Be The Bank E-Book

J.D. Hyter

• Herausgeber: J.D. Hyter
• Kategorie: Fachliteratur
• Sprache: Englisch

Veröffentlichungsjahr: 2022

Beschreibung

In February 2020, I owned zero cryptocurrencies. By February 2023 I will own some of all the blue chip coins and a few long shots for good old diversification.

I spent a good solid year paying an online academy to learn the landscape of the crypto market. From that I gained valuable information that has kept my coins safe from the wolves. 

Did you know if you buy your cryptocurrency on Coinbase and leave it there you don't own those coins?  I didn't know that either. In this space what you do not know will hurt your pockets.

Once I was up and going my family wanted to build crypto portfolios so we began doing family zoom meetings. I found out then how little the average person knows about the crypto market.

 I then thought the world needs a manual on how to build a cryptocurrency portfolio. It's not hard to do if you know the fundamentals. So that is the value I deliver in this book. 

If you're interested in building a cryptocurrency portfolio, then this book is for you! I'll explain everything you need to know about cryptocurrency portfolio building.  From the different types of crypto wallets to the best exchanges to use. 

We'll cover Tokenomics and market cycles as a bonus!  The step by step format of this book will have you buying and storing your cryptocurrency like the pros. Learn to earn and realize that you can "Be The Bank"

Leseprobe

BE THE BANK

A Guide for Building a Cryptocurrency Portfolio

By J.D. Hyter

Contents

Forward

Introduction

Money is TechnologySecurity 101Crypto WalletsCrypto ExchangesBlockchain 101Buy, Sell, Deposit, SendMarket CyclesThe Power of Stable CoinsStaking and Yield FarmingTokenomics

Resources

Forward

I remember the moment like it was yesterday. My father and I were standing in the upstairs hallway at our house on Wolcott Street in Flint Michigan. The year was 1987 and I was eight years old. My father was giving me the third degree because I was not jumping up and down in excitement to go to work with him.

The hallway we were standing in was part of a six-bedroom, three-bathroom home. My dad was providing a good living for us. He is a master plumber and former business owner who is very skilled in his trade.

Master plumbing had passed down to him from his father. My grandfather had learned the trade by looking over the shoulders of white men. These men would later take credit for his work during inspections. He got tired of that and went on to become a licensed Master Plumber in the state of Texas.

As my father was explaining that he was not going to raise a lazy son, I remember my rebuttal like it was yesterday.

“I DO NOT WANT TO WORK WITH MY HANDS, I WANT TO WORK WITH MY MIND.”

I was so certain about myself at that moment. Which is funny because I had no idea what I wanted to do for a living. I knew I didn’t like the family business. I can still remember the look on my dad’s face. I would say I broke his heart that day.

He stopped his whole speech to me and walked off. This was unusual; I mean he walked off and left me. He didn’t even make me come to work with him. That’s how I knew I had hurt his feelings, but I could not take it back. I was being honest and 50% lazy because he did actually pay me to work with him.

Fast forward to 2022. I was on a three-way call with my dad and my uncle. I was teaching them how to trade bitcoin. My father proudly said to his brother, man I am glad this boy didn’t become a plumber.

Life is so funny, isn’t it?

Back in 1987, my father had no idea I would make a living working with computer programs and trading crypto. He helped me live my dreams when he bought us a Hewlett Packard computer in 1995. That’s the year I fell in love with technology.

One thing my father and I had in common was the desire to be entrepreneurs. My grandfather also owned a gas station and left each of his children a piece of land. That’s hard to do if you only work a 9 to 5.

I am writing this book for my dad. I respect him because he paved the way for me to be able to work with my mind and not my hands. My father is 77 now and he picks up new technology easy when it’s explained well.

I intend to explain how to build a cryptocurrency portfolio to the best of my ability. I desire for my dad and everyone else to grab a piece of this cryptocurrency pie. I pray that this book will be of great value to its readers and a tribute to my father. I thank him for always supporting me and letting me find my own way in this world.

Introduction

I have two main goals for this book. First, I want to remove the FEAR from cryptocurrency investing. Second, I want to help create millions of crypto investing success stories.

Investing in the crypto market is much like investing in the stock market. You do some research on a business to see if you like their product. Then you buy stock in the company, but instead of purchasing a stock share you buy a coin.

Crypto coins and stocks work the same. If the stock share increases in value, you make money. If a cryptocurrency coin increases in value, you make money. You already know the concept. All you need to learn is how to navigate the market.

You are reading this book because you sense a change in the way money is being made and used. Bitcoin is a new form of gold, many call it digital gold. If you had invested $1,000

In bitcoin 5 years ago, you would have over $100,000 today. There are few assets in the world that have performed like bitcoin.

The crypto market at the time that this is being written is a 1.2 trillion-dollar market. I am sure you have heard some negative press around the crypto market. All markets go through up and down cycles and all have bad actors to watch out for.

In all types of investing there is always risk, which I have accepted. What I don’t want, though, is to get robbed or make a user mistake and I know you don’t either. That’s why we will begin this book discussing security. From there we will move onto how and where to buy coins and then how and where to store the coins to keep them safe.

I need to discuss one thing before we dive in. I need you to understand that money is a form of technology. When you grasp this concept you will understand how cryptocurrencies are the future. Then you will approach the crypto market knowing you are playing the right game at the right time. So, let’s talk about money!