No, Bitcoin is Not Like The Stock Market — Here’s How to Start Learning About it
My nephew called me to ask me about Bitcoin, “Aunt Heather, is it like the stock market?”
No, nephew, it’s not.
I remember thinking the same thing from 2018–2020. It was a critical time when I could have been creating a Bitcoin asset rather than misunderstanding it.
I learned the hard way that I couldn’t make a “quick buck” off of BTC.
Let me help accelerate your Bitcoin learning.
Start by Reading the Right Bitcoin Books 📚
When I first began learning about Bitcoin, I found all the wrong teachers and books!
There are two quintessential books to pick up to start your learning:
Pro tip: You can read a version of The Bullish Case for Bitcoin when you sign up for the FREE Bitcoin for Everybody course on Saylor.org.
Bitcoin isn’t for your daily purchases — yet
The goal right now is to accumulate as much of this scarce asset as you can.
Not that there aren’t ways to spend your BTC — there’s no compelling reason to part with it.
Bitcoin isn’t like the stock market 📈
In the stock market, shares represent ownership claims on a business.
Bitcoin has nothing to do with business.
It’s, “A purely peer-to-peer version of electronic cash,” as defined by its creator, Satoshi Nakamoto in the Bitcoin white paper. It is decentralized, uncensorable, and can’t be regulated by any government (despite what any government may say).
To understand Bitcoin, you must learn about money 💰
Most people don’t have an understanding of money.
The above-mentioned books will give you this knowledge. The Bitcoin white paper will lay out the basics of why Satoshi created it — and the specific problem it solves.
Learning about Bitcoin requires an investment into your own learning.
Do your own research. Don’t trust, verify. This is NOT financial advice.
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