Crypto how-to guides for beginners
If you are just getting started with cryptos, the new world might look pretty confusing and even the most simple things might look complicated at first.
That's why I have decided to put together a set of how-to articles, a set of crypto how-to guides that will hopefully help you to understand a few things better.
I will do my best to add to the amount of crypto guides you can find on this page whenever I find a topic crypto newbies might appreciate.
What are the crypto guides about
I have tried to make the guides as simple to understand as possible. But as the guides do not relate any specific cryptocurrency exchange, you do need to keep in mind that we are mainly talking about the crypto basics and how things work across all exchanges.
Instead of approaching the big crypto topics like crypto trading or crypto mining in general, I have tried to approach it all with mini-topics instead.
The topics you can find here are anywhere from creating accounts to identity verification. There are also guides about trading crypto with leverage, withdrawing money from crypto exchange, identifying the best altcoins to buy and much more.
It all began with Bitcoin
But before you head over to read Cryptolorium's crypto guides, you should understand how it all started.
Bitcoin (BTC) was created from the ashes of the global financial crises in 2007-2008. It was created by a person or group of people hiding behind the name Satoshi Nakamoto.
On Oct. 31, 2008 Nakamoto sent a paper outlining his vision of “electronic cash” called bitcoin to a group of cryptographers. Most of them remained skeptical about it.
Bitcoin network launched Jan. 9, 2009 and the first ever Bitcoin transaction was sent by Nakamoto to one of the cryptographers, Hal Finney.
In 2010 Satoshi Nakamoto stopped posting publicly and the project leadership was passed on to a software developer named Gavin Andresen.
To this day nobody knows who Satoshi Nakamoto is.
There have been claims by a few people, but nobody has actually managed to prove anything and most claims have been dismissed as sad tries to steal the fame it would come with it.
Bitcoin price history
In 2011 Bitcoin was worth exactly $1. Just a year earlier, in 2010 it was worth 1/100th of that, around 0.01$.
Price | |
|---|---|
Nov 2013 | $350–$1,242 |
Apr 2014 | $340–$530 |
May 2017 | $2,000 |
September 2017 | $5,013 |
November 2017 | $7,600-8,100 |
December 2017 | $19,783 |
February 2018 | $6,200 |
December 2018 | $3,300 |
July 2020 | $10,944 |
November 2020 | $19,850 |
January 2021 | $41,973 |
April 2021 | $64,800 |
May 2021 | $30,000 |
October 2021 | $66,974 |
January 2022 | $35,000 |
Crypto world today
It all started with just on cryptocurrency, but now, a bit more than ten years later, there are thousands of cryptos around.
Some of them are good and have serious potential, some of them are just desperate attempts just to make some money for the creators.
Cryptolorium will try to help you understand which is which.