What is cryptocurrency and how does it work?

Wasder.gg explains, “Cryptocurrency is a part of the trading world. And the world of trade is essentially built on the rise and fall, stability and fluctuation of the market. In short, without these essential and intrinsic fluctuations, you’ll never be able to make any money on crypto.

What do you need to know about crypto?

Here's Everything You Need to Know About This Year's Tax Rules Trading of crypto and short-term vs. ... Exchanging one crypto for another. ... Using crypto for goods or services. ... Crypto losses. ... Crypto forks and airdrops. ... Crypto mining is ordinary income taxed at regular rates. ... Crypto staking taxation has not been addressed by the IRS. ... Record keeping and reporting is required. ... More items...

Why is cryptocurrency worth anything?

Why Is Bitcoin Worth Anything? Scarcity. The traditional fiat currencies can inflate without limits, however, Bitcoin’s supply has been hard-capped to 21 million BTC. Divisibility. ... Utility. ... Portability. ... Durability. ... Security. ... Stability and Store of Value. ...

How to get started with cryptocurrency?

Where to Conduct your Research? CoinMarketCap. Your go-to place for anything related to crypto would be CoinMarketCap. ... Company Website. The next thing you should look at is the company website. ... Reddit. You can also go to subreddits that focus on cryptocurrency topics on Reddit. ... Social Media. Social media is a swell place to get cryptocurrency information. ...