Publisher's Synopsis
The top cryptocurrency is Bitcoin. And it has been for years. But when it comes to other cryptocurrencies, things are a lot more fluid. If fact, the market moves so fast that what's boom today could be bust tomorrow.
That's why it's important that you do know about Bitcoin alternatives before taking the plunge and investing in what can be a risky area. The crypto market is far more volatile than traditional stocks, with some coins growing in value swiftly, then dropping just as rapidly. Bitcoin, for instance, rose from $45,000 in March to a high of $63,000 in mid-April - then plunged to $35,000 in May before ticking up to $36,000 in June.
If you do decide to buy cryptocurrency, a good piece of advice is never to spend more than you can afford to lose. Calculate the effect on your investment if the coin you owned were to fall by 20%, 50% or even 80% overnight and weigh up whether you could afford to hold on in the hope that values rose again, or if you'd be tempted to sell at a loss.
In short: this book is amazing, incredible, educative, and informative.
A book that will help guide you to make a better choice.
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