Episode 17: Preparing to invest (how much to put in, how to get the coins you want, blockchains)

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 16 episodes. This is complex stuff, and I think you'll be best served by listening to everything.- Deciding how much money you have to work with and what percentage you feel comfortable putting into crypto- How to approach asset allocation, deciding between lump-sum investing and dollar-cost averaging, and choosing between DeFi and CeFi- Setting up your crypto wallets (including which wallet I use for each blockchain), and several approaches for using your cash to get the coins and tokens you want- The centralized exchanges I recommend, and figuring out which ones offer which cryptocurrencies- Understanding different blockchains, how those fit in with exchanges, how to transfer between blockchains, and how to make sure you're getting a coin rather than its token version-----The corresponding blog post with links and images:https://www.michaelcaloz.com/2021/10/29/easing-into-crypto-part-17-preparing-to-invest-how-much-to-put-in-how-to-split-it-up-to-mitigate-risk-setting-up-your-wallets-buying-the-coins-tokens-you-want-and-dealing-with-different-blockchains/