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2021 has seen Bitcoin, Ethereum, and other cryptos have an astronomical run up reaching record highs! Understanding the basics of crypto, how to buy and sell and whether it makes sense for you to buy some is crucial in today’s day and age. This video provides an easy-to-understand, beginner-friendly guide that runs through these concepts. Enjoy!
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Cryptocurrencies are based on blockchain technology that known to be decentralized, transparent and immutable. Bitcoin and Ethereum are the two biggest digital coins by market cap. Here is the Bitcoin whitepaper from Satoshi Nakamoto:
https://bitcoin.org/bitcoin.pdf
The easiest way to buy crypto is on an exchange like Coinbase (or Coinbase pro for lower fees). Once you buy, the safest way to store it would be on an offline cold storage wallet like the ledger nano X: https://shop.ledger.com/products/ledger-nano-x
Overall I do think that crypto is an exciting space with groundbreaking technology that could potentially change the world in the years ahead. So, I hold a small portion (less than 5%) of BTC and ETH in my portfolio. It is extremely volatile and still in its infant stages, so only invest what you’re willing to lose.
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ABOUT ME:
I want to share stories and lessons learned while first moving to America, planning my journey to financial literacy, and adopting best practices into my life. As an international, it was difficult to find relevant resources to understand the aspects of life that were different in a new country. This channel is a comfortable space to have those discussions and help each other out!
DISCLAIMER:
1. The advice provided in this video is for informational/entertainment purposes only. The creators take no responsibility for any actions or decisions you may take based on the contents of the video. Please consult a professional for strategies related to your specific needs.
2. All the numbers/information are presented as of the video filming date and may change by the time viewers end up watching the video.
DISCLOSURE:
Some of the links in this description are promotional links, meaning that I may receive a small commission when you sign up for these services at NO EXTRA COST TO YOU. Thanks for supporting me 🙂
#bitcoin #ethereum #crypto
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