Cryptocurrency is a digital currency that uses cryptography to secure financial transactions. The first cryptocurrency, Bitcoin, was created in 2009 and introduced decentralized control through blockchain technology. Blockchain uses distributed ledgers to record transactions across multiple computers, making it highly secure. Since Bitcoin, other cryptocurrencies like Ethereum and Litecoin have emerged that enable smart contracts and global payments on open-source, decentralized platforms. While volatile, cryptocurrency trading on exchanges can generate substantial profits for knowledgeable investors willing to take risks.

2. Cryptocurrency:
Understanding the
Basics
Cryptocurrency is a digital asset designed to work as a medium of
exchange that uses strong cryptography to secure financial transactions,
control the creation of additional units and verify the transfer of assets.
But how does it really work?

3. The Evolution of Currency
1
Barter System
The earliest form of trade and commerce between individuals involved the
exchange of goods and services through barter, or the direct exchange of
one good for another.
2 Introduction of Money
Paper or coins began to serve as forms of money that represented the
intrinsic value of goods or services traded. Over time, money became
centralized, controlled by governments, and more disconnected from value.
3 Modern Currency
Nowadays, most money exists in digital or electronic forms and is under the
control of a centralized authority. Cryptocurrency challenges this traditional
system with decentralized networks and unparalleled security protocols.

4. The Birth of Crypto
The First
Cryptocurrency
Bitcoin was created in
2009 by an anonymous
person or group of
people using the name
Satoshi Nakamoto.
The purpose of Bitcoin
was to create a
decentralized currency
that could serve as an
alternative to traditional
fiat money.
The First Blockchain
The blockchain is the
underlying technology
that makes
cryptocurrency
possible. It's a
decentralized,
distributed ledger that
records transactions on
multiple computers at
the same time.
How Crypto is
Stored
Each block in a
blockchain contains
several transactions.
When a block is added
to the chain, it cannot
be easily changed,
making the blockchain
highly secure.
Cryptocurrencies are
stored in digital wallets
that are secured by
codes and keys.

5. The Evolution of Crypto
Ethereum
Ethereum is a
decentralized, open-source
blockchain-based platform
that enables the creation of
smart contracts and
decentralized applications.
It was launched in 2015
and has quickly become
one of the leading
cryptocurrencies.
Litecoin
Litecoin is a decentralized
digital currency that was
created in 2011 by Charlie
Lee. It's based on an open-
source global payment
network that is not
controlled by any central
authority.
Ripple
Ripple is a global payment
protocol that operates on
an open-source,
decentralized platform. It
was created in 2012 and is
designed to facilitate fast,
secure, and low-cost
international money
transfers.

6. The Rise of Bitcoin
Year Price per Coin Event
2009 $0 Bitcoin was created and
had no value.
2010 $0.003 The first recorded
Bitcoin transaction was
made.
2011 $4 The price slowly
increased and by the
end of 2011 it reached
$4 per coin.
2013 $1,242 The price of Bitcoin
skyrocketed, reaching
an all-time high of
$1,242.
2016 $600 The price had stabilized
around $600 per coin.
2017 $20,000 The price of Bitcoin
climbed to an
unprecedented high of
almost $20,000 per
coin.
Present N/A The price has fluctuated
since then, but many
believe that
cryptocurrency is the
future of finance.

7. Storing and Trading Crypto
Where to Store
Crypto
Cryptocurrencies are
stored in digital wallets,
either on a device or in
the cloud. These
wallets interface with
the blockchain,
allowing users to send
and receive
cryptocurrencies
securely.
Best Crypto
Exchanges
There are several
reputable crypto
exchanges, such as
Binance and Coinbase,
that allow users to buy,
sell, and trade
cryptocurrencies with
ease.
Making Money
with Crypto
While the value of
cryptocurrencies can
fluctuate greatly, those
who understand the
market and are willing
to take risks can
potentially earn a
substantial amount of
money through trading
and other investment
strategies.

8. Understanding Crypto Trading
1 Market Analysis
Succeeding in
cryptocurrency trading
requires a deep
understanding of the market
and its trends. Traders must
take the time to thoroughly
research their options and
analyze the data in order to
make informed decisions.
2 Technical Analysis
Traders also use technical
analysis to evaluate price
trends, identify patterns, and
determine the optimal time
to buy or sell
cryptocurrencies.
3 Day Trading vs HODLing
Day trading involves short term, high volume trades in order to take
advantage of small price movements. HODLing (holding on for dear
life) involves buying and holding onto cryptocurrencies for the long
term, with the expectation of significant returns over time.