A Beginner's Guide To Bitcoin Paperback – January 1, 2021

*as it appears on TalkingPulpI first discovered Matthew R. Kratter when, on a whim, I picked up his book A Beginner's Guide to the Stock Market. After reading that, I started following his channel on YouTube and as he delved more into cryptocurrency, specifically Bitcoin, he became just one of two channels that I actually listen to and take their insight seriously. The other channel is Crypto Tips, for those who might be wondering.Kratter's stock market book was rather good so when he announced this one, I was pretty excited.So this is a pretty short book and in fact, I read it in a single sitting.However, for something only 60 or so pages, it is chock full of not just useful information but great information. Kratter knows Bitcoin exceptionally well and this is, hands down, the best book I've read on the subject, as it takes something that is complex and overly technical to the average person and explains it very simply and thoroughly.My favorite part of the book was the section where he answers common questions and dispels common myths and concerns. While I'm 100 percent on board with Bitcoin, there are still worries I've had, even keeping up on it for almost a decade now. Kratter put some of those real concerns at ease and this is something that I'm sure I will continue to reference, as time goes on.I enjoyed this so much and thought it was pretty close to perfect that I also got copies for friends who are interested in the crypto space but very apprehensive about it, even though they see my success with it.Frankly, this past week has exposed major flaws and deep corruption in the Wall Street system, as hedge funds have fallen to Redditors with an axe to grind.DeFi is the way of the future and the true road towards freedom. There isn't a better time than now to get on board.This book will help you get there.Rating: 9.5/10Pairs well with: Matthew R. Kratter's other books, online courses and his YouTube channel Trader University.

This book from Matthew Kratter has the most truthful and authoritative information on Bitcoin. I say this after researching Bitcoin for many hundreds of hours.Read the book. Listen to the Kratter videos on YouTube. You will thank me later.Kratter’s writing is clear, straightforward, and refreshingly free of useless clutter. He always gets right to the bottom line. Exactly what you might expect from a retired hedge fund manager with a warmhearted determination to share his knowledge with the public.It is especially exciting that the poor and the middle class can change their lives with Bitcoin. He shows you how.Another reviewer balked at the idea that you should never sell your Bitcoin, but he never seriously addresses the reasoning behind that recommendation."Never sell your scarce assets" is standard financial advice, routinely given to families with wealth based upon scarce assets that will appreciate for generations. Bitcoin is precisely that type of scarce asset.Suppose, for example, your family wealth is based upon a sprawling California estate on the shores of the Pacific, with spectacular views, gorgeous forests, and velvety grounds. There are many great ways to reap megaprofits from the estate while retaining your ownership. There is no need to sell, lose a mint in taxes, and miss out on all its future appreciation.Nobody wants to be the Dad who sold the rights to the Beach Boys songs for a few hundred thousand bucks.The same reasoning holds for Bitcoin. Many investment experts (Catherine Wood, for example) expect $500,000 per Bitcoin in a surprisingly short time. They also think Bitcoin will then go much higher. You have many ways to profit handsomely from your Bitcoin without selling.For details on what to do, read the book. Watch the videos. Learn. Collect profits. Thank the man for sharing his expertise.Oh, and one more thing: act fast. The sooner the better.

This book gets straight to the point: explaining the use case and value proposition of Bitcoin. Matt gives a compelling argument for why Bitcoin will replace gold. This discussion leads nicely into the valuation models for Bitcoin. After reading other books that get into much more detail, I found this book gave me a nice reminder of the basics. A key insight is that Bitcoin has a network infrastructure that is superior to the alternatives. As Matt explains, any developer can create an alternative blockchain software, but the success of a crypto currency is determined by the network participants and the resulting infrastructure. The bigger the network, the more the demand, and the greater the number of miners; the larger the capital flow; creating a reinforcing, positive, feedback loop. My only complaint is that the book is too short (about 50 pages).