Re: golden rules a newbie getting into crypto currencies must know and adhere to?
⭐ Merited by Welsh (2)
Man I am overwhelmed with information on how to start my crypto journey. If you have any golden tips/rules to live up to, please share
Maybe you should start by don't feel overwhelmed!!
In Netflix you have a documentary about bitcoin. Is not bad, and also really interesting, for in there you will see how bicoin was developed and meet some of the mean names involved in its creation. This is not going to teach you how to trade or invest, but at least you will have a good panorama about the history and the issues the cryptoworld had and have to resolve (legal terms, tech discussion and so).
There are books related to Bitcoin where you can learn how the blockchain works:
- Blockchain Revolution: How the Technology behind Bitcoin Is Changing Money, Business and the World by Don and AlexTapscott
- Mastering Bitcoin: Unlocking Digital Cryptocurrencies by Andreas M. Antonopoulos
- Blockchain: practical implications of a revolutionary technology for financial markets and beyond by DLA Piper (Global Law Firm)
- https://www.ecb.europa.eu/paym/pdf/infocus/20160422_infocus_dlt.pdf
Also besides the forum, you have the "Bitcoinwiki", where you can learn a lot about how this works: https://en.bitcoin.it/wiki/Category:Educational
I recommend to you the educational section, and if you pick the "Mastering bitcoin" one you will be lead to some great content:
Bitcoin.org Developer Documentation
Mastering Bitcoin from O'Reilly (DRM-free book; May 2015 edition)
EPUB format
PDF format
Mastering Bitcoin: Programming the Open Blockchain from O'Reilly (DRM-free EPUB; June 2017, 2nd edition)
GitHub page
author's book page
Mastering Bitcoin is one of the best books about bitcoin, it is easy to understand and has good contents for begginers.
As you will see, there are many sections in there where you can find useful information. Just be curious and check out this page in order to get information.
Also, here in the forum you have a lot of threads related to how it works, but I understand it can feel "messy" for beginners, because each day there are a lot of new threads and it is easy to feel lost. So, maybe the first step is always to read those threads you consider to be interesting or useful for you, even before opening new ones or writing in here.
Welcome to the cryptoworld my friend!
First of all, Thank you so much for your kind words and reception, I was sceptical about posting. When I grow up in the crypto world, I would like to be like you. A legend!
Secondly, I am really trying to take everything one step at a time. For e.g., I wanna crawl before I can walk. This means, reading gradually about the history of the technology. But his itself feels so techy. I am learning new terms, etc. So, that neflix movie would be a great resource. The books you recommended would help me get into a little bit of the technical aspects.
Thirdly, trading and investing at the moment is a little way out of my league. Although, I am looking at how the coin offerings, etc and reading about projects. I learn for e.g., a whitepaper is where to start. But of course, I know this does not answer all issues about scams, etc.
Finally, the forum does feel like a big world. So much information to navigate. I guess I will stick with your advice and pick interesting topics.
Once more, thanks for the warm reception, Mr Legendary
Hi frankincences, and welcome to Bitcointalk.
"Man I am overwhelmed with information on how to start my crypto journey."
You have every right to feel overwhelmed! There is so much mis-information floating around, how is anyone new supposed to know what is important and who they can trust? Threads like this that are genuinely trying to help people with good advice get drowned out by a flood of "merit" or "ranking" posts, investment speculation (which belongs elsewhere), etc. If someone new to cryptocurrency showed up at the Beginner's section trying to learn more, they may assume merit, ranking, and gambling are really important - and they continue the useless post tradition.
"I am really trying to take everything one step at a time. For e.g., I wanna crawl before I can walk."
It is so refreshing to hear that type of common sense!! Education is key to success in cryptocurrency, but it doesn't have to be tech-heavy. I am living proof that you can get into cryptocurrency without a tech background. After all, bitcoin was created to act as a financial product and knowing more about that side may get you further ahead than trying to play catch up learning years of tech. The industry is so enamored by the tech features of a shiny new cryptocurrency or token, they lose sight of the big picture. Tech can be copied and there is a very good chance whatever they are working on will be obsolete by the time the elusive mainstream public climbs onboard. If the team doesn't have real world business experience, the chances of long term success are slim.
You are exactly the type of person I was hoping would benefit from the beginner level material I wrote for DNotesEDU!
"We were all new once, and anyone that tells you it wasnt at least somewhat confusing at first, is probably lying. Contrary to what you may have heard, you do not need a background in technology to get involved. You also dont need any money to get started collecting a few coins. In fact, you can get started with nothing more than an email account, making cryptocurrency the lowest entry barrier financial product ever.
Only a non-tech newbie has the right to label anything in cryptocurrency user friendly
In cryptocurrency, the term user friendly gets thrown around a lot and usually means you can master it with some previous experience in cryptocurrency, and at least some degree of technology knowhow. What about the other 80 or 90% of the people that have neither? We need to take a few steps back and and make sure the introduction to cryptocurrency is available for everyone to understand."
It is set up in a module / sub-module format so you can learn about a particular subject that interests you, as well as move between categories freely. There is an index at the bottom of every page that will take you to the section dealing with that term. A great deal of time was spent finding the most beginner-friendly and easy to understand videos, how-to guides, and other learning material.
The site is open and free. I have started a thread here if you want to ask any questions - https://bitcointalk.org/index.php?topic=3170396.0
https://dnotesedu.com/digital-currency/cryptocurrency/
Good luck!
