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    The Definitive Guide To Mastering Bitcoin & Cryptocurrencies: Trade And Invest Cryptocurrencies With Confidence
    The Definitive Guide To Mastering Bitcoin & Cryptocurrencies: Trade And Invest Cryptocurrencies With Confidence
    The Definitive Guide To Mastering Bitcoin & Cryptocurrencies: Trade And Invest Cryptocurrencies With Confidence
    Ebook51 pages35 minutes

    The Definitive Guide To Mastering Bitcoin & Cryptocurrencies: Trade And Invest Cryptocurrencies With Confidence

    By Wayne Walker

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    About this ebook

    In The Definitive Guide to Mastering Bitcoin and Cryptocurrencies, acclaimed Investment author Wayne Walker offers proven and very profitable methods that he has taught to elite business students at Copenhagen Business School and Nanjing University. Wayne can teach anyone how to trade Bitcoin and other cryptocurrency coins like Ethereum, regardless of prior Bitcoin investing experience or familiarity with cryptocurrency.


    You will discover in simple step by step instructions, how to profitably trade and invest Bitcoin. The pages are filled with updated profit strategies from the author's own tested crypto trading techniques.


    You will also access tips from the cryptocurrency industry recognized GCMS Bitcoin & Cryptocurrency course.

    LanguageEnglish
    PublisherPublishdrive
    Release dateFeb 1, 2018
    Author

    Wayne Walker

    Wayne is known for the success that his students and readers of his books have. He is a trader trainer, coach and entrepreneur in demand. From his base in Copenhagen, this demand has led to trader training & speaking engagements in the United States, China, Jamaica, Norway, United Kingdom, Sweden, etc. Prior to Europe, he was based in New York City. His books are used to teach some of the world's brightest for ex. at Copenhagen Business School & Nanjing University. *Read any 2 of his books and get a huge discount code towards any of his elearning courses! Send proof of purchase to info@gcmsonline.info  He is also a guest columnist to several financial magazines, for example CryptoCoin.news and in Spanish at Estrategias de Inversión. He has held several positions in investment banking including: Regional Manager for teams of Investment Advisors servicing North America & Middle East Regions (based in Denmark and London), Training Consultant to financial institutions. He also headed the Trader Training program at a leading investment bank. 

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      Book preview

      The Definitive Guide To Mastering Bitcoin & Cryptocurrencies - Wayne Walker

      Vocabulary

      Introduction

      Congratulations on your personal copy of The Definitive Guide to Mastering Bitcoin & Cryptocurrencies. We begin our journey away from the world of government issued currencies to cryptocurrencies. The first five chapters will give you a solid introduction to the cryptocurrency universe, where you will be introduced to a wide range of topics from blockchain to mining. You will also acquire a broad and deep understanding of the mechanics behind one of the most popular cryptocurrencies. The emphasis shifts in the remaining chapters to practical applications for trading. You will be introduced to trading strategies along with the know-how on how to apply them. You will also learn to exploit practical technical analysis indicators that can increase your money-making ability. This includes the often overlooked area of trader psychology. These sections are a bonus to traders of all types. Thanks for choosing this book!

      Note: Throughout the book the words digital, crypto and cryptocurrency will be used interchangeably.

      Chapter 1: What is Bitcoin (BTC)?

      Bitcoin is a decentralized digital currency (a digital asset). It’s not a stock, a tangible asset, or an actual coin. No government owns it. You can transfer money quickly without governments or banks for a low fee. In its base form it is a big spread sheet, a secure public ledger. Before money, there were ledgers. This is how primitive societies kept track of who had and did what. Cryptocurrencies, as many say, are a natural evolution in the history of money, from bartering, to coins, to paper money, to digital.

      Secure ?

      How secure is it? What if someone or some group hacked the ledger? Even if 40-49% were hacked, the majority would have the correct info (the ledger is decentralized). As long as the majority of the ledgers agree, the transaction is valid. If some entity tried for a 51% (majority) attack, you should be aware that an attack of this magnitude would require funds in the area of 500 million dollars to carry out. In addition, an attack of this size would be noticed relatively quickly by the network.

      Keys and Wallets

      There is a secret private key and a public verification key. The private key is what gives you access to your account. The public key is used to send or receive money, unless you have the private key you are unable to move a coin. Your wallet contains your private key. A Bitcoin wallet is loosely the equivalent of a physical wallet. Your wallet also shows your transactions on the ledger.

      Why Bitcoin (BTC)?

      Moving money or settling transactions is expensive and cumbersome. There are the obstacles of currency spreads, taxes, banking fees, and transaction days. The average foreign wire transfer fee in the United States and elsewhere is expensive. From corporate treasurers to the migrants who want to send money home to relatives, all dislike the traditional transfer fees. With Bitcoin, money can be moved for a nominal fee. This has the ability to assist billions of persons who do not have access to

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