Important Question on Currency Economics in General

[GabrielKomatsu]

Hello my name is Gabriel and I'm new to this forum, I signed up to ask what is to me an important question and to also post more in the future.

My main question is: can anyone provide me with a reliable source of knowledge/wisdom for those new to currency economics?  This is, obviously, specifically about cryptocurrencies and sites like Cryptsy.com in particular.  For a long time I have wanted to know more about currency economics so that I can hopefully work to turn a profit on a little bit of capital on sites like Cryptsy.  The issue is that I am a total novice.

I may have been deceived, but I've read lots of testimonials from people who claim to have found success working on markets like Cryptsy.  I am desperate for any information regarding learning how to truly understand this field.  It is my perception that currency economics applies very similarly to cryptocurrencies as it does, say, Forex.

At the moment I do understand or appreciate the nature of: greed, fear, patience, common economical patterns in keeping with human nature in general, etc..

Any educational material, personal advice, articles, or other informational sources I (and others, hopefully?) would be terribly thankful for.

[limewall]

I too would be very interested in this material.  I'm sure someone could write many a thesis on this subject.

I've currently found youtube to be quite helpful in the meantime, and I think it may take years to analyze the data and decide on relevant trends.

[GabrielKomatsu]

I too would be very interested in this material.  I'm sure someone could write many a thesis on this subject.

I've currently found youtube to be quite helpful in the meantime, and I think it may take years to analyze the data and decide on relevant trends.

I agree completely, which is why I wish I knew an active day trader or something of the sort.  Also, I haven't found many Youtube videos on the subject so if you have any good ones please share!

[Gentlemaniac]

If you want to understand cryptocurrencies, I suggest you first learn about normal currencies.

I love this old book on money: http://mises.org/books/theory_money_credit/contents.aspx.

Ludwig von Mises was one of the most prominent members of the Austrian School of Economics.

I find the book easy to comprehend.

Keynes liked it:

“The first book deals with the meaning, place, and function of money; the second with the value of money, the problem of measuring it, and the social consequences of variations in it; and the third with the relation of bank-money, of notes, and of discount policy to the theory of money. With the exception of the section on the value of money, where Dr. von Mises is too easily satisfied with mere criticism of imperfect theories, there is a great deal on every one of these topics very well worth reading. Perhaps the third book is, on the whole, the best.” (Keynes 1914: 417).