What is flipping a cryptocurrency?

Put simply, flipping involves the reselling of a product with the sole aim of making a profit. Many people today buy cryptocurrencies and then sell them straight away if the price is right. A cryptocurrency is a kind of digital money, i.e., it exists purely electronically. BusinessDictionary.com has the following definition of the term:

What is flipping and how does it work?

Flipping involves buying an asset and then selling it straight away. The aim is to make a quick profit. Flipping is a form of speculation in which the speculator moves rapidly. We can apply the term to stocks and shares and real estate. We can also apply the term to commodities.

What are the two largest cryptocurrencies by market capitalization?

Among the 18,000-plus cryptocurrencies in existence, Bitcoin and Ethereum are the two largest cryptocurrencies by market capitalization. Bitcoin, the original and largest cryptocurrency, was developed in 2009 as an alternative monetary asset. It was meant to be an alternative to the U.S. dollar and other fiat currencies.

What is crypto & how does it work?

Crypto are digital assets —they have no tangible form. Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions.