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Money, Money!

Sunday, September 18, 2022

Money, Money!

Amazon carries a large number of wallets (bitcoin "cold storage devices") for just about every budget. I have both a Trezor and a Ledger. My experience, so far, has been educational. There are things to be aware of before you ever put your bitcoin in a new wallet. My blog will cover these pitfalls, be sure to check out the readme section.

Getting a wallet that you trust, understand, and feel comfortable with, is extremely important. I suggest buying two different brands, set them both up and place 1/2 of your bitcoin on one and 1/2 on the other. Transfer some bitcoin back and forth. (Free - if you're not in a major hurry).

There are hundreds of new books about Bitcoin popping up all the time. The trick is to know what is garbage and what is worthy of your money. I don't know that trick, so if you figure it out, please let me know. LOL... it is difficult to know what to purchase, especially if you don't know the author's angle. The catchy or intruiging title does not always reflect the quality of the content either. (Don't judge a book by it's cover). Word of mouth is always good. But that usually means someone took the hit to find a good one.

Books



Research always comes first. What are you trying to learn about, and why? How will the knowledge help? Is the information for general inquiry, or does it need to be technical? Is it strictly financial? Or is the information needed to code a Bitcoin solution on the blockchain? Bitcoin is loaded with rabbit holes, good to know where you are at before you jump in the pool. Welcome to the world of Bitcoin!!

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