The manual “Cryptocurrency Risk Management: A Guide for Family Wealth Managers” by Joshua M. Peck was published for the first time in 2022.
A lot of people are investing in cryptocurrency, others have doubts or have some negative impressions about this world because they didn’t find the right information. Maximizing your chances to earn money from cryptocurrency investments while minimizing the risks require knowledge of the various possibilities and the strategies that work for each of them.
Joshua M. Peck has been dealing with cryptocurrency for several years now, so he gathered a lot of experience passing through good and bad periods. That means that he wrote this manual using that experience to tell about the risks and opportunities available. He did this by using a family business as a wealth management center to be managed with the diligence of a good family man. The technologies behind cryptocurrencies are new or anyway little known to people who are not familiar with this field but the author explained the various topics using reference points that can be easy for anyone to understand.
Cryptocurrency is supposed to revolutionize finance making it out of centralized authorities’ control. However, there are still people behind cryptocurrency, which means that there are scammers, thieves, and other criminals interested only in taking your money regardless of its nature. That’s why knowledge of the instruments you’re using is important for any type of financial product.
Compared to other financial products, cryptocurrencies are still new and less regulated, and that makes this world more volatile and chaotic. That scares many people, even more, if they heard negative stories or prejudice. Joshua M. Peck doesn’t deny the risks involved in cryptocurrency investments. Indeed, he explains the possible risks but also shows the possible opportunities for each type of investment.
Throughout this manual, Joshua M. Peck always insists on awareness and knowledge of the tools you use. He does so by examining all aspects of the problem, starting with similarities and differences with respect to “classical” finance. A little history of cryptocurrencies and the characteristics of the most important ones are essential to understand risks and opportunities.
To understand these topics, you don’t need an MBA. However, some basic knowledge of financial management is important to understand the various topics covered. Joshua M. Peck made an effort to use easy-to-understand points of reference, but investing your money remains a subject that has its complexities. If you can’t understand the explanations offered in this manual, it’s honestly better that you don’t invest without the help of experienced and trusted people.
The presence of summaries at the end of each chapter helps the reader to memorize the concepts explained and when they return to check a certain topic again. In these manuals that cover sometimes complex topics, these summaries can be really useful.
The world of cryptocurrencies offers many earning opportunities that must be understood in order to operate with the necessary awareness. Different people can have very different ambitions and expectations but the information provided in “Cryptocurrency Risk Management: A Guide for Family Wealth Managers” by Joshua M. Peck is useful for anyone who wants to understand the world of cryptocurrencies, from those who want to get rich by investing their wealth to those who just want to make some extra bucks.
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