Review of Bitcoin Answered

Humera955 · Post by **Humera955** » 30 Mar 2022, 08:16

[Following is a volunteer review of "Bitcoin Answered" by Jon Law.]

4 out of 4 stars

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Bitcoin Answered: A Beginner’s Guide to Everything Bitcoin is a non-fiction book by Jon Law and Alan John. As the name suggests this book is all about Bitcoin. The novel begins with the vast chronicle of Bitcoin history then proceeds towards a brief explanation of how all the cryptocurrency operates through a Blockchain.

Some remarkably striking facts about Bitcoin are also highlighted in the book. There are various theories on who invented Bitcoin. Satoshi Nakamoto who is believed to be the father of cryptocurrency possesses a fortune of becoming the richest individual. Do you know? One could take a loan on Bitcoin. A little bit about how to use Bitcoin as a leverage trading option is also highlighted.

An appealing aspect includes a subtle presentation in a question-and-answer format that is very easy to understand. Not just the silver lining of cryptocurrency is presented but the readers have also been made aware of the potential risk associated with cryptocurrency. “No Woulda, Shoulda, Coulda” is one of my favorite rule from this book, and in my opinion, every investor should go through this rule once. Considering the current scenario where cryptocurrency has been given a great deal of importance in almost all countries it becomes obligatory for all of us to know a little bit about it.

I wish the author could have written more about the comparison of Bitcoin with Ethereum, as a newbie in the crypto market I am eager to know which one remains a better option for the future. Another point I wanted to perceive in detail is, how a Bitcoin gets taxed. Otherwise, I did not find any negative points; this book is a concise form of all the things one needs to know about Bitcoin.

I give this book 4 out of 4 stars as it deserves no lower rating. It seems to be professionally edited as I did not detect any errors. It does not contain any profane language as well. It was an agreeable experience reading about an investment option that is quite trending these days. This book is solely for those who are new to the crypto world and would want to know about the functioning of crypto. This title does not give any investment advice and is for learning purposes only. Those readers who know the terminologies of the stock market would follow this book better. The most convenient point is, you do not need to be from a finance background to understand this book.

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Bitcoin Answered
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Laww · Post by **Laww** » 06 Apr 2022, 01:50

With such an awesome review, I am commencing reading this book. I hope it widens my knowledge around Bitcoin and crypto 8n general. Great review.

chinonye-nonye · Post by **chinonye-nonye** » 06 Apr 2022, 01:54

I think bitcoin is a topic what reading about. There are a lot of uncertainties associated with it. Anyway a comparison could have helped make more meaning and understanding of bitcoin

Oyedele Tomijane · Post by **Oyedele Tomijane** » 06 Apr 2022, 08:35

To most people, cryptocurrency is a mystery. When you mention Bitcoin today, the majority of people think that it is a scam. I am glad that this author took the time to elaborately lay it bare for the common man. Thanks for the lovely review.

Aisha Yakub · Post by **Aisha Yakub** » 06 Apr 2022, 13:11

I think a lot of readers may gain clarity about cryptocurrency by reading this. Great review.

Francis Aderogbin · Post by **Francis Aderogbin** » 07 Apr 2022, 13:08

I would love to learn more about Satoshi. That man has liberated so many from poverty. Thanks for this wonderful review. "No Woulda, Shoulda, Coulda”.

Jumana Fawmi · Post by **Jumana Fawmi** » 08 Apr 2022, 09:33

I would like to know a bit more about Bitcoin and crypto in general as an interested newbie. I think this book would be a bit helpful. Nice review thank you!

Soraya Bayah · Post by **Soraya Bayah** » 08 Apr 2022, 13:20

If it were not for my lack of interest in bitcoin, I would have certainly read this book. It seems the author did a great job with organizing his ideas, especially for newcomers. Thank you for the well-rounded review!

Chesko · Post by **Chesko** » 09 Apr 2022, 04:19

The book sounds informative and insightful on matters of bitcoin investment. Thanks for this recommendation.

Mildred Echesa · Post by **Mildred Echesa** » 16 Apr 2022, 01:11

The whole concept of Bitcoin is something that the current world has to understand because it's where the world is truly heading. This is an informative and important book. Thanks for the detailed review

Amy Luman · Post by **Amy Luman** » 16 Apr 2022, 08:16

I don’t understand anything about Bitcoin, or cryptocurrency in general. I didn’t understand how the whole debit card thing worked when it first came out, but I learned. I suppose that’s what will happen here, too.