The Time Is Now To Learn Cryptocurrency
Whenever a new technological revolution begins to take hold, the ones who stand to benefit the most are the ones who catch the wave early. Anyone who was doing anything on the Internet in the mid-1990’s was practically guaranteed to make a fortune. The first ones to figure out the power of social media, smartphones and remote hiring were similarly rewarded by picking the trend before the masses climbed on board. We are currently in a similar phase of outlandish opportunity for those who take the time to learn cryptocurrency.
But how do you actually learn cryptocurrency? It’s easy to become overwhelmed, because the information seems to be so fragmented. So, this ultimate guide to cryptocurrency education has come to the rescue. Read on to learn the only 5 things you need to do in order to get the equivalent of a master’s degree in cryptocurrency know-how.
1st: Read These Books
Books are amazing. For literally just a few dollars, you can get the collected knowledge of some very smart experts who have spent years gaining their aptitude. In particular, these five cryptocurrency books are the absolute must-reads for anyone who seriously wants to learn cryptocurrency.
- The Internet of Money – Andreas Antonopoulos: This book uses gentle analogies to provide a cryptocurrency introduction for absolute beginners. Written by one of the world’s foremost authorities on Bitcoin, who has also written the (much) more technical Mastering Bitcoin.
- The Age of Cryptocurrency – Paul Vigna & Michael J. Casey: A book which is equal parts historical overview of the origins of crypto, step-by-step pathway to building a stronger understanding of how the tech works, and well-thought-out analysis into what the future of cryptocurrency may hold. It builds on the foundations laid by The Internet of Money.
- How To Crypto – Nathan Rose: This book is for those who want to get started quickly. It skips most of the historical stuff or speculating on the future, and gets right down to the practicalities. The cryptocurrency pros and cons, how to sign up to a cryptocurrency exchange, how to choose a cryptocurrency wallet. No fluff.
- The Book of Satoshi – Phil Champagne: Methodically goes through the collected writings of Bitcoin’s anonymous founder, Satoshi Nakamoto. It lays out some of the questions that were asked of Nakamoto via email and forum posts, during the early days of Bitcoin – then gives Nakamoto’s responses to them along with some useful commentary from the author. It will help clear up any lingering questions you may have.
- Cryptoassets – Chris Burniske & Jack Tatar: This book takes on the ambitious task of turning cryptocurrency portfolio formation into a coherent framework. Highly recommended for those who want to make a meaningful investment in crypto for the long-term.
2nd: Sign Up For This Email List
Your education cannot stall, particularly in a field as fast-changing as crypto. You need to be constantly feeding your brain with the latest insights if you want to keep up with the cutting edge.
Fortunately, there’s just one email list you need to sign up for to get the best value regularly delivered to you.
3rd: Actually Buy Some Crypto, And Try To Use It
Don’t make the common mistake of attempting to get it all figured out in your head before you try crypto for yourself. You can absorb all the information you want, but your real education only starts when you start to take action.
Take the following steps to learn cryptocurrency far faster than those who restrict themselves to reading books:
- Go to a crypto exchange (such as Coinbase or CEX.io) and buy a little Bitcoin and a little Ethereum. Start small, so that if you make any mistakes, they won’t be too costly.
2. Get yourself a crypto wallet, and make a transfer from the exchange to this new wallet. Even better, try to find something to spend it on – be on the look out for “Bitcoin Accepted here” stickers at brick-and-mortar merchants, or on websites.
3. Bookmark the page coinmarketcap.com and start to take notice of how the prices move every day. This will get you interested in the news, and motivate you to learn the differences in Ethereum vs Bitcoin.
[Optional]: Go Through This (Free) Online Course
Once you’re ready to really graduate to understanding crypto on a deeper, more technical level, go through this free Coursera course, created by Princeton University. It’s going to go places which explore the mechanics of the code and how the cryptography actually works – not for the faint of heart.
If you don’t have the desire to get into this level of detail, it is fine to skip this part. You can still use crypto without knowing exactly how it works – just like you can use a website without knowing HTML code.
Finally: Attend A Cryptocurrency Meetup
If you truly want to accelerate your ability to learn cryptocurrency (or learn anything for that matter) then you must surround yourself with a community who are much smarter and/or more experienced than you are. A quick way to get started is on Facebook groups and online forums.
Joining the cryptocurrency community is a fantastic way to make sure that you are constantly exposed to a strong “mastermind” of people who can aid your own learning. Naturally, the quid pro quo is that you also offer your own experience and share what you have learned. Actually, there is significant evidence that says that says the best way to learn something is to teach it to others.
While Internet groups are a decent way of dipping your toe in the water, you will learn cryptocurrency best of all if you are willing to step away from the keyboard and meet other crypto enthusiasts in real life. Meetup.com is the best place to go to find such gatherings. You might also want to try the noticeboards at local startup hubs or co-working spaces, which tend to be fertile ground for people with an interest in cryptocurrency. Remember, you become like those you surround yourselves with.