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Hi, I’m sure many of you are probably sick of answering this question, so apologies in advance.

I’ve been following (not trading) BitCoin for the last year. A few friends etc have invested in it, etc.

I have a few questions:

01 - I know this is hard to call, but I’m sure I’m too late to the BitCoin game, BUT are all crypto currencies the same in this regard or are some only worth very small now but could potentially explode like BitCoin?

02 - How do different things influence different crypto currencies, or are they all influenced by the same thing?
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LVL 27

Expert Comment

by:aburr
1.  all crypto currencies are not the same.    Some could explode.   If i knew which ones, I would not be here.
2.  different things influence different currencies.   All are influenced by the same psycological tendencies.
all are subjected to code breaking, mining problems, accountability ....
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LVL 68

Expert Comment

by:btan
1. Conceptually the same such as use of blockchain but use cases and underlying algorithm like mining may differs.

2. For each, separate between transactional and monetary properties. While Bitcoin remains by far the most famous cryptocurrency and most other cryptocurrencies have zero non-speculative impact, investors and users keep an eye on several cryptocurrencies. Eventually it is the return that matter on its value. Every cryptocurrency comes with a promise, mostly a big story to turn the world around. Few survive the first months, and most are pumped and dumped by speculators and live on...

Nice article for 101
https://blockgeeks.com/guides/what-is-cryptocurrency/
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Author Comment

by:oo7ml
Thank you. I'm considering buying Etherum.

Three final questions:

01 - what is the best site to buy it from?

02 - do you have to buy one full coin, or can you buy a smaller amount?

03 - how hard is it to get your money back out if you wanted to sell?

Thank you in advance for your help.
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LVL 68

Expert Comment

by:btan
Suggest you consider asking these questions instead of putting these as post. Thanks.
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LVL 24

Expert Comment

by:Andrew Leniart
@btan

Nice article for 101
https://blockgeeks.com/guides/what-is-cryptocurrency/


Great article! Thanks for posting that.
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