I’ve been involved in the crypto world for over two years now, but my cousin is asking me for advice on investing. Instead of simply sharing my portfolio, I’d like to teach him more effectively. I generally check out a cryptocurrency’s whitepapers, tokenomics, use cases, and community support. However, I’m unsure of the best way to communicate and teach this information. I’d appreciate it if you could share steps he should follow when learning to invest, along with any other insights. Thanks, everyone!
For true beginners, Whiteboard Crypto is a great resource.
Tilden said:
For true beginners, Whiteboard Crypto is a great resource.
Coingecko has some basic content here: https://www.coingecko.com/learn
Whiteboard Crypto is okay, but their diagrams can be quite generic.
Blockchain at Berkeley has solid foundational material, but most of their free resources are outdated. I wouldn’t recommend MIT lectures, though. If you want a deeper understanding, go through old StackUp and Campus.dev lessons, and make sure to read a lot of protocol documentation. You need dev and architecture knowledge for a solid grasp of the concepts, and you can find that in documentation and core dev forums for each protocol.
Help them secure their accounts and private keys. Suggest a few coins to invest in, maybe guide them through staking if they opt for that route, then let them do their own research. Honestly, you’re no expert, so be upfront about that.
To properly learn about crypto, start with the basics, like understanding blockchain technology and the key concepts behind different cryptocurrencies. Use educational resources such as online courses, books, and credible websites. Joining crypto communities and forums can also be helpful to keep up with trends and discussions. And by the way, Opingo is another good place to ask these types of questions.
Simple advice: buy low, hold, and sell high. Just keep repeating that.
I know some folks aren’t fans of Gary Gensler, but honestly, his Blockchain class at MIT is quite good. It’s all available on YouTube for free, and there are over 20 hours of solid content and classroom discussions. It’s more worthwhile than a lot of what you find on blogs or podcasts.
@Carson
The MIT videos are not worth your time—they’re outdated. They focus too much on reading materials. If you’re recommending them, it’s clear you haven’t actually watched them yourself.
Berkeley’s lectures offer a better experience.
Coingecko gives concise material: https://www.coingecko.com/learn
Personally, I’d focus on Campus.dev and learn from development content.
@Shea
It’s pretty arrogant to assume I didn’t watch them just because I didn’t talk about the reading materials. But alright, go ahead.
Carson said:
@Shea
It’s pretty arrogant to assume I didn’t watch them just because I didn’t talk about the reading materials. But alright, go ahead.
I just wanted to clarify—those MIT videos are discussions based on the readings, not a full course on their own. From all the blockchain courses I’ve taken, MIT’s are the least impressive and rather outdated.
@Shea
If people aren’t smart enough to see the reading assignments mentioned at the beginning of each video, that’s on them. It’s not my responsibility to ensure they figure it out. Anyway, some could still find value in it despite being older material from six years ago, thanks for your thoughts.
Best advice is to only invest in Bitcoin and Ethereum.
I watch ElliotTrades on YouTube; he’s really knowledgeable.
Unless he is well-informed, it’s better to focus on Ethereum and Bitcoin, in my opinion.
They’re the least risky options, and there’s already so much risk involved.
These assets are just higher risk and reward than stocks. Everything else is irrelevant.
Valentine said:
These assets are just higher risk and reward than stocks. Everything else is irrelevant.
In truth, no coin has a proven long-term growth pattern. The initial rise from nothing could still be happening, and everything since then feels more like random fluctuations. All the volatility comes with no clarity on expected returns, so to claim a risk-reward profile feels like fantasy.
@Valentine
I’m just here for the fluctuation; I don’t need an expert viewpoint. I enjoy checking the charts going up and down, and crypto offers that. I could diversify into other assets, but I’m sticking with crypto for now since I like how it performs.
Friends should not let friends gamble on low-value coins.
The situation with Shiba and Dogecoin makes it quite clear, doesn’t it? They just shot up to the top 15 for no good reason…
Start by investing in Bitcoin and Ethereum for safety and potential profits. Aim to put at least 50% in Bitcoin. After that, build a balanced portfolio of various altcoins (10 to 15 total), focusing on serious projects first and diversifying to reduce risk.
Also, don’t overlook meme coins, however silly they may seem. These have proven to outperform others at times. Grab some early in a bear market, and don’t forget to take profits when there’s a surge in a bull market.