| Advantages | Disadvantages | Earning | Types | Cryptocurrency |
|---|---|---|---|---|
|
Digital Wallet
What do you need before you start buying or mining for cryptocurrency?
|
Because its a very new and unstable market
why is cryptocurrency so volatile?
|
Through buying it off of secure websites
How is the majority of cryptocurrency obtained?
|
Bitcoin
What is the biggest type of cryptocurrency?
|
Yes
Does cryptocurrency normally involve a age limit?
|
|
Because you don't pay commission or fees
why does cryptocurrency have a low operation cost?
|
When you forget your password you won't get the money back. Also if someone has your password they can withdraw at any time.
why is storing cryptocurrency a problem?
|
Buy and hold, Buy and hold for dividends, staking cryptocurrencies, mining
Name at least two ways to profit off of cryptocurrency
|
Ethereum
What is the second biggest type of cryptocurrency?
|
It's still difficult to switch cryptocurrency into actual currency but some business take cryptocurrency as a payment method
How liquid is Cryptocurrency?
|
|
Decentralised system
how is cryptocurrency operated?
|
Because of it being so volatile the market is, it makes it a high-risk investment
What is the risk with cryptocurrency?
|
High powered graphics cards
What is a very important part of a computer mining setup?
|
Over 1600
Approximate how many different types of cryptocurrencies are available?
|
21 million
there is a limited amount of bitcoin. Approximately how many bitcoins is the limit?
|
|
because of how volatile the market is, it is hard for company's to accept the currency
Why is payment a problem?
|
New Zealand and Germany
What countries do not tax concurrency
|
Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin cash, Ethereum classic, Zcash, Dash, Monero, Dogecoin
Name at least 3 different cryptocurrencies
|
Technology that allows digital information to viewed but not copied
What is a block chain?
|
|
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