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NEW
5,000 + CRYPTOCURRENCIES
CREATED LAST YEAR
RETURN ON
INVESTMENT IN
CRYPTO ASSETS
BLOCKCHAIN
& CRYPTO 101
THE ULTIMATE BEGINNERS GUIDE TO UNDERSTANDING WHAT
A CRYPTOCURRENCY AND A BLOCKCHAIN TECHNOLOGY IS.
2018 EDITION
www.TheOnlineCryptoSummit.com
Table of content:
Glossary of terms
Quick facts
How the blockchain works (basics)
Use cases
Where to buy, store and trade
Ways to make money in crypto
List of useful resources
www.TheOnlineCryptoSummit.com
Glossary:
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Glossary:
51% attack: An attack by a large mining pool that controls over 50% of
the computing power and thus can corrupt the transactions. So far no
such attack has been ever performed. In 2014 one mining pool
(Ghash.io) reached the 51% breach and then withdrew its power, self-
limiting itself to a maximum of 40% computing power.
www.TheOnlineCryptoSummit.com
Glossary:
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Glossary:
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Quick facts:
2017 has truly been the year of Initial Coin Offerings with the
investment volume of ICOs even surpassing venture capital funding.
Bitcoin now accounts for around 50% of the cryptocurrency market and
surpasses the national GDP of several countries.
www.TheOnlineCryptoSummit.com
How the blockchain works:
** You don’t need to fully grasp the technicality in order to invest in the technology,
the same way you don’t need to understand how exactly a diesel engine works to
drive your diesel car. So, look at the information below as just a short explainer for
those of you who are curious how the basic concepts behind the technology work.
www.TheOnlineCryptoSummit.com
How the blockchain works:
Digital signatures encrypted with private and public keys ensure that
each initiated transaction on the network is authentic.
The way the network checks if you have sufficient funds in your account
is a bit different than traditional balances.
For example if you want to send 5.0 BTC to someone, the other peers
(nodes) in the network must crawl through all your past transactions
and verify that all your previous inputs and outputs now equal 5.0 BTC
or more.
www.TheOnlineCryptoSummit.com
How the blockchain works:
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What's the blockchain used for:
The blockchain can be used not only for creation and exchange of
cryptocurrency, but for all kinds of transactions. Enhanced by the smart
contracts protocol, a blockchain can enforce transparency and
accountability in many areas of our Lives.
And more….
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Where to buy, store & trade
cryptocurrencies:
Bitcoin ATM - Bitcoin ATMs are becoming very popular - March 2018
tolls about 2,393 Bitcoin ATM machines worldwide, with a steady trend
upwards. With these machines, the user shows up to a physical
location and either A) buys Bitcoin using fiat currency and has it sent to
a Bitcoin wallet or B) sells Bitcoin to the atm to withdraw fiat money in
cash. These devices are extremely convenient and allow traders to not
have to deal at all with the “trading” part of crypto.
Online Exchanges:
If you want to buy some of the major coins as a long term asset
investment, coinbase is very easy to use. You do need to verify your
identity www.coinbase.com
www.TheOnlineCryptoSummit.com
Where to buy, store & trade
cryptocurrencies:
If you’d like to purchase a diverse basket of coins and tokens you can
do that in some of the other exchanges offering a large variety of coins.
Please note there are over 280 exchanges as of March 2018 and none
of them offers ALL of the coins and tokens available on the market.
Below are names and links with just a few of the most trusted ones with
the largest variety of coins and the highest trading volume (liquidity) as
of March 2018.
www.binance.com
www.okex.com
www.huobi.com
Now that you purchased some crypto it may not be a smart idea to
keep it in your exchange wallet. It is strongly recommended that you
transfer your crypto to a separate software wallet and the best to do
really is to transfer it to a hardware wallet. Some people use paper
wallets, which simply means that you write down your private key
digits to a piece of paper. Some go even as far as relying on mental
wallets or in other words to remember their private key. Loosing
your private key equals losing your coins, there is no way back.
www.TheOnlineCryptoSummit.com
Where to buy, store & trade
cryptocurrencies:
Blockchain info wallet: Hybrid wallet that does not have access to
your private key but it is still stored and loaded on their server and
therefore relies on their security. It supports bitcoin (BTC), bitcoin cash
(BCH), and ether (ETH). Do not send any other cryptocurrencies to
Blockchain wallet addresses; you will not be able to access those funds
if you do.
Mycelium wallet: Mobile only wallet app with advanced security and
privacy features. It supports bitcoin only (BTC) and it also allows you to
buy and sell bitcoin for fiat currencies directly through their platform.
www.TheOnlineCryptoSummit.com
Ways to make money with crypto:
ICO Bounties - You can join an ICO launch team and perform small
tasks for the project in exchange of their token. The risk is similar to
investing your money in ICOs, as in the end the project needs to be
successful so that your tokens have any value. Typical bounty tasks
might be: social media sharing, article writing, translation, bug reports
etc. Be aware that bounties currently fall under the SEC radar and all
bounty promoted tokens are considered securities.
List of ICO bounties
Day Trading - The crypto market is a very volatile place Major rule
number one is to never put in more than you can afford to lose. We will
cover a lot of the day trading basics during The Online Crypto Summit,
including soma working strategies and how to use automated trading
tools.To get started you need to create an account in any of the existing
exchanges (I listed some of the well known above).
Here is a good automated trading tool that you can use to get started:
Haas Online
www.TheOnlineCryptoSummit.com
Ways to make money with crypto:
Investing - You can either invest long term in popular crypto assets
(TOP 10 to TOP 20 coins), or you can go the crowdfunding route by
investing in Initial Coin Offerings. ICOs nowadays typically have a lock
period, in which you cannot exchange the new coins. At the same time
risk remains that the funded team will not execute as expected and this
could prevent the new coin being accepted on a freely traded
exchange. Always do your research and do not take guarantees from
anyone, even from a certified professional … and even so there is
always a risk of devaluation. During the summit we will talk a lot about
how to choose and evaluate an ICO to invest in.
www.TheOnlineCryptoSummit.com
Cool tools:
www.TheOnlineCryptoSummit.com