Politics and Business
5 Ways to Teach Yourself About Cryprocurrency
There are many reasons to want to learn more about cryptocurrency. Perhaps you’re keen to try your hand at investing, to see if you can make some money from Bitcoin or other digital currencies. Or maybe you’re aware that crypto will play a big part in the future of money and you want to stay abreast of current events. It is a useful topic to know about, whoever you are since cryptocurrency is becoming increasingly important in the global scheme of things. In El Salvador, for example, Bitcoin is the national currency, and in many major cities, you can see Bitcoin ATMs on the street.
It doesn’t matter if you don’t know the first thing about cryptocurrency, there are plenty of resources available to teach yourself the ins and outs of this relatively recent phenomenon. To help you educate yourself, here are five ways you can learn more about cryptocurrency.
Ask a friend
We all know at least one person who is obsessed with cryptocurrency. They have probably dabbled in investing in a few different digital currencies, and it’s all they can talk about. If you want to learn more about the subject, these people are incredibly valuable friends to have. They will no doubt be happy to talk you through the topic and share with you the secrets of their success (or failure). They will be able to give you some top tips to follow as well as mistakes to avoid when getting started on your own cryptocurrency journey.
Tale a course
The best way to gain any knowledge is to learn from an expert. There are plenty of courses available that cover almost all aspects of cryptocurrency. Work out whether you want a general overview of the topic, or a more in-depth understanding or particular currencies and investment strategies, and do some research to find a course for you. There are online workshops if you are happy to study from home, or you can sign up to an extended in-person course with a variety of academic institutions.
There is a wealth of literature out there on the topic of cryptocurrency, so it’s worth doing some research and reading a few reviews to find out the best books to read to enrich your knowledge. Some of the most popular books include The Bitcoin Standard, The Sovereign Individual, and Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies. For more inspiration, here is a great list of some of the most popular cryptocurrency books available.
Watch online tutorials
If you are more of a visual learner, you would probably benefit more from online video tutorials than books. Type in your crypto-related search queries into YouTube and you will find an enormous array of handy video guides, many of which feature diagrams and animations that help turn complicated ideas into formats anyone can understand.
There is only so much research you can do before you get started in the world of cryptocurrency, and perhaps the ebay way to learn is to begin. If you are investing, it’s wise to start small and work your way up as your knowledge increases. As with any investment, your capital is at risk so be careful!