Cryptocurrency is probably one of the hottest topics in finance today with nearly every media outlet commenting on how crypto, and Bitcoin specifically, spells either the doom of the modern financial system or if Bitcoin is simply another fad akin to thetulip bubble back in the 17th century.
Given all this news and information about Bitcoin, it can be hard to find reliable sources for how Bitcoin works as both a store of value as well as a mode of exchange. In this article, we will go through some likely sources of Bitcoin information and rank them based on how reliable they can be.
Popular Sources for Information on Bitcoin
Message boards, like Reddit and other forum-type platforms, are often a difficult source of information to properly judge. While it’s easy to brand any message board as inherently flawed in its credibility, there does seem to be merit in essentially crowd-sourcing information based on what experts from around the internet think. But you also run the risk of believing what is presented as fact but is in reality just fiction, or worse, malicious financial advice regarding Bitcoin and other cryptocurrencies.
The Bitcoin Website
An interesting avenue which you can leverage for more concrete information on Bitcoin is through the actual Bitcoin website. On this website, you can learn about the history of Bitcoin, the processes it undergoes, as well as the actual whitepaper developed by Satoshi Nakamoto, the pseudonym for the creator of Bitcoin itself. This can be a fascinating resource for those with the capacity to understand some of the more complicated terminologies, but might be overwhelming for those just starting out.
Bitcoin Courses and Lessons
One of the best ways to learn about Bitcoin is to take advantage of the many certified classes from platforms like Binance and Coinbase. These crypto exchanges run through many different currencies and have developed guides for newcomers to better understand the different functionalities that specific tokens have.
Not all are readily accessible though, and many found online are dubious at best in not necessarily providing an accurate viewpoint on what Bitcoin is. As such, it’s advisable to double-check how sound some of the information presented is and if the “course” feels too much like an instruction to just continue buying Bitcoin.
Final Words on Bitcoin Information
As with any potential investment, it’s important to understand the risks and rewards that are involved. If you are interested in exploring the world of Bitcoin, consider visiting BitLeague today to start your first Bitcoin purchase.