Diving into the world of cryptocurrency can be both exciting and overwhelming. When I first began my crypto journey, I had no idea where to start. But, like any new field, learning about crypto requires dedication, curiosity, and a lot of research.
Here’s my opinionated approach to getting started with crypto, inspired by some insightful Reddit discussions.
Find Relevant Content
The first step in learning about crypto is to find relevant content. There’s a wealth of information out there, but not all of it is useful or accurate.
My strategy has been to consume content daily over long periods. This includes reading articles, watching podcasts, and following key figures in the industry on social media.
Why do this? Because understanding crypto is hard work. If the challenge doesn’t excite you, you might struggle to stay motivated.
For me, the technical aspects of crypto were particularly interesting, but you need a technical background to fully grasp them. Without it, it’s easy to be misled by flashy but empty promises.
Customize Your Learning
What content you follow should depend on your goals. Are you interested in the technology behind cryptocurrencies? If so, focus on technical content and ensure you have a solid technical foundation. If you’re more interested in the financial or investment side, look for content that covers these aspects.
For example, I’ve spent years listening to various crypto podcasts, adjusting my selection as new voices and trends emerge. This continuous learning process helps me identify what’s real and what’s not.
Remember, there are no shortcuts. Even if you understand the technical details, making money in crypto isn’t guaranteed.
Recommended Reading
A great starting point for beginners is the book “Read Write Own” by Chris Dixon. It’s a comprehensive introduction to the world of crypto and blockchain.
While there are other books like “Broken Money” by Lynn Alden, I find it less objective, especially in the latter half.
However, if you’re interested in the history of money as a technology, you might enjoy its first half.
Do Your Own Research
One of the most valuable pieces of advice I can give is to do your own research.
The internet is full of free, easily accessible information. Rather than relying solely on social media, where biases are rampant, look for information from official and credible sources.
This helps you form your own informed opinions.
Explore Web3
Web3 is an exciting and important development in the evolution of the internet. It’s worth exploring if you’re interested in the future of online technology.
Projects like Polkadot and SuperVerse are particularly noteworthy and can give you a glimpse into what’s coming next.
Final Thoughts
Starting with crypto isn’t easy, but it’s definitely possible if you’re passionate and willing to put in the work. Follow the right content, do your own research, and stay curious.
Crypto is a fast-evolving field, and keeping up with it requires dedication. But for those who persevere, the rewards can be substantial.
Good luck on your crypto journey!