Review of Bitcoin Answered
Posted: 18 Dec 2021, 00:34
[Following is a volunteer review of "Bitcoin Answered" by Jon Law.]
Cryptocurrencies, especially Bitcoin, have been a trending topic in recent days. Along with the increased interest, there are also a lot of myths and doubts surrounding the topic. Bitcoin Answered is a guide for anyone who is interested in Bitcoin. It is written by Jon Law. The book is written in an interesting question-and-answer format. The writer poses a question on each page, and as an answer, explains a concept. The book starts with the definition of bitcoin and its origin. It explains the blockchain mechanism through which bitcoin and other cryptocurrencies work. The book then goes on to explain the price history of bitcoin and its supply and demand. The author defines bitcoin mining and its profitability. The book also provides a list of words that are commonly used in the bitcoin industry and their definition.
The author also answers common doubts and myths about investing in Bitcoin. The book explains the security and risk involved in the currency. It also briefly touches on other types of cryptocurrencies like Ethereum, Cardano, Binance Coin etc. A resources section is attached at the end of the book with the details of external resources that will help in understanding Bitcoin better. The resources included books, podcasts, YouTube Channels and News Services. The author also attached a very useful dictionary that explains the Bitcoin jargon in alphabetical order.
The thing I liked the most about the book is its simplicity. The author didn’t use highly technical terms, making it easy for even laymen to understand the concepts easily. The author has been unbiased in explaining the pros and cons of Bitcoin. He explains that although Bitcoin provides very high returns; the risk is also very high. He also explains that Bitcoin works with an outdated technology compared to other types of cryptocurrencies prevalent today. The author has provided various bar graphs and figures that will help the readers understand the concepts clearly. The author also provided a small list of things the investors have to consider before making an investment. I found it very helpful.
There is nothing I disliked about the book. I didn’t find any errors. The book seemed to be professionally edited. It is a quick read. The question-and-answer format makes the concepts very easy to understand.
I give this book 4 out of 4 stars because it is a very useful guide to Bitcoin investment. I recommend it to young adults and adults who are interested in learning the basics of Bitcoin investment.
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Bitcoin Answered
View: on Bookshelves | on Amazon
Cryptocurrencies, especially Bitcoin, have been a trending topic in recent days. Along with the increased interest, there are also a lot of myths and doubts surrounding the topic. Bitcoin Answered is a guide for anyone who is interested in Bitcoin. It is written by Jon Law. The book is written in an interesting question-and-answer format. The writer poses a question on each page, and as an answer, explains a concept. The book starts with the definition of bitcoin and its origin. It explains the blockchain mechanism through which bitcoin and other cryptocurrencies work. The book then goes on to explain the price history of bitcoin and its supply and demand. The author defines bitcoin mining and its profitability. The book also provides a list of words that are commonly used in the bitcoin industry and their definition.
The author also answers common doubts and myths about investing in Bitcoin. The book explains the security and risk involved in the currency. It also briefly touches on other types of cryptocurrencies like Ethereum, Cardano, Binance Coin etc. A resources section is attached at the end of the book with the details of external resources that will help in understanding Bitcoin better. The resources included books, podcasts, YouTube Channels and News Services. The author also attached a very useful dictionary that explains the Bitcoin jargon in alphabetical order.
The thing I liked the most about the book is its simplicity. The author didn’t use highly technical terms, making it easy for even laymen to understand the concepts easily. The author has been unbiased in explaining the pros and cons of Bitcoin. He explains that although Bitcoin provides very high returns; the risk is also very high. He also explains that Bitcoin works with an outdated technology compared to other types of cryptocurrencies prevalent today. The author has provided various bar graphs and figures that will help the readers understand the concepts clearly. The author also provided a small list of things the investors have to consider before making an investment. I found it very helpful.
There is nothing I disliked about the book. I didn’t find any errors. The book seemed to be professionally edited. It is a quick read. The question-and-answer format makes the concepts very easy to understand.
I give this book 4 out of 4 stars because it is a very useful guide to Bitcoin investment. I recommend it to young adults and adults who are interested in learning the basics of Bitcoin investment.
******
Bitcoin Answered
View: on Bookshelves | on Amazon