Are you or your clients crypto-curious?
Is buying Bitcoin and cryptocurrencies investing — or gambling?
Is Bitcoin a new investable asset class, or is it a fad?
Will Bitcoin continue to dominate the cryptocurrency market, or should you diversify into altcoins?
Once you put money into crypto, how do you take profits? And when?
It’s hard to distill the fundamental value proposition of cryptocurrencies from all the hype. It’s also intimidating to get started because the infrastructure is still immature and difficult to use — especially for serious investors who need professional custody and trading solutions.
I’d like to help you get started – or to go deeper with cryptocurrencies and blockchain technologies.
Crypto Bootcamp is a comprehensive, hands-on introduction to Bitcoin and cryptocurrencies for teams and organizations.
At the end of the Bootcamp, you will understand the fundamental concepts behind cryptocurrencies, own Bitcoin in a wallet that you set up yourself, have personally made a number of crypto transactions, and will understand how to take advantage of the cryptocurrency revolution at your organization.
The suggested engagement duration is a full day but can be extended based on areas of interest.
The first step is a short call to discuss your goals with Bitcoin and cryptocurrencies.
I will prepare a proposed Statement of Work with a detailed description of materials to cover in the workshop. The SOW will include a list of goals to achieve and deliverables from the engagement.
The workshop will be held remotely (via Zoom) or onsite.
At the end of the engagement, you will receive a video recording (if selected), a cryptocurrency hardware wallet for all participants (if selected), a complete software environment on participants’ computers needed to make crypto transactions or accept payment in cryptocurrencies.
Areas To Be Covered
While the specific agenda of the Crypto Bootcamp is up to you, the focus is on the practical application of blockchain technologies at your specific business. You will leave with the tools you need to participate in the crypto ecosystem, such as a hardware wallet, local node implementation, and any accounts needed to engage in transactions.
The HODL (CUSTODY) Module
The first thing you must know about Bitcoin is how to store it. It can be complicated to store Bitcoin safely. We will cover the basic principles of properly keeping your Bitcoin safe, yet available for transactions and trades. Did you know you can trade Bitcoin right from your wallet, without any exchanges involved?
- How to set up a Bitcoin/cryptocurrency wallet.
- Bitcoin custody for organization: multi-signature, hidden wallets, distributed seed storage
- The different types of Bitcoin wallets: custodial vs non-custodial, hot vs cold, and soft vs hard wallets
- Modern Bitcoin wallets use a BIP39 seed phrase to secure your coins. Learn what a seed phrase is and how to store it properly.
- Sending Bitcoin: basic bitcoin transactions as well as advanced tricks (pay to many, replace by fee, custom fees, address control, etc)
The PRO-TRADER Module
This topic is about the mechanics of trading rather than any specific trading technique or coin recommendations. Learn how to place orders, and avoid potential pitfalls that will cost you.
- Key differences between the stock market and crypto market
- Fundamental analysis of crypto assets
- How to keep trading fees to a minimum
- Managing risk with limit orders & other techniques
- How to access the advanced trading products of exchanges
- Tax-smart Bitcoin investing
The CRYPTO ECOSYSTEM Module
For Bitcoin to be successful it needs an entire ecosystem of services that integrate the blockchain with the rest of the economy. This module helps you understand the different roles that players take to make the crypto economy possible. Additionally, we will compare and contrast the different kinds of crypto assets: cryptocurrencies, utility tokens, security tokens, and NFT’s.
- Understanding different players in the crypto ecosystem: wallets & custody, merchant transactions, exchanges, P2P lending, mining, financial services, social/networks/games & identity/authentication
- Cryptocurrencies vs utility tokens vs security tokens vs NFT’s.
The BITCOIN ECONOMICS Module
While it’s exciting to celebrate the latest peak in Bitcoin’s price, it’s more important to understand the big picture. What makes Bitcoin so valuable? How does its potential compare to other asset types? What threats does Bitcoin face in the short, medium, and long term?
- How high will the price of Bitcoin go?
- Is Bitcoin better than gold?
- How much of a threat are Central Bank Digital Currencies
- Can the government ban Bitcoin?
The NO-BS Module
There are thousands of crypto-related scams out there. Some of the scammers are very good. Learn the five most popular types of scams and how to avoid them.
- Common scams: imposter schemes, pyramid schemes, pump and dumps, rug pulls, and ICO scams
- How to tell if a crypto project is vaporware or legit (fundamental analysis)
- How to tell if an exchange or wallet is fake
- How to tell if you’re being used for a pump and dump
The CRYPTO-Commerce Module
There are several good options for merchants to accept Bitcoin payments including BTCPay, Coinbase Commerce, and BitPay Checkout. The integration process is still complex, and the process must be properly secured, especially if multiple staff need to process payments. Let me help you integrate Bitcoin/crypto payments for Point of Sale payments.
- Review of different products for Bitcoin Point of Sale
- Identify the proper solution and integrate Bitcoin payments at point of sale
- Multi-signature custody for high-value wallets
- Currency conversion problems when accepting crypto payments
About Your Host
David Veksler is the owner of WalletRecovery.info, a wallet recovery service, and the Managing Partner of Vellum Capital, a cryptocurrency-focused hedge fund founded in 2018. At Vellum, he oversees cryptocurrency operations, security, counterparty relationships, market research, and digital marketing.
He has advised thousands of customers on cryptocurrency-related issues, including:
- Cryptocurrency-related disaster recovery services
- Custody protocols – for ex, hardware wallets and multi-signature
- Smart contract projects on Ethereum’s blockchain
- Workshops on trading, mining, security, and more.