Happiness in Bitcoin

By Marcin Dymiński

Discover the secrets of the future of finance! Dive into the fascinating world of cryptocurrencies with a book about Bitcoin. This extraordinary publication will take you on a journey through the history of the most revolutionary digital currency, uncovering the secrets of its technology and potential. Learn why Bitcoin is a phenomenon that is reshaping the face of global finance and how you can benefit from its potential. Whether you are an experienced investor or just beginning your journey with cryptocurrencies, this book will be your invaluable guide to the world of Bitcoin. Uncover its secrets and reach the summit of the financial revolution today!

• Language: English
• Publisher: Marcin Dymiński
• Release date: Apr 24, 2024
• ISBN: 9788396854117

Book preview

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Copyright © 2024 Marcin Dymiński All rights reserved. No part of this book may be reproduced or used in any manner without the prior written permission of the copyright owner, except for the use of brief quotations in a book review.

Cover by: Piotr Przybytek

Edited by: Piotr Przybytek

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Contents

Introduction

5

Most Important Names

7

Why Didn’t You Buy Bitcoin?

12

Why Is It Worth Investing?

28

Exchange Platform Selection

43

Strategy

46

Strategy Dollar-Cost Averaging (DCA)

55

The Impact of Halving Events on

The Bitcoin Market

56

Side Effects of Halving

57

Two Helpful Tools in Market Evaluation

60

Who Are The Whales?

61

Investor Mistakes

64

Other Factors Influencing The BTC Price

67

Security

71

For Business

81

Game Over

85

Legal disclaimer

86

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Introduction

Few words about me. I have been interested in the financial market, specifically the stock market, for over 30 years, ever since watching the first part of the movie 'Wall Street'.

I was immediately fascinated by stock trading, company analysis, and the potential for earning through investing. But you are more interested in Bitcoin, aren't you? Some behaviors in the stock market are similar to those in the crypto market.

I first heard about Bitcoin in 2012; my teenage nephew was already trading it on his mother's account. At that time, 1 BTC was valued at $12.5, not thousands of dollars. Of course, I didn't buy any; I treated it as some suspicious digital product, certainly not as an investment asset. I believed that it was here now but would disappear later, and I held onto that belief for another 5 years. My lack of interest in cryptocurrencies was due to two aspects. Firstly, I was already actively involved in the stock market, which was my main investment market.

Secondly, the lack of proper knowledge on my part, there was even willingness, but if the information ci-rculating on the internet is disorganized and fragme-nted, then I get lost and refrain from investing. That's why I thank you and at the same time congratulate you for purchasing that publication and for educating yourself.

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7

Most Important Names

1. Bitcoin: This is the first and most popular cryptocurrency, created by a person or group of people known as Satoshi Nakamoto in 2008. Bitcoin is often referred to as digital gold and operates on a decen-tralized blockchain network.

2. Blockchain: This is the technology that forms the basis for Bitcoin (as well as many other cryptocurrencies). Blockchain is a distributed, immutable ledger of transactions that is stored on multiple computers (called nodes) worldwide.

3. Bitcoin Mining: The process of extracting new Bitcoins by solving complex mathematical computa-tions. Bitcoin mines are data centers where speciali-ized computer hardware is used for this purpose.

4. Bitcoin Wallet: This is a place where you can store your Bitcoins. Wallets can be online (e.g., cryptocurrency exchanges) and offline (e.g., hardware wallets), each with its own advantages and disadvantages.

5. Public Key: This is the address of a cryptocurrency wallet. It can be compared to an email address or a bank account number. Through it, users can identify themselves on the blockchain network and receive payments; it enables the verification of digital signa-tures of transactions.

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It is a long string of alphanumeric characters.

Example: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa 6. Private Key: This is simply the password to your email or the PIN to your bank account. It is a randomly generated, unique, and secret number, often stored in hexadecimal code. The key allows the user to control their account. Protect it like nothing else.

7. Bitcoin Transaction: Sending Bitcoins from one wallet to another. Transactions are recorded on the blockchain and are irreversible, meaning once confi-rmed, they cannot be reversed.

8. Satoshi Nakamoto is