Cryptocurrency: how to become a millionaire without understanding anything or why your cat is a potential investor.
Once upon a time, in the distant year of 2009, a person (or group of people, or aliens, we're not sure) named Satoshi Nakamoto invented Bitcoin — a magical internet currency that no one can touch but everyone wants to buy. Since then, the world has changed. Your friends have become traders, your grandmother a miner, and your cat has started suspiciously lingering by the charts on the monitor.
What is cryptocurrency?
Cryptocurrency is like money, only without coins, without paper, without logic. Imagine this: you buy an imaginary coin for real money, hoping that it will one day increase in value. It’s like paying for air in hopes that in a year it will become elite oxygen.
Blockchain: an explanation for those who just nod their heads.
Blockchain is a chain of blocks. Everything makes sense. Each block contains information about a transaction and is attached to the previous one, like a stapler on steroids. Breaking this system is hard. It's like Jenga, but instead of wooden sticks — millions of dollars.
How to become a crypto magnate.
Buy at highs, sell at lows. It's classic. Start panicking as soon as the price drops by 2%. This will help you become an experienced trader… or a chronic neurotic.
Follow Elon Musk on Twitter. One of his emojis can either double your savings or send you to financial purgatory.
Launch your crypto. Name it "ShawarmaCoin" and make sure it has a meme. Without a meme, even banks won't work now.
Conclusion.
Cryptocurrency is fun, risky, and sometimes profitable. Like a lottery, only you choose when to hit the self-destruct button. The main thing is — don’t invest your last money and don’t take advice from someone who once bought 3 pizzas for 10 bitcoins.