Topic: Help me understand the cryptocurrency market (Read 664 times)

To effectively invest in the bitcoin market you need to study this topic completely, not in the words of other people. On the Internet there are articles on this topic, videos, stories. Watch the video "all about blockchain and bitcoin in 10 minutes".

there is no exact science in the world of bitcoin, it all depends on little and little analysis and there is no investment in the world of bitcoin.

Bitcoin issues are legitimate or not because many negative things make bitcoin invalid because there are no rules for using bitcoin and can't regulate it because the government is afraid that people are using wrong bitcoin but bitcoin is a breakthrough to make it easier for people to do your transactions and all because they haven't there are rules in each country.

In fact, the Cryptocurrency market is not difficult to understand, just as stock markets or real estate all over the world. You just have basic experience, a bit of assertiveness and a cold head. They will help you make the right investment in the future.

Everything can search along the internet and all have to do is to understand each of it. There is no more impossible things that you cannot get through it. People must have time to do that because not all are learn in just a blink of the eye. Sometimes your experience can teach you a good lesson that you cannot learn from anybody. Do not be lazy and depend on other people, make your own understanding about it.

your explanation is correct, and the crypto market is very fast, difficult to predict. You have to analyze volatility from all aspects that affect the market, sometimes the market cycle gives you profit and loss.

I think that taking advantage of a bearish market investment like today is very difficult, and chances are very small.

maybe short-term profit can be your choice.

I would suggest that before investing into the crypto market you should make a research about the birth of btc, how the things go into this market and have a knowledge about the general stock market, than you would have a lot of advantage while trading.

Almost all things are in the internet nowadays so there should be no excuses that we cannot understand the market, we should learn through studying and doing research from it, there is no easy money and there is no assurance that you can learn crypto market in just a day, it will take you a lot of effort and patience before you will finally understand it.

Today it is very easy to understand how the market runs. Anything you want to know you can search it because everyone already talked about it. There are lots of videos that talks about the market. There are experts who explains how to start as a newbie. And also you can do things by your own self. Just don't be afraid to try .

If you want to understand the whole system about the market then I must say you can start from blockchain because the whole system is running through this technology.

Cryptocurrency market is a place where you can learn lot of thing. This forum is very big place to learn so many thing about crypto market. You can observe crypto market six month to understand. You can take help from your friend who already involve with cryptocurrency.

Crypto market is not very small rather it is a huge market and it is not so easy to understand the full market you need to spend more time about this purpose and you can get help and also the answer of your questions from this forum.

I have chosen the right way because you can get maximum help from this forum and if you have any question you can ask freely and I hope you can understand the crypto market through this forum.

Cryptocurrency market is new thing and totally unpredictable so it's very risky if you're know nothing about it.
Beneath the risk, it's also have a great profit.

Yes, I've experience over 4 years, bitcoin is slowly but sure keep to the top !

If you want to understand the cryptocurrency market follow some Youtubers learn new thing follow daily news analysis chart learn about blockchain and cryptocurrency read all updates from new ICOs, follow social media etc. You easily learn cryptocurrency market.

I personally believe that you already have a firm knowledge on what cryptocurrencies are.

As for altcoins, there exist a number of them that is backed by a particular product such as virtual contents, precious stones, agricultural products and more. Some altcoins came to realize that it is easier to sell their tokens if it is backed by a certain product or services. So that's good news for people looking for assurance. Those type of cryptocurrency guarantees that you do get something in return in case you want to. So that's a good consideration for you to look at when investing.

You already understand the basics of electronic money.
Electronic money is like a traditional currency, basically. However, there are improvements over traditional currencies.
Electronic money was invented for the payment of games, but now it is of great value compared to flat currencies, so it is used for investment. Electronic money is also used as a low-tariff transaction.

Theres a lot of way to understanding cryptocurrency, you can learn it from books, article, news or social media. But, i think the most fun way to learn cryptocurrency is through social media like twitter, facebook, or the others.

You do not have to understand the whole system because nobody really understood it. If you believed in something you can invest and close your eyes for at least 2 years - and then you can talk. No matter what will happen, it does not have to affect your original idea - that what bring the peolple to panic - the worst thing you can do in trade market - sell or panic either is bad here.
So be sure to choose right at the beginning and always invest what you can lose and you have green light.
Do not trust anyone but yourself here.

The entire crypto market is very sustainable and volatile in nature and thus it has made its existence since more than a decade and then the valuation of each crypto is subject to valuation and it varies according to market demand and supply and more than anything these crypto currencies are very potentiate and has that fate that it can provide very good profit in a very short span of time so these crypto investment are the safest and the most beneficial one and I am sure that you would love it when you will start getting profit from these crypto.

    Cryptocurrency are digital assets that use cryptography for security . Cryptocurrency are used to purchase goods and services and they are not issued by a central authority and are not considered as legal tender . Buying goods and services takes place online and there is no need of identity to reveal  . One of the biggest benefit of cryptocurrency is there is no intermediaries in the transactions . Japan has legalized Bitcoin and also created a regulatory framework.to help the industry flourish .

You can follow the news about the crypto market every day on forums or the web. What you need to know about the crypto market is showing up in numbers.

in my opinion, the investment that I did was based on the belief in the existence of a blockchain that would be able to change the world
everyone will feel the benefits of blockchain and the first thing to remember is Bitcoin, and I have Bitcoin

The first thing you need to learn is about technologies such as blockchain.you also have to learn about the crypto market,its unpredictability and volatility,and you also have to learn to keep your private information safe as scamers are everywhere in the market.You also have to know that the price fluctuates always,when the prices are high we call it the "bull" market, when the prices are low as it is right now,its the "bearish" market.There Is a whole lot to learn,just stick around in this forum and you'll learn a lot,you can also surf the internet,to find out countries that has crypto ban and stuffs like that

yes, cryptocurrency price movements are unpredictable, even though there are always repetitive chart patterns but not completely similar events will recur, because basically the cryptocurrency price fluctuates by the demand and supply of many people's activities on the market.

Markets are common anywhere because it is always about people trading. It doesn't matter if crypto is new, market movements are common to all.

    To understand the cryptocurrency market you need to learn and gather information reagarding cryptocurrency. You should have enough knowledge before tyring to invest or buy and sell. Crypto world is very difficult to understand if you will not learn it. You need to search more on google and youtube or put some times to read here in forum,i  am sure that you can gather some important things to consider in investing in cryptocurrency.

The market is actually very unpredictable. You won't know when the price will rise high or dive down below. Though previous price trends are followed and the charts pattern does repeat, but it is not the same in every case and should not solely rely on the charts. The market is mainly controlled by the mass people and it is the people who determine the price (considering no such thing as "manipulation" exists). If you want to join the market and invest, look for coins that you think have potential is quite undervalued.

Science is world lanterns, it also has to be applied in cryptocurancy, the first thing you should look for to start investing in crypto is knowledge, you need to learn about technologies like blockchain, tangles, and crypto money. There is a lot of information on the internet for this. Before you start buying and selling trades, you have to do good research and look at the market for a while.

You can also say currencies like USD, also have no intrinsic value, except that they are backed by national banks.
Cryptocurrencies have various applications, according to the idea of the developers.
It is still a bubble though.
To get into trading you should first, learn the basics if cryptocurrency  

Cryptocurrency market is a place that people can exchange crypto to each other. Even people can earn money from investing cryptocurrency like Bitcoin, altcoin and so on. Although there is not any government which provides cryptocurrency but Bitcoin is legal  to exchange in the market. However, to learn more about this cryptocurrency market, I advice you should search more informations in youtube. Good luck for you!

I'm very glad when reading your topic. When I was a newbie, I try to understand some things like that blockchain, cryptocurrency, mining, wallet and so on. After that, I start researching informations about selling and buying Bitcoin. Specially, I think you really need to know clearly about how to store safely Bitcoin If you don't want to be stolen.

What a terrific question! I think Bitcoin is a type of cryptocurrency which can circulate in the world. Some governments allow people to use Bitcoin in trading, paying and etc. People can look Bitcoin as their asset because more and more people are investing in Bitcoin

This is an interesting topic that I have never seen before in this forum. This topic is really needed for newbies. I see everyone who want to start with bitcoin should refer it firstly. Easily to understand, Bitcoin is one of the cryptocurrency which is quite popular all around the world now. And not having any governments provides it. People can mine Bitcoin but it's extremely difficult.

Nobody can tell you, you have to understand yourself

For me is rather a good start just more understand the "core"
who are the "miners" how are transactions made....
For example, khan academy have a videos on this topic

Why is it evaporating when more and more investors know and want to own it. Although it depends on the price and the market, investors always have an objective view that it always exists and develops.

The cryptocurrency market is a volatile one , so no one can be able to understand it 100%.
And that is one major reason why potential investors are scared of coming into the market.

You should understand that the Crypto market is always a volatile market. In addition, the market has a small cap and it is always manipulated. These are the basics you need to know before you decide to invest.
I think you should not invest in long term. I recommend making a low buying and selling strategy. It will be profitable and profitable for you.

Make self study if you want to learn about the new technology of cryptocurrency, there is lots of source of information to help you to gain your knowledge about in cryptocurrency. In internet you can search it or watch in the you tube channel. It's better to have knowledge before you entering in the world of crypto currency.

From what I know, cryptocurrency like bitcoin created because our currency economic system fail. Bitcoin system created because central banks always print money from thin air and there is no audit and not responsible on economic crisis.
Thats why bitcoin have limited supply and no one can control bitcoin supply. Our current currency actually no instrinsic value too and based on trust to government.

i am a newbie and needs learn more about the market.this thread and comments from long time members really helped give some knowledge. thanks for this

Understanding Crypto currency market is a thing you need to devote time to, read books, watch YouTube and let some one with in depth experience guide you.

Bitcoin as the father of other Cryptocurrency is dynamic, it volatile nature need to be well understood because venturing into it.

You have quite a good understanding of the whole idea.
I would add that blockchain technology itself can be used for various spheres of our live from gaming to law issues - its decentralization guarantees the safety of massive data blocks.

Crypto currency investment is very wise and sensitive investment and if we specifically talk about the bitcoin then it is very volatile crypto currency and even very sensitive investment . Millions are hoping that bitcoin is very sustainable and it will last for so many decades but in order to earn from bitcoin you need to be little bit wise because the holding and selling your currencies requires a time factor and the perfect timing can gives you very good profit.

was the point of your question is about trading cryptocuurencies on exchanges? if yes, its really hard to understand the market as lots of big player/trader manipulates it, plus the FUD, hypes and PnD, theres a high chance youll lose  on trading in the market, but what i do is that i dont buy in the downtrend because you really dont know when it stops to dip i let it settle down the buy and sell when it pumps, thats just it

I have found an amazing innovation! It is called Cryptics. It is the world's first self-learning platform, that is analyzing the market of crypto-currencies and generating forecasts for its participants. The collection and processing of information occur in real time from a variety of sources in order to capture and record all relevant signals. In the result, it is able to make a daily and hourly forecasts for the crypto market (Bitcoin, Ethereum, Ripple and more) with 70% accuracy. I think this is really cool. If you want to know more - https://youtu.be/52RacK8L4GI

Cryptocurrencies are decentralized digital currencies that draw value from security, anonymity, and authentication measures that fluctuate much like stocks that can be traded and exchanged for "true value" currencies. While it may still sound hard to understand, a little bit of research into crypto is key to making better profits.

I want to share with you my latest discovery - HelloGold. It is fundation which goals are both heavily vested in blockchain technology and focused on expanding the availability of products that are targeted at helping the underserved and unbanked. Moroever, they have really good conditions for people who joined to Airdrops.io on Telegram and Twitter - you can receive 150 HGT tokens. I did it and it is great!Anyways, good luck with your investments If you want, you can learn more #HelloGoldFoundation

In my opinion, you must understand that trading in cryptocurrency is not an easy field and way in order to earn a large amount of money in a short period. Plus, if you are a beginner, then I advice you to read firstly some books (like, The Beginner's Guide to Investing and Trading in Cryptocurrency, and Mastering Bitcoin for Dummies...) because they can help you to know some basics of that field. Otherwise, you must avoid the information and prediction of the media because they are always manipulating the traders through some fake news.

 In fact, you should learn how to analyze the market wisely, and of course you can achieve it after some attempts (Buying, holding, investing), because the experience is essential in trading. And I advise you to start with a weak budget because it is very possible that you will lose a large proportion of your money in the first attempts.

I agree. He already knew some knowledge about Bitcoin. All you need to do is sharpen it. Make more research, read more articles and watch more videos related to cryptocurrencies. This forum is already a good source of information. You can also follow people who are already successful in thr industry. There are lots of ways to learn. All you need to do is invest effort and time.

fist you must understand what is the roller coaster. and look at the market, you will see no difference.

All crypto currency are the one aim through  spread out their good intention to help the people to overcome from poverty through digital process, specially in Bitcoin more potential to become rich if you use your own strategy just learned more about the good feature of Bitcoin all possible idea, technique and more effort is key to become success. If you want to get profit without capital just increased your rank at least Jr member.

You need to go through the all details related to bitcoin on inernet. You must analyse the market also. First thing u need to know that bitcoin is a currency.

For me is rather a good start just more understand the "core"
who are the "miners" how are transactions made....
For example, khan academy have a videos on this topic

Probably by continuing to do transactions in cryptocurrency can help us to understand something as possible when we will buy a coin and when we will remove the coin we have.

Apart from the fact that Cryptocurrencies are used for transactions such as buying and selling of goods and services, Cryptocurrencies like bitcoin is now also used as a means of increasing your resources(cash)... through inverting your cash to bitcoin, which will enable a high yield...

Electronic money is a valuable resource, it tends to change quickly, its liquidity is fast, human intellectual optimization.
It is stored in the computer hard drive, which is the only resource through the computer hard drive

For me at this early stage, I still see no use of crypto at the moment. It is just used to have money in an instant way. But I know that in the future cryptos will have a huge impact in the community.

The one and only, the first and most famous cryptocurrency. Bitcoin serves as a digital gold standard in the whole cryptocurrency-industry, is used as a global means of payment and is the de-facto currency of cyber-crime like darknet markets or ransomware.

For detail information about cryptocurrency market click here

Everybody out there seems to me to be quite specific, in short, I want you to be a communicator for more knowledge, like your teacher.

you right, but if you want to know more about it, read a little about it https://btcmanager.com/news/

For you to understand crypto you have to read some news about crypto. Crypto is an investment you can earn big but you have to be patient in earnin earn and get your ng big you can earn without putting out money, you can also earn from buying, But if you do not have money you have to work for about 2 to 3 month or more before you can earn or get your crypto. If you want to earn fast you can do buy and trade it is the fastest and biggest way to earn but it is too risky.

Understanding crypto currency is to compare with buying a share in a company to run its operations and get reward if it share its profit. The price these coins cost are the value investors see the company worth.

Crypto currency is a word that has overwhelmed the minds of many people around the world. The thirst for easy money, coupled with the almost total lack of physical or mental costs, allowed millions of people to start building systems - from small ones, where one video card is present, to huge farms with hundreds of video cards - and to marshal various crypto-currencies. What do they do with the crypto currency? And then most of the people simply store their crypto currency, not much different from Soviet citizens who hid money under the m. The text is taken from the smart BroDude.ru atras or in books "just in case". And then what happens? Crypto currency in its bulk is not spinning in the market, but lies in purses, because of what in turnover only a small part of the funds. Everyone waits, when кpиптoвaлютa will rise in price that it is more favorable to sell it: sit till the last moment and merge on the highest rate same, as they. That is, in the minds of people, the crypto currency is not a currency in the generally accepted sense, when money is only a means of achieving goals. In fact, it is the goal.

Crypto Trading and Crypto Investment I think it's a bit different, because in my view that investment is where we put the capital and make a profit by itself, unlike trades that traders trade in the market and look for gaps when the price declines and sells when prices start to rise . so I think you should be able to distinguish between trading and investment so as not to go wrong.

It is something which you have to understand by yourself just be curious and spend time here.

I think we really need a big patience here in crypto feild because it is not only buy and selling who can bring us a big profit it is all about our own way of understanding on it. Here in crypto we need to have more patience and we need to make a right decision because we can also lose a profit if we are going to act like we don't understand it.

You nees to invest your time and analyse the crypto market very carefully to understand it.

Well, you got it perfectly. Bitcoin or cryptocurrencies are payment systems at the core but since we are in the early phase of development, there is high volatility in the market and it creates opportunities to make profits. If you are looking to invest in Bitcoin then I would suggest you, investing your time before investing your money and try to understand the market behaviour. Always do your own research before making any investment decision instead of blindly relying on the other's opinion.

I think he should find out on youtube will be more appropriate, when I just entered the Crypto market I still up on youtube to learn experience and self-tinkering, so soon develop themselves, especially We must strive to learn and analyze when the instructor teaches us.

strategies and tips on trading CryptoCurrency below will help you in running the business.

1. Actually, the right trading strategy is just a theory and will become a reality if you want to practice it properly. Just by testing, you can prove whether the strategy is working properly or not.

Therefore, you can try this CryptoCurrency business by starting with a small fund. Slowly you can also refine the strategy, because the big trade will affect the level of stress where you can later make mistakes.

2. Planning before execution of trading and learning to understand an effective strategy is needed in doing CryptoCurrency business because later on you can provide consistent results.

Cryptocurrency market  is strange for people who are unaware. But the transaction by it is still difficult, it is not a paper currency. It is possible that people can use it to buy or sell services soon. It is beneficial to buy it now because of low prices, it is a market full of prospects and risks which makes it even more difficult. For a long time, its prices have not increased, which makes investment more risky.

Thank you all for understanding this even better!

Thank you very much for your input . I have a clearer understanding now

If you really want to understand the way the crypto currency marker works, you need to just let go of whatever residual knowledge you concerning the causality and effect of the way the traditional currency works because this market, more of go against it than agreeing with it which makes it more difficult to understand. When you do that, you can then start bringing in fresh ideas from readings and understanding the market. Its as simple as that and that is when all the suggestions provided will start to make sense.

First of all bitcoin is nithing but a currency...but everybody accepted it as like its a share market... People are trading between bitcoin and other altcoins...Or just bitcoin...with which they can make a huge profit.

the goal of a cryptocurrency is this and their function should be as a currency. but their primary use is not at all as a currency.
bitcoin is different. bitcoin is the one and only cryptocurrency that is actually used by millions of merchants as payment and millions of dollars is changing hands this way. the rest is the traders.
but when it comes to altcoins they have no usage.

when something is a currency you can use it to "redeem" anything including gold. and intrinsic value has nothing to do with that. Franky explained it better.

bitcoin is not issued by a centralized authority but it is a legal tender in many countries.

the questions you asked have nothing to do with wanting to invest!
investing is a very different story, for that you want to make profit not use them as a currency or know their value,.... for investment you can even buy one of those "crap coins" that was mentioned above and make a lot of profit.
understanding the market is not something that can be taught in a comment though.

BTC is what you need to understand. Some people tell that it is dead but it is not. It is worth remembering that after several price drops, many people stopped considering Bitcoin as digital gold. Yes, the bitcoin rate continues to be volatile today, but before we mourn its decline in price, let's think about whether this has happened to stock markets. What about oil? Or gold? Or coal? Even mature assets fall in price due to a variety of factors.

The simple way to get is to equate the market to stock market where several companies are listed and you invest in them, but this time in tokens.if the company goes up,your token appreciate if not you lose money

First of all, you need to learn about technologies like blockchain, tangle, and crypto money. There is plenty of information on the internet for these. Before you start buying and selling trades, you should do good research and watch the market for a while.

Thank you very much for your input. This goes a long way

Three principles of safe investment
You should start with this. Cryptocurrencies are a system based on freedom, and there is no freedom without responsibility!

The first rule of safe investment: invest as much as you can lose. Investments can be divided according to the degree of security. Cryptocurrencies are considered risky for two reasons. Firstly, due to the possibility of state interference, and secondly - due to the possibility of virtual theft. Just like before the second threat, you can protect yourself (about this in the further part of the article), so there is no insurance against decisions of democratic politicians.

The second rule: diversify the products in which you invest. The fact that Bitcoin can be gold 2.0, and Monero's most anonymous way of storing money does not mean that you have to buy cryptocurrencies for all the savings! Just as it is not worth keeping all the money in one bank, it is just as risky to invest in one product.

The third rule: think long-term. Putting PLN 1,000 in bitcoin in 2009, today you could draw almost 100,000. zł. However, if during the great drop in value in 2013 you would get scared and pull out money, you would lose most of your capital.

Cryptocurrency is a valuable resource, it is used as a payment to people in all their transactions, exchange, money transfer and shopping. Now many people are investing in it for profit. Buy Bitcoin prices when the market decreases and keep it until the price is high. There are different coins in the market, you will invest in the best bet.

At first, bitcoin is used as a payment for games,then it moved to the one of asset.Now many people inverse their money in bitcoin than in Gold and Silver. The simple reason for this is percentage of profit in bitcoin is greater than the gold and silver.You can inverse in bitcoin with 10$,it is additional advantage.

you will find many coins people term as crapcoins. because they are premined/not mined. no cost of creation. their purpose or function is not proved.
99% of coin announcements and ICO (initial coin offerings) are in this 'crap coin ' category

next is to look at which coins have stood the test of time of sustainability. look at what they do, how they are used and by who. the three main functional coins that have purpose are bitcoin litecoin and ethereum.

bitcoin and litecoin are more like currencies and are MINED (actual cost to create)
ethereum is more like contract agregators/ escrows for other functions.. ethereum is moving to PoS(costs to create are going to be near zero)

..
i wont go through the whole list of coins as there are 1500+ of them and 99% of them are crapcoins as i said,

---

next would be to look at the prices of the coins. if you dont want to do the maths of cost of mining. the simplist thing would be to IGNORE the all time high(ATH) price of a coin first.
and instead when looking at the charts. take any period length.. EG 6 allotments if only a couple years of chart-12 monthsallotmnts of many years of charts
and find the all time LOW of each period and draw a line between each of those ATL's .
there you will find good indication of where 'VALUE' is. because no one is foolish to sell for less than it cost them to obtain it.

again for emphasis ignore the ATH (bubble price).. look for the ALT(value waterline)

then that will help you guage comparing ATL of most recent period, evaluate if all periods are on a upward or downward movement.

then compare the most recent ATL to the current price
and then comparing the current price to the ATH price

you can then see if the price is at a nice discount (near value) or if its way too much of a premium(near ATH)

first i think you need to learn the basics of finance.. excuse any sarcasm.. its meant as humour not arrogance, so smile while reading what im about to say.

traditional currency redeemable for gold? .. umm.. hello 1930's where have you been?
....
'intrinsic' value. is based on the labour needed to own it..
EG cost to mine gold/btc/crypto. and also its function or purpose adss some intrinsic value to the currency held.

for instance traditional currency. USED TO (generations ago) be backed by gold which value came from the cost to mine gold.
these days traditional currencies intrinsic value is only backed by minimum wage. EG US/UK min wage is ~£$7.50 meaning a £$10 bank note is intrinsic value of 1 hour 20 minutes of sweat laabour.
where by law if you do 1 hour 20 minutes of obvserved/provable labour (employment) you will get £$10 atleast
....
yes in traditional currencies, and in gold markets the PRICE is not exact and fluctuates. but that is called speculation..

speculation is the bubbly bit of foam ontop of a value waterline. speculating can inflate or pop which is why PRICES change, but the underlaying VALUE is more stable
this is why at times of massive speculation. they say something is in a bubble period. because there is more bubbles than underlying value (price is more then double value)

...
a bubble does not mean a currency/property/market is fake. it just means the PRICE is over inflated.
houses are real and houses have and always will have value. but the housing market has had bubble periods
..

what you will find is that in crypto's HOW the coin is released to the community shows its intrinsic value and gives you a good starting point to calculate it.
periodic release coins are not all thrown out in one go. they are released slowly. giving it value as there is not a full supply right from the start
pre-mine coins are a term where the coins already exist befor public release and literally thrown out to the community. usually worth less value because of it

mined coins. involve actual computational work to be done. this can add costs like electric, equipment and time.. which usually means value would be higher(imagine robot labour) we call it (PoW) proof of work

stake coins. involve no 'work' as such. just proof of minimum investment to then be trusted to sign/validate. whereby its not labour lost but if the signer makes a mistake they lose the investment they used a proof. usually this means the coins value is less because the labour/cost is small. (imagine pre-nup/divorse papers, cheat and the wife takes it all) we call it (PoS)proof of stake

then there comes the featurs and utility.
some features are defined as unchangable(indelible, natural, esssentia) set in stone features. such as the coin supply(scarcity) which can add to the value.

but then there are features that can change and that then starts going into the speculative 'foam on top the water area'

You already have a pretty good understanding from what you have said.

I think it's important to realize that crypto-currency is an emerging new asset class, it's hard to compare it to any existing assets.

Aside from that understanding the crypto markets is a whole different beast, these markets are brutal and are insanely volatile, my best advice would be to not invest anything that you are not willing to look at like a retirement account that you wont touch for years.

Wish you the best of luck, could be a good time to buy by the way, markets have really been dipping hard lately.

From my little knowledge. Cryptocurrencies are primarily used to buy and sell goods and services, though some newer cryptocurrencies also function to provide a set of rules or obligations for its holders.They possess no intrinsic value in that they are not redeemable for another commodity, such as gold. Unlike traditional currency, they are not issued by a central authority and are not considered legal tender.
I need help in understanding the crypto market and investment advice in order to  invest effectively  on bitcoin market