About the book
Who is Start Investing In Bitcoin Today for?
This book is for people interested in getting into the game of investing with bitcoin and virtual currencies in general to learn new ways to make extra income or set up a side business. I will try to enlighten investors on how to jump on board and join the ride for this technological breakthrough that is changing the medium of money and value globally.
In addition, seasoned bitcoin investors who have been lucky so far, or worked hard to generate bitcoin fortunes, will learn what to do with sudden rises in value and how to make their investment last over time by spreading out the risk.
What’s in it for you?
This book is set up in three parts. Part One provides an overview and introduction to investing with bitcoin and the founding principles of the underlying technology. I spell out the evolution of virtual currencies and describe what you can do with bitcoins. I also discuss the underlying bitcoin technology in layman’s terms instead of complex technological jargon.
Part Two focuses on the various methods of investing. It lays out the ground rules on how to invest. You will also learn how to avoid costly mistakes and how to steer clear of cyber thieves and hackers. I will take you through the steps to create a strategy for bitcoin investing.
Each chapter includes one investment method, along with concrete steps needed to be taken, as well as key success factors and main dangers of the given method.
The last part of the book tackles life after riches and how to cope with a sudden windfall. My hope is that this book will serve as a solid reference for those people still hanging on the sidelines, waiting to get into the game of virtual currency investing.
PART 1: where did the Bitcoin come from and why should I invest?
1 Why Bitcoin is so hot right now
1.1 Saving yourself from the government
1.2 Benefits of cash and gold
2 Bitcoin and investing
2.1 Opportunities always come with an extra risk
2.2 Even with Bitcoin, investing is always long-term
2.3 How to get perspective on your investment
2.4 The secret success rule of investing in Bitcoin long-term
2.5 Three ideas for increasing the amount you save
2.6 10,250 Percent annual rate of return (ARR)
2.7 Ditch the budget – stick with the plan
3 Galactic money
3.1 From a server to a spaceship
3.2 The dynamics affecting the value of speculative investment
3.2 Using bitcoins
3.3 Cash with eight decimal points
3.4 Physical bitcoins
3.5 You can be an early adopter
3.6 The effect of public exposure
3.7 Five biggest dangers of all digital currencies
4 A brief history
4.1 A brand new gold rush
4.2 Before bitcoin there was rpow
4.3 Right time for a new currency
5 Bitcoin mining
5.1 Bitcoin mining in a nutshell
5.2 Technological development in the future
5.3 Starting mining operations
5.4 Mining software
5.4 Pool mining
5.6 Selecting a mining pool
5.7 Shared-pool mining (cloud)
PART 2: Successful investing methods for bitcoin
6 Ten best bitcoin investing methods
6.1 The low-risk trading approach
6.2 Simplest way to invest in bitcoins without a computer
6.3 Mining bitcoins for a minimum upfront investment
6.4 Trading bitcoins
6.5 Selling bitcoins for maximum profit
6.6 Starting your own bitcoin exchange business
6.7 Selling stuff for bitcoins
6.8 Earn high interest rates with bitcoins
6.9 Investing in bitcoin markets via trusts or ETF’s
6.10 Trading with bots
PART 3: You made it!
7 How to grow rich and stay there for the rest of your life
7.1 Joining the ranks of over 400 bitcoin millionaires
7.2 How bitcoin profits are taxed?
7.3 Your first check-list after getting rich with bitcoins
7.4 Should i run to ask advice from an investment bank?
8 Creating wealth beyond bitcoins
8.1 Most millionaires started with nothing
8.2 Add the tax office to your “best friends forever” list
8.3 Four key characteristic of successful investors
8.4 The secret of practicing the reverse
About the author