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The ultimate guide to the world of cryptocurrencies!
While the cryptocurrency market is known for its volatility--and this volatility is often linked to the ever-changing regulatory environment of the industry--the entire cryptocurrency market is expected to reach a total value of $1 trillion this year. If you want to get in on the action, this book shows you how.
Cryptocurrency Investing For Dummies offers trusted guidance on how to make money trading and investing in the top 200 digital currencies, no matter what the market sentiment. You'll find out how to navigate the new digital finance landscape and choose the right cryptocurrency for different situations with the help of real-world examples that show you how to maximize your cryptocurrency wallet.
Understand how the cryptocurrency market works
Find best practices for choosing the right cryptocurrency
Explore new financial opportunities
Choose the right platforms to make the best investments
This book explores the hot topics and market moving events affecting cryptocurrency prices and shows you how to develop the smartest investment strategies based on your unique risk tolerance.
Auteur
Kiana Danial is the CEO of Invest Diva as well as an internationally recognized personal investing and wealth management expert. She delivers workshops and seminars to corporations, universities, and investment groups, and has been featured in Forbes and on CNN. She was named the 2018 Personal Investment Expert of the Year by Wealth & Finance International.
Texte du rabat
Create a crypto strategy that matches your goals The guide you need to invest in cryptocurrencies There's money to be made in the cryptocurrency market, but it's important to know what you're doing. This hands-on guide gives you just what you need to make wise decisions. It explains how cryptocurrencies work, covers the rewards and the risks, explores the top 100 digital currencies, and discusses diversification. You'll determine the right platform for investing, find out how to use a cryptocurrency wallet, and see how to develop smart short-term and long-term investment strategies. With this book, you can be a part of the future economy. Inside...
Résumé
The ultimate guide to the world of cryptocurrencies!
While the cryptocurrency market is known for its volatilityand this volatility is often linked to the ever-changing regulatory environment of the industrythe entire cryptocurrency market is expected to reach a total value of $1 trillion this year. If you want to get in on the action, this book shows you how.
Cryptocurrency Investing For Dummies offers trusted guidance on how to make money trading and investing in the top 200 digital currencies, no matter what the market sentiment. You'll find out how to navigate the new digital finance landscape and choose the right cryptocurrency for different situations with the help of real-world examples that show you how to maximize your cryptocurrency wallet.
Contenu
Introduction 1
About This Book 2
Foolish Assumptions 2
Icons Used in This Book 3
Beyond the Book 3
Where to Go from Here 4
Part 1: Getting Started with Cryptocurrency Investing 5
Chapter 1: What Is a Cryptocurrency? 7
Beginning with the Basics of Cryptocurrencies 8
The definition of money 8
Some cryptocurrency history 9
Key crypto benefits 9
Common crypto and blockchain myths 11
Risks 12
Gearing Up to Make Transactions 12
Wallets 12
Exchanges 12
Communities 13
Making a Plan Before You Jump In 14
Select your cryptos 14
Analyze, invest, and profit 15
Chapter 2: Why Invest in Cryptocurrencies? 17
Diversifying from Traditional Investments 18
Stocks 18
Bonds 20
Forex 21
Precious metals 23
Gaining Capital Appreciation 25
Historical returns 25
Huge growth potential 27
Increasing Income Potential 28
A bit about traditional dividends 28
The basics on crypto dividends 28
Fueling Ideological Empowerment 29
The economy of the future 29
Freedom from government control of currency 30
Help for the unbanked and underbanked 31
Chapter 3: Recognizing the Risks of Cryptocurrencies 33
Reviewing Cryptocurrency Returns 34
Capital gains (or losses) 34
Income 34
Risk: Flipping the Other Side of the Coin 35
Glimpsing Cryptocurrencies' Reward versus Risk 36
Digging into Different Kinds of Risk 37
Crypto hype risk 37
Security risk 38
Volatility risk 40
Liquidity risk 41
Vanishing risk 41
Regulation risk 42
Tax risk 43
Exploring Risk Management Methods 43
Build your emergency fund first 45
Be patient 45
Diversify outside and inside your cryptocurrency portfolio 47
Chapter 4: Looking Under the Hood: Blockchain Technology 49
Breaking Down Blockchain Technology Basics 50
What is a blockchain, and how does it work? 50
How does a blockchain secure itself? 52
Why is blockchain revolutionary? 53
Perusing Problems with Blockchain 55
Scalability problems 56
Environmental problems 57
Fraud problems 57
Political problems 58
What Can Blockchain Be Used for? 58
Payments 58
Voting 59
Supply chain monitoring 59
Identity verification 59
Legal ownership of stuff 60
Healthcare 60
Entertainment 60
Energy 61
Internet of Things (IoT) 61
Chapter 5: How Cryptocurrencies Work 63
Explaining Basic Terms in the Cryptocurrency Process 63
Cryptography 65
Nodes 66
Mining 66
Proof-of-work 67
Proof-of-stake 67
Proof-of-importance 68
Transactions: Putting it all together 68
Cruising through Other Important Crypto Concepts 69
Adaptive scaling 69
Decentralization 69
Harvesting 69
Open source 70
Public ledger 70
Smart contracts 70
Stick a Fork in It: Digging into Cryptocurrency Forks 71
What is a fork, and why do forks happen? 71
Hard forks and soft forks 72
Free money on forks 73
Part 2: The Fundamentals of Investing In Cryptos 75
Chapter 6: Cryptocurrency Exchanges and Brokers 77
Distinguishing Crypto Exchanges 78 <p>...