book

Cryptocurrency Investing For Dummies

by Kiana Danial

March 2019

Intermediate to advanced

352 pages

8h 24m

English

For Dummies

Audiobook available

Read now

Unlock full access

About This BookFoolish AssumptionsIcons Used in This BookBeyond the BookWhere to Go from Here
Beginning with the Basics of CryptocurrenciesGearing Up to Make TransactionsMaking a Plan Before You Jump In
Diversifying from Traditional InvestmentsGaining Capital AppreciationIncreasing Income PotentialFueling Ideological Empowerment
Reviewing Cryptocurrency ReturnsRisk: Flipping the Other Side of the CoinGlimpsing Cryptocurrencies’ Reward versus RiskDigging into Different Kinds of RiskExploring Risk Management Methods
Breaking Down Blockchain Technology BasicsPerusing Problems with BlockchainWhat Can Blockchain Be Used for?
Explaining Basic Terms in the Cryptocurrency ProcessCruising through Other Important Crypto ConceptsStick a Fork in It: Digging into Cryptocurrency Forks
Distinguishing Crypto ExchangesConsidering BrokersLooking at Other Methods for Buying Cryptos

Defining Cryptocurrency WalletsLooking at Different Types of WalletsChoosing a Crypto WalletKeeping Your Wallet Secure
Celebrating Celebrity Cryptocurrencies by Market CapCryptocurrencies by Category
Introducing the Invest Diva Diamond AnalysisUsing Fundamental Analysis to Pick CryptocurrenciesChoosing Cryptos with Sentimental AnalysisTrying Technical Analysis to Select Cryptos
Breaking Down Some Basics on DiversificationUsing Cryptocurrencies in Long-Term DiversificationTackling Diversification in Short-Term Trades
Understanding the Basics of Initial Coin OfferingsInvesting in an ICOSo You Want to Start an ICO: Launching an ICO Yourself
Understanding How Mining Works in a NutshellDiscovering What You Need to Mine
Looking for Stocks with Exposure to CryptosConsidering Cryptocurrency and Blockchain ETFs
Focusing on the Fundamentals of FuturesIntroducing the Basics of OptionsUnderstanding Cryptocurrency Derivatives Trading
Considering the World’s Reserve Currency: The U.S. DollarExamining the Euro and Other Major CurrenciesComparing the Forex Market and the Crypto Market
Beginning with the Basics of Technical AnalysisSpotting the Key LevelsPicking Out Patterns on a ChartSmoothing Charts Out with Moving Averages
Distinguishing Three Short-Term Time FramesTrying Short-Term Analysis MethodsManaging Short-Term Trading Risk
Time Is on Your Side: Getting Started with Long-Term InvestingCreating Long-Term StrategiesConsidering Limit and Stop-Loss Orders
Keeping the Losses DownLetting the Profits Rise
Getting a Handle on Ichimoku Kinko HyoIntroducing Fibonacci Retracement LevelsCombining Ichimoku and Fibonacci Techniques
Distinguishing Three Types of Crypto TaxesMinimizing Your Crypto TaxesEvaluating Taxable Income from Crypto Transactions
Don’t Get Too ExcitedMeasure Your Risk ToleranceProtect Your Crypto WalletFind the Best Crypto Exchange/Broker for YouDetermine Whether You Should Invest Short Term or Long TermStart SmallFollow the CauseMull Over MiningLook into Investing in Other Assets FirstGet a Support Group
Do NothingReevaluate Your Risk ToleranceLook at the Big PictureResearch the Fundamental Reasons the Crypto Is DownConsider HedgingDiversify within Crypto AssetsDiversify across Other Financial AssetsExchange with a Better CryptoThink about Adding to Your Current PositionContemplate Cutting Losses
New Cryptos on the BlockFinding Economic DataRegulationsHackersBubblesA Down MarketNew Currencies and ProjectsDiversificationFalling in Love with a CryptoUsing Invest Diva Diamond Analysis
Exploring Top CryptocurrenciesCryptocurrency Information WebsitesCryptocurrency Marketplaces and WalletsCharting and Tax Resources
Making Your Money Work for You MasterClassTaking a Look at Textual Investment Resources

Content preview from Cryptocurrency Investing For Dummies

Index

Numerics

2FA (two-factor authentication), 84, 106

30-minute charts, 224

A

Accenture, 174
ADA (Cardano cryptocurrency), 118
adaptive scaling, 69
addresses, crypto wallet, 93, 96–97, 105
Advanced Micro Devices (AMD), 175, 180
aggressive trading. See short-term trading
airdrops, 161
all-time high (ATH), 38
altcoins, 9, 35. See also names of specific altcoins
AlternativeTo, 299
Amazon, 180
AMBCrypto, 280, 296
AMD (Advanced Micro Devices), 175, 180
AML (Anti-Money Laundering) regulations, 154
Amplify Transformational Data Shearing ETF (BLOK), 179–180
AnandTech, 175
anonymity
- cryptography, 65
- as key feature, 11
- privacy cryptos, 48, 121
- wallets based on, 104–105
Anti-Money Laundering (AML) regulations, 154
Apple Pay, 12, 98
application-specific integrated circuits (ASICs), 167
Ark cryptocurrency (ARK), 29, 122
Armory wallet, 98
asymmetric encryption, 65
ATH (all-time high), 38
ATMs, purchasing cryptos through, 93
atomic swaps, 81
Australian dollar, 196, 198
Authenticator app, 59
automated trading algorithms, 40
AVATrade, 196, 300

B

backing up wallets, 105
backup seed phrase, 98
bag holders, 38
Bancor cryptocurrency (BNT), 123
bar charts, 207–208
bartering, 23
base currency, 142, 144
BCH (Bitcoin Cash cryptocurrency), 74, 118, 195
bearish reversals
- chart patterns, 214–215
  - defined, 247
  - double top, 214
  - head and shoulders, 214
  - saucer top, 214
- stocks with crypto exposure, 177
bearish sentiment, 127
Benzinga Pro, 138, 175, 189, 262, 280, 298
Bibox Token cryptocurrency ...