IntroToCryptos.ca
Part One Quiz
These 30 questions cover the foundational lessons in Part 1 of 6 of the crypto trading course. Each answer links to the lesson where you can dig deeper.
1. Why does this crypto course start with money mindset instead of charts and trading?
Great question. The course starts with mindset because your habits with money affect every trade you will ever make. If you carry negative feelings about money — like anxiety or doubt — those emotions will cause you to make bad decisions under pressure.
The Part 1 introduction explains that the early sections on mindset have been the most significant in improving trading success over the years. Changing how you think and feel about money comes first, and the technical skills build on top of that foundation.
Think of it this way — you would not run a marathon without training your body first. This section trains your financial thinking so the rest of the course actually sticks.
Last reviewed: 2026-03-312. What is the first exercise in the course and why should I actually do it?
The very first exercise asks you to write down what you would do if you had a little extra money — and what you would do with a lot of extra money. It sounds simple but it reveals your current beliefs about money. Most people skip exercises like this, which is exactly why most people stay stuck.
The lesson on What Do You Think About Money explains that writing your answer in a booklet starts the habit of keeping a trading journal. All successful traders keep a journal, just like athletes keep a training log. You can look back at your answers months later and see how much your thinking has changed.
Last reviewed: 2026-03-313. What is the difference between knowledge and belief when it comes to money?
Knowledge is information you understand in your head. Belief is what actually drives your actions. You can know that saving money is smart, but if you do not believe it deep down, you will not follow through.
The lesson on Knowledge vs Belief About Money teaches that your beliefs determine your actions, and your actions determine your results. The course is designed to give you small financial wins that turn knowledge into belief through personal experience.
This is why micro-investing with crypto is so powerful — it lets you prove to yourself that money can work for you, even with tiny amounts.
Last reviewed: 2026-03-314. How can I change my beliefs about money if I have been struggling financially for years?
You change beliefs through repeated experience, not just by reading books. The course walks you through a sequence of small, successful steps with money — starting with micro amounts of cryptocurrency that you can afford to experiment with.
As the Wealthy And Their Money lesson explains, even the smallest successes help build new feelings of accomplishment around money. Over time, those feelings replace the old anxiety and doubt. It takes practice, but the process is simple and it builds on itself naturally.
Last reviewed: 2026-03-315. What exactly is risk capital?
Risk capital is money you could lose completely and it would have zero effect on your life. It would not touch your savings, your assets, or your ability to pay monthly bills. It is truly extra money that you can afford to put at risk.
The What is Risk Capital lesson explains a hierarchy where you first save from your earnings, then buy assets, and the revenue from those assets becomes your risk capital. If you are starting from scratch, small amounts of cryptocurrency serve as risk capital because losing them will not affect your rent or groceries.
Last reviewed: 2026-03-316. I do not have extra money to invest — can I still follow this course?
Yes. That is actually one of the biggest advantages of starting with cryptocurrency. Bitcoin and other digital currencies allow you to begin with micro amounts that cost almost nothing. You do not need thousands of dollars or a brokerage account to get started.
The Risk Capital lesson explains that crypto lets you skip the old barriers to investing. Even tiny bits of digital currency qualify as risk capital because losing them has no consequence to your daily life. The point is to start building habits and confidence with whatever amount you can.
Last reviewed: 2026-03-317. Why does the course say that money works by laws?
Just like gravity and physics follow exact rules, money follows predictable principles too. When you learn and apply those principles, the results become reliable and repeatable. The problem is that most people were never taught these laws.
The Money Works By Laws lesson makes an important distinction between investing and gambling. Gambling is random — investing follows rules. This course starts with the mindset of a patient investor, not a gambler chasing quick profits. Once you understand the laws, you can apply them over and over.
Last reviewed: 2026-03-318. Is crypto trading just gambling with extra steps?
It can be — if you trade without a plan, without rules, and based on emotion. That is exactly what this course is designed to prevent. The Money Works By Laws lesson draws a clear line between speculating and gambling.
The gambling mindset chases excitement and ignores risk. The investor mindset follows principles, manages risk, and compounds small gains over time. Part 1 lays the psychological groundwork so you approach crypto with discipline instead of desperation. The later sections of the course teach you the specific rules and systems.
Last reviewed: 2026-03-319. What is the $20 per week millionaire plan?
This is a simple concept taught by Bob Proctor. If you set aside just $20 every week and invest it at compound interest, over your working life that small habit can grow into more than a million dollars. The magic ingredient is compound interest — earning interest on your interest.
The Plan To Be A Millionaire lesson shows that at 10% annual return, $20/week over 40 years becomes $482,000. At 14% compounded monthly, it becomes over $1.49 million. The lesson also explains how crypto markets can offer even stronger growth potential than traditional savings accounts.
Last reviewed: 2026-03-3110. Is it really possible to become a millionaire from $20 per week?
Yes, the math proves it — but only if you start, stay consistent, and let compound interest do the work. Most people never start because $20 feels too small to matter. That is exactly the belief this lesson is designed to change.
As the millionaire plan lesson explains, the two most important habits are watching your money grow and protecting that money from impulsive spending. When you do both for long enough, the compound math takes care of the rest. Crypto now makes this even more accessible because you can start with almost nothing.
Last reviewed: 2026-03-3111. What is compound interest and why does it matter so much?
Compound interest means you earn interest on your original money AND on the interest you have already earned. It is like a snowball rolling downhill — it starts small and gets bigger faster over time. Without compounding, $20 per week for 40 years gives you $40,000. With compounding, it can give you over a million.
The Plan To Be A Millionaire lesson walks through the exact numbers at different interest rates. The lesson also connects this to cryptocurrency lending strategies covered later in Part 1, where you can start earning compound returns on even micro amounts of Bitcoin.
Last reviewed: 2026-03-3112. What are the three categories of people when it comes to money?
According to the course, people fall into three groups. The first group spends slightly more than they earn each month. The second group spends exactly what they earn and has nothing left over. The third group spends less than they earn and saves the difference.
The People And Their Money lesson references data showing that roughly 75% of people fall into the first two categories. Only about 25% are saving regularly. The purpose of this lesson is to help you honestly identify which group you are in — and start building habits that move you into the third group.
Last reviewed: 2026-03-3113. Does having more money solve money problems?
No. More money just magnifies the habits you already have. If you have a habit of overspending, more money will lead to more overspending. This is why many lottery winners end up in worse financial shape than before they won.
The People And Their Money lesson explains that your habits come from your actions, your actions come from your beliefs, and your beliefs come from what you learned. Fixing money problems means fixing the beliefs and habits underneath them — not just adding more money on top.
Last reviewed: 2026-03-3114. Why do so many people fail with money even when they know what to do?
Because knowing what to do and actually doing it are two different things. There is a gap between knowledge and action, and that gap is filled with emotions. When you feel anxiety, doubt, or fear about money, taking the right action becomes very hard.
The People And Their Money lesson explains that where you feel good, enthusiastic, and accomplished — action is easy. Where you feel anxious and doubtful — action is difficult or happens at the wrong time. This is why the course focuses on building positive experiences with money first.
Last reviewed: 2026-03-3115. How do wealthy people think differently about money?
Wealthy people think of every dollar as a worker that earns more money on their behalf. They feel confident, relaxed, and optimistic about their financial future. They have built habits of saving, investing, and compounding over time.
The Wealthy And Their Money lesson shares that most people who struggle with money feel anxious, nervous, and sometimes question their own self-worth. The wealthy feel differently because they have practiced financial discipline until it became a habit. This course helps you build those same feelings through micro-investing with crypto.
Last reviewed: 2026-03-3116. What does it mean to make money work for you?
It means putting your money into positions where it earns more money — without you trading your time for it. Instead of working an extra hour for a paycheck, your money is out there generating returns while you sleep. Every dollar becomes a little employee working on your behalf.
The Wealthy And Their Money lesson teaches that once you shift to this mindset, every dollar you receive has a new meaning. The course starts you on this path with crypto lending and compounding strategies that require very little time to manage.
Last reviewed: 2026-03-3117. Why does the course talk about emotions so much — should I not just focus on strategy?
Strategy without the right emotions will fail. Your emotions drive your decisions in the moment, especially when money is on the line. If you feel fear during a market dip, you will sell at the worst time no matter how good your strategy is.
The Knowledge vs Belief lesson explains that beliefs drive actions, and actions drive results. The early course material is specifically designed to build positive emotional experiences with money so that when you reach the strategy sections, you can actually follow through on what you learn.
Last reviewed: 2026-03-3118. Who are the two financial masters mentioned in the course?
The two key influences are Phil Laut, who wrote "Money Is My Friend," and Robert Kiyosaki, who wrote "Rich Dad Poor Dad." Both books shaped the course creator's entire approach to money and investing. They address the emotional and psychological side of wealth building.
"Money Is My Friend" helps you uncover emotional habits with money that may be holding you back. "Rich Dad Poor Dad" teaches the difference between working for money and having money work for you. The Two Financial Masters lesson recommends both books as essential reading for anyone serious about financial freedom.
Last reviewed: 2026-03-3119. Do I need to read those books before I continue the course?
You do not need to read them right away to continue, but they are strongly recommended. The course was built on the principles found in those books. Reading them will deepen your understanding of why the course is structured the way it is.
As the Two Financial Masters lesson explains, these books can help you identify and clear emotional blocks around money that you may not even know you have. Many people find that reading these resources is the turning point that makes everything else click.
Last reviewed: 2026-03-3120. What is Bitcoin lending and how does it work?
Bitcoin lending means you lend your cryptocurrency to margin traders on an exchange. Those traders put up collateral and pay you interest for borrowing your coins. When the loan period ends, you get your coins back plus the interest earned.
The How To Safely Grow Bitcoin lesson explains that borrowers must return your coins with interest before they can withdraw their own collateral. This is what makes it a lower-risk strategy compared to active trading. It is described as a set-and-forget approach that only takes a few minutes a month to manage.
Last reviewed: 2026-03-3121. Is Bitcoin lending a scam?
No. The course creator was skeptical at first too. He experimented for months in 2016 with small amounts and found consistent profits at interest rates far better than any bank savings account. The key is that these loans are backed by collateral from the borrowers.
The How To Safely Grow Bitcoin lesson explains exactly why the lending markets work and why they are safe. Because borrowers must post collateral, lenders are protected from loan defaults. It is not the same as unregulated lending platforms where people have lost money.
Last reviewed: 2026-03-3122. What is a layered lending strategy?
A layered lending strategy means you divide your cryptocurrency into small portions and offer loans at different interest rates and different time periods. Some portions go out at lower rates for short terms, and others at higher rates for longer terms.
The How To Safely Grow Bitcoin lesson explains that this approach ensures you always have some coins earning interest while keeping reserves available for when rates spike higher. It is designed to maximize your returns across different market conditions without requiring constant attention.
Last reviewed: 2026-03-3123. Can I really start investing with almost no money?
Yes. That is one of the core messages of Part 1. Cryptocurrency removes the old barriers to investing. You do not need a brokerage account, you do not need thousands of dollars, and you do not need to pay high commission fees. Even a few dollars worth of crypto is enough to begin.
The Knowledge vs Belief lesson emphasizes that micro-investing with Bitcoin allows you to skip steps that past investors had to take. The point is to start building the habit and proving to yourself that this works — the amounts can grow from there.
Last reviewed: 2026-03-3124. Why does the course keep repeating the phrase "money works for you"?
Because repetition is how knowledge becomes belief. The course is deliberately structured to repeat this idea through different lessons, exercises, and examples. Each time you hear it and experience a small success, the concept sinks deeper into your thinking.
The Part 1 introduction explains that the goal is to embed this mantra in your mind and then prove it through action. When you experience your money earning interest or growing in value — even a tiny amount — it reinforces the belief. Eventually it becomes an automatic habit.
Last reviewed: 2026-03-3125. What if I have already failed at trading or investing before?
The course creator lost all his money twice when he first started trading. He openly shares this in the course. The difference between permanent failure and eventual success is learning from mistakes and having a plan for next time.
The Part 1 overview is clear that past failure does not disqualify you. In fact, having failed before means you already know what does not work. This course is structured to start you with the safest strategies first so you build confidence before taking on any real risk.
Last reviewed: 2026-03-3126. How much time does this course take per week?
Part 1 is designed to be read at your own pace. The initial lending strategies described in the How To Safely Grow Bitcoin lesson only require an afternoon to set up and a few minutes per month to review. There is no time pressure.
The course recommends reading sections multiple times to let the ideas sink in. The more you repeat the material, the more likely the knowledge will become a belief that changes your habits. Think of it less like a course to rush through and more like a reference you return to regularly.
Last reviewed: 2026-03-3127. Is this course only about Bitcoin or does it cover other cryptocurrencies too?
The course starts with Bitcoin because it is the most familiar and accessible entry point. However, the lending and compounding strategies apply to multiple cryptocurrencies. The How To Safely Grow Bitcoin lesson discusses multi-currency lending across many different digital assets.
Later parts of the course expand into altcoin trading strategies, technical analysis, and portfolio building. Part 1 is specifically about building the right foundation so that when you move into more advanced topics, you are thinking and feeling the right way about your money.
Last reviewed: 2026-03-3128. Why should I keep a trading journal if I am not trading yet?
Because the journal is not just about tracking trades. It is about tracking your thinking. The first exercise in the course asks you to write down your thoughts about money specifically so you can see how they change over time.
The What Do You Think About Money lesson explains that starting a journal now — before any trading — builds the habit early. When you do start trading, you will already have a system in place to track your decisions, correct errors, and reinforce the thinking patterns that lead to profits.
Last reviewed: 2026-03-3129. What is the connection between lending markets and margin trading?
The lending market funds the margin trading market. When traders want to borrow coins to make leveraged trades, they borrow from lenders like you and pay interest for the privilege. When markets are moving fast, demand for loans increases and lending rates go up.
The How To Safely Grow Bitcoin lesson recommends starting as a lender so you can observe how margin traders behave. By watching lending rates rise and fall, you gain insight into market activity. This observation builds experience that prepares you for active trading later in the course.
Last reviewed: 2026-03-3130. What should I do next after finishing Part 1?
After Part 1, move into Part 2 of 6 where the course shifts into how we learn to trade crypto, the most important principle of trading, and the dangers every trader must understand. But do not rush ahead until you have done the exercises in Part 1.
Revisit the money quiz, reflect on your risk capital situation, and consider the recommended books. The stronger your foundation, the better your results will be in every section that follows.
Last reviewed: 2026-03-31