Comprehensive List Of The Most Basic Useful Essentials About Cryptocurrency. *UPDATE* v2.0

Hello fellow frienditors, it’s me again.

This List Will Contain Some Of The Basics Fundamentals From This Whole Subreddit.

UPDATED VERSION 2.0

As a celebration of averaging 2,200~ new subscribers daily, and soon beating the 2 million mark, I thought that it will be a good idea to provide them with some useful posts based on this community contributors. Thanks to the more and more useful posts flooding this subreddit, I thought that it would be a great idea, to gather some more useful posts, and to share them with you in this list. I wanted to update the first original post, but I thought that it will not get so much attention for beginners. Not everyone knows how to use the search bar. Bear in mind, that it’s pretty hard to track every useful and helpful posts at this subreddit, that’s why I will accept and appreciate any particular suggestions to what to edit in this post. I am not taking any credits, everything belongs to the original posters of these post. I only collected them for your own good.

You don’t have to award me, it’s better to go and thank the OPs of these posts. Go forth and award them for their contributing!

From what I’ve read and seen here during my actuation, I’ve managed to dig deeper into the waters of this subreddit, so I can highlight you the most efficient and basic ones. I decided to make a decent comprehensive list about the most asked and frequently asked questions in this subreddit. I suggest you to use this list as a “brain in your pocket”. You can save this list and come back to it whenever you need to.

I’ve managed to dig deeper into deep waters to collect as many helpful resources and threads as was possible that were posted here and got a decent positive responses, so you don’t have to waste your time finding them. I’ve collected a decent amount of all the frequently asked things in hundreds of posts but I will try to keep it simple and share here only ( in my opinion ) the most efficient ones.

Bear in mind, that these topics can be outdated already and can vary in some aspects. It’s not sure that they are 100% accurate at present, but I will try to pick the best pieces.

At the end of every topic, after my short introduction to these essentials in this thread, there will be very decent, helpful, informational, deeper links to posts that are describing the talking threads in depth.

CRYPTOCURRENCY IN GENERAL

If you’re here, you probably should already know what is cryptocurrency. If not, then here is the short simple answer: Cryptocurrency is a digital currency that can be used to buy services or goods. It can be used as a store of value. Cryptocurrencies are using strong ledger which is securing online transactions. This makes it literally nearly impossible, impenetrable to counterfeit. There are currently over 8.700~ cryptocurrencies listed on CoinMarketCap.

1. For the newcomers: the top 50 Cryptocurrencies, each explained with one sentence. – u/Layneeeee

2. Top 101 Coins Grouped by Usage/Purpose – u/CrabCommander

3. Top 25 cryptocurrencies – 3 Pros, 3 Cons – u/pippius

4. Some interesting facts about the top 15 cryptocurrencies – u/LivingThings37

5. The ultimate guide to earning passive income with cryptocurrencies – u/Weaver96

6. List of 43 countrys and their cryptocurrency regulations – u/steavus

7. 5 ways to generate passive crypto, what is and what isn’t worth the time – u/kissing_the_beehive

8. What you need to know about Decentralized Finance – DeFi – u/Ameri-CantBeWrong

DYOR – Do Your Own Research

DYOR. Yep, you probably saw this acronym many times in this subreddit. In short, “DYOR” (not Christian) means that you should never, never and never trust an any other company, people, project team or anyone else without proper verifying of the information that they provided for you. Always compare their suggests to your OWN RESEARCHES.

Nobody will tell you truly, how to get rich. They want to make rich off you !

1. Beginners guide to researching crypto projects – u/cryptogrowth

2. How to Find Assets BEFORE They Are Popular – u/BTC2018

3. A Guide On How To DYOR “Do Your Own Research” In An Effective Manner – u/GoldenRain99

4. To all the new folks getting into crypto: Do not, I repeat, do not buy on Robin Hood. – u/wolfmangpuck

5. I created a tool to better understand market cap potential of alt coins, because I needed it myself for my research. Published it as a website for anyone to use. No ads, no BS. – u/lovinglyhandmade

6. A break down of the bull case for Ethereum and how it relates to Bitcoin – u/TheWierdGuy

   1. Beginners Guide to DYOR (Do Your Own Research – u/Weaver96

7. Everyone talks about DYOR – How to DYOR – u/calvintheidiot

8. 10 Great Crypto Research Sites And Tools – u/ser_antonii

YouTubers as part of DYOR

Some of us are watching YouTube, to do his own DYOR, to lean one someone’s else’s opinion, to find a motivation, to learn more about projects. When you don’t know where to look for research, YouTube may came to your mind. While some of the YouTubers are providing some good Technical Analysis, others are making use of their own subscribers for their own good.

1. Crypto Youtubers Tier List – u/anasshm

2. To YouTube Clickbaiters – Don’t toy with us! –u/liau_

3. We should be here for newcomers, because YouTubers certainly aren’t – u/Kawalele

WALLETS

A wallet is a important thing to own when you’re working with cryptocurrencies. A crypto wallet can be device, program or a service which is storing your keys or seed. These keys or seeds are being used to verify yours transactions in order to prevent someone else from using your cryptocurrencies. You can store in them your cryptocurrencies pretty much totally safely, or even your FIAT.

1. A Beginners Guide to Cryptocurrency Wallets – u/Weaver96

2. Things you NEED to do when you first receive your hardware wallet – u/plokij24

3. Ultimate Staking Guide 2021: Overview of Best Crypto-Projects to Stake with PoS and DPoS “Profitability, User Experience, Low-Risk – u/icysx

4. CryptoWallets – Which one should you use – u/good-as-helix

MOONS

Our dear sweet MOONs. MOONs has been created as this /cc subreddit points and they can be used for exchange to FIAT or any other cryptocurrencies, buying Reddit premiums or even for tipping someone ! It can pay your bills too! Reddit moons have paid for my bills two months in a row by u/AvidasOfficial . Or even they can pay your debt ! I sold my 78k moons to pay off my debt! by u/Wulkingdead . MOONs are practically community points what all of us can use, earn on this subreddit. You can buy them too!

1. The Great FAQ about Moons, Community Polls, Governance and more – u/DivineEu

2. Reddit MOON info for newcomers – u/nanooverbtc

3. Why MOONs are mooning, plus some resources – u/Larkinz

4. Question about MOONS? Did i missed the party? – u/birolata

5. Full Guide to buying Reddit Moons on Honeyswap – Hopefully this saves people trouble going forward. – u/LargeSnorlax

6. FAQ, Sell, Buy, Governance. 4 guides about MOONs – u/DivineEu

EXCHANGES

Simply, Exchanges are Platforms. Platforms that we’re using every day to trade our cryptocurrencies for other assets, including either FIAT or digital currencies. They act as intermediary between the seller and the buyer. For this job, we’re paying them the transaction fees or commissions.

1. Robinhood blocked several stocks from being bought. They locked the buy button when it suited them. Don’t buy Bitcoin on RobinHood. The dust has settled, but we remember – u/jackvilles

2. A beginners guide to limit orders, stop orders and stop limit orders – u/pseudoHappyHippy

3. Be careful not to deposit your crypto into any exchange before seeing their KYC terms or else they may Freeze your withdrawal with excuses – u/chilledmyspine

4. How and why exchanges are manipulating the price in order to capitalize on the new market dynamics – u/arsonbunny

5. A beginners Guide to Cryptocurrency Exchanges – u/Weaver96

6. Keeping your coins at exchange might be the best thing for you – u/CarbonatedInsidious

7. Beware: If you’re using Robinhood to buy cryptos, you’re doing it wrong – u/Such-Fig-3879

Dollar Cost Average (DCA)

It is an investment strategy/technique in which an investor is spreading his crypto, stock or fund purchases. It’s a strategy where you’re buying at regular intervals ( weekly, monthly, every other week etc. ) with a roughly similar equal amounts of money. It aims to reduce the volatility and minimize risk.

1. Stop trying the market, DCA FTW – u/Nexul1

2. “Buy The Dip” Isn’t Often What It Seems – Why Dollar Cost Averaging Can Be A Smarter Choice – u/calvintheidiot

3. Dollar Cost Average “DCA” spreadsheet to help with research, “mostly for newbies” – u/FrontHandNerd

4. If you’re young, then you should hodl, not trade – u/walkinthepark01

5. Its not too expensive, and you’re not too late – u/Weaver96

6. DCA – What is "Dollar Cost Averaging"? Why You Should DCA, What is my DCA strategy.. – u/DivineEu

OTHER EDUCATIONAL THREADS

1. A collection off all the possible ways to earn free Crypto – u/Layneeeee

2. I will tell you exactly what is going on here, this is critical information to understand if you’re going to make money in this space. How prices work, and what moves them – and it’s not money invested/withdrawn – u/Suuperdad ( 3 yrs old thread but still relevant )

3. 20% dip? Looks pretty normal to me – u/bose25

4. How a became a millionaire using crypto technical analysis and here is a guide – u/steavus

5. Sell walls: What they are, what they do and how to spot them – u/Tilted_Till_Tuesday

6. Most used abbreviations in the cryptospace “newbie guide” – u/Jeremykla

7. FUD (fear, uncertainty, and doubt) for the top 20 coins and why you should be aware of it – u/liau_

8. Pump And Dump Schemes. What They Are, How To Avoid Them – u/Anhowa123

9. DeFi Explained: Smart Contracts – u/Fantastic-Cucumber-1

10.NFT Madness – What they are and what they are not – u/CrabCommander

11.This is what happens to Bitcoin when options expire – u/TheGreatCryptopo

12.The Ethereum Value Propisition: Beginner Guide – u/etheraider

13.Inflation and Crypto – A detailed analysis – u/Ameri-CantBeWrong

I would like to ask you kindly to suggest some more USEFUL threads or links in the comment section below.

NOTE TO ALL :

This Comprehensive List Of All The Basic Useful Threads should only be used for an educational purposes ONLY. I am not forcing anyone to listen, read and use these posts for your present and future investments. In my opinion we should learn from them. Otherwise, use this list as a white paper/ starting point on your journey, not as your “get rich quick scheme” or “business plan”.

I am not a financial advisor. I am not taking any responsibility for the things that were showcased.