CONFUSED NEWBIE

[Nelkel007]

     
            Attention!!!
     Can someone educate me about crypto currencies. What are they?
How do they work?
How do you buy them?
How do you transfer them?
How do you trade them for cash?
Does their value fluctuate like traditional currencies?
Are  their any risk to owning them?
Is there a fraud risk?

[1715292351]

1715292351

[1715292351]

1715292351

[1715292351]

1715292351

[Bitcoin_Arena]

Can someone educate me about crypto currencies. What are they?

They are virtual or digital currencies that are based on cryptography and hold an economic value thus can also be used as a medium of exchange

How do they work?

Read here: https://en.wikipedia.org/wiki/Cryptocurrency

How do you buy them?

Through centralized and decentralized crypto spot and P2P exchanges.

How do you transfer them?

From one address of the blockchain to another of the same cryptocurrency

How do you trade them for cash?

Same answer as your third question

Does their value fluctuate like traditional currencies?

Of course the value fluctuates. Even way more volatile than tradition currencies

Are  there any risk to owning them?

The biggest risk is volatility and then maybe hacks or theft of your funds from your personal wallets in case your private keys or login credentials get leaked

Is there a fraud risk?

Definitely we have so many scam coins and tokens, scam exchanges and scam investimate programs or ponzi schemes

[milewilda]

     
            Attention!!!
     Can someone educate me about crypto currencies. What are they?
How do they work?
How do you buy them?
How do you transfer them?
How do you trade them for cash?
Does their value fluctuate like traditional currencies?
Are  their any risk to owning them?
Is there a fraud risk?

- A cryptocurrency is another form of digital currency which uses cryptography to secure and verify transactions and to manage and control the creation of new currency units. Source

-How do cryptocurrencies work? Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.Source

-How to buy? neither do P2P or you can in exchangers. Same goes on how you would make out some conversion to fiat.

-When it comes to fluctuation then volatility level is way too far off with those fiat which is one if the biggest differences between them.

-Risk? Of course, since prices are moving in wide  ranges then you can neither gain or lost up money in a short time.

-Scam is everywhere thats why only stick out into those top alts into the market and of course Bitcoin should be prioritized.

[harizen]

This will be a long-read so spend time:

https://www.google.com/search?q=what%20is%20bitcoin
https://bitcointalk.org/index.php?topic=1631151.0

You can also consider using your favorite search engine and hit the search bar with the questions you have listed. You can also refer to some Youtube videos that try to explain bitcoin in layman's terms as much as possible.

It will take time before you understand the basics but just involved with reading crypto-related stuff everyday and soon you will understand those slowly.

[cryptoaddictchie]

It's been answered already mate. I suggest when you asked questions here, come here when Google can't supply what you need. These are basic questions that can be searched.

Best tip. Use Google and filter those you can't understand and talk here. I know you are newbie but let's not rely on all answer feeds. We can do it ourselves to find out what we need.

[arbiter5]

http://letmegooglethat.com/?q=how+bitcoin+works

[OcTradism]

It's been answered already mate. I suggest when you asked questions here, come here when Google can't supply what you need. These are basic questions that can be searched.

Best tip. Use Google and filter those you can't understand and talk here. I know you are newbie but let's not rely on all answer feeds. We can do it ourselves to find out what we need.

I quickly looked at post page and my feeling is this is merit chasing topic. It is soft to answer questions if it is real question. You are correct to guide OP to make search with Google. It is not hard enough to unable get answer from search and learn with Google help. The forum has its Search tool too: https://bitcointalk.org/index.php?action=search

[Maus0728]

     Can someone educate me about crypto currencies. What are they?
How do they work?
How do you buy them?
How do you transfer them?

All of the answers to your question can be found here. So I think it would be better to just give you some good resources for you to have something to read in case you want to have clarification about a particular concept.
[1] https://www.lopp.net/bitcoin-information.html
[2] https://en.bitcoin.it/wiki/Main_Page

How do you trade them for cash?

It depends on what fiat currency you will be using. Some people prefer using P2P platform for exchanging their cryptocurrencies back to fiat currency and vice versa while other people just prefer using cash app who supports cryptocurrency. This is just a general idea in terms of exchanging currencies since there are lots of ways available unless otherwise your country is not being cryptocurrency friendly.

Here are some examples for P2P Trading Platform
[2] https://hodlhodl.com/
[3] https://bisq.network/

Does their value fluctuate like traditional currencies?

Yes. Cryptocurrency is significantly volatile than that of traditional currencies that is why it imposes a higher risk for people who doesn't know what they are doing and has a poor risk management in terms of trading.

Are  their any risk to owning them?
Is there a fraud risk?

There are lots of risk, however, if you are planning to start getting into crypto then at least knowing how you can safely store your bitcoin or any other coin can greatly minimize the risk involved.
[4] https://notyourkeys.org/

[libert19]

Why not just search on Google or some other search engine, like fr these can easily be found on your own :/

[AniviaBtc]

Why not just search on Google or some other search engine, like fr these can easily be found on your own :/

The reason why we are here is to teach and enlighten people to understand cryptocurrency and blockchain technology.

But it is true that they should have some idea first so that they are not that ignorant when we try to explain something in a certain thread.

Also don't always rely on someone, try to explore and make yourself independent when you want to learn more. We are just here to give you some tips, guides, and based on experiences knowledge.

[lovesmayfamilis]

     
            Attention!!!
     Can someone educate me about crypto currencies. What are they?
How do they work?
How do you buy them?
How do you transfer them?
How do you trade them for cash?
Does their value fluctuate like traditional currencies?
Are  their any risk to owning them?
Is there a fraud risk?

OMG, there were people who answered you.
And why not rewrite the whole forum for all these questions?
After all, the world revolves around the OP, isn't it?
Finally, he came to such reasonable questions, hurray, hurray.
Our newbie, not a confused newbie, but a very cunning.
Gives everyone advice on how to behave here.

Yes, you can post as many as you like, just after 15_20 minutes.. don't copy and paste, I love your spirit, it's really good for a start. Good luck!! I wish you well.

@ranochigo you have said it all.  The merit system is here to stay,for equity. I sincerely wish people stop all this spamming and redirect all the efforts and time copying someone's else's work to studying how the forum works. it's easier when you learn from our Noble elders on this great forum.  @ranochigo is a sure example. I believe in learning.

Learning never ends.

 but ops, he boldly copies and pastes.
But he can do that, yeah.

https://bitcointalk.org/index.php?topic=1926895.msg55897735#msg55897735

[jademaxsuy]

Do not worry you will going to learn them one by one. Just take your time to learn on it and do not take it fast because learning has its own phase. So, reading a lot here in the forum will do. You can also start a post and sure you will get a good reply from every user that will going to reply in your post. I advise to just patience and every thing you do you should start small like buying crypto of which money you can afford to lose. Transfer small amount of crypto also to test out the system and beware of all scam, phishing site and fraud people.

[GeorgeJohn]

     
            Attention!!!
     Can someone educate me about crypto currencies. What are they?
How do they work?
How do you buy them?
How do you transfer them?
How do you trade them for cash?
Does their value fluctuate like traditional currencies?
Are  their any risk to owning them?
Is there a fraud risk?

I think many people has render solution to the question op, is left for you to look into response carefully and select those informations that suit to your understanding or knowledge, is good to ask question and it will enable you to comprehend things that are unknown to you, I recapitulate by saying, read all the comments stanza by stanza in order to understand it.

[YOSHIE]

How do they work?
How do you buy them?
How do you transfer them?
How do you trade them for cash?
Does their value fluctuate like traditional currencies?
Are  their any risk to owning them?
Is there a fraud risk?

There are seven (7) questions that the OP asks, if answered one by one, it may take a full page for the OP's questions.

For that briefly the answer to the OP's question, can be seen below.

Answer number one.
1. Topic: How does Bitcoin work?

Answer number two.
2. Topic: How to buy Cryptocurrency?

Answer number three.
3. Topic: How Can I transfer BTC from Bitcoin core to Any Mobile Wallet?

Answer number four.
4. Topic: Buying and Selling Bitcoin with Skrill

Answer number five.
5. Are cryptocurrencies better than regular currency

Answer number six.
6. Topic: Is crypto.com investment legit and safe?

Answer number seven.
7. Topic: 🔴💥 SCAMS of our bitcointalk 💥

Something yuor will never know if we have never studied, seen and read.

[akirasendo17]

it's a digital currency, what you need is a wallet, in exchange you can have a wallet although as everyone says not your keys not your money, it is where you can use your money for trading.
Also, check if your country doesn't ban cryptocurrency you might go to jail in some countries I think.
if you want to buy using bitcoin you can check these company also where they accept bitcoin
https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
price is volatile means it can change from time to time, don't transact with people who you don't know, avoid being a scam, don't invest on 100% investment return its a false advertisement good luck.

[decodx]

I wonder if our CONFUSED NEWBIE will ever come back to this topic again?
I don't think he will ... 

[The Cryptovator]

How confused newbies? I don't see any reason. All the answers related to your question has been discussed a lot of times on the forum. You could find it simply by using the forum search button. I will encourage for this good practice, you would get many threads related to your questions. As other users said even Google and YouTube would help you with your native language. Just spend more time on the forum and read more than creating new topics. It will help reduce spam and gain more knowledge about cryptocurrency. You can't learn everything just within a single day. It isn't a poem that you can learn within a single day.

[Smartvirus]

Every crypto enthusiast who has eventually found him or herself here i consider a lucky or fortunate user. The strict rules of this forum has made the forum in such a way that, unverified jargon can not be published on the boards without being deleted or reported hence, information available are often on point.

Answers you get from this thread is just a tip of the ice berg though they are accurate but in complete. A full detail is put distinctly in the posts across board so, I won't be answering any of those questions directly rather I'll be giving you some insights on how to follow up and answer the questions by yourself.

All you've got to do is to develop a reading and research habit. Never feel a post is too ambigus to read, take your time to read through to understanding because, what doesn't apply in one post might answer the questions in another aspect.

[lovesmayfamilis]

I wonder if our CONFUSED NEWBIE will ever come back to this topic again?
I don't think he will ...  

https://bpip.org/Profile?id=2891626

[decodx]

I wonder if our CONFUSED NEWBIE will ever come back to this topic again?
I don't think he will ...  

https://bpip.org/Profile?id=2891626

He (she) was banned an hour after my post. I wonder why. He was obviously a very confused newbie. LOL!

EDIT:
I found it. Plagiarism (copy paste):
https://bitcointalk.org/index.php?topic=1926895.msg55897735#msg55897735

Good riddance!