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Cryptocurrency Investing Bible: The Ultimate Guide About Blockchain, Mining, Trading, ICO, Ethereum Platform, Exchanges, Top Cryptocurrencies for Investing and Perfect Strategies to Make Money Paperback – November 13, 2017
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“Let’s say you read in the news that Bitcoin prices will fall and then rise again. It’s time for you to invest.”
What? That's your advice about when to invest?
“The perfect investment strategy… take on a few strategies that interest you, mix them up, and start making profit that way.”
Yes, that is the perfect investment strategy that this book ultimates leads to.
I can only imagine the 4 and 5 star ratings are from absolute beginners who've never invested in anything but heard about Bitcoin from a friend and are grasping for straws to understand it. If you know anything about business or investing, you will be mindblown by the incoherence of this book.
It’s a good book for someone serious about entering the space. Norman provides an overview of every aspect of the space: mining, trading, ICOs, etc.
My only criticism is that when Norman writes about the economic underpinnings of the market, ie the broad trends contributing to the rise of cryptocurrencies, he could have elaborated more.
The strongest point of the book is a tutorial on how to trade and speculate with cryptocurrencies.
The topic of Bitcoin mining is inherently confusing so as to seem a bit like science fiction; I will give him that. But this is exactly why a professional writer and editor are needed to produce such a book. It's a real skill to explain such outlandish topics in such a way that the general public can understand them and this book falls short. In the end, I have no intent of Bitcoin mining, but it would be nice to understand the concept a bit more. Did I learn anything? Yes, it did raise my understanding of different exchanges and alt coins and for what it's worth, the author's opinions on which are the best to use are a good starting point for me. On the other hand, topics like technical trading are treated so lightly as to be not much better than a quick internet search. His numerical examples are just thrown out there as obvious in themselves and it's just not the case - they didn't clarify a thing. I don't feel that bad about spending the money on this book. I feel bad about spending the few hours of my life that could be been spent on a more expensive and professionally published book on the same topics.