This post is to help the curious to get started researching and investing in cryptocurrency with my list of some of the best resources and experts to learn from.
What is cryptocurrency?
Digital money. Cryptocurrencies run on blockchain technology which provides a de-centralised system of tracking and verifying transactions on a global basis. It's possible to send and receive at any time to any location. Fees are less than traditional payment transfer methods and it offers more control over your personal finances. Whilst prices are volatile people have been and have the potential to make massive returns on their investment.
Like with the web in the 90's, companies are constantly being birthed to provide new more effective ways of doing things. As with the 90's, these applications have not fully ripened in terms of user experience but the reward potential is high for those who can spot the Googles and Amazons of the future.
Bitcoin is to cryptos what Banksy was to the graffiti art movement. It is powered by the hive mind of some of the brightest developers on the planet and an unrivalled global grid of computers.
Here's an overview to whet your appetite and get context:
Some of the best no-nonsense experts and channels I like to learn from:
1 - Andreas Antonopoulos:
one of the rare breed of tech masters who can also communicate, teach and evangelise.
Bitcoin for beginners
2 - Ameer Rosic:
entrepreneur that knows how to create content that is super accessible, punchy and useful
How to invest in cryptocurrency. Super beginners guide.
Step by step guide to bitcoin
https://blockgeeks.com/guides/what-is-bitcoin-a-step-by-step-guide/
3 - Trace Mayer: one of the earliest bitcoin evangelists.
An introduction to Trace Mayer and his work
Daily/Regular shows on YouTube
4 - World Crypto Network: thought leaders increasingly doing live streams during eventful times: https://www.youtube.com/user/WorldCryptoNetwork
5 - Crush the Street: good guest interviews on this one:
https://www.youtube.com/user/CrushTheStreet
6 - Crypto's News: over 40,000 subscribers popular YouTube channel for regular news
https://www.youtube.com/user/obham001
7 - Adam Meister: daily show - plus interviews guests
https://www.youtube.com/user/BaltimoreHourly
8 - Dollar Vigilante: Jeff Berwick another early evangelist
https://www.youtube.com/user/TheDollarVigilante
Once you're ready to take that first step, here's what I recommend you do:
Buy some bitcoin - just a part of 1 coin at Coinbase.com
Start small. The key is to step over the line into ownership.
You'll need to verify yourself for anti-money-laundering when setting up account. Passport picture for example.
If you're in UK, you'll need a bank account that can do SEPA payments.
Send transfer of Euros to the account they name.
Use the Euros to buy and then store initially in your Coinbase vault.
Here's my affiliate link if you'd like us to get a kick-back - https://www.coinbase.com/join/5870fbcdf35ce67b3f3fd6d3Buy a Ledger Nano S (https://www.ledgerwallet.com/)
Move the bitcoin from Coinbase to your Ledger
Everyone I know recommends getting your coins off an exchange and into your own hands. The journey of cryptocurrency involves taking sovereignty and security over our wealth.
Feel free to ask questions in the comments.
I post curated updates regularly at https://twitter.com/carlrodrigues
By the way, this site Steemit is powered by cryptocurrency and a blockchain de-centralised platform. If you like what you've seen and are logged in, you can upvote and I'll receive Steem coins as a result. How cool is that?