10 Books to Learn About Cryptocurrency and Trading

Navigating the intricate world of cryptocurrency can be daunting, particularly for newcomers. However, a wealth of resources exist to help you comprehend and traverse this thrilling and rapidly changing landscape. One of the most effective ways to learn about cryptocurrency is by delving into books penned by subject matter experts. 

This article will guide you through a selection of the most insightful books on cryptocurrency, categorized by their complexity level, and will also spotlight books specifically designed for cryptocurrency trading.

The Importance of Educating Yourself About Cryptocurrency

Before diving into the list of books, it's crucial to understand why educating yourself about cryptocurrency is so important. Cryptocurrency, while an exciting and potentially lucrative field, is also complex and fraught with risks. It operates on technology and principles that are vastly different from traditional finance, and it's evolving at a rapid pace.

Many people are drawn to the world of cryptocurrency by the prospect of quick and substantial profits. Stories of early investors becoming 'Bitcoin millionaires' overnight have fueled a gold rush mentality. However, without a solid understanding of what cryptocurrency is, how it works, and the risks involved, it's easy to make costly mistakes.

One common mistake is investing in a cryptocurrency without understanding its underlying technology or purpose. With thousands of cryptocurrencies available, each with its own unique features and uses, it's essential to know what you're investing in. Some cryptocurrencies are designed to be digital currencies, others to support decentralized applications, and others still have more niche uses. Investing without understanding these differences is like buying a stock without knowing what the company does.

Another common mistake is not understanding the volatility of the cryptocurrency market. Cryptocurrency prices can fluctuate wildly in a short period, and it's not uncommon for a coin's value to halve or double overnight. Without a solid understanding of the market and a clear investment strategy, it's easy to panic and make poor trading decisions.

Finally, the world of cryptocurrency is unfortunately rife with scams and fraud. From 'pump-and-dump schemes to outright theft, there are many ways that unscrupulous individuals take advantage of uninformed investors. Educating yourself about these risks and how to avoid them is one of the best investments you can make.

Reading books about cryptocurrency is one of the best ways to educate yourself. They can provide in-depth, accurate, and up-to-date information and can explain complex concepts in an understandable way. Whether you're a beginner looking to make your first investment or an experienced trader looking to broaden your knowledge, there's a book out there for you.

Best Books to Learn About Cryptocurrency

Beginner Level

The Basics of Bitcoins and Blockchains: by Antony Lewis 

This book offers a comprehensive introduction to the universe of cryptocurrencies and the technology that powers them. Antony Lewis simplifies complex concepts into easy-to-understand language, making it an ideal read for beginners. The book covers everything from the basics of Bitcoin and blockchain technology to the future of digital currencies.

Web3 Simplified: by Steve Sarner

Steve Sarner's book is a simplified guide to the world of blockchain, Bitcoin, and other cryptocurrencies. It also covers topics like NFTs and the Metaverse, making it a comprehensive guide for beginners. Sarner's clear and concise writing style makes complex topics accessible to readers with no prior knowledge of the subject.

The Only Bitcoin Investing Book You’ll Ever Need: by Freeman Publications

This book acts as a comprehensive beginner's guide to investing in Bitcoin. It provides a detailed introduction to the world of Bitcoin and its transformative impact on the world of finance. The book also offers practical advice on how to invest in Bitcoin and other cryptocurrencies.

Intermediate Level

The Age of Cryptocurrency: by Paul Vigna and Michael J. Casey 

In this book, Paul Vigna and Michael J. Casey explore how Bitcoin and other digital currencies are challenging the global economic order. This book is suitable for readers who have a basic understanding of cryptocurrencies and want to learn more about their impact on the global economy. The book explains everything using real-world examples and research to illustrate its points, making the book both engaging and knowledgeable.

Blockchain Bubble or Revolution: by Neel Mehta, Aditya Agashe, and Parth Detroja 

This book delves into the current state and future prospects of blockchain and cryptocurrencies. It's suitable for intermediate readers who want to understand the potential impact of these technologies on the world. The authors discuss both the potential benefits and challenges of blockchain and cryptocurrencies, providing a balanced and nuanced view of these technologies.

Advanced Level

Tracers in the Dark: by Andy Greenberg 

 In this book, Andy Greenberg offers a detailed account of the global pursuit of cryptocurrency crime lords. This book is suitable for advanced readers who have a good understanding of cryptocurrencies and are interested in the darker side of the industry. Greenberg's investigative journalism background shines through in this gripping and detailed account of the criminal underworld of cryptocurrency.

The Cryptopians: by Laura Shin

Laura Shin delves into the creation of the first major cryptocurrency craze. This book is suitable for advanced readers who are interested in the history and development of the cryptocurrency industry. Shin combines meticulous research with engaging storytelling to create a compelling narrative of the early days of cryptocurrency.

Books for Cryptocurrency Trading

Cryptocurrency trading can be a lucrative venture if done correctly. It requires a deep understanding of market trends, knowledge of different cryptocurrencies, and the ability to make decisions under uncertainty. Here are some books that can help you at different stages of your cryptocurrency trading journey.

Beginner Level

Bitcoin and Cryptocurrency Trading for Beginners 2021: by Nicholas Scott

This book is a comprehensive guide for beginners who want to start investing in cryptocurrencies. It covers a wide range of topics, including Bitcoin, Altcoins, Non-Fungible Tokens, and Crypto Art. The book provides practical tips and strategies to make massive profits in the crypto market.

Intermediate Level

Cryptocurrency - How I Turned $400 into $100,000 by Trading Cryptocurrency: by Chris Lambert

In this book, Chris Lambert shares his personal experience of turning a small investment into a large profit through cryptocurrency trading. This book is suitable for intermediate traders who already have some basic knowledge about cryptocurrencies and are looking to improve their trading strategies.

Advanced Level

Chart Logic - Technical Analysis Handbook: by R.S. Varnes J.D.

This book is a comprehensive guide to technical analysis and trading strategies in the cryptocurrency market. It's designed for advanced traders who want to outperform basic buy-and-hold investors. The book covers a wide range of tools and strategies that can help traders make informed decisions and maximize their profits.

Classification of Books

Remember, the classification of the books into beginner, intermediate, and advanced is subjective and depends on the reader's prior knowledge of cryptocurrencies and trading. It's always a good idea to read reviews and summaries before deciding which book to read. Whether you're a beginner looking to make your first investment, an intermediate trader looking to improve your strategies, or an advanced reader interested in the darker side of the industry, there's a book out there for you. 

Happy reading and trading!

Disclaimer: Cryptocurrencies are highly volatile and subject to market, technical, and regulatory risks. Crypto trading requires one’s own diligence, and Cryptoforce will not be responsible for any losses incurred. Any information provided here should not be regarded as Cryptoforce’s technical or financial advice.