cryptocurrency quiz 7

1. There are more than two thousand types of cryptocurrency
True
false
2. To transfer crypto from one wallet to another you’ll need
A street address
An email address
A public wallet address
3. Bitcoin has received many endorsements from celebrities such as Ashton Kutcher, Jamie Foxx, and even DJ Khaled. But which performer was the first to start accepting the digital currency for their records?
Childish Gambino
50 Cent
Björk
4. The risks of investing in cryptocurrency include:
The possibility of the government confiscating your cryptocurrency
Big price swings
A robot uprising
5. Bitcoin has a maximum supply of 25 million coins.
True
False
6. Crypto asset scams are among the most popular types of online investment scams.
True
False
7. There is no difference between cryptocurrencies and crypto assets, these terms are interchangeable.
True
False
8. Ether (ETH) is the digital currency for the Ethereum platform.
True
False
9. How can an investor mitigate risk in his/her crypto investing approach?
Adopt a dollar cost average (DCA) investing strategy
Conduct research into a cryptocurrency before purchasing it
All of the above
10. Bitcoin will retain its value and rise in price over time because there’s a limited supply.
False
True
11. Historically, what has happened to the Bitcoin price following a halving?
A significant dive in price
A significant surge in price
Price stays relatively stable
12. Not all crypto assets are securities.
True
False
13. One of Bitcoin’s defining features is the limit on the total amount of coins in circulation. But how high exactly is the limit? What is the largest amount of bitcoins to ever be produced? (Hint: it’s a trick question)
184 billion
100 million
21 million
14. Gas fees are transactions fees on the Ethereum network.
False
True
15. Cryptocurrencies can be used for payments.
True
False