cryptocurrency quiz 7
- There are more than two thousand types of cryptocurrency
- To transfer crypto from one wallet to another you’ll need
- 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?
- The risks of investing in cryptocurrency include:
- Bitcoin has a maximum supply of 25 million coins.
- Crypto asset scams are among the most popular types of online investment scams.
- There is no difference between cryptocurrencies and crypto assets, these terms are interchangeable.
- Ether (ETH) is the digital currency for the Ethereum platform.
- How can an investor mitigate risk in his/her crypto investing approach?
- Bitcoin will retain its value and rise in price over time because there’s a limited supply.
- Historically, what has happened to the Bitcoin price following a halving?
- Not all crypto assets are securities.
- 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)
- Gas fees are transactions fees on the Ethereum network.
- Cryptocurrencies can be used for payments.
True
false
A street address
An email address
A public wallet address
Childish Gambino
50 Cent
Björk
The possibility of the government confiscating your cryptocurrency
Big price swings
A robot uprising
True
False
True
False
True
False
True
False
Adopt a dollar cost average (DCA) investing strategy
Conduct research into a cryptocurrency before purchasing it
All of the above
False
True
A significant dive in price
A significant surge in price
Price stays relatively stable
True
False
184 billion
100 million
21 million
False
True
True
False