Читать книгу The Book about Cryptocurrency №1. Second edition expanded - Viacheslav Nosko - Страница 4

Hi! If you are reading this book and are already fascinated by the topic of cryptocurrencies, you are probably sure that crypto is a new age currency and that in time the world will change a lot thanks to it. What, in fact, the author of the letter from the future has already warned us about.

Most likely, you already realize that you can make good money on crypto. Maybe you are already counting the millions that you will have after the next jump of bitcoin or another coin?

It is and… it isn’t.

There is an illusion in the mind of the average person that you can make quick money with cryptocurrency. Buy bitcoins and ethers and wait for their value to increase many times over.

However, the crypto market is subject to general market laws, and there is much in it from traditional trading.

Although there is no denying that this market is more accessible, the entry threshold is minimal, unlike the stock market.

It is impossible to enter this market from scratch and lose nothing if you behave unwisely and wastefully on the market without analyzing information and knowing the principles of work. At least, our personal experience and the experience of other crypto traders confirms this. We ourselves started working with cryptocurrencies in 2015 and saw how the market was growing, the number of exchanges, coins and tokens. And we ourselves were at a disadvantage and spent hours and hours of time and hundreds and thousands of dollars of personal funds to figure it all out.

So, who are we?

We are Maxim and Vyacheslav, the creators of the media platform Pro Blockchain, where you can see what’s happening with the cryptocurrency market in real time. This is the leading media on cryptocurrency in the CIS countries.

We run a YouTube channel, a channel on Telegram, we are on social networks – Vkontakte, Facebook2 and Twitter.

The ecosystem of our products already has a total of 500,000 people. Every month we have 50,000 unique visitors to our website, the audience of our Telegram channel (56,000 subscribers) and YouTube (200,000 subscribers) is growing.

On the YouTube channel we regularly broadcast live and thematic broadcasts and answer users’ questions.

Experts in crypto and investing often come to visit us. They share their experience and their thoughts on the market situation.

If you regularly read, watch, listen to Pro-blockchain materials, you will gradually begin to understand what is happening in the crypto market and where this, perhaps, the youngest and fastest growing global market is moving.

The channel and all resources named Pro Blockchain Media are our educational endeavor. It’s not the first year we have been densely involved in the topic of cryptocurrencies, we want to share knowledge and help others to better understand the technology, which we are sure is the future. The future is interesting and full of opportunities for everyone who is ready to learn, delve into it, and take risks.

We have personally, through our own experience, studied how the cryptocurrency market works, and we continue to study, monitor it and keep track of meaningful information.

We have been closely involved in this topic since the end of 2015. We started with Bitcoin, then worked with Ethereum.

Before this book was born, we lost hundreds of thousands of dollars on the two of us.

Maxim: «Before I started working with cryptocurrency, I was involved in different types of businesses – construction, catering, consulting. My path into crypto was not the easiest: once I lost all my investments. I bought Ripple after seeing how the market was gaining momentum, but then I lost almost 6 thousand dollars due to a rate hike. I quickly withdrew the rest of my funds and was extremely happy to have gotten my feet out of there. But this story, on the contrary, made me study the cryptocurrency market and its mechanics.

The most important lesson I learned after the first few years of working with cryptocurrencies is that there is no such thing as easy and fast money. To be an expert, you need to understand how the blockchain world works and what influences it. The biggest mistake beginners make is the desire to make money fast. No, it doesn’t work that way.

Over time, I began to understand it not at the level of an ordinary person, but at the level of a professional. The market is alive, it has its own dynamics. You need to know when it makes sense to enter it, and when you need to leave quickly.

If you are going into cryptocurrencies, I congratulate you. It’s a good decision. No matter what the skeptics say, Bloxxain is the technology of the future.

Once you start delving into this story, you will have a huge amount of knowledge on different subjects that you will then apply to your life. Working with cryptocurrencies, I started to understand how the media works, how it works, how news is manipulated. I can see what the future holds in smart contracts, in the future it will help formalize any transaction, from car leasing to real estate sales. It will help remove unnecessary middlemen.

Cryptocurrencies are good as a means of settlement. Imagine that all currency has run out, there are no rubles or dollars. But there is bitcoin or several cryptocurrencies. You can use them to pay with, to make exchanges, bypassing banks, bypassing expensive swifts.

You can keep savings in cryptocurrencies.

The more you know about crypto, the more you delve into this topic, understand, learn, the higher will be your value in the market as a specialist.

You don’t have to invest and build portfolios. Bitcoin can be used as a means of keeping savings.

There is a saying: first people laugh, then they shut up, then people have nowhere else to go. And this is characteristic of any new technology. People used to laugh when they bought pizza with bitcoins. When Facebook3 was first invented, no one thought it would grow from a student network into the biggest social network in the world. Don’t mind the ridicule, but you should definitely go into the world of Bloxxain with your head and take your time.

Vyacheslav: «I spent 10 years in the army, 5 years studying, 5 years serving in the Crimea. I got two higher educations and finished a lot of special courses, from analyst to courses on building sales departments. Then he quit his job and tried different jobs and businesses: trading, intermediary services, catering, consulting.

When I met Maxim, I already had an office. We consulted on various financial products. There were various partnership programs, we earned money as intermediaries, and we did quite well. How did we end up in crypto? We were developing our own cryptocurrency. Just in 2015, Ethereum had just appeared. We were leading the technical part of a project, and we needed an internal cryptocurrency for it. We were working with the Ambisafe team at the time, they had a great swing and were doing ICO projects on their own platform. Just with them they created a cryptocurrency that still exists somewhere.

In late 2015 and early 2016, my immersion into the world of cryptocurrencies began.

In January 2016, I bought 50 bitcoins (now and at the peak in prices in 2021, it was a huge amount), converted them to Ethereum and invested everything in the ICO of TheDAO project. It was the largest ICO that raised a lot of money, tens of millions. Ethereum alone was about 30—40% of the total amount. The ICO was very successful. But at one point it was hacked. After this story, Ethereum split into two currencies. The so-called Ethereum Classic appeared. That’s when I realized what it was like when all your funds were invested in one place, what it was like not to diversify them, but to just pour them all into one project. At that exchange rate this mistake cost me more than 10 thousand dollars. But if you recalculate it at the current Ethereum exchange rate (ed. – at the end of June 2023, the exchange rate is about $1900), it’s a colossal amount of money. I had about 1000 ETH, multiplied by $1900, and even at the current exchange rate it’s almost 2 million dollars!

But I was lucky, I managed to get the coins back and even some Ethereum Classic.

That information you will read in the book cost us hundreds of thousands of dollars. At the very least. And you get it for free. Or for symbolic money.

It’s up to you how you want to use it. Either way, good luck. We are sure you will never want to leave the path of conqueror of the Blockchain world.

Everything you will read in this book is the result of our experience, sometimes sad, sometimes successful. But absolutely we are not theorists, we are practitioners.

Everything we tell you about Bloxchain, Bitcoin, Ethereum, Ripple and other cryptocurrencies is tested on successful and unsuccessful transactions.

In addition to our own funds, we also manage portfolios. The volume of portfolios in different periods varies from 1,000,000 to 5,000,000 dollars.

For those who are especially advanced and motivated, there are recommendations from traders at the end of the book.

If you have the desire to learn and develop further, you can learn the profession of a broker in the cryptocurrency market and, due to your experience, flair and expert knowledge, advise others and manage other people’s assets.

I hope we’ve convinced you that we know a little more about cryptocurrencies than the average, run-of-the-mill citizen?»