[New Book] Cryptocurrency Collapse Scenario…'Bitcoin, Leave When the Applause is Loudest'

[New Book] Cryptocurrency Collapse Scenario…'Bitcoin, Leave When the Applause is Loudest'

The Software Revolution Brought by Apple II…'Apple, The Beginning of Disruptive Innovation'

▲ Bitcoin, Leave When the Applause is Loudest = Written by Song In-chang.

Korea's cryptocurrency 'fever' is exceptionally intense. At one point, the Korean won surpassed the dollar to become the most used currency in global cryptocurrency transactions, and Korea's influence in the altcoin market, excluding Bitcoin, is overwhelming.

Although the Bitcoin 'craze' seems to have subsided somewhat with the recent stock market surge and Bitcoin price decline, many people still bet their future on cryptocurrencies, hoping for a turnaround.

The author, an international financial expert who served as Director-General of International Financial Policy at the Ministry of Finance and Economy, Director of the Asian Development Bank (ADB), and International Cooperation Ambassador for the G20, boldly discusses a Bitcoin 'exit' at this juncture.

The author warns that Bitcoin's price increase mechanism is "a belief in someone who will buy it at a higher price," and like many 'bubble' cases in the past, someone who fails to escape until the very end will inevitably bear the losses.

In this book, borrowing the titles of six episodes from director Jang Jin's film of the same name, 'Leave When the Applause is Loudest', the author analyzes the essence of various cryptocurrencies, including Bitcoin, and examines why Korea's Bitcoin fervor is particularly intense.

Emphatically stating that "there is no bubble that doesn't burst," the author also specifically presents a chilling scenario where the Bitcoin bubble eventually bursts, a 'coin run' (large-scale cash redemption requests from coin investors) materializes, and the market collapses.

Miryu Books. 264 pages.

▲ Apple, The Beginning of Disruptive Innovation = Written by Rain Nooney. Translated by Oh Hyun-seok and Park Ki-seong.

Fifty years ago, in 1976, Apple Inc. was founded, and one year later, in 1977, the personal computer 'Apple II' was released to the world.

Designed by Steve Wozniak and brought to market by Steve Jobs, the Apple II brought Apple its first commercial success, made today's Apple possible, and led the personal computer boom.

The author, a professor at New York University in the U.S., emphasizes that the Apple II was more than just an innovative 'machine'; it sparked a software revolution and created an infinite ecosystem.

The book fascinatingly recounts the dawn of personal computing, the birth of the Apple II, and the great software transformation it triggered, along with stories of software pioneers who set milestones in various fields.

Chaekman. 488 pages.