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    Cryptocurrencies: How to Safely Create Stable and Long-term Passive Income by Investing in Cryptocurrencies: Cryptocurrency Revolution, #1
    Cryptocurrencies: How to Safely Create Stable and Long-term Passive Income by Investing in Cryptocurrencies: Cryptocurrency Revolution, #1
    Cryptocurrencies: How to Safely Create Stable and Long-term Passive Income by Investing in Cryptocurrencies: Cryptocurrency Revolution, #1
    Ebook52 pages43 minutes

    Cryptocurrencies: How to Safely Create Stable and Long-term Passive Income by Investing in Cryptocurrencies: Cryptocurrency Revolution, #1

    By Anthony Heston

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    About this ebook

    Would you like to have a new passive income stream that makes money while you sleep?


    Most people haven't realized the global economy shifting power that cryptocurrencies have, while smart investors have been following them closely for a while now. 

    We've all heard about how Bitcoin shocked the world by skyrocketing in value over a short period of time.

    Making safe digital investments has never been so approachable.


    You don't have to be a financial expert and it doesn't matter if you're a first-time investor. Cryptocurrencies are known for being very approachable. 

    Long-term, steady income streams are a possibility for those that know how to navigate the seas of digital currencies.
     

    Here's some of what you can expect to learn inside the pages of this book:

    • Discover the common mistakes make first-time cryptocurrency investors quit fairly quickly.
    • Learn how to easily analyze and pick which cryptocurrency to go after.
    • Learn which storing options are most effective, so that you avoid losing thousands due to unexpected security breaches.
    • The best options available to safely purchase the cryptocurrency of your choice.
    • How to make your income streams 'future proof' and make them last for years to come.

    Other than following the advice inside this guide, no previous skill or specific knowledge is required to start investing in Cryptocurrencies.


    Easier than Forex. Less of a barrier of entry than most investment options out there.

    Are you ready to create new steady streams of income into your life?
     

    It's time to jump onboard one of the greatest investment opportunities of this century. Start by scrolling up and clicking the BUY NOW button at the top of this page!

    LanguageEnglish
    PublisherAnthony Heston
    Release dateNov 21, 2017
    ISBN9781386257561

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      Book preview

      Cryptocurrencies - Anthony Heston

      Chapter 1 What are Cryptocurrencies?

      MANY SAY THAT CRYPTOCURRENCY will be the primary financial asset in the future. These days, there are plenty of individuals who are familiar with cryptocurrencies but there remain a significant number of people who are still clueless as to what these are and how they can benefit from them.

      Aside from private individuals, government agencies, financial institutions, and numerous corporations few are well aware of what these are. These days, most of these agencies have actually invested in and continue to spend on cryptocurrency research. This just shows you how relevant these digital coins are in our modern society.

      The thing about these digital financial assets is that not only have they sparked interest in people but they have also grown to become potential threats for others, especially banks. For the rest who are still confused about this trend, this is book was primarily written to explain what this new currencies are and how you can earn passive income by investing in them.

      The Origin of Cryptocurrencies

      Were you aware of the fact that cryptocurrencies came to light because someone was looking for a complementary product to digital funds? We have had digital cash reserves available on the Web for quite some time. Cryptocurrencies were made to serve as their side products.

      The person who invented the first cryptocurrency, Bitcoin, was a man by the name of Satoshi Nakamoto. Regardless of how old Bitcoins are now, they remain to be some of the most valuable cryptocurrencies of recent times.

      Before the concept of cryptocurrencies came about, digital cash was available via deposits made from debit cards and credit cards plus deposits to online payment channels made from physical bank accounts.

      Digital cash during that time may have also referred to vouchers that could be purchased or provided as a marketing tactic. The problem with these though is that most of them were not designed well enough to prevent the onset of double spending.

      The problem of double spending was what Bitcoins first addressed. These cryptocurrencies did not require any server, regulation, or authority. These relied on P2P networks as a means to ensure single spending. It is also to be noted that other attempts before Bitcoins failed miserably, thus, making Bitcoins truly revolutionary.

      Aside from double spending, another issue that resulted in the creation of cryptocurrencies can be attributed to the failure of several third-party payment channels to provide a secure system that people can use to pay for things online.

      Considering that these channels are highly-regulated, not to mention centralized in nature, and still they failed, Bitcoins were created to be independent of any central regulatory system and instead work on P2P trustworthiness as a foundation.

      When it comes to digital cash, aside from worrying about transactions and balances, you also have to concern yourself with accounts, not to mention payment channels and methods. The problem with these payment channels is that they are highly susceptible to double spending.

      Up until now, efforts are still being made to resolve this conundrum. But until servers are assessed, this problem will continue to exist as it is the balance-recording or monitoring agents that are responsible for the error.

      The beauty of cryptocurrencies is that there is no server system that you need to worry about since they work with a decentralized network. With the P2P network at work, everyone has an updated list of transactions that they track, monitor, and check for problems.

      Transactions occur between individuals and so there is a personal interest in the correctness of every transaction and record kept. This is why errors like

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