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Cryptocurrency books offer some of the most straight-forward, organized, and thoughtful material for newcomers. If you are interested in investing in the cryptocurrency space, then it is important to find reliable sources to learn about the economics and fundamental technology behind crypto. This is why, in this article, we will be discussing the benefits of learning from cryptocurrency books for cryptocurrency investors, as well as the five books you need to read if you want to ride the cryptocurrency wave.
Cryptocurrency books offer some of the most straight-forward, organized, and thoughtful material for newcomers. If you are interested in investing in the cryptocurrency space, then it is important to find reliable sources to learn about the economics and fundamental technology behind crypto. This is why, in this article, we will be discussing the benefits of learning from cryptocurrency books for cryptocurrency investors, as well as the five books you need to read if you want to ride the cryptocurrency wave.
The beauty of books versus online articles is that there is arguably more thought put into them.
Why Read About Cryptos Before Investing?
The beauty of books versus online articles is that there is arguably more thought put into them. Books are (usually) physical, which means the writer must be conscious of budget, distribution, formal publishing, and ensuring positive feedback from the community. A reader will be much more critical of a $20 book, than a free article.
To date, there are already thousands of books published specifically on cryptocurrency investing. The writers behind these books are novel writers, they are assumed to be experienced, practicing investors, technologists, or traders. This means that you can gain a piece of their wisdom by learning from the mistakes they made, to better prepare you for your cryptocurrency journey.
Are Cryptocurrency Books Bound To Be Outdated and Unreliable?
This is a valid concern. A book that was released five years ago will not be up to date with the latest wallets, applications, and tools available today for cryptocurrency traders. While the broad investing strategies are most likely timeless, it is in your best interest to find books within a couple of years so that they can offer the best tools and tips to help you by your side.
Treat cryptocurrency books like any other books; do not allow yourself to be lured by a pretty front page and a cool name that reminds you of a Silicon Valley tech genius. Do your own research of the author, the topic, and its relevance to what you want to achieve.
The good news is that you are already on the right path because you’ are reading this article.
The 5 Best Cryptocurrency Books You Need To Read Today
Enough teasing, I will give you what you came for. It isn’t easy finding decent cryptocurrency books on trading and investing when you are unsure where to look. Here are five brilliant books all about cryptocurrency trading for beginners.
1. “Trading Cryptocurrency: A beginners' Guide by Clem Chambers”
Clem Chambers’ book was aimed at complete beginners looking to dip their toes into the crypto space and used BitcoinBitcoin
The first blockchain-based cryptocurrency, launched in 2009. Bitcoin remains the most influential and widely recognized coin. All other cryptocurrencies are known as "altcoins," simply because they are not Bitcoin.
Ethereum
A cryptocurrency created by Vitalik Buterin that runs on Ether (ETH). Ethereum was the first blockchain-based technology to make smart contracts and decentralized applications possible.
2. “The Cryptocurrency Trader’s Handbook” by Marvin Neuefeind
Marvin Neuefeind has created an impressive piece in the form of actual guides.
Remember, the last thing you want to do is invest aimlessly. This is exactly what this accomplished author urges you not to do. Having a flexible investment plan is priceless; it allows you to react appropriately to whatever the market throws your way and minimize your possibility of making bad investments.
3. “The Altcoin Trader’s Handbook” by Nik Patel
“An Altcoin Trader’s Handbook’s” author, Nik Patel, is a guy who has been heavily involved in altcoins since 2013. Thinking back to the opportunities of 2013, Patel saw something special and acted on it - unlike many others who decided to wait it out.
In An Altcoin Trader’s Handbook, Patel doesn’t deny the speculative nature of the market. In fact, he embraces it with open arms. He goes on to highlight the importance of risk management in speculative marketspaces like altcoins and lower market cap cryptocurrencies with little to no history. The overall message of the book is split into three separate sections to guide the newbie investor through their journey, which are:
- Research
- Accumulation
- Distribution
Patel is a brilliant and engaging writer who writes meaningful content and, most importantly, doesn’t fail to acknowledge the risks involved with cryptocurrency investing and trading. This is a transparent book which complements the other four very well.
Do not limit yourself to a single perspective; the authors whom you look up don’t make this mistake, themselves.
4. “Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas M. Antonopoulos
Andreas Antonopoulos is arguably one of the most well-respected individuals in the field. He has a background in computer science and is one of the main spokesmen behind the crypto industry. I recommend following him on Twitter. He has educated various governments on the technology and travels the world teaching people how to get Bitcoin in their hands. This book will provide you with some insight on the technology behind these cryptocurrencies, explaining how to set up a walletWallet
Software or devices that contain public and private keys for storing cryptocurrencies
Mining
The process by which new coins are created as transactions on a network are verified.
5. “The Cryptocurrency Investing Bible” by Alan T. Norman
Norman has written seven books about cryptocurrencies already, and one book on machine learning. The Cryptocurrency Investing Bible will provide an overview of trading, in addition to the technology behind these cryptocurrencies. Much like Andreas’ book, it will provide you with an overview of the technology from a different perspective. Understand the technology, even at a basic level, will help in your investing and predictions. Mining, tokenomics, block rewardsBlock Reward
The payment given to a miner for securing a blockchain that uses POW (Proof-of-Work) consensus
Keep an Open Mind to Multiple Cryptocurrency Books
One key thing to point out about finding cryptocurrency books to study from is the variety of information in this new, embryonic market space. Do not limit yourself to a single perspective; the authors whom you look up don’t make this mistake, themselves. These educators are constantly reading new material and allowing their outlook on cryptocurrency investing to mold around new information amassed after countless grueling hours of technical reading.
On that note, you get the best of both worlds. By conducting some research and doing it right, you’ll be able to save yourself plenty of time by selecting the best content out there to mold your very own viewpoint and as a result, method of trading cryptocurrencies. So go, grab yourself a copy from an author whose story resonates and whose content seems to be relevant to what you’re trying to achieve.
The Best Ways to Learn Cryptocurrencies
Although books are not the only way forward, they have some distinct advantages. Reading involves less distraction (if you leave all electronic devices on the side) and give you that awesome rugged feeling of paper in your hand. Anyhow, aside from books, there are countless other sources from which you can learn cryptocurrency trading for beginners.
Here are a few to give you a perspective of the range of sources:
- E-learning platforms
- Whitepapers
- Books
- Surfing the web
- Podcasts
Limiting yourself to a single learning source is knowledge suicide. Nothing beats a wider perspective when learning about a topic. Our brains have the wonderful ability to take in large quantities of information, so it is most beneficial to learn as much as possible and let your brain do the sorting. There are many benefits to using multiple learning platforms. Think about it.
You can’t exactly cycle and read a book, can you? A simple solution for learning while cycling, for example, would be listening to a podcast. That 20-minute bike ride will go quickly and you’ll listen to 20 minutes of cryptocurrency related discussions. Congratulations, you’ve just done 40 minutes of activity in 20.
Moreover, the internet offers outstanding learning opportunities that are even free (in most cases). Whether you’re reading the technical whitepaperWhite Paper
A technical document that outlines a project’s features, technology, and vision.
Books Are Incredible, But Don’t Limit Yourself
I’d like to reiterate a point I raised earlier about diversifying your study materials. Do not - I repeat: DO NOT rely on a single source of study or reference. You could be the most profitable trader in the world, but if you fail to keep up with market trends, correct research methods, and up and coming competitors, you run the risk of getting left behind.
I personally recommend that you create a list containing your current reference points, whether they’re books, websites, e-learning programs, or YouTube videos. Have this list in your pocket, phone case, or wallet at all times and don’t be afraid to amend it. If you find something new and realize another source has done its job, move on. If you don’t like it, replace it again or go back to what you had before. As long as you take it with a pinch of salt, introducing yourself to a new perspective can only help.
Now that you have a handful of cryptocurrency books to get started with, go ahead and read reviews of these books. Of course, don’t neglect the free information available online. We have curated lots of free content that you can check out now, starting with how to invest in Bitcoin today.
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