“I gave to military 10 years of my life, I studied for 5 years, I served for 5 years in Crimea. Then I quit, tried various earnings and businesses: trade, mediation, catering, consulting.
When we met with Maxim, I already had an office. We were advising on various financial products. There were different affiliate programs, we were earning as intermediaries, and it turned out pretty well. How did we get into crypto? We were developing our own cryptocurrency. Just in 2015, Ethereum just appeared. We were conducting the technical part of one project, and it needed the inner cryptocurrency. We were working with the Ambisafe team at that time; they have now succeeded and they are doing ICO projects on their own platform. It was with them that that cryptocurrency was created which still exists somewhere.
In late 2015 – early 2016, my immersion into the world of cryptocurrency began.
In January 2016, I bought 50 bitcoins, converted them to Ethereum, and invested everything in ICO TheDAO. It was the largest ICO, which raised a lot of money, tens of millions. Only Ethereum had about 30—40% of its total. That ICO was very successful. But at one point it was hacked. After this story, Ethereum divided into two currencies. And so-called Ethereum Classic appeared.
It was then that I realized firsthand, what it was like when all your funds were invested in one place, what it was like not to diversify them, but just to put everything in one project. By that rate this mistake cost me more than 10 thousand dollars. But if we recalculate it with the current Ethereum rate (ed. – at the end of June 2018, the rate is about 416—420 USD), then this is a huge amount of money.
But I was lucky, I managed to get the coins back and even a bit of Ethereum Classic.
The information you will read in this book cost us at least tens of thousands of dollars. And you get it absolutely for free. Well, or for symbolic amount of money.
How to manage this book is your choice. Anyway, good luck. We are sure that you will not want to leave the path of the conqueror of the Blockchain world.
Everything you will read in this book is the result of our experience, sometimes sad, sometimes successful. But definitely we are not theorists, we are practitioners.
Everything that we will tell you about blockchain, bitcoin, ethereum, ripple and other cryptocurrencies is tested on successful and unsuccessful bargains.
In addition to our own funds, we also manage portfolios. The volume of portfolios in different periods varies from 300,000 to 800,000 dollars.
For more advanced and motivated people at the end of the book there are recommendations from traders.
If you have a desire to learn and develop more, you can master the profession of broker on the cryptocurrency market and, with help of your experience, flair and expertise, you can advise others and manage other people’s assets.
Hopefully, we convinced you that we know a little more about crypto than a regular, average citizen?”
Important information and disclaimer!
The authors of the book are not responsible for the content of materials from the sources listed in the book, for any damages or losses related to any products or services mentioned in the book.
We encourage readers to conduct their own research on a product or service that is mentioned in the text with due diligence.
How to use the book?
You can read everything from cover to cover if you are used to working with information thoughtfully and systematically.
You can start from the end. You will find checklists for novice cryptomarket player with a list of necessary actions in the appendix. And also a small test that will help you understand what type of trader you are.
If you already know what blockchain, bitcoin, ethereum are and how it all works, you can scroll through the first chapters and start immediately from the part of portfolio formation and stock (exchange) trading.
Glossary at the end of the book will help you structure information and understand the main material of the book deeper. Also, we invite you to subscribe the Pro Blockchain Media project accounts on Telegram, YouTube and Twitter.
If you have any questions or suggestions, we will appreciate feedback from you.
Our links and contacts:
Official website: – https://pro-blockchain.com.
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Facebook: – https://www.facebook.com/PRО—Blосkсhаin-392842031135878
Part 1.
Blockchain And Cryptocurrency.
What are they and how can I deal with them?
Cryptocurrency is money of the 21st century
This industry is a newcomer among other types of economies, businesses and human interests. It was 2008 when the bitcoin.org website was officially registered and the first coins appeared.
However, there was not as much HYIP with any other instrument in the sphere of finance and charge back as there was around crypto from the very first years of its existence.
If we look at the essence of the term, its roots come from Greek. Translated from the language of Antiquity – Greek – “kryptos” is “secret, hidden”. Cryptocurrencies work using data encryption technology or cryptography.
Distinctive features of cryptocurrency:
• decentralized data that is stored simultaneously on multiple computers;
• anonymity (you do not know who transferred you the money, you do not know who owns the wallet, where you transfer money to);
• Security (transaction record cannot be falsified or modified).
We are confident that cryptocurrency is a new generation of assets that will change our lives.
Although, there are still many skeptics who believe that cost of bitcoin and other coins is exaggerated, that their rate will sooner or later collapse, that this money is useless …
This is usual resistance to something new. Some time ago people did not believe in bank cards and were afraid of ATMs. Some time ago a smartphone with its simplest functions seemed to be fantastic. But it will take a little more time and cryptocurrency will become a common payment tool for all layers of the population.
This book, among other things, will help you understand the idea of new money; learn how to treat it and not to lose your hard-earned fiat money on cryptocurrency trades. But more on that will be later in the book …
The revolutionary characteristic of cryptocurrency is that transactions are conducted directly among users, without any participation of anyone else.
For example, if you want to order a memory card for a phone or a fashionable T-shirt on Aliexpress, you will need a bank card to pay for it. Thus, there is an intermediary between you and the online store – a bank. Soon, Aliexpress and other online trading giants will accept crypto along with bank cards, Webmoney and PayPal.
The basis for the development of cryptocurrency was the invention of the blockchain technology.
Blockchain