When you set up a bitcoin-only wallet for storing your bitcoin you will get a recovery phrase. A recovery phrase is a series of 12 to 24 words that when entered into a bitcoin wallet creates the private keys to access an address on the bitcoin network. This is like the login to your bank account. Storing it safely and making sure that it works are the most important things you need to do to keep your bitcoin safe. What do you do to keep your recovery phrase safe?

Where would you put the Bitcoin / private keys and why?

Right now it looks like we are at the beginning of a classic bitcoin Uptober Bitcoin hit a new all-time high price today at $126K But what if Bitcoin dropped to $64K or less by Christmas? How would you feel? What would you do? What would you be telling yourself?

I am currently in the process of updating the main/first course in the classroom area. With the first course I’m going to focus on helping people know what to do to get started with bitcoin The course is going to cover these steps: 1. Open an account on a Bitcoin-only exchange and buy first Bitcoin 2. Set up a secure Bitcoin-only wallet 3. Backup the recovery phrase for the wallet 4. Do a test recovery of the wallet 5. Set up regular, recurring, automatic buys of Bitcoin 6. Set up regular, automatic transfers from the Bitcoin-only exchange account to the Bitcoin-only wallet I could use help with three things 1. Feedback on the course outline 2. Feedback on the course modules after they're posted 3. Suggestions on what to focus on for next steps after the first course is completed I’ll post a separate post for item #3 and I’ll post a request for feedback after each module is published and live. For now, please let me know what you think about the first course outline I posted above The focus of the course is to help people take action and: buy their first bitcoin, set up a secure wallet to store the bitcoin long-term, and to automate regular buys to start wealth building with bitcoin. Am I missing something important for new bitcoiners to do to get started well in Bitcoin? Do you have any concerns or questions about any of the steps in my outline? Thank you for your help with this! I look forward to your feedback

Should someone new to bitcoin be using a hardware wallet? First off, what is a hardware wallet? A hardware wallet is a small electronic device that is used to approve transactions from a bitcoin software wallet. You have to get a code from the hardware wallet to the software wallet in order to send any bitcoin from your software wallet It makes your bitcoin only software wallet, even more safe. But do beginners need it? Please tell me your thoughts in the comments? I will post my thoughts in the comments as well