Cryptocurrency: A Clear and Simple Guide to Understand and Master Cryptocurrency is your ultimate reference to all things cryptocurrency.
You’ve read about it online. You’ve heard people talk about it. You may have even seen it on the news. What is cryptocurrency? How are people making so much money from it? Can I make money trading cryptocurrencies like Bitcoin, Ethereum, and Litecoin? How do I begin? How is it affecting the world? Cryptocurrency: A clear and simple guide to understand and master cryptocurrency offers a complete and detailed guide to getting started in understanding cryptocurrency and trading investing in this exciting new market.
You will learn the core concepts of cryptocurrency. What is cryptocurrency? How does it work? These answers and more are provided in this helpful guide. You will learn the fundamental ideas that form cryptocurrency. You’ll look at what makes up a cryptocurrency. You’ll examine the conditions required to consider something a cryptocurrency. You’ll also learn about the technology cryptocurrencies are built on, blockchain. Lastly, you’ll get to take a look at the role of cryptography in securing cryptocurrency.
You will learn the underlying mechanics beneath cryptocurrency. The first thing we will do is dissect and take a detailed look at a block, the main component of a cryptocurrency’s blockchain. After learning the structure of the block, we will take a look at how blocks are formed and then chained together with cryptography. After that comes learning about the distributed ledger, the network on which cryptocurrencies operate. Mining, the process by which new cryptocoins are created and distributed, will also be explained in detail. Wallets, the primary storage medium for cryptocurrency, will be elaborated on afterwards. Lastly, we will cover the anonymity afforded by cryptocurrencies and how cryptocoins are moved between individuals and institutions.
Cryptocurrency carries with it a strange and fascinating history. We will break down the origins of cryptocurrency from early infancy in cryptographic research to the current state of the technology. We will look at the early science behind cryptocurrency, the release of Bitcoin and the mysterious figure behind it, the growth of Bitcoin, and developments of additional cryptocoins, how competition works in cryptocurrency, and other critical points in cryptocurrency history.
What’s more, you will get to know the many applications of cryptocurrency. We will cover cryptocurrency trading, investing, smart contracts, decentralized applications, commerce, wealth management, education, and a couple of ideas for future use of cryptocurrency.
Prices are volatile, volumes are large, and investing properly requires a lot of research and foresight. We will cover the basics of cryptocurrency trading and investing, fundamental analysis, exchanges, trading strategies, the investment process, and rudimentary risk management.
As cryptocurrency is a new and emerging technology, new laws are being created to handle cryptocurrency. We will cover cryptocurrency taxes, regulations, monetary policy, ICOs, the SAFT, money laundering, corruption enabling and prevention, and risk of litigation. There are many new laws surrounding cryptocurrency, and more coming each day.
Trading and investing in cryptocurrency does not come without risk. Fortunately, knowing how to identify a healthy cryptocurrency investment and how to mitigate risk when investing and trading will minimize any potential losses you may incur. We will cover strategies you can employ in managing risk while trading and investing in cryptocurrency.