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Digital Gold
- Demystifying Bitcoin and Cryptocurrencies: A Beginner’s Guide to Bitcoin, Cryptocurrencies, Blockchain and Digital Oil; Ethereum
- Narrated by: Robert Dale Brown Jr.
- Length: 3 hrs and 22 mins
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Publisher's Summary
So, what are cryptocurrencies, and why do they exist?
The primary reason most people are interested in cryptocurrencies these days is because they’ve heard of the ungodly sums of money someone can make in the market. What was once a niche asset reserved for people who spoke computer science has become a fully viable alternative asset that has been compared to gold and oil.
This book aims to demystify this asset class, particularly Bitcoin, and help you understand whether an investment is the right choice for you or not. Even if you don’t choose to invest, it doesn’t hurt to understand what is driving this new asset class and how sustainable these forces are. The fact is that many people don’t understand the economic forces that are driving the prices of Bitcoin and other cryptocurrencies right now.
As someone who has worked in financial services technology for over 30 years, I’ve had a front-row seat to the way money has evolved over the past few decades. All of the views in this book are the same as what I advocate to my clients around the world.
What's inside:
The Evolution of Money
- Transitions
- The Rise of Paper
- Digital Money
- Cryptocurrencies
Digital Gold - What Is a Cryptocurrency?
- Decentralization
- Networks
- Benefits
- Validation
A History of Bitcoin
- Enter Bitcoin
- Initial Reaction
- Rival Options
- Scams
- The Initial Coin Offering Wave
- A Major Milestone
- The Pandemic
The Pros and Cons of Bitcoin
- Advantages
- Accessibility
- Returns
- More ICO Opportunities
- Changing Economic Conditions
- Disadvantages
- Regulation
- Volatility
- Network Stall
- Fraud
What Is the Blockchain?
- Structure
- Addition and Deletion
- The Impact of Blockchain on Different Sectors
How to Mine Bitcoin
- Supply Limits
- Advantages of Mining Bitcoin
- The Mining Process
- Methods
- Mining Tutorial
How to Trade Bitcoin
- Holding On
- Decentralization
- Security
- First-Mover Advantage
- How to HODL
- Short-Term Strategies
- Evaluating an Exchange
- Strategies
Tips and Tricks for Bitcoin Investing
- The Importance of Routine
- Understand Risk Management
- Choose the Right Wallet
- Always Have a Strategy
- Be Careful with Leverage
- Stay Away from Pump and Dumps
- Scale Intelligently
Are Cryptocurrencies the Future of Money?
- What the Future Looks Like
- The Rise of Crypto
- Sustainability
- A Possible Solution
Altcoins - Where Fortunes Could Be Made
- Ripple
- Litecoin
- Cosmos
- Bitcoin Cash
Ethereum - Digital Oil
- Speculation and Investment
- Value Addition
Conclusion