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Author Topic: Recommend some books about investing please!  (Read 145 times)
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November 06, 2020, 03:19:17 AM
 #1

Hello there peeps. What are your top books that you’d recommend to a beginner investor and someone that wants to get into cryptocurrency investing? Im no neophyte, I know how bitcoin works; that means don’t recommend books that teach about the background of bitcoin. Otherwise, any other book helps.

Regards
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November 06, 2020, 03:39:26 AM
 #2

I don't think there are even good books about cryptocurrency investing in general(and I personally don't even suggest investing in cryptocurrencies in general besides BTC). I'd suggest reading about investing in general though. The Intelligent Investor by Benjamin Graham is good in my opinion. It's just that it can really be a boring read most of the time, but the knowledge you get from it is really really great.

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November 06, 2020, 06:22:08 AM
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 #3

Hello there peeps. What are your top books that you’d recommend to a beginner investor and someone that wants to get into cryptocurrency investing? Im no neophyte, I know how bitcoin works; that means don’t recommend books that teach about the background of bitcoin. Otherwise, any other book helps.

Regards

Unfortunately or fortunately, there is no book available to learn about cryptocurrency investment because it's only about buying low and selling high! Nothing else really!

However, if you want to develop an investor mindset, I would recommend you to read "Rich Dad Poor Dad" by Robert kiyosaki. A must read for everyone from every segment of life!

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November 06, 2020, 06:42:37 AM
 #4

Hello there peeps. What are your top books that you’d recommend to a beginner investor and someone that wants to get into cryptocurrency investing? Im no neophyte, I know how bitcoin works; that means don’t recommend books that teach about the background of bitcoin. Otherwise, any other book helps.

Regards

There is no reason to spend money on books to buy when there is the best site- https://old.reddit.com/r/Bitcoin/
It is so much knowledge and the best site for Bitcoin news and information.
You will want to view it many times a day because its always updated.

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November 06, 2020, 07:13:43 AM
 #5

There isn't a lot of book or virtually none yet but books about investing will help you the same way, do not go too far on books published by successful people though, it might work different for you. Consider their advice not follow them. You can learn a lot with books about the technicalities of investing more than testimonials in my opinion. While you are at it, buy a book about financial literacy, it will help you in the long run.

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November 06, 2020, 07:43:43 AM
 #6

Investment is an important issue. It is an additional of a flame than practical life. I don't know if there is any useful book about this. If anyone has an idea about a good book, please suggest me.

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November 06, 2020, 08:06:16 AM
 #7

I'd recommend you to start with "Mastering Bitcoin" and "Bitcoin From Beginner to Expert". "Cryptoassets" will be helpful to you as an investor.

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November 06, 2020, 08:09:38 AM
 #8

Hello there peeps. What are your top books that you’d recommend to a beginner investor and someone that wants to get into cryptocurrency investing? Im no neophyte, I know how bitcoin works; that means don’t recommend books that teach about the background of bitcoin. Otherwise, any other book helps.

Regards
It doesn't matter whether you are a beginner or professional in investments: the only efficient way to make money on bitcoin is to buy it and never sell. Please note, you don't necessarily have to buy a whole bitcoin: you can use the time-honored strategy called dollar-cost averaging (DCA) [1] to "stack sats" (smallest units) every month. The purchasing power of bitcoin is constantly increasing, while the purchasing power of the dollar is gradually decreasing. [2] By stacking sats, you can increase your wealth and protect yourself from inflation. To understand the importance of such a strategy, I suggest you read this book: "The Richest Man in Babylon." [3]


[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp
[2] https://usdsat.com/
[3] https://en.m.wikipedia.org/wiki/The_Richest_Man_in_Babylon

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November 06, 2020, 10:53:26 AM
 #9

Books are good for beginners to find out about investing but they also need skills. Must have an honest idea about the market you've got experience there's something new learn books are an excellent thanks to do that. it'll assist you deal with difficult times the book features a time-tested strategy. There are many new traders who cannot follow the proper procedure after the book. therein case it's helpful for them to urge good information about investing through videos or different groups it'll increase knowledge and learn something new.
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November 06, 2020, 12:21:28 PM
 #10

Hello there peeps. What are your top books that you’d recommend to a beginner investor and someone that wants to get into cryptocurrency investing? Im no neophyte, I know how bitcoin works; that means don’t recommend books that teach about the background of bitcoin. Otherwise, any other book helps.

Regards
Unfortunately or fortunately, there is no book available to learn about cryptocurrency investment because it's only about buying low and selling high! Nothing else really!

That's basically investing in cryptocurrency in a nutshell lol. Just add a little bit of getting ahead in hearing FOMO and FUD, you're good to go.

Well, since most of the time, Bitcoin or any cryptocurrency is just so unpredictable and so volatile that any speculations or analysis in it just doesn't work even if you know your stuff in trading.
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November 06, 2020, 12:38:57 PM
 #11

It sounds good knowing that there is still some person who want to read books than just searching for things on the internet but I don't think that there are some good books to for you to learn how to be a good investor or will teach you to do good investment because for sure it is all about buy low and sell have l high, that is the basic and that is the common lesson that you but have from the book.
However, if you want to develop an investor mindset, I would recommend you to read "Rich Dad Poor Dad" by Robert kiyosaki. A must read for everyone from every segment of life!
I already heard about that book before but I havent read it yet, buy because you mentioned it,I get interested on it, I will read it for some other day on my free time Grin.

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November 06, 2020, 12:45:33 PM
 #12

Won't the general idea of investing work? Just that don't take everything as similar as to how crypto investing works though, since the market of crypto is a lot more volatile compared to stocks. Though it is at the very least a start towards a path to investing. Not that I could say much though, I don't really know much about investing and I've only been hodling Grin. Sides, even if there was a book about crypto investments, I doubt it would deviate from the general idea of investing in stocks I mean, they both use the same system, just that the markets involved are different.

R


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November 06, 2020, 12:57:36 PM
 #13

As the cryptocurrency isn't same as stocks or forex it is quite hard to make a book giving suggestions about investing on cryptocurrencies. The market is manipulative, speculative and highly volatile. Based on all these factors it is a must to invest based on the current market moves than going with prediction or statement putforth by authors who have invested on strategies that won't be profiting at all market situation.

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November 06, 2020, 01:25:10 PM
 #14

I cannot name a single book which I think is really helpful in specific terms especially in cryptocurrency investment. I have read a couple of books mentioned above: Rich Dad Poor Dad and The Richest Man in Babylon. And as far as I can remember there was no single advice in both books on the best approach or strategy in crypto investment.

If you want to be a crypto investor you just have to expose yourself in crypto price movements in an hourly and daily basis.
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November 06, 2020, 01:34:00 PM
 #15

I'd been using Udemy for trading courses, its a one time purchase and you can rewatch it every time you need it. Mostly the books you'll be able to see is books for stock trading and market trading by Jack Schwager and tries to apply the principle thru crypto.

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November 06, 2020, 02:23:05 PM
 #16

 Indeed, just reading without practice will help little. Investments must always be carefully considered. When it comes to books, of course, Robert Kiyosaki is always good. It can be read regularly.
But also in addition to books about investments, the book "Black Swan" by Nasim Taleb has very great wisdom. After reading and understanding this book, you will be prepared for the fact that sometimes something happens that we do not expect at all. And this is what can affect your investment.

https://en.wikipedia.org/wiki/The_Black_Swan:_The_Impact_of_the_Highly_Improbable

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November 06, 2020, 02:31:39 PM
 #17

Indeed, just reading without practice will help little. Investments must always be carefully considered. When it comes to books, of course, Robert Kiyosaki is always good. It can be read regularly.
But also in addition to books about investments, the book "Black Swan" by Nasim Taleb has very great wisdom. After reading and understanding this book, you will be prepared for the fact that sometimes something happens that we do not expect at all. And this is what can affect your investment.
The rich dad poor dad by Robert Kiyosaki is the best book for me especially for those who want to make investment but their intelligence is still not enough. That book serves as a trigger for millions of people and I'm part of it and for me it is the reason why I'm still here in the cryptocurrency market. There are a lot of concepts that you can learn from that book and also his second book which is the cashflow quadrant where he discuss the 7 levels of investors. I also suggest the books of Harv T. Eker especially the secretes of millionaire mind because there are things there that you can learn how to become successful in terms of investing.

I do not yet read a certain book that the topic is pure cryptocurrencies, I usually read books that about stocks because a lot of books are been published in these past years and most of the strategies are also proven. I applying the strategies that I learned from the investment books that I've been read in the cryptocurrency market and it is the reason why I'm still profitable in these past years.

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November 06, 2020, 05:33:58 PM
 #18

Different investing type of crypto currency is different from normal stocks investment. you need to learn it by your own and see it by your self. To check what kind of investment you are looking for and fit for your wants  . Every project offer different kind of investment like staking lending etc it's up to you where on that kind of investment you want to bring your money
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November 06, 2020, 05:37:47 PM
 #19

I think you need to read investopedia.com before reading other people's advice or life stories.

Investopedia has all the information you need but it won't give you any investment advice. You need to educate yourself and make your own investment decisions. And to educate yourself > investopedia.

Also you may want to follow the investment guru Warren Buffet from time to time. Even though you won't like all of his opinions I am sure you'll learn a lot from him.

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November 06, 2020, 05:51:30 PM
 #20

There are several books available in the market but I would recommend you to research on your own rather than going through all these I am not saying it is not useful, if we want to see some good returns we need put some extra efforts like checking the coin value on day charts this will definitely helps us to invest in a right coin.









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