Michael Scott's "Crytocurrency Trading Strategies" - A Layperson's Review

By mekhiMKL | The Layperson's Crypto | 7 Apr 2020


Cover of Cryptocurrency Trading Strategies by Michael Scott

Having just published another article on the first Michael Scott audiobook I listened to, I'm a little surprised to already be writing the review for "Cryptocurrency Trading Strategies". This book is similar to "Cryptocurrency Trading", which I recently reviewed, in more than just title - the run time for the both audio books was also just around half an hour. It may have even been a few minutes shorter than the last one! 

Just as before, this book is available on Amazon as a kindle ebook or audiobook. It is also available for free as an audiobook through Hoopla when you connect it to your library through use of a library card. Please be aware that if you purchase this book from the Amazon link provided, I will receive a small commission through Amazon Affiliates. 

I have mixed feelings about the length of this book, particularly in light of the similarly short length of the last one. I do think that what was discussed was different enough that the two books could have been combined. On the other hand, the audience seems different than in the previous volume. This one read much less like a persuasive essay than the other, and could be interesting for the aspiring cryptocurrency trader who has familiarity with the topic but is trying to expand their general knowledge. I do think that these different small books, if further condensed, could be good as chapters within a larger volume with a lot of other material. However I recognize that these days authors need to be able to monetize content quickly, and that many people have very short attention spans. Thus, I don't object to a short book on that merit alone, particularly when it is reasonably priced and exclusively digital. Yet in my view such a short volume needs to be packed with practical information, and not written with the kind of relaxed pacing and low content density one might expect from the early chapters of a longer volume.

I'm sad to report that this book, though interesting,  doesn't deliver in this aspect. While engaging, and much more content dense than the last volume, there isn't a lot of concrete strategies related to cryptocurrency trading. Much like in the last volume, there is some general advice that could be applicable to any sort of market trading. One positive change in terms of content is the addition of more anecdotal, and often interesting, information about specific cryptocurrencies. Unfortunately, like last time, some of the information is a bit outdated, and I wish he had written this volume with an eye to the future and possible changes that might occur.

Another welcome change is the style of Mr. Scott's prose. It's much less flowery, and more action oriented than the previous volume. However, the lack of a copy-editor was more apparent than ever. There were clearly times when words were omitted, sentences left unfinished, or a similar sounding but incorrect word was used. It happened with much more frequency than in the previous book. It's possible that these errors could have been those of Mr. Montanez while recording the audio version I evaluated, but one would expect that such errors would be caught and corrected before publication, and they were not.

In most respects the narrator for this volume, Matt Montanez, was an improvement on the previous book. At the time I had listened to the last volume I liked the previous narrator well enough. However, the contrast with Mr. Montanez is like night and day. Mr. Montanez brought energy, life, and excitement to this book, increasing my engagement as a listener. I have a feeling he may be a voice actor, as at times he seemed to be experimenting with where to put the stress in a particular sentence, in a way I've known voice actors to do. Sometimes the results were a little unorthodox, but rather interesting. He kept a smooth tempo throughout, which I think might help to disguise some of the lack of copy-editing. I was not surprised to learn that he has over 160 audiobooks credited to him on Amazon. I hope Mr. Scott is able to employ this gentleman for future endeavors. 

Overall, I would recommend this book for a new cryptocurrency trader looking for an enjoyable, easy read (or listen) that provides some very general information and interesting anecdotes. However if you have already dipped your toe into trading and are looking for actual strategies, this volume largely does not contain many. 

Have you read this book? What did you think of it? Do you have any thoughts about Mr. Scott's other writings? What would you recommend I read and review next? 

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The Layperson's Crypto
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