Understanding the Bitcoin Market

I am a newbie, what are the essential steps of acquiring some Bitcoin knowledge ?

Comments

  • BruceWayneBruceWayne Member Plus
    Know why you want to be here. Don't be here because you heard a tip and think it will make you money. Don't ask for more tips on what to do. I hate sounding glib but when you hear this every day all you can think is "why are you here?"
  • The best way to understand Bitcoin is to use it. Ask around with people you know and someone might show you, but maybe start with some YouTube videos or watch a documentary. Start with a mobile or light web wallet, try to buy a small amount maybe through localbitcoin dot com. Learn what makes wallets secure and how to backup and recover them. Then look at the different exchanges operating here. Then work on understanding how bitcoins are created, then how the network operates. Buy the hype and sell the news ;)
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