I had a friend of mine send me this book so I could brush up on my investing strategies and get excited
about the incredible life changing coding called Block Chain Technology. As the host of the Dana Crypto
Show Bitcoin and Common sense, I have been on the airwaves like a Town Cryer since 2016 telling the world about this revolutionary medium. The 200 plus episodes can be heard on many of the podcast platforms such as Spotify, Apple Podcasts, Sound Cloud or by visiting danacrypto.com Being an earlier adopter, I purchased my first piece of a Bitcoin when the price was about $2,000 a coin. As of this writing, Bitcoin is trading at $93,000 a coin and has skyrocketed since the Presidential election. The incoming administration, unlike the outgoing one, is pro crypto. Mr.Trump issued a statement that he wants to create a strategic Bitcoin reserve and make America the “Crypto Capital of the Planet.” When I first went on the air in 2016 on Boston’s North Shore 104.9FM as the first FM radio show of Bitcoin and Blockchain Technology, I dreamed of this day and predicted that the world will embrace cryptocurrency and Bitcoin would hit $100,000 in the coming decade. I sent for this book over a month before the election as I will be teaching a class on Cryptocurrency with Ryan Salame formally of FTX. The book reinforced investing strategies that are similar to those used in stock trading and talks about some of the basic methods such as moving averages and trading volume to make an educated guess on if a coin is going into a bull or bear market. It also talks about mining which is useful to know how a decentralized currency works. For the majority of investors, mining is not a very efficient way to make money in crypto as opposed to investing in the coin. The book also talks about buying on margin which is very risky and I personally do not recommend this. The book fails its reader by the omission of the simple strategy of dollar cost averaging. That is a system where you purchase a small amount of Bitcoin (or other coins) everyday or week regardless of the price. With the way the market fluctuates this can prove to very profitable by holding the coins over a longer period of time. Without internet access this book is great to have for reference. Anyone with Google can find any of the information provided and that would be better than a purchasing a personal copy. I will be doing a reboot of my show when I return with a renewed focus and it will continue to be the innovator not the imitator. The book helped renew this resolve and for that I’m grateful for reading it.
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