Cryptocurrencies have been gaining a lot of popularity over the past few years, with more and more public exposure since the release of Bitcoin in 2009.
Today, the cryptocurrency market is valued at billions of dollars, and presents investors both big and small with a chance to make a lot of money. Because of this it is no surprise that many people want to learn more about cryptocurrency and how it is powered by blockchain technology.
Despite this popularity, in many places around the world it can still be hard to find academic courses of study to gain an understanding of cryptocurrency and start investing in it. That being said, in this article we will explore some of the courses that are on offer around cities in Australia that take a look at the interesting world of cryptocurrency and distributed ledger technology.
Trading Cryptocurrency and the Risk That it Presents
The fact the cryptocurrency is experiencing a boom in value has spurred many people on to start investing and trading with cryptocurrency, both big trust funds and businesses, as well as small time individual investors.
However, despite the upwards trajectory of most cryptocurrencies values', especially the likes of Bitcoin and Ethereum, the market for these digital currencies is very volatile and subject to change at a moments notice. Because of this, trading in cryptocurrency and investing in new coins carries significant risk for those who aren't well versed in stock exchanges.
Many people do successfully make money from investing in cryptocurrencies, but at the same time a large of number of people lose money as well. The volatility of the market means that it is wise to never invest more money than you can afford to lose, and always keep your financial security as a top priority.
Because cryptocurrency is such a new concept, there are still many unknowns about its growing use in society. There are also a lot of factors that seem to affect the cryptocurrency market in a huge way which you might expect. A couple of examples of this include:
- Recent reports about the environmental impact of supercomputers 'mining' for cryptocurrencies have lead to market values of popular coins decreasing, with China banning the 'mining' of cryptocurrency altogether - accounting for half of bitcoin mining globally.
- Single 'tweets' from Elon Musk, the CEO of Tesla, have seen the value of bitcoin both rise exponentially and crash suddenly. The revelation that Tesla would accept bitcoin saw a huge rise in shares being purchased, whilst his tweet saying this had been cancelled due to environmental issues saw bitcoins' value drop by 4% and Ethereum's' by 4.2% in a day.
This means that popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, are prone to sudden changes that have the potential to leave investors thousands of dollars out of pocket. Bitcoins' value reached an all time peak of $79,800 in April 2021, but hasn't reached that level since and now currently sits at around $51,500, which is quite a difference.
That being said, the cryptocurrency markets are booming and many people are successfully trading and investing in cryptocurrencies. If you want to join them and build yourself a trading portfolio, it's a good idea to get some training beforehand so you can fully understand and minimise the risk of putting your money in cryptocurrency.
Courses Around Australia
As cryptocurrency and blockchain technology fall into further use within society, more options of courses and training bootcamps will become available for students who wish to study them. At the time being however, there is a distinct lack of dedicated and comprehensive courses that cover these topics; especially when considering academic courses on offer from universities.
Despite this, students like yourself still have a choice of a number of courses for studying in cities around Australia, some have university courses, whilst all present the option of taking an online training course or working with a private tutor.
Sydney is one of the best options in Australia for taking an academic course of study to do with cryptocurrency at university. You can find courses at the 'University of Technology Sydney', 'Sydney Community College', and the 'University of Sydney'.
Some of the courses you can find to study at these institutes include:
- Cryptocurrencies open learning course at UTS
- Get ready for blockchain open learning course at UTS
- An introduction to cryptocurrency at Sydney Community College
These are great courses to give you a good understanding of how cryptocurrency works, and how to get involved with trading and investing safely.
Melbourne is another city in Australia that offers a few university courses on cryptocurrency and blockchain. You can find these courses at RMIT and Deakin University, as well as remote training bootcamps and short courses from online training providers.
RMIT offers several options for study, mainly based on the blockchain technology behind cryptocurrency and it's potential future uses, a few of these are; Blockchain enabled business, Developing Blockchain Strategy, Developing blockchain solutions.
Deakin again focuses on blockchain with it's course 'Blockchain Technologies and Real World Solutions'.
Monash University is also based in Melbourne, and is one university that offers tech training bootcamps to students around Australia, with classes on cryptocurrency and the use of blockchain.
In Brisbane, it can be hard to come by an university lead academic course in the study of cryptocurrencies and blockchain. However, there are still a few great options for studying online to get an education.
Monash University offers their aforementioned bootcamps in Brisbane, with one to note being 'Become a Fintech Professional in 24 Weeks', which will teach you about how cryptocurrencies and blockchain are changing the way we look at money and how they might change the world in the coming years.
The Knowledge Academy also offers an interesting course in Brisbane called 'Ethereum Developer Course' where you will learn all about Ethereum, how it differs from Bitcoin and other cryptocurrencies, and even how to make your own cryptocurrency!
It can be, again, quite hard to find a university course to study in Perth based solely on cryptocurrency and blockchain. The best bet as a student in Perth is to look at the available online training courses.
That being said, the University of Western Australia does offer a couple of units that look at distributed ledger technology, which blockchain is a part of, how it relates to cryptocurrencies, and it's other uses in business.
This is good for students who are taking another course of study at UWA and wish to learn more about blockchain and cryptocurrency throughout the duration of their classes.
Other than that, The Knowledge Academy, as well as Columbia Business School offer online training courses through their virtual classroom in Perth.
The University of South Australia and Adelaide University both run courses that can give you a better understanding of working with cryptocurrency and blockchain technology.
At Adelaide University you can take the 'Blockchain, Crypto, and Big Data' course, which lasts for three units and teaches it's students the foundations of blockchain and cryptocurrency, and how they potentially hold the future of money.
If you have already completed a bachelor degree, the University of South Australia offers a postgraduate course on an 'International Perspective of Fintech', again teaching students about blockchain and distributed ledger technology, as well as how AI and machine learning are getting involved with cryptocurrency and the financial sector.
In Adelaide you can also find a number of online training courses, many that are available in other cities of Australia too; The Knowledge Academy, Columbia Business School, and Monash University are a few of these online training providers.
Private Tutors Teaching Cryptocurrency with Superprof
Another option for those students wishing to learn more about cryptocurrency trading, rather than just what cryptocurrency is and how it works, is to study with a private tutor.
At Superprof, we work with thousands of private tutors in a range of over a thousand subjects, including cryptocurrency. You can easily search on the website for tutors both in person and online who are offering classes in your area of Australia, and book in classes at a time that suits your schedule.
You can check the previous experience of each tutor in their online profile to find who is best suited to teach you what you want to know. Some tutors will have experience mainly in trading and investing in cryptocurrencies, whilst others will have more knowledge on how they work, mining cryptocurrencies, and creating coins and tokens yourself.
Private tutors give you a lot of flexibility in your studies, allowing you to take classes at a pace that suits you, and focus on the information that you wish to learn.
Tutoring from Superprof is available to anyone in Australia, no matter where they live; So if you are struggling to find an academic or training course in your area that you wish to study, why not take a look and see which tutors you could work with instead?
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