JAKARTA - The rapid development of technology makes cryptocurrency instruments more favored by the younger generation. Although it has a big risk, the benefits that will be obtained after successfully trading are also not small, so that at any time crypto assets are increasingly favored by the public.
In fact, in recent years, crypto trading has become one of the most profitable investment instruments. The ever-increasing price of crypto along with the development of digitalization technology has made it increasingly in demand. However, to succeed in crypto trading, of course, you must learn first novice crypto.
It's not too difficult to learn crypto right now, because now crypto apps always have features to learn crypto. Where these features can provide information, strategies, read graphics, and even learn to predict the movement of crypto values due to the world's economic phenomenon.
So what steps should a beginner take to learn crypto? The first step of course you have to understand every term that is often used in the crypto world, such as crypto trading itself.
What Is Crypto Trading?
Crypto trading is similar to stock trading, but the difference lies in the assets or object of the transaction. In crypto trading, the assets are in the form of cryptocurrencies such as bitcoin, ethereum, and others. Each trader will carry out buying and selling activities (trade) of his crypto assets.
Crypto assets have high volatility, so traders, especially beginners, must understand the risks that might occur in the future. However, despite the huge risks, traders' interest in plunging into this investment instrument remains high.
Getting to know Cryptocurrencies
Cryptocurrencies or crypto assets are digital assets that use public ledgers with powerful cryptography to secure online transactions. Crypto assets work by utilizing blockchain technology, which is a decentralized technology to manage and record crypto asset transactions.
There are more than 10,000 types of crypto assets registered and traded publicly. Security in blockchain technology is a particular attraction for crypto asset users.
How Crypto Assets Work
Crypto assets are powered by blockchain technology, where each crypto asset transaction will be stored by every node that drives blockchain. Nodes are computers connected to blockchain networks for mining crypto assets like Bitcoin. If any miner tries to enter a fake transaction, the transaction will be canceled by the correct ledger.
To make transactions or trading with crypto assets, you need to have public key and private key. Public key is connected to your wallet address and makes it easier for other people to send crypto assets to you. Meanwhile, private key is used to approve transactions sent from your wallet or wallet and only you have access to the private key.
Profits From Crypto Asset Investment And Trading
One of the main advantages of crypto trading is its high profit potential. Crypto assets can also be learned easily and can provide significant benefits if you master the trading strategy.
Another advantage of crypto trading is the high level of security. You don't need third-party help to transact with crypto. In addition, the crypto market is open for 24 hours and 7 days, in contrast to the stock market which has a limited trading time.
Why Is Crypto Assets Important?
Crypto assets are important today because:1. Crypto assets are an important part of technological innovation. 2. Crypto assets are still in a period of growth in a more advanced direction.3. Crypto assets have the potential to change various other industries.4. Crypto assets promise a bright future.
The Terms Often Used In Crypto Trading
When you want to engage in the crypto world, of course you will often hear foreign terms that make you think hard to understand them. Well, so that you are not confused, the first step when studying crypto is to find out the terms that are often used in crypto trading.
When trading crypto, you will frequently encounter the following terms:1. Coin (coin): a crypto asset created with encryption techniques and own blockchains such as Bitcoin and Ethereum.2. Altcoin: a type of coin other than Bitcoin which is an effort to improve on Bitcoin deficiencies.3. Tokens: access from decentralized applications built on blockchain systems and has certain features related to crypto projects.4. Decentralization: transactions that do not involve third parties and are peer-to-peer.5. DeFi: transfer from a centralized financial system to a peer-to-peer financial system activated by decentralized technology.6. DApps: applications that take advantage of blockchain technology and are decentralized.7. Gas: costs incurred when using Ethereum networks.8. Halving: half-retponding events or rewards received when performing mining, such as on the Half-Ticking Bitcoin.9. Wallet or wallet are places to store crypto assets. In crypto trading then everyone must have a crypto wallet to sell and buy crypto assets.10. ICO: attempts to acquire investment by launching new coins in blockchain.11. Mining: mining processes or searching for new crypto assets.12.Staking: how to gain profits by storing crypto assets.
Errors Frequently Made By Beginner Traders
If you go straight into trading without learning trading before, then you as a novice trader will definitely often make mistakes in trading. Here are some mistakes that are often made by novice traders, including:
1. Surrender when you suffer a loss, even though cryptocurrencies have a high risk of loss, then you should not give up when you suffer a loss, you can try it with a small value first. 2. Failed to maintain a portfolio balance. 3. Too much risk. 4. Too often with the flow.
How To Invest Crypto Assets
Here are some ways to invest crypto assets:1. Find a trusted crypto exchange, such as Indodax.2. Start funding accounts on trusted crypto exchanges. 3. Choose a promising crypto asset. 4. Select the corresponding trading strategy.5. Save crypto assets safely.6. Make an active buying and selling transaction.
By understanding the full guide for learning this crypto trading, you can increase your chances of success in trading crypto assets. Learn more and follow the development of the crypto market to achieve optimal profits.
Well, for those of you who want to invest in crypto easily, download the DOOR now! PT Pintu Wherever with the PINTU brand is a buying and selling platform and investing in crypto assets in Indonesia. The PINTU application focuses on the appearance of applications that are intuitive, easy to use, with in-app educational content, especially for new and casual crypto investors.
Currently, PINTU has more than 200 crypto assets traded as well as many innovative and educational superior features and products such as Limit Order, Auto DCA, Pintu Earn, Referral System, PTU Staking, and Pintu Class Academy.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
