Introduction to Crypto Currencies

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Some basic fundamental concepts of blockchain and crypto currency.

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A currency is money in any form when in actual use or circulation as a medium of exchange. The UN recognizes 180 national currencies as legal tender. Some Asian nations have paper bills pegged at over several thousands for just a dollar. Asia has many least valuable currencies than any other continent.

While the value of some of these currencies is deliberately kept low for specific reasons, value of most of them is low due to poor leadership. Here are the 7 most worthless currencies in the world as of 2014, with exchange rate in Unite States dollar.

7) South Korean Won (1 US dollar = 1,101.49)
South Korea has deliberately manipulated its monetary policy to keep its money cheap. This makes the nation’s exports cheaper than those of competitors like Japan. How come the home to global giants like Kia, Samsung and Hyundai has a currency worth .0008 US$ ? It’s simple. They like it that way. They deliberately manipulate monetary policy to keep their money cheap which makes their exports cheaper than those from competitors like Japan.

6) Iraqi Dinar (1 US dollar = 1,154.44)
Plunging oil prices and terrorist activities are impacting the value of Iraqi Dinars negatively. The oil-rich nation is basically enmeshed in a brutal civil war without any cohesive social fabric to pull it back together. It’s not looking good for the Iraqi dinar revaluation.

5) Cambodian Riel (1 US dollar = 4,055.64)
Cambodia is still very poor; average annual income is just 6 and malnutrition among children is widespread. Although Cambodia is rich in natural resources, years of war and internal conflict have made it a poor country. The popular tourist destination’s future looks brighter. Tourism accounts for 17% of the Gross Domestic Product. There’s oil being found.

4) Laotian Kip (1 US dollar = 8,063.87)
Around three-fourths of the work force of Laos is engaged in growing rice. More than a third of the nation’s population lives below the global poverty line of US .25 PPP a day. Lao economy is growing quickly but ¾ of the work force is tied up in growing rice. The government’s goal to come off from the UN Development Program’s list of least-developed countries by 2020 is achievable.

3) Indonesian Rupiah (1 US dollar = 12,869.98)
Awful infrastructure, rampant corruption and foot-dragging bureaucrats are affecting the value of the Indonesian Rupiah. The archipelago nation subsidizes gas prices so much, it doesn’t have enough left over to build modern infrastructure.

2) Vietnam Dong (1 US dollar = 21,385.80)
Vietnam is astonishingly exotic and utterly compelling nation. The value of the Dong is kept low to boost exports. The nation has been, for much of its history, a predominantly agricultural civilization based on wet rice cultivation. Deep poverty has declined significantly in Vietnam. The dong is kept low to boost exports and everyone seems to like it that way.

1) Iran Rial (1 US dollar = 26,954.18)
Asia’s number least valuable currency is Iran Rial. Iran is hit really hard by the international sanctions over the nuclear program. This West Asian nation’s economy is a mixed economy. Around 60 percent of the economy is centrally planned. Iranian president said recently that the country has the potential to become one of the ten largest economies in the world within the next three decades.

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Introduction to Crypto Currencies

Some basic fundamental concepts of blockchain and crypto currency.

NEW Technical Analysis Course: https://chartguys.com/courses/entries-exits/

Please Signup for a FREE trial on our website to learn Technical Analysis:
We offer multiple hours of live webcam coverage a day, in addition to continuous chat room coverage. Join the community today
https://chartguys.com/membership/

Find more information on commodities and Crypto technical analysis:
http://www.thechartguys.com/tickers/crypto
http://www.thechartguys.com/tickers/commodities

Chartguys.com Crypto Technical Analysis Facebook Page:
https://www.facebook.com/thechartguys...

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24 thoughts on “Introduction to Crypto Currencies

  1. Tim Van Cutsem

    One of the best traders I follow every day! Keep up the good work. Learned a lot from you already

  2. Reality Matters

    I complained regarding his stupid advertisement and he is firing back at me, he was so retarded to expect he was getting all the compliments on his nonsense analysis HA HA HA HA HA HA HA

  3. Ayabulela Nochiliza

    This crypto thing is full of SCAMS. There is a SCAM company called Smarttradeoption.com, they scammed me $5000. look out for ths number:+1(518)721-7256. They use it to scam people. You open an account in their platform and thats how they scam you

  4. smacd1978

    @thechartguys I am a dad of four working traditional 8 to 5 job but going part time and interested in trading on my day off. Would you recommend your annual membership to someone like me who can't do full time trading but has one full day a week plus some early mornings and late evenings to trade? Thanks for the content you've been putting out.

  5. Honesty Hd

    is there a hotkey to create horizontal resistance/support lines at the high/low of a candle on tradingview? (I know alt+h to create a line, but I dont wanna add the values manually)

  6. AKO SI-ANO

    Why did bitcoin drop so hard tonight after breaking 10k. It hit 10750 and fell to 9800. Now it's falling back from 10500 toward 10k. Is it big amount being sold that drop it like this?

  7. Darcy Cardinal

    "At $1900 a coin" and it's now over $9000 and $149 billion market cap at the time of this comment.

  8. 226.FLA

    I am reading everywhere to not leave coins/positions on the exchange itself (GDAX), and instead, for security, to transfer to a wallet. Is that what you do? But then, how could you actively trade a crypto currency? And how would you protect from downside if you were not able to set a stop?

  9. T.A. P.

    Thanks for this informative video, Dan. I'm trying to get started in Technical Analysis so I can begin trading cryptocurrency part time. What are some courses you suggest for a beginner/someone who has minimal education in trading?

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