An Idiot’s Guide to Bitcoin (Part 1)

by Greg Guenthner
Daily Reckoning

It’s one of the most frequent critiques lobbed my way on social media, email, and even delivered in person via scathing, spittle-soaked tirades…

You’re wrong about crypto!

Yes, I am wrong. In fact, I’ve ignored crypto for years – so I’ve been wrong. The only positive aspect of my crypto-indifference is the consistency. Even when bitcoin was mooning, I remained skeptical.

Full disclosure: I’ve never made a dime directly from crypto, though I’ve successfully traded many crypto-adjacent stocks. My only actual crypto buying experience came in 2021 when the market was going absolutely bonkers. I opened a Coinbase account and bought an insignificant amount of Bitcoin, Ethereum, and a few alt-coins.

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