"Bitcoin will do to banks what email did to the postal indsutry." -Rick Falkvinge
In a world with infinite possibilities and brilliant minds bursting with fantastic ideas, we are bound to have new inventions come about that change the way we think and do things regularly. Such as?
Well, take the smartphone, for example. Ever since Android or iOS smartphones have existed and become commonplace, the world as we know it changed. People started doing everything on their phone: shopping online, planning events using virtual calendars, messaging friends, and calling loved ones. So I challenge you to dedicate a week without using your smartphone; it'll be a challenge!
Additionally, other technologies, transport, and medical science developments have made the world safer, smarter, and accessible.
Although, according to some naysayers, the jury is still out on whether a cryptocurrency will become an important invention that will change the way we use money, there is no denying the fact that crypto has the potential to do so. Why's that? When you stop and think about it, though online shopping and virtual transactions have expanded in popularity, there is a lot to be desired for money transfer and digital currency; that is why Bitcoin enters the picture!
Whether we like it or not, a virtual currency that knows no borders, such as Bitcoin, is needed in today's digital age.
So, to help educate curious individuals about the future domination of cryptocurrency, in today's article, we shall discuss the best books that help people engagingly learn more about crypto.
Finding the Top Four Best Cryptocurrency Books for Learners
With so many books about so many different subjects, a person could read all day for the rest of their lives and not even scratch the surface of all material published; isn't that a beautiful thought? In addition, the variety of books and the distinct points of view from authors make reading an immersive and pleasant experience.
The experience of reading a book is enhanced when a person finds a topic that they are passionate about.
So, if learning more about cryptocurrency is slowly becoming a topic that you love to learn more about, you will be happy to consider the top four most highly recommended crypto books published by experts today.
Mastering Bitcoin: Programming the Open Blockchain
If you consult resources to discover which are the best books to learn more about cryptocurrency and Bitcoin, one reader will show up more than any other. Which book is that, you may ask? Mastering Bitcoin: Programming the Open Blockchain.
The Mastering Bitcoin book was written by Andreas M. Antonopoulos. It covered more a wide variety of topics that range from the development of Bitcoin to the technology that supports the open blockchain.
Readers particularly enjoy the brief history lesson Antonopoulos provides about how Bitcoin originated and how it became the most sought after digital currency on the planet today. It's important to state that the book is in its second edition, and the author continues to update the information to provide readers with relevant knowledge about cryptocurrencies.
Since the book has Programming the Open Blockchain has "blockchain" in the title; it touches on blockchain technology. It uses easy-to-understand language that isn't technical so that even persons who don't want to program open-source blockchain may understand.
Mastering Bitcoin: Programming the Open Blockchain is a fantastic book that helps all types of readers to develop a better understanding of the mother of all cryptocurrencies: Bitcoin.
Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
Another highly recommended book that deals with cryptocurrency is titled Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond. Written by two writers who are experts in digital currencies, Chris Burniske and Jack Tatar, the Cryptoassets mentions plenty of topics and advice about cryptocurrency. Such as?
First and foremost, it is essential to state that Burniske and Tatar wrote the book and divided it into three separate sections: WHAT, HOW, and WHEN. All areas talk about cryptocurrencies, how they came about, how to invest in them, and the supply/demand of digital assets in a virtual world.
Additionally, if you want to learn how to invest in crypto yet have no idea which guiding principles to follow, this book is a great place to start; the trading and investment advice is brilliant!
The Book Of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto
If you have a bit of knowledge of cryptocurrency and Bitcoin, you are probably familiar with Satoshi Nakamoto's name. Although infamous, to this day, no one is 100% certain of the identity of Nakamoto and whether he is a person or an organisation of developers.
Since it is a fascinating enigma, Phil Champagne recorded his thoughts into something tremendous and published The Book of Satoshi. In this book, Champagne peers into the thought process of Nakamoto and why he might have created the first cryptocurrency, Bitcoin. In addition, Phil Campagne discusses blockchain and considers the past writings of Nakamoto that include the original concept of Bitcoin.
The Book of Satoshi covers 72 topics and mentions the original concept of Bitcoin, how it functions, and why it was created. The Book of Satoshi acts as an autobiography, history book, and informative Bitcoin guide; a must-read!
Cryptocurrency Investing for Dummies
Not that any of us are dummies perse, but how the Dummies series introduces new topics and subjects is nothing short of brilliant, and that couldn't be more true about the Cryptocurrency Investing for Dummies book.
Not only is Cryptocurrency Investing for Dummies an Amazon bestseller, but it is also a fantastic guide for first-time investors in crypto since there is information about the top 200 digital currencies in the 352 pages of the book. Written by Kiana Danial, the Cryptocurrency Investing for Dummies focuses on the following points:
- Understand how the cryptocurrency market works,
- Find best practices for choosing the right cryptocurrency,
- Explore new financial opportunities,
- Choose the right platforms to make the best investments.
Readers of the Dummies series of books might also be curious about purchasing cryptocurrency mining and blockchain technology books.
Also, before concluding this section, it's important to state that the four best cryptocurrency books mentioned in today's article may be purchased online and delivered to your door or downloaded electronically if you possess an e-reader such as the Kindle or Kobo.
Advice to Consider When Trading Cryptocurrency
Since it's quite an extensive sector with much to learn and pay attention to, amateur investors are wise to heed experienced ones when trading cryptocurrency. While there is money to be made trading and investing crypto, it is pretty volatile, and it's necessary to do your research to see a big payout.
However, it's worth stating that with an overabundance of misguiding information about cryptocurrencies and investing, amateur traders might not know where to look for advice. Have no fear; Superprof is here to save the day!
The following are a few things to keep in mind before beginning to invest your hard-earned cash in cryptocurrencies:
- Use a Crypto Wallet: an ingenious method to ensure that your cryptocurrency is well-protected is storing your coins in a secure digital or hardware wallet. Leaving your cryptocurrency on a trading platform makes it much more susceptible to the attacks of hackers. The most commonly used crypto wallets are digital; however, a physical hardware wallet such as a ledger device is sometimes used.
- Practice Cyber Safety: protect your cryptocurrency coins and investments in the same way you save your money on banking websites. Why's that? Well, as is the case with actual money, many hackers would love to get their hands on digital currency. So, protect yourself from cybersecurity threats by regularly changing your password and using difficult ones that are complicated to guess.
- Beware of Transaction Fees: before investing or trading in crypto, many persons might not be aware that every transaction of cryptocurrency carries transaction fees. When moving coins from your wallet to a trading platform, you pay a small transaction fee for doing so. The costs are very minimal; however, they are worth keeping track of.
- You Might Have to Pay Taxes: while it is a great thing to make money off your cryptocurrency investments, the capital gains that you make from your profits are taxable. Therefore, it's essential to keep track of your cryptocurrency losses and gains so that you can determine a realistic number come tax season. In addition, keeping track of how much money you invest and trading on cryptocurrency is a brilliant idea to avoid any surprises throughout the year.
By following the previously mentioned tips, beginner investors will protect themselves from stupid mistakes when investing in volatile cryptocurrency.
In conclusion, whether you are an avid reader or not, the suggested books in today's article are enjoyable reads that will provide you with all information you need to know more about cryptocurrency and how to invest in it. Enjoy your reading sessions!
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