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The ultimate guide to the world of cryptocurrencies!
While the cryptocurrency market is known for its volatility―and this volatility is often linked to the ever-changing regulatory environment of the industry―the entire cryptocurrency market is expected to reach a total value of $1 trillion this year. If you want to get in on the action, this book shows you how.
Cryptocurrency Investing For Dummies offers trusted guidance on how to make money trading and investing in the top 200 digital currencies, no matter what the market sentiment. You’ll find out how to navigate the new digital finance landscape and choose the right cryptocurrency for different situations with the help of real-world examples that show you how to maximize your cryptocurrency wallet.
Understand how the cryptocurrency market worksFind best practices for choosing the right cryptocurrencyExplore new financial opportunitiesChoose the right platforms to make the best investments
This book explores the hot topics and market moving events affecting cryptocurrency prices and shows you how to develop the smartest investment strategies based on your unique risk tolerance.
From the Publisher
Six Questions with Kiana Danial
What are cryptocurrencies?
Cryptocurrencies are a form of digital asset that are secured by cryptography. The biggest name in cryptocurrency is Bitcoin. However, there are thousands of other cryptocurrencies that have their own unique characteristics and are spread across many different crypto categories.
Why are cryptocurrencies so popular?
Cryptocurrencies first became popular thanks to the original crypto asset, Bitcoin. A defining feature of Bitcoin is that it is not issued by a centralized authority and is fully decentralized. This means no government or centralized entity can interfere or manipulate it. Many other cryptocurrencies other also decentralized contributing to their popularity.
Why invest in cryptocurrencies?
There are different reasons to consider investing in cryptocurrency. First and foremost is diversification from traditional asset classes and exposing your portfolio to a new form of capital gains.
What is a crypto wallet?
A crypto wallet is a device or a service that stores your private cryptocurrency keys, keeping them safe. You can use your crypto wallet to store and retrieve your digital assets. There are different types of crypto wallets you can choose from depending on your financial goals, risk tolerance, and investment strategy.
How do I protect myself?
1. Educate yourself and fully understand the fundamental value of the crypto assets you are planning to invest in
2. Know your risk tolerance and only invest in cryptocurrency if it matches your risk tolerance
3. Ignore hype and FOMO and stick to your strategy
4. Get yourself a secure crypto wallet
5. Don’t invest the money you can’t afford to lose
What are the current cryptocurrency prices?
Cryptocurrency prices change on an hourly basis and investors often seek information from popular websites, media outlets and popular apps.
About the author Kiana Danial
Kiana Danial, author of Cryptocurrency Investing For Dummies is an award-winning, internationally recognized personal investing and wealth management expert. She is a highly sought-after professional speaker, author and executive coach who delivers inspirational workshops and seminars to corporations, universities, and entrepreneurial groups. She is a frequent expert on many TV and radio stations and has reported on the financial markets directly from the floor of NYSE and NASDAQ. She has been featured in The Wall Street Journal, TIME Magazine, CNN, Forbes, The Street, and numerous other publications. As the CEO of Invest Diva, Danial’s goal is to help you create an investment strategy that’s unique to you.
Publisher : For Dummies; 1st edition (March 6, 2019)
Language : English
Paperback : 352 pages
ISBN-10 : 1119533031
ISBN-13 : 978-1119533030
Item Weight : 9.5 ounces
Dimensions : 7.3 x 0.9 x 9.1 inches
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