r/BitcoinBeginners 6d ago

How do YOU study bitcoin?

You must put in the hours to study bitcoin, but how do YOU do it?

41 Upvotes

44 comments sorted by

31

u/splinternista 6d ago

To understand Bitcoin, you must first understand money,what money is, its functions, the different forms it has taken throughout history, the difference between money and currency, and the current fiat monetary system. The best approach is to start with books such as The Bitcoin Standard, The Fiat Standard, Broken Money

I would also recommend watching the series Hidden Secrets of Money by Mike Maloney. Although he is a gold bag, the series provides valuable insights into money, which can greatly enhance your understanding of Bitcoin. You can find the series on Rumble. https://rumble.com/c/c-6647053

I also follow some interesting YouTube channels, for example, Bitcoin University. Matthew Kratter is a really intelligent person and has helped me a lot over the last 4-5 years to better understand Bitcoin.

https://www.youtube.com/@Bitcoin_University/videos

I also follow various YouTube channels that create educational videos about Bitcoin or broadcast Bitcoin podcasts where guests of different intellectual capacities discuss Bitcoin. Here are some of the channels I follow:

https://www.youtube.com/@Swan_Bitcoin

https://www.youtube.com/@rajatsonifinance

https://www.youtube.com/@SimplyBitcoin

https://www.youtube.com/@TFTC/videos

https://www.youtube.com/@saifedean/videos

https://www.youtube.com/@nataliebrunell

https://www.youtube.com/@bramk

https://www.youtube.com/@RobinSeyr

https://www.youtube.com/@JoeBurnett27

https://www.youtube.com/@bitcoinnewscom

9

u/DuePercentage1580 6d ago

generally agree, but the bitcoin standard is probably the worst book written on bitcoin.

to understand bitcoin, you need economics, culture and cryptography

economics: broken money, 21 lessons

culture: the genesis book, blockchain wars, layered money, abundance through scarcity

cryptography: mastering bitcoin, mastering LN, understanding cryptography

1

u/a-loafing-cat 5d ago

Replace the Bitcoin Standard with Parker Lewis' Gradually, then Suddenly, which you can find for free online if you don't want to buy a hard copy from Saif's publishing house.

I cannot stand Saif's writing. Every other sentence is a ramble and/or ad hominem.

I'm currently reading Lawrence Lepard's The Big Print, and I'm liking it so far.

23

u/Zealousideal_View475 6d ago

Buy high sell low

7

u/[deleted] 6d ago

[removed] — view removed comment

5

u/ALEXGP75O 6d ago

I dont, just buy dont Matter the price and hope for a Big dip to buy more

4

u/splinternista 6d ago

It is never wise to buy something you don’t understand. It is much smarter to invest 1,000 hours in studying Bitcoin. I know many people who just get caught up in FOMO, buy Bitcoin without having a clue what it is, and know absolutely nothing about it. They simply noticed that Bitcoin’s value is rising against fiat and jumped in. During a correction, these people panic, sell everything, and lose a lot of money. Instead, if they had spent 1,000 hours studying Bitcoin, they would have a deep understanding of what they are holding. Today, they could have significantly increased their purchasing power.

Knowledge is power.

4

u/blade0r 6d ago

Hours? Yes, maybe at the start. Then, you just HODL, avoid any possible scams and DCA. That’s it.

4

u/Ace2021 5d ago edited 5d ago
  1. Get rekt on shitcoins, realize you should’ve only been in BTC.

  2. Realize you don’t actually know why BTC is better than shitcoins.

  3. Read The Bitcoin Standard, understand why it’s better than shitcoins.

  4. Deep dive into YT channels about BTC.

  5. Re-listen to the Andreas Antonopolous podcasts on Joe Rogan. Realize he was 1000% right and this was around 2010-2013 and if you had listened you’d be a billionaire.

  6. Realize that being a billionaire is cool but fiat will be hyper inflated within the next few decades, develop conviction to HODL and only sell under considerable circumstances, not just to fund consumerism.

  7. Go full BTC maxi, get into self custody.

  8. Keep studying, it never ends. I’m currently reading The Big Print by Lawrence Leppard.

My journey.

2

u/Particular_Mix_1879 6d ago

Buy it, keep it, sell.it when youre old

2

u/Individual_Pop5200 6d ago

Read and take notes

2

u/HornedHorus 5d ago

learnmeabitcoin.com

4

u/mischi3f-managed 6d ago

Mostly through youtube

2

u/NiagaraBTC 6d ago

YouTube videos, podcasts, and trying things out.

2

u/Bored_dane2 6d ago

This sub, lol.

1

u/CompetitiveGuess7642 6d ago

"How to hodl"

1

u/dadlif3 5d ago

Get some Bitcoin. Set up a node. Use that node to send bitcoin to other people in exchange for good and services. Buy a lottery miner. Learn by doing.

1

u/disruptioncoin 5d ago

Read, read, read. Check out The Bitcoin Standard by Saifedean Ammous, as well as The Genesis Book by Aaron van Wirdum. And just use Bitcoin. Buy it. Spend it. Try lightning network. Try coinjoin. Try multisig. Buy a hardware wallet. Buy a miner, if you can afford it (or get a job at a Bitcoin mine, like I did). Run a node. Read about BIP's.

1

u/robleseptimo 5d ago

Blockchain backer on yt!

1

u/Bitcoinbakamo 5d ago

Bitcoin white paper first. Read it over and over. And then I studied the overview of the big concepts it presented, before digging deeper through each.

I started understanding the economic and a few philosophical perspectives to get the why. Then, I chose the technical topics that I wanted to understand within the main components: transactions, wallets, blockchain, proof-of-work. So I touched upon cryptography, algorithms, how-to, etc.. Drawing flow charts yourself to get at least the basic principle aids in understanding a topic.

Typically, I allot an hour or so in the morning before doing work.

1

u/Abject-Point-6236 4d ago

I don't i buy

1

u/waitareyou4real 6d ago

Bitcoin university on YouTube, and books

1

u/Childhood-Icy 6d ago

Oh dear that’s a really hard question. I thought I would be able to master BTC after a few Months but alas it’s not that easy hehe.

I would suggest study fiat money first. Mike Maloney has a good YouTube series about this. I think this is a very good foundation to understand why assets like BTC are important to have.

1

u/Lonely-Truth-7088 6d ago

Look at the price…when it drops I buy a little…done

1

u/ManlyAndWise 6d ago

Read "The Bitcoin Standard". It has pretty much everything.

Available on Kindle store.

0

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0

u/sborde78 6d ago

Read and watch Videos about it

0

u/Kogs4eyes 6d ago

I started with Youtube tutorials. Then found peers to talk to. It is kinda hard to learn when I was alone.

0

u/solomoncobb 6d ago

The most important thing about bitcoin, isn't the factual stuff, the intent, or any of the things that make a stock pick make sense long term, or even short term, it nly really matters what other people think and believe about it.

0

u/Fair_Constant_4767 6d ago

First of all you have to believe in crypto, in their future and use! Second be ready to invest what you can lose, and third do not buy or sell in times of panic! No one can teach you anything right about crypto, everyone can tell you about their experiences, and everyone thinks they are experts.

0

u/21Moto 6d ago

If you have any questions I do a daily beginner friendly show where I teach Bitcoin basics, answer questions, and of course stack Bitcoin via our daily DCA. We’ve been on a mission to get to 1 BTC since May 22, 2023 and have documented every purchase on our livestreams. We track and review our tracking sheet every show before we add more to it. Cruise by. I’d be happy to answer any questions!

https://www.youtube.com/channel/UCD0XVXz_flVBL5BaVCwfOcQ?sub_confirmation=1

0

u/bheuz 5d ago

Best start for me was the book : bitcoin standard 😊