurrency indices price
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----------------------
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* Public Sale Event
Session 1:
Session Supply: 100,000,000 PGOLD
BTC market: 25,000,000 PGOLD
ETH market: 25,000,000 PGOLD
VD market: 25,000,000 PGOLD
USDT market: 25,000,000 PGOLD
Price: 0.0425 USDT
Starting Time: March 19, 2020 06:00 AM UTC
Ending Time: March 21, 2020 06:00 AM UTC
Session 2:
Session Supply: 100,000,000 PGOLD
BTC market: 25,000,000 PGOLD
ETH market: 25,000,000 PGOLD
VD market: 25,000,000 PGOLD
USDT market: 25,000,000 PGOLD
Price: 0.045 USDT
Starting Time: March 29, 2020 06:00 AM UTC
Ending Time: March 31, 2020 06:00 AM UTC
* Project Introduction:
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Hardcap is 6M$
Softcap is 1M$
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Website Link:
https://backed-by-gold.com/
Telegram Group:
https://t.me/pyrrhosgold
Twitter Link:
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LinkedIn Company Link:
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LinkedIn Link:
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Medium Link:
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Pyrrhos Gold (PGold) Public Sale (IEO) on VinDAX.com Launchpad on March 19, 2020 06:00 AM UTC
ReplyDeletehttps://backed-by-gold.com/
* Public Sale Event
Session 1:
Session Supply: 100,000,000 PGOLD
BTC market: 25,000,000 PGOLD
ETH market: 25,000,000 PGOLD
VD market: 25,000,000 PGOLD
USDT market: 25,000,000 PGOLD
Price: 0.0425 USDT
Starting Time: March 19, 2020 06:00 AM UTC
Ending Time: March 21, 2020 06:00 AM UTC
Session 2:
Session Supply: 100,000,000 PGOLD
BTC market: 25,000,000 PGOLD
ETH market: 25,000,000 PGOLD
VD market: 25,000,000 PGOLD
USDT market: 25,000,000 PGOLD
Price: 0.045 USDT
Starting Time: March 29, 2020 06:00 AM UTC
Ending Time: March 31, 2020 06:00 AM UTC
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Hardcap is 6M$
Softcap is 1M$
* Project highlight:
We are the only cryptocurrency gold token that is really covered and deposited with physical gold! There is no fixed amount of PGold token, as soon as we store new gold in our safes, the amount of token is offered for sale on the various exchanges. PGold tokens are also burned should the amount of gold stored decrease. This ensures that the token price always remains stable. You have the possibility to exchange your token for real physical gold at any time. Send us your PGold tokens via the token exchange form and we will send you the physical gold, worldwide. No other coin or project offers this service!
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PGold has a different market strategy than most other tokens and projects. A long-term team that works to spread the token further and to establish it as the standard of gold-covered stablecoins. PGold offers its users and investors a special opportunity to purchase PGold at IEO with a special discount. The profit is used for project development and gold purchase. The tokens that are not in circulation are held in special escrow accounts, tokens are only released if the equivalent is held in physical gold. Stability and reliability is our main goal.
* Common Links :
Website Link:
https://backed-by-gold.com/
Telegram Group:
https://t.me/pyrrhosgold
Twitter Link:
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LinkedIn Company Link:
https://www.linkedin.com/company/pyrrhos-trust-company/
LinkedIn Link:
https://www.linkedin.com/in/tim-markus/
Medium Link:
https://medium.com/@pyrrhos
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ReplyDeleteOperation Phoenix – A Crypto Mining Service Designed for Profitability
Operation Phoenix is a mining platform active since the beginning of 2020, it is a very interesting Canadian project because it has a very different proposal from other mining companies.
The Farm has been developed and implemented in 7 years, they have a patent for the recovery and reuse of heat produced by miners, and thanks to this they are able to obtain mining at very competitive conditions.
They are very technical people, in these years they have collaborated with other mining companies to optimize their processes, they have recently decided to create a different product that would give the possibility to mine alternative coins through GPU.
Operation Phoenix has a very special offer compared to other cloud mining, customers are sold C-Units and not single hashrates like other competitors do.
What do these C-Units consist of?
By buying a C-Units you are entitled, for a period of time ranging from 1 month ( 12$ ) to 4 years, to a computing power on different algorithms on which the customer can choose to mine alternative coins daily.
One of the main differences compared to others is exactly this, altcoins mining.
Once purchased a C-Units you can choose daily to mine the most profitable coin at that time among the different coins available (new coins are added often), you can select the pool in which to mine and the wallet in which to receive them. Each C-Units is updated over time, all maintenance costs are included, its software is constantly improved in order to get more profit by increasing hashrate, supported crypto and eventually support new algorithms.
For example with a C-Units you can undermine coins like ETH, ETC, Beam, BitCash, Nimiq, Ravencoin, Metaverse and Bitcoin Gold.
Soon they will add : Expanse, Grin , Monacoin , Luxcoin , Zcoin and other coins
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Soon we will also introduce tools that will help customers select the most profitable coins.
Payments are regular also because they work in a different way from the various cloud mining on the market, the coins arrive in our wallet (the one you will have inserted in the panel) directly from the selected pool as they are mined, several times a day, another aspect that makes this company interesting.
You can pay with Paypal, crypto and bank transfer.
If you want to differentiate your investment in mining, this could be the right product.
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