2017 was the year of cryptocurrency.
Many cryptocurrencies saw their values skyrocket, many by 2,000% or more! You have probably heard stories of people who bought cryptocurrency and, after a few years, had investments worth millions of dollars. Maybe you even know someone like that. You want to be the next cryptocurrency success story, so you are looking for all the information that you can to better navigate its turbulent waters.
Which brings you to this guide. You will find answers to many of your questions about cryptocurrency, such as the most basic question of them all: Is cryptocurrency actually money? The very first chapter will address this question by taking an in-depth look at what money actually is. You will learn about why the dollar is considered money and why it has value, and you will see how cryptocurrencies are actually a more authentic form of money than the dollar. You will see how the laws of supply and demand shape the value of every good that is exchanged, from the strawberries that you buy at a farmers’ market to the dollars that you use to pay for them. You will also see how these very same markets are being manipulated by the government, thereby creating adverse conditions for the dollar’s value. Cryptocurrency isn’t subject to these controls, so its value is determined exclusively by markets.
After looking at what money is and why cryptocurrency is considered money, this guide will take a look at some of the reasons why cryptocurrency is growing. So many people are rushing to get rich off of it, but they become afraid when wild price swings cause their investments to lose value.
You will be able to stay ahead of the pack by understanding not only the factors that are causing it to grow but why it is experiencing such volatile fluctuations in value. In the final chapter, you will learn how to capitalize on those fluctuations by engaging in short-term trading.