The Ultimate Beginner's Guide to Crypto
260: Get Set Up in 20 Minutes
It dawned on me this weekend that we are still early in the crypto cycle and in term’s of overall adoption globally.
With that being said — while I have provided nuggets of how to’s and updates over the years on crypto I don’t have one singular guide to the sector for newbies and less experienced folks to read to get up to speed so today that’s exactly what I am going to do.
Today’s post is a complete comprehensive guide to crypto within the posting limits of Substack. Everything you need to know — from the basics of the market, to how to buy, to wallet and cold storage management, and beyond will be covered in today’s guide. While it is meant for folks who are new to the space — there will be some nuggets relevant to experienced and veteran crypto folks as well.
If you are brand new to to Arb Letter — I suggest reading through this post BEFORE reading any of the other crypto related ones — as those assume readers have a semi up to date knowledge of what’s going on in the space. THIS post should be read AFTER this one.
I initially got into crypto at the end of 2016 when I was in my first role trading commodities in NYC. A senior trader mentioned Bitcoin and Ethereum to me in passing and it didn’t take long before the whole floor was fascinated with this new fast moving market.
At the time it was purely speculative — I hadn’t done much research on use cases or purposes of these new assets but I knew I liked the fact that Bitcoin was limited in supply, was immutable, and posed an interesting hedge against fiat currency. It wasn’t until I had endured several aggressive bear markets that I began to truly accumulate some good size in mainly BTC and ETH.
Over time — my entries looked better and better as the crypto sector flourished in bull runs, popping off with the run during Covid amid insane money printing by the US government.
Crypto represents much more than a speculative tool to many — it represents freedom and transparency in a world when central banks and federal governments have demonstrated that they do not have the best interest of citizens in mind. How could they when the US is adding trillions of debt every few months?
Domestic bank failures have dominated headlines over the last several years and people certainly have the lowest amount of trust in institutions in quite awhile — much of this is due to Covid lockdowns — but recent events like insider trading by politicians, questionable central bank policy, and a creeping wealth gap in the West are waking people up to the reality we all live in.
On a long enough time line the options to “make it” are narrowing. This is evident in the cost of basic goods, the real estate sector, and the value of the dollar compared to the 1980’s or 1990’s.
Today’s guide will help answer the following:
When to buy and what to buy this bull run
How to outperform 90% of traders and investors
How to secure and protect your digital assets
The best resources to follow this bull market
Best tips and tricks to maximize returns
Investing in Bitcoin, Ethereum, and other crypto amid rising institutional interest in recent months offers significant upside potential. These cryptocurrencies represent a new asset class that operates independently of traditional financial markets, providing a hedge against inflation and economic uncertainties.
Unlike gold or equities, which are influenced by geopolitical events and market fluctuations, Bitcoin and Ethereum have limited supply, making them potentially more resilient to inflationary pressures. Additionally, their decentralized nature and technological innovation suggest long-term growth prospects, making them attractive options for investors looking to diversify their portfolios and generate wealth in alternative markets.
If you’re new to crypto or looking to gut check your strategy — check this guide out and then proceed to read my other crypto centric updates.
Let’s get started.
No time to waste.
