1. What is bitcoin?
2. When someone is thinking of buying Bitcoin for the first time, what are the kinds of things they should be thinking about?
3. Do you have any warnings for anyone who thinks that they could become a Trader?
4. If somebody is new to bitcoin and they go out to buy some and they notice these
alt coins should they also be investing in those?
5. So how do I buy Bitcoin?
6. Can you name me some of the Most well-known and respected exchanges out there?
7. What should I do after I’ve bought my first Bitcoin?
8. What is a wallet?
9. Could I not just leave my Bitcoin on the exchange?
10. If I make a mistake with my Bitcoin and I lose it who do I phone to get help?
11. What is the difference between a hardware wallet and a software wallet?
12. What is a hardware wallet?
13. Can you name me some of the most popular Hardware wallets that I should check out?
14. What things should I be aware of when setting up a hardware wallet for my first time?
15. What should I do when I want to send my first Bitcoin across to my Hardware wallet?
16. How do I actually send the Bitcoin ?
17. How do I spend Bitcoin?
18. What is the Lightning Network?
19. What is a Bitcoin node?
20. what are some of the most common scams and how do I avoid them?
21. Now I’ve got my Bitcoin, I’m a bitcoiner what do I do now?
22. Could you recommend some good books if I want to read more about Bitcoin?
23. Can you recommend some other podcasts that are worth listening to?
24. Can you recommend some great people to follow on Twitter regarding Bitcoin?
25. What does it take to be a good bitcoiner?
26. Was Bitcoin important to you Dan?
27. I’m scared of Bitcoin volatility how do I deal with that?
28. What’s the toughest lesson you’ve had to learn as a bitcoiner?
29. What do you know now that you wish you knew when you first discovered Bitcoin?
30. Do you have any final parting comments for our new bitcoiners?

1. What is bitcoin?

Bitcoin is a money that is not controlled by any government and it has censorship resistance which means you can’t mute or censor transactions. It means anyone anywhere can transact with anyone else and it can’t be seized very easily. Which means it’s a money where no one can take it from you it’s not like a bank where someone can go in and call the bank, the government could call the bank and freeze your account. With Bitcoin you have a money that is extremely hard to seize, when you control your Bitcoin it’s like a Swiss bank account in your pocket.

2. When someone is thinking of buying Bitcoin for the first time what are the kinds of things they should be thinking about?

Bitcoin is like any other investment you might think about, you know, use basic investing principles of – don’t invest more than you can lose, invest in an amount that you find appropriate risk level wise. For example if you’re a pensioner or you’re really old and you don’t want to uh you know take a big risk with your money you wouldn’t want to put everything into Bitcoin. Similarly when you’re young you might want to take a little bit more risk, you can ride the volatility as we all know Bitcoin has large fluctuations in price and bear markets and bull markets, so when approaching it use basic investing skills of, one you don’t invest more than you can lose, two you’re definitely going to want to think about timing wise so when you go invest don’t try to go time the market in terms of buying and selling on a daily basis day trading, you’re going to want to buy and hold which means buy the asset and hold for five to ten years. You’re not going to beat the market, in the short term you might, but it’s very risky in the longer term you’re going to want to buy and hold and that’s a strategy to employ.

3. Do you have any warnings for anyone who thinks that they could become a Trader?

Well statistically it’s unlikely that you’re going to beat the market, there’s a lot of really smart folks out there who have a lot more money than you do, they have a lot more information and they’re the ones you’re trading against. It’s sort of like you’re swimming in a pool with sharks now, when you buy and hold you’re not swimming in that pool anymore you’re able to zoom out and have performance on a very long scale, and so you don’t have to compete with them. When you’re day trading and trying to find Alpha you’re competing with some of the biggest sharks in that pool.

4. If somebody is new to bitcoin and they go out to buy some and they notice these alt coins should they also be investing in those?

A lot of interesting things going on the ecosystem. Bitcoin being the oldest project and what I think is the best project in the space has the best return on risk so sure your buddy might buy Sheba or Dogecoin and it might 10x or 100x but that’s very rare in fact most coins drop in value over a long period of time. What you’re going to want to do is buy Bitcoin, Bitcoin in a as a like Risk adjusted return is your best return you’re going to get so what do I mean by that, you could buy another coin and it could go up but it’s a pretty unlikely bet over a long period of time. Bitcoin is the original one, it’s the one that is solving the problem of money, it is the largest one by number of holders and Believers and I believe it will be the most successful one in the space. So based on that I do think Bitcoin is your best risk adjuster return versus buying an altcoin.

5. So how do I buy Bitcoin?

Buying Bitcoin is quite easy now you can either do it online or in person. If you do it online you can buy it through an exchange there’s a lot of exchanges out there I used to work for one called Kraken, there’s another one popular one called Coinbase in the United States so there’s a lot of different exchanges. You can go buy Bitcoin on an exchange if you don’t know what that means in exchanges where you can buy and sell Bitcoin, where essentially you take your dollars in your bank account or your Euros or your Yen and you wire that or send that to this company called an exchange. The Exchange then takes that fiat currency and allows you to buy crypto with it specifically you know of course Bitcoin I think is the one that you should be buying. When you buy Bitcoin with that you can then take your Bitcoin and you can move that outside of the exchange to your own wallet. The Exchange is basically the way in and out of crypto from the Fiat system. So in the Fiat system you got dollars Euros Yen that’s a traditional banking system, the exchanges are sort of the portals or gateways.

6. Can you name me some of the Most well-known and respected exchanges out there?

Yeah so when you look at the exchanges all across the world there’s quite a few it depends on which geography you’re in um the United you know. US and European ones are like Kraken and Coinbase I’d say that are the top two you’ve also got bit stamp as well. Internationally you’re looking more you know binance, bitfinex, these are all great exchanges they’ve all been around for a very long time. When you select an exchange you’re going to want to look at the reputation of one but make sure you know you do understand that when you interact with an exchange that these are centralized businesses and they’re not on the blockchain or anything like that. So you know if you put your if you send your money in there and they’re not reputable they could do something bad with it so you’re going to want to do your research and really understand the good exchanges in your region.

7. What should I do after I’ve bought my first Bitcoin?

All right great so you’ve bought your Bitcoin for the first time and you’re ready to move it to your own non-custodial wallet. What is the word non-custodial mean, non-custodial means a wallet that is only controlled by yourself no one else, now with that there comes a lot of responsibility and we’ll go into that a little bit but when you take your Bitcoin off of an exchange you’re taking full possession over it, which means now you hold it now, you own it. The equivalent being imagine you store your gold bars in someone else’s Vault, you’re taking those gold bars and putting it in your own vaults in your own home now that’s the equivalent of taking your money off an exchange and putting it into your own self-custodial wallet all right so you’re going to buy Bitcoin for the first time and you’ve moved some money some dollars Euros yens pounds you’ve moved those over to The Exchange you wired it in and you’re about to make your first purchase. Just know that you don’t have to buy an entire Bitcoin, a Bitcoin is the largest denomination of Bitcoin as a money you can kind of think about it being like almost like a million dollar bill or something like that so you can buy a very small amount of Bitcoin and those are called satoshi’s, but you know essentially most exchanges allow you to buy one dollars worth of bitcoin. So you can buy a fraction of a Bitcoin you don’t have to buy a whole one, a lot of people get a little freaked out by that and so yeah you can own part of a Bitcoin and you can move that part of a Bitcoin on the Bitcoin Network so it is equally as valuable as is buying a whole Bitcoin you know, buying a fraction of Bitcoin is just like buying you know just having like a quarter or a dollar or a ten dollar bill these are fractions or smaller denominations.

8. What is a wallet?

A wallet is where you hold your Bitcoin. So a wallet allows you to control and own your Bitcoin, it’s basically you could think about it as a private bank vault. In this file which is really really cool and you can have this file on a dedicated Hardware device or you can have it on your phone there’s all sorts of risks and rewards and usability issues of having them on either and so when you look at a wallet it’s really safe, for this bank vault on your phone or on a separate dedicated device.

9. Could I not just leave my Bitcoin on the exchange?

I wouldn’t recommend leaving your Bitcoin on an exchange that means you’re trusting The Exchange to behave properly and you’re trusting that they won’t be hacked and that governments won’t ask them for the Bitcoin so you’d want to eliminate that as a risk, and that’s what’s so amazing about Bitcoin as a technology it allows you to hold your own Bitcoin in your own vaults, in your own wallet where only you control it and that’s really powerful, and that’s one of the biggest reasons why Bitcoin is such an impactful technology.

10. If I make a mistake with my Bitcoin and I lose it who do I phone to get help?

Well as they say with great power comes great responsibility, with Bitcoin you are your own support staff, you 100% control your Bitcoin by yourself which means that if you forget the key to your Vault, then you can access your Bitcoin, so you’re going to want to take very careful steps not to lose the ability to access your wallet. There are a lot of safe methodological ways to take your Bitcoin and store it properly. Definitely recommend you go check those out don’t move all of your coins off of The Exchange into the wallet in one go, move a little bit get comfortable with it it’s like anything else, it’s like driving a car or handling a gun or doing your own taxes for the first time, there’s a lot of finesse with that you’re going to want to make sure you understand it, but you’ve handled more complicated things in your life, and you can definitely handle doing this so move a little bit over get comfortable with it and then move the rest over later.

11. What is the difference between a hardware wallet and a software wallet?

A software wallet is on Hardware that is used for something else for an example of that would be your phone, your phone doesn’t have a dedicated Hardware wallet built into it your phone is a is a device made for making phone calls and having other applications.

12. What is a hardware wallet?

Harbor wallet is a dedicated device where you can store your Bitcoin. So for example it looks like a little USB stick, now why is that valuable or why would people want to store their Bitcoin there a hardware wallet, and by the way a company that does this is called Ledger, a hardware wallet allows you to have Bitcoin that aren’t connected to the internet and that means that these Bitcoin are held in a separate device, and with this since they don’t access the internet it reduces the amount of risk. If your wallet is hot a hot wallet or a wallet connected to the internet that means that people can potentially hack it, because this is a dedicated device that’s Standalone. It’s much more secure and a much better way to transact and store your Bitcoin long term.

13. Can you name me some of the most popular Hardware wallets that I should check out?

So the most popular Hardware wallet out there right now is Ledger. Ledger is a company based out of France they do a phenomenal job of allowing you to hold Bitcoin in any other crypto asset in a way that’s really seamless, really easy to use. The next one up would be Trezor, Trezor is really popular as well, they’re more Bitcoin only, and then finally you have Cold Card, Cold Card is your kind of Hardcore Advanced version that allows you to do much more advanced things, I could go into details but you want to go do your research on all three and figure out which one is best for you.

14. What things should I be aware of when setting up a hardware wallet for my first time?

When you set your Hardware wallet up for the first time you’re going to go through a series of steps in order to initiate the wallet. To create the wallet there’s a very important part when you create it, where you create a pin, and the pin is like a four to six digit code that allows you to access the device and your Backup. Backup is a series of 12 to 24 words it’s very important that you store these 12 to 24 words of backup in a place, that is safe secure and not accessible to anyone else. This backup allows you to restore the wallet if you forget your PIN number and can’t get into the wallet, so there’s two things that you need to remember when you set this up, one is your pen the second is your backup the 12 to 24 words. Again I cannot stress enough that you store these in a secure way, make sure that no one else has access to them because they have access to those 12 to 24 words they could take your Bitcoin. So it’s a very very simple thing just store those two properly and you’ll be okay. But again you have to store these in a place that’s going to last a long time, I definitely recommend that you store your 12 to 24 words on titanium, there’s a lot of providers out there I personally use Crypto Tag. You can hammer it into into titanium plates that are Crush proof fireproof waterproof you don’t want any sort of event to occur where say there’s flooding in your region and that would destroy your you know if you wrote it on paper that would destroy it’s definitely stored on titanium that’s the way to hodle bitcoin long term.

15. What should I do when I want to send my first Bitcoin across to my Hardware wallet?

Well you’re going to want to make sure that you’ve written your 12 to 24 rewards down properly so that’s your backup. You’re going to want to make sure that you’ve done that in a smart way so when you move coins over you’re going to want to move like $10 or $15 over, you move it to the hardware wallet address and then you’re going to want to practice as if the hardware device has a failure. So you wipe the hardware device and then you have to restore it from those 12 to 24 words that you have stored very properly. When you do that correctly you’ll be able to resurrect the device and no Money’s been lost. If you had forgotten the 12 to 24 words or you wrote them down incorrectly then you won’t be able to recover it, but you’ve only lost 10 or 15 dollars in order to test this. This gets you comfortable with the restore scenario where you have to restore the wallet from the backup and it makes you more confident in storing Bitcoin long term.

16. How do I actually send the Bitcoin ?

sending Bitcoin is quite easy so what you do is you you know depending on the wallet type you have whether it be on your phone or be on a hardware device you’re going to want to log in or or open up the interface and then you take an address and where you want to send the Bitcoin you paste that address in to the interface and then you press send and there’s a fee associated with moving Bitcoin on chain and then you select how much you want to send how much fee you want to pay the fee determines how fast it goes and then you press send it’s quite easy and it it on the Bitcoin blockchain it moves pretty quickly so depending on uh you know what you’re trying to buy it could be a few minutes to a couple minutes.

17. How do I spend Bitcoin?

You can spend Bitcoin in tens of thousands of online and in-person stores all across the world, so online is pretty simple. You would take your dedicated Hardware device or your app on your phone or on your computer and you copy paste the address and they will create an invoice for you, so you go through the typical cart purchase and you go put items in your cart and at the end it’ll be like, do you want to pay with Bitcoin and then you take that address copy paste it in and press send super simple. In person it’s a very similar way to spend Bitcoin in person they’ll give you a QR code you scan that QR code and then you press OK in your wallet app and you send it. You can do it more complicated ways with your dedicated Hardware device but in-person transactions are usually best done with like a phone, it’s very similar to your existing payment experience like with a credit card or Apple pay.

18. What is the lightning Network?

So once you’ve bought some Bitcoin and you’ve moved it to your own wallet, there’s something you can interact with on the Bitcoin protocol called Lightning. Lightning allows you to move your Bitcoin in a cheaper and faster way than normal so you can kind of think about it as two different types of Railways Bitcoin on layer, one allows you to move Bitcoin directly in the Bitcoin Network, Layer Two is like another Railway that operates a little bit differently and that’s what Lightning is, with Lightning it allows you to make payments that are instantaneous and with much lower fees than on the other railway or the Bitcoin layer one. This is important as you become a bitcoiner over time, and you want to transact more often it’ll save you money on fees and be much more seamless in person for in-person transactions.

19. What is a Bitcoin node?

So I’m going to dive into some really technical topics here, don’t want to freak you out but you’re going to need to understand this. This is definitely a little bit more of the advanced mode but something that a good bitcoiner should go do because you’re going to want to have full sovereignty over your money, and your ability to connect to the Bitcoin Network. A full node is basically software that you run that allows you to directly connect to the Bitcoin Network, so when you have a wallet that wallet can either go through another company’s servers to send a transaction and then they set that transaction on the Bitcoin blockchain, or with a node you connect directly connecting directly to the Bitcoin blockchain increases your privacy it increases your ability to access the Bitcoin Network while your coins are safe on a hardware device or in a wallet they may not be able to access the network directly. With a full node it allows you to access Bitcoin directly it’s pretty easy to set up, you go download it on your desktop computer or on a dedicated Hardware device. There are dedicated Hardware nodes it’s a bit more it’s a bit a pretty big file size so you probably don’t want to store this on a mobile phone but with that you increase your privacy and you increase your ability to you know you have the ability to directly connect the Bitcoin Network. So it’s the ultimate expression of being a bitcoiner because you require no other third parties no other trusted folks inorder to connect to bitcoin and send and receive it directly.

20. What are some of the most common scams and how do I avoid them?

That’s a great question, the crypto industry is full of scams and there’s a lot of ways you can lose money. First and foremost use exchanges that are reputable don’t use an exchange that has you know if you Google it there’s not a lot of information about it. You’re going to want to use exchanges that everyone else uses simply put, if you wire your money there or you send your money there to go buy Bitcoin and they you know you want you want them to control that the fiat currency in a respectable you know non-fraudulent way, when you move your Bitcoin on chain you’re going to want to make sure you don’t send it to any sort of service or provider that isn’t reputable, so for example don’t buy a hardware wallet that isn’t well known there could be an exploit or unknown flaw also don’t put you know send your Bitcoin to investment schemes. If someone claims they can double your money in two days they’re not going to be able to do that, that’s definitely a scam if a famous person messages you and asks for Bitcoin that they’re not your friend, that’s an imposter account there’s a lot of these versions where if you ever think that something might be suspicious take a deep breath and think about it, there’s also for example SMS schemes where you might get an SMS message that says hey your wallet account is being hacked we need you to access it right now just know when you’ve stored it in a hardware wallet which is the safest place to store it, it is extremely safe and that you do not need to worry about these things so when you receive these messages they’re trying to get you to access the device. When this happens take a deep breath calm and collect it call your more technical buddy or go research online before you do anything drastic. The worst thing you can do is behave with a lot of emotion, go out and make a rash decision. Another thing is not entering your backup your 12 to 24 words, never enter those on in any other computer or any other device unless it’s a dedicated Hardware device that is well known so for example if you receive a text or you receive an email that says hey you need to log into your your Ledger or Trezor or your wallet button you need to enter these words, that’s a scam, they’re trying to get you to use your backup and give them your backup which will give them full access to your coins. So do not put those 12 to 24 words in anywhere unless it’s on a dedicated Hardware device or it’s in a very reputable application that is a very popular wallet.

21. Now I’ve got my Bitcoin, I’m a bitcoiner what do I do now?

Well congratulations you’ve taken a lot you’ve jumped through a lot of Hoops to get here. You’ve Won. Read about Bitcoin, you’ve heard about it you made the decision to buy it you’ve put it into your own wallet and now you’re storing it. What’s great is it’s kind of like gold you can store gold in your Vault and there’s not a lot of Maintenance you have to do so either you kind of store it there and you just forget about it, which is which is awesome you can do that you can become more involved in the community which means you can participate on Twitter and all the different social channels and at nostr, and get more plugged in you can go to meetups or conferences, I think these are really fun ways to better understand your investment and develop stronger conviction over time, and then finally you know if you want to spend it if you want to work on the space you know one is you can go spend it and tens of thousands of merchants all across uh you know online and in person that’s great or if you want to work in this space there’s a lot of job boards where you can come join Bitcoin companies people are looking for great talent across many different roles from sales recruiting engineering uh you know design. So if you really really care about the space and you really want to dive in deeper there’s a ton of rules out there for you and I definitely welcome you to the industry.

22. Could you recommend some good books if I want to read more about Bitcoin?

Yeah there’s a lot of books out there just depends on kind of what you’re looking for, I think to start off with in a very simple one to read is the ‘Bullish Case for Bitcoin’ by Vijay Boyapati, I think it very succinctly lays out why bitcoin’s important and why you should believe in it. From there there’s a bunch of other ones ‘Layered Money’ by uh Nick Bhatia is awesome you’ve also got the classic the Bitcoin Standard by Safidine and other books too but those those are some of the top ones out there. If also if you want to start your journey to better understand you know bitcoin’s origin uh I definitely recommend you read my series called Planting Bitcoin, Bitcoin’s origin story.

23. Can you recommend some other podcasts that are worth listening to?

You’ve got Tales from the Crypt with Marty Bent and Matt Odell. That’s a classic one that’s kind of more intense hardcore Bitcoin, uh you’ve also got the Stefan Lavera show Stefan does a great job of exploring different Bitcoin topics uh and then finally also Preston Pisch the investors podcast, Preston does a great job of summarizing kind of the macro picture in from an Investor’s perspective.

24. Can you recommend some great people to follow on Twitter regarding Bitcoin?

Twitter is where a lot of the great minds think and tweet out different thoughts on how Bitcoin works. I would definitely recommend you watch and listen to Lynn Alden. Lynn Alden is a great thought leader in the space you’ve also got Nick Carter I think he’s really sharp as well also following Alex Gladstien’s with the human rights Foundation he’s a phenomenal follow he talks about how Bitcoin is helping improve lives all across the world, and then Brandon Quitum is a really great thought leader he’s got some great pieces on how Bitcoin resembles plants and other sort of easy to understand analogies and by following these folks you’re going to understand kind of who else to follow as well they interact with a lot of other big accounts, so this is a great starting point on your journey of understanding more about Bitcoin.

25. What does it take to be a good bitcoiner?

A good bitcoiner stores or Bitcoin properly in a way that’s uh in a way that they fully control so that’s a hardware wallet that’s a dedicated device where no one else can access it so you stored it in a way that gives you total freedom over your money that’s first and foremost the most important part of Bitcoin other good bitcoiners would probably run a full node full node allows you to access the Bitcoin Network directly without having to interact with anyone else so you can connect your Hardware wallet to a full node and then you know I think if you want to get fully down this rabbit hole if you want to be orange pilled so orange pilled is where someone really understands Bitcoin and really gets it and it becomes part of their lifestyle if you want to have this be part of your lifestyle and you want to tell more people about Bitcoin become involved in the community understand more intimately how Bitcoin works and then go tell your family and friends about it.

26. Was Bitcoin important to you Dan?

bitcoin’s important to me because it allows people to be truly financially free what do I mean by that financially free is having a money that isn’t controlled by a government in terms of censorship ownership or them controlling the money supply all three of those give you full Freedom so I don’t have to trust these old bureaucrats in Washington or at the FED who might change the monetary policy or they might go print another trillion dollars or they might bail out a bank or they might go censor me because I believe an XYZ thing with Bitcoin we’re finally free we’re finally free with our money to do whatever we’d like with it and I can take that money and I can go anywhere I’d like so if a government becomes onerous and they start to crack down on transactions or crack down on different types of races religions Etc you can take your money and you can leave and that ability that freedom is truly what it means to be a human is truly to be financially free.

27. I’m scared of Bitcoin volatility how do I deal with that?

So Bitcoin like any new emerging technology or asset has a lot of volatility what does volatility mean it means the price goes up and down in a more dramatic fashion than other types of assets uh Bitcoin being adopted as a global money wasn’t going to happen in a nice linear fashion it was going to happen in Ebbs and flows and that’s where we have Bull and Bear markets so bitcoin’s volatility is really tricky because when you buy Bitcoin and it drops you get a sick feeling in your stomach or like maybe I’ve made a mistake or it goes up and you sell immediately because you’ve doubled your money like Bitcoin like any other investment you want to in and go in with an investment thesis so make sure you understand why Bitcoin has an asset make sense don’t buy it because your buddy bought it and you just want to write it buy it because you understand it’s its properties and buy it because you see it as an alternative to a global money and that this with this money gives you true Freedom if you actually believe then you understand Bitcoin then you won’t be phased as much with the volatility when the price goes up you’re like you know in your heart you go wait a second I shouldn’t sell right away because I expect Bitcoin to become a global money in five or ten years and right now the price is much lower than what that should be and seeing when it drops when it drops you’re like you don’t panic immediately and want to go sell so have a strong conviction and build that conviction through education and then that will help you write out the volatility.

28. What’s the toughest lesson you’ve had to learn as a bitcoiner?

Well you know I wasn’t a perfect hodler in the beginning I day traded poorly um I went with my emotions I bought High sold low um I traded some other alts I traded Litecoin I’m not a good Trader so my my number one lesson is don’t go day trader I’m very bad at it and by the way I’ve been in the space 10 years I’m still not good at it so for me buying and hodling is the only way to truly uh we’re right out the cycles and reduce your amount of risk you don’t want to be you don’t want to trade this asset it’s extremely volatile this is something you want to enter in with with conviction buy and hold it for five to ten years.

29. What do you know now that you wish you knew when you first discovered Bitcoin?

I would have looked at bitcoin’s total market capitalization, how much is Bitcoin worth if you take all the Bitcoin and multiply it by the price per Bitcoin the price per Bitcoin is somewhat irrelevant what matters is the total market capitalization or value of all the Bitcoin in the world when you look at that it’s really easy to see the opportunity. Bitcoin is smaller than Apple or Google but is Bitcoin more impactful than both of those companies? absolutely when you zoom out and see the valuation of in the market capitalization of Bitcoin versus other assets you see how big this opportunity is and it makes it much easier to ride out the waves. if you look at the price per Bitcoin a Bitcoin can seem expensive but I’ve seen Bitcoin at a hundred dollars and I thought that was expensive and I saw it at a thousand dollars and I thought that was expensive now it’s at twenty two thousand dollars so if you zoom out and you look at the bigger picture I don’t know if I had looked at Bitcoin more from that perspective back in 2011-2012 I would have easily seen how big and massive this opportunity was instead I looked at the price per Bitcoin and that made me feel a little bit more embarrassed than I should have been.

30. Do you have any final parting comments for our new bitcoiners?

well it might seem a little overwhelming right now you’ve heard a bunch of terms you don’t understand but you know Bitcoin as John Oliver puts it as everything you don’t understand about money with everything you don’t understand about computers so I get where you’re feeling I’ve been there before, the best first thing to do is take the first step of learning more and then buying a little bit and just understanding that experience. Like with anything else in life like learning how to ride a bike or drive a car it takes practice and it takes understanding the device understanding the technology to really access it and get the full value from it. So take the baby steps I know it’s scary but we all take our first step someday and this is your first time to take a first step with Bitcoin.