Bitcoin Investing: An Introduction to Cryptocurrency and How to Invest in Bitcoin: Cryptocurrency Revolution, #5

By Anthony Heston

Would you like to have a new passive income stream that makes money while you sleep?

Most people haven't realized the global economy shifting power that cryptocurrencies have, while smart investors have been following them closely for a while now. 

We've all heard about how Bitcoin shocked the world by skyrocketing in value over a short period of time.
 

Making safe digital investments has never been so approachable.

You don't have to be a financial expert and it doesn't matter if you're a first-time investor. Cryptocurrencies are known for being very approachable. 

Long-term, steady income streams are a possibility for those that know how to navigate the seas of digital currencies.
 

Here's some of what you can expect to learn inside the pages of this book:

• Discover the common mistakes make first-time cryptocurrency investors quit fairly quickly.
• Learn how to make an investment plan and easily assess how much you're able to spend.
• Learn which storing options are most effective, so that you avoid losing thousands due to unexpected security breaches.
• The best options available to safely purchase digital currency without risk.
• How to make your income streams 'future proof' and make them last for years to come.

Other than following the advice inside this guide, no previous skill or specific knowledge is required to start investing in Bitcoin.

Easier than Forex. Less of a barrier of entry than most investment options out there.

Are you ready to create new steady streams of income into your life?
 

It's time to jump onboard one of the greatest investment opportunities of this century. Start by scrolling up and clicking the BUY NOW button at the top of this page!

• Language: English
• Publisher: Anthony Heston
• Release date: Dec 17, 2017
• ISBN: 9781386208433

Book preview

Introduction

Cryptocurrency has been growing in popularity as one of the leading forms of payment online. One of its biggest strengths is that it offers users the possibility of making online purchases without the need to divulge one’s financial information.

The value of cryptocurrency has been steadily increasing ever since Bitcoin was released back in 2009. The establishment of this new international currency gave investors a once in a lifetime opportunity to earn big.

You are not alone in your interest for investing in cryptocurrency. In 2017 alone, we’ve seen the biggest rise in the value of Bitcoin. Cryptocurrencies are the future. Huge economic shifts are expected at a global scale in the next years as they increase to grow in popularity and acceptance.

In this book, we will discuss important information that anyone interested on investing in digital currencies should be well aware of. We will discuss how they work and how to avoid common mistakes that first time investors make. We will also discuss why cryptocurrencies like Bitcoin are not just fads and still have a long future ahead of them. You’ll learn about safety protocols and how the peer-to-peer currency network works.

By the end of this book, you’ll feel very confident on the topic and will have all the tools at your disposal necessary to start creating a long-lasting and potentially passive source of income.

Thank you and have fun learning!

© Copyright 2017 by Anthony Heston - All rights reserved.

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Chapter 1 – All about Cryptocurrencies

Investing in cryptocurrencies is a new concept in the investment market. Most investment gurus will persuade you to avoid investing in such a new investment vehicle. That’s because most of them do not fully understand how the cryptocurrency networks work and their enormous potential they have in the next years.

These same gurus usually share this important piece of advice: that one should avoid investment assets that one does not understand. Because of this, before thinking about starting your investment journey, you should be well aware of what cryptocurrencies are, how they work, and know about their strengths and weaknesses. 

What are cryptocurrencies?

Cryptocurrencies are forms of money available online. They are used as a medium for exchange among buyers and sellers online. In this book however, we will be mainly looking at cryptocurrencies as another vehicle for investing.

How do they work?

Cryptocurrencies are digital currencies used by some people online to make transactions. Each person who is using cryptocurrencies has a ledger. This ledger stores information about the accounts of all the other users of the cryptocurrency. Every time a transaction is made, the cryptocurrency ledger is updated and all its users. In simple terms, the ledger is just a database where all the account numbers and transactions made in the past are located.

This system of ledgers is the basic form of all cryptocurrencies. As long as there’s people using the digital currency, it will continue to exist and be of value.

A way in which cryptocurrencies are unique is because they are not controlled by any government. Because of this, its value cannot be adjusted through restrictive policies.

Restrictions of traditional currencies

Let us start by discussing the restrictions of the United States Dollar. Be aware that many of the same principles can be applied to most of the traditional types of currency.

With the dollar, the central bank and government work together to keep its value at optimum levels. When the value of the dollar becomes lower compared to that of the Euro for example, it will take more dollars for the country to buy goods and services from the European countries. On the other hand, if the value of the dollar also becomes too strong compared to the Euro, it may become disadvantageous for European countries to deal with the United States. They may lower their imports from since they will be needing more euros to get the same products or services than before.

Because of this, governments try to influence the value of the dollar. In general, they want to keep it within the optimum level that is beneficial to all its trading partners.

If you are trading traditional money, your strategy is immensely dependent on this system. By learning the goals of each country, you are able to know about their policies and how these policies can affect you.

The worst case scenario for traditional currencies happens when a government fails. The government is responsible for controlling the value of the currency and reinforcing it as well. If the government becomes a failed state, their currency may be replaced by a new one. In this case the old currency will lose its value.

Traditional currencies are also inconvenient to use in international trade. When a person wants to purchase products or services from an online store based on a foreign country,  they need to have access to the currency of the said country. Services like PayPal have made the process possible, but it is still highly inconvenient for most.

Also, both buyers and sellers are heavily affected by the fluctuations in the value of the currency. If an online store in the US wants to sell to international buyers, its owners should be concerned with the changes in the value of the dollar in relation to other major currencies. 

An online shop’s success in a region will also be limited by the number of people who have credit cards. Right now, people with no credit or debit cards are limited in options when making transactions in the internet.

In addition, both buyers and sellers need to expose their financial information online internet just to process a transaction. With so