Best products from r/BitcoinBeginners
We found 65 comments on r/BitcoinBeginners discussing the most recommended products. We ran sentiment analysis on each of these comments to determine how redditors feel about different products. We found 44 products and ranked them based on the amount of positive reactions they received. Here are the top 20.
1. The Bitcoin Standard: The Decentralized Alternative to Central Banking
- Hash Rate: 4.73 TH/s ±5%
- Power Consumption: 1293W ±10%
- Power Efficiency: 0.25 W/GH ±10%
- Built-in web interface for easy setup and configuration
- Power supply not included, APW3++ recommended.
Features:
2. Vector Number & Capital Letter Punch Set 36 Pc (6mm 1/4"): 09098
* A Well Made, Durable Set Of Stamps* Compact size box, won't take up a lot of space* Perfect for personalizing jewelry and other items* Professional quality, Chrome Vanadium SteelONE YEAR NO HASSLE WARRANTY
3. Cryptoasset Inheritance Planning: a simple guide for owners
- Electric Motors and Drives is intended for non-specialist users of electric motors and drives, filling the gap between maths- and theory-based academic textbooks and the more prosaic 'handbooks', which provide useful detail but little opportunity for the development of real insight and understanding. The book explores all of the widely-used modern types of motor and drive, including conventional and brushless D.C., induction motors and servo drives, providing readers with the knowledge to select
- The third edition includes additional diagrams and worked examples throughout. New topics include digital interfacing and control of drives, direct torque control of induction motors and current-fed operation in DC drives. The material on brushless servomotors has also been expanded.
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5. Mastering Bitcoin: Programming the Open Blockchain
- Brand New in box. The product ships with all relevant accessories
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7. Trezor One - Cryptocurrency Hardware Wallet - The Most Trusted Cold Storage for Bitcoin, Ethereum, ERC20 and Many More (Black)
SECURELY PROTECTS against hackers, viruses, keyloggers, and more. Simple backup that restores all device content in case of loss or theft. Super easy to use with a simple 3-step setup. Works for cold storage and, thanks to its mobile connectivity, as a hot wallet for whenever you need instant access...
8. The Internet of Money: A collection of talks by Andreas M. Antonopoulos
- Right Hand Hand Orientation
- Connectivity - USB&PS2
- Optical tracking system
- Ergonomic design
- Bulk/Retail - Retail
- Connectivity - USB&PS2
- Color - N/A
- Connectivity - USB&PS2
- Connectivity - USB&PS2
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10. KeepKey - The Simple Cryptocurrency Hardware Wallet
- Bank-Grade Security that is Simple: KeepKey is the most secure bitcoin wallet available. It makes best-practice bitcoin security easy so that even your grandmother can protect her bitcoin wealth.
- Backup and Recovery: During initialization, you are given the one-time opportunity to write down a backup of your KeepKey in the form of a twelve-word recovery sentence. If your KeepKey is lost or stolen, you can safely recover your device and its bitcoins without compromising the security of your private keys.
- Virus and Malware Proof: Because KeepKey does not have an operating system, the layers that viruses, malware, and key loggers infect do not exist on the device. Using KeepKey gives you confidence that hackers can't get to your bitcoins.
- Multi-Currency Support: KeepKey not only supports Bitcoin, but also Ethereum, Litecoin, Namecoin, Dogecoin, Dash, and Testnet.
- Works on PC, Mac, Linux, and Android: KeepKey is a USB HID-class device. That means, like a typical mouse or keyboard, drivers are not required. Plug in the provided premium USB cable, and your device just works: immediately giving you the highest level of bitcoin security.
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11. American Educational Stamped Steel Support Ring Stand with Acid Resistant Finish, 11" Length x 6" Width Base Size
Strong and dependable supportMade of stamped steelCoated with an acid resistant finishThe rods are nickel plated steel and are threaded to fit the baseBase: 11" length by 6" width; rod: 1/2" diameter by 36" length
12. OESS Lab Clamp 3 Prong Finger Style Rubber-Coated Head with A Black Laboratory Stand Clip
Sold as 1 pcs 3 finger lab clamp and 1 pcs black lab stand clip3 finger clamp accepts rods up to 20 mmMaximum width of Jaw opening is 90mmStrong die-cast constructionCovered jaws for protection and grip
13. The Trend Following Bible: How Professional Traders Compound Wealth and Manage Risk (Wiley Trading)
14. The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies (Wiley Trading Book 547)
15. Safe Seed Laser Etched Copper Plate 24 Word Recovery Passphrase Metal Stamp Plate Cold Storage Ethereum Bitcoin Monero Litecoin Ledger Trezor KeepKey CryptoCurrency
- HEAVY DUTY COPPER PLATES, EASY TO STAMP OR ENGRAVE
- COMPATIBLE WITH ALL HARDWARE WALLETS (LEDGER, TREZOR, KEEPKEY) AND ALL SOFTWARE WALLETS
- HEAVY DUTY COPPER PLATES, EASY TO STAMP!
- MELTING POINT ~2000°F YOU CAN BE SURE YOUR SEED IS SAFE
- SECURE YOUR CRYPTO TODAY WITH SAFE SEED!
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17. PandaHall Elite 36 Pcs Letter and Number Metal Stamp Set, 5/32 inch 4mm Alphabet A-Z and Number 0-9 and Symbol, Iron Uppercase Stamps Punch Press Tool for Imprinting on Metal Jewelry Leather Wood
❤36 Pieces Stamp Set -- Characters are about 5/32 inch (4mm) height. Stamps are about 0.24 inch(6mm) wide, 2.4 inches(60mm) long. Totally 36 Pieces. Unique and timeless tool for your projects and crafts.❤Package Includes -- 26 Uppercase Letters A-Z, Number 0-9 and Symbol "&". Also includes top o...
18. Scotch LS851G Self-Sealing Laminating Pouches, 9.5 mil, 2 7/16 x 3 7/8, Business Card Size (Pack of 25)
Business Card sizeNo machine NeededProtect items from damage. Clear professional finish. Photo safe.Great for business cards, library cards, insurance cards, and more
19. Wooden Puzzle Boxes Toy 2 Pack Brain Teasers Secret Opening Magic Drawers with Hidden Compartments for Gift, Money, Jewelry or Other Surprises Holder
Material: made of high-quality wood with environmentally friendly and non-toxic paints material, smooth surface.Two wooden puzzle boxes may look simple, but it contains lots of mysteries, each one is unique, a lot of fun to play with.Great gifts for people who love brain teasers and puzzles.Perfect ...
20. Secret Lock Box Wood Puzzle Box - Put a Gift Card or Money Inside
- Puzzle Box With Secret Compartment - Solve the puzzles to unlock the hidden compartment of this wood puzzle box
- Gift Card Puzzle Box - Plenty of space to fit a gift card, jewelry, or small trinkets inside the puzzle box
- 5 1/8" x 3' x 3" on outside. Inside (max size of item that will fit) is 3 3/8"x 2 1/8" x 2 1/8"
- Money Puzzle Gift Boxes For Adults Difficult - A great gift for teens and adults who enjoy wooden puzzle boxes
- Quality Hardwood Construction - The Secret Lock Box is made from high quality raintree wood and made to last a life time
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>\> happens to the price of Bitcoin when the supply caps at 21million?
This occurs in 2140 so shouldn't be much of a concern outside of a speculative hypothetical , but removing all monetary inflation for a product in demand means that bitcoin will likely keep appreciating in value.
>How is value determined outside speculation when it's not tied to anything tangible.
Supply and demand is what determines the price for all goods and services irrespective if its digital or physical(tangible). Bitcoin has intrinsic value as well, much akin to twitter and the internet having intrinsic value. Bitcoin is a very useful tool that allows people to exchange value for high risk transactions. There is a circular economy and inelastic demand of users for bitcoin that give it value. States indirectly subsidize this value in bitcoin and will continue to as long as laws and regulations exist.
>\> Also, a gallon of milk could cost 1btc or .0001btc
https://en.bitcoin.it/wiki/Units
more likely referred to as "2 bits" in the future
>\> you can fragment a bitcoin as small as you want? So does a supply cap even matter?
Yes , sub satoshis already exist on the lightning network for microtransactions . This is not a form of inflation but further decimalization ... I.E... instead of 1 usd =100 cents , 1USD = 1,000,000 units of 1/1,000,000 a usd= 1usd without adding anything to the monetary supply. Adding more bitcoins into circulation is inflation lowering the value of everyones BTC , further dividing the unit decimalization does not have this effect.
These articles will better help you understand the economics and value of bitcoin -
https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947
https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5
or better yet get her this book :
https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
If you're planning on investing, definitely get a hardware wallet. Yes, they cost money but it's worth it for the security. Trezor seems to be the best hardware wallet that I've found and it's currently $78 on Amazon (which is a pretty good deal). The other popular hardware wallets include the KeepKey (Amazon link) and Ledger Nano S (Amazon link). Check out /r/TREZOR to learn more about the Trezor wallet.
I would suggest training for a week Karate Kid style. Grab some chopsticks and practice catching flies, although you can also attempt to catch mosquitoes or lightning bugs. Avoid worms, you won't get much benefit from training with them. Do some pushups too for upper body strength and increased bloodflow. Finally practice snapping for a few hours daily with all digits on both hands to increase your dexterity.
If you don't want to do that method then I suggest you code an app that allows you to have two other apps open on your phone side by side. This way you can skip steps 1, 2. If you can't code fly to India and start interviewing potentials coders.
If that doesn't work then you're simply SOL. There is no known solution to this issue unfortunately. It's just how ETH was coded.
Which leaves us with my final suggestion. Sell your ETH since they're only good for smart contracts and will never be money, and buy bitcoins, which are recognized as money except by the "dumb money", whom were mislead to believe that ETH is going to make them wealthy as bitcoin2.0 chuckle. Then log onto Gemini thru a COMPUTER while you have your Authy app open on your phone. Be sure the computer, yourself, and your phone are all co-located in the same room, preferably within 1 ft of each other. Unless you type with one finger you will have enough time to enter the code as you wont need to bother switching between apps. To ensure success, hold your phone just above the number pad so you don't have to look more than a few degrees away from your typing fingers. I would suggest you buy both of these so that you have both hands free;
https://www.amazon.com/OESS-Clamp-Finger-Rubber-Coated-Laboratory/dp/B071D38HSY/ref=sr_1_13?s=industrial&ie=UTF8&qid=1499463429&sr=1-13&keywords=stand
https://www.amazon.com/American-Educational-Stamped-Support-Resistant/dp/B00657VUQK/ref=sr_1_11?s=industrial&ie=UTF8&qid=1499463429&sr=1-11&keywords=stand
Good luck, Grasshopper!!
PS. You may also wish to ask this question in an ETH forum although they'll probably just tell you to buy more ETH which is really bad advice.
For general understanding of TA, my favorite it The art and science of technical analysis by Adam Grimes for both simplicity and completeness
To understand the importance of trend, the indispensable book is The trend following bible by A. Abraham (some people get disappointed by the fact that it does not go very deep in presenting the actual trading strategies, but the importance of the whole trend following concept cannot be overstated).
For understanding of trading, the required mindset, market psychology, and everything that comes along with the territory, the two books are most often listed, and the definite part of trader's must read list:
Market wizards, by James D. Schwager,
and The reminiscences of a stock operator, by E. Lefevre
Also check all the online resources on Intraday flow trading you can get your hands on.
Hope you guys get successful and have fun in the process.
Online resources are great - but I'd also advise a good book.
A good book will contain accurate, well-researched, information and is easier to learn from than the, sometimes conflicting, online information.
Mastering Bitcoin by Andreas Antonopoulos comes highly recommended.
https://www.amazon.co.uk/Mastering-Bitcoin-2e-Andreas-Antonopoulos/dp/1491954388/ref=pd_sim_14_3?_encoding=UTF8&psc=1&refRID=0HP80T1Q51BYJ4PT1182
I really like Andreas antonopoulos’ The Internet of Money Series. I support him on patreon too and have learned a ton there. https://www.patreon.com/aantonop
Jimmy Song’s programming bitcoin just came out and is good!
I also used Pamela Morgan’s cryptoasset inheritance planning to make sure my crypto is secure and my family will get it if something happens to me.
I got myself a cheap laminator and a pack of credit card sized laminate sleeves. I print my bitaddress.org paper wallets (LiveCD, of course), cut them out and then tri-fold them to cover the private key. Then run them through the laminator for a nice, clean paper wallet. You can still shine a light through them to reveal the private key, but I've been considering some holographic foil to help prevent that. For 85 BTC, I'd be using BIP38 encryption, and printing out / laminating 2 or 3 copies each, and storing one set of copies in a safe deposit box.
There's also self-adhesive laminate sleeves: http://www.amazon.com/Scotch-Self-Sealing-Laminating-LS851G-Business/dp/B00004TS5X/ref=sr_1_1?ie=UTF8&qid=1398517602&sr=8-1&keywords=credit+card+laminate
Read Andreas Antonopoulos - https://www.amazon.com/gp/product/1537000454/ref=dbs_a_def_rwt_bibl_vppi_i2
I got the audiobook so I treat it like a podcast. Really interesting the way he describes other game changing technologies in history (automobiles, mobile phones, etc) and the adoption of each. Most had significant challenges like crypto does today.
If technically-minded, there are two topics that if you mastered them would put you among the most educated Bitcoin users:
There are many scholarly resources regarding (2). No so much (1), but you can find good leads in the footnotes to the Bitcoin white paper.
If socially-minded, how about the role that financial privacy or trust plays in modern society and what Bitcoin's role is likely to be? This essay is packed with resources: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=998565
If financially-minded, you might think about whether restricive money supply policies help or hurt the poor (or some group you might care about). There's a lot of academic research on that. Bitcoin offers a laboratory to test these ideas, and a lot has been written about this as well.
For example, a new book is:
https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
A few days ago, I bought a Trezor hardware wallet. It's pretty cool, and does give you a sense of security. It costs about $100 U.S. on Amazon.com. Another recommended wallet which I haven't used is Ledger Nano S. I went with the Trezor considering it was less expensive, and has been around for a longer time. Hardware wallets are probably recommended for people storing higher amounts of currency. I'm just getting started, but I bought one just to try to lay a good foundation and understanding of crypto currencies in general.
There are two reference books imo, although both probably not what you're looking for (one is very technical, the other one is focused on economics):
The economics one: https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
The technical one (it's free and open source): https://github.com/bitcoinbook/bitcoinbook
(or as pdf, also available in different languages: https://bitcoinbook.info/translations-of-mastering-bitcoin/)
I always throw out Blockchain for Dummies by Tiana Laurence (of Factom) as a good place to start for non-techies.
Amazon link
Wiley publishing link
Coindesk has a good section called Blockchain 101
A very good book about cryptocurrency inheritance with step to step guide from Pamela is https://www.amazon.com/Cryptoasset-Inheritance-Planning-Simple-Owners/dp/1947910116
Yeah man. I would suggest reading this book. It will give you a firm philosophical foundation with which to evaluate money instruments.
https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
If you DM me an email address, I will buy you the Kindle version.
People have chosen strange things for money, but it makes sense when you know about money. Here are a few things.
Money is technology, and it always has been.
The market chooses money.
The stock and flow of money determines it's price volatility. This is why gold is more sound than silver. It's why bitcoin is more sound than any altcoin.
No matter what people "choose" as money, they cannot escape the consequences of holding less sound money.
Society will eventually coalesce around one form of money. Mono money. The laggards will have the purchasing power of their money sucked away by the more sound money.
Good luck
Try the Bitcoin Standard https://www.amazon.co.uk/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/1537000454/ref=sr_1_1?ie=UTF8&qid=1510449981&sr=8-1&keywords=Andreas+Antonopolous&dpID=41CfYESJZGL&preST=_SY291_BO1,204,203,200_QL40_&dpSrc=srch
For introductory videos, many featuring Andeas Antonopolous: https://www.youtube.com/playlist?list=PLDto3IHr_v57h3FFYlLN3-3_J9H8lMFaH