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The Ultimate Guide to Bitcoin

The Ultimate Guide to Bitcoin

          
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About the Book

The whole truth about Bitcoin…So you can decide for yourself!   Bitcoin: it’s the worldwide virtual currency everyone’s talking about. But most explanations of Bitcoin are completely bewildering—they’re either written by people in thrall with it or by those appalled by the very notion of an alternative currency. What’s the real story? How does Bitcoin work? Where did it come from? What’s it good for? How do you get, store, and spend Bitcoins? And should you?   The Ultimate Guide to Bitcoin answers all your questions—honestly, objectively, and in plain English. Michael Miller has spent his life demystifying complicated ideas and technologies: he’s helped more than 1,000,000 readers in over 150 easy-tounderstand books. Now, he explains Bitcoin in ways everyone can understand.   Miller will help you decide for yourself if Bitcoin should be part of your life. And if the answer is “Yes,” he’ll help you make the most of it! Is Bitcoin the currency of the future—or just the latest scam? Why does anyone think Bitcoins have value? Are Bitcoins legal? Are Bitcoins really untraceable? How and where can I buy Bitcoins? How do I choose a Bitcoin exchange? How do I find out what my Bitcoins are worth? Can I trade Bitcoin just like other currencies? Can I really mine my own new Bitcoins? Is Bitcoin taxable? Where should I store my Bitcoins? How much Bitcoin fraud and theft really exists? Which merchants accept Bitcoin? How safe—or risky—is Bitcoin? How does Bitcoin compare to other virtual currencies? What’s the future of Bitcoin?

Table of Contents:
1  Bitcoin: The Future of Currency?   1 Bitcoin in the News   2 What Is Bitcoin?   3 No, Really, What Is Bitcoin?   5 What Famous People Are Saying About Bitcoin   6 Does Bitcoin Really Matter to You?   7 2  Understanding Virtual Currency   9 What Is Currency?   10 What Is Virtual Currency?   11 What Are Digital Currency and Cryptocurrency?   13 Is Bitcoin a Virtual Currency?   14   3  A Short History of Bitcoin   17 Virtual Currency Before Bitcoin   18 Then Came Bitcoin   23 Bitcoin Today   32   4  How Bitcoin Works   33 Understanding Bitcoins   34 Walking Through Some Typical Bitcoin Transactions   35 Managing Bitcoin Transactions   40 Understanding Bitcoin Denominations   42 Verifying Transactions and Creating New Bitcoins   43 Understanding Bitcoin Encryption   45   5  Determining Bitcoin Value   49 Does Bitcoin Have Value?   50 Who (or What) Decides How Much a Bitcoin Is Worth?   52 How Much Is a Bitcoin Worth, Anyway?   53 How Has Bitcoin’s Value Changed Over Time?   54 Where Can You Find the Current Value of Bitcoin?   57   6  Should You Use Bitcoin?   61 Who Bitcoin Was Originally Designed For   62 Who Uses Bitcoin Today—and Why   63 Is Bitcoin for You?   67 What Next?   70   7  Trading on Bitcoin Exchanges   73 How Bitcoin Exchanges Work   74 How to Choose the Right Exchange   76 Exploring the Big Five Bitcoin Exchanges   77 Discovering Other Popular Exchanges   82 Making a Trade   85   8  Storing Bitcoins with a Bitcoin Wallet   89 Understanding Bitcoin Wallets   90 Examining Different Types of Bitcoin Wallets   91 Using a Bitcoin Wallet   97 Securing Your Bitcoin Wallet   98   9  Spending Bitcoins   103 Who Accepts Bitcoin Payments?   104 Paying with Bitcoin   108 Converting Bitcoin to Gift Cards   110 Using Bitcoin ATMs   111   10  Accepting Bitcoin Payments   115 Should You Accept Bitcoin Payments?   116 Evaluating Bitcoin Payment Processors   117 Accepting Bitcoin on Etsy   120   11  Mining Bitcoins   123 What Is Bitcoin Mining?   124 How Bitcoin Mining Works   125 Can You Be a Bitcoin Miner?   129 Joining a Bitcoin Mining Pool   134 Making Money Mining—Or Not   138   12  Speculating in Bitcoin   141 How to Speculate in Bitcoin   142 Speculating Is Risky   143 Speculating Can Pay Big Rewards   145 Should You Speculate in Bitcoin?   145 Five Tips for Speculating in Bitcoin   148   13  The Many Risks of Using Bitcoin   151 It’s Not Legal Tender   152 It’s Not Backed by Anything or Anybody   152 It’s Not Regulated or Insured   153 You Can’t Get Your Money Back   153 It’s Not Completely Secure   154 It’s Extremely Volatile   155 Some of the Players Are Less Than Upstanding   156 It’s Not Widely Accepted   156 It’s Not Understood   157 Powerful People Don’t Like It   157 It’s an Experiment   158 Bottom Line: You Could Lose Your Money   158   14  Exploring Other Virtual Currencies   161 Why Do We Need Even More Virtual Currencies?   162 Evaluating Alternative Virtual Currencies   163 Where Can You Trade All These Virtual Currencies?   172   15  Peering into the Future of Bitcoin   175 Scenario #1: Everything Is Awesome!   176 Scenario #2: Realizing Potential   177 Scenario #3: More of the Same   178 Scenario #4: It’s Marginalized   179 Scenario #5: Hell in a Handbasket   180 Which Future Will It Be? 181   A  Glossary   183   B  Resources   191 Information and Advocacy   191 Pricing and Charts   192 Feeds, Forums, and Message Boards   192 Exchanges   192 Wallets   194 Payment Processors   195 Mining Hardware   195 Mining Software   195 Mining Pools   195 Other Virtual Currencies   196   C  How to Read Bitcoin Charts   197 Line Pricing Charts   198 Candlestick Pricing Charts   198 Column Volume Charts   200 Combination Charts   200 Trend Lines and Channels   201   D  Donating (and Accepting) Bitcoins for Charity   203 Giving with Bitcoin   203 Accepting Bitcoins for Your Charity   206   E  Creating an Unhackable Paper Bitcoin Wallet   207 Understanding Paper Wallets   207 Creating a Paper Wallet   208   F  Why Prices Go Down   11   G  Bitcoin and Apple Pay   215   Index   217


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Product Details
  • ISBN-13: 9780789753243
  • Publisher: Pearson Education (US)
  • Publisher Imprint: Que Corporation,U.S.
  • Depth: 13
  • Language: English
  • Returnable: N
  • Spine Width: 13 mm
  • Weight: 330 gr
  • ISBN-10: 0789753243
  • Publisher Date: 06 Nov 2014
  • Binding: Paperback
  • Height: 229 mm
  • No of Pages: 240
  • Series Title: English
  • Sub Title: Mine and Spend Bitcoins
  • Width: 156 mm


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