TRADING Wanna Learn How To Trade

TRADING

Wanna Learn How To Trade?

CRYPTOCURRENCY
TRADING

Everyone wants to earn free money. In this blog we'll be talking about how you can
make your money with cryptocurrency, So if you haven't already read the last blog,
check out our cryptocurrency blog.

You don't have to pay me, just watch me doing things that might help you and if you
have the mentality that “oh it is way too late and I will not be able to get in there as
well” but this is far from the truth, I think we are still in the developing ages of the
crypto. I have seen many people making hundreds and thousands of bucks by
investing in cryptocurrency. So the best thing you can do is to start now with
firststands.

HOW TO SELL AND RECEIVE
CRYPTOCURRENCY?

If you want to send money to someone you might use PayPal or Venmo, so these
app works very simply and includes the third person or known as banks, and we
hear everyday news that someone's bank accounts got hacked because there
are several entities that are not in our control.

But here comes the best part while doing transactions with cryptocurrency
there are no such threats. For example, bitcoin will provide you a set of
numbers and alphabets to your wallet known as a wallet address, that can be
used to do transactions which is the most secure method available on earth
believe us. as it's 100% in our control not under any other entity.

BLOCKCHAINS

We have talked about blockchain in short in our last blog. Now we are gonna talk about the
transaction process or called blockchain. Blockchain itself could be a very confusing topic but
the easiest way to explain is that it's just a database. Let's understand it in the step form:

1. A new transaction is entered.

2. The transaction is then transmitted to a network of peer-to-peer computers scattered across
the world. These are the people who are going to be mining these types of data so that this type
of transaction can go through.

3. This network of computers then solves equations to confirm the validity of the transaction i.e.
the user who is doing the transaction is capable of doing the transaction or not economically.

4. The transaction is complete.

5. These blocks are then chained together creating a long history of all transactions that are
permanent.

6. Once confirmed to be legitimate transactions, they are clustered together into blocks. And
this cycle goes on every time you make a transaction.

IS THIS POSSIBLE TO
GET FREE CRYPTO?

So there are a ton of companies out there that have created
platforms to trade cryptocurrencies. Many companies are
gonna offer you an incentive to sign up, for example coinbase
will give you 10 dollars, crypto.com is gonna give you 25
dollars for signing up. What we would recommend is signing
up in both because there are times when a platform will go
down, this doesn't just happen with crypto but also with the
stock market or with Robinhood. In this kind of situation, you
want to take your money in or out but you are not able to do
so, due to the shut down of the app itself. So we would
recommend you to use at least 2 platforms in case.

CONCLUSION

Now you know pretty much how to start investing in crypto
as a beginner. Everything that I said in this blog is evergreen
meaning what happens in 2021 is gonna be applicable in
2022 2023 2024, so no matter what time you are reading
this blog, it is still gonna be the same principle that will not
be going to change anytime soon. If you want advanced info
about trading, must read our technical analysis blog, contact
us on firststands.

About Firststands

Firststands gives the best business ideas and helps founders to launch,
manage and grow their business across the globe. Our business ideas
will help you build a more profitable business and take back control of
your life. We are business coaching and advising the community that
helped many business owners like you across dozens of industries to
rapidly scale your business, double your growth rate, and drastically
reduce your company’s reliance on you.we value time, freedom, and
lifestyle above all else. What's the point of growing a successful
company if you sacrifice your living and the things you care about the
most in the process.

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