Introduction to and Understanding of Bitcoin, Cryptocurrency and Blockchain Technology. (2024)

This course is designed to give you an introduction to and understanding of Bitcoin, cryptocurrency and blockchain technology.

We’ll also cover all the practical aspects involved. So basically, it’s not just, “What is Bitcoin? Well, it’s a digital currency.”

There are many different aspects related to this industry like:

  • Security
  • How to ensure that your cryptocurrency is safely stored
  • How to buy and sell cryptocurrency
  • Different exchanges
  • Trading strategies
  • Having a plan and understanding where this is going
  • Preparing yourself
  • Looking at the legal side of things
  • Taxes
  • Implications
  • And more…

All of these topics are touched on in this course to give you a complete understanding of cryptocurrency.

This course is created and designed specifically so it’s easy to digest and understand. Personally, I really don’t enjoy hour-long videos and mass amounts of content because it’s just very difficult to focus, especially in this world where all our attention and our time is demanded by so many things.

Inside this course, you’re going to find a selection of modules on different topics. Each of these modules is a 5 to 10 minute video on a specific topic so you can go through it quickly.

It also allows you to go back to reference something without having to go through an entire hour of video. It’s a quick, easy-to-understand, easy-to-digest section on each part of cryptocurrency.

For example, if you just want to learn about how to use a cryptocurrency exchange, just go and watch that quick video. It tells you directly the ins and outs of how to use an exchange.

Below each video in each module, you’ll find a resource section. This is for quick reference where you can just click on the various resources mentioned in that video, whether it’s an exchange, a link to a website, or a specific tool. It’s all there highlighted under the video.

You’ll also find that the video in each module is transcribed in written format below the video as well as being downloadable in a PDF version. If you prefer not to watch a video, or you don’t have time to watch a video, or you just want to go back and reference something without having to watch a video, you can simply go to the text version of that video and, voila, it’s simple, easy, and efficient.

There are a number of different modules inside this course, so please you take your time with this course.

Go through all the modules individually and preferably in the order they are listed in.

Do not blindly buy any cryptocurrency or do anything before you’ve gone through the entire course. In saying that, of course, please understand that I am not a financial advisor.

I’m NOT giving you any investment advice. Cryptocurrency is highly risky and volatile. Everything inside this course is merely meant to educate you. It’s my personal opinion and my experience.

I’m here to share with you and to help you understand this amazing new technology and also, if you potentially want it, to get started with investing and trading cryptocurrencies.

DISCLAIMER: Before you take any action based on the information in this course, you should always consult your financial planner and proceed 100% at your own risk.

Don’t just take my word for it…

Don’t take anybody’s word for it on the Internet

Someone you see on YouTube, or a website, something you read, don’t blindly follow that advice.

Always do your own research.

Even after you have consulted a financial advisor or a planner and you decide to go ahead with it, always make sure that you only invest money that you can afford to lose.

Cryptocurrency is highly risky.

I could say that a million times it’s that important.

It could literally go to zero, so the money you put in, don’t have it as money you need for the rent, or money you need for your kid’s college fund, or to pay the mortgage, or bills, don’t use money planned for your retirement…

Don’t invest money you cannot afford to lose.

It has to be totally discretional money, so for example, money you could literally set on fire, and it would not affect your life.

That’s how you have to treat the money you could potentially invest in cryptocurrency. If you’re only comfortable investing $50 and putting that into cryptocurrency, that’s all you should put in.

Don’t put in more than you can afford to lose.

In the resource section below the video in this module are links to various resources where you can get started also and find information like:

  • News sources
  • Information about new cryptocurrencies
  • Where they get released
  • Where they get started

Of course, a lot of these things will be covered in future modules, so please go through the entire course…

Do it at your own pace.

Whether you want to go through the whole course in one day or whether you want to take a month and do one video a day, that’s perfectly okay.

Everyone has different learning strategies.

Everyone has different amounts of time available.

There’s no set amount of time. You have this course. You have access to it. There’s absolutely no rush to go and complete it today or tomorrow.

Take your time, really absorb it, make notes, learn the stuff because, personally, I believe this is the future and, whether you like it or not, you’ll be exposed to it. It’s better to learn how it all works right now at your own pace than be forced to be confronted with it in the future not understanding it fully.

We also have a support help desk which is great …

  • If you have any questions you have about the course
  • If you’re not sure how something works
  • If you’re having any technical issues

If you’ve already gone through the course and you have questions about something you’re not quite sure about or you don’t fully understand, just get in touch with the support help desk, and we’ll help you out.

We’ll answer your questions as best we can, and then, if we need to, we’ll go ahead and make some further training, further videos.

Thank you for being here!

Introduction to and Understanding of Bitcoin, Cryptocurrency and Blockchain Technology. (2024)

FAQs

Introduction to and Understanding of Bitcoin, Cryptocurrency and Blockchain Technology.? ›

Cryptocurrency is a medium of exchange, created and stored electronically on the blockchain, using cryptographic techniques to verify the transfer of funds and an algorithm to control the creation of monetary units. Bitcoin is the best known example.

How do you understand blockchain and cryptocurrency? ›

Many professionals consider crypto coins a “global currency” because they hold the same value worldwide. With blockchain technology, each transaction or piece of data is stored as a “block.” You then add this block to the existing chain of blocks to create a chronological picture of all activity.

What is the introduction of blockchain technology? ›

What is blockchain technology? Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain.

What are the basics of Bitcoin and cryptocurrency? ›

Bitcoin is a form of digital currency that uses blockchain technology to support transactions between users on a decentralized network. New Bitcoins are created as part of the mining process, as a reward to people whose computer systems help validate transactions. Buying Bitcoin exposes you to a volatile asset class.

What is the best explanation of blockchain technology? ›

Blockchain is an immutable digital ledger that enables secure transactions across a peer-to-peer network. It records, stores and verifies data using decentralized techniques to eliminate the need for third parties, like banks or governments.

How do you explain blockchain to dummies? ›

'Blockchain' is a compound word– here the 'blocks' are the records of data, and the 'chains' are the links each record has with each other. It's a democratizing technology, in that it makes everyone equally accountable and equally in control (at least in the case of public blockchains– but more on that later).

What is the basic explanation of bitcoin and blockchain technology? ›

Let's start with some quick definitions. Blockchain is the technology that enables the existence of cryptocurrency (among other things). Bitcoin is the name of the most recognized cryptocurrency, the one for which blockchain technology, as we currently know it, was created.

What is a real life example of a blockchain? ›

A real world business example of blockchain in supply chain management would be Walmart tracking produce from suppliers. Blockchain allows for more transparency between the parties to help manage waste, contaminations, and timing of overall items within their supply chain, (FoodLogistics.com).

What is blockchain explain for beginners? ›

Blockchain Defined

Unlike standard databases which store data in centralized, relational tables, blockchain is an open, peer-to-peer (P2P) network that favors communal functionality in lieu of a centralized controlling entity. In blockchain, data is collected into groupings called blocks.

What is a blockchain in simple terms? ›

A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.

How much is $1 Bitcoin in US dollars? ›

$62,755.23

How do you explain Bitcoin to a beginner? ›

Bitcoin (BTC) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Investments in digital assets and Web3 companies are highly speculative and involve a high degree of risk.

Is Bitcoin real money? ›

Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions.

What is the main purpose of blockchain technology? ›

The purpose of the blockchain is to share information amongst all parties that access it via an application. Access to this ledger in terms of reading and writing may be unrestricted ('permissionless'), or restricted ('permissioned').

How do I withdraw money from blockchain? ›

Login to your Exchange account via mobile app. Select Crypto and choose the asset which you want to withdraw from the list. Next, paste the destination address or scan the respective QR code, enter the amount you would like to withdraw, a memo (if applicable) and click Preview Withdrawal.

What is the difference between cryptocurrency and blockchain? ›

Blockchain is a storage technology used for saving data on decentralized networks. Cryptocurrency is a medium of exchange like the US dollar. A blockchain can be used for storing different types of information beyond cryptocurrency transaction records. All cryptocurrencies have a monetary value.

What is a simple explanation of a blockchain? ›

Blockchain is a method of recording information that makes it impossible or difficult for the system to be changed, hacked, or manipulated. A blockchain is a distributed ledger that duplicates and distributes transactions across the network of computers participating in the blockchain.

What do I need to know about cryptocurrency and blockchain? ›

Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as an investment. Transactions are then verified and recorded on a blockchain, an unchangeable ledger that tracks and records assets and trades.

Is blockchain easy to understand? ›

You can learn almost everything about blockchain within only 2–3 months. I also put the time behind how long each point will probably take: Setting up a node on a blockchain such as Bitcoin, Ethereum, IOTA, Nano (1-2 days each) Understanding what a consensus algorithm is.

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