Free digital currency training from zero to one hundred in simple language

Table of Contents

19 Minutes Read

English فارسی (Persian) Türkçe (Turkish)

Today, digital currency education is very hot due to its popular market. Many people are looking to invest and enter the world of cryptocurrencies. With the digitization of all industries, fields and everything in the world, money has become very popular in digital format. Cryptocurrencies allow people to buy goods and services and invest. Anyone anywhere in the world by accepting the risk of investing and learning digital currency for free can enter a part of their assets in the digital currency market and start trading.

But in order to enter the wide world of cryptocurrencies and succeed in this market, you need to understand the mechanism of this system and learn digital currency from zero to one hundred. In fact, to survive in this market and win in it, you will need a complete understanding of market concepts, appropriate strategy, efficient facilities and tools, and real-time analysis.

Therefore, in this article, I intend to explain to you, dear newcomers to the world of cryptocurrency, all the necessary information to start working as a trader and investing in digital currency. My suggestion is that without understanding the mechanism of this market and learning the basic concepts, do not invest your capital in the financial markets, including the digital currency market. With digital currency training from zero to one hundred, you will learn the necessary information to understand the world of cryptocurrency as much as possible and to enter the market and be profitable.

So stay with me to learn more about free digital currency training topics.

What is digital currency training?

Digital currency training from zero to one hundred is very necessary for people who are looking for a safe investment solution and have a lot of assets and capital.

Of course, people who have little capital and are unable to enter other financial markets can also learn digital currency trading. Because these people have often experienced high fluctuations in the housing, car, etc. markets, and they are looking for a safe way to invest, and they prefer to have dollar income.

Blockchain and cryptocurrencies are technologies that have been used to change conventional laws with the aim of replacing financial and monetary systems with high transparency and security.

In recent years, digital currency activists have been able to get high profits from this market and grow their capital several times. In the cryptocurrency market, there are many ways to earn money, such as trading or buying and selling, cryptocurrency mining or mining, etc. There is.

With digital currency training from zero to one hundred, you can be profitable and earn money by getting to know these methods and learning the professional market. In fact, making significant profits and investing in digital currency does not require magic, and you can get the necessary information to enter the profitable world of digital currencies only with the free digital currency training that I will discuss further.

Free digital currency training basic concepts

مفاهیم	معانی
Cryptocurrency	This term means crypto, cryptocurrency or encrypted digital currency.
cryptocurrency	This term is interpreted as digital currency.
Queen	This term represents the specific coin for each cryptocurrency. Coins have their own blockchain network.
token	The coin of some cryptocurrencies that do not have a blockchain network and is implemented on the system of other cryptocurrencies is called a token.
Bitcoin	The world's first digital currency, known as the mother of cryptocurrencies, was created in 2008 by Satoshi Nakamoto.
Altcoin	This term means alternative coin and includes all digital currencies except Bitcoin.
BTC	Bitcoin is the abbreviation symbol that represents this cryptocurrency in the market.
Shatcoin	This term represents aimless cryptocurrencies that are likely to be destroyed.
meme coin	These cryptocurrencies are also similar to Bitcoins and have humorous features. Shiba Ino is one of these types of cryptocurrencies.
Stablecoin	These cryptocurrencies are developed on the basis of a real digital currency and are its price.
Tether	Tether is a stablecoin based on the US dollar. Its price is based on one dollar and it is traded.
White paper	It is a PDF document in which the structure and specifications of each digital currency are mentioned at the time of introduction.
miner	A miner is a term used to describe a cryptocurrency miner.
Bitcoin mining	Mining is cryptocurrency mining, which refers to the production of new digital currencies by some computer activities.
Mining pool	A software space where many miners coordinate their mining for easier settlement of digital currency transactions.
Decentralized	Decentralized means that data and information are publicly available to all members without registration in any organization or institution.
Digital wallet	A digital wallet is a software for storing cryptocurrencies.
Digital currency exchange	Digital currency exchanges allow users to buy and sell Bitcoin and other cryptocurrencies.
fiat currency	Real money without backing is called fiat currency.
Consensus algorithm	Among the users, the information in the network of a cryptocurrency is agreed by a structure called consensus algorithm.
fork	Cryptocurrencies that are a branch of other digital currencies are called forks.
Market Gap	The market value of each digital currency is called market gap.
ICO	The initial offering of digital currencies is called ICO.
Hold or Hodel	It is called long-term storage of cryptocurrency.
Cattle market	The rising market of digital currencies is called a bull market.
bear market	The falling market of digital currencies is called a bear market.
the whale	Very large investors of digital currencies are called whales.
Pump and dump	The large ups and downs of a digital currency during the day are called pumps and dumps, which are often caused by whales.
Spot trading	Direct transactions of digital currencies are called spot transactions.
Futures transactions	Buying and selling digital currencies through leverage is called futures trading.
Trade in digital currency	Trade means buying and selling cryptocurrency. Most of the buying and selling and fluctuations in the period of time are called short trades.
Digital currency trader	A trader is a person who trades in the cryptocurrency market.
Sticking	This concept means assigning cryptocurrencies to a proof-of-stake based blockchain network to receive rewards.

What is digital currency?

Digital currency is a type of virtual money, decentralized, encrypted and based on blockchain technology. One of the main features of digital currencies is that they are not issued by any central authority; In this way, governments will not interfere in their maintenance and management.

Digital currencies officially started in 2008 with the creation of Bitcoin. Today, more than 5000 different cryptocurrencies are circulating in the market, of which Bitcoin and Ethereum are two examples of the most familiar names.

Cryptocurrencies have entered our world for more than a decade and attract more people every year.

In fact, it can be said that digital currencies are a type of money that can be used globally without physical restrictions. These currencies are available to people based on the Internet and are also referred to as virtual money.

These cryptocurrencies can be considered the future of trading and financial exchanges in general. Many people consider digital currencies, like other investment markets such as precious metals and the stock market, to be a short way to achieve great profits. However, it is better to know that cryptographic digital currencies are based on a system according to which the possibility of safe online payment is provided;

Therefore, you can use all kinds of digital currencies to use services and buy goods. In addition, all digital currency transactions are confirmed by high computing power, and the transaction cost is very low compared to other traditional methods.

The difference between digital currency and regular currencies

There are certain differences between common currencies that are used in our world and digital currencies, which are necessary to be aware of for digital currency training. For example, one of the differences between these currencies and ordinary currencies is their irreversibility. so that if you transfer the digital currency to the wrong account during the digital currency transfer, you will consider that amount as lost; Because in the decentralized digital currency system, it is not possible to track and return the currency by identifying it. This is while in normal currencies, in case of a wrong deposit, it is possible to return it by following up and checking with the bank.

Among other differences between ordinary currencies and digital currency, we can point out whether they can be identified or not. In the user account of people active in the field of digital currency, they are not asked to enter personal information; While in bank accounts for regular currency, a person must provide his personal information to the bank in question. In the continuation of the free digital currency training, I will point out the advantages and disadvantages of digital currencies in explaining their difference from ordinary currencies.

The digital currency market from the past and the birth of Bitcoin until now

In 2008, a person or group of people with the pseudonym Satoshi Nakamoto first designed a cryptocurrency called Bitcoin. Before that, the term digital currency still had no meaning and the price of Bitcoin was around $0.5 that year.

Users could easily obtain a large number of this currency at that time. Even games were designed that gave people some bitcoins for doing certain things. Therefore, gradually with the passage of less than a decade, we saw the further expansion of Bitcoin and the emergence of more cryptocurrencies. Bitcoin has grown significantly since 2011 and has become one of the payment methods for companies. This cryptocurrency is an open source technology that has no controller or owner and anyone can edit it and participate in its development and improvement.

Bitcoin has become one of the most popular and valuable cryptocurrencies today. After Bitcoin, many development teams were formed to create their own digital currency and bring it to the market. Basically, all the digital currencies that entered the market after Bitcoin, aimed to replace Bitcoin.

Ethereum was one of the most famous cryptocurrencies introduced after Bitcoin, which currently has the highest price after Bitcoin. Due to the growth and expansion of digital currencies, many people decided to invest in the cryptocurrency market. If you are one of these people, it is better to first watch digital currency training from zero to one hundred to avoid losses in this market.

What is blockchain?

Blockchain consists of two words block and chain. Literally, blockchain means block chain; When we talk about the block chain, we mean chains of digital information in which each block stores this information. In fact, each block in this chain stores transaction records such as date, purchase amount, time and information of sellers and buyers.

In other words, blockchain is a type of data and information registration system or distributed, decentralized and shared ledger. This network eliminates the possibility of hacking and manipulating or deleting registered information. You can use a pseudonym in transactions and make your purchase without identity information and with a unique digital signature.

After storing the information, the blocks are connected to each other in the form of a chain and form the blockchain chain. Each of these blocks has a special hash, which has a text string consisting of mathematical functions. Hash in the system prevents fraud.

Blockchain information is not stored on a specific server, but any system that connects to the network can receive a copy of the information. Any computer that is connected to the network and receives a copy of the blockchains is called a node.

Knowing the types of currency categories in digital currency education

In digital currency training, you must first familiarize yourself with the categories of digital currency. This category is created based on the type of use of cryptocurrencies;

Paid digital currency

These cryptocurrencies are created to replace real money. These digital currencies are used to pay the price of products in transactions. Some of the most famous payment cryptocurrencies include Stellar, Ripple, ZCash, etc. are.

Exchange cryptocurrency

Famous and well-known exchanges have their own cryptocurrency. Users can do their transactions with lower fees using this exclusive digital currency. Binance Coin is one of the most famous exchange digital currencies.

Financial digital currency

These digital currencies are used for lending and reducing exchange fees. People who do not have enough capital can increase their capital by using these digital currencies. Uniswab, Crew, Kava and Compound are examples of financial cryptocurrencies.

Infrastructure digital currency

These cryptocurrencies have been developed due to having a very powerful blockchain network in order to pay transaction fees among other cryptocurrencies. A very large infrastructure is required for this type of digital currency. Ethereum is one of the most famous infrastructure digital currencies. Other infrastructure digital currencies include IAS, Cardano, Dot, Solano, Tron, Elgorand, Vives, etc. Cited.

Service tokens

Service digital currencies are meant for users to use the service cryptocurrency blockchain to solve their problems. Among the most important service currencies, FileCoin, ChainLink, Storge and CIACoin can be mentioned.

Media and entertainment digital currencies

Entertainment cryptocurrencies are often used in computer games and betting or in virtual networks. Some of these cryptocurrencies include Flo, Bet, Adios, Chillies.

Types of coins and digital currency tokens

Based on what we mentioned in the first part of the free digital currency tutorial, coins are cryptocurrencies that have their own blockchain. This has caused the coins to not be dependent on another cryptocurrency. Below are some of the most important coins:

Bitcoin

Ethereum

Cardano

Ripple

Bitcoin Cash

Litecoin

Solana

Unlike coins, tokens do not have their own blockchain and are implemented on the blockchain of other cryptocurrencies. Some of the most important tokens include:

Tether

Dai and Beth

China Link

Most of the existing cryptocurrencies, which are added to their number day by day, are tokens. Ethereum is one of the most famous blockchain network that accepts token cryptocurrencies.

The possibility of converting a token to a coin in the future is high. Tokens are widely used in the market and trade. In this regard, it should be noted that people do not fall into the trap of Bitcoin tokens. Some tokens are Bitcoins and have no value or purpose. Creating a token in the blockchain is not a difficult task and anyone can create a new token in 2 hours and profit from uninformed people.

Advantages of digital currencies

It is difficult to express the characteristics of cryptocurrencies due to their diversity and abundance based on the structure and conditions of each one. But in general, in this section of digital currency training, I will mention some of the advantages of cryptocurrencies:

Decentralization

Cryptocurrencies do not rely on any institution or organization and do not have any central office.

Low fee

Fees for transfers and transactions in most digital currency networks are much lower than traditional banks.

No possibility of cheating

One of the main characteristics of cryptocurrencies is the impossibility of fraud in transactions. Of course, this feature only includes valid cryptocurrencies, and chatcoins and memecoins are not included in this category.

No need for authentication

Users in the cryptocurrency market can buy and sell digital currencies without being identified by other people. The name of any person as a buyer is not registered anywhere. Blockchain security prevents people from intruding into the investor’s privacy.

Fast transactions and transfers

One of the characteristics that cryptocurrencies must have is high transaction speed. This advantage allows you to perform thousands of transactions during the day. Such a high speed of transactions has caused traders to hope for their future and consider them as an alternative to money.

high security

Valid currencies from the best banks in the world are also more secure. Because all transactions and information in them are encrypted. Therefore, the information is unknown even to users.

Knowing the disadvantages of digital currency is one of the requirements for starting digital currency training

Despite the many advantages that I have mentioned, digital currency markets also have minor drawbacks. By knowing the necessary information about the disadvantages of digital currencies in digital currency training, you can enter this market with a broader view. Here are some of these disadvantages:

No support

Digital currencies have no physical support and appearance in the real world and exist only in virtual space. Thus, when the internet is lost, there is no trace of your assets.

Not having any supervision

Many investors consider this feature of digital currencies as an advantage; But the lack of any supervision in digital currencies may cause some people to worry.

Lack of sufficient information for some currencies

Some digital currencies have little information. Trading on these cryptocurrencies involves a high risk. Maybe these cryptocurrencies will become valid and valuable in the distant future, but in any case, the lack of sufficient information can be troublesome.

The possibility of easy development of cryptocurrencies

In the past, cryptocurrency development required a developer with strong computer science and programming knowledge. But today, due to the fact that tokens do not need a specific blockchain, a person on the internet can easily create a special digital currency with a few easy clicks.

What are the uses of digital currency?

In this section of digital currency training, I will mention some of the uses of digital currency:

The possibility of maintaining capital in a safe environment
Avoiding sanctions, especially for Iranians
Transfer money with a small fee
Making a transaction without the intervention of any person or entity
Possibility of use for transactions in global markets
Earning profit through investment

Investing in digital currency

Some cryptocurrencies have grown almost more than a million times during the next year. This means that if you had invested a million in these cryptocurrencies, you would be considered one of the big billionaires right now. Of course, in the field of investing in the digital currency market, one should be logical and realistic.

Because if you don’t have the spirit of capitalism and control over your fear and greed and consider the financial risk, you will face failure.

Therefore, first, before any investment in this market, you must see the digital currency training from zero to one hundred and acquire the 4 necessary knowledge that I will mention below:

Attention: Technical analysis without fundamental analysis will be an incomplete analysis. Therefore, it is suggested not to rely on the results of this analysis alone for investment.

To achieve success in investing, what is important is digital currency education in the 4 above knowledge. The cryptocurrency market experiences many fluctuations; So that the currencies that had no value in terms of fundamentals, may face a lot of growth. Or the currencies that behaved too slowly based on the trend line analysis, may become a powerful currency.

A mistake caused by not knowing about cryptocurrencies and not learning digital currency can destroy your entire capital.

Download the technical analysis book

the writer: Thomas Myers

Translation and adaptation: Farhad Moghadam Salimi

Methods of generating income from digital currency

Another important part of digital currency education is how to earn money from cryptocurrency. In the continuation of this article, I have discussed some methods of generating income from the cryptocurrency market;

shareholding

(Staking)

Lending

(Loaning)

Liquidity supply

Liquidity

Cultivate

(Yield Farming)

Blockchain games and

NFT

Security of digital currencies

Due to its complex technology, blockchain has made hacking almost impossible for hackers. In fact, the use of encryption algorithms and techniques such as hash functions, elliptic curve encryption, private and public keys protect blockchain information and block entries. The basic algorithm of blockchain security is the Proof of Work algorithm. Algorithm (POW) is used in the blockchain network to generate new blocks in the blockchain chain and confirm transactions. This algorithm is based on complex mathematical calculations that are performed by miners and at the same time they are rewarded.

Proof of Stake algorithm is another algorithm in blockchain security. Some blockchains are designed in such a way that users are able to buy part of the network shares by buying part of the native currency of the blockchain. By allocating the purchased shares to the network by participating in the transaction approval process, these people receive rewards based on the value of the shares and the time it is blocked in the network. In addition to blockchain security, transactions require two-factor authentication. It should be noted that the security of private keys is very important because if other people have access to those assets, your assets will be at risk.

What is a digital currency exchange?

Digital currency exchange is actually a kind of middleman between buyers and sellers of cryptocurrencies who receive a commission or fee from traders in exchange for transactions. You can buy, sell and convert cryptocurrencies in this digital market. One of the most important things in safe investment is choosing a reliable and reliable digital currency exchange. Because some unreliable exchanges cheated users and took their assets away from them. On the other hand, some other exchanges have heard news about very high fees, wrong news about fees and failure to cash out users’ accounts.

Digital currency exchanges are divided into two categories: foreign and domestic. Some of the advantages of operating in foreign exchanges include the presence of stop loss or loss limit in most reliable and high-quality foreign exchanges and the possibility of insuring assets in some exchanges. On the other hand, operating in foreign exchanges has disadvantages, such as sanctions for Iranian users and the risk of capital loss, the need for a VPN and changing the IP address, and account blocking and asset blocking in case of VPN failure. Now, below, I will discuss some of the benefits of working in the Iranian exchange:

Introducing the best digital currencies

At the end of the free digital currency training, I will introduce some valid and popular cryptocurrencies. Knowing these digital currencies allows you to identify the leaders of the cryptocurrency market and analyze these markets easily. The best digital currencies include Bitcoin, Ethereum, Solana and Tether.

Bitcoin

Bitcoin is introduced as the first digital currency, the king of cryptocurrencies. All currencies in the world owe their development to Bitcoin. Currently, the largest volume of transactions in the cryptocurrency market is dedicated to Bitcoin digital currency. In fact, Bitcoin is the leader of digital currencies in the cryptocurrency market. The movement of the Bitcoin market determines the trend of all altcoins and other cryptocurrencies. By knowing Bitcoin and its movement process, you have the possibility to recognize the direction of movement of other cryptocurrencies and you can analyze them.

Ethereum

Another important currency in digital currency education is Ethereum. In the ranking of cryptocurrencies, Ethereum digital currency is in the second place of the best cryptocurrencies. Ethereum has become very popular among users due to having the best blockchain network. Most analysts have considered the future of Ethereum even brighter than the future of Bitcoin.

Solana

Solana digital currency is in the third place among cryptocurrencies. Considering its trend, this cryptocurrency will have much better conditions than Bitcoin and Ethereum in the near future. In order to understand it better, we can refer to the comparison of transaction speed in the Ethereum blockchain. At its best, the Ethereum blockchain is capable of 10 transactions per second. But Solana digital currency can perform 50,000 transactions per second with the lowest fees for users.

Tether

Tether digital currency has the fourth place among the best digital currencies. Stablecoin Tether usually accounts for the largest volume of transactions. This issue is also due to the strong support of this cryptocurrency. This has made users trust this cryptocurrency a lot.

The future of digital currencies

As you know, digital currencies are expanding and developing day by day with suitable platforms. The purpose of creating these currencies is that all people can eventually replace paper bills or government currencies with cryptocurrencies. In the meantime, governments that initially opposed digital currencies are accepting them over time and intend to endow themselves with it.

Therefore, we can predict a bright future for digital currencies. Therefore, with the ever-increasing spread of cryptocurrencies, the need for digital currency training to enter the cryptocurrency market is felt more. Therefore, I tried to mention the basic concepts of digital currency education as much as possible in this article. So that you can have the necessary information in this regard based on zero percent digital currency training to enter the digital currency market.

What is digital currency (Cryptocurrency)?

Digital currency or cryptocurrency is a type of digital money that operates in a decentralized manner on the blockchain network and is designed using complex cryptographic protocols.

What is the reason for the popularity of digital currency and cryptocurrencies education?

Decentralization, reducing the risk of fraud, ease of use, very low even negative inflation, etc. of digital currencies are the most important reasons for the popularity of digital currencies and people’s efforts to educate digital currency.

What person or people manage the digital currency?

Due to its decentralized nature, digital currencies are not managed by any third party, institution or organization. In fact, each node has the right to vote in the blockchain platform and can be influential in the management and future decisions of the network.

What is the backing of digital currencies?

People’s acceptance and trust in cryptocurrencies is their support. Most of the people who have been affected by currencies without fiat support have been encouraged to learn digital currency and invest in it due to the decentralization and transparency of digital currencies.