Why and how to get trained in cryptocurrency?

Although it appeared on the market at the end of 2000, it is only today, ten years later, that the cryptocurrency begins to make followers.

More and more quoted nowadays, it remains a not insignificant source of savings or income. But the domain of digital assets is not showing any signs of saturation and remains very encouraging to those who wish to invest immediately.

The cryptocurrency: source of gain or loss?

It is essential to keep in mind that the e-money has a particularly volatile value: it can be sold 100,000 XPF the unit at a given, but to fall again to 50,000 XPF the next day or, on the contrary, to reach 200,000 XPF. We say that digital assets are devalued or overvalued from day to day.

The power in stock exchange of a cryptocurrency depends on conditions, such as its faculty to be exchanged against goods or services, its degree of safety, its open source character, as well as its positioning in traditional monetary transactions, which is its tendency to be required by financial institutions and consumers.

To invest in digital assets of which the strength is currently high does not however guarantee short-term possible crashes. To know the essential bases regarding encrypted currency is then the best way to avoid any uncontrolled loss. This is a good time to move towards a portfolio, given a decline in the price of all cryptocurrencies since the beginning of 2018.

What is the biggest risk of investing?

As if you were starting any new activity, we advise you to take the time to understand before acting, especially when you invest some money. Because of the volatility of the cryptocurrency, also keep in mind not to invest more than you can afford.

Beyond favourable conditions on which you could miss out, or hypotheses of hacking on the Internet network, the risk the most usually identified during the manipulation of cryptocurrencies is, indeed, to lose, and a lot quicker. It is not enough to succeed in establishing a diversified valuable wallet if you do not know then how to proceed to make it fructify even further.

What are the advantages of the training?

If the virtual currency is not about to substitute immediately the legal currencies (would it do it one day), it holds all the same an important place within international exchanges. The market, in the process of regulation, offers numerous opportunities with the know how to reveal and exploit.

training will assure you to get all the chances to make it a success, through several fundamental stages:

  • understanding of the technology of the blockchain and the notion of cryptocurrency (functioning, interest, utility)
  • the discovery of the various existing digital assets (characteristics, power, potentialities)
  • the control of the operations of transfer of assets, trading (purchase / sale), of exchange and hold (safeguarding)
  • the learning of useful techniques to have a robust and secured wallet and to manage your investments in a promising way

Ledger Nano S - The secure hardware wallet