Kiana Danial

Cryptocurrency All-in-One For Dummies provides helpful advice for navigating the blockchain world and cryptocurrencies that run them — from the ins and outs of wallets, exchanges, Bitcoin, and Ethereum to investing in cryptocurrencies and even mining your own.Here, we give you bonus content that we couldn’t fit in the book.

You can’t become a successful short-term trader just by reading the news. Short-term trading is an art that combines active risk management with a great understanding of crowd psychology and price actions. Also, the cryptocurrency market isn’t as established as other markets, so trading the lesser-known cryptos on a short-term basis can be even riskier.

Simply put, a blockchain is a special kind of database. According to cigionline.org, the term blockchain refers to the whole network of distributed ledger technologies. According to Oxford Dictionaries, a ledger is “a book or other collection of financial accounts of a particular type.” It can be a computer file that records transactions.

Though it may be scary, it's a time-proven truth in investing: To earn more return, you must take more risk. When aiming to make money in the short term, you must be prepared to lose your investment (and maybe even more!) in that time frame as well, especially in a volatile market like cryptocurrencies.Another term for short-term trading is aggressive trading.

Before getting started with mining cryptocurrency, you should set yourself up with a few mining toys. When you’ve got everything up and running, mining becomes rather easy because everything happens automatically. The only thing left to do is pay your electric bills at the end of each month.First things first — here’s a brief to-do list to get you started: Get a crypto wallet.

When it comes to adding cryptocurrencies to your portfolio, keep the following two types of long-term diversification in mind: Diversifying with non-cryptocurrencies Diversifying among cryptocurrencies For more information on many of these topics, check out these Invest Diva resources: The Forex Coffee Break education course Other service listings Diversifying with non-cryptocurrencies You have so many financial instruments to choose from when you consider diversifying your portfolio across the board.

What you get from a cryptocurrency fork won’t fill your tummy, but it may fill your crypto wallet with some money! Many popular new cryptocurrencies were born as a result of a split (fork) in another cryptocurrency like Bitcoin. The following discussion explains the basics of these cryptocurrency splits and how you may be able to profit from them.