Digital Currency - Joshua Rainville by

Video #1

joshuarainville — 2025-03-30 15:46:40 UTC

This video is great for beginners who are looking to get informed with the world of digital currency. It teaches many important concepts without trying to sound fancy and overall is very simple for new viewers. The main thing I would take away from this video is that digital currency is very safe when making transactions and it does not need to go through banks or anything. People are sometimes worried about the security of digital currency and I wanted to highlight this point specifically to eliminate that fear.

Introduction

joshuarainville — 2025-03-31 13:57:28 UTC

Hello! After viewing this padlet wall you will be a little more informed on one of the newest forms of investing money: Digital Currency. I will explain what it is, the risks in it, and how even you can get started!

Video #2

joshuarainville — 2025-03-31 14:35:27 UTC

This video mainly covers the difference between banks and digital currency. It explains how digital currency function within our financial system, their benefits and concerns. Its worth watching since it gives a clear and concise explanation of digital currency, making it valuable to anyone that is interested in a future of this. The key take away I think is that digital currency can make transactions faster and it provides a different way of making purchases, in person or online.

Video #3

joshuarainville — 2025-03-31 14:44:39 UTC

This video is great for people who are actually looking to start using and investing in digital currencies. It gives the basics on choosing certain currencies and understanding key concepts like wallets and market orders. It offers some essential tips for beginners to start trading. Its worth it to watch since it gives a step-by-step approach to beginners without overwhelming them with a bunch of information. A key take away is some advice, don't start out with large investments. Start with small amounts and learn market trends and risk management before you start trading large amounts.

Video #4

joshuarainville — 2025-03-31 14:57:12 UTC

This video provides an in-depth but easy to understand explanation on how digital currency operates. It goes in depth on the transaction side of digital currency like explaining the blockchain (A system in which digital currency transactions are stored). The video takes these concepts and breaks them down in an entertaining way making it fun and engaging for people who are trying to learn how digital currencies work behind the scenes. The key point I would take away is the blockchain technology he spoke about. It makes sure that transactions are secure and decentralized from banking institutions.

Website #1

joshuarainville — 2025-04-01 01:33:12 UTC

This article explores whether or not digital currency can be used in transactions and if they store value. It explains how digital currencies, like bitcoin, can be used as a medium of exchange but struggles with keeping its value. It also raises an interesting point on how digital currency can be treated as property rather than currency. The key point I got from this article is although digital currency can be used like regular money to buy things, it struggles with keeping its value and is very inconsistent.

Website #3

joshuarainville — 2025-04-01 01:41:19 UTC

This article explores more than just online transaction, instead it goes through real world applications. It goes over how they can be used like normal in your day-to-day life, but also as investment tools. They explain how digital currency has many different roles in different parts on the internet like decentralized apps and even gaming industries. One thing I found really interesting was how gaming companies take digital currencies as payment now.

Website #2

joshuarainville — 2025-04-01 01:50:23 UTC

This website delves into the future of digital currencies and what it may look like. One of the biggest pieces of information on this article is El Salvador's adoption of bitcoin as legal tender is shaping the digital currency world. These currencies are seeing a lot of mainstream attention which may also lead to more usage in the future. My main take away was the adoption of bitcoin in El Salvador. If a country can have a digital currency as legal tender, then other countries may do the same in the future.

Website #4

joshuarainville — 2025-04-01 02:16:03 UTC

This article provides good information on the various risks when it comes to digital currency. Although you can make a lot of money with digital currency, it can also go the other way and you might lose money. Two main things I got from this is the volatility risks of digital currency and the hacking risks. The volatility I have gone over in previous posts so I will focus more on hacking. Since digital currency is all online, it is more prone to hacks. Even though there are precautionary measures to stop this from happening, highly skilled individuals still might find a way into your wallet. This often deters people from ever starting digital currency.

Image #1

joshuarainville — 2025-04-01 02:27:33 UTC

I like this image since it shows the correlation between digital currency and trends. Digital currency and trends go hand and hand since the market is always changing and you need to analyze these trends in order to succeed in the world of digital currency.

Image #2

joshuarainville — 2025-04-01 02:27:57 UTC

This image shows the sheer amount of digital currency you can invest in. There are so many more beyond this image, with new currencies being created daily. The opportunities to succeed are almost endless, provided you put in the effort.

Conclusion

joshuarainville — 2025-04-01 02:28:28 UTC

The thing I learned most about my topic is how easy it is to get started on this journey of trading these digital currencies. At first it seems daunting with all the options and market trends, but if you simplify it and take it one step at a time anyone can succeed. A real life example I have is that my friend is actually into investing in these currencies and I thought it would be nice to actually get an understanding on the topic. I also think it's relevant to today's day-and-age since everything is going digital it might be nice to get a head start on something like this. If I could pass on some information, I would pass on how to start investing in digital currencies to my family and friends. I think it's a good way of investing and it can be used in different ways. Although it is a risky market, I think anyone can succeed.