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Books > Health, Home & Family > Self-help & practical interests > Personal finance
Crypto is red-hot right now.
Media outlets are giving crypto unprecedented airtime while the general
public has been captivated by the staggering price rises seen across
the board. When measured in US dollar terms, Bitcoin ballooned by over
10 times in the 2017 calendar year alone.
Beyond the tremendous increases in value, crypto has received so much
attention because of the challenging questions it raises about money
and the role of central authorities such as banks and governments -
roles which were taken for granted in the past.Before the start of the
crypto revolution, government-issued banknotes and coins seemed to be
the only conceivable forms of money. We had never known any other way
in our lifetime, nor in that of our parents.
Fast-forward to today, and many members of the crypto community
ardently believe that crypto is destined to replace government-issued
money, just as the personal computer replaced the typewriter. If this
vision is even halfright, the implications are hard to overstate. At
the very least, crypto promises to substantially weaken the monopoly
power of centralized institutions.
But these are still early days for crypto. And most members of the
public find crypto to be, well, cryptic. As United States Senator
Thomas Carper said: "Virtual currencies, perhaps most notably Bitcoin,
have captured the imagination of some, struck fear among others, and
confused the heck out of the rest of us."1 Perhaps some readers can
relate to that sentiment.
Truthfully, few people have an accurate understanding of how crypto
works, and many are highly skeptical. The Crypto Intro has been written
to explain everything and respond to the tough crypto questions.But we
may be getting ahead of ourselves. Before taking a look at how crypto
functions, let's make sure we understand what we're talking about.
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Most people were not familiar with Bitcoin when it was initially
released in the year 2009. But as of now, Bitcoin is the most popular
type of cryptocurrency available in the world. This decentralized
digital currency gained a lot of value over the years and increased a
lot in value compared to its value in the beginning.
Most people still are confused about the concepts of Blockchain,
Cryptocurrency, and specifically Bitcoin. Even though some people are
enthusiastic to know everything about Bitcoin, they find it hard
because of the comprehensive terminology used by experts to describe
it.For example, let us say that Bitcoin is a form of cryptocurrency
that has been verified by network nodes with the help of cryptography
and is recorded in a public ledger known as a blockchain. You might
find it extremely hard to understand.
This book is a simple, easy and fast way to understand digital
currency. Bitcoin is all the rage now but there is so much mystery
behind it. Want to get to know what this is all about? This book has it
all. You get a beginners guide to Bitcoin and cryptocurrency. No longer
will the terms Blockchain, Mining, and Satoshi confuse you.
Are you new to the cryptocurrency market and wondering how to make
money through Bitcoin trading? Don't worry, this tutorial will teach
you stepby-step how to trade Bitcoin and can be applied to other
cryptocurrencies as well.
Bitcoin Trading is a comprehensive and beginner-friendly guide for
those who want to venture into cryptocurrency trading.
This tutorial will teach readers how to read charts and determine when
to buy or sell by using technical analysis tools. Readers will also
know which strategies to use to boost their Bitcoin profits and how to
take advantage of Bull and Bear markets.
This book seeks to present the importance of household financial
management using academic research and case studies. Covering all
aspects of household financial management throughout their
lifecycle, each chapter is devoted to a central topic such as
digital payments, equity investments, and retirement planning.In
each chapter, readers are presented with economic concepts and
theories in an accessible way and are shown how they can benefit
from it. For instance, the book examines how different markets
work, including the credit markets, insurance markets and housing
markets. With an understanding of how these markets work, readers
can make a more informed decision with the use of financial
instruments and markets.The book further highlights puzzles in
household finance that examine how households make sub-optimal
decisions. Through evidence-based research, this can be attributed
to different cognitive and behavioral biases, as well as a lack of
financial literacy. With the use of real-life examples, readers
would be exposed to the different mistakes made by households, such
as the credit card debt puzzle and stock market participation
puzzle.By integrating theories and empirical evidence from
economics and finance, this book informs households on what they
should do to avoid common pitfalls in managing their finances.
This book seeks to present the importance of household financial
management using academic research and case studies. Covering all
aspects of household financial management throughout their
lifecycle, each chapter is devoted to a central topic such as
digital payments, equity investments, and retirement planning.In
each chapter, readers are presented with economic concepts and
theories in an accessible way and are shown how they can benefit
from it. For instance, the book examines how different markets
work, including the credit markets, insurance markets and housing
markets. With an understanding of how these markets work, readers
can make a more informed decision with the use of financial
instruments and markets.The book further highlights puzzles in
household finance that examine how households make sub-optimal
decisions. Through evidence-based research, this can be attributed
to different cognitive and behavioral biases, as well as a lack of
financial literacy. With the use of real-life examples, readers
would be exposed to the different mistakes made by households, such
as the credit card debt puzzle and stock market participation
puzzle.By integrating theories and empirical evidence from
economics and finance, this book informs households on what they
should do to avoid common pitfalls in managing their finances.
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