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Mindblown: a blog about philosophy.

  • Should You Buy NFTs?

     the previous lessons, you’ve learned what an NFT is, a very brief history about them, and how they’re used. This brings us to the million-dollar (or is it billion-dollar?) question: Should you buy NFTs? The short answer is: It depends on whether you see value in it or not. Now the concept of value, of course, is…

  • A Very Brief History of NFTs

    How did NFTs come into existence and who started it all? Well, it depends on who you ask. Some trace its beginnings to Colored Coins way back in 2012, even before the term NFT was – well – coined. Colored Coins represented small denominations of bitcoin, with the goal of adding metadata to transactions. However, this turned…

  • What Are NFTs Used For?

    A unique and programmable token that can irrefutably establish digital ownership? ERRBODY got time fo dat! NFTs’ popularity may have started with animal illustrations and pixelated avatars but users quickly found other popular use cases. Art By tokenizing an art product on a blockchain, artists can “sign” their work to prove that they own it.…

  • What Are Characteristics of NFTs?

    In the previous lesson, you learned what an NFT is That NFTs, by definition, are NOT identical nor interchangeable with anything else. In other words, one of the defining characteristics of NFTs is that they are unique. What do I mean by unique? For example, there is only one Mona Lisa.  There may be several replicas and…

  • What Are NFTs?

    In the dark old days before blockchain technology existed, it was hard for people to verify the authenticity of any unique asset they own without the help of an intermediary or trusted third party. Physical assets like ID cards and concert tickets could be forged, while goods like luxury bags and olive oil seem to be counterfeited on a…

  • Putting it All Together: A Crypto Trade Example

    In the previous lessons, you learned the different steps of how to build a crypto trading strategy as a discretionary trader. You learned: Let’s take all these separate pieces and see how they work as a whole. I’m going to put it all together with a simple example of a crypto trade using our fictional cryptocurrency from…

  • What is a Crypto Trading Journal and Why You Need It

    Let’s review what you’ve learned so far from previous lessons about creating a crypto trading strategy. You learned: The last required task for our discretionary trading process is keeping a trade journal.  What is a crypto trading journal? A trading journal is a log that you use to record your trades. It tracks your trading performance…

  • 3 Key Concepts of Risk Management Every New Crypto Trader Should Know

    In previous lessons from this “Beginner’s Guide to Trading Crypto“, you’ve learned how to use fundamental analysis to generate trade ideas, then you learned how to use technical analysis and price action to find a potential entry price for a trade. There’s one more step needed before opening an actual position and exposing your capital to risk…

  • How to Use Technical Analysis When Trading Crypto

    In the previous lesson, I discussed how to use fundamental analysis to understand specific cryptocurrencies you’re interested in, develop a directional bias (“bullish” or “bearish”), and then determine if any look like potential trade ideas (go “long” or “short”). Once you’ve got your directional bias based on fundamental analysis, it’s now time to determine potential entry prices (“entries”) for your trade, as well as exit prices (“exits”)…

  • How to Use Fundamental Analysis to Generate Crypto Trade Ideas

    As mentioned in an earlier lesson, one of the key trading principles is to “Know the market you’re trading.” And knowing the market you’re trading in requires fundamental analysis (FA). Fundamental analysis is especially important in the crypto market because crypto and blockchain technology is still nascent. Not keeping up with what’s going on in the crypto…

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