Cryptocurrency, like Bitcoin or Ethereum, is an encrypted electronic currency transferred between peers and confirmed in a public ledger via a process known as mining. Mining involves solving complex mathematical problems with powerful computing hardware.
These problems help ensure the currencies' security, preventing fraud and double-spending. The first cryptocurrency was Bitcoin which remains dominant, despite nearing 21 million Bitcoins (BTC).
Technical analysis is one of the most extensively researched fields in financial markets. There are many different opinions on how reliable it is, but whatever the case, technical analysis is still heavily used by investors.
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Technical analysts often use charts that show specific historical data relating to stock prices, such as volume and price trends. By observing these past patterns, they may be able to forecast what will happen next with a particular stock or the entire market.
We recommend that you have a plan for your investment and only invest what you can afford to lose. You should also be informed of the hazards involved with Bitcoin investment.
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