Uncovering the Dark Side of Cryptocurrencies (Paperback) (ISBN-13: 9798377329626)

Bitcoin may have upended the financial system with cryptocurrency. Cryptocurrencies have quickly become a prominent topic in finance. Despite their rising popularity, cryptocurrencies and their risks are still questioned. This book discusses how cryptocurrencies may be manipulated, how market makers can affect them, and how the market might be nothing more than a gambling site.

Cryptocurrencies employ cryptography for security. It is decentralised and has no central bank. Bitcoin is the first and most popular cryptocurrency. Satoshi Nakamoto invented it in 2009. Altcoins are the hundreds of digital currencies launched since then.

Cryptocurrencies have grown rapidly, with a market worth of over a trillion dollars. They were once worth a few million dollars. Despite rising usage, cryptocurrencies and their risks are still questioned. This book examines cryptocurrency's drawbacks. It examines how market makers influence bitcoins and if the cryptocurrency market is essentially a gambling ground.

The author of this book has been doing research and studies on cryptocurrencies continuously for few years. The author of this work has discovered, via his investigation, that many so-called ecosystems are really nothing more than pyramid schemes. Additionally, he or she has discovered that individuals with higher knowledge are in charge of the whole system. This book, which is based on the author's own experiences, is written with the intention of educating readers about the dangers associated with investing in cryptocurrency.

Each section of this book covers a separate cryptocurrency downside. The first chapter briefly covers bitcoin history. Bitcoin's beginnings and early hurdles are covered. It also examines cryptocurrency progress and the emergence of alternative cryptocurrencies. Cryptocurrencies have also affected the global financial system. Chapter 2 describes the bitcoin market. It examines market makers, cryptocurrency volatility, trading platforms, and exchanges. In the third chapter, we analyse how social media affects the bitcoin market. We study market influencers, false news, and social media's effect on market sentiment and investor behaviour. Chapter 4 examines the possibility that the bitcoin market is a gambling den and how market makers may be manipulated and controlled. We'll examine market "whales"' techniques and how they affect the market and individual investors in the following chapter. Finally, in Chapter Alpha, I'll introduce cryptocurrency to beginners. Thus, everyone may benefit from this information.

In the end, the purpose of this book is to expose the shadowy underbelly of cryptocurrencies and provide readers with a clearer picture of the potential dangers they run while investing in the cryptocurrency market. This book is required reading for every anyone who has even a passing interest in cryptocurrencies and the potential dangers that they provide, regardless of whether they are seasoned investors or are just getting their feet wet in the investment world.

Author: Mohammed As'ad
ISBN-13: 9798377329626
Publisher: Independently Published
Language: English
Published: 02/14/2023
Pages: 174
Format: Paperback
Weight: 0.41lbs
Size: 8.00h x 5.25w x 0.37d