What is a blockchain?
- A wallet for cryptocurrenciesNope, that’s just called a wallet.
- A way to trade cryptocurrenciesNope, not quite.
- A way to track which cryptocurrency is hot right nowNope.
- A ledger that contains a record of a cryptocurrency’s transactionsThat’s right!
When you invest in crypto instead of owning it, which of these statements is true?
- You still own the coin and are exposed to price changes.No, that’s not quite right
- You don’t own the coin, but are exposed to price changes.That’s right!
- You only get a cold wallet instead of a hot one.No, that’s not quite right.
- You only get to trade the cryptocurrency while markets are open.Nope, you can always trade and invest in cryptocurrencies.
Cryptocurrencies are risky assets. How much could you theoretically lose if you invested in one?
- Up to 20%.No, that’s not true.
- Up to 50%.No, that’s not true.
- Up to 100%.That’s right!
- More than you invested, if the cryptocurrency goes negative.No, this isn’t possible.
What’s the best way to handle a risky asset:
- Invest only a small amount.This is only partly right.
- Invest from a discretionary fund.This is only partly right.
- Bet it all! To the moon!!!No, this isn’t right.
- Both №1 and №2That’s right!
Is there a downside to not investing in risky assets?
- The downside is opportunity cost, missing out on potential gains.That’s right!
- The downside is your friends making fun of you.No, that’s not right.
- The downside is becoming too confident about the low-risk investments we have.No, that’s not right.
- There are no downsides to playing it safe.No, that’s not right.
4
of 5
🔥 Nice!
You are firmly on your feet and seem to be ready to enter the stock market, but you are still stumbling over some issues. Our course will help you walk lightly and confidently. But be prepared to act on your own in the future.
Lesson 4
How are crypto coins created? Our guide to mining crypto
Lesson 4
How are crypto coins created? Our guide to mining crypto
