Hello and welcome to the exciting world of Crypto Currency. This class will be your introduction the emerging universe of Crypto Culture and quite possibly the beginning of a new financial revenue stream for you. This industry has endless possibilities and is as cutting edge as the creation of the computer, the gold rush, the cell phone, or any of the amazing discoveries and inventions that have revolutionized humanity and the economy.
Here is where you learn the basics…
What is the blockchain? Blockchain is an incorruptible digital transaction record that cannot be duplicated, it can be programmed to record anything of value but its current predominant use is cryptocurrency transactions and storage. It is a public record of transactions that are verified by many sources but cannot be altered meaning the safety and authenticity of each transaction cannot be undermined.
We will also learn the difference between cryptocurrency and Blockchain. People hear the terminology together so often we will explain to you the difference and how they intercept and interact. Why cryptocurrency depends on blockchain and how blockchain technology is fundamentally changing the way financial transactions are carried out.
What is a cryptocurrency wallet a digital wallet is used to secure crypto assets or cryptocurrency, we will teach you how to set up your wallet and the various options for wallet storage, what sets each wallet apart, and what the difference between a bitcoin wallet and a third party wallet storage system is.
We will go through chart reading basics, as with stocks and learning market trends, cryptocurrency success is based on an individual’s knowledge of the product as well as the ability to interpret the current market trends, trends in each individual coin and the cryptocurrency trends as a whole. We will explain to you the basics of how to read and interpret charts, explain the difference in long term and short-term trends in the market, trend lines, what resistance and support is (supply and demand), moving averages, and trading volume. All terms you will want to familiarize yourself with in the crypto space.
Finally we will be covering some crypto terminology: