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Bitcoins and Cryptocurrency - Scam, Bubble or Currency of the Future? (Financial Learning Series Book 5)

Penned By Dueep Jyot Singh
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4.85
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Bitcoins and Cryptocurrency - Scam, Bubble or Currency of the Future? (Financial Learning Series Book 5)

Penned By Dueep Jyot Singh
4.85 17,748 Ratings
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Editor's Note:
Table of ContentsIntroductionKnowing More about Cryptocurrency and BitcoinsHow Many Satoshis Do You Have in Your Wallet?How Does a Bitcoin System WorkWalletsTotally anonymous transaction implicationsLet’s Talk about Digital RealityInvesting in Bitcoins (a.k.a. what’s life without a little bit of risk…)Monetary Standing of Cryptocurrency Vis-À-Vis GovernmentsBitcoin Funds and ScamsConclusionAuthor BioPublisherIntroductionKnowing More about Cryptocurrency and BitcoinsI have been talking about bitcoins and cryptocurrency with a number of my friends out there, because they seem to be very fascinated with this latest money exchange idea, especially as it is being publicized on the Internet extensively as the latest thing in digital currency and which is now being considered as a global money transaction phenomenon.The word “global” is a misleader and a misnomer. Around 90% of the people out there do not know about cryptocurrency, digital currency and digital cash because they couldn’t be bothered to learn about it. As long as they have currency in the shape of paper money and coins in their wallets with which to buy physical goods, why would they want to bother about any currency, which is in digital form, can be changed into local currency, and transferred into your bank account?Being practical, they also do not want to invest in anything, which like shares and debentures in a very volatile stock market have a price which fluctuates from $0.30 to $7,500 per bitcoin. There is absolutely no justification for this sort of fluctuation for a currency which appeared on the Internet, and has no legal standing anywhere in the world, acknowledged by monetary agencies and governments.This digital currency has been around for the past eight years, but it was only now that more and more people want to know whether it was a sensible idea to invest in cryptocurrency or bitcoins, because everybody was doing that.I told them that if they really wanted to invest in something and they had plenty of money floating around, why wouldn’t they want to buy gold and property. At least they had some visible proof that they had invested in a tangible asset. Also, take shares and debentures and as was the latest investment thing going around in the early 2000’s, penny shares, all of these are a gamble.But at least you know that the share market can go up because it has a solid background of economic and financial strength behind it. But what about a bitcoin which has only a digital background and absolutely no recognized monetary standing anywhere in the world except over the net? 18 million bitcoins have been mined by unknown cryptographers all over the world till date and are not acceptable legal currency of any country, known in the world today.

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Dueep Jyot Singh
The Mind Behind the Work
Dueep Jyot Singh

Dueep Jyot Singh writes contemporary fiction and has always been fascinated by character-driven stories. They hold a degree in English Literature and previously worked as an editor before transitioning to writing their own books. Dueep Jyot Singh lives with their spouse and a very vocal rescue cat.

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Anthony Miller
Anthony Miller November 30, 2025
"A very strong entry. The middle had a deliberate pace, but the climax was phenomenal. A wonderful companion for a quiet weekend."
Charles Hill
Charles Hill July 29, 2025
"A profoundly satisfying read. I adored how the story unfolded. It kept me captivated without sacrificing elegance. Worth every moment spent reading."
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Steven Roberts
Steven Roberts May 15, 2024
"Such a rich narrative. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading."
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Steven Parker August 28, 2024
"Exceeded all my expectations. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading."
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Kenneth Lee September 14, 2025
"Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. An effortless 5 stars."
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Jessica Brown
Jessica Brown April 12, 2024
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"I was completely blown away. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
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"I was completely blown away. The author orchestrated a breathtaking finale. Truly a work of art. I will undoubtedly revisit this masterpiece."
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"Masterpiece from start to finish. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I will undoubtedly revisit this masterpiece."
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"Masterpiece from start to finish. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An absolute must-read for connoisseurs of the genre."
Carol Hall
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"I thoroughly enjoyed the elegance of it. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. Quite impressive overall."
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"Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I will undoubtedly revisit this masterpiece."
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"Honestly one of the most premium reading experiences lately. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. An effortless 5 stars."
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"Absolutely brilliant. The prose is exquisite. It’s accessible yet undeniably sophisticated. An absolute must-read for connoisseurs of the genre."
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"A profoundly satisfying read. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An absolute must-read for connoisseurs of the genre."
Brian Martin
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"Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem."
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"Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading."
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Gary Jones
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"Took a moment to build, but the payoff was spectacular. It held my rapt attention, even when certain twists were telegraphed. A solid 4 stars from me."
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"I was completely blown away. The prose is exquisite. It’s accessible yet undeniably sophisticated. Worth every moment spent reading."
Deborah Wilson
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"Excellent, though slightly flawed. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. A very distinguished novel."
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"Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
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"Honestly one of the most premium reading experiences lately. I became deeply invested in the protagonist's journey. A masterclass in storytelling. Worth every moment spent reading."
Jacob Collins
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"Excellent, though slightly flawed. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. I would highly recommend this to discerning readers."
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Christopher Lee
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"A very strong entry. The middle had a deliberate pace, but the climax was phenomenal. A wonderful companion for a quiet weekend."
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"Honestly one of the most premium reading experiences lately. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An absolute must-read for connoisseurs of the genre."
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"Honestly one of the most premium reading experiences lately. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. A true literary gem."
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"Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
Donald Martin
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"Such a rich narrative. I became deeply invested in the protagonist's journey. A masterclass in storytelling. Worth every moment spent reading."
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"I was completely blown away. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I am now a lifelong fan of this author."
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Barbara Jackson
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"Such a rich narrative. The prose is exquisite. It’s accessible yet undeniably sophisticated. A true literary gem."
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"Not entirely to my refined tastes. It possessed moments of brilliance, but the narrative felt slightly disjointed ultimately. Suitable if your reading queue is empty."
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"Such a rich narrative. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading."
Matthew Thomas
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"I thoroughly enjoyed the elegance of it. It held my rapt attention, even when certain twists were telegraphed. I would highly recommend this to discerning readers."
Carol Sanchez
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"Absolutely brilliant. The prose is exquisite. It’s accessible yet undeniably sophisticated. I am now a lifelong fan of this author."
Emily Turner
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"A profoundly satisfying read. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An effortless 5 stars."
Charles Ramirez
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"I was completely blown away. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
Paul Cruz
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Jennifer Carter
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Sharon King
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"Absolutely brilliant. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I will undoubtedly revisit this masterpiece."
Sharon Turner
Sharon Turner May 08, 2024
"Honestly one of the most premium reading experiences lately. The prose is exquisite. It’s accessible yet undeniably sophisticated. I will undoubtedly revisit this masterpiece."
Anthony Walker
Anthony Walker November 30, 2025
"A very strong entry. It held my rapt attention, even when certain twists were telegraphed. A wonderful companion for a quiet weekend."
Brian Anderson
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"Absolutely brilliant. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author."
Joseph Edwards
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Jacob Collins
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"I was completely blown away. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. Worth every moment spent reading."
Susan Allen
Susan Allen September 23, 2025
"I find myself somewhat conflicted. It possessed moments of brilliance, but the narrative felt slightly disjointed ultimately. A fair 3 stars."
Richard Campbell
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"Such a rich narrative. I became deeply invested in the protagonist's journey. A masterclass in storytelling. Worth every moment spent reading."
Eric Miller
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"A very strong entry. It held my rapt attention, even when certain twists were telegraphed. A very distinguished novel."
Anthony Collins
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"An acceptable diversion. It verged on repetitive in the second act. A more concise edit would have served it well. Perfectly average."
Deborah Cruz
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"Exceeded all my expectations. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading."
Thomas Allen
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"Honestly one of the most premium reading experiences lately. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I will undoubtedly revisit this masterpiece."
Christopher Green
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"Honestly one of the most premium reading experiences lately. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. An effortless 5 stars."
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"A profoundly satisfying read. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. A true literary gem."
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Stephanie Turner September 28, 2025
"I was completely blown away. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I am now a lifelong fan of this author."
Kevin Rivera
Kevin Rivera May 29, 2024
"Exceeded all my expectations. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. A true literary gem."
Sandra Green
Sandra Green January 02, 2024
"Absolutely brilliant. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An effortless 5 stars."
Charles Ramirez
Charles Ramirez August 08, 2025
"A highly sophisticated read. A brilliant concept executed with flair. Just a few pacing choices I would change. A wonderful companion for a quiet weekend."
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