The cryptocurrency market is growing at an enormous rate. In 2017 alone, its value grew by 1,000%. This means that if you bought $1 million dollars worth of bitcoin back in January 2017, today you would be looking at a total investment of more than $10 million.
This has led many people to wonder what exactly is cryptocurrency and how they can get into this new industry?
Kiana Danial’s “Cryptocurrency Investing for Dummies” tries to provide trusted guidance on how to invest in the top 200 cryptocurrencies. But can it really help you figure out the crypto world? Read this review to find out!
Who is Kiana Danial?
Kiana Danial is an expert author, speaker, advisor, and coach dedicated to helping people achieve their financial goals.
She draws on a solid background in finance and economics, as well as a highly successful career that has included senior positions at Fortune 100 companies. Her forward-thinking perspective takes into account the changes in the financial industry, making her a trusted investing consultant.
She’s the Founder & CEO of an investment education firm named Invest Diva, President of Wealth Propulsion LLC and Co-Chair of CEO Business Women’s International.
With her award-winning personal investing and wealth management expertise, she decided to publish “Cryptocurrency Investing for Dummies” in 2019 as a way to help anyone get into the crypto industry. She is committed to helping people like you and me succeed.
Cryptocurrency Investing for Dummies Review
Cryptocurrency Investing for Dummies is a book designed to teach you the basics of cryptocurrency investing.
It will basically guide you through the steps of safely buying, storing, and selling cryptocurrency. You will learn how to choose the right exchange platform, as well as how to avoid some of the common mistakes people make when trading cryptocurrencies.
Cryptocurrencies are constantly changing with new technology and new features being added constantly, so it’s essential that you keep up with any changes that may occur in the market.
This book will also teach you about the blockchain technology that drives these currencies, as well as analysis methods to determine which currencies are most profitable to invest in at any given time.
For many people who already know about cryptocurrency, Cryptocurrency Investing for Dummies is still an excellent reference, and it has become a must-read for anyone interested in investing in cryptocurrency.
What does it teach?
Through 24 chapters, packed in 6 parts, Kiana Danial will help you understand the value of investing in cryptocurrency, and what you should look out for before investing your money.
Here are some of the things that you will learn in this book:
– What cryptocurrency is all about.
– How to get started with cryptocurrency investing.
– The four different types of cryptocurrency investors.
– How to read a price chart for cryptocurrencies.
– What are the top 200 digital currencies?
– Why you should invest in cryptocurrency now.
– And much, much more!
It helps you understand that, just like with fiat currency, there are different types of cryptocurrencies and you should look at them all before making your choice.
It’ll also help you learn to effectively manage your digital wallet and be aware of the potential threats and risks involved in trading and investing in cryptocurrencies.
The book is straightforward and simple enough for a beginner to easily understand. However, there is enough detail provided in it so that even an intermediate cryptocurrency investor can still learn a thing or two from it.
Cryptocurrency Investing for Dummies (Audiobook)
There’s also an audiobook version of Kiana Danial’s Cryptocurrency Investing for Dummies. Just like in the physical version, what you learn here will offer clarity and understanding on what cryptocurrency is and how you can make money from it.
This one answers questions such as:
-How is cryptocurrency changing the world we know?
-How can you make money from it?
-Are you really missing out by not investing in crypto?
The audiobook also comes with a free cryptocurrency course that will walk you through the process of making money from digital currencies such as Bitcoin, Ethereum, Ripple, IOTA, Neo, and Nem.
Is “Cryptocurrency Investing for Dummies” for you?
The book is meant for people who are new to cryptocurrency investing and want to get a solid grasp of the fundamentals.
There’s a huge learning curve when it comes to this new world of digital money. This book will help you learn about cryptocurrency in a very simple way. It won’t take long, and you will be on your way to becoming a successful investor.
What makes this book a good fit?
This book will get you up to speed on everything that you need to know before making your first investment in cryptocurrencies.
Kiana breaks down the information into simple terms that everyone can understand and relate to.
She makes sure that you understand everything before moving onto the next chapter so that nothing is left out and confusion is kept at a minimum. If you’re looking for a book with all of the answers regarding cryptocurrency trading and investing in one place, this is the book for you!
What I didn’t like about Cryptocurrency Investing for Dummies
However, there’s a downside to this book as well.The book is full of ads for Kiana Danial’s own services (investment advice). All I found was an attempt to sell me something.
On another note, while it does a good job of helping you understand the thought process that goes into cryptocurrency investing, it doesn’t help you calculate your actual investment return on your portfolio.
Given the highly volatile nature of the crypto industry, this is a big drawback as it can leave you in the dark as to whether or not you’re actually making decent returns.
The other issue with this book is that although it does provide an excellent overview of the different types of cryptocurrencies and how they work, it doesn’t provide much information on practical applications for cryptocurrencies and how one can best utilize them in their day-to-day life.
This is surprising given that this book was released in 2019 and one would think that there would be more practical advice related to utilizing cryptocurrencies through various wallets and exchanges.
Final Thoughts: Should you read Cryptocurrency Investing for Dummies?
This book comes at a perfect time when cryptocurrency is all the rage and people are looking to make investments in this industry. The book will help you gain a solid understanding of where crypto fits into the landscape of financial trading and investing. It’ll also help you understand some of the basic terminology used in the business, as well as how you can go about buying your first digital currencies.