Crypto for Beginners: A Simple Non-Technical Guide on the Blockchain Revolution and Crypto Investing for Creating Multi-Generational Wealth



CategoryWealth Management
Crypto for Beginners: A Simple Non-Technical Guide on the Blockchain Revolution and Crypto Investing for Creating Multi-Generational Wealth
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Customer Reviews
Reviews sourced from verified Amazon purchasers4.6
out of 5
Based on 10 reviews
5★
90%
4★
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Only lacks the caveat emptor.
LWhit✓ Verified Purchase•October 15, 2023
This is an excellent reference for understanding and buying crypto. My only difference with the author is when he states that crypto is just like any other investment with regard to risk. This is just not the case. Most investments (real estate, gold, stocks, bonds, etc.) have intrinsic value making it highly unlikely they will ever be worth zero. Crypto, as has been shown many times, can lose all of its value overnight.
Highly Recommend!
Karen Probst✓ Verified Purchase•October 10, 2023
This comprehensive guide to cryptocurrencies is a must-read for anyone who is looking to understand and invest in this rapidly growing world. Written in an easy-to-follow and engaging style, the book simplifies complex concepts and provides a comprehensive overview of the fundamentals of cryptocurrencies. From blockchain technology to trading and taxes, this guide covers it all, making it a valuable resource for both new and experienced investors. The author's proven strategies for safeguarding investments and maximizing gains are especially helpful for those who are new to the crypto space. Overall, this guide is a highly informative and practical resource that will help you navigate the world of cryptocurrencies with confidence, and build wealth for a better future. I highly recommend it with 5 stars!
Well worth reading
Paul Lappen✓ Verified Purchase•September 30, 2023
Cryptocurrency is the newest way to make (or lose) money very quickly. This book gives an introduction.
The first thing to do is create a crypto wallet. It is where you will store your currency, and it is also required. The book explains the process, step by step. You will be asked for a password of random letters and numbers, and a secret phrase. It is imperative that you keep them in a safe place, like on a flash drive, or on a piece of paper in a safe deposit box. Lose your password, or your secret phrase, and your crypto riches are gone, forever. There is no re-setting your password.
There are hundreds of currencies available, with more created every day. Which one do you invest in? It's called "research." You wouldn't buy shares in a company just because you like their commercials. Don't invest in a currency just because it's the most popular, or the cheapest. Are you a short- or long-term investor? Don't invest more than you are prepared to lose. Don't panic if the price suddenly drops by a lot.
Crypto scams are everywhere. Don't give your password, or secret phrase, to anyone. The IRS wants their portion of your riches, so don't forget about them. Cryptocurrency losses are tax deductible. Many exchanges offer trading accounts on paper, so you can learn the process before spending real money.
This book does an excellent job at taking the reader through the process, one step at a time. Keep this book nearby during your journey through the world of cryptocurrency. It is well worth reading.
The first thing to do is create a crypto wallet. It is where you will store your currency, and it is also required. The book explains the process, step by step. You will be asked for a password of random letters and numbers, and a secret phrase. It is imperative that you keep them in a safe place, like on a flash drive, or on a piece of paper in a safe deposit box. Lose your password, or your secret phrase, and your crypto riches are gone, forever. There is no re-setting your password.
There are hundreds of currencies available, with more created every day. Which one do you invest in? It's called "research." You wouldn't buy shares in a company just because you like their commercials. Don't invest in a currency just because it's the most popular, or the cheapest. Are you a short- or long-term investor? Don't invest more than you are prepared to lose. Don't panic if the price suddenly drops by a lot.
Crypto scams are everywhere. Don't give your password, or secret phrase, to anyone. The IRS wants their portion of your riches, so don't forget about them. Cryptocurrency losses are tax deductible. Many exchanges offer trading accounts on paper, so you can learn the process before spending real money.
This book does an excellent job at taking the reader through the process, one step at a time. Keep this book nearby during your journey through the world of cryptocurrency. It is well worth reading.
Very good info!
Kirk Teachout✓ Verified Purchase•September 29, 2023
I've been in crypto for a while but Hudson has done a great job hitting points that a lot of people miss! I even learn several things that I had never thought about before.
A perfect guide for building wealth with crypto
Bogdan Ivanov✓ Verified Purchase•September 25, 2023
This book is an invaluable resource for anyone interested in learning about the world of crypto currency and investing in it. It covers all the basics, from understanding the technology behind crypto, to choosing the right platform for your investments. It also delves into more advanced topics such as blockchain, mining and security. With helpful diagrams and easy to understand explanations, you'll be able to get a good handle on the basics of crypto and investing in no time. It also includes valuable tips and advice from experienced investors, so you can make sure your investments are as safe and profitable as possible. So if you're looking for a comprehensive guide to crypto currency and investing, this book is the perfect place to start.
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