Alan T. Norman - Cryptocurrency Investing Bible: The Ultimate Guide About Blockchain, Mining, Trading, ICO, Ethereum Platform, Exchanges, Top Cryptocurrencies for Investing and Perfect Strategies to Make Money

Most people receive new ideas with great fear, scepticism, and even denial. Of course, it is much safer to stay in the comfort zone and keep walking the beaten track. However, at some point, maybe it is worth asking yourself: how far will this track lead me? Most likely, it will lead you no further than the next door of your life.

Movement is progress. Therefore, you should keep an open mind and learn new things in order not to decay as the world keeps moving forward. This is true for many areas of our lives and in personal finances even more so.

For one, paper money is no longer prevalent. You will probably agree it is more convenient to pay for our costs and comforts with the small plastic card issued by your bank. This type of cashless settlement is much better for security reasons as well.

Not so long ago, humanity discovered another, completely new type of money digital money or cryptocurrency. This is a new generation of currency that is created through the use of encryption software. These units of cryptocurrency are formed and preserved through algorithmic encryption.

I would like to focus a little bit on the kinds of problems that cryptocurrency can solve. This is an issue I will bring up throughout this book, but for now I want to focus your attention on a concept called trust . It is this important problem which cryptocurrency solves. Let me explain using an example from my life.

I decided that I wanted to create a business and make some money when I was in school. Three school friends and I set out to sell flowers. Each of us wrote down the information about his earnings in an old notebook, which we passed on to each other. When this notebook ended up in my hands, and I really wanted ice cream , I wondered if I could change the written figures for my own benefit. But I scolded myself and thought: what if my friend did the same? Thus, it is obvious that distrust can arise even between the closest of friends. Cryptocurrency solves this problem as it does not allow us to add or change something once it is in the system.

However, the emergence of cryptocurrency, which solves the huge problem of trust, should not be associated with the explosion of a comet, a gift from above, or any other sort of fairytale beginning. In fact, the creation of cryptocurrency is much simpler.

First, the corresponding technologies, such as EXAMPLE, appeared, and then cryptocurrency arose on their basis, followed by mining (the production of cryptocurrency). Only afterwards did tokens, ICOs, and various cryptocurrency business models came into being on the basis of this whole ecosystem. The registry, which protects against manipulation (i.e. database repository), became the very first technology in the cryptocurrency economy. There is one small (or rather big) peculiarity of such registries: you can enter any data into this database but cannot forge anything or enter backdated information. These self-enforcing contracts are the second important technology in the cryptocurrency world. They are tightly sewn to the database.

I wont take a deep dive into the details behind all of this technology in this book as I explained the basics in my previous book, Mastering Bitcoin for Starters . In the present manual, I am going to tell you instead how cryptocurrency functions, the top ten cryptocurrencies, and what cryptocurrency exchanges and digital currency exchanges are. I will also explain the technical implementation of Blockchain, the Ethereum platform, and many other issues of the cryptocurrency world. The most interesting point is that I will outline plenty of smart investment strategies.

Right from the start, I want to warn you that the cryptocurrency market is alive and changing. It works 24 hours a day, seven days a week. Therefore, the information which was up-to-date the day I wrote the book may not be quite as fresh the day you read it. I will recommend resources in this book that you may refer to in order to keep up with the times.

The last thing to mention here: I suppose there are sceptics among the readers of this book. I agree that we should meet all new ideas while maintaining a degree of scepticism, but we should also be reasonable. Therefore, before making hasty conclusions about cryptocurrency, I suggest carefully reading the book and then analyzing the information I share here. With that being said, put your verdict on cryptocurrency into cold storage for now.

If you are ready to plunge into the world of cryptocurrency, come on!