Cryptocurrency has become a mainstay on the internet. It has taken the world by storm. Heavily influenced by Gen Z, cryptocurrency has sparked a fire whether it's the future or not.
A cryptocurrency is a digital currency that exists virtually, designed by a cryptographic system with no regulating authority.
Instead, it has a decentralized cryptographic system that secures online transactions and payments without the use and involvement of third-party regulators.
Therefore, due to its digitized nature, some government entities have embraced the idea of investing in cryptocurrency, while others are still skeptical about its existence.
Instead of carrying around money physically with you, cryptocurrency remains a digital entry based on online databases stored and processed in digital wallets.
Cryptocurrency has become a universal term due to its digital capability to replace the standard currencies within the coming future.
Furthermore, with the advancement and progression of technology, cryptocurrency benchmarks a high position over other standard currencies.
A Cryptocurrency Guide: All You Need To Know About This Digital Currency
Cryptocurrency is a digital medium of exchange that is encrypted and distributed. Unlike the dollar or the Euro, cryptocurrency contains no fundamental authority to maintain its value.
Its payment and transactions are processed through a peer-to-peer electronic cash system. Investing in cryptocurrency is like investing in stocks or valuable assets.
The processes of cryptocurrency don't rely on any central authority or government. Instead, it uses a decentralized technology known as "blockchain," which controls cryptocurrency operations.
Instead of existing as banknotes and coins, cryptocurrency is present digitally on the internet, more like virtual coins – whose value is determined by the market of people who seek to buy or sell them.
Blockchain spread its operations across the network of computers to allow the cryptocurrencies such as; Bitcoin dogecoin to perform without any central authority.
It keeps a record of information, making it difficult to change, cheat, or hack the system. In addition, blockchain eliminates the additional and unnecessary processing and transaction fee.
2 Things To Understand Before Giving Cryptocurrency Classes
As the demand for trading cryptocurrency increases, so does a need for jobs in the field. A report from Indeed revealed a 118% increase in cryptocurrency job postings since 2020.
So, if you're thinking of teaching cryptocurrency to beginners in the US, there is no better time for it than now.
Cryptocurrency generates and transfers digital funds in the absence of central authority. So, with no centralized regulatory body, there's room to build a career and develop business skills.
Teaching cryptocurrency involves self-funded investment and trading strategies.
However, planning to give crypto courses online isn't easy. First, you will have to hone your skills and determine which type of cryptocurrency training you would like to teach.
Let's have a look at some ideas to help you get started. The five most significant and most beneficial cryptocurrencies by market capitalization are:
| Cryptocurrency | Market Capitalization |
|---|---|
| Bitcoin | $828.2 billion |
| Ethereum | $372.7 billion |
| Tether | $78 billion |
| Cardano | $40.4 |
| Solana | $38.5 |
1. Blockchain Development
Blockchain development is a decentralized digital ledger that records transactions on billions of computers worldwide.
It's one of the most critical topics to teach because every cryptocurrency uses blockchain development. It's responsible for verifying and tracking the multistep of transactions.
Understanding blockchain development can help students better understand the purpose of investing in cryptocurrency.
Secure transactions, less compliance cost, and quick data transfer are prominent benefits of studying blockchain development.
2. Algorithm Cryptocurrency Trading
Algorithmic cryptocurrency trading is a process that uses a computer to regulate a potential direction the market could take.
This type of trading is often used in a number of the financial trading markets such as stocks, Forex, cryptocurrency, and many others.
Cryptocurrencies like Bitcoin, dogecoin, Ethereum, etc., are the digital assets of your market. Trading of these digital currencies involves a couple of trading rules such as;
- Technical Indicators: These are responsible for analyzing the historical data based on price, volume, and interest of contracts used by the trader to predict future inflation
- Statistical Arbitrage: A practice of employing large and diverse portfolios to perform trading on a short-term basis. It determines the stock ranking and constructs a market portfolio
Why Teach Cryptocurrency Classes
Teaching cryptocurrency trading for beginners can be a lucrative source of a career in finance, banking, and the corporate industry.
If you have the analytical skills and the proper knowledge about crypto, you can teach cryptocurrency classes.
Unlike fiat money, teaching cryptocurrency provides reliable and long-term value.
The limited supply and effectiveness of cryptocurrency governed by mathematical algorithms can make it impossible for any centralized authority or government to dilute its value through inflation.
Below are some key benefits of teaching and learning cryptocurrency:
| Traditional Currency | Cryptocurrency |
|---|---|
| Government Bank holds the money | Control over your money |
| Centralized authority implement rules | Decentralized system. Blockchain verifies payments and transactions |
| Bank policies and regulations may limit the transferring ability | No limits on transactions |
| Additional compliance or transacting cost. | Free transactions |
| Dependence on representatives and banks to ensure your money is safe | Cryptocurrency has a blockchain that records public transactions |
Quick Transactions
Cryptocurrency has a transaction cost of zero. The fees for transferring or processing the money from a digital bitcoin wallet to a bank account are nothing. Cryptocurrency gives the investors ability to perform transactions at any time.
Cryptocurrency transactions are even quicker and more reliable than wire transfers. For example, a wire transfer takes a half-day to transfer the money from one place to another.
In contrast, cryptocurrency transfers cash within minutes. So instead of setting up a bank account with documentation and paperwork, cryptocurrency can be used by anyone.
Enhanced Security
Thanks to blockchain, cryptocurrency help in executing secure payments. Understanding crypto can help you differentiate between the standard and cryptocurrency.
The public ledge is present in a computer network that records every cryptocurrency transaction. The use of encryption also aims to verify and trace the transactions.
No Chargeback Fraud
One of the most complicated problems for retail and online businesses is the chargebacks. Often, customers buy a product and cancel the order, or in worst cases, reverse the payment.
This aspect is highly detrimental to businesses and results in a considerable loss in the long run.
With cryptocurrency, it's almost difficult to expect a chargeback fraud. The blockchain records every payment and transaction, making it impossible for the user to cancel or reverse the transaction.
So, once a person has paid, the payment is permanent. Therefore, it can't be reverted in cryptocurrency unless they reach out to the business for a refund, only if it's necessary.
When a cryptocurrency is processed, all the confirmed transactions and payments are stored and recorded in a public ledger. In addition, the record contains encrypted identities of coin owners to ensure legitimacy.
Theft Of Identity
The public ledger in a blockchain ensures all the transactions in the digital wallet are accurately calculated.
Furthermore, the transactions are checked thoroughly to ensure the current purchaser owns the coins paid.
Smart Contracts
Ethereum is a cryptocurrency that has a smart contract. These provide an irreversible and fraud-free blockchain.
The smart contract by cryptocurrency takes a safer approach to execute the contracts without court system involvement.
Moreover, a smart contract is so reliable that Ethereum (type of cryptocurrency) has surpassed Bitcoin and other currencies.
Financial Stability
The majority of US investors consider cryptocurrency as a precarious investment. It could be due to the US dollar being the most reserved and stable currency globally.
However, some countries like Venezuela, Canada, Australia, and Spain prefer crypto to secure money.
Where To Give Crypto Lessons
Since cryptocurrency is in its infancy stage in terms of the market, it may be challenging to find large organizations that actively teach cryptocurrency.
However, some small functioning institutions and financial firms like Superprof offer cryptocurrency certification.
It's a proven fact that money is a motivational factor for everyone. So everyone works hard to make a decent amount of money to lead a normal life.
It wouldn't be unfair if someone goes to extraordinary lengths to make money. However, everyone is on the hunt for a successful career to help them settle their lives.
Hence, planning to teach crypto-currency classes can carve a road to a long-term successful career. With that said, several financial institutes and online platforms offer comprehensive cryptocurrency guides.
These guides can help people better understand the procedure of investing in cryptocurrency. So let's look at some rewarding courses that you can learn in cryptocurrency:
| Course Name | Category | Fees |
|---|---|---|
| The complete cryptocurrency investment course | Best overall | $84.99 (or $9.99) |
| Crypto currency fundamentals | Beginners course | $94.99 (or $10.99) |
| Algorithmic cryptocurrency trading | Advanced strategies | $99.99 (or $10.99) |
| The complete cryptocurrency and Bitcoin trading course 2021 | Passive strategies | $124.99 (or $13.99) |
| Cryptocurrency trading: Technical analysis master class 2021 | Best interactive | $124.99 (or $13.99) |
| Cryptocurrency foundations | Best value | $29.99 per month ($19.99 per month paid annually) |
As more people explore cryptocurrency, it's okay to feel a little overwhelmed by the countless options, especially if you don't know how much to charge!
However, with at least 4,500+ cryptocurrencies available, taking cryptocurrency lessons might help you start out.
However, if you want to help people harness the power of technology behind cryptocurrency, assigning yourself as a crypto tutor at Superprof is the first right step.
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