What to know about cryptocurrencies and BTC

I am even putting my mother-in-law up for auction to buy more cryptocurrencies,

as you see it, it is for the good of humanity.

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There are some things you should know so that you have more confidence in cryptocurrencies, 
I will be repeating them throughout this year because next year will be a tragedy for 
anyone who does not sell before the start of 2022

The virtual currency or cryptocurrency is digital money.That means there are no physical coins or bills, everything is online. You can transfer a 
cryptocurrency to someone on the internet without an intermediary, such as a bank. The best known cryptocurrencies 
are Bitcoin and Ether, but new cryptocurrencies continue to be created.People could use cryptocurrencies to make quick payments and to avoid transaction fees.Some people might acquire cryptocurrency as an investment, hoping that it will increase in value. 
Cryptocurrencies can be purchased with a credit card or, in some cases, through a process called "mining."Cryptocurrencies are stored in a wallet or digital wallet, either online, on your computer or on another physical medium.

Cryptocurrencies are not backed by a government, but that doesn't matter, 
gold is not backed by anything either, you know that it supports it, 
it supports people like you and me, who have given it that appreciation, 
just like cryptos are supported for you and me, you understand?Cryptocurrencies are not insured by the government like bank deposits in the US are.
That means that cryptocurrencies stored online don't have the same protections that money deposited in a bank account has.If you store a cryptocurrency in a wallet or digital wallet provided by a company, 
and the company ceases operations or suffers a cyber attack, the government may not be able to act 
and help you recover the money as it could with the money that is save in banks or credit unions, 
but do not worry because if you are worried about this, I assure you that crypto insurance is already 
being born or there may already be, although I have not started to investigate about it.

As with any other investment, before investing in a cryptocurrency, know what the risks are and learn how to spot a scam.No one can guarantee that you will earn money.Anyone who promises you a guaranteed yield or dividend is likely a scammer.
Just because an investment is well known or endorsed by a celebrity does not mean it is a good or safe thing. 
That applies to both cryptocurrencies and more traditional investments.
Don't invest money that you can't afford to lose.
Not all cryptocurrencies or companies promoting cryptocurrenciesThey are equal.Look at the statements that companies that are promoting cryptocurrencies are making.Search the internet by entering the name of the company and the cryptocurrency and add words like “review”, 
“scam” or “complaint”, if you search in Spanish, add words like "comment", "scam" or "complaint" .

That's all friends, soon I will write other things you should know about cryptocurrencies 
so that you do not be afraid of them, thanks and greetings wherever you are