Cryptocurrency proselytes describe digital currencies as a means of gaining liberation from central or governmental control over our finances. Therefore, they provide books on cryptocurrency that can help you understand its ideological roots, technology, uses, and place in the long money history. These books explain the crypto tracker, the value of cryptocurrency, how to invest, and how to make money with cryptocurrency.
Read this guide if you want to study crypto for beginners.
The value of one Bitcoin hiked dramatically from less than one thousand dollars to twenty thousand. By the end of 2018, its market cap rose to about $238 billion and dropped to half that number in early 2020. The cryptocurrency market in Canada has expanded beyond Bitcoin's performance, with altcoins, initial coin offerings, startups, and investment modes always appearing.
Despite an explosion of the crypto market, the number of those who understand cryptocurrency and how it works in Canada is still few. So, if you want to learn about cryptocurrency, this guide will suggest some books you can read.
Why Should You Learn How to Make Money with Cryptocurrency n Canada?
There wouldn't be much buzz about cryptocurrency investment if there were no value in it. Despite the downsides to cryptocurrency, the fact remains that there is money, a lot of money, in it. Every cryptocurrency investor is in it for the value and profits – after all, that's the whole point of investing. If you want to venture into cryptocurrency matters in Canada, one of the most important things to learn is making money with it.
But why is it important to learn how to make money with cryptocurrency?
- You will have adequate knowledge of cryptocurrency trading and investment such that you know what deals are not worth it and which ones are. You know to detect the lie beneath a crypto deal that promises you all the kingdoms of the earth. You have the know-how to manoeuvre your way around a value drop in whatever coin you're working with.
- Whether investment or trading, everything about cryptocurrency has to do with strategies. There are trading and investment strategies that you can utilize to profit from cryptocurrency. Learning how to make money with crypto opens your eyes to these strategies.
- The cryptocurrency ecosystem is wide; if you plan to benefit from it, you must learn about it. You will become conversant with crypto terms and concepts, which will help you start trading.
How Do Books Aid Understanding Cryptocurrency?
In this technological age, whenever we want to learn anything, we run to Google; type, search, click, and get the information we are looking for. Although the internet is a great place to gather resources with better and succinctly-written articles, books still offer more credibility.
Do you know that there are websites and videos that could help you learn crypto trading easily?
Some of the information you gather online needs to be validated by books; this is especially important in financial investments.
Cryptocurrency topics require as much cautiousness as you can give. Reading books on cryptocurrency has a compounding effect in that the more you read, the more you know. The more knowledge of cryptocurrency you have, the more you gather trading skills for an investor or trader.
Reading books on cryptocurrency gives you an edge over those who don't. According to several studies, the average Canadian reads one book a year – CEOs read four to five a month.
Reading makes you a better and, ultimately, a successful cryptocurrency investor and trader. To be a successful investor, you must read many books; reading provides knowledge, which is power.
Books cover several aspects, including managing your finances, knowing how to invest wisely, deciphering the crypto market, investments, and everything. Reading may be what you need to come to a step closer to the brutal realities of the world, educating you on the benefits of crypto investment.
Furthermore, you learn the disadvantages of wasting wealth and the consequences that can put your future at risk. When you read real crypto accounts and investment practices, you will wisely understand the gravity of managing your digital assets. Essentially, it will prompt you to execute what you learned in your present to have a secured future.
Meanwhile, you cannot learn everything overnight or read only one book. Learning, in general, is a process that occurs through education and practice, as well as practical experiences and lessons. You can start by reading one crypto topic at a time, beginning with the one that's most interesting to you. To become a successful investor in cryptocurrency or any other asset, you must be a voracious reader.
What Are 5 Top Canadian Books for Understanding Cryptocurrency?
Below are five top Canadian books you can start with to begin understanding cryptocurrency.
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Cryptocurrency: The Future of Money – Learning What Gives Money Value
This book was particularly written for beginners, so technophiles may find it too basic. It is best suited for people new to cryptocurrency and who want to wrap their heads around the basic principles of virtual currencies.
"The Future of Money" begins with an introduction to the workings of traditional finance, the history of money, and why money has value. Then, it explains the roots of the bitcoin network, explaining how it started back in the day.;
The many authors who wrote this book share their thoughts on how different regulators and nations can deal with cryptocurrency. It contains fascinating insights into the cryptocurrency ecosystem, some of which are already coming true.
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Digital Gold: The Untold Story of Bitcoin – A Book on Bitcoin's Early Days
This book is all about bitcoin, providing an intriguing introduction to the coin. The Untold Story of Bitcoin explains the practical technology of crypto in a simple way that novices can easily understand.
The book also provides insights on the philosophical and economical angle to bitcoin. In the book, you will learn the difference between countries where Bitcoin's social acceptance is concerned.
This cryptocurrency book focuses majorly on bitcoin's early days, capturing both the optimistic and pessimistic elements around it.
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The Truth Machine – A Book on Blockchain and Its Use Cases
Thanks to blockchain, this book paints the future of the biggest employment restructuring the world has ever seen. It outlines the potential of blockchain technology from a macro point of view.
The book's authors wrote about lawyers getting replaced by smart contracts and bankers getting automated out, and more. It also discusses interesting real-world use cases for blockchain, including food distribution in refugee camps to prevent double-spending food entitlements.
This book contains many thought-provoking and insightful views that you will find interesting, even as a beginner.
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The Internet of Money – A Collection of Short Essays on Cryptocurrency
The Internet of Money was written by Andreas Antonopoulos, one of the smartest people behind the crypto drive today. It is essentially a collection of short essays concerning cryptocurrency containing several interesting concepts and perspectives.
One of the most interesting crypto topics discussed in the book is "Infrastructure Inversion;" it makes for an interesting read.
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The Basics of Bitcoin and Blockchain – Introducing the Crypto Ecosystem
This book is great for those new to the cryptocurrency concept; it contains a detailed introduction to the subject. It explains bitcoin and blockchain technology in the most straightforward way possible. The book provides a clear explanation of what blockchain is about; it has one of the best introductions to crypto trading and investments.
How Can a Superprof Tutor Help You Choose the Best Crypto Tracker?
An essential factor that can make or mar your cryptocurrency investing life is managing your crypto portfolio and tracking its performance. A good crypto tracker should provide an automatic overview of each step you take in the wealth-growing process and provide an advanced trading experience. Many crypto trackers are available, so you want to research well before choosing. Or, better still, you can hire a Superprof tutor to help you choose the best crypto tracker available.
Superprof is a world-centered e-learning platform – the platform offers tutoring services to Canadians and citizens of many other countries. There is much to learn on Superprof, including cryptocurrency trading and investment.
If you sign up for crypto lessons on Superprof, you will learn how to choose the best cryptocurrency tracker. Any Superprof tutor you hire in Canada to teach you this already has experience with many trackers.
As such, Superprof tutors are in the best position to give you honest reviews concerning the crypto trackers available. They will show you features you should look for when choosing a crypto tracker, intimating you with features to avoid. They have firsthand experience with the best trackers and know which ones will work for you. A Superprof tutor can teach you how a crypto tracker works so that you can depict which trackers can deliver what they promise.
In conclusion, regardless of your financial literacy, keeping your knowledge base growing is always a good idea. While the internet has a wide array of resources on cryptocurrency, books are still needed to validate the information's credibility. Everyone knows you cannot trust everything you read on the internet; that's why books are essential for understanding cryptocurrency.
We've listed five great Canadian books you can read to learn about cryptocurrency; you can get started with them anytime and hire a Superprof tutor to provide clarity where necessary.
Still don't know why you should invest in crypto? Read this guide!
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