I decided to put together a list of items for friends interested in the Crypto world. It steemed like a good idea to put some of the main ideas in one place for future reference.
Welcome to Crypto but more so welcome to Steemit. This is the new Facebook and Reddit Combined but a decentralized version.
Start
by Reading (or at least skimming) the original Bitcoin white paper- In this market analyzing white papers is an important part of fully assessing what you are investing in
or
Reading through THIS beginners guide.
Major coins are Bitcoin Ethereum LiteCoin
There are 800+ Alt Coins as well
- All of which can be viewed daily at Coinmarketcap
Wallet
where you can store your coins (paper wallet, hardware wallet, software wallet, exchange wallet)
Paper wallet-a paper wallet is a document containing all of the data necessary to generate any number of Bitcoin private keys, forming a wallet of keys. However, people often use the term to mean any way of storing bitcoins offline
Hardware wallet- Trezor, Ledger Nano s - a hardware device that allows you store your coins offline
Software wallet- Exodus, Mycelium - software with the ability to produce and store your private keys on a computer or mobile device
Exchange wallet- the wallet containing your funds in an exchange for trading use.
Exchange where you trade/buy coins
To buy Main coins:
To trade main coins for Alt coins:
Daily Information
- Steemit- important to get an account and participate! This is the future of the internet
- reddit - still strong source due to volume (Imagine when steemit is reddit size!!)
- Youtube
- telegram chats and bots(crytpoping)
-coindesk
I recommend buying strong innovative coins that you personally feel, after reading the white paper will go the distance and be 'community' builders...With the plan to HODL them long term.
If you want the ability to regularly trade alt coins or even trade main coins it is a good idea to use Coinigy This platform will make trading a lot more seamless, I wish I had started using it earlier.
My favorite Youtube Channels for Crypto News/updates?
- Suppoman
- Clif High - this is someone to pay attention to. Buying/studying Clif's reports from HalfpastHuman has directly led to profitable decisions. Predictive Linguistics is an incredibly interesting field
- Crypt0
- The modern Investor
- jsnip4
- HighonCoins
- They Call Me Dan
Other reading/tools:
- A Beginner's Guide to Blockchain Technology
- How i turned $300 into $50,000 in one year trading Crypto currency
- Controlled Supply
- FAQ
- Crypto Calculator
- Global Crypto currency Benchmarking Study- by Cambridge University & Visa
Lastly: If someone gave you 1 billion dollars or 1million Bitcoin today, what would you do tomorrow?
Best of luck on your road to freedom