It has been awhile, too long in fact since my last post on here. I plan to be more active and posting more regularly going onward. For those that remember or seen my earlier post Bitcoin and all things Crypto!!! I have had a change of heart or opinion so to speak. So why this change in viewpoint you are asking? One main reason really fear. Why the fear? Many issues contributed to that fear. I will list them and explain how I worked through these issues. By doing this, I removed the fear so I have an open mind about Bitcoin and cryptocurrency in general.
Lack of knowledge was probably the biggest issue. I didn’t understand anything about Bitcoin or cryptocurrency. As people, it is in our nature to fear the unknown. This is especially true when it comes to finances or a time commitment. I didn’t know enough about it to want to invest any money. I also did not want to invest any time, fearing it would be wasted. The hardest hurdle to overcome is investing the time. Once a person can overcome that fear, we can start to educate ourselves. This applies to anything in life that we do not have knowledge of. But as we all know take investing as an example if you never start you never grow your wealth. The good thing is, in the digital age we live in now, there are a lot of online resources available. They can help start educating yourself. Additionally, there are good old fashioned books. I will do a mini review of a couple in future posts. For online resources, I will list a few below. They are helpful and I visit them regularly to stay abreast on news in the cryptocurrency world.
- Coinbase is also a trading platform. You can also earn small amount of cryptocurrency while completing some of the learning/training modules.
- LearnCrypto has lessons, articles, games all to help increase your knowledge
- TastyCrypto another good resource in your journey
The above are just a few sources I am sure there are more as well.
The next issue was that I couldn’t find how it had a use in my life. I struggled to see that it served a purpose for me personally. This again was mainly because of my lack of knowledge of this industry or topic. I do remember an epiphany moment while walking through our local mall. And that was seeing for the first time ever a Bitcoin ATM machine. This did a couple things more me so I have more of an open mind. It showed me there is a purpose. Seeing ATM’s to buy and sell added validity to Bitcoin and cryptocurrency in general for me. It was also capable of sending to another crypto wallet. This showed a way of transferring funds to someone else or a service provider.
The combination of these events described above helped me to overcome the fear of learning about cryptocurrency. It started to pique my interest in investment opportunities and if they can be another stream of passive income. In the next post I will discuss what avenues i looked into to generate passive income with cryptocurrencies.
I would love to hear of your own journey to learn about cryptocurrency. Do you use it as a part of your investment strategy or as a passive income stream?
Until next post cheers 🙂
GWF