How do I store my tokens?
Do I need to know anything about cryptocurrency to be in this group?
No. Everyone is welcome!
How do I learn about Bitcoin and/or other cryptocurrencies?
There is a lot of free and open-source information available for your learning. If you excel at self-study, the best way to learn is by teaching yourself! However, we recognize that everyone learns differently, which is why this community exists. Never hesitate to ask for help, but DYOR first!
Is cryptocurrency the same as stocks?
No, the stock market are companies you invest in. Cryptocurrencies are digital currencies, but should not be treated as fiat currency.
What is fiat currency?
Fiat currency is a legal tender that was made and backed by that country’s government.
What happens if the Internet goes down? Would you lose everything?
If that happened then you are talking about a global wide EMP, which usually means nukes were launched and we all be dead or dying. Also if you had a paper wallet then technically you still have those digital assets. You’ll just have to find an electronic device that can read it. I know I hear you. It’s a catch-22.
What is a paper wallet?
A printed piece of paper that has a specified amount of cryptocurrency on it.
What is the difference between cold storage and hot storage?
Cold storage would equal a paper wallet or a computer that is offline. Hot storage is a piece of hardware (smartphone, computers) that is connected to the Internet.
How are prices calculated for the various cryptocurrencies?
Price is calculated by taking the volume weighted average of all prices reported at each market.
What is the difference between Ethereum and Ethereum Classic?
Ethereum has gone through many developments over the course of its life since its introduction. A major development is the ‘forking’ of Ehtereum into two currencies.