Take Control of Cryptocurrency

Understand and use Bitcoin, Ethereum, NFTs, and more!Version 1.1, updated January 17, 2022In Take Control of Cryptocurrency, Glenn Fleishman casts aside the headlines and hype around cryptocurrency to dig in on the fundamentals. You learn everything you need to know as an individual from the ground up about cryptocurrency, including details about the popular forms of it. You’ll find out what risks it poses for the planet—and for your pocketbook. Discover the role of a cryptocurrency wallet, how to find the best one, and how to use it safely. You will understand the ins and outs of buying and selling cryptocurrency and using it for real-world purchases and sales. Glenn also explains the mystery of NFTs (non-fungible tokens), which are a peculiar but popular use of cryptocurrency that lets you own unique digital artwork.Cryptocurrency is a new way of representing value that’s going through the throes of change and no one knows exactly what form of it will survive and thrive. It hit the mainstream years ago but 2021 seemed to whip people into a frenzy over Bitcoin, Ethereum, Tether, and several other popular forms. Valuations—the price in cash one could get when selling cryptocurrency—soared. But cryptocurrency doesn’t have an inherent price: it’s worth only what people will pay for it. In May 2021, most cryptocurrencies plunged in value by half or more.Meanwhile, a similar furor arose over the introduction of “non-fungible tokens” (NFTs), a way to use an aspect of cryptocurrency to buy and sell unique ownership of digital assets, like born-digital art and clips from NBA basketball games. NFTs similarly suffered a giant drop in value from a peak in May 2021. What is this all about, anyway? Why did cryptocurrency and NFTs tank?Take Control of Cryptocurrency ignores the hype in favor of the reality beneath it. This new form of currency is not going away, even if the price in dollars, euros, and renminbi may fluctuate madly. The future of the economy will incorporate cryptocurrency and you can get to know it in great but understandable detail with the help of author Glenn Fleishman.This book teaches you what cryptocurrency really is and how it relates to government-backed money. Glenn walks through all the parts of a cryptocurrency in clear detail—like a wallet, blockchain, and transactions—and explains how cryptocurrencies produce permanent transfers. He also lets you see two different kinds of risk: the side effects of Bitcoin and others in consuming massive a