What is crypto-currency

Crypto-currency is a digital currency which is based on block chain technology. There are many crypto currencies which are bitcoin, ethereum, litecoin and the likes. The first crypto currency was invented in the year 2009 by Satoshi Nakamoto whose identity is purely anonymous while some beleived that it is just a name of group of scientists that invented bitcoin. Recently, bitcoin celebrate her 10th year anniversary of its existence. The other one being ethereum which is known as the second invented crypto currency. Each successive coin is treated as altcoin which means alternative coin. Digital currency is based on law of demand and supply (hence, sometimes, this asset is so scarce that investors uses large amount of money to buy).
The more investors or trade this currency has, the more liquidity it brings to the market. The more liquidity, the more the price action.

Recall, initially when the first digital currency was introduced, it was believe to be a ponzi scheme that even the government frown at it. Early investors make huge amount of money while to others revers is the case. Bitcoin price has skyrocket in the recent year but people can buy very small amount of bitcoin. There are 21 million of bitcoin to be mined but currently about 16.5 plus million coin has been mined.
Complex machine is required to mine 1 bitcoin, recall bitcoin was invented from a complex mathematical calculation.
There are things to put in place before investing in bitcoin.

Risk Warning: Do not invest the amount you cannot afford to loose.

Thanks for reading.