How Rainmaker solved the Cryptocurrency experience problem for the Crypto Curious
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To refresh things, cryptocurrency is a digital currency, protected by blockchain technology. It eliminates the middleman, like a bank, and allows buyers and sellers to transact directly between each other. The most popular cryptocurrency is Bitcoin. Let’s go through a step by step guide on how Rainmaker can help the Crypto Curious.
Since we’re a fantasy gaming app, it’s all about the experience. You can choose the cryptocurrencies based on your analysis of the cryptocurrency’s movement, either by tapping the ‘Up’ or ‘Down’ button.
Once you have successfully selected the cryptocurrency, the highest and second highest gainer must be chosen from the selected Cryptocurrencies in your portfolio.
Some strategies to implement while investing in Cryptocurrency, for the Crypto Curious, are to allocate only a small percentage of your portfolio to cryptocurrencies. Cryptocurrency isn’t the same as investing in stocks. It doesn’t have interest or dividends. They are seen as an alternative to foregin currencies, such as the Dollar, Euro and Yen
Bitcoin is dominating the Cryptocurrency market, and is almost a synonym for Cryptocurrency. It is the largest Cryptocurrency. Ethereum, Zcash and Dash follow from a mile later.
When choosing a platform to buy cryptocurrency, one of the disadvantages is that you can’t get them in all the usual financial places. Banks don’t offer them and neither do investment brokerage firms. For the most part, you’ll be limited to buying, holding, and selling cryptocurrencies on dedicated cryptocurrency exchanges.
Cryptocurrency is typically stored in a cryptocurrency wallet, which can be either a hot or cold wallet. In addition to enabling you to access, send and receive cryptocurrency, a digital wallet also provides a record of transactions that are stored on the blockchain, as well as your current balance.
Keeping your cryptocurrency secured after you buy it is extremely essential. This is especially true if you decide to use your cryptocurrency to buy products or if you have a hot wallet. Basically anytime you use crypto online, you need to ensure your investment is secure. Having your data encrypted means that no one can see any of your online transactions. It’s an extra layer of protection that ensures both your data and your cryptocurrency purchases are completely anonymous. It makes it harder for others to hack into your accounts, especially for users who own a lot of crypto. This provides security and privacy.
“The ideal crypto-investor should be patient, have some foresight after seeing how the market behaves for a certain time period, and maintain self-control and restraint. Also one should always stay as informed as possible, because crypto evolves in a volatile manner at any time. Don’t think that you can always be ahead of a curve that is unpredictably impacted by innumerable factors.”
Experience the real crypto controlled environment, embracing the learning curve, celebrate your wins and learn from your losses. Download our app on Android and iOS, to get the real experience. Having this experience is now available at the tip of your fingers. Let’s make the curious find out what the magic of crypto really is!
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