What is Crypto Currency?
A Crypto Currency is a digital asset designed to work as a medium of exchange that uses cryptography to secure it's transactions, to control the creation of additional units and to verify the transfer of assets. Crypto Currencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Why should I trade Crypto Currency (Bitcoin, Litecoin and Ethereum)?
It is a volatile market but with high risk comes a high reward just like any other stock that you can buy. My example; I invested R30 000 in Litecoin when the price was low, 3 days later I sold it for R38 500 leaving me with R8 500 profit. Yes I know that R30 000 is a lot of money but you can start with R250 if you buy at a low price and sell at a higher price you can make a profit, and for me the amount of profit I made is more than any bank can give me in the same amount of time.
In this tutorial we only work with Bitcoin, Litecoin and Ethereum.