Want to Become an Expert? Check Out These Cryptocurrency Resources 3 1170

With so many developments in the world of cryptocurrency, happening almost by the hour, it’s certainly never dull. Unless you’re a financial expert with your finger on the pulse, how do you know when it’s safe to invest? Add to that the volatility of digital currencies, and even Wall Street vets are reluctant to navigate a seemingly endless slew of token opportunities.

When Bitcoin and Ethereum rise and fall like a Disneyland roller coaster, and market speculation sends prices spinning out of control, how do you get on board? It’s actually not as hard as you might think to become seasoned in cryptocurrencies, with the amount of resources available to you.

From online classes and training academies, to podcasts and news sources, you can become an informed spectator in a fairly short time. It’s worth noting, of course, that there’s substantial risk in any token purchase and the inherent volatility in the market makes many folks uncomfortable. The quickly changing landscape and abrupt regulatory decisions foreshadow more subtle or stagnant appreciation of tokens, at least in comparison to last year’s outstanding growth. Headlines of hacking attacks, price surges, and ICO funding theft tend to hog the limelight, and we’re seeing less coverage of everyday people reporting massive returns. 

Still, the revolutionary nature of Blockchain technology has attracted many an investor, and will continue to do so. If you’re ready to join the list of token holders, here are some resources to consider.

Cryptocurrency Resources to Make Informed Decisions

Cryptocurrencies are like nothing we’ve seen before. They democratize the world of investing. Anyone with an internet connection and a bank account (and sometimes, not even the latter) can get on board.

But, with so much FUD (fear, uncertainty and doubt) running through the market, what may seem like a wise investment one day, can go belly up the next.

They say that innovation breeds innovation, and cryptocurrency resources are starting to pop up everywhere. Trading Mama is one such resource that I learned about at the CryptoFriends’ “New Girls on the Block” event during SXSW. It’s an online crypto trading school to educate those who want to dabble in the world of digital coins – and its actively inviting women into a male-dominated space.

If you’re new to the crypto world (and let’s face it, most of us are), devoting time to understanding the ins and outs is a good start. 

After two years in the crypto space, I’ve fallen more and more in love with it,” says Mariana Carrillo, Founder of Trading Mama. “There is groundbreaking innovation touching nearly every sector of society.” While most people know about Bitcoin, they’re unaware of many projects being carried out on the Blockchain. Change is already happening in energy, global development, and finance, to name a few sectors.

Trading Mama’s Crypto Trading School is a six-month online course in cryptocurrency that allows you to trade with relative confidence in a safe and supportive environment. Even if you currently have no knowledge of the industry, you can gain all the info you need throughout the course.

With tips on how to buy Bitcoin, Ethereum, and LiteCoin, and advice on investing and trading, this is meant to be a comprehensive program to jump-start your digital currency involvement.

Keeping Up to Date

In the fast-paced crypto world, keeping up to date with developments is key. So, following the right people and using the right cryptocurrency resources can help you stay on track.

Many factors can have dramatic effects on the market, from the threat of regulation to news about mining Bitcoin. One excellent podcast for learning the basics is The Bitcoin Podcast.

As one of the first podcasts to come out in this area, it’s a trustworthy and respected source for listening to expert opinions. There are interviews with business consultants, PhDs, mathematicians, banking professionals, and other thought leaders in the Bitcoin space.

There are currently more than 140 episode available, so you can listen at your leisure. Gain a better understanding of the technical side of the technology at a time convenient to you. Podcast guests come from all corners of the industry, so you’ll get well-rounded views.

Another important podcast for cryptocurrency resources is Coin Mastery. Rather than focusing on the background of Bitcoin and its technicalities, Coin Mastery serves the most up-to-date information on the cryptocurrency world.

You no longer need to trawl the web to find out the latest news, when you can get it here. Along with analysts’ opinions and trader discussions. This is the one to listen to once you’ve handled the basics and have a decent working knowledge of crypto and the blockchain.

There’s no need to have FOMO (Fear Of Missing Out), but you’ll want to be informed before entering such a tumultuous landscape. Understanding, for example, what to look for when vetting ICOs is an essential component in making smart purchasing decisions. With so many cryptocurrency resources at your fingertips that make dense content digestible, it’s becoming easier to navigate this brave new world.

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Christina is a technology and business communicator who has worked with high profile ICOs and blockchain influencers to break industry news.

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The Bitcoin Bull Run: How It Started, How It’s Going Comments Off on The Bitcoin Bull Run: How It Started, How It’s Going 136

Wherever you stand on Bitcoin, there is no question about its impact on the role of blockchain and cryptocurrency within society.  Whether we look back to Pizza Day or to its heights in 2018, the volatile nature of the cryptocurrency has garnered much speculation and media coverage. 

While many looked at the past few years as a “Crypto Winter,” others saw an opportunity for Bitcoin.  Between COVID lockdowns, political, and fiat currency concerns, Bitcoin has been on a dream run – for a moment going over the $55,000 barrier.

Why Did Bitcoin Suddenly Explode (Again)?

Elon Musk and other influencers played a role in the recent rise in Bitcoin’s price. Tesla’s recent investment in an infrastructure to accept Bitcoin payments, and Apple Pay’s introduction of BitPay, a prepaid bitcoin MasterCard, are also major markers of market adoption. But two other events occurred that set the stage for the Bitcoin bull run: a pandemic and Bitcoin Halving.

Every four years, Bitcoin miners have their processing transactions cut in half. This reduction in supply then drives up prices based on scarcity. This occured in May 2020, when the economy was already at a standstill due to the pandemic. Since the supply of crypto coins is finite many think that there is lower inflation risk with using them – this means that it may be used as a hedge against U.S. inflation. In 2020, more than 20% of all dollars currently in circulation were printed, making crypto even more alluring. 

Crypto isn’t going anywhere. This year, experts project increased use of crypto cards, emergence of new cases, and increased investing from traditional finance leaders.

Take a look at this visual deep dive on the rise of Bitcoin for more information:

Bitcoin: Once A Diamond In The Rough, Now A Treasure

Happy 10th Birthday, Bitcoin!! 7 114

On January 3rd, 2009, block number zero produced the first 50 bitcoins. They were mined by none other than the mysterious Satoshi Nakamoto. Thus was born the phenomenon of the decade. And on January 8th, ten years ago today, bitcoin became a public network when Nakamoto released bitcoin version 0.1.

Nakamoto announced the release via the Metzdowd cryptography mailing list, calling bitcoin “a new electronic cash system that uses a peer-to-peer network to prevent double-spending.”

Nakamoto’s description of the software that would revolutionize technology is sparing and to the point. “It’s completely decentralized with no server or central authority,” the succinct announcement goes on. “Windows only for now.  Open source C++ code is included.” It describes the proof of work as “ridiculously easy”.

It follows with a brief description of how transactions work, how many coins will be released and how they can expect to split every 4 years, along with the caveats that the software was still “alpha and experimental,” offering “no guarantees”. It’s signed with no letter closing, simply:

“Satoshi Nakamoto”

Bitcoin, This Is Your Life

My what a ten years it has been. Just to recap:

On January 12th, 2009, programmer Hal Finney, who had downloaded the new bitcoin software immediately, received ten bitcoins from Nakamoto. This was the first ever bitcoin transaction. Over a year later in May 2010, programmer Laszlo Hanyecz received 10,000 bitcoins in exchange for two Papa John’s pizzas, initiating the first real-world bitcoin purchase and thereby creating the pizza index.

Bitcoin simmered until 2017, when it’s value jolted from $900 to over $19,000, and bitcoin became a household name. Over the past year, the original crypto has settled to a more modest $4,000 valuation, and stirred up a lot of public din in its wake.

Where Were You on January 9th, 2009?

So where were you on the day of Nakamoto’s announcement? Probably on your couch watching DVDs of Pineapple Express and It’s Always Sunny in Philadelphia seasons 1 through 3, or laughing at Dr. Horrible’s Singalong Blog on your iPhone 2.

It was a simpler time. Wired was calling Google Earth the number one app on the fancy new iPhone app store. Competition was fierce with Windows 7 in beta. Facebook had recently dropped the “is” from status updates, and a fun app called Twitter (formerly “Twttr”) had just introduced a feature called Trending Topics.

Trending Topics

David Bowie was celebrating one of his eight final birthdays, while Michael Jackson and Patrick Swayze were enjoying their last few months among us mortals. Only days later, pilots Chesley Sullenberger and Jeffrey Skiles made aviation history by skillfully crash landing US Airways Flight 1549 in the Hudson River, saving everyone on board.

A burgeoning class of ennui soaked fashionistas, deemed “hipsters,” were described in Time Magazine as “smug, full of contradictions and, ultimately, the dead end of Western civilization,” a vermin who “manage to attract a loathing unique in its intensity.” They went on with this colorful character sketch:

“Hipsters are the friends who sneer when you cop to liking Coldplay. They’re the people who wear t-shirts silk-screened with quotes from movies you’ve never heard of and the only ones in America who still think Pabst Blue Ribbon is a good beer. They sport cowboy hats and berets and think Kanye West stole their sunglasses. Everything about them is exactingly constructed to give off the vibe that they just don’t care.”

Time Magazine, 2009

Is it time for any of that to come back into style yet? Maybe give it a few more years. We need a break.

Williamsburg was gentrifying and Portland was still America’s best kept secret. The streets were flooded with fixed gear bikes and the sounds of Grizzly Bear, Real Estate, Kings of Convenience, and TV on the Radio.

Animal Collective’s Merriweather Post Pavilion was just a few days old, and Fever Ray’s self titled was about to drop. The world was listening to Lady Gaga, whose single “Just Dance” hit number one on Billboard’s top 100, and Taylor Swift’s Fearless, which was the top selling album.

That same month, box offices favored the cuddly Marley & Me, while The Dark Knight swept the people’s choice awards. Audiences were still getting wowed by Avatar, paying a lot to be disappointed by Mall Cop, and getting hyped about the upcoming Watchmen movie.

Meanwhile in Washington DC, a president with a multisyllabic vocabulary was about to be inaugurated (a rarity in the 21st century, we would find out), and his kids were playing with a Wii they got for Christmas.

Here’s To Another Decade Ahead

What a time it was, the dawn of 2009. And most of us, at least for a few more years, had never heard about blockchain, cryptocurrencies, or bitcoin.

And now here we are.

So, dear reader, here’s to ten more years of crashes, booms, bubble scares, hype, derision, libertarian fanboys, pizza and moon lambos. Happy tenth birthday, bitcoin!!1

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