Bitcoin is going wild, with a valuation that has gone from zero to higher than $6,000 in just four years. Altcoins are springing up like mushrooms; some will thrive and others will fade away. Blockchain is the new buzzword that everyone is excited about. It’s the dotcom bubble all over again, and if you can trade it and not blow your account up you can make a killing.
But cryptocurrencies are not the same as equities or bonds. They are their own ecosystem and they obey new rules that no-one fully understands. This means there is big risk in trading them – but also the chance of a big reward.
This book tells you everything you need to know about cryptocurrencies – what they are, how they work, and how you can make money from them. The author explains how Bitcoin exchanges and trading sites work and walks you through your first purchase of Bitcoins. He talks about trading different cryptocurrencies, market making, and the fundamentals of selecting a good coin to buy. He also covers mining cryptocoins, and for those that are interested in the technical aspect of cryptocurrencies and the blockchain he delves into the details behind them.
If you are interested in joining this exciting new area of investing and trading, this book will be an invaluable guide.
Clem Chambers is a freelance journalist covering global finance, economics and investing.
He is CEO of ADVFN, a global stocks and shares information website, author of the Amazon No.1 Bestseller 101 Ways to Pick Stock Market Winners and a Forbes and IET (Institute of Engineering and Technology) columnist. He has been nominated for PPA business columnist of the year 2016 and 2017 for his writing in the latter. In June 2017 he won silver in the Tabbie Awards for his Money and Markets column in E&T Magazine.
A broadcast and print media regular, Chambers is a familiar face and frequent guest presenter on CNBC and CNBC Europe. He has been a market commentator and guest on the BBC, Fox News, CNBC Arabia, Newsnight, Al Jazeera, CNN, SKY News, TF1, Canada's Business News Network and numerous US radio stations.
Clem has written investment columns for Wired Magazine, Business Mirror, Inversionista, Index Trader, Traders, Gulf News, YTE, RiskAFRICA and the Scotsman and has been a commentator for The Daily Mail, The Daily Telegraph, The Guardian, The Independent and The Daily Express.
Clem has written several books for ADVFN Books, including 101 Ways To Pick Stock Market Winners, A Beginner's Guide to Value Investing, The Death of Wealth, Be Rich and Letters to my Broker.
He is also a successful financial thriller writer, authoring The Twain Maxim, The Armageddon Trade, Kusanagi, The First Horseman and The Shrine. He has also written techno-thrillers set during the dawn of the internet, Dial Up for Murder and Log On for Crime.
Clem also writes for the ADVFN newspaper and has two premium newsletters: Diary of a Contrarian Investor and Building an Income Portfolio. He also co-writes a premium newsletter with Brokerman Dan: Jekyll & Hyde Share Tips.
