What did you understand about cryptocurrency and how did you trade

[Auwal01]

 A cryptocurrency is a digital currency that operates on a decentralized network, meaning it's not controlled by a central authority like a government or bank, and is traded online through exchanges where users can buy, sell, and swap different cryptocurrencies based on their price fluctuations; to trade cryptocurrency, you typically need to create an account on a reputable exchange, deposit funds, and then buy or sell cryptocurrencies based on your market analysis and trading strategy, aiming to profit from price changes while managing risk carefully due to its high volatility.

[Rruchi man]

A cryptocurrency is a digital currency that operates on a decentralized network, meaning it's not controlled by a central authority like a government or bank, and is traded online through exchanges where users can buy, sell, and swap different cryptocurrencies based on their price fluctuations; to trade cryptocurrency, you typically need to create an account on a reputable exchange, deposit funds, and then buy or sell cryptocurrencies based on your market analysis and trading strategy, aiming to profit from price changes while managing risk carefully due to its high volatility.

If this is an attempt to share your knowledge, you can share something else because we already know this.

[Sim_card]

A cryptocurrency is a digital currency that operates on a decentralized network, meaning it's not controlled by a central authority like a government or bank

Only bitcoin and monero are the only decentralized coin, the rest are centralized and can easily be manipulated by the dev. We have seen several altcoins that crashed in the past and majority of altcoins are created to scam their investors through pump and dump. You need to read, learn and make your research before posting to be sure of the knowledge you are sharing.

[TomPluz]

Years ago, I started to learn slowly on cryptocurrency most especially Bitcoin then Ethereum and the rest of the gang through the years. Sadly, my involvement with cryptocurrency resulted me not getting rich but instead I was scammed many times due to my "innocence" or just outright stupidity. Right now, there are still many things I don't fully grasp with cryptocurrency most especially with newer innovations and keeping up with the changes can sometimes put me drained of energy...so much for one who is already getting old haha.  Years after Bitcoin got introduced into the world by Satoshi Nakamoto, there are now many opportunities available for anyone to suit in and exploit and I guess years from now we can see this industry really get evolved into a whole new level. Right now, DEXs are so popular but when I started CEXs were the main choices for trading coins and tokens. And of course, talking on CEX, it is Binance that really comes to mind as the most popular and biggest one in the market.

[Aanuoluwatofunmi]

All of us cannot be the same, when it comes to crypto and what we do, we all have different approach and views over how we do it, we all have different approach to how we learn crypto, the source to information we get or the way we trade, that is why we cant in some cases compare others approach on ours without having to learn about how we could get it done on our own.

[bayu7adi]

Deposit, then buy then wait for the price to go up, then sell... that's the basic thing... whereas in practice we need analysis, so we can find the right time and the right amount to buy, and the right time to sell and the right amount to sell it so that we get profit.. the difficult thing is that...

There are even times when a trader's emotions begin to be doubted because they may be carried away by the FOMO current which can make them lose instantly in trading... as a start, knowing how to start trading is good, at the next level you have to learn to win in trading.

[Findingnemo]

, you typically need to create an account on a reputable exchange, deposit funds, and then buy or sell cryptocurrencies based on your market analysis and trading strategy, aiming to profit from price changes while managing risk carefully due to its high volatility.

This is common method but there are ways we can sell or buy crypto without giving our KYC or even without registering on any platforms.

We have decentralised exchanges that let you to buy and sell crypto with no KYC.

And we have anonymous exchanges that let you to connect you with the marketplace to buy and sell.

[libert19]

I know how to send/receive crypto and trade it and that's been working out fine, I could care less to know anything further.

[bitterguy28]

Only bitcoin and monero are the only decentralized coin, the rest are centralized and can easily be manipulated by the dev. We have seen several altcoins that crashed in the past and majority of altcoins are created to scam their investors through pump and dump. You need to read, learn and make your research before posting to be sure of the knowledge you are sharing.

not all cryptocurrencies are decentralized but they are designed to be some coins are created and run by teams which makes them centralized because someone or a group of people can control the coin but what really makes crypto unique from fiat is the blockchain technology which even if the coin is not completely decentralized all transactions can be seen in the blockchain so there is a level of transparency that fiat doesn't have

[Celsius]

It is very easy to learn about cryptocurrencies, but it is very difficult to gain proper knowledge about the scope of cryptocurrencies. It is not possible to learn about cryptocurrencies in a day or two, but in many cases, academic studies on cryptocurrencies have been seen. However, in trading, in addition to gaining knowledge, one must also master various important things, especially the ability to control oneself, the ability to restrain greed, and the ability to control emotions. If you cannot do this, it is better not to engage in such an important activity as trading. Controlling yourself and controlling your feelings or emotions are both very important in trading. There are many new traders who are unable to control their emotions and are overly greedy and end up losing huge amounts of money in trading.

[|MINER|]

A cryptocurrency is a digital currency that operates on a decentralized network, meaning it's not controlled by a central authority like a government or bank, and is traded online through exchanges where users can buy, sell, and swap different cryptocurrencies based on their price fluctuations; to trade cryptocurrency, you typically need to create an account on a reputable exchange, deposit funds, and then buy or sell cryptocurrencies based on your market analysis and trading strategy, aiming to profit from price changes while managing risk carefully due to its high volatility.

What I think about the cryptocurrency is crypto means the invisible and currency mean we all know this the medium we exchange our assets to each others.
And cryptocurrency should have always the blockchain where we will find a decentralized eco system and as well impliment somthing for the privacy. And also it has the volatile market and it is also a opportunity for the well market analyst to make profit by it. This is how cryptocurrency for it, but also not expect anything here unrealistic.

[Z-tight]

This is common knowledge, i thought you wanted to ask a question when i saw the subject of your topic. You should start topics that could lead to discussions, and not telling us something that everyone already knows.

One small correction, not all cryptocurrencies are decentralized, i.e. stablecoins like usdt, it is issued by a centralized authority and they can freeze it in any wallet.

[ZAINmalik75]

A cryptocurrency is a digital currency that operates on a decentralized network, meaning it's not controlled by a central authority like a government or bank, and is traded online through exchanges where users can buy, sell, and swap different cryptocurrencies based on their price fluctuations; to trade cryptocurrency, you typically need to create an account on a reputable exchange, deposit funds, and then buy or sell cryptocurrencies based on your market analysis and trading strategy, aiming to profit from price changes while managing risk carefully due to its high volatility.

This is exactly what cryptocurrency is and how we can trade except this is the most general explanation and I am reading this explanation after a long time the last time I heard it was when I in the newbie era or to teach other newbies about crypto and trade.

But to understand crypto we must have the knowledge of Blockchain, decentralization and Web3 and many other things but with time we will learn and in trading, after learning blockchain and crypto and narrative trading become a little easy.

[Faisal2202]

Years ago, I started to learn slowly on cryptocurrency most especially Bitcoin then Ethereum and the rest of the gang through the years. Sadly, my involvement with cryptocurrency resulted me not getting rich but instead I was scammed many times due to my "innocence" or just outright stupidity. Right now, there are still many things I don't fully grasp with cryptocurrency most especially with newer innovations and keeping up with the changes can sometimes put me drained of energy...so much for one who is already getting old haha.  Years after Bitcoin got introduced into the world by Satoshi Nakamoto, there are now many opportunities available for anyone to suit in and exploit and I guess years from now we can see this industry really get evolved into a whole new level. Right now, DEXs are so popular but when I started CEXs were the main choices for trading coins and tokens. And of course, talking on CEX, it is Binance that really comes to mind as the most popular and biggest one in the market.

I agree with you but I am not too old and TBH there is not much narratives that would drain our energy but TBH with time we can forget about 2 or 3 narrative like what their mean is and what was their story and TBH we don't have to memorize all of them or understand all of them we just have to pick the latest one like now it was AI and Ai agent etc.

To understand them, we have to dedicate some time, and you know the other stuff BTW how old are you if you don't mind to share? I mean, I don't think age matters because my grandpa is around 96 years old and his memory is way better than mine.  While I am not even 30 yet.