Introduction:
Hi everyone, today I m starting to write about cryptocurrency Investing a full book I cant complete it in one article so today I will only introduce this book and tell about this book so let's start.
More than 2000 cryptocurrencies currently exist at the time of writing. crypto gain a lot of mainstream hype in 2017 when bitcoins value increases 1318 percent. this surge was nothing compared to the gain so some other digital assents such as Ripple which went up (hold your breath) a whopping 36018 present. these returns are more than what a stock investor could normally make in a lifetime and they generate enough interest to create a true frenzy.
However, the bubble burst at the beginning of 2018 leaving many late investors who brought cryptocurrencies at a high price, at a loss. that was enough for some newbie investor to label the whole industry as a scam and either give up on investing altogether or go back to traditional financial assets like stocks. regarded less the cryptocurrency market continued evolving become more stable and caught the attention and more support of many major finical institutions globally and united states. As more people great their hand on cryptocurrencies more sellar feel comfortable accepting them as a payment method and that the whole industry can flourish.
the fund option of cryptocurrencies such as bitcoin lies in a new technology called a blockchain; it's an infrastructure that cryptocurrencies are built on. Blockchain is a disruptive technology that many argue is bigger than the advent of the internet. the application of blockchain doesn't end whit cryptocurrencies, though, just just like the application of the internet doesn't end whit email.
the unique thing about cryptocurrency investing and trading is that crypto is a cross between an asset(like stocks)and a currency (like us dollar). Analyzing the fundamentals behind a cryptocurrency is very different from analyzing any other financial asset. The traditional ways of measuring value don't work in the crypto industry mainly because in many cases the crypto data isn't stored in the central hub somewhere. In fact, most cryptocurrencies and their underlying blockchain are decentralized, which means no central authority is in charge. the instant the power is distributed among the members of any given blockchain or crypto community.
About this book
you may have heard of some the famous cryptocurrencies, like Bitcoin, but the industry doesn't end there- for from it. And although the Crypto market has a ton of volatility, it also has the potential for you to make real money by investing wisely and developing strategies that suit your personal risk tolerance. in this book, I take into the risks involved in cryptocurrency investing and show you the different methods you can use to get involved.
The topic of cryptocurrencies and their underlying blockchain technology can be a bit confusing. that's why I am trying my best to keep cryptocurrency investing easily assessable for and relatable and free in intermediate terminology. but it does contain some serious information about strategy development risk management, and the whole industry in general.
As you dip into and out of this book feel free to skip the sidebars and the paragraphs marked with the technical staff icon. they contain an interesting and informative but aren't especially to becoming a Crypto investor.
This book contains a lot of web addresses to get you additional information about certain topics. some of the web addresses are affiliate links come, meaning that if you click them and start using a company service through the specific web address, on an affiliate payment for making and introductions. you also note that some web addresses break across two lines of text. if you are reading this book in print and want to visit one of this webpage especially key in the web address exactly as it's not in the text, pretending as though the line break doesn't exist. if you are reading this works as an e-book, you have got it easy just click the web address to take it directly to the webpage.
to be continued.