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What is cryptocurrency?

Cryptocurrency is a form of payment that can be exchanged online for goods and services. Cryptocurrency gained it's rising popularity when the price of Bitcoin started increasing rapidly. Before Bitcoin became a success one could purchase it for just $0.03 but now that price has sky rocketed to well over $30,000.

Cryptocurrencies works using a technology called blockchain which manages and records transactions. There are well over 10,000 cryptocurrencies in existence but in terms of price and popularity Bitcoin surpasses them all which has led the masses believe that Bitcoin is the only Cryptocurrency.

Because of the popularity cryptocurrency has gotten people have quit their jobs and are living solely on the profits they earn from holding these cryptocoins.

An advice to anyone who decides to venture into cryptocurrencies.

1. Do proper research

2. Find crypto currencies that have low prices but potential to grow higher

3. Purchase them as soon as you possibly can

4. Let it's price increase and sell them at a profit

Content created and supplied by: Renny_News (via Opera News )



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