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From Bitcoin to Solana, the safe and secure way to invest in cryptocurrencies Cryptocurrency Investing For Dummies, the bestselling guide to getting into the exciting world of crypto, is updated for today’s cryptocurrency markets. Currencies like Bitcoin, Ethereum, Solana, and XRP are gaining popularity, and this trusted guide can help you strike while the iron is hot to profit from the explosive growth in cryptocurrency. We’ll help you understand decentralized currency, get started with leading crypto exchanges and brokers, learn techniques to buy and sell, and strategize your crypto portfolio. You’ll even dig into the details on cryptocurrency tax laws and new opportunities for investors. Gain the tools you need to succeed in the cryptocurrency marketLearn about the newest cryptocurrencies on the market and how to evaluate themDevelop a strategy for reaping outsized gains using crypto exchangesUnderstand how cryptocurrencies interact with virtual worldsThis is the perfect Dummies guide for investors who are new to the cryptocurrency market or first-time investors who want to add cryptocurrency to their portfolio. Get started on your crypto adventure.
Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert. She is a highly sought-after professional speaker, author, and executive coach. She has been featured in The Wall Street Journal, TIME magazine, CNN, Forbes, TheStreet, and numerous other publications.
Introduction 1Part 1: Getting Started with Cryptocurrency Investing 5Chapter 1: What Is a Cryptocurrency? 7Chapter 2: Why Invest in Cryptocurrencies? 17Chapter 3: Recognizing the Risks of Cryptocurrencies 35Chapter 4: Looking Under the Hood: Blockchain Technology 53Chapter 5: How Cryptocurrencies Work 67Part 2: The Fundamentals of Investing in Cryptos 83Chapter 6: How to Buy Cryptocurrencies 85Chapter 7: Using Cryptocurrency Wallets 105Chapter 8: Different Types of Cryptocurrencies 119Chapter 9: Identifying Top Performing Cryptocurrencies 141Chapter 10: Diversification in Cryptocurrencies 155Chapter 11: The Role of Cryptocurrency in the Metaverse 167Part 3: Alternatives to Cryptos 185Chapter 12: Getting Ahead of the Crowd: Investing in ICOs 187Chapter 13: Cryptocurrency Mining 199Chapter 14: Investing in NFTs 209Chapter 15: Stocks and Exchange Traded Funds with Cryptocurrency Exposure 219Chapter 16: Cryptocurrency Futures and Options 229Chapter 17: Dealing with the Dollar and Other Fiat Currencies 237Part 4: Essential Crypto Strategies and Tactics 249Chapter 18: Using Technical Analysis 251Chapter 19: Short-Term Trading Strategies 265Chapter 20: Long-Term Investing Strategies 279Chapter 21: Minimizing Losses and Maximizing Gains 287Chapter 22: Using Ichimoku and Fibonacci Techniques 297Chapter 23: Taxes and Cryptocurrencies 305Part 5: The Part of Tens 315Chapter 24: Ten Considerations Before Getting Started with Cryptocurrencies 317Chapter 25: Ten Possible Moves When Your Crypto Portfolio Is Down 323Chapter 26: Ten Challenges and Opportunities for Crypto Investors 329Part 6: Appendixes 335Appendix A: Resources for Cryptocurrency Investors 337Appendix B: Resources for Personal Portfolio Management 353Index 359