Get to potencies
the invention of block chain in the introduction of Bitcoin the word most famous is currently the most
expensive cryptocurrency epee for everyone and any movement of cryptocurrency proliferation.
There are currently more than 13 out of different cryptocurrency is available in today's market by the
way.
Anyone who has the right software in the knowledge can create their own cryptocurrency so their number
is only going to grow much larger.
Because in theory only Bitcoin cash you can go reap on dash like going there on an air of on your ass.
Those are some of the most common and more heavily created crypto currencies today you can find the
list of crypto currencies right here.
The coin market dotcom coin market dot com.
Check it out.
This one has an interesting map that displays the genealogical tree of all.
All currently available currencies.
And you can access this map a map of constuction.
So what is a cryptocurrency why a critical currency is a digital asset that uses cryptography for security
because of these security feature a cryptocurrency is difficult to aid in counterfeit an attractive
feature of crypto currencies is that there is no need for a bank to store them.
In fact they can be easily stored in what's called a wallet.
We'll talk about wallets in the next election.
And the most unique and attractive feature of crypto currencies.
Is there any central bank and institution or government does not issue it.
So the feature makes cryptocurrency immune to government manipulation however.
Bear in mind that crypto currencies are subject to manipulation from before an establishment known as
Wells.
Wells are individuals or groups or individuals that own a large percentage of coin volume.
I'll do that.
Well just like institutions hold meetings or shares and control their price actions.
Wells all large volume of cryptocurrency is in control also in Manipulate cryptocurrency price actions.
So wealth is a method known as a rinse and repeat.
Basically they start selling below market value which pushes prices down sharply causing people to panic
and sell.
Because then the wells are wet when the wells are satisfied with the price.
They're crypto currencies breached.
They buy back in a lower price by doing so they're accumulating more coins volume and therefore are
gaining more control over price action.
You probably expediencies if you've been watching the market out of these cryptocurrency to skyrocket
and then dive on a dime and then come back up again.
So it's are very volatile and this is because of the work that the wells are doing underneath the dump
large amounts and the value price and people panic in them and they're happy when they buy them.
And so it's a there's a lot of manipulation going on with this particular equity right now.
So it's very important to know well-supported if it's actually going to be talking about this as we
get into the trading aspect of the course.