Cryptocurrency Investing For Dummies

Cryptocurrency Investing For Dummies

by Kiana Danial
Released March 2019
Publisher(s): For Dummies
ISBN: 9781119533030

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Book description

The ultimate guide to the world of cryptocurrencies!

While the cryptocurrency market is known for its volatility—and this volatility is often linked to the ever-changing regulatory environment of the industry—the entire cryptocurrency market is expected to reach a total value of $1 trillion this year. If you want to get in on the action, this book shows you how. 

Cryptocurrency Investing For Dummies offers trusted guidance on how to make money trading and investing in the top 200 digital currencies, no matter what the market sentiment. You'll find out how to navigate the new digital finance landscape and choose the right cryptocurrency for different situations with the help of real-world examples that show you how to maximize your cryptocurrency wallet.

  • Understand how the cryptocurrency market works
  • Find best practices for choosing the right cryptocurrency
  • Explore new financial opportunities
  • Choose the right platforms to make the best investments

This book explores the hot topics and market moving events affecting cryptocurrency prices and shows you how to develop the smartest investment strategies based on your unique risk tolerance. 

 

Table of contents

  1. Cover
  2. Introduction
    1. About This Book
    2. Foolish Assumptions
    3. Icons Used in This Book
    4. Beyond the Book
    5. Where to Go from Here
  3. Part 1: Getting Started with Cryptocurrency Investing
    1. Chapter 1: What Is a Cryptocurrency?
      1. Beginning with the Basics of Cryptocurrencies
      2. Gearing Up to Make Transactions
      3. Making a Plan Before You Jump In
    2. Chapter 2: Why Invest in Cryptocurrencies?
      1. Diversifying from Traditional Investments
      2. Gaining Capital Appreciation
      3. Increasing Income Potential
      4. Fueling Ideological Empowerment
    3. Chapter 3: Recognizing the Risks of Cryptocurrencies
      1. Reviewing Cryptocurrency Returns
      2. Risk: Flipping the Other Side of the Coin
      3. Glimpsing Cryptocurrencies’ Reward versus Risk
      4. Digging into Different Kinds of Risk
      5. Exploring Risk Management Methods
    4. Chapter 4: Looking Under the Hood: Blockchain Technology
      1. Breaking Down Blockchain Technology Basics
      2. Perusing Problems with Blockchain
      3. What Can Blockchain Be Used for?
    5. Chapter 5: How Cryptocurrencies Work
      1. Explaining Basic Terms in the Cryptocurrency Process
      2. Cruising through Other Important Crypto Concepts
      3. Stick a Fork in It: Digging into Cryptocurrency Forks
  4. Part 2: The Fundamentals of Investing in Cryptos
    1. Chapter 6: Cryptocurrency Exchanges and Brokers
      1. Distinguishing Crypto Exchanges
      2. Considering Brokers
      3. Looking at Other Methods for Buying Cryptos
    2. Chapter 7: Using Cryptocurrency Wallets
      1. Defining Cryptocurrency Wallets
      2. Looking at Different Types of Wallets
      3. Choosing a Crypto Wallet
      4. Keeping Your Wallet Secure
    3. Chapter 8: Different Types of Cryptocurrencies
      1. Celebrating Celebrity Cryptocurrencies by Market Cap
      2. Cryptocurrencies by Category
    4. Chapter 9: Identifying Top Performing Cryptocurrencies
      1. Introducing the Invest Diva Diamond Analysis
      2. Using Fundamental Analysis to Pick Cryptocurrencies
      3. Choosing Cryptos with Sentimental Analysis
      4. Trying Technical Analysis to Select Cryptos
    5. Chapter 10: Diversification in Cryptocurrencies
      1. Breaking Down Some Basics on Diversification
      2. Using Cryptocurrencies in Long-Term Diversification
      3. Tackling Diversification in Short-Term Trades
  5. Part 3: Alternatives to Cryptos
    1. Chapter 11: Getting Ahead of the Crowd: Investing in ICOs
      1. Understanding the Basics of Initial Coin Offerings
      2. Investing in an ICO
      3. So You Want to Start an ICO: Launching an ICO Yourself
    2. Chapter 12: Cryptocurrency Mining
      1. Understanding How Mining Works in a Nutshell
      2. Discovering What You Need to Mine
    3. Chapter 13: Stocks and Exchange Traded Funds with Cryptocurrency Exposure
      1. Looking for Stocks with Exposure to Cryptos
      2. Considering Cryptocurrency and Blockchain ETFs
    4. Chapter 14: Cryptocurrency Futures and Options
      1. Focusing on the Fundamentals of Futures
      2. Introducing the Basics of Options
      3. Understanding Cryptocurrency Derivatives Trading
    5. Chapter 15: Dealing with the Dollar and Other Fiat Currencies
      1. Considering the World’s Reserve Currency: The U.S. Dollar
      2. Examining the Euro and Other Major Currencies
      3. Comparing the Forex Market and the Crypto Market
  6. Part 4: Essential Crypto Strategies and Tactics
    1. Chapter 16: Using Technical Analysis
      1. Beginning with the Basics of Technical Analysis
      2. Spotting the Key Levels
      3. Picking Out Patterns on a Chart
      4. Smoothing Charts Out with Moving Averages
    2. Chapter 17: Short-Term Trading Strategies
      1. Distinguishing Three Short-Term Time Frames
      2. Trying Short-Term Analysis Methods
      3. Managing Short-Term Trading Risk
    3. Chapter 18: Long-Term Investing Strategies
      1. Time Is on Your Side: Getting Started with Long-Term Investing
      2. Creating Long-Term Strategies
      3. Considering Limit and Stop-Loss Orders
    4. Chapter 19: Minimizing Losses and Maximizing Gains
      1. Keeping the Losses Down
      2. Letting the Profits Rise
    5. Chapter 20: Using Ichimoku and Fibonacci Techniques
      1. Getting a Handle on Ichimoku Kinko Hyo
      2. Introducing Fibonacci Retracement Levels
      3. Combining Ichimoku and Fibonacci Techniques
    6. Chapter 21: Taxes and Cryptocurrencies
      1. Distinguishing Three Types of Crypto Taxes
      2. Minimizing Your Crypto Taxes
      3. Evaluating Taxable Income from Crypto Transactions
  7. Part 5: The Part of Tens
    1. Chapter 22: Ten Considerations Before Getting Started with Cryptocurrencies
      1. Don’t Get Too Excited
      2. Measure Your Risk Tolerance
      3. Protect Your Crypto Wallet
      4. Find the Best Crypto Exchange/Broker for You
      5. Determine Whether You Should Invest Short Term or Long Term
      6. Start Small
      7. Follow the Cause
      8. Mull Over Mining
      9. Look into Investing in Other Assets First
      10. Get a Support Group
    2. Chapter 23: Ten Possible Moves When Your Crypto Portfolio Is Down
      1. Do Nothing
      2. Reevaluate Your Risk Tolerance
      3. Look at the Big Picture
      4. Research the Fundamental Reasons the Crypto Is Down
      5. Consider Hedging
      6. Diversify within Crypto Assets
      7. Diversify across Other Financial Assets
      8. Exchange with a Better Crypto
      9. Think about Adding to Your Current Position
      10. Contemplate Cutting Losses
    3. Chapter 24: Ten Challenges and Opportunities for Crypto Investors
      1. New Cryptos on the Block
      2. Finding Economic Data
      3. Regulations
      4. Hackers
      5. Bubbles
      6. A Down Market
      7. New Currencies and Projects
      8. Diversification
      9. Falling in Love with a Crypto
      10. Using Invest Diva Diamond Analysis
  8. Part 6: Appendixes
    1. Appendix A: Resources for Cryptocurrency Investors
      1. Exploring Top Cryptocurrencies
      2. Cryptocurrency Information Websites
      3. Cryptocurrency Marketplaces and Wallets
      4. Charting and Tax Resources
    2. Appendix B: Resources for Personal Portfolio Management
      1. Making Your Money Work for You MasterClass
      2. Taking a Look at Textual Investment Resources
  9. Index
  10. About the Author
  11. Advertisement Page
  12. Connect with Dummies
  13. End User License Agreement

Product information

  • Title: Cryptocurrency Investing For Dummies
  • Author(s): Kiana Danial
  • Release date: March 2019
  • Publisher(s): For Dummies
  • ISBN: 9781119533030