#TradingStrategyMistakes

Cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional currencies, they operate on decentralized networks based on blockchain technology, which records transactions transparently and immutably. Bitcoin, introduced in 2009, was the first cryptocurrency and remains the most well-known. Since then, thousands of other cryptocurrencies like Ethereum, Binance Coin, and Solana have emerged, offering various use cases from payments to smart contracts. Cryptocurrencies can be traded on digital exchanges and stored in digital wallets. Their decentralized nature eliminates intermediaries, lowers transaction costs, and offers global accessibility. However, volatility and regulatory concerns remain significant challenges in the crypto ecosystem.