Category: Cryptocurrency
The Self Custody Manual: A Practical Guide to Buying Bitcoin and Hardware Wallets
The Self Custody Manual is a step-by-step guide on buying Bitcoin and securing it in cold storage. Get your free copy at: The Self Custody Manual.
What is a Seed Phrase – BIP39 Standard Simply Explained
Understanding seed phrases is essential for protection of your digital assets. I already covered best practices of seed phrase protection and today I’ll explain exactly what we’re protecting. Private Keys vs Seed Phrase The ownership of a crypto wallet boils down to having the private keys that control it. A private key is a string of alphanumeric characters that …
10 Requirements: Choose a Good Hardware Wallet
Choosing a hardware wallet is a serious and extremely responsible decision. A user has to do dedicated homework instead of picking the cheapest or the first available option. When I was evaluating which hardware wallets to buy, I relied on the following list of requirements. Read on and see the reasoning behind each. 1) Has to …
The Art of De-Risking: A Mid-Curver’s Take on the Crypto Market
Are your legs shaking, anon? For those of you reading from the future, I’m writing this on a red day where most gamblers’ portfolios are down bad. Many speculate that it might be the end of the bull market. Instead of giving you my opinion on that, I’ll cover what has been consistent in the …
Bitcoin Cycle Top Indicators Analysis
As most of you already know, I like to accumulate Bitcoin during bear markets, in accordance with the 4 year cycle theory. In other words: my entries are based on time rather than on price. At the same time, I want to share certain indicators that people might consider following, especially during the pivotal moments …
Liquidity Provision (LP) and Impermanent Loss (IL) Explained
Executing trades in a decentralized manner is completely different to placing orders on exchanges. Instead of relying on an order book, DEXs (decentralized exchanges) use liquidity pools and AMMs (automated market makers). In this post, I’ll explain how this work in a beginner-friendly way. Note: this is an educational post, not a recommendation. I’m not …
Market Cap vs Fully Diluted Valuation (FDV) – Explanation & Practical Analysis
Market capitalization (or market cap) represents the total value of an asset. For a publicly traded company, the market cap is its current share price multiplied by the number of shares. A hypothetical example: The price per share is $50 There are 10,000,000 shares outstanding The market cap is the price * the shares = …
Review of the Keystone 3 Pro Hardware Wallet
A couple of days ago, the CEO of Keystone stumbled upon my post “Is Ledger a Hot Wallet?“. This initiated a discussion and he offered to send me a Keystone 3 Pro device to try their Bitcoin-only firmware. I’m exceptionally selective in accepting gifts to avoid reciprocity bias, so I explicitly asked if there is anything …
Hardware Wallets Comparison (Trezor, BitBox02, Ledger, Coldcard)
Practicing self-custody comes with the burden of picking the right hardware wallet. That evaluation is highly personal journey, as the circumstances and needs vary from person to person. In this post, I show you my thought process and requirements. Below, you can find a comparison between a few of the industry-standard hardware wallets and my conclusions. …
Conservative Predictions During Bear Markets
As a crypto historian, I wanted to take a look at the sentiment of market participants before previous bull runs. The TLDR is: investors are way too conservative during bear markets. Price Predictions From 2016 Here is a Reddit thread from 2016 where users discuss Ether’s price: End of 2016 and 2017 price target, place your …
5 Steps to Overcome Investing Fear
You’ll never self-actualize if you allow fear to subdue you into paralyzing risk-aversion. This post won’t necessarily show you where to start, but it will clearly show you why you’re in the position you’re in. Follow the 5 levels below and figure out the decisive factor that prevents you to employ your past productivity (i.e. …
Is Ledger a Hot Wallet? Analysis of the Recovery Service
Ledger used to be the standard hardware wallet choice for most crypto investors. Some time ago, they announced Ledger Recover. It’s an optional service aimed at n00bs that don’t trust themselves to take care of their seed phrase. If you were a Ledger user with significant capital secured by it when this news came out, …
How I Accumulate Bitcoin During Bear Markets
This post can be summarized really simply: “I buy as much Bitcoin as I can during bear markets”. However, evolving in the market, besides just buying, I found an edge that I’ve leveraged successfully in the past and I’m doing it again now. You can consider this post an intro to making mad gains without …
Introduction to Hardware Wallets (Cold Storage for Beginners)
If you’re reading this, you probably accumulated sufficient amount to start worrying about security. You also probably use an exchange to store your coins and understood that it defies the purpose of decentralization. Lastly, you most probably heard the phrase “not your keys, not your coins” but are uncertain what it actually means. Let’s start …
Market Order vs Limit Order โ Placing Orders Tutorial
Understanding the terms “market order” and “limit order” becomes crucial once you’re ready to make trades. If you’re a beginner, making your first buy order might terrify you. We’ve all been there. But it’s much simpler than it looks. This post is a n00b-friendly introduction to executing a buy order. Different Types of Orders When you click …