Did you know there were? Of course you did. But can you put some of the most popular cryptocurrencies into right category? Of course you can. Then prove that you know your crypto assets like nobody else. Take the quiz:
Hodl, FOMO, FUD, ATH, Altcoin, Bag Holder, ICO, Token, ... The crypto trading world is full of insider terminology that is interesting, if not necessary when following crypto conversations on Telegram, Twitter or elsewhere.
With the growing appeal of cryptocurrency trading, more and more beginners enter the world of trading without any idea of the differences between coins, tokens, CFDs or even a basic understanding of leverage and risk management. A simple cry to HODL, often a recommendation from a friend, is where they start. But they should quickly improve their skill set to advance their trading careers if they want to have more than a simple crypto position.
Note: This article is part of a series of beginner authors writing about their passions in the world of learning to trade and invest. The author is stating his personal opinion based on his own trading learning journey and his views are not representative of Tradimo or meant as financial advice in any way. Now enjoy :).
Two billion people don't have access to a bank account. These so-called "unbanked" are worth 380 billion dollars combined. Why don't the banks accept them as customers? It is too expensive for the traditional banking system to provide banking services for these 30% of the world population. They aren't able to send money, make loans or have a saving account, which means they are basically cut off from the world of finance. Why don't banks offer a cheaper solution? The traditional banking system contains numerous middlemen, unnecessarily complicated processes, their terms are rigid and their policies non-transparent.
Cardano is a blockchain project founded by Charles Hoskinson, former co-founder of Ethereum. Launched in 2017, it now has the fifth-highest market capitalisation of all cryptocurrencies, currently around $9 billion.