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Welcome to the Academy

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Getting to Know Cryptocurrency: A Beginner's Guide

This is the first course in the Academy, designed for complete newcomers to cryptocurrency.

0 lessons
90 minutes
level Basic
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Short answers to common criticisms of Bitcoin

Bitcoin is a bubble
Bitcoin is a fad, it will never catch on
If you shut down the internet Bitcoin stops working
Gold is the best store of value
What happens to my bitcoin when I die?
Cryptocurrency isn't real so how can it have value?
Regular money works fine for me, why do I need crypto?

Bitcoin is a bubble

Bitcoin is often compared to the economic bubbles like the Tulip Mania of 1636, but by their nature bubbles are discrete one-off events. You cannot reinflate a burst balloon, so if the 2017 bull-run was a bubble, how come Bitcoin recovered and has now surpassed that high?

Cryptocurrencies do experience significant price volatility but should be evaluated over broad time periods. 2014 and 2018 were the only years where Bitcoin's price was lower at the end than it started.

If you zoom out and look at long term average indicators Bitcoin's appreciation is consistent. The monthly price has never closed below its 200 day Weekly Moving Average.

Upcoming materials

UkraineDAO: Exploring the world's first war-time DAO
Article

UkraineDAO: Exploring the world's first war-time DAO

What are Soulbound Tokens and why are they important to Web3?
Article

What are Soulbound Tokens and why are they important to Web3?

What is layer 2 and how does it work?
Article

What is layer 2 and how does it work?

Beyond collectables and gaming: How will NFTs look like in the future?
Article

Beyond collectables and gaming: How will NFTs look like in the future?

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