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Best Crypto Trading Books for Traders and Investors 2022

img Dmytro Gorbenko Reading time: 15 min
Best Crypto Trading Books for Traders and Investors 2022

Cryptocurrency, or simply crypto, is the term used to refer to digital currencies or the class of digital assets that are designed using cryptographic techniques. They are currencies or asset classes that can be sold, bought, or traded securely. Unlike traditional fiat currencies, they typically circulate without the monetary control or central authority that a central bank would provide.

These cryptocurrencies are supported by blockchain, which is essentially a tamper-proof record of transactions that keeps track of the ownership of cryptocurrencies. Gaining an understanding of the blockchain revolution and how it is changing and supporting the economy helps users make informed decisions while also mastering bitcoin and other cryptocurrencies. Here we provide you with the best books for crypto traders and other users.

Best Books on Cryptocurrency Trading Strategies

As simple and revolutionary as this sounds, the average investor and trader will still have a long way to go for them to truly understand the basic concepts of crypto, trading, and how to succeed here as an asset class. Like any other type of trading, knowledge is power, and this is why books are recommended for gaining new knowledge. Some of them can provide a fundamental analysis of the markets and trading platforms. In 2022, these are some of the best possible sources of information one could possibly find on the trading of cryptocurrencies:

How to Day Trade for a Living

Author: Andrew Aziz

To truly understand the ideas behind trading bitcoin, it is crucial to understand the basics of day trading. Andrew Aziz provides some valuable basics in his book. It describes the fundamentals of day trading, explaining how different it is from all other types of trading and investments. Then it elaborates on the different types of trading that many traders might use.

This book would especially be useful for beginner traders, as it provides them an idea of where to start with trading cryptocurrency, what to expect from day trading, and how to develop their trading strategy.

Perhaps the most important aspect here is the fact that the book also focuses on elements of trading psychology, provides money management tips, and offers lessons in trading psychology. The author provides real-life examples and tips from their own lives and experiences, including aspects of their routine and how they prepare for their day.

For each strategy, they explain such aspects as how to find the stock in play for the trade, indicators used on charts, when to enter a trade and when to exit a trade. They also explain the idea of stop loss. Simply said, the book makes it easier for you to begin crypto trading.

Cryptocurrency Trading & Investing

Author: Aimee Vo

Aimee Vo’s 2017 publication looks beyond the buzzwords in crypto and all the popular hot topics in conversation to provide basics on how to make money from cryptocurrency. This book is targeted at those who are new to bitcoin, the most popular of the cryptocurrencies, showing buyers how to master buying, investing as well as trading cryptocurrency.

With step-by-step tutorials and screenshots, the book is interesting as it promises to teach beginners how to master buying, trading, and investing for profit as you trade in digital currency. It focuses almost exclusively on bitcoin, bringing in the expertise of a 7-year equities trading veteran, ex-UBS investment advisor, and portfolio manager.

Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond

Authors: Jack Tatar, Chris Burniske 

Unlike Aimee Vo who focuses mostly on mastering Bitcoin, Burniske and Tartar look at the entirety of the crypto assets field. They note that Bitcoin was the first of these assets, but that up to 800 crypto assets have since emerged. Theirs is a guide that enables one to navigate the sometimes seemingly crowded world of cryptocurrency or digital currency and crypto assets, navigating bubbles and manias, the basics of bitcoin wallet options, capital market vehicles and initial coin offerings (ICOs), as well as the influence of blockchain technology.

Cryptocurrency Investing for Dummies

Author: Kiana Danial

The ‘for dummies’ reference has always been one that is associated with helpful tips that even the most uneducated people on any particular subject can relate to. In this case, Kiana Danial does not disappoint. The author acknowledges that the cryptocurrency market has been known for its volatility and a changing regulatory market.

However, the book provides tips that enable beginners to understand how the crypto market works, how to find best practices and trading strategies, and how to choose the best cryptocurrency. The author also offers information on how to utilize these choices to explore new financial opportunities.

Cryptocurrency – A Trader’s Handbook

Authors: Marvin Neuefeind and Marcin Kacperczyk

Another book that offers useful insights into the idea of cryptocurrency is the 2018 book by Marvin Neuefeind and Marcin Kacperczyk. Unlike others, this book is expansive as it also focuses on implications for the economy at large. It acknowledges the fact that there often are two schools of thought on crypto, those that believe in the technology and those that do not see it as a technology that is viable.

The book is divided into two parts. The first part teaches the reader about cryptocurrencies and how they work. The second section looks at the practical implications of cryptocurrencies on the economy. This way, you will be able to start trading cryptocurrency.

Stock Market Investing for Beginners

Author: Liam McAllen

McAllen’s book is included here because of the dual value it offers the reader. Described as a two-in-one book, it offers a combination of charting and the technical analysis tips that any trader in the stock market might need, and further has a second section that offers insights into cryptocurrency investing. Regardless of what one invests in, technical analysis will still be hugely important. However, it is the combination of this and bitcoin trading tips that truly makes this book a gem.

Cryptocurrency Investing Bible

Author: Alan T. Norman

Norman’s book is one of the most extensive books on cryptocurrencies, exploring everything from the blockchain and ICOs to an analysis of the top cryptocurrencies and tips for investing to make money. It begins by acknowledging how far cryptocurrencies have come and the general skepticism that is associated with them.

It, however, goes on to provide useful tips that enable one to understand how to make money with cryptocurrency, where to start given a certain amount of minimum investment, and how to tackle information asymmetry.

Books for a Better Understanding of the Blockchain and Trading Crypto Industry

The above-mentioned books have in many cases been generalized presenting bitcoin and cryptocurrencies within the larger context of the investment field. However, these books are purely focused on cryptocurrencies and their modalities.

The Basics of Bitcoins and Blockchains

Authour: Antony Lewis

Anthony Lewis goes down to the basics and the core of bitcoin, cryptocurrency, and blockchain technologies. It offers insight and understanding into the wide range of bitcoin and crypto-related technologies. The author also provides details on more recent issues like NFTs and other digital assets. It is a balanced and trustworthy source of insights into bitcoin, including both benefits and potential risks like scams and regulatory issues.

Mastering Bitcoin

Author: Andreas M. Antonopoulos

The target audience of this second edition by Andreas M. Antonopoulos is non-technical investors, business executives, and users. It provides a technical explanation and introduction to bitcoin and the underlying blockchain in simple terms.

It could, however, also be useful for developers, engineers, and software architects or designers. The balance between simplistic explanations for the beginner and the more focused expert analysis for the experts is what makes this a useful book.

The Internet of Money

Author: Andreas M. Antonopoulos

Andreas M. Antonopoulos has proven to be quite the expert on matters of bitcoin and cryptocurrency, with another book that offers a unique outlook on the subject. While other authors will typically focus on the how and the workings of bitcoin and crypto, this book looks at the why.

It is a book constructed within the larger context of the digital revolution, with Andreas M. Antonopoulos, a renowned information security expert, providing useful context on how bitcoin technology has matured over time.

Blockchain Basics: A Non-Technical Introduction in 25 Steps by Daniel Drescher

Author: Daniel Drescher

It is always useful when one provides a step-by-step analysis of a topic for beginners. This is what Daniel Drescher does by providing bite-sized pieces of information that anyone new to the topic can easily digest.

This book is a breakdown of the bitcoin technology, with a series of concise steps provided. It does not use any complex mathematical formulae, code, or computer science jargon that might be confusing.

Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies

Authors: Neel Mehta, Aditya Agashe, Parth Detroja

One of the most consistent questions most people have about bitcoin technology is how it will progress going into the future. This is what the writers address in their book, whether it is truly the digital revolution some people envision it to be or a bubble.

Apart from the core concepts of bitcoin and crypto, this book offers insight into the latest developments in the world of blockchain. One particular source of value here is the interviews with various tech industry leaders, which offer further insight into the future of bitcoin.

Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies Is Changing the World

Authors: Don Tapscott, Alex Tapscott

A top-selling author of Wikinomics, Don Tapscott and his son Alex Tapscott, a blockchain expert, introduce to you vivid research and a pretty fascinating book emphasizing the future of the current modern economy. Blockchain Revolution is a foundational book and a must-read piece for those who want to understand much about blockchain.

In their book, the authors point out that blockchain is an ingeniously simple, yet revolutionary protocol, allowing transactions to be done simultaneously, anonymously, and safely by keeping a public ledger of value that is tamperproof. Despite the fact that blockchain technology propels the use of bitcoin and many other digital currencies, its framework can pretty much go passed these and record almost everything you consider of value to people, be it birth and death certificates or even insurance claims and votes.

Whether you are a musician wanting to make a living from your music or a consumer needing to know where your products are coming from, you can rely on blockchain technology.

The Book of Satoshi

Author: Phil Champagne

Satoshi Nakamoto is widely known in the cryptocurrency field as the originator of bitcoin and a pioneer of blockchain. A lot has been said about him and his motivations, but this book combines his thoughts into a single publication.

It might seem strange given that it is basically a collection of his correspondence and notes. Nonetheless, it is a very eye-opening account of the early days, of the motivations and thought processes that went into creating bitcoin.

Gather the Best Thoughts and Use Them Wisely

For those wishing to utilize blockchain, whether for business purposes or trading, there is much to learn. Blockchain is driving many businesses and trading platforms and is helping consumers gain an upper hand in investing, trading, growing profits, and leveraging costs and expenses. There are many resources you can read to get you started in the sphere of cryptocurrencies or digital currencies.

FAQ

Why is it important to understand blockchain technology?

There is a multitude of books and publications, articles, and reports on bitcoin, blockchain, and the myriad of digital assets that have come up over the years. However, these books will provide you with the basic skills and understanding to be able to take a dip into the world of crypto.

As a trader, it is important to understand blockchain and the supporting technologies for cryptocurrencies. Given the decentralized nature of the currencies or assets, blockchain facilitates the verification and traceability of the transactions.

How can books prepare you before trading the financial markets?

Financial markets, especially when digital assets are involved, can be difficult to navigate. Without the right information and preparation, one is likely to make losses and missteps. However, the available books can offer you guidance, regardless of your level of knowledge and proficiency. The list of books here is good for anyone looking to grow their knowledge of cryptocurrencies.

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