Tales From the Crypto: Beginners’ Guide to Cryptocurrency
Cryptocurrency. Blockchain Technology. Decentralized Payments… Huh?!
To the average person, these words may as well be babble from a baby. or the ramblings of a madman. But to investors who believe in these opportunities, they are part of everyday lingo. Welcome to the 21st Century, where traditional ideas about money, valuables, and wealth have changed… yet remain very much the same.
In this class, we will explain to complete novices what exactly cryptocurrency is, how it is used, why people invest in it, and how to do so yourself. We will explore the dueling perspectives on whether cryptocurrency is a viable investment option or a temporary scam waiting to implode. Additionally, we will explore how to keep crypto safe, the difference between BitCoin and Ethereum, and what to look for when choosing a cryptocurrency to invest in. We will also address the question of whether cryptocurrency is a Ponzi scheme.
if you are new to the world of cryptocurrency and want to understand the basics of how it functions and why people have embraced it, you’ve come to the right place. By the end of this class, you’ll have fundamental knowledge about the world of cryptocurrency, so you can decide for yourself if you believe it has any merit or not.
*FOR TOTAL BEGINNERS.*
(WE DO NOT OFFER INVESTMENT STRATEGIES OR ADVICE; THIS COURSE IS DESIGNED TO HELP STUDENTS BETTER UNDERSTAND THE CONCEPTS. IF YOU ARE ALREADY FAMILIAR WITH CRYPTO INVESTMENT, WE ENCOURAGE YOU TO FIND A MORE ADVANCED CLASS.)
Tales From the Crypto: Beginner's Guide to Investing in Cryptocurrency
Here we discuss what cryptocurrency is, explore the basics of how blockchain works, and address the basic philosophy behind "decentralized currency".
Discussing whether crypto has "real world" value beyond the internet.
A discussion on 'consensus mechanisms' and their role in maintaining crypto's "honesty".
A look at why cryptocurrency gained traction.
A discussion on 'speculation' and whether this applied to cryptocurrency.
Differentiating between perceived value and true value and how these values impact currency valuation.
A look at how hype influences cryptocurrency, using DogeCoin as an example.
An explanation of what a Ponzi scheme is and whether this fairly applies to cryptocurrency.
An exploration of common criticism and concern about cryptocurrency.
Explaining why proponents support cryptocurrency.
Explaining how and where people can invest in cryptocurrency.
A discussion on different methods used to keep cryptocurrency safe from hackers and thieves.
A look at how two of the top cryptocurrencies compare to one another.
Discussing what to look for when considering a cryptocurrency to invest in.
Test your knowledge!
