Crypto: Why EVERYONE should try it
What is Crypto? And why is it so popular? And what is in it for you to try it out?
Introduction to Crypto
Imagine cryptocurrencies like special digital coins you can use instead of regular money. They’re really safe because they use super strong codes to keep transactions secure. What’s cool is that no one government or company controls them—everyone using them helps keep things fair. You can send these coins to anyone in the world really fast without needing a bank. It’s like having your own special piggy bank that only you can open, and you can use it to buy things online or even for new kinds of games and apps that people are inventing.
Risks and Opportunity
Investing in cryptocurrencies is like deciding to buy special coins that you hope will grow in value over time, kind of like collecting rare toys or cards that might become really popular. People buy these coins because they think they’ll be worth more in the future, like how some toys become really valuable. But, it’s important to know that these special coins can also change in value a lot, like a roller coaster ride. Sometimes they go up, and sometimes they go down, so it’s like a big adventure where you might win or lose money. It’s fun to think about, but you need to be careful and do your own research to understand it well before deciding to invest.
Popular Crypto Currencies
The most popular Crypto Currencies, like Bitcoin and Ethereum, are kind of like the big stars in this digital money world. Bitcoin is like the superhero—it was the first and everyone knows about it. People think it might keep getting more valuable because there’s only a limited amount of it. Ethereum is like the creative genius—it’s not just for buying things; it’s used for making new kinds of apps and smart contracts, which are like super smart agreements that work by themselves. Both Bitcoin and Ethereum can be bought and sold, like trading cards, and if their value goes up, you could make some money. It’s exciting, but remember, it’s also a bit like a game where you need to be careful to not overspend your gems.
Free ways to Earn Crypto
Brave Browser: This is by far the EASIEST and SIMPLEST way to earn crypto. In brave, by enabling the wallet feature, you can earn rewards in terms of BATs (Basic Attention Token) every time you watch an ad. You can use this currency to pay to the creators of the content directly, and also- to cash out yourself!
Crypto Faucets: Imagine a crypto faucet, like a magical tap on the internet that gives you tiny drops of digital money instead of water. So, when you visit these faucets online, they give you a bit of cryptocurrency for free, just for visiting or doing simple tasks like solving puzzles or playing games. It’s like collecting coins in a game, but these coins are real and can be used to buy things or saved up like a treasure hunt. It’s fun and helps you learn more about how cryptocurrencies work!
Crypto Airdrops: A crypto airdrop is like a surprise gift drop from the sky, but on the internet! Sometimes, people who create new cryptocurrencies or apps want to get more people interested. So, they give out free coins or tokens to people who already have some of their cryptocurrency. It’s like getting free candies when you already have a favorite candy. You might get these free coins just by having some of their coins in your digital wallet. It’s a cool way to get more coins without having to do anything extra—just a nice surprise from the creators!
DeFi Games: DeFi games are like super fun online games where you can use digital money, kind of like coins in a video game. But here’s the cool part: in these games, you can earn more digital money or special items that you can trade with other players. It’s like playing a game where the things you win can be worth real money! You can build virtual worlds, trade with friends, and even make your own rules in these games. It’s all about having fun and exploring new ways to play games with digital money.
Guide to DeFi Kingdoms: A crypto game
Learn to Earn: This is one of the most practical and worthwhile ways to earn free crypto. As the crypto market expands, more people are interested in learning how it works. Many platforms are introducing learning programs to help beginners understand the market, the lingo, and how to invest safely.
Some of these programs go a step further by incentivizing users and rewarding them with free crypto for every piece they read and participate in. For example, CoinMarketCap has its own learn-and-earn program where users participate in crypto lessons and test their knowledge. In addition, banking apps like Revolut also incentivize their users to learn.
How secure is Crypto?
Security with cryptocurrencies is like having a super strong lock on your piggy bank. When you use cryptocurrencies, special codes called cryptography keep everything safe. It’s like a secret code that only you and the person you’re sending money to can understand. This way, no one else can sneak in and take your money. It’s like having a really cool secret password that keeps all your digital coins safe and sound.
Basically …. [TLDR]
“Remember, cryptocurrencies are like special digital coins you can use online. They're super safe because of secret codes that protect your money. You can use them to buy things and play fun games. Just like in real life, it's important to be careful and ask grown-ups for help when you're learning about them. Whether you're collecting coins from crypto faucets, getting surprises from airdrops, or playing games with DeFi, it’s all about having fun and exploring this exciting new world of digital money!”
What value does cryptocurrency add? No one’s been able to answer that question to me.
— Steve Eisman
Maybe I should make one about NFTs exclusively?