Understanding and Investing In Cryptocurrencies

$20.00

What You’ll Learn

Part of our Digital Essentials series, these fast-paced, 2-hour workshops are designed to introduce you to cutting-edge topics quickly and affordably. These workshops explore transformative tools, technologies and ideas that can truly empower you in work, life and creative pursuits.

Cryptocurrencies​ ​have​ ​been​ ​in​ ​the​ ​news​ ​a​ ​lot​ ​lately​ ​having​ ​experienced​ ​absolutely​ ​explosive growth​ ​and​ ​interest​ – ​mostly​ ​retail​ ​investors.​ ​In​ ​this​ ​course​ ​we’ll​ ​cover​ ​blockchains and what they are,​ ​how​ ​to devise​ ​a​ ​trading​ ​strategy,​ ​introduce​ ​you​ ​to​ ​basic​ ​technical​ ​analysis,​ ​and​ ​get​ ​you​ ​set​ ​up​ ​on​ ​one​ ​of the​ ​most​ ​popular​ ​exchanges​ ​in​ ​the​ ​world​ ​so​ ​you​ ​can​ ​start​ ​trading​ ​immediately.

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Description

Part 1: What​ ​is​ ​a​ ​Cryptocurrency?​

  • Centralized​ ​vs.​ decentralized​ ​data​ ​storage
  • Introduce​ ​blockchain​ ​as​ ​concept​ ​using​ ​Bitcoin​ ​as​ ​an​ ​example
  • Briefly​ ​touch​ ​on​ ​”consensus”​ ​algorithms
  • High​ ​level​ ​history​ ​of​ ​generations​ ​of​ ​cryptocurrencies:​ ​Bitcoin​ ​> ​ ​Ethereum​ ​> ​ ​others Why​ ​do​ ​cryptocurrencies​ ​have​ ​value?

Part 2: Developing​ ​a​ ​Trade​ ​Strategy​

  • How​ ​much​ ​time​ ​do​ ​you​ ​want​ ​to​ ​spend​ ​investing:​ ​full​ ​time,​ ​part​ ​time,​ ​1​ ​hr/mo?​ ​These​ ​will determine​ ​your​ ​investment​ ​strategy.​ ​General​ ​rule​ ​of​ ​thumb,​ ​less​ ​time​ ​you​ ​want​ ​to​ ​spend,​ ​the longer​ ​term​ ​your​ ​strategy.
  • Overview of​ ​common​ ​strategies:​ ​day​ ​trading,​ ​momentum​ ​trading,​ ​short​ ​term​ ​investing,​ ​arbitrage, long​ ​term,​ ​etc.
  • Warn​ing ​about​ ​tax​ ​implications

Part 3: Technical​ ​Analysis​ ​and​ ​Research​ ​Tools​

  • Stockcharts
  • Coinigy.com​, ​ArbMatrix​​, ​or​ ​​TokenSpread
  • Moving​ ​Average​ ​Convergence​ ​Divergence
  • Coin​ ​Market​ ​Cap and Relative Strength Index

Part 4: Making​ ​Your​ ​First​ ​Trade​

  • Coinbase​ ​accounts ​and their different​ ​types​ ​of​ ​trades
  • Market​ ​vs.​ ​limit
  • Stop​ ​loss
  • Take​ ​profit
  • Intro​ ​to​ ​other​ ​exchanges
  • Kraken
  • Poloniex
  • Bittrex
  • Gemini

Nothing contained on this website or at any of Boulder Digital Arts classes and workshops should be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Nor is it intended as investment, tax, financial or legal advice. Investors should seek such professional advice for their particular situation.

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