Contents
Guide
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THE
GUIDE TO INVESTING IN CRYPTOCURRENCY
Dear Reader,
After over a decade of covering investing topics as a journalist and writer, its rare for me to see much excitement in the tools we invest in. Sure, everyone is out to get rich, but normally investors reserve their adrenaline for specific stocks while portfolio managers stick to whatever strategy theyre pitching. Most veteran investors hardly allow a hint of emotion trickle as they lay out their thesis. Maybe thats why I found bitcoin so interesting when I got my first chance to write about it a few years ago. Supporters used emotional pleas to convince the world it wasnt just a currency or just an investment. It was a way of life. A philosophy.
Despite this enthusiasm, few could legitimately predict what would happen to bitcoin in 2017 when suddenly some of these advocates turned into millionaires. Discussing cryptos then turned into a much larger conversation as supporters were emboldened by the price appreciation. Expressing skepticism in the crypto discussion seemed on par with rejecting someones religion or worldview. The problem? People werent just investing in cryptos. They were placing their hopes and dreams on the rise and fall of a coin that had no long-term track record.
Thats why I decided to write this book. Its a detailed introduction to what a new crypto investor should know about these coins, beyond the blind narrative that theyre destined for growth. With this information and basic understanding in hand, you can form a calculated opinion of a coin and the risks involved, and determine for yourself just how much youre willing to put into either the future of currency or simply the next in a long line of investment fads.
Its up to you to decide.
Ryan Derousseau
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Library of Congress Cataloging-in-Publication Data
Names: Derousseau, Ryan, author.
Title: The everything guide to investing in cryptocurrency / Ryan Derousseau, regular contributor to Fortune and Money.
Description: Avon, Massachusetts: Adams Media, 2019.
Series: Everything.
Includes index.
Identifiers: LCCN 2018055599 | ISBN 9781507209325 (pb) | ISBN 9781507209332 (ebook)
Subjects: LCSH: Cryptocurrencies. | Bitcoin. | Electronic funds transfers. | Investments.
Classification: LCC HG1710 .D47 2019 | DDC 332.4--dc23
LC record available at https://lccn.loc.gov/2018055599
ISBN 978-1-5072-0932-5
ISBN 978-1-5072-0933-2 (ebook)
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