Our lives are becoming more and more digital everyday. This is true for money as much as anything else.
In 2017, cryptocurrencies have moved from something a small-dedicated group of people paid attention to into a much larger public view. As with any new society changing technological advance there are investment opportunities that can and will make a fortune. There are also even more ways to lose any money invested just as in “.com” boom of the late 1990s.
Ben Bernanke, Chairman of the Federal Reserve said “[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” While Warren Buffett, CEO, Berkshire Hathaway said “Stay away from it. It’s a mirage, basically.” Whose right? Actually, both.
There will be dominant winners like Amazon, Facebook and Google in the internet space in the cryptocurrency market. There will also be many more eToys, Pets.com and webVan’s — companies that raised hundreds of millions of dollars during the late 1990s and went bust within a few years.
This book provides a broad view of the cryptocurrency market that includes Bitcoin and goes far beyond it. What most people don’t realize is there are three sectors in the cryptocurrency market today. The three sectors are 1) cryptocurrency as currency; 2) platforms that enable software developers to build app like functionality in purpose built cryptocurrencies; 3) purpose built cryptocurrencies meant to better address the needs of business or consumer use cases better then traditional currencies do today.
This book provides the history, vocabulary, and essential information you need to understand the 30+ leading cryptocurrencies today. In addition, the investment strategies that the smartest investors in the world use are described and how they can be applied to the cryptocurrency market today.
In other words, massive opportunities and massive risks exist in investing in cryptocurrencies. Read and tread carefully. Ensure you and yours invest wisely. Remember the only constant in the world is change.
If you are used to receiving a valued precious metal, or livestock, or food and instead are now offered a piece of paper that has no intrinsic value beyond the issuing government’s backing and society’s acceptance; this requires a complete shift in how one thinks about money. This is similar to what is happening today with the initial introduction of cryptocurrencies.
