Mindblown: a blog about philosophy.
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How to Build Your Own Crypto Trading Strategy
For those brand new to trading, I’ll share a simple process for building a trading strategy that includes how to analyze the market, generate trade ideas, and make low-risk directional bets (” trades”) using the principles you just learned in the previous lesson. This is NOT to be taken strictly as THE process to use, but more of as…
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Trading Principles to Keep in Mind as a Crypto Trader
If you’re new to crypto, in order to get off on the right foot as you start your trading journey, it’s important to learn and internalize some important trading principles. There are probably a gazillion principles and “rules” to know for successful trading, each with its own nuances, but since this is a lesson for…
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Introduction to Cryptocurrency Trading
Are you ready to begin your journey into the art of trading crypto? The world of crypto trading is massive in terms of what to learn and how to actually trade. It’s a great example of the famous saying, “There are a million ways to skin a cat.” Obviously, I’m not really a fan of…
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What Factors Influence ether’s Price?
What factors affect ETH’s price? Ultimately, ether’s price boils down to supply and demand. So what factors influence ETH’s supply and demand? Great question! Ether’s supply and demand are affected by multiple factors including specific factors particular to Ethereum itself and more general factors ranging from the crypto market to overall global financial market conditions. In this lesson, I share…
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Why Does ETH Have Value?
In the previous lesson, I covered what ether is and how it’s used in Ethereum. You learned that ether is used to pay for the computational resources and the transaction fees for any transaction executed on the Ethereum network. The next question is: Why does ether (ETH) have value? Utility As with most assets, value is often…
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What is ether (ETH)?
What is ether? Ether (ETH) is the built-in currency used in the Ethereum network. Like bitcoin (BTC), it can be seen as a digital asset used to store and/or transfer value on the blockchain. But ether’s main use case is to facilitate the computation of smart contracts and decentralized applications (dApps) on the Ethereum network. Anyone looking to build software on…
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What is a Decentralized Application (dApp)?
As I mentioned in the previous lesson about smart contracts, Ethereum is a computing platform that allows you to create and run smart contracts. A smart contract is a pre-programmed piece of software code (“computer program”) where once specified conditions are met, the code is automatically executed. Most developers who create smart contracts are actually doing…
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What is a Smart Contract?
Ethereum is known as a “smart contract platform“. A platform (or computing platform) is an operating environment in which a piece of software, like programs or applications, can be run (or “executed”). But what the heck is a smart contract? What is a Smart Contract? Smart contracts are automated computer programs that are hosted and executed on a…
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Who Created Ethereum?
Who created Ethereum? The answer is complicated but the simple answer is a bunch of folks. The “idea” of Ethereum originated from then 19-year-old Vitalik Buterin, computer programmer and co-founder of Bitcoin Magazine who REALLLY wanted more use cases for blockchain technology than supporting cryptocurrencies. So, in November 2013 Buterin leveled up his “Ultimate Scripting” project…
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What is Ethereum?
If “Ethereum” sounds like a sci-fi concept to you, that’s because it kinda is. The name Ethereum originated from “ether,” which was a hypothetical term for an invisible medium that fills all space and carries and distributes light. Ether doesn’t really exist, but the founder liked the cool name AND the idea of an underlying…
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