FREQUENTLY ASKED QUESTIONS
CRYPTO BEGINNERS GUIDE
The FAQ page is your go-to resource for unraveling the complexities of cryptocurrency, blockchain, and secure asset management. From understanding the basics of Bitcoin and blockchain to exploring practical use cases and investment strategies, this comprehensive guide addresses key questions for newcomers and seasoned enthusiasts alike. Explore the answers you need to navigate the future of finance with clarity and confidence!
PROGRAM QUESTIONS
QUESTION #1
Cryptocurrency is digital money powered by blockchain technology, offering secure, transparent, and decentralized transactions. It’s reshaping finance, creating opportunities for wealth-building, and making systems more accessible to everyone.
WHAT IS CRYPTOCURRENCY, & WHY SHOULD I CARE?
QUESTION #2
Hot wallets are connected to the internet and great for quick access but less secure. Cold wallets, which are offline, offer the highest level of security, while warm wallets strike a balance by being partially connected for convenience and safety.
WHAT'S THE DIFFERENCE BETWEEN HOT, WARM, & COLD WALLETS, & WHICH IS MOST SECURE?
QUESTION #3
The Crypto Quick Start session is a guided, hands-on onboarding to set up your warm wallet securely. It ensures your crypto ecosystem is built properly and safely, giving you the tools to confidently explore the world of digital assets.
HOW DOES THE CRYPTO QUICK START HELP ME SET UP MY CRYPTO ECOSYSTEM?
QUESTION #4
The Crypto Safe Storage service walks you through setting up a cold wallet for maximum security. It’s essential for long-term asset protection and gives you full control over your crypto with peace of mind.
WHY IS THE CRYPTO SAFE STORAGE SERVICE IMPORTANT FOR SECURING MY ASSETS?
QUESTION #5
​The Crypto Red Pill program takes you from a beginner to a confident crypto user in 90 days. You’ll gain knowledge, hands-on experience, and the skills to navigate the blockchain world independently.
WHAT CAN I EXPECT TO ACHIEVE IN THE CRYPTO RED PILL 90-DAY PROGRAM?
CRYPTO BASICS
QUESTION #6
Bitcoin is digital money you can send anywhere, anytime, without needing a bank. It works using secure technology called blockchain.
WHAT IS BITCOIN & HOW DOES IT WORK?
QUESTION #7
Cryptocurrency is digital money that’s not controlled by banks or governments. It’s faster, global, and often more private.
WHAT IS CRYPTOCURRENCY & HOW IS IT DIFFERENT THAN REGULAR MONEY?
QUESTION #8
Bitcoin was created by someone called Satoshi Nakamoto, but no one controls it—it runs on a global network of computers.
WHO CREATED BITCOIN & WHO CONTROLS IT TODAY?
QUESTION #9
Bitcoin is valuable because it’s limited, secure, and people trust it as “digital gold.”
WHY DOES BITCOIN HAVE VALUE?
QUESTION #10
Bitcoin was created by someone called Satoshi Nakamoto, but no one controls it—it runs on a global network of computers.
WHAT IS BLOCKCHAIN & WHY IS IT IMPORTANT?
INVESTMENT & RETURNS
QUESTION #11
Bitcoin can grow a lot over time, but it’s risky. Only invest what you can afford to lose.
IS BITCOIN A GOOD INVESTMENT?
QUESTION #12
You can make money by holding it long-term, trading it, or earning interest through special apps.
HOW DO I MAKE MONEY WITH BITCOIN & CRYPTO?
QUESTION #13
Bitcoin’s price changes a lot because it’s new and people are still figuring out its value.
WHY IS BITCOIN & CRYPTO SO VOLATILE?
QUESTION #14
Other cryptocurrencies can be good, but research them carefully. Start with well-known ones like Ethereum, XRP or Solana. (Not Financial Advice)
SHOULD I INVEST IN OTHER CRYPTOCURRENCIES BESIDES BITCOIN?
QUESTION #15
“Hodling” means holding your crypto for the long term, ignoring short-term price drops.
WHAT DOES HODL'ING MEAN, & WHY DO PEOPLE DO IT?
RISK & CHALLENGES
QUESTION #16
Bitcoin & Crypto itself is very secure, but your wallet or exchange account can be hacked. Use strong passwords and secure wallets.
IS BITCOIN & CRYPTO SAFE OR CAN IT BE HACKED?
QUESTION #17
If you lose it, you lose your crypto. Back it up and keep it safe.
WHAT HAPPENS IF I LOSE MY PRIVATE KEY OR WALLET PASSWORD?
QUESTION #18
Bitcoin and big crypto projects are legit, but scams exist. Be careful and stick to trusted platforms.
ARE CRYPTOCURRENCIES A SCAM OR A BUBBLE?
QUESTION #19
Many are experiments or scams. Focus on popular ones like Bitcoin, Ethereum, XRP & Solana.
WHY ARE THERE SO MANY CRYPTOCURRENCIES & WHICH ONES ARE LEGITIMATE?
QUESTION #20
Prices can drop a lot, and scams exist. Only invest money you can afford to lose.
WHAT ARE THE RISKS OF INVESTING IN CRYPTO?
REGULATION & LEGALITIES
QUESTION #21
Bitcoin and Crypto is legal in most places, but check your country’s rules.
IS BITCOIN LEGAL IN MY COUNTRY?
QUESTION #22
Some countries restrict crypto, but most regulate it instead.
WILL THE GOVERNMENT BAN BITCOIN OR CRYPTO?
QUESTION #23
You may pay taxes when you sell crypto for a profit. Check your local laws.
HOW ARE CRYPTOCURRENCY TAXED?
QUESTION #24
Regulated exchanges follow laws and are safer. Unregulated ones give more privacy but are riskier.
WHAT ARE THE DIFFERENCE BETWEEN REGULATED & UNREGULATED EXCHANGES?
QUESTION #25
Crypto offers alternatives to banks for payments, saving, and investing.
HOW DOES BITCOIN & CRYPTO FIT IN TO THE TRADITIONAL FINANCIAL SYSTEM?
FUTURE OUTLOOK
QUESTION #26
Bitcoin might not replace money but could work alongside it as digital gold.
WILL BITCOIN EVER REPLACE TRADITIONAL MONEY?
QUESTION #27
Bitcoin’s price depends on demand. It could go very high or drop suddenly.
HOW HIGH OR LOW CAN BITCOIN PRICE GO?
QUESTION #28
Bitcoin and crypto could become more widely used and valuable as people trust it more.
WHAT WILL HAPPEN TO BITCOIN IN 10-20 YEARS?
QUESTION #29
Yes, many are investing in Bitcoin, XRP or using blockchain technology.
ARE THE BANKS OR BIG CORPORATION ADOPTING CRYPTOCURRENCY?
QUESTION #30
Crypto is here to stay as it solves real problems, but some coins may fail.
IS CRYPTO JUST A TREND, OR IS IT HERE TO STAY?