Easing into Crypto

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Cryptocurrency is about a lot more than just making money. We'll get there in later episodes, but first, I want to help you understand how crypto actually works (including how it will transform society, promote social justice, lead to brand new forms of art and creativity, form the foundation of futuristic online worlds, and protect personal autonomy).

You might be wondering:
- Did El Salvador really make Bitcoin an official currency you can pay taxes with? Yes.
- Did an NFT (i.e., a piece of art that lives inside cryptocurrency) really sell for $69 million? Yes.
- Is Bitcoin actually useful for anything, or is it just creating a lot of needless pollution? Yes.

There's a lot to unpack here, and most educational resources I've come across are either way too simplistic or way too advanced.

I'll start at the very beginning and gently guide you through all the concepts you need to understand to feel comfortable with cryptocurrency. There's so much potential here, but I want to do what I can to protect you from getting scammed or making costly mistakes.

I certainly won't claim to be an expert, but I've spent many hundreds of hours studying all this, and I'm continuing to learn and make mistakes every day.

I recommend starting with episode 0 and going through the series in numerical order from there—there are a lot of concepts to learn, and each episode builds on the previous ones.

My goal with this podcast is to get you excited about what's possible here, and then to help you out by sharing what I wish I'd known back when I got started.

This is for you whether you're brand new to crypto (maybe even brand new to investing in general), a seasoned investor wanting to dive deep for potentially huge returns, or a non-techie passionate about social justice, personal freedom, or moving toward a utopian future for humanity.

Visit the podcast's website to see all the episodes laid out in order and broken down into four mini-series: https://www.easingintocrypto.com

Here’s a map of the episodes:
- 0-1: Why crypto is important, and why you might consider listening to me
- 2-6: How blockchains and crypto work, focusing on Bitcoin
- 7-8: How Ethereum works
- 9-11: NFT’s (non-fungible tokens), which are more than just expensive pictures
- 12: DAO’s (decentralized autonomous organizations), the crypto version of corporations
- 13-15: DeFi (decentralized finance), how crypto is reinventing finance
- 16-18: Preparing to invest in crypto
- 19-21: All the major categories of investment opportunity, including my list of coins and tokens
- 22-23: Wrapping up investing

Thanks for reading and listening,
Michael Caloz
crypto@michaelcaloz.com

00:35:05

Easing into Crypto Episode 24: Holding coins vs. yield farming, where my $ is now, big StrongBlock news, future of crypto Episode 24: Holding coins vs. yield farm...
Warning: If you're new to this podcast and jumped straight to this episode, I suggest you instead start at the beginning. I know that learning the secrets of investing and making money in crypto sounds appealing, but this episode relies on a lot of concepts I've been slowly explaining in a very intentional order across the previous 23 episodes. This is complex stuff, and I think you'll be best served by listening to everything.

- Updates on OlympusDAO & Tomb Finance, and some big news about StrongBlock's new Litepaper and 2022 roadmap (along with my bullish and bearish arguments for investing in StrongBlock)
- An update on the specific places I'm putting my money right now (focusing on non-high-risk liquidity staking involving stablecoins)
- To what extent should you just hold “large cap, blue chip” cryptocurrencies like ETH, BTC, SOL, etc., versus hold other coins & tokens, versus stake in APY-generating opportunities like yield farming?
- Three possible perspectives on the future of crypto, and how high ETH might eventually go from here

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The corresponding blog post with links and images:

https://www.michaelcaloz.com/2022/03/03/easing-into-crypto-part-24-holding-coins-tokens-vs-yield-farming-where-im-putting-my-money-now-and-big-news-on-strongblock/

00:29:26

Easing into Crypto Episode 23: How to invest based on how much $ you have (plus, the market dip, where my $ is, and more) Episode 23: How to invest based on how m...
Warning: If you're new to this podcast and jumped straight to this episode, I suggest you instead start at the beginning. I know that learning the secrets of investing and making money in crypto sounds appealing, but this episode relies on a lot of concepts I've been slowly explaining in a very intentional order across the previous 22 episodes. This is complex stuff, and I think you'll be best served by listening to everything.

- Whether or not you should be worried about the market dropping, and if this has happened before
- Where my money is, my todo list for what I'll probably be doing next, and a list of my total returns over the past year
- How to invest based on how much money you have, and how to keep things super simple for friends and family
- How to fit crypto into a larger investment strategy including stocks and bonds

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The corresponding blog post with links and images:

https://www.michaelcaloz.com/2022/01/20/easing-into-crypto-part-23-how-to-invest-at-various-levels-of-wealth-and-risk-plus-where-my-money-is-and-how-much-ive-made/

00:24:46

Easing into Crypto Episode 22: Wrapping up my 7 categories of investment (including an update on StrongBlock) Episode 22: Wrapping up my 7 categories...
Warning: If you're new to this podcast and jumped straight to this episode, I suggest you instead start at the beginning. I know that learning the secrets of investing and making money in crypto sounds appealing, but this episode relies on a lot of concepts I've been slowly explaining in a very intentional order across the previous 21 episodes. This is complex stuff, and I think you'll be best served by listening to everything.

- Ranking the options across my high-risk-high-reward categories (including a brief update on Wonderland)
- Why everything depends on the price of the underlying token
- Update on OlympusDAO
- Update on StrongBlock (including a shift in how I feel about it, some exploration of investment psychology, and a tip for saving on gas fees)
- Putting all seven categories into perspective by risk

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The corresponding blog post with links and images:

https://www.michaelcaloz.com/2022/01/20/easing-into-crypto-part-22-wrapping-up-my-seven-categories-of-investment-including-an-update-on-strongblock/

00:43:57

Easing into Crypto Episode 21: StrongBlock - the investment that’s made me the most money by far Episode 21: StrongBlock - the investment...
Warning: If you're new to this podcast and jumped straight to this episode, I suggest you instead start at the beginning. I know that learning the secrets of investing and making money in crypto sounds appealing, but this episode relies on a lot of concepts I've been slowly explaining in a very intentional order across the previous 20 episodes. This is complex stuff, and I think you'll be best served by listening to everything.

- Investment category #7: NaaS (nodes as a service, i.e., StrongBlock), why it's been one of the most challenging investment opportunities for me to write about, why it feels almost too good to be true, some of the concerns I have, and how to deal with taxes

By the way, before deciding to invest in StrongBlock, I recommend listening to episode 22, where I share some of my evolving thoughts on the project.

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The corresponding blog post with links and images:

https://www.michaelcaloz.com/2022/01/05/easing-into-crypto-part-21-the-single-investment-thats-made-me-the-most-money-strongblock-and-wrapping-up-the-high-reward-high-risk-categories/

00:37:08

Easing into Crypto Episode 20: Higher-risk, higher-reward opportunities (OlympusDAO, Tomb Finance, yield farming) Episode 20: Higher-risk, higher-reward o...
Warning: If you're new to this podcast and jumped straight to this episode, I suggest you instead start at the beginning. I know that learning the secrets of investing and making money in crypto sounds appealing, but this episode relies on a lot of concepts I've been slowly explaining in a very intentional order across the previous 19 episodes. This is complex stuff, and I think you'll be best served by listening to everything.

- Investment category #4: Providing liquidity and yield farming, how that's worked out for me, and how to try it out yourself on Fantom
- Investment category #5: NFT's, why this might be harder than you think, and what to be careful of
- Investment category #6: Complex “DeFi 2.0” opportunities (e.g., OlympusDAO & its clones, Tomb Finance), understanding the difference between APR and APY, the best options of this type, an intro to OlympusDAO, and an intro to Tomb Finance

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The corresponding blog post with links and images:

https://www.michaelcaloz.com/2021/12/27/easing-into-crypto-part-20-higher-risk-higher-reward-opportunities-liquidity-staking-yield-farming-nfts-olympusdao-and-tomb-finance/