Choosing the right bitcoin course is not easy considering the great amount of offers and courses available.
In this article we highlight what differentiates DCA Signals and why it might be the right choice for you.
Table of Contents
Do your own research (DYOR)
A phrase you will often hear is “do your own research” or short DYOR. This meme or phrase is often heard when people ask for very basic questions or tips how to invest.
The reason why we call this a bitcoin course is because doing your own research is a universal way to succeed. Humans have learned self-responsibly for thousands of years and it’s a proven method until this day.
The “do your own research” approach is building your own education program and doing it all yourself. Whether that means that you just follow your own curiosity, soak up hours of videos, swallow dozens of books or call up a friend to source information, everyone has a different way of learning.
While “Do your own research” might sound harsh at first glance, it is actually meant positively. If you do not do the hard part yourself, you could be at risk of losing money.
People who take shortcuts may miss important information which can cause them headaches later on. Just think about going to your practical driving exam without ever having driven before. Or worse, driving from Los Angeles to New York without a driver’s license and without practice. It’s a bad idea. It may work but it’s risky and illegal.
Now with bitcoin strategies it’s similar. You can do it without proper education but it’s risky. And as Warren Buffet famously said “Never invest in things that you don’t understand”. So please always do your own research.
Doing your own research means learning the things you need to understand. Some things in life you cannot outsource. You cannot delegate driving if you want to be independent. You cannot outsource shopping if you are picky with what you buy. You cannot outsource your retirement and believe the government will be careful and responsible with your money.
Doing your own research is a fundamental approach that applies to any bitcoin strategy. Because even if you sign up for a specific bitcoin course, you should be able to verify what you are taught.
Compare the offers, learn by your own, consult different mentors and advisers and make up your own mind after you have done in-depth research.
Free bitcoin courses are a wonderful way to get started with your bitcoin strategy. But be cautious, just because something is free, does not mean it’s good. In fact, free things can often be terrible. When things are free, you should always be careful whether the one who offers the product has a shady way of exploiting you.
When things are seemingly free, often you are the product. That means the way a company makes money is by offering you a free thing but only if you provide a lot of personal details which can be sold for money later on. This way the company still makes money but without telling you.
Often you are better advised to invest a bit of money. And if you consider what you spend dumb money on or how much money you left at the pub or out shopping last weekend, perhaps it’s time to invest in your own education.
There are a number of free bitcoin courses that are trusted which you can find below:
Bitcoin Trading Courses and Seminars
Conferences such as The Financial Summit and online groups like ChartChampions are common offerings in the market for bitcoin strategies.
However you have to clearly understand what these courses are mainly about. The marketing promise is always that you could get rich. They promise insane returns like 100x or 1000x. These results are not realistic for most people.
Trading involves a high risk and is similar to playing poker. It’s all based on luck with a small level of control and influence from the trader / player. If you seek for an effective method to grow your bitcoin portfolio you should stay away from trading courses.
Crypto Trading Courses
Crypto trading courses are focused on altcoin trading. These pump and dump schemes promise extraordinary returns in a matter of months. However, the marketing promise sounds always much better than the reality. In most cases the underlying mechanism is that of a ponzi scheme or fraud scheme.
Hereby, the issuer of an altcoin invests marketing dollars to pay for influencers and traders to promote the scam. Then, the price gets pumped up and the insiders cash out. With the dump of the insiders, the price comes crashing down and many retail investors will lose their “investment”.
For this simple reason we advise to not consider crypto trading courses as a serious strategy. Even some of the most trusted and reputable courses such as Real Vision have shown that they do care little about their students and audience. They prefer making money with shady projects over being honest and transparent.
Defi Staking Courses
Another category of courses you might stumble upon are so called ‘staking courses’ or ‘defi courses’. Exchanges and Custodians such as Kraken, Coinbase, Binance and BitGo as well as hundreds of other small projects and tokens offer staking services.
While stable returns sound wonderful, the risks are associated are immense and underestimated. Of course, plenty of coaches, trainers and experts like to sell you their ‘defi courses’ and ‘staking courses’. In our opinion the best thing to do is to run as these are not legitimate strategies to build generational wealth.
Bitcoin Fundamentals Courses
Bitcoin is more than just a digital currency; it’s a revolutionary technology that has the potential to reshape how we think about money, finance, and information security. Here’s why understanding the fundamentals of Bitcoin is crucial:
- Solid Foundation: Bitcoin courses fundamentally lay the groundwork for understanding how Bitcoin works, its underlying technology (blockchain), and its implications for various industries.
- Informed Decision-Making: Whether you’re considering investing in Bitcoin or integrating it into your business, a strong understanding of the technology will help you make well-informed decisions.
- Navigating the Ecosystem: The cryptocurrency ecosystem can be complex and overwhelming. Fundamentals courses help you navigate exchanges, wallets, and other key components of the ecosystem.
- Critical Thinking: Bitcoin challenges traditional financial systems and norms. Understanding its fundamentals allows you to critically evaluate its potential impact.
Reputable Bitcoin Fundamentals Courses
Here are a few highly regarded Bitcoin fundamentals courses to consider:
1. DCA Signals – Bitcoin Fundamentals
This course, offered by Princeton University on Coursera, provides a comprehensive introduction to Bitcoin and other cryptocurrencies. It covers technical, economic, and social aspects, making it suitable for both technical and non-technical participants.
- Format: Online course with video lectures, quizzes, and assignments.
- Duration: Approximately 11 weeks.
- Level: Beginner to intermediate.
- Link: Bitcoin Fundamentals
2. Khan Academy – Bitcoin
Khan Academy offers a free series of videos that cover the basics of Bitcoin, including its history, how it works, and its potential impact. The course is beginner-friendly and provides a solid introduction.
- Format: Online video lectures.
- Duration: Self-paced.
- Level: Beginner.
- Link: Khan Academy Bitcoin Course
3. MIT OpenCourseWare – Cryptocurrency Engineering and Design
While not solely focused on Bitcoin, this course from the Massachusetts Institute of Technology (MIT) delves into the technical aspects of cryptocurrencies and blockchain technology. It covers cryptographic tools, consensus protocols, and more.
- Format: Course materials, including lecture notes and assignments.
- Duration: Self-paced.
- Level: Intermediate to advanced.
- Link: Cryptocurrency Engineering and Design
4. Bitcoin.org – Getting Started
For those looking for a concise and straightforward introduction to Bitcoin, Bitcoin.org offers a “Getting Started” guide. It covers the basics of acquiring, storing, and using Bitcoin. This makes it a good option for your bitcoin course.
- Format: Online guide.
- Duration: Self-paced.
- Level: Beginner.
- Link: Bitcoin.org Getting Started
How to select the right bitcoin course
Get an overview and compare
As we have laid out in the prior segment, you should always compare different offers. Comparing the quality, reputation and trust is critical to identify what’s good. Just because someone’s website looks amazing doesn’t necessarily mean that the content is good.
A lot of crypto you-tubers sell bitcoin courses but in reality they don’t offer real value. The course just tells you how to gamble with alt-coins instead of giving you a solid education on bitcoin. The more you compare the different offerings, their marketing promises, their reputation and trust the better you will be able to decide.
How do you learn most effectively?
In order to chose the right bitcoin strategy and training, you need to ask yourself how you like to learn.
Some people love to read and want the key facts presented in a short list of bullet-points. Other people prefer to listen to a lecture or teacher. And some prefer visual content to learn.
There are also those who love watching videos and others who prefer 1-to-1 mentorship. You see, nobody learns like the other and everyone has different preferences when it comes to their ideal bitcoin strategy and course design.
At DCA-Signals teach you such that your personal profile and perfectly catered for. If you like to watch videos we will use video material, if you prefer direct coaching we will match you with one of our coaches. There are no limits in customizing your experience to make your journey most efficient.
Understand how bitcoin works
If you understand how bitcoin works, you will also be able to separate wheat from chaff when it comes to bitcoin education.
Now obviously this is a logical fallacy. How are you able to understand bitcoin without prior training and education? It’s a typical chicken-egg problem. But don’t you worry, the answer is quiet simple.
In Michael Saylor’s words, just keep a laser focus on Bitcoin. Don’t get distracted by alt-coins and fancy projects. Stick with your goal to educate yourself about Bitcoin first. If you take the time and focus, you will soon see incredible results. Your life will change and become much more enjoyable and exciting.
Chose after your preferences
Ultimately it comes to your own personal preferences. Consider the time you have available, your risk appetite, your personal preference for learning and find the right course that suits your needs.
Perhaps you prefer a female teacher over a male? Do you like to listen from a young coach who speaks rapidly or rather from an older professor who is calm and precise?
At DCA-Signals we are able to customize your learning experience. You can chose the right coach that you like and enjoy engaging with. You can chose the right time based on your availability. You can join weekly webinar calls and group sessions. You can also learn by yourself with our high-quality learning materials.
If you need a 1-to-1 mentorship just book a call with one of our experts. Join DCA-Signals to convince yourself. With our annual membership you have one year of access to all our resources and our exclusive expert network.
Frequently Asked Questions – FAQ
Are there any red flags I should watch out for when choosing a Bitcoin course?
Watch out for courses that promise quick riches, have no clear course outline, lack a reputable instructor, or have a high number of negative reviews. These can be indicators of low-quality courses or scams.
Is certification important for a Bitcoin course?
Certification can be valuable if you plan to use your knowledge professionally or as proof of your expertise. However, it’s not always necessary for personal learning. Consider your career goals when deciding.
How can I verify the credibility of a Bitcoin course instructor?
Look for instructors who have a background in cryptocurrency, blockchain technology, or finance. Check their qualifications, industry experience, and any publications or contributions they’ve made to the field.
Are there different types of Bitcoin courses available?
Yes, Bitcoin courses vary in content and format. You can find introductory courses, advanced courses, online webinars, and even in-person workshops. Choose the type that aligns with your learning style and needs.
What factors should I consider when choosing a Bitcoin course?
Consider factors like the course content, instructor’s credentials, user reviews, course format, and your own learning goals. Ensure the course covers the topics you’re interested in and is suitable for your skill level.