Cryptocurrencies are attracting the attention of millions of people around the world. The digital coin market is one of the most profitable financial instruments. But in order to succeed in any business, you first need to learn how it works. Many novice investors do not know how to buy and sell cryptocurrency for profit.
To obtain basic knowledge in the field of cryptocurrencies, it is enough to read articles on the Internet. There is a lot of information on the World Wide Web, but if you want to dive deep into this topic, it is better to read the relevant books.
In this article, we will discuss how to learn to understand why crypto currency prices change and what literature you need to read.
How to Buy and Trade Cryptocurrency?
In our ranking, we will look at the best books on cryptocurrencies, ideal for those who want to learn how to buy crypto profitably. Books about cryptocurrency offer information about the world of digital assets, including their history, technology, market trends, and investment strategies. These books can be useful for both beginners who want to understand the basics of cryptocurrencies and more experienced traders who need additional knowledge.
Here is the list of recommended books:
- Blockchain Revolution by Don Tapscott
- Cryptoassets by Chris Berniske and Jack Tatar
- The Internet of Money by Andreas M. Antonopoulos
- Mastering Bitcoin by Andreas M. Antonopoulos
- The Business Blockchain by William Mougayar
- The Bitcoin Standard by Dr. Saifedean Ammous
- Criptomonedas para Dummies by Victor Ronco Viladot
- Kings of Crypto by Jeff John Roberts
- Digital Cash by Finn Brunton.
To begin your journey into the crypto world, you need to:
- pick an asset;
- select a trading strategy;
- choose a platform for trading.
When choosing a crypto asset to buy, you should pay attention to its adoption and capitalization. The higher it is, the more stability the asset can promise. Although coins with low capitalizations are easier to skyrocket during sharp market upward trends, so pay attention to coins with a small cap but good adoption and valuable technology at the core. In this regard, it would be wise to collect both large and small-cap coins to make your investment portfolio diverse.
Picking a trading strategy, you should try them all to understand your risk tolerance and trading methodology. Maybe high-intensive trading is not your cup of tea. In that case, you will switch to a less stressful strategy that would give you enough time to think and analyze the market. You may try yourself in this field by using the WhiteBIT demo account, where you will apply demo tokens to different trading strategies.
On the WhiteBIT exchange, you will find all cryptocurrency prices in real-time.
