Caging the Doge
Beginner Bitcoin
by Brendan Thompson
3y ago
It’s no secret how powerful and engaging the dogecoin trend has been. People who have held $DOGE since even the beginning of January are now retiring, paying off mortgages and more through the incredible wealth transfer that comes with cryptocurrency. But what can we expect from $DOGE moving forward? Is now the time to buy and hold “to the moon”? Can $DOGE truly become the “money of the people” as many of the initiated believe? This article will be wildly unpopular in the degen crypto-community I am sure. I fully expect to be raked over the coals for this, be called a “FUDer” (fear, uncertaint ..read more
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What is Ethereum? How is it different than Bitcoin?
Beginner Bitcoin
by Brendan Thompson
3y ago
There will always be a lot of hype around Bitcoin. In fact, Bitcoin is the cryptocurrency household name. Even our site has used Bitcoin and its name brand in order to be more recognizable to new users. But what about all the other coins that are out there? How do they relate to Bitcoin? What makes them different? What makes them the same? Aren't they all just digital forms of money? Well, not all of them. There's one coin in particular that has stood out above all the other altcoins (or alternative coins). And that is the coin Ethereum (Its ticker is ETH). Ethereum boasts of the largest mark ..read more
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Volatility: Is This the End of Bitcoin?
Beginner Bitcoin
by Brendan Thompson
3y ago
As the price of Bitcoin starts to drop, many people are wondering if this is the end of Bitcoin as we know it. Fortunately, this isn't the first time this kind of noise has made it into the mainstream. The notorious critics of cryptocurrency and Bitcoin long for the day for Bitcoin to go down lower because they want to be able to say "I told you so." This type of negativity is expected and can cause a lot of fear, uncertainty, and doubt. Bitcoin was able to reach $42,000 this year, and as it begins to plummet down toward 30,000 (or worse) a lot of people are wondering if this crazy bull run f ..read more
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Exchange Matters: What is Coinbase?
Beginner Bitcoin
by Brendan Thompson
3y ago
As new people engage in buying and selling Bitcoin, Ethereum and other digital assets, they find themselves entering into the world of exchanges. What is an exchange? Exchanges are simple: a marketplace for people to engage in trading behavior, whether they're buying or selling or trying their cryptocurrency. There are a lot of different exchanges. Among all the centralized exchanges that exist, there are a handful of them that are popular in the United States. One of the most successful and most popular in the US is the Coinbase exchange. It's obviously not the only exchange that people can ..read more
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What is a Stable Coin?
Beginner Bitcoin
by Brendan Thompson
3y ago
There are thousands of different types of cryptocurrencies out there on the market today, from Bitcoin to Ethereum, to the various Altcoins (what are called “alternative coins”). In reality, an Altcoin is anything that is not Bitcoin. One particular class of Altcoin that is really important to know about is what's called a “stable coin”. Stable coins are a cryptocurrency class that essentially are relatively stable in their price. This digital dollars are typically pegged to the price action of a specific fiat currency. For example, the US Dollar coin, USDC is pegged to the price of a US Doll ..read more
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What has Gamestop to do with Cryptocurrency?
Beginner Bitcoin
by Brendan Thompson
3y ago
Unless you have been under a rock, you have likely seen the fiasco between “r/wallstreetbets”, Gamestop and Robinhood. A Quick Recap Over the last week, a subreddit channel called “wallstreet bets” decided to set their aim on a dying company’s stock: Gamestop (GME). The group apparently coordinated a massive buy of the GME, forcing major institutional investors out of their short positions on the stock price. This is classically called a “short squeeze”. Essentially, this subreddit channel was able to liquid millions of dollars from the hands of major institutional investors. Robinhood, a pop ..read more
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What is an “altcoin”?
Beginner Bitcoin
by Brendan Thompson
3y ago
Bitcoin is in its heyday. Setting all-time highs in 2021, and garnering the attention of major institutions and investors, it is clear that 2021 is prepared to be a giant year for the cryptocurrency behemoth. But what about all the other “coins” out there? Is Bitcoin the only one? If you are new to cryptocurrency, it is easy to be overwhelmed by the sheer volume of cryptos out there on the market. What sets them apart from Bitcoin? These cryptocurrencies are called “altcoins” (literally alternative coins) and named such because they are “alternatives” to Bitcoin. Literally anything that is no ..read more
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What is BlockFi: Earning Interest on your Crypto
Beginner Bitcoin
by Brendan Thompson
3y ago
To satisfy our internet overlords, we need to make it clear that this post is not investment advice and should not be misconstrued as such. Beginner-Bitcoin exists to make cryptocurrency understandable for retail users, and is educational in it’s content. See the Legal Stuff for more info. Every once in a while, a crypto project comes along that has the ability to increase the rate of new users in the cryptocurrency market. As this is our mission at Beginner Bitcoin, when we see these projects, we simply have to mention them. BlockFi is one such project. Combining the power of cryptocurrency ..read more
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Can Bitcoin Save Political Conservatives?
Beginner Bitcoin
by Brendan Thompson
3y ago
As the US Capitol fell into riots and chaos, which mainstream media outlets have labeled an insurrection, the consequences following January 6th have been swift and heavy. The US president, Donald J. Trump had his twitter account deactivated, following which several prominent conservative voices claim to have been silenced, and a new social media darling of the right has been cut off at the source, with Amazon removing the app from its cloud servers and Apple removing the app itself from their platform.Violence and rage are never the answer, and only exacerbate the issues in our country, howe ..read more
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FUD: the Crypto-term you need to know in 2021.
Beginner Bitcoin
by Brendan Thompson
3y ago
We have written before about the barrier that crypto-jargon poses to mass adoption of Bitcoin. At Beginner Bitcoin we try our best to eliminate the jargon and make understanding cryptocurrency achievable for everyone, but part of education is terminology and sometimes there are terms that are absolutely essential for retail users to understand. FUD is such a word. Actually, this word did not originate in cryptocurrency, but is often used in the crypto-space to describe a psychological phenomenon that happens: Fear. Uncertainty. Doubt. fear indeed is a path to the dark side In the crypto mark ..read more
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