Cryptocurrency Master: Everything You Need To Know About Cryptocurrency and Bitcoin Trading, Mining, Investing, Ethereum, ICOs, and the Blockchain

261 Pages·2018·1.08 MB·English

by  Martin Quest

The Crypto Master Set

The Art of HODLING
A Beginner’s Guide to Cryptocurrency Trading and Investing
+
The Crypto Mining Mindset
+

The ICO Approach
A Beginner’s Guide to Understanding Cryptocurrency ICO

+
Cryptocurrency 101:
Your Guide to Understanding How to Trade Bitcoin, Altcoin, and other Online
Currencies

+
Blockchain Dynamics

A Quick Beginner’s Guide on Understanding the Foundations of Bitcoin and
Other Cryptocurrencies

Martin Quest
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Table of Contents – The Art of HODLing
Introduction
What is Money?
Why Cryptocurrencies Work
How To Store Your Bitcoins Or Altcoins Safely
Is Bitcoin dead?
Cryptocurrency Pre-Hodling Strategies
Cryptocurrency Hodling Strategies
Conclusion (HODLING)

The Crypto Mining Mindset
Introduction
History Of Bitcoin Mining
How It All Got Started
How It Works
The Concept Of Double Spending
Factors That Influence Mining
Proof Of Work
The Difficulty Of Bitcoin/Crypto Mining
What Is A Block Chain?
Building Digital Trust
How To Get Started
Steps To Start Mining Altcoins
Steps To Mining Bitcoins In Particular
Step 1: Buying Hardware
Step 2: Choosing A Bitcoin Mining Software
Some Recommendations To Get You Started
Step 3: Joining A “Mining Pool”
Step 4: Setting Up Your Bitcoin Wallet
Step 5: Start Mining
Conclusion (Mining Mindset)
Long Learning Curve, But Surely Worth It!

The ICO Approach
Chapter One: Introduction
Definition Of Initial Coin Offering
History of ICOs
Chapter Two: ICOs in Detail
How ICOs Work
What is an ICO presale period?
Pros of an ICO presale
Cons of an ICO presale
Maximizing Your Profits If The ICO Takes Off
Secure the bonus tokens
Hold and sell some technique
Keep things simple
Chapter Three: How to Pick a Winning ICO
Issues to Consider
1. Consider the team behind the ICO project
2. Carefully evaluate the white paper
3. What is the token needed for?
4. Social media and online presence
5. Is the ICO a hard cap or unlimited?
6. Check the quality of the codes
Chapter Four: How to get started
Know your customer protocol
Importance of KYC compliance for an ICO
How one can ensure KYC compliance
KYC steps
Crypto wallets
The Working Mechanism Of Cryptocurrency Wallets
Where Can You Get A Cryptocurrency Wallet?
Single Currency Or Multicurrency Use?
Are the crypto wallets secured?
Which are the best wallets?
Legal Status Of Icos In Various Countries
Perceived Challenges With ICOs
Progressive Countries In Terms Of ICOs
The future of ICOs in various countries
Registration with ICO
What is gas in ICO?
MetaMask Wallet
Benefits of MetaMask
Chapter Five: Things to Avoid
Exit Scams
Identifying Exit Scams
Multi-Level Marketing Systems
Characteristics of Multi-Level Marketing Systems.
Regulation
Chapter Six: Wrapping It Up
Step in ICO Trading
Tips on Trading ICO Coins
Conclusion (ICO Approach)

Cryptocurrency 101
Introduction
CHAPTER 1: Fundamentals of Cryptocurrencies
Nodes
Transaction
Transaction Value
Wallets
The Coin
Mining
Blockchain
CHAPTER 2: Basics of Trading
Exchanges
Market
Tradability
CHAPTER 3: Crypto Trading
Trading Strategies
Chapter 4: Trading Indicators
Moving Averages
Exponential Moving Average
ADX Indicators
Chapter 5: Artificial Intelligence and Algorithms
Conclusion (Cryptocurrency 101)

Blockchain Dynamics

Introduction
Chapter 1: Fundamentals Of Cryptocurrencies
Nodes
P2P
Ledger
Gossip Protocol
Consensus Methods
Messages
Account Balance
Genesis Block and New Coins
Chapter 2: Cryptography
Hashes, Hashing and SHA 256
Private Keys
Public Keys
Bitcoin Address
Chapter 3: Blocks and Transactions
Philosophy of Equity and Exchange
Transactions
Transaction ID
Blocks
Chapter 4: Miners and Mining
Proof of Work
Puzzle
Hash Rate
Mining Rig
Chapter 5: Downside of Blockchain
Conclusion (Blockchain Dynamics)
References
About the Author
Introduction

Cryptocurrencies have become all the rage over the last few months, especially after the meteoric
rise in the price of Bitcoin back in December 2017. It used to be that cryptocurrency investing
was the realm of experts and savvy investors. But because of Bitcoin's massive success and
popularity after December 2017, things have changed. It has now expanded to include even the
smallest and least experienced of investors. Before going into the details of hodling and
cryptocurrencies in general, it would be very beneficial for you to get a glimpse of how
cryptocurrencies became what they are now.

Brief History of Cryptocurrencies

It all began in the 1990s when American cryptographer, David Chaum, created what was
considered as the first kind of online money in the Netherlands: DigiCash. He created DigiCash
as an extension of an encryption algorithm that was considered popular during those times,
which was RSA. The technology he created, together with its eCash product, was able to
generate a huge amount of attention from the media. It became so popular that Microsoft
Corporation tried to buy DigiCash for $180 million with the intention of placing DigiCash on
every computer in the world that ran on the Windows operating system. One of the crucial
mistakes Chaum and his company made was to reject Microsoft's $180 million offer and earn the
ire of De Nederlandsche Bank (Netherland's Central Bank), which was the Netherland's primary
monetary authority. All of those crucial mistakes eventually led to the demise of DigiCash in
1998, when the company went bankrupt.

The second generation of Internet money was borne from the learning experiences of DigiCash.
Companies from this generation came up with alternative payment solutions and money systems
that were also Internet-based but with small but important changes. Of these companies, the
clear winner was PayPal. The reason why PayPal trumped its competition was its ability to give
users what they really wanted in the first place, which was money on the web browser platforms
they were already familiar with. PayPal - unlike its peers back in the day - was able to give its
users the ability to transfer money to and from merchants and buyers, respectively, using a
seamless peer-to-peer money transfer system. PayPal's massive success is very obvious by the
fact that next only to credit cards, it's the most popular means by which to transact online.

But wait - there's more! PayPal's success led to other companies emulating it. One of the
systems that tried to walk on the same path as PayPal was e-Gold. Unlike PayPal, its primary
currency was gold, i.e., it received physical gold as deposits from its users and in return, it issued
e-Gold or gold credits. E-Gold was able to manage a relatively healthy amount of cross-border
transactions using gold. But because of the prevalence of fraudulent investment scams like
Ponzi schemes, e-Gold was closed.

The next significant event in the history of cryptocurrencies is the 2008 subprime mortgage crisis
that nearly crippled the financial system of the United States and affected many of the world's
major financial institutions. This event served as some kind of wakeup call to many of the
world's major economies and has led to the emergence of what is now popularly known as the
blockchain, which is the foundation of cryptocurrencies today as we know them.

In 2009, an anonymous person (or group) that went by the identity of Satoshi Nakamoto
published a white paper that expounded, among other things, the source code, technology and
concept of what is now called the blockchain. And together with the blockchain, he launched the
granddaddy of all cryptocurrencies as we know it; Bitcoin. The blockchain, while not an
earthshattering, disruptive or incremental technology, was considered a foundational one. Why