Crypto beginner doubts

[ChillDude]

On 1/1/2021 at 12:52 PM, mad_foodie said:

Thank you all for your responses but istill didnt get an answer for question( atleast i didn’t understand). Could some one  explain  it short and simple. Thank you

1. How is crypto different from fake notes. Because companies will start their new cryptocurrency and selling it and it becomes an alternate currency over time. For me it sounds like people printing fake notes and selling them

Since u r newbie, I'll only talk about bitcoin and not other cryptos. Unlike dollar, bitcoin has limited supply. It's supply is reduced by half every 4 years. Google for bitcoin halving event.

Next halving is in Apr, 2024. Whenever this halving event occurs, bitcoin supply is reduced by half which increases it's demand and price shoots up multiple times ( In 2020 Mar $3000 - 2021 Nov $68K)

In Contrast USD has infinite supply.. Govt prints whenever it needs more money reducing its value.

BTC limitations are blockchain applications cannot be built on it. Andukey ETH became important. It supports transactions and blockchain applications.

[JANASENA]

5 minutes ago, ChillDude said:

Since u r newbie, I'll only talk about bitcoin and not other cryptos. Unlike dollar, bitcoin has limited supply. It's supply is reduced by half every 4 years. Google for bitcoin halving event.

Next halving is in Apr, 2024. Whenever this halving event occurs, bitcoin supply is reduced by half which increases it's demand and price shoots up multiple times ( In 2020 Mar $3000 - 2021 Nov $68K)

In Contrast USD has infinite supply.. Govt prints whenever it needs more money reducing its value.

BTC limitations are blockchain applications cannot be built on it. Andukey ETH became important. It supports transactions and blockchain applications.

unkul next bull run lo aina BTC 100k breach chesthunda? and ETH oka 15k ? possible