The truth about Crypto : your investing guide to understanding Blockchain, Bitcoin, and other digital assets

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The truth about Crypto : your investing guide to understanding Blockchain, Bitcoin, and other digital assets / Ric Edelman.

Summary:

Don't miss this straightforward, practical guide to the newest frontier in investment strategy - crypto. Featuring the prophetic insights youd expect from an acclaimed financial advisor, 'The Truth About Crypto' is fun to read and easy to understand. Best of all, Edelman shows how blockchain works, the difference between digital currency and digital assets, and a comprehensive look at every aspect of the field. This book is a must-read guide if you want to achieve investment success today.

Record details

ISBN: 9781668002322
Physical Description: xxx, 357 pages : illustrations ; 23 cm
Publisher: New York : Simon & Schuster, 2022.
Copyright: ©2022

Content descriptions

General Note:: Includes index.

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Subject:: Cryptocurrencies.
Electronic funds transfers.

Available copies

1 of 2 copies available at BC Interlibrary Connect. (Show)
1 of 1 copy available at Valemount Public Library.

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Location	Call Number / Copy Notes	Barcode	Shelving Location	Holdable?	Status	Due Date
Valemount Public Library	anf 332.4 ede (Text)	35194014334148	Adult non-fiction	Volume hold	Available	-

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Author Notes

Table of Contents

Reviews

Summary

Helpful Lists You'll Find Inside: The Investments, Products, Services, and Companies in the Blockchain and Digital Assets World

Foreword

(14)

Welcome

(2)

Let's Use the Right Words

(2)

Disclosure

(2)

Now, You're Ready to Begin!

(4)

Part One Understanding the Technology

Chapter 1 The Four Most Transformative Innovations in the History of Commerce

(3)

Chapter 2 Why Blockchain Is So Transformative

(12)

The Features of Blockchain

(1)

The Benefits of Blockchain

(1)

Consumer Purchases

(1)

Remittances

(1)

Corporate Financing

(1)

Foreign Trade

(1)

Programmable Money, aka Smart Contracts

(1)

Micropayments

(1)

Supply Chain Management

(2)

Self-Sovereign Identity

(1)

The Most Important Benefit and Use of All

(3)

Chapter 3 How Blockchain-and Bitcoin-Came to Be

(5)

The Problem of Double Presentment

(1)

The Introduction of Bitcoin

(1)

What Motivated Satoshi to Fix That Banking Problem by Inventing Bitcoin

(3)

Chapter 4 How Blockchain Works

(8)

Public and Private Keys

(1)

Public vs. Private Blockchains

(5)

Part Two Understanding Bitcoin and Other Digital Assets

Chapter 5 How Bitcoin Works

(21)

Where Is Bitcoin Stored?

(1)

How Do We Know That Data on the Nodes Are Authentic?

(1)

Why Would Anyone Bother to Authenticate My Data?

(1)

Mining

(2)

Proof of Work vs. Proof of Stake

(1)

How Many Bitcoins Will Be Created?

(2)

Types of Wallets

(2)

The First Known Commercial Use of Bitcoin

(4)

Other Ways to Receive Coins

(1)

Forks

(1)

Airdrops

(1)

Concerns About Bitcoin's Involvement with Illicit Activity

(1)

Concerns About Bitcoin Mining's Impact on the Environment

(2)

Emissions, Not Energy

(3)

Chapter 6 Who Uses Bitcoin?

(7)

Who Owns Bitcoin?

(6)

Chapter 7 Why Are There So Many Coins?

(17)

The Digital Asset Universe

(1)

Base Layer Protocols

(5)

Second Layer Protocols

(4)

Financial Products and Services

(3)

Nonfinancial Applications and Services

(2)

Chapter 8 Are Digital Assets Money?

(22)

What Is Money?

(4)

Defining Money

(3)

Defining Currency

(3)

A Better Digital Currency Than Bitcoin

(1)

Stablecoins

(3)

Central Bank Digital Currencies

101

(3)

The Facebook Threat

104

(2)

Do CBDCs Threaten Bitcoin?

106

(2)

Gold vs. Bitcoin

108

(2)

Chapter 9 Tokens

110

(15)

Utility Tokens

110

(1)

Security Tokens

111

(3)

Governance Tokens

114

(1)

Non-Fungible Tokens

115

(6)

Not Just a Silly Game

121

(3)

Simple Agreement for Future Tokens

124

(1)

Chapter 10 Decentralized Finance, aka DeFi

125

(3)

Oracles

126

(2)

Chapter 11 Valuation and Pricing of Bitcoin and Other Digital Assets

128

(13)

Cost Approach

131

(1)

Market Approach

131

(1)

Discounted Cash Flow

132

(1)

Market Substitute and Utility Value

133

(1)

The Velocity of Money

133

(1)

Network Value

134

(1)

NVT Ratio

135

(1)

Stock-to-Flow Ratio

135

(1)

Speculative Value

136

(5)

Part Three Investing in Digital Assets

Chapter 12 Is It Too Late to Buy Bitcoin?

141

(5)

Chapter 13 The Risks of Investing in Digital Assets

146

(12)

Market Manipulation

146

(1)

Business and Commercial Failure

146

(1)

Technological Obsolescence

147

(1)

Consumer/Investor Demand

147

(1)

Regulatory Intervention

147

(1)

51% Attack

148

(1)

Advances in Quantum Computing

149

(2)

Rogue Custodians

151

(2)

Lost Passwords, Compromised Wallets, and Hijacked SIM Cards

153

(1)

Fat-Fingered Trades

154

(1)

Plain Ole Everyday Scams

155

(3)

Chapter 14 The Risks Are the Reason for Investing in Digital Assets

158

(4)

Modern Portfolio Theory

158

(2)

Sharpe Ratio

160

(1)

Sortino Ratio

160

(1)

Standard Deviation

160

(1)

Max Drawdown

160

(2)

Chapter 15 How Much of Your Portfolio to Place into Digital Assets

162

(8)

Ric Edelman's 1% Digital Assets Allocation Strategy

164

(3)

The Right Allocation for You

167

(3)

Chapter 16 Choosing the Right Digital Assets for Your Portfolio

170

(58)

Mining the Coins

170

(1)

Investing in the Miners

171

(2)

Buying Coins and Tokens

173

(1)

Digital Assets Exchanges

173

(2)

Choosing an Exchange

175

(6)

Custodians

181

(1)

IRA Custodians

181

(3)

Yield Farming

184

(5)

Buying Stocks of Companies That Own Coins and Tokens

189

(2)

Taking the "Picks & Shovels" Route

191

(1)

Making Bets via Derivatives

192

(4)

Buying Coins, Tokens, Picks & Shovels, Companies, and Derivatives Indirectly

196

(3)

Exchange-Traded Notes

199

(2)

OTC Trusts

201

(8)

Separately Managed Accounts

209

(3)

Turnkey Asset Management Programs

212

(1)

Venture Capital, Hedge Funds, and Funds of Funds

212

(16)

Chapter 17 How to Manage Your Portfolio's Digital Assets

228

(9)

Buy-and-Hold vs. Market Timing

228

(3)

Reducing Risk via Dollar Cost Averaging

231

(2)

Reducing Risk by Rebalancing

233

(4)

Part Four Regulation, Taxation, and Compliance

Chapter 18 How Digital Assets Are Regulated

237

(11)

How Crypto Is Regulated Around the World

242

(1)

Asia

242

(1)

Middle East

243

(1)

Europe

244

(1)

Africa

245

(1)

North America

245

(1)

Central America

245

(2)

South America

247

(1)

Chapter 19 Are Digital Assets Securities?

248

(3)

Chapter 20 How Digital Assets Are Taxed

251

(37)

Preface

251

(1)

Let's Use the Right Words

252

(1)

Introduction

253

(3)

Acquiring Digital Assets

256

(1)

Purchasing

257

(1)

Receiving Digital Assets as Payment for Wages or Services

257

(2)

Receiving Digital Assets in Exchange for Property

259

(1)

Receiving Digital Assets as Payment for Money Owed to You

260

(1)

Receiving Digital Assets as a Rebate When Using a Debit or Credit Card

260

(1)

Learn to Earn

261

(1)

Gifts Received

262

(1)

Inheritance

262

(1)

Unusual Ways to Acquire Digital Assets

262

(7)

Holding Digital Assets

269

(1)

Borrowing

270

(1)

Collateral

270

(1)

Tax Treatment of Loans

270

(2)

Ownership of Certain Trusts

272

(1)

Disposing of Digital Assets

272

(1)

Converting One Digital Asset into Another

273

(1)

Using Digital Assets as Payment for Goods and Services

273

(1)

Gifts

274

(1)

Donations

274

(3)

FIFO, LIFO, and HIFO

277

(6)

Like-Kind Exchanges

283

(1)

The Wash-Sale Rule

284

(1)

Taxation of NFTs

284

(1)

What's a Collectible?

285

(2)

If You Own a Business and Pay for Services with Digital Assets

287

(1)

Chapter 21 Operations and Compliance

288

(35)

Disclosures

289

(5)

Valuations

294

(1)

SMAs

294

(1)

ADV, Part 1, Item 5.G.7

294

(1)

ADV, Part 1, Item 8A

295

(1)

ADV, Part 1, Item 8C

295

(1)

ADV, Part 1, Schedule D, Section 5K

295

(1)

ADV, Part 2A

295

(1)

ADV, Part 2, Item 4

295

(1)

ADV, Part 2, Item 5

296

(1)

ADV, Part 3, Item 8

296

(1)

Custody

297

(1)

Qualified Custodians

298

(2)

Privacy and Confidentiality

300

(1)

Code of Ethics

301

(1)

Conflicts of Interest

302

(1)

KYC

302

(1)

AML

303

(1)

Best Execution

304

(1)

Compliance Policies and Practices

305

(1)

RFIT Program

305

(1)

Marketing

306

(1)

ADV, Part 3

306

(1)

Confidentiality

306

(1)

Dual Registrants

307

(1)

Protecting You and Your Firm--and Thus Your Clients-- When Dealing with Digital Assets Insurance Policies

307

(1)

Fidelity Bonds

308

(1)

How to Implement Digital Assets into Your Practice

309

(1)

Firm Philosophy: What Is Your Future Plan?

310

(1)

Firm Policies

311

(1)

Client Communication and Documentation

312

(6)

Internal Systems

318

(1)

Billing and Collection of Advisory Fees

318

(1)

Billing in Advance

319

(4)

Part Five Getting Started

Chapter 22 The Answers to the Ten Common Concerns

323

(8)

1 I'm Nervous About Investing in Digital Assets

323

(2)

2 It's a Fad

325

(1)

3 It's a Fraud

326

(1)

4 There's No Legitimate Way to Ascertain the Value

327

(1)

5 It's Too Volatile

327

(1)

6 It's Too Risky

328

(1)

7 I Don't Think I Need This in My Portfolio

328

(1)

8 It's Too Late to Buy Because the Price Is Too High

328

(1)

9 Bitcoin Prices Are Volatile, So I'll Wait for the Next Decline Before I Buy

329

(1)

10 I Don't Know How, or Even Where, to Begin

330

(1)

Acknowledgments

331

(2)

Glossary

333

(12)

Index

345

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Record Details

The truth about Crypto : your investing guide to understanding Blockchain, Bitcoin, and other digital assets / Ric Edelman.

Record details

Content descriptions

Search for related items by subject

Available copies

Holds