What Is The Best Way To Learn About Cryptocurrency?
The history of the world is full of revolutions and we can proudly say that today we are watching another one. Crypto is a digital currency that can be traded online for almost everything. Crypto was invented in 2008 by Satoshi Nakamoto, who is an anonymous person or maybe a group of people. Cryptocurrency is elevating really fast and it is already taking its place in almost every field.
Given the circumstances, it is essential for every one of us to follow the steps of crypto. As it is a new digital currency, people are facing difficulties in understanding what crypto is. In order to make the concept of cryptocurrency clear for everyone, we have come up with some interesting ideas to help you learn about crypto. Given below are the four major sources to learn about cryptocurrency.
There are many sites that you can visit to gain knowledge about cryptocurrency. The ways are different: you can take online courses to better understand the concept, or you can start trading online and learn in the process.
You can find various websites which offer online courses. You even find some courses on Youtube. Upon completion of these courses, you will have enough knowledge to trade, mine, invest and fully understand cryptocurrencies. You will have full knowledge of the mistakes that are made by new investors, how to watch out for mining risks and scams, how to read charts, and what makes a cryptocurrency a great long-term investment. Once you know the basics, you can better learn the concept of crypto directly in the process, but you should be careful while choosing where to trade.
You can find plenty of books on cryptocurrency in bookstores. Some books also contain guides for investing in cryptocurrency. But, which one is the best? There is a list of five recommended books by the expert of digital currency –
- David Birch: The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order by Michael Casey & Paul Vigna
- Digital Cash: The Unknown History of the Anarchists, Utopians, and Technologists Who Created Cryptocurrency by Finn Brunton
- A History of Money by Glyn Davies,
- Paid: Tales of Dongles, Checks, and Other Money Stuff by Bill Maurer and Lana Swartz,
- The Basics of Bitcoins and Blockchains by Antony Lewis.
Those books will help you better understand the utopian roots of crypto, their uses and functions, the technologies behind them, and their role in the history of money.
Bitcoin White Paper
Another great way to learn about Crypto is to read Satoshi Nakamoto’s Bitcoin White Paper. It was the first document, which outlined the principles of a trustless, cryptographically secured, peer-to-peer electronic payment system. “ I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party” – those were the first words of the email, sent by Satoshi Nakamoto, which was releasing the Bitcoin white paper 12 years ago. Even today, nobody knows who Satoshi Nakamoto is. The world has not heard from them since 2011, but fortunately, everyone can read the Bitcoin White Paper online.
The most entertaining way to learn about crypto is to watch related movies. It may even be the best option, because hours of research can be very tiring and who would not take the chance to gain knowledge while relaxing on movie night?
Before you decide to completely rely on the facts which you have seen on your screen, you should carefully choose the right movies to watch. In my opinion the best crypto movies are:
- “Bitcoin: The End of Money As We Know It” directed by Torsten Hoffmann and Michael Watchulonis (released in 2015)
- “Trust Machine: The Story of Blockchain” which is an investigation of Alex Winter (released on October 26, 2018),
- “The Rise and Rise of Bitcoin” directed by Nicholas Mross ( released on April 23, 2014),
After watching those movies, you will be able to better understand the concept of cryptocurrency. Watching these documentaries is the perfect way to spend your evening effectively.
To sum up, we can learn about crypto, without leaving your home, from different sources such as websites, books, Bitcoin White Paper, and even movies. Each of these sources is unique and helps us better understand the purpose and future of cryptocurrency.
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