Below is a list of resources I sent to my father to get him to adopt Bitcoin after so many years of telling him and him no understanding. I admit I wish I had put this together a long time ago. It covers Bitcoin, Blockchain, Macro economics relative to Bitcoin, and other information relative to Bitcoin. This information targets Bitcoin & blockchain and not altcoins because Bitcoin is the most trusted & secure store of value in the Cryptoverse. After reading and truly understanding the whitepaper, and also understanding traditional markets, you begin to understand its future potential.
Disclaimer: This is not financial advice, this is for educational purposes only. No referrals were used for any of the following links below. This content is not sponsored or affiliated with any third party.
Learning Resources:
Bitcoin Whitepaper by Satoshi Nakamoto - The founding document of Bitcoin
https://bitcoin.org/bitcoin.pdf
Raoul's Macro Masterclass - Broad over of current markets both traditional and digital
Bitcoin myths debunked
Bitcoin.org - Resources for individuals, businesses, and developers (privately operated)
www.bitcoin.org
How does Bitcoin work?
What is a blockchain? (video)
What is a Cryptocurrency Wallet?
**Bitcoin Blockchain explorer **- View every transaction ever made with Bitcoin
https://www.blockchain.com/explorer
Bitcoin on-chain metrics (data)
https://insights.glassnode.com/
Crypto expert explains Bitcoin to congress
What is Decentralized finance?
Financial terms dictionary
https://www.investopedia.com/financial-term-dictionary-4769738
Upcoming recession in 2022?
Reddit forum for investment ideas and info
https://www.reddit.com/r/Superstonk/
**Dollar Cost Averaging **- The smartest way enter a market
Non-fungible Tokens (NFT) explained - two videos.
Exchanges for buying/selling:
Binance (old, average-high fees, good APY on DeFi)(App only, no web browser support)
Download desktop app via www.binance.com or google/apple app store for mobile.
Coinbase (old, average-high fees, average APY on DeFi)
https://www.coinbase.com/ or google/apple app store.
FTX (new, good fees, good APY on DeFi)
https://www.ftx.com or google/apple app store.
Tradeview - Website for charting and analysing on-chart data
www.tradeview.com
Information on Cryptocurrency Projects:
Coin Market Cap - List of all coins and their related info. Best. https://coinmarketcap.com/
Glassnode - Research & investment platform (plenty of free data)
https://glassnode.com
Collective Shift - Research & investment platform https://collectiveshift.io/
Bitcointalk.org - Oldest Bitcoin forums where projects are discussed https://bitcointalk.org
Wallets:
Metamask - Universal wallet for browser and mobile https://metamask.io/
Celcius - Mobile App wallet/Exchange with APY on DeFi https://celsius.network/
Trezor - Hardware wallet https://trezor.io/
Ledger - Hardware wallet https://www.ledger.com/
Some tips from my own experience:
- Keep all your wallet keys and information in a notebook off of your devices. This adds an extra layer of security and if you lose your keys on your desktop you have a paper copy to refer to. Lose your keys and you lose access to your funds.
- Watch out for scams. Anyone offering returns for a payment is a scam. There's no get rich quick schemes. Altcoins are highly speculative for example, new emerging businesses. They have no trust so it's up to you to do due diligence when investing in these companies.
- Don't do leveraged trading. Avoid it and use Dollar Cost Averaging to get long-term value investments, no matter the market you're buying in. Leveraged trading takes years to develop a profitable strategy, you have to know macro economics to predict the market.
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Sensei Tommy K
"I'm a autodidact who's spends his life studying concepts outside the usual bounds of Society. I believe in fair and equal systems promoted through intelligent discourse. I am a secular individualist who follows no creed. Love is my light."
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