Financial Independence Europe Podcast
Business:Investing
144 - Bitcoin basics 2: Bitcoin basics and tools to get started | David
community. Check out that episode if you haven’t already.
Today in the second part we cover the basics of Bitcoin. Still many FI Europeans haven’t gotten their feet wet with crypto. If you like to start experimenting with it or you already started but haven’t thought about the basic concepts behind you might want to continue listening.
If you’re already a pro you might want to skip the episode. We also suggesting some simple steps and tools to start investing.
Nevertheless I want to emphasize that there is no need to necessarily invest in BTC or crypto if it’s not your cup of tea you’ll be still fine. No need to have fear of missing out although the returns of the past years have outperformed the S&P 500 and Nasdaq. Check out also the PDF in the show notes with some how to guides. As usual this episode is no official financial advice. Your capital might be at risk.
We talk about
- Basic principles of BTC
- Store of value
- Proof of work, P2P, Cryptocraphy, Blockchain, immutability
- decentralization and importance of nodes
- comparison of BTC to other currencies
- Trilemma of blockchains
- tools to get started
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Cheers,
Mathias & Co
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