Bitcoin Millionaire: How Cryptocurrency Changed My Life and How It Can Change Yours Too
By John Clark
3/5
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About this ebook
This book will primarily appeal to people who are interested in Bitcoin and investing in other cryptocurrencies, but primarily those readers just starting out. A key goal is to appeal to existing investors, especially those with experience in traditional markets (gold, forex, options and futures). The book shows why traditional investment professionals may find an exciting opportunity in Bitcoin.
The book is an engaging and entertaining look into how Bitcoin has resulted in an unlikely crop of early investors obtaining generational wealth. The author is an early adopter and has achieved a level of success in the field that is appealing to new entrants. Even general readers may find the book interesting because it tells an engaging and entertaining story about Bitcoin’s rapid rise and how it facilitated the author’s success.
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Book preview
Bitcoin Millionaire - John Clark
Author
Any book titled Bitcoin Millionaire
conjures up all sorts of ideas about the author in the minds of readers. Titles are important for marketing, but I’m a pretty unremarkable guy. My story with Bitcoin is a story like many others, but I believe so strongly in Bitcoin’s ability to change people’s lives, I wanted to share with readers as much help as I can, including all the important lessons I learned along my own journey with Bitcoin.
If you’re reading this book, chances are you’re interested in cryptocurrencies and personal wealth. We are all fortunate to be living in one of the most exciting and transformative times both for individual sovereignty and the control of our own personal wealth. This book is about my story with the technology that has made all of this possible. The Bitcoin whitepaper was published in 2009 by an anonymous author under the pseudonym, Satoshi Nakamoto. No one knows for sure who Nakamoto is, or whether he’s alive or dead, but none of that really matters. In fact, having an anonymous inventor is kind of cool, because there’s no single person attached to this project. This makes it easier for the project to be universal, and accepted by all.
The Bitcoin whitepaper described how blockchain technology could facilitate a truly decentralized system in which trust was assured by the system components itself. Eliminating the need for a central authority, Bitcoin represented a paradigm shift in our approach to money. In the years since it was first introduced, Bitcoin has gone on a wild ride, from controversial curiosity, to legitimate asset class. Today, many investors are seeing how early adopters have benefited and they’re looking to make money on Bitcoin too.
Far from a technical book about Bitcoin, this is a story about my own experience investing in Bitcoin and the cryptocurrency space. While I do not hold myself out as an expert, I have been in investing in cryptocurrencies since 2012, and I owe the entirety of my current net worth to Bitcoin gains. My goal here isn’t to brag about how much I’ve made off Bitcoin, but only to show you that I’ve enjoyed some modest success thanks to some great timing, trust, and a little luck. I can’t share any secret investing strategies with you, because to be honest, there aren’t any. Anyone who tells you differently is trying to sell you something.
Crypto is a very new space, and so we’re writing the rules as we go. But for those of you with prior experience in investing, you’ll find some interesting realities about investing in Bitcoin that differ from your typical experience. If you keep an open mind, do lots of critical thinking, and put in the time needed to research, you’ll do better than most. In the chapters that follow, I’ll share some of the experiences I’ve had and how they’ve led me to particular insights about investing in cryptocurrency. While I’m no expert, I hope that my story can inspire you to start your own journey in the cryptocurrency space, especially as there are many exciting developments to come.
Before we begin, a word of caution: nothing in this book should be taken as investment advice. What worked for me just may not work for you. Moreover, because change is so rapid in the crypto space, what holds true at one time will not necessarily remain constant. My story is meant to excite you and help you understand what exactly is possible in this very new and very exciting industry. Sometimes I’ll present a particular opinion, but I always try to explain why I feel a certain way, or choose to embrace a particular strategy. I want to explain the logic behind some of my decisions, so that you can make your own decisions. As a novice investor, I made lots of regrettable decisions along the