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Summary of Glen Goodman's The Crypto Trader, EPUB eBook

Summary of Glen Goodman's The Crypto Trader EPUB

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#1 I met with a painfully shy Dutch post-grad student named Lars who’d started mining Bitcoin on his laptop when it was still worth just $3 a coin. Then he watched, bewildered, as the price rose to $100,000.

#2 I began trading Bitcoin in 2013, after the Mt. Gox exchange was hacked and 850,000 Bitcoins were stolen. The price of Bitcoin fell from a high of about $1,200 per coin to a low of $160, a fall of more than 85%.

#3 A cryptocurrency is a digital currency that only exists online. It has no physical notes or coins. You can usually only acquire it or spend it over the Internet, which involves transferring it from one account to another.

#4 In 2017, the world began to realize and appreciate the value of Bitcoin. As a result, interest in and prices of cryptocurrencies skyrocketed. However, as with all booms and manias throughout history, by the time most people got interested, the peak was already within sight.

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