[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 particularly intense. At one point, the Korean Won even surpassed the US Dollar as the most used currency in global cryptocurrency transactions, and Korea's influence in the altcoin market (excluding Bitcoin) is overwhelming.

Recently, with the sharp rise in the stock market and the fall in Bitcoin prices, the Bitcoin 'craze' seems to have subsided somewhat, but many are still betting their future on cryptocurrencies, hoping for a turnaround.

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

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

This book borrows the titles of six episodes from director Jang Jin's film of the same name, 'Leave When the Applause is Loudest', to analyze the essence of Bitcoin and various other cryptocurrencies, and examines why Korea's Bitcoin fever is particularly strong.

The author, who strongly states, "There is no bubble that doesn't burst," also concretely presents a chilling scenario where the Bitcoin bubble eventually bursts, leading to a 'coin run' (large-scale cash redemption demands from coin investors) and market collapse.

Miryubooks. 264 pages.

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

Fifty years ago, in 1976, Apple Inc. was founded, and a 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, enabling today's Apple, and led the personal computer boom.

The author, a professor at New York University in the US, emphasizes that the Apple II was not merely an innovative 'machine' but rather sparked a software revolution and created an infinite ecosystem.

The book engagingly covers the dawn of personal computing, the birth of the Apple II, and the subsequent major software transformation, along with stories of software pioneers who set milestones in various fields.

Chaekman. 488 pages.