11-year-old publishes Amazon bitcoin book
The 57-page guide explores cryptocurrency, providing readers with a brief history and simple explanations.
Andrew K. Courey is no ordinary kid. Although he enjoys playing sports, messing with his iPhone and attends middle school, the 11-year-old has also self-published his very own easy-to-understand cryptocurrency guide.
The youngster wrote and released “Early Bird Gets The Bitcoin: The Ultimate Guide to Everything About Bitcoin”, an electronic book priced at $2.91. Physical copies are also available at a cost of $8.04 on Amazon.
Courey published the book using Amazon’s Kindle Direct Publishing – a fast, easy and free way for authors and publishers to maintain control and publish their books worldwide on the Kindle and Kindle reading apps.
In his book’s introduction, Courey said that he wrote the guide after developing a passion for cryptocurrencies; reading lots of articles, books, blogs and watching YouTube videos about the innovative, new technology.
“A lot of people kept asking me the same questions about bitcoin… I did not think anything really captured all the important points in plain language in one place with useful examples and analogies,” Courey said.
The 57-page guide introduces readers to bitcoin by providing a brief history of the cryptocurrency, the blockchain technology that supports it, straightforward explanations of related terminology and more.
“Anyone can learn about cryptocurrencies if they’re willing to spend 70 to 80 hours researching every source until they find a couple sources that make sense,” Courey told CNBC in a recent interview.
Courey’s book explores the reason for bitcoin mining, uses of digital wallets, bitcoin hacks, investment strategies, market crashes, initial coin offerings (ICOs) and other virtual currencies, such as ethereum.
“Bitcoin is a kind of online money that you can use to buy things,” according to Courey’s bitcoin guide.
The guide poses the question, why would anyone want cryptocurrency instead of normal currency? Courey suggests that because governments can print currency “whenever they want” it can lose value over time.
“This is called inflation,” Courey explains. “With bitcoin there is no inflation.”
“The great thing about bitcoin is that there is a maximum amount of bitcoin that will ever be created: 21 million. Once 21 million coins are mined, no more will be created ever,” according to the early bird guide.
Around 80% of all bitcoin supply has been mined, with 4.2 million coins remaining until the total is exhausted.
The cryptocurrency craze has caught fire in the last few months. Thousands of people sign up on daily to buy, hold and trade virtual currencies. Blockchain networks and exchanges that run them are bursting at the digital seams. However, many traders are inexperienced and uninformed, which can lead to errors in judgement.
In order to assist crypto enthusiasts to learn about the burgeoning industry and make better decisions, Crypto Virtual Summit co-founder Amateo Ra recently created and released the Ultimate Crypto Kickstart Guide.
You can learn all about different exchanges, understand exactly how to buy and sell cryptocurrencies, calculate your taxes, discover digital wallets to hold assets and explore a list of all the alternative coins on the market.