Having a basic knowledge of the fundamentals and practices required for trading Bitcoin is the first step toward success. Ample educational materials like books are available all over, so don’t make speculation-based decisions – rely on your research. Your logical and rational mind will lead you to study the BTC price chart to understand when bullish or bearish moments are about to end. Gaining a foundation in cryptocurrency education will help you know how to handle your wealth portfolio for a better return. Books are invaluable tools in helping you learn about Bitcoin, giving you ample material to grapple with.
The world of cryptocurrency might seem overwhelming at first. Still, books will cover the essential aspects you need to better understand how Bitcoin works and its potential benefits. It can be challenging to motivate yourself when you can watch a movie, listen to an audiobook, or watch a YouTube video summary. Make a commitment to read for at least 10 minutes a day. If you have absolutely no clue what to read, here’s a list of good books to read. Reading can and should be about nurturing yourself.
1. Mastering Bitcoin by Andreas M. Antonopoulos
Published in December 2014, Mastering Bitcoin by Andreas M. Antonopoulos is a must-read for anyone interested in learning the very basics of how Bitcoin works, providing an overview of its technical structure, including the blockchain, nodes, miners, and Proof of Work. The book is aimed at a technical developer audience, so if you’re thinking about building a feature-rich app or starting a killer business, read it till the end. To understand Bitcoin, you first need to discern how to use a cryptocurrency wallet and how Bitcoin transactions are processed.
It doesn’t matter if you’re a developer, investor, or a simply interested reader. Mastering Bitcoin is for you. The book sheds light on the digital payment system, from explaining the decentralized network to peer-to-peer architecture and its underlying security measures. Just as the Internet has radically transformed many industries, cryptocurrency has transformed the foundations of money, credit, and financial services. An updated version of this volume was released in July 2017 to reflect the later developments. In case you didn’t know, Andreas M. Antonopoulos is one of the world’s foremost Bitcoin and blockchain technology experts, having been involved in the cryptocurrency ecosystem since 2012.
2. The Book of Satoshi by Phil Champagne
Bitcoin was launched in January 2009 by Satoshi Nakamoto, who invented its underlying technology. The identity of Bitcoin’s creator has never been confirmed, although there have been numerous speculations. Phil Champagne tries to figure out who Satoshi Nakamoto might be, either a person or a group. The book features emails and posts on online forums, presented chronologically, and explains Bitcoin in simple language that anyone can understand. Phil Champagne is the managing director of Wren Investment Group, an investment firm specializing in acquiring and maintaining multifamily and commercial properties. As The Book of Satoshi progresses, Bitcoin’s early growth and development timeline converge. By the end, Phil Champagne introduces the original Bitcoin whitepaper, crucial to understanding how Bitcoin and blockchain technology work.
3. Bitcoin Billionaires by Ben Mezrich
Published in 2019, Bitcoin Billionaires recounts the narrative of two young entrepreneurs who build incredible wealth by investing in Bitcoin. We’re talking about Cameron and Tyler Winklevoss, the co-originators deceived by Mark Zuckerberg. Ben Mezrich wrote about the nonfiction account of The Social Network in his bestseller The Accidental Billionaires. When the Winklevoss brothers invest in Bitcoin, it trades at only $120 per coin. In 2017, Bitcoin surpassed $10,000 for the first time, making them billionaires. Bitcoin Billionaires is a light-hearted read, so if you want to find out more about what happened in the first days of Bitcoin, you’re going to love this book.
4. The Basics of Bitcoins and Blockchains by Antony Lewis
Back in 2013, Bitcoin caught Anthony Lewis’s attention. He followed his passion, leaving his current role to join a startup called itBit. itBit is a platform for cryptocurrency trading launched by Paxos using regulated blockchain infrastructure. Even if it offers a small range of cryptocurrencies, itBit features an over-the-counter desk for large transactions and various APIs for advanced trading strategies. Following itBit, Anthony Lewis continues to provide service/advice to clients in the finance sector. The Basics of Bitcoin and Blockchains supplies an introduction to cryptocurrency, helping readers understand why Bitcoin is so valuable.
The Basics of Bitcoin and Blockchains talks about the history of Bitcoin, the Bitcoin blockchain, and how to buy and sell Bitcoin. Equally, it describes investment risks, identifies scams, and emphasizes cryptocurrency regulations. If you had to read one book to get a grip of what’s going on in the cryptocurrency ecosystem, this is it. Once you’ve finished this volume, you can manage being in a conversation. After hours of YouTube and countless attempts to trade Bitcoin, you’ll come to the realization that you’re not getting any better at understanding cryptocurrency. So, get back to the old-fashioned way of learning.
5. Bitcoin From Beginner to Expert by Christian Newman
In drawing things to a close, let’s discuss Bitcoin From Beginner to Expert by Christian Newman. This publication allows you to deepen your knowledge of Bitcoin and explore areas of greater interest, such as investing in cryptocurrency exchanges. Bitcoin From Beginner to Expert is about cryptocurrency in general, covering the practicalities of investing and offering details about blockchain technology. It’s an excellent starting point for someone with little to no experience in investing in Bitcoin, so you don’t want to skip this read. Additional reading on the subject is highly recommended, meaning you should consider reaching out to a financial advisor.
Reading is one of the primary ways to acquire knowledge about Bitcoin. It helps you understand, so reading is very, very good for you. The knowledge you gain is cumulative and grows exponentially, so it’s easier to learn new things and solve new problems. As you’ve seen, there are well-written reads for all levels of understanding.