Can Some one Explain What is crypto currency?

Sorry that I cannot be of help since I am not also familiar with that

yes I heard of this too but then I know a lot of people who lost money to crypto.

Sorry. I don`t know about Crypto Currency. I hope some of mylotters can help you

Hi! I'm sorry my friend but I have been out of circulation for quite sometime because of some offline job-related tasks. Anyway, like what our friends have said, there is no such thing as risk-free investment, that is why we always need to stick with the golden rule in investing, "invest only what you can afford to lose". Personally, I would only spend time to collect those free cryptocurrencies and those are what I am using for some sort of investment. I am a conservative type of investor so I make sure that I only deal with things that I understand. There are two kinds of investment which I currently engaged with. First, interest. Some sites give interest for the balance that we have, so I would keep my earnings so as to get income from interest. Second, trading. The idea here is to buy low and sell high. But it's a complicated thing and we need to constantly monitor the price of a crypto. We can lose everything that we have with one wrong move. This is the reason why many people are hesitant to try this. But we can learn slowly. Thank you for opening this discussion but I want to say that I am also on a learning stage. We are just lucky in our place that we have a site that we supports 4 cryptocurrencies so I can transact using that app/site for my transactions.

I tried investing in bitcoin in 2017 but stopped because my investment was losing value. I don't know about crypto. All I know is you buy them, hold them then sell them when the value is high. I hear they use much energy. They are banned in some countries

That's the same question I am curious about. Have been hearing a lot about these currencies making big and going a lot in circulation. On many sites like FC and BMF, I keep reading posts around the same. But I understand little about it. I know that they are more than in thousands by different names and each one has its own value. They are not backed by any government and investment there involves risk too. But these all are the vague ideas and bits and pieces that I have picked up. I too would like to understand it more.

I have never invested in cryptocurrencies, only collect and then trade them and some coins are staked.

Firstly there are several things you should know before you throw in your hard earned money. - you have a good start because you asked here first and you wanted to learn, never ever invest on something you do not know or have very little knowledge of - you need to accept that there is always risk in any investment or business otherwise we would all be rich by now lol. - learn and understand first the laws in your country, you wouldn't want to end up with a government that would impose bans, sanctions, freeze on your assets. I could teach you but the laws in my country is different from yours, the Philippines is a cryptocurrency friendly country but I think I could not say the same for India or China. Later on it would be advisable to learn more from somebody who knows investing from your country. -------------------- If you have done all of the above, the first thing you need to know is how to get a wallet. The wallet will hold all your coins. It is also where you will receive and send coins that you have. Concentrate first on a single coin to invest in because there are thousands of crypto. Bitcoin is good for starters because it's basic and the most popular. - research the types of wallet like web wallet, phone app wallet, hardware wallet etc...each have their advantage and disadvantages so you need to pick what is suited for you based on your research. - another important thing to take note of is your address inside your chosen wallet, its a long code and it's what you need to receive coins.Address is your identity just like how email works on the net! Wallets also have keys or a set of words that you need to write down so that incase you change devices you could recreate the wallet in the newer device. This is all confusing at first but you will get familiar with it as you go along , it's similar to learning the computer and internet for the first time. I would end here because this is a very broad subject, you could ask me again after you have finished learning about wallets

Everything has a risk including crossing the road.

You know this is a very complex theme. And the risk is always there, nonetheless, Bitcoin (others are less important) will eventually overtake today's currencies like US Dollar, Euro, etc. When you'll invest in Bitcoin, just don't be scared because it fluctuates around $100 a day. I was mad at myself for not investing in Bitcoin in 2009, but the fact is that it isn't too late - the future of Bitcoin and other cryptocurrencies is now. Check some of my articles, short about Bitcoin for beginners on Medium (Loti Kojc)