Interest in Bitcoin and other cryptocurrencies is booming. From people looking to invest in Bitcoin to miners processing transactions in exchange for coins, everyone is trying to get a piece of this digital currency and the value it holds. Even big businesses like Tesla and PayPal are investing in Bitcoin, while companies like Walmart and IBM are leveraging the blockchain technology that runs Bitcoin to develop new ways in how we use and store data. Despite what some naysayers might tell you, Bitcoin is not dying, and cryptocurrency is here to stay.
But before you dive into the cryptocurrency market, you must be prepared. Bitcoin’s price is volatile thanks to its very nature, while hackers and scammers are always finding new ways to steal coins and cash from others. Investing in cryptocurrencies like Bitcoin and Ethereum can be profitable but is riskier than any other type of investment out there.
Before you try your hand at investing in Bitcoin, The Evolution of Bitcoins: The Absolute Beginner's Guide to Bitcoins and Blockchains will help introduce you to:
● the cryptocurrency market and the world that encompasses it;
● various cryptocurrencies, like Ethereum and Dogecoin;
● crypto wallets and crypto exchanges;
● the difference between hot wallets and cold wallets;
● mining rigs and mining pools;
● decentralized apps (dApps) and decentralized financing (DeFi);
● proof-of-work and proof-of-stake systems; and
● buying and selling Bitcoin and other altcoins.
From blockchain to mining, crypto exchanges to ICOs, this book will arm you with the knowledge you need to help you prepare for, and get started, in investing in Bitcoin and other altcoins.
Genre: BUSINESS & ECONOMICS / Personal Finance / Investing
This book is recently new to Amazon and I believe sales will come really soon once it is properly promoted.
Introduction
Since its creation a little over a decade ago, Bitcoin has seen epic rises and equally epic falls. Once an outlier in the financial markets, Bitcoin and other cryptocurrencies, known as altcoins, are slowly being accepted by businesses, governments, and financial institutions around the world. However, we are nowhere near to seeing the heights that Bitcoin and altcoins have to offer, and opportunity is still rife on many fronts.
Along with Bitcoin is the blockchain—a potentially revolutionary technology that not only provides a new way to store and track data but has the potential to change the way we keep and track data in the supply chain and beyond.
With more prominent people and businesses investing in Bitcoin, it’s clear that Bitcoin is not going to fall to the wayside anytime soon. Likewise, with the number of tools and apps out there, anyone can invest in Bitcoin and other cryptocurrencies with as little as $10. However, is it worth investing in this growing fad? The answer to that is yes, it can be, but as you will see, investing in crypto is not for the faint of heart.
With this basic understanding, we will then look at the different tools needed to invest in Bitcoin and other altcoins—mainly, crypto wallets and the crypto exchanges where one goes to buy and sell. We will also talk about a few of the most common altcoins and their potential alongside Bitcoin.
Finally, we end with some strategies on how to manage your crypto investment, including ways of making profit without selling any of your coins or even buying any in the first place. We will also talk a bit about the potential future of Bitcoin and cryptocurrency in general.
Overall, we hope that you will find this book interesting and informative; this book will be able to help you get started in investing in cryptocurrency.
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Spanish
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Translation in progress.
Translated by Carla Veniani
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