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Author Topic: Whats the best way/method to learn crypto?  (Read 488 times)
Why you bully me (OP)
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April 09, 2021, 09:21:31 PM
 #1

Hello everyone!

I'm fairly new to cryptocurrency but i've invested in bitcoins years ago but never understood it. Pretty much friend told me to buy it so I did lol.

Anyway, I want to learn about cryptocurrency how they work and what its about etc. Would this be a good idea;

Learn blockchain - learn cryptocurrencies one by one like bitcoin - research how to trade using graphs and other info.

I want to make profit and learn this as much as possible.

What would you recommend?

Thank you!  Kiss
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April 09, 2021, 09:40:30 PM
 #2

I recommend you read, and learn with books or visual play,
 https://bitcointalk.org/index.php?topic=2552949.msg26019316#msg26019316
In that thread there was a reply from @eddie about bitcoin trading recommendation I think it will be off value to your quest to get trading knowledge, note you don't just read once and except to become good at anytime, it takes time so take your time, and you would get it.

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April 09, 2021, 09:40:52 PM
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 #3

Just make sure you do not rush, take one step at a time in learning it. I was a novice in 2019, but better now. These are what I did:

Learn about:
  • Bitcoin and crypto wallet
  • ICO and IEO
  • Exchanges
  • Crypto scam
  • Mining

You will need to read crypto news daily.

You can use Coinmarketcap or Coingecko to know about the existing cryptocurrencies. If you see over 7000 cryptocurrencies existing, it will surprise you, and know you can not know everything, but knowing only the good ones.

You need to also learn from this forum, it will really help you.

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HUGE
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Bitcoin_Arena
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April 09, 2021, 09:43:55 PM
 #4

I can't really point out to the exact sources or channels but Youtube is a cool place to start learning lots of things about Bitcoin from. It's got lots of tutorials, live trade videos and technical analysis for trading.
I also learned about Bitcoin from this forum and a number of blogs. I am not an expert in programming, and tech stuff, but I got enough information to help me trade for myself for profits, secure my bitcoins in safe wallets, learn the blockchain technology behind it and how Bitcoin transactions work etc.

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April 09, 2021, 10:27:34 PM
 #5

I recommend staying around to read and ask questions you don't understand and read books about cryptocurrency, blockchain, etc... if you look around the forum you'll recommendation of books on what a newbie should read.

here are some thread with book recommendations from members of this forum. I suggest you look into them
Must read books on cryptocurrency.
5 BOOKS TO READ FOR NEWBIES
Help please ! Recommend any Books, Videos, Newsletters..ETC for beginners
Good books for beginners to understand Bitcoin

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April 09, 2021, 10:40:59 PM
 #6

Check the pinned post: [General] Bitcoin Wallets - Which, what, why?
You'll get plenty of tips for you to learn about crypto in general. Although it deals with bitcoin wallets but that's going to generally help you deal with altcoins too if it's about wallets and the guides that it has suits you including the tips too.



 

 

 

 

 

 


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April 09, 2021, 10:58:28 PM
 #7

I collected a series of resources you can check upon to learn more on the specific aspects you want to dig in:

5 Resources to teach Average Joe about Bitcoin

Warning: time sink!


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akirasendo17
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April 10, 2021, 02:09:55 AM
 #8

I think there are three things to learn crypto

  • Read books
  • Research
  • Application/Experience]
Three things are the ways for you to learn them
Read books about cryptocurrency, how they work, what is the function of every coin how it process
Making a research about a certain coin, through articles and news,
and to experience it like if you are into trading, or through an application where a certain coin helps and work through the blockchain
there are lots of ways but I think this three are very important as a start.

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April 10, 2021, 10:08:04 AM
 #9


Learn blockchain - learn cryptocurrencies one by one like bitcoin - research how to trade using graphs and other info.

Blockchain is not a fundamental technology, it's more of a programming pattern derived from Bitcoin.

Learning cryptocurrencies one by one is a horrible waste of time, there's so many of them and 99.9% are garbage. Just learn how Bitcoin works, and then research a bit about alternative network design choices like PoS and masternodes, just to be informed.

Technical analysis is not an objectively the best way to trade, some even say it's akin to pseudoscience. Simply buying and hodling Bitcoin is one of the most effective strategies to make profit.

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April 11, 2021, 08:38:07 AM
 #10

I'm curious to know, in which year did you buy BTC?

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April 11, 2021, 09:02:45 AM
 #11

You can learn to the cryptocurrency if you tried to motivate yourself first it's hard to deal with a thing that you didn't like or too much curious about that thing by that you can now have an idea where to start with. I think if you are planning with bitcoin why not start what bitcoin is there are websites, articles, books, and much more telling about bitcoin. Also, you can check videos if you are not a fan of reading there are a lot of educational videos about cryptocurrency. Your last option is the experience on your own, learning through readying and watching is not enough the last part is to try it on yourself you cant learn anything just reading unless you experience it.

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April 11, 2021, 10:12:27 AM
 #12

Hello everyone!

I'm fairly new to cryptocurrency but i've invested in bitcoins years ago but never understood it. Pretty much friend told me to buy it so I did lol.

Anyway, I want to learn about cryptocurrency how they work and what its about etc. Would this be a good idea;

Learn blockchain - learn cryptocurrencies one by one like bitcoin - research how to trade using graphs and other info.

I want to make profit and learn this as much as possible.

What would you recommend?

Thank you!  Kiss

Sometimes its hard to understand some tutorial by just reading it since sometimes you will get bored reading all of the links provided so much better look for video tutorials on youtube since there are so many tutorials about how you can earn btc and alts also you will know some cryptocurrency tutorial there.

And the things you need to avoid there is those videos whos offering investment which promise to good to ve true profit.

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April 11, 2021, 10:17:31 AM
 #13

I want to make profit and learn this as much as possible.

What would you recommend?

Thank you!  Kiss
If you want to make a profit, my suggestion you need to learn to trade because you will have the opportunity to make a profit as in the crypto market, you will have so many coins that can give you the chance to make money.
But before you can make a profit, you need to spend some time learning many lessons available on the internet, including learning analysis, indicators, and how to determine the time to enter the market.
Trading can be your way to make a profit, but you do not need to follow other people to buy the coin because you need to research yourself.
Besides that, if you can analyze the coin, you can improve your trading skills and select the right coin to make a profit.
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April 11, 2021, 08:32:28 PM
 #14

I'm curious to know, in which year did you buy BTC?

i believe near the end of 2019 lol why?
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April 11, 2021, 08:40:17 PM
 #15

There are various ways to learn about cryptocurrency. You can learn too by reading threads in this forum and you can answer some crosswords if you are interested in it or you can read some books too. Once you are learning, you can ask anyone in this forum if you have some issues learning somethung you don't fully understand just like you ask in this thread looking for ways to learn and understand.

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April 15, 2021, 06:32:49 PM
 #16

Hello everyone!

I'm fairly new to cryptocurrency but i've invested in bitcoins years ago but never understood it. Pretty much friend told me to buy it so I did lol.

Anyway, I want to learn about cryptocurrency how they work and what its about etc. Would this be a good idea;

Learn blockchain - learn cryptocurrencies one by one like bitcoin - research how to trade using graphs and other info.

I want to make profit and learn this as much as possible.

What would you recommend?

Thank you!  Kiss

Well, I would like to recommend that you should watch some tutorials and visit useful sites that teach about cryptocurrency for your own growth. I, myself, am always watching tiktok videos and youtube videos of the long-time traders and they always tell their viewers to do DYOR - Do your own research. Research before taking too much risk. Know the possibility that you may either win or lose in crypto.
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April 15, 2021, 06:57:23 PM
 #17

Anyway, I want to learn about cryptocurrency how they work and what its about etc. Would this be a good idea;

Learn blockchain - learn cryptocurrencies one by one like bitcoin - research how to trade using graphs and other info.

I want to make profit and learn this as much as possible.

What would you recommend?

Welcome to the club Smiley Step one is probably to try and install Bitcoin core on your PC if you can. It's quite a big download so it might be a hassle but it gets you familiar with how the basic components work. You're right to focus on Bitcoin first because there is lots to learn - start with the best security practices, especially if you will decide to hold funds outside of an exchange. I would say it is ok to get a basic idea of how mining works, but it won't be super critical to most people as it is difficult to do profitably now. One thing you really need to learn is transaction fees and how to pay the lowest amounts - using different wallet types can literally make the difference between spending $50 to move $500, or spending $5 to move the same amount (see: bech32), this can save you a fortune in the long run. Bitcoin forks will make interesting reading as more of a curiosity than anything else. Personally, I'd stay away from trying to make money trading - you can lose a lot to learn nothing, see if you can create any products or services to raise BTC instead.

R


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April 16, 2021, 06:19:51 AM
 #18

I think there are three things to learn crypto

  • Read books
  • Research
  • Application/Experience]
This three things listed by @akirasendo17 is a good one but you also have to know OP the most common scams that is permeating the bitcoin community and how to avoid them, most newbies are the target of this people so it is better if you know something about it to reduce the possible victims of this scams.
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April 16, 2021, 08:13:04 AM
 #19

Your last step about trading is not really related to crypto. You can learn them separately, in fact, most people who trade probably don't understand a thing about the blockchain/coins they're trading with, since profits are what they're looking for. If in the long run you plan on doing some trading and seek profits, maybe you don't really have to learn crypto deeply, just the basic about a wallet, how to send crypto, how to set fees, what is non-custodial/custodial wallet, how to protect your seed/private key, etc.

That being said, mastering trading is a bit tricky and requires a lot of time. In a bull run like this you'll probably end up in profits as long as you hold until the peak, but in the bear market, you'll definitely need to rely on your skills.

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April 16, 2021, 08:55:26 AM
 #20

If you have invested in bitcoin, as you write closer to the near the end of 2019, you should undoubtedly have made a profit. I will never believe that an investor is not interested in what is happening with his money. What happened to your bitcoins? Have you sold them, lost them, or are you still keeping them?
Based on your first attitude, whether it was victory or defeat, advice can be given. If there is a good amount, then learn how to properly store bitcoin, or maybe you are interested in trading. If there is already nothing, but the desire to achieve results remains, start from scratch, read the forum, books, and do not believe in the quick earnings that are offered here and there today. There is no good profit without good knowledge.

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