How To Invest in Crypto as A COMPLETE Beginner [2024 GUIDE]
Ringkasan
TLDRO vídeo explora o potencial revolucionário das criptomoedas, abordando desde os conceitos básicos até estratégias de investimento. Destaca como o investimento em criptomoedas pode assemelhar-se a investimentos históricos como no S&P 500, oferecendo a oportunidade de gerar riqueza significativa. Explica os benefícios, como transações seguras e descentralizadas, além de apresentar categorias importantes como Bitcoin e DeFi. Também discute os desafios econômicos globais, como a desvalorização do dólar, e argumenta que as criptomoedas podem ser uma solução para preservar valor. O vídeo ensina fundamentos de investimento, como análise técnica e fundamental, e diferencia entre diversas exchanges e carteiras para armazenamento seguro. Por fim, incentiva a criação de um portfólio de criptomoedas e oferece recursos adicionais para aprendizado.
Takeaways
- 💡 Investir em criptomoedas é comparado a investimentos como no S&P 500.
- 🔑 Bitcoin e outras criptos oferecem transações seguras e descentralizadas.
- 📈 O potencial de crescimento das criptomoedas é ainda maior que o do ouro.
- 🏦 DeFi transforma a visão de finanças com contratos inteligentes.
- 💳 Stablecoins oferecem estabilidade representando moedas fiduciárias.
- 🛡️ Armazenar criptomoedas em carteiras frias é crucial para segurança.
- 🔍 Análise técnica e fundamental são essenciais para investir.
- 💹 Criptomoedas podem proteger contra a desvalorização do dólar.
- 📊 Exchanges centralizadas e descentralizadas oferecem opções de negociação.
- 🎓 Conhecimento em criptomoedas possibilita criação de riqueza no futuro.
Garis waktu
- 00:00:00 - 00:05:00
Estamos numa era de uma oportunidade sem precedentes para criar riqueza nos mercados emergentes, especialmente com criptomoedas. Comparável ao investimento inicial no S&P 500, começar com pouco pode significar milhões no futuro. Esta série é sobre entender criptomoedas, análise técnica e fundamental, e métodos para gerenciar e maximizar investimentos.
- 00:05:00 - 00:10:00
As criptomoedas têm algumas aplicações principais: reserva de valor (como o Bitcoin), finanças descentralizadas (DeFi) utilizando contratos inteligentes em redes como Ethereum, e stablecoins, que representam moedas fiduciárias em blockchain. Será discutido o potencial de investimento de curto e longo prazo, com Bitcoin liderando a luta contra a desvalorização da moeda.
- 00:10:00 - 00:15:00
A desvalorização da moeda é um desafio global, especialmente para o dólar americano que perdeu valor ao longo dos anos devido à impressão excessiva de moeda. Bitcoin oferece uma solução potencial como uma reserva de valor descentralizada e transparente, capaz de superar o mercado do ouro. Este vídeo explora a viabilidade de tal cenário.
- 00:15:00 - 00:20:00
Explora-se o potencial disruptivo das finanças descentralizadas, onde processos inteiros podem ser automatizados através de contratos inteligentes sem a necessidade de intermediários tradicionais. Tais sistemas podem revolucionar setores como governo e saúde, destacando criptomoedas como Ethereum e Solana.
- 00:20:00 - 00:25:00
Fundamentos da análise de criptomoedas são abordados, incluindo o funcionamento das exchanges centralizadas e descentralizadas, e a importância da tokenomics para entender a viabilidade econômica de diferentes projetos de blockchain.
- 00:25:00 - 00:30:00
São apresentadas ferramentas e técnicas para análise técnica e avaliação de criptomoedas. Discussões incluem como usar o TradingView para traçar linhas de tendência e Fibonacci, ajudando investidores a identificar bons pontos de entrada e saída no mercado.
- 00:30:00 - 00:37:30
Estratégias práticas para ganhar dinheiro com criptomoedas são discutidas, incluindo a criação de um portfólio diversificado e o uso de exchanges para armazenar e negociar criptomoedas. Ressalta-se a importância de métodos de segurança como wallets de armazenamento a frio para proteção a longo prazo.
Peta Pikiran
Video Tanya Jawab
O que são criptomoedas?
Criptomoedas são uma forma segura e transparente de armazenar e compartilhar informações, sem controle centralizado.
Qual é o potencial de investimento em criptomoedas?
As criptomoedas têm um grande potencial de investimento a longo prazo, com a possibilidade de um crescimento significativo de valor.
O que são stablecoins?
Stablecoins são criptomoedas que representam o valor de uma moeda fiduciária, como o dólar americano.
O que é DeFi?
DeFi significa finanças descentralizadas, um conceito que utiliza contratos inteligentes para automatizar transações financeiras.
Por que o Bitcoin é comparado ao ouro?
Bitcoin é comparado ao ouro por ser uma reserva de valor descentralizada, verificável e com fornecimento limitado.
O que é diluição no contexto de criptomoedas?
Diluição é o aumento do fornecimento de uma criptomoeda, o que pode diminuir o valor dos tokens existentes.
Como posso comprar e vender criptomoedas?
É possível comprar e vender criptomoedas através de bolsas centralizadas ou exchanges descentralizadas.
Qual é a diferença entre exchanges centralizadas e descentralizadas?
As exchanges centralizadas agem como intermediárias em transações, enquanto as descentralizadas permitem negociações diretas entre usuários.
O que é análise técnica em criptomoedas?
A análise técnica envolve o uso de gráficos e indicadores para prever movimentos futuros de preço em criptomoedas.
Como armazenar criptomoedas de forma segura?
As criptomoedas podem ser armazenadas com segurança em carteiras frias, como a Ledger Live, que são menos sujeitas a ataques.
Lihat lebih banyak ringkasan video
- 00:00:00right now we can be seeing the biggest
- 00:00:01emerging market that the world has ever
- 00:00:03seen in our generation's one opportunity
- 00:00:06to generate massive amounts of wealth
- 00:00:08our opportunity right now to invest in
- 00:00:10crypto is similar to us putting a couple
- 00:00:12thousand into the S&P 500 and now having
- 00:00:15over $11 million and even though
- 00:00:17investing in this market is fairly
- 00:00:19simple once you know the basics sadly
- 00:00:2199% of people won't pay any attention
- 00:00:24and will still be left behind but for
- 00:00:25the 1% that does including you guys who
- 00:00:28stumbled across this video you've an
- 00:00:29opport opportunity right now to be in
- 00:00:31that 1% and even starting with a small
- 00:00:33amount of money be able to become a
- 00:00:34millionaire in the years to come okay
- 00:00:36I've been in the crypto space for over 5
- 00:00:38years full-time trading over the past
- 00:00:40seven so this video is going to serve as
- 00:00:42a simple lesson of me taking all of the
- 00:00:44things that I've learned over my
- 00:00:45experience and giving you the simple
- 00:00:47cleancut version so I'm going to show
- 00:00:49you things like cryptocurrency Basics
- 00:00:51the short-term and long-term investment
- 00:00:53potential that I see how you can do
- 00:00:54simple fundamental and technical
- 00:00:56analysis so that you actually understand
- 00:00:58what you're in different ways to
- 00:00:59actually make money in crypto as well as
- 00:01:01how to buy sell and organize all of your
- 00:01:03crypto activity as well as all the tips
- 00:01:05and tricks that I've learned over the
- 00:01:07years so if you make it to the end of
- 00:01:08the video you'll have a simple investing
- 00:01:10Foundation to be able to invest like the
- 00:01:121% so if that sounds good make sure you
- 00:01:14hit the like button on the video
- 00:01:15subscribe to the channel if you like
- 00:01:17trading and investing and if you end up
- 00:01:18liking this video make sure you share it
- 00:01:20with a friend who you also want to be in
- 00:01:22the future millionaires club with so
- 00:01:23let's start off with the cryptocurrency
- 00:01:25basics so that you understand the main
- 00:01:27point of the entire Market okay the best
- 00:01:29way to think about crypto is it's a
- 00:01:31secure transparent way of storing and
- 00:01:33sharing information that is viewed by
- 00:01:35everyone but isn't necessarily
- 00:01:36controlled by one person this form of
- 00:01:38Technology allows information to be
- 00:01:40transferable between parties where
- 00:01:42during that transfer process there's a
- 00:01:45form of encryption so that it's a secure
- 00:01:47way of sharing information but can be
- 00:01:49done completely on an open Ledger where
- 00:01:51everyone can see transparently what's
- 00:01:53going on there's really no Central
- 00:01:55entity that we're relying on to be
- 00:01:57transparent because both parties are in
- 00:01:58agreement and the information is there
- 00:02:00for everyone to see so even though
- 00:02:02there's a ton of cryptocurrencies out
- 00:02:03there there's a few main applications of
- 00:02:05crypto the first biggest one and this is
- 00:02:08applicable to bitcoin which is the most
- 00:02:10popular cryptocurrency is something that
- 00:02:12stores value so it protects against
- 00:02:14currency debasement and is a fast way of
- 00:02:17transferring wealth Without Borders
- 00:02:18without having to deal with centralized
- 00:02:20government entities okay a lot of people
- 00:02:22just think this is for you know bad
- 00:02:24activity but this is actually one of the
- 00:02:25most transparent ways of transacting the
- 00:02:27second big use case for cryptocurrency
- 00:02:30is something called defi which stands
- 00:02:32for decentralized finance a simple way
- 00:02:34to look at this is considering it as
- 00:02:36programmable money so imagine a network
- 00:02:39where you can set up automations where
- 00:02:40all the transactions are happening by
- 00:02:42themselves and you can continue to build
- 00:02:44a network without needing all these
- 00:02:46different Departments of people doing
- 00:02:47individual things it's a web of
- 00:02:49programmable money where something
- 00:02:51called smart contracts are executing all
- 00:02:53of these functions we're going to dive a
- 00:02:54lot more into understanding a little bit
- 00:02:56about how that works so you can really
- 00:02:57wrap your mind around it but coins like
- 00:02:59ethereum salana B&B these are all things
- 00:03:02that yes can store some value but are
- 00:03:04mostly geared towards decentralized
- 00:03:07finance and this is probably going to be
- 00:03:08one of the biggest emerging markets that
- 00:03:10the world ever seen like I said we're
- 00:03:12going to dive into that the third
- 00:03:13biggest category is something called
- 00:03:15stable coins now these aren't really
- 00:03:17used as investment vehicles rather this
- 00:03:19is a cryptocurrency version meant to
- 00:03:21represent the value of a fiat currency
- 00:03:24when I say fiat currency I mean
- 00:03:26something like the US dollar or the W
- 00:03:28currencies that are issued by a central
- 00:03:30government some of the biggest ones are
- 00:03:32the usdt stable coin which is always
- 00:03:34going to be worth $1 and essentially
- 00:03:37allows you to use regular money but on
- 00:03:39the blockchain before we dive into key
- 00:03:41terms in learning a little bit more
- 00:03:43about cryptocurrency I want to move into
- 00:03:44section two and talk about the huge
- 00:03:46investment potential in the short and
- 00:03:48long term for this emerging market so
- 00:03:51chances are you've probably heard a
- 00:03:52decent amount about Bitcoin and the
- 00:03:54whole reason Bitcoin has caught a lot of
- 00:03:56traction over the past several years is
- 00:03:58because it is considered a store of
- 00:04:00value fighting against one of the
- 00:04:01biggest issues that countries in general
- 00:04:04have and that the US is definitely
- 00:04:05starting to see which is something
- 00:04:07called currency debasement currency
- 00:04:09debasement is basically when centralized
- 00:04:11governments continue to print money
- 00:04:14increasing the total amount of money
- 00:04:15that is out there which over time is
- 00:04:17going to erode the buying power of the
- 00:04:19currency and you can see with the US
- 00:04:21dollar since the 1900s $100 now only has
- 00:04:25the buying power as of 2020 of $3 and
- 00:04:28this was during Co where we printed 22%
- 00:04:31of the total US dollar supply in just a
- 00:04:34few years which is now even further
- 00:04:36drastically driving the buying power of
- 00:04:38the US dollar down we're losing about 3
- 00:04:41to 4% of our buying power per year and
- 00:04:43this is one of the biggest things that
- 00:04:44the US is trying to solve okay and
- 00:04:46there's something called Global Reserve
- 00:04:48currency right now the US dollar is the
- 00:04:50reserve currency of the world it's what
- 00:04:52we trade barrels of oil with you can
- 00:04:54consider it sort of the gold standard
- 00:04:56currency of the entire world and you can
- 00:04:58see the reserve currency status has
- 00:05:00changed hands quite a bit in 1450 it was
- 00:05:03Portugal with the status then it turned
- 00:05:05into Spain for about 110 years
- 00:05:08Netherlands for 80 France for 95 Great
- 00:05:10Britain for about 105 and the US is now
- 00:05:13starting to creep up into that average
- 00:05:15duration of time and now some of the
- 00:05:17other large players in the world
- 00:05:19including Saudi Arabia and China are
- 00:05:21looking to potentially switch currencies
- 00:05:23for the trade of oil which if that does
- 00:05:25happen in the US is to lose the reserve
- 00:05:28currency status and about 6 months the
- 00:05:30US would lose about 30% of its value the
- 00:05:33cost of importing Goods would become
- 00:05:34drastically more expensive all of the
- 00:05:36debt that we've been accumulating the
- 00:05:38government would not be able to borrow
- 00:05:39at the current rates which would then
- 00:05:41result in a larger deficit they would
- 00:05:43need to be filled by either increasing
- 00:05:45taxes or printing more money which then
- 00:05:48we would experience something called
- 00:05:49hyperinflation which is what a lot of
- 00:05:51countries with older currencies see this
- 00:05:54is why you can go to different countries
- 00:05:55with US Dollars and you're able to have
- 00:05:57tremendously more buying power and I'm
- 00:05:59I'm not here to play the whole
- 00:06:00Armageddon thesis what I am here to say
- 00:06:03is that even if this isn't to happen
- 00:06:05over the past 120 years we've still seen
- 00:06:08our currency lose about 97% worth of its
- 00:06:11value and if that doesn't ring alarm
- 00:06:12Bells saying that the globe needs to
- 00:06:14store value they can't be inflated and
- 00:06:16manipulated by a centralized entity then
- 00:06:19I don't know what does and for years
- 00:06:21gold has been the solution around this
- 00:06:23and gold has been a tremendous store of
- 00:06:25value but if we really look at the
- 00:06:26breakdown of gold is it verifiable do we
- 00:06:29know how much gold is actually in the
- 00:06:31reserves still kind of held by a central
- 00:06:33entity whether it's a bank whether it's
- 00:06:35a government is it fungible meaning is
- 00:06:37it unique is it easily replaceable the
- 00:06:39answer is no is it portable absolutely
- 00:06:42not can't lug around gold bars in your
- 00:06:44pockets is it durable yes it's very
- 00:06:46durable divisible not so easy to divide
- 00:06:49up fractional amounts of gold it needs
- 00:06:51to go through a process and it's not
- 00:06:52easy to do it's moderately scarce so
- 00:06:54we're continuing to mine gold over time
- 00:06:56we also have no idea how much gold is
- 00:06:59out in the solar system as well which
- 00:07:00could drastically impact the actual
- 00:07:02value that we do see in it does it have
- 00:07:04an established history yes gold has a
- 00:07:06very established history it's been one
- 00:07:08of the best stores of value over time is
- 00:07:10it censorship resistant can the
- 00:07:12government or a central entity hide or
- 00:07:14lie about it that gets a moderate rating
- 00:07:16is it programmable of course gold is not
- 00:07:19programmable and is it decentralized
- 00:07:21once again the most of the gold in the
- 00:07:22world is still primarily owned by
- 00:07:24Central governments so the
- 00:07:25decentralization of that is still at a
- 00:07:28moderate level okay you can see
- 00:07:29traditional money scores almost low in
- 00:07:32every single category that's important
- 00:07:34and if we look at Bitcoin comparatively
- 00:07:36is it verifiable extremely fungible
- 00:07:39extremely portable extremely durable it
- 00:07:41gets a moderate rating it can be easily
- 00:07:44divisible it is extremely scarce because
- 00:07:46we know there's only ever going to be 21
- 00:07:48million Bitcoin it doesn't yet have a
- 00:07:51established history which also is an
- 00:07:53extreme opportunity to the upside
- 00:07:55considering that is so early in the
- 00:07:57market is it censorship resistant
- 00:07:59extremely everything is open in onchain
- 00:08:01for people to see it is also openly
- 00:08:04programmable and 100% decentralized okay
- 00:08:07so for rating currencies Bitcoin
- 00:08:09automatically destroys all of what we've
- 00:08:11seen before and as a way we can store
- 00:08:13value and easily send it all over the
- 00:08:16world without having to physically move
- 00:08:18anything or deal with centralized
- 00:08:19governments and if we look at the chart
- 00:08:21of Bitcoin compared to the chart of the
- 00:08:23US dollar I'm pretty sure you understand
- 00:08:25where we're getting at and like I said
- 00:08:27I'm not here to call Armageddon but I'm
- 00:08:28saying if you are in your 20s or 30s the
- 00:08:31chances of something happening or just
- 00:08:33seeing what we've seen right now
- 00:08:34continuing to happen is extremely high
- 00:08:37and considering that Bitcoin still sits
- 00:08:38at only $1.3 trillion not only do I see
- 00:08:42this pretty easily being able to match
- 00:08:44the market cap of gold which is sitting
- 00:08:45at about $15.5 trillion but I can
- 00:08:48actually see this being more accessible
- 00:08:51to more people than gold possibly
- 00:08:53passing the market capitalization of
- 00:08:54gold which if Bitcoin was able to pass
- 00:08:57the market capitalization of gold we
- 00:08:59would actually see the price of Bitcoin
- 00:09:01past a million which still if we look at
- 00:09:03the overall market cap would only
- 00:09:05require about 15% of the total Global
- 00:09:07money to be in Bitcoin for this to
- 00:09:09happen Okay so make sure you don't take
- 00:09:11this as Financial advice but not only do
- 00:09:12I view this as an amazing investment
- 00:09:15opportunity but the amount of money that
- 00:09:16is going to drive into new companies and
- 00:09:19new cryptocurrencies that can move up
- 00:09:21hundreds of x's is going to be something
- 00:09:23that the world has never seen and is
- 00:09:24going to allow a lot of us to be able to
- 00:09:26amass a lot of wealth but we need to
- 00:09:28know the details of how to actually
- 00:09:30interact with the market and be able to
- 00:09:31set ourselves up in simple ways to take
- 00:09:34advantage of that so that's what we're
- 00:09:35going to dive into right now okay on the
- 00:09:37defi side imagine Banking and finance
- 00:09:39all of healthcare government energy
- 00:09:42sustainability now being able to be
- 00:09:44programmed so instead of a ton of people
- 00:09:46working to allow for example a person to
- 00:09:48buy and sell a house this can all be now
- 00:09:51programmed completely transparently
- 00:09:53completely securely and the underlying
- 00:09:55currency that is required to be able to
- 00:09:58engage with this ecosystem is what
- 00:10:00people would hold and this is basically
- 00:10:02what ethereum or salana or B&B is so now
- 00:10:05that we understand the concepts the
- 00:10:06investment opportunity and how this sort
- 00:10:08of applies to real life let's take a
- 00:10:10deeper dive into some of the
- 00:10:11cryptocurrency fundamentals and I'm also
- 00:10:13going to show you and share with you a
- 00:10:15notion sheet that I put together of all
- 00:10:17of my favorite cryptocurrency resources
- 00:10:19I'm going to be breaking down a little
- 00:10:20bit about each one but this is going to
- 00:10:21be in the description so you'll have a
- 00:10:23central area with all of the official
- 00:10:25links so you can also follow along as we
- 00:10:27dive into this stuff so these are some
- 00:10:28of the key terms that I want to go over
- 00:10:30before we dive into some of the
- 00:10:31softwares first thing to understand is
- 00:10:33what an exchange is think of this as a
- 00:10:35way to actually buy and sell and
- 00:10:37transact cryptocurrencies and other
- 00:10:39assets there's different types of
- 00:10:41exchanges so a centralized exchange is
- 00:10:43something like coinbase or binance where
- 00:10:46the business is acting as the
- 00:10:47intermediary to facilitate transactions
- 00:10:50between two parties the next type of
- 00:10:52exchange is something called a DEX or a
- 00:10:54decentralized exchange this is a
- 00:10:56peer-to-peer Marketplace allowing
- 00:10:58cryptocurrency buyers and sellers to
- 00:11:00transact directly with each other
- 00:11:01without using any sort of centralized
- 00:11:03entity in order for us to figure out
- 00:11:04what's going on sort of under the hood
- 00:11:06of a cryptocurrency and understanding
- 00:11:08the details that either make it good or
- 00:11:11bad we refer to this as something called
- 00:11:12tokenomics so it's the study and
- 00:11:14Analysis of the economic aspects of a
- 00:11:17cryptocurrency or blockchain project
- 00:11:19with particular focus on the design and
- 00:11:21distribution of the Native tokens that
- 00:11:23will play into different metrics that
- 00:11:24we're going to look at including market
- 00:11:26cap which shows us how many of these
- 00:11:28individual tokens are available for
- 00:11:30people to buy and sell and this is
- 00:11:32different from the total Supply which in
- 00:11:34the case of Bitcoin like we were talking
- 00:11:36about has a total maximum supply of 21
- 00:11:39million tokens some projects have this
- 00:11:41some projects do not okay just like the
- 00:11:43US dollar we don't have a Max on how
- 00:11:45many US Dollars we're going to print
- 00:11:47which would mean that the total supply
- 00:11:49of the US dollar is infinite so this is
- 00:11:51going to tell us the total amount of
- 00:11:52coins that can be issued into
- 00:11:54circulation if there is a total Supply
- 00:11:57we can look at something called fdv
- 00:11:59which stands for fully diluted value
- 00:12:01which shows us the market cap at the
- 00:12:04current price of each coin if all of the
- 00:12:06coins were put into circulation a lot of
- 00:12:08times cryptocurrencies will release a
- 00:12:10little bit of their tokens at first so
- 00:12:12you'll be able to see the market cap by
- 00:12:13taking the total circulating supply of
- 00:12:15the tokens that are out and multiplying
- 00:12:17them by the per price unit amount this
- 00:12:20is a better way for us to get an idea of
- 00:12:22the true value of a company as more
- 00:12:24coins are added out into the circulating
- 00:12:26Supply this term is called dilution and
- 00:12:28this is exact what you're seeing with
- 00:12:30say for example the US dollar when we
- 00:12:31print more money you're diluting the
- 00:12:33current Supply so say for example we had
- 00:12:35six coins here and each of them were
- 00:12:37priced at $10 that would mean that the
- 00:12:39market cap would be $60 and the
- 00:12:42circulating Supply would be six say for
- 00:12:44example we kept the same amount of money
- 00:12:47in the market so there was no new money
- 00:12:49added but now we 2x the total Supply
- 00:12:52meaning now there would be 12 total
- 00:12:54tokens now automatically considering
- 00:12:56there's only $60 in market cap each of
- 00:12:58these coins would now cost $5 instead of
- 00:13:0110 so say you only held six tokens if
- 00:13:04they add more to the supply you can hold
- 00:13:06the same amount of tokens but now you've
- 00:13:08lost half your value so this process is
- 00:13:10called a dilution all right then terms
- 00:13:12like trending and bullish when people
- 00:13:13say trending markets it means that the
- 00:13:15market is moving something like this so
- 00:13:18this is trending upwards same thing for
- 00:13:20a downward Trend we're seeing lower
- 00:13:22highs and lower lows which makes this
- 00:13:24once again trending downward this is
- 00:13:26going to be referred to as bearish and
- 00:13:29when we have something trending in the
- 00:13:30up Direction This is often referred to
- 00:13:32as bullish so now that we know our
- 00:13:33fundamentals let's take a real world
- 00:13:35look applying some of these principles
- 00:13:37okay so my favorite resource probably of
- 00:13:39all time is going to be coin market cap
- 00:13:41which is going to allow us to see all of
- 00:13:43these details including the total Supply
- 00:13:45the circulating Supply the fdv this can
- 00:13:48be sort of your fundamental research hub
- 00:13:50for any coin that you hear people say so
- 00:13:52someone says check out this new coin
- 00:13:54called solar X okay you can go in look
- 00:13:57it up see a price chart of it see all
- 00:13:59all of the official websites including
- 00:14:01the twittter the telegrams you can see
- 00:14:02the total market cap right here also
- 00:14:04going to show us our fdv right here and
- 00:14:07you can see only 20 million of the 400
- 00:14:10million tokens are actually released
- 00:14:12into circulation which if we go over
- 00:14:14here and click on our white paper this
- 00:14:16going to show you a vesting schedule
- 00:14:17which shows you how they plan to
- 00:14:19actually send out all of their 400
- 00:14:21million tokens in over what period of
- 00:14:24time they plan to do it okay there's
- 00:14:26another good resource that does a very
- 00:14:28similar thing called coin gecko this is
- 00:14:30also going to show you all of the main
- 00:14:31cryptocurrencies by market cap as well
- 00:14:33as all of the other information that we
- 00:14:35also wanted to know another resource
- 00:14:37that I really like to look at is
- 00:14:38something called defi llama this is how
- 00:14:40much money is locked up into different
- 00:14:43blockchains which is essentially the
- 00:14:44building blocks for other
- 00:14:46cryptocurrencies to be built on in order
- 00:14:48for this to happen you can hold the
- 00:14:50token and stake it to be able to be a
- 00:14:52part of the network validating those
- 00:14:54transactions so something like ethereum
- 00:14:56for example Works off a process called
- 00:14:58proof proof of stake which like I said
- 00:15:00basically validates transactions from
- 00:15:03individuals that hold over 30 tokens of
- 00:15:05ethereum and have it staked into the
- 00:15:07network so just as an example of how I
- 00:15:09use this I like to find investment
- 00:15:11opportunities by looking at comparisons
- 00:15:13between different blockchains with the
- 00:15:15different amount of total value locked
- 00:15:17into it you can see something called
- 00:15:18protocols here so these are essentially
- 00:15:20blockchains and you can see one of the
- 00:15:22newest protocols called base is
- 00:15:24coinbase's new major protocol that
- 00:15:26currently has $1.6 billion worth of
- 00:15:29total value locked now if we look at for
- 00:15:32example binance's version of this there
- 00:15:34was around during a big move up in
- 00:15:36cryptocurrency you can see the total
- 00:15:38value locked at the high of the market
- 00:15:40was $21 billion so you can see for
- 00:15:43example the number one decks for binance
- 00:15:46smart chain was pancake swap so if we go
- 00:15:48back over to our coin market cap and we
- 00:15:51look at pancake swap you can see
- 00:15:52correspondingly at the same time the
- 00:15:55market cap of pancake swap was about
- 00:15:57$6.8 billion and it moved all the way up
- 00:16:00from a couple hundred million in market
- 00:16:02cap so if I go over to base which is
- 00:16:04once again coinbase's main layer 2 they
- 00:16:06could potentially 20x or more in value
- 00:16:09if we do see a big run in cryptocurrency
- 00:16:12I found what I believe to be an amazing
- 00:16:14opportunity in crypto by finding the
- 00:16:16pancake version of coinbase called
- 00:16:18Aerodrome which you can see is still
- 00:16:19sitting only at a $400 million market
- 00:16:22cap just like what we saw in pancake
- 00:16:24swap before we saw it go up to 6.6
- 00:16:26billion and you can see here they're
- 00:16:28circulating Supply they can only dilute
- 00:16:30the supply by about 50% more which means
- 00:16:33they can't hyperinflate the currency and
- 00:16:35make it completely worthless and you'll
- 00:16:37see the fully diluted market cap is
- 00:16:39still sitting at around $1 billion
- 00:16:41compared to this other coin that we were
- 00:16:43looking at which is going to unlock $400
- 00:16:45million tokens and only have about 20
- 00:16:47million tokens in circulation so this is
- 00:16:49a little bit more advanced version of
- 00:16:51some of the crypto investing but I
- 00:16:53wanted to show you how I tie all these
- 00:16:54things together so even if you just want
- 00:16:56to look at the price of basic coins and
- 00:16:58know what's going on in the market you
- 00:16:59can use coin market cap to do that okay
- 00:17:02another tool that I use to do
- 00:17:04comparative analysis is something called
- 00:17:06market cap of so a lot of these coins
- 00:17:08what they'll do is price their coin
- 00:17:10ridiculously cheap so you can have
- 00:17:11hundreds of millions of coins and then
- 00:17:13people think even if it goes to one
- 00:17:15penny I'll have millions of dollars okay
- 00:17:17but if you look at the market
- 00:17:18capitalization there's still $12 billion
- 00:17:21worth of Market capital and this is
- 00:17:22going to show me how much xrp would cost
- 00:17:25if it had the current market cap of
- 00:17:27Bitcoin I can also switch between any
- 00:17:29token that I want so for example I could
- 00:17:31put in Solana then it would show me how
- 00:17:32much xrp would cost if it had the market
- 00:17:35cap of Soul this is a good tool to be
- 00:17:37able to compare the sizes of
- 00:17:38cryptocurrencies and get a realistic
- 00:17:40view of how much your investment could
- 00:17:42move up okay so once again let's say for
- 00:17:44example we take arrow and we want to see
- 00:17:46how much Arrow would cost if it went to
- 00:17:48the all-time high of pancake Swap all
- 00:17:50right so you can sort of see the amount
- 00:17:52of upside that you can expect by using
- 00:17:54something called comparative analysis
- 00:17:56all right so now that we know a little
- 00:17:57bit about crypto fundamental let's take
- 00:17:59a dive deeper into some crypto
- 00:18:01technicals I'm going to show you some
- 00:18:02cool ways to analyze cryptocurrency on a
- 00:18:05technical level okay so the main thing
- 00:18:07that we're going to be using for that is
- 00:18:08something called trading view you can go
- 00:18:10right to this website all right this is
- 00:18:11where you can start to chart out some of
- 00:18:13your Investments so when you open up
- 00:18:14trading view it's probably going to look
- 00:18:16something like this okay I could spend
- 00:18:18hours talking about the details of this
- 00:18:20software if you're interested in knowing
- 00:18:21a little bit more I'm going to link in a
- 00:18:23card right here an entire breakdown of
- 00:18:25my favorite features and how I use this
- 00:18:27software but for now I'm just going to
- 00:18:29teach you some simple Basics that you
- 00:18:30can start to use right now to look at
- 00:18:32some of these cryptocurrencies and be
- 00:18:33able to see some cool data so up here in
- 00:18:36the top left if you click into here this
- 00:18:37is going to allow you to pick which
- 00:18:39Market you want to take a look at in
- 00:18:41this case we're going to be focusing on
- 00:18:42crypto but you can also do things like
- 00:18:44stocks as well so if we click on crypto
- 00:18:47then we're just going to type in things
- 00:18:48like ethereum salana Etc and we can
- 00:18:51choose which exchange we want to look at
- 00:18:53the chart on okay so let's take Bitcoin
- 00:18:55as an example so if we scroll all the
- 00:18:57way in we'll see these Little Boxes here
- 00:19:00so this box shows us one week worth of
- 00:19:02the price of Bitcoin moving and you'll
- 00:19:04notice this one is white and this one is
- 00:19:06orange so for example this white box is
- 00:19:08basically like a box in whisker chart so
- 00:19:10we have the price opening here closing
- 00:19:12here and we also once again have the
- 00:19:14highs and lows here so if we moved over
- 00:19:16to say for example a 1 minute time frame
- 00:19:18this is going to show us similar data
- 00:19:20but now it's going to show us one minute
- 00:19:22worth of price action so if you want to
- 00:19:24see what happened in the past week you
- 00:19:26can say go out to something like a
- 00:19:2715minute Time time frame can show you
- 00:19:29what's happened say over the past week
- 00:19:31worth of price if you want to see what
- 00:19:33happened over the past year or two you
- 00:19:34can go into something like a weekly or a
- 00:19:36daily time frame so there's tons of
- 00:19:38different ways to do all sorts of
- 00:19:40analysis on these charts I'm going to
- 00:19:41show you about three or four of my
- 00:19:43favorite basic forms of analysis that
- 00:19:45you can start using on your charts now
- 00:19:47to understand a little bit more about
- 00:19:48where we are in the market so let's take
- 00:19:50Bitcoin for an example here okay the
- 00:19:52first tool that I'm going to use often
- 00:19:54is something called a trend line so just
- 00:19:56like we were talking about bullish or
- 00:19:58bearish Trends I can click from one
- 00:20:00point to the other and be able to see
- 00:20:01different Trend levels so for example if
- 00:20:03I click along these two lows right here
- 00:20:06I can right click and clone a horizontal
- 00:20:08copy you can see that lines up almost
- 00:20:10perfectly with these two high points
- 00:20:12here sort of giving us a channel for the
- 00:20:15price action to move in and out of using
- 00:20:17trend lines can show us areas where the
- 00:20:19price will likely have troubles breaking
- 00:20:21through or areas where the price will
- 00:20:22potentially bounce off so for example if
- 00:20:24I drag along these lows you can see the
- 00:20:26price of Bitcoin broke down under
- 00:20:28underneath this line tested it here
- 00:20:30before moving lower and then now that
- 00:20:32the price has broken above this trend
- 00:20:34line again it came down bounced off of
- 00:20:37that low and is now continuing to move
- 00:20:39higher now we don't know what's going to
- 00:20:40happen obviously with Bitcoin right now
- 00:20:42you can start playing around with these
- 00:20:43Trend levels to pick a little bit better
- 00:20:45of the areas and have an idea of the
- 00:20:47high and low regions of a certain
- 00:20:49cryptocurrency so for example something
- 00:20:51like Solana I also used my trend line to
- 00:20:53see that these highs were bouncing off
- 00:20:55this level before the price was able to
- 00:20:57push Above This level this is why I
- 00:20:59alerted out to the private side of our
- 00:21:01team to buy salana at this price and now
- 00:21:03we're setting up around 4 to 5x even
- 00:21:05early on in the potential bull run all
- 00:21:07right the next biggest tool that I like
- 00:21:09using is something called a Fibonacci
- 00:21:11retracement once again I have tons of
- 00:21:13videos talking about this in detail once
- 00:21:15you're done watching this I actually
- 00:21:16made a video showing exactly how to 100x
- 00:21:19your cryptocurrency portfolio without
- 00:21:21having to find 100x individual coins
- 00:21:23just by following some simple procedures
- 00:21:25which is what I've used to be able to
- 00:21:26amass tremendous amount of capit I'm
- 00:21:28going to put that video in a card at the
- 00:21:30end of this video so that once you have
- 00:21:31all the fundamentals you can sort of
- 00:21:33dive a little bit deeper into that
- 00:21:34strategy but this Fibonacci retracement
- 00:21:37allows us to find potential dip buy
- 00:21:39levels based on the natural tendencies
- 00:21:41of buyers and sellers so I can
- 00:21:43essentially click at the top of the
- 00:21:45trend here this is going to give me all
- 00:21:47of the numbers in the Fibonacci sequence
- 00:21:49you can see this was almost the exact
- 00:21:51bottom of where the price went before
- 00:21:53then eventually having another run up to
- 00:21:56take a run at all-time highs all right
- 00:21:58and if you want to get a better idea of
- 00:21:59how high a certain cryptocurrency could
- 00:22:01go something that we use in not only our
- 00:22:03investing but our day-to-day trading as
- 00:22:05well where we're able to find these
- 00:22:07smaller moves in the market trade them
- 00:22:08and be able to make regular profit day
- 00:22:10after day with similar patterns we can
- 00:22:12use something called a trend-based fib
- 00:22:14extension which is going to give us
- 00:22:16these same ratios but now it's going to
- 00:22:17be starting at the bottom of a trend up
- 00:22:20to the first big push where there's a
- 00:22:22bit of a pullback and then a
- 00:22:23continuation dragging back down to the
- 00:22:25beginning of this trend and if we drag
- 00:22:27this line over you can see this golden
- 00:22:29ratio 1.618 multiplied by the distance
- 00:22:33of that first push either the 1618 or
- 00:22:36the 2618 often times shows us a very
- 00:22:39probable at least temporary top in the
- 00:22:41current Trend all right so naturally
- 00:22:43there was some profit taking and that
- 00:22:44tool can help you potentially pick tops
- 00:22:46and bottoms of the market what I like to
- 00:22:48do is go over here and just put little
- 00:22:49stars on them as well that's going to
- 00:22:51pull them up into this menu so now you
- 00:22:53can have easy access to those so say for
- 00:22:56example you wanted to have a dip by
- 00:22:58order on Solana you can click at the
- 00:23:00beginning of this trend go up to our
- 00:23:02high point here this going to give you
- 00:23:04your 61.8 value once again not saying
- 00:23:07that Solana is necessarily going to come
- 00:23:08down to this value but just for other
- 00:23:10coins and for the sake of example you
- 00:23:12can then keep track of where your
- 00:23:14position is by clicking on this button
- 00:23:16here and clicking on Long position okay
- 00:23:18that's going to allow you to click here
- 00:23:20be able to see where you expect the
- 00:23:22price to go as well as where you'll sell
- 00:23:24if the price goes against you so if you
- 00:23:26wanted to hold it basically until it
- 00:23:28went to zero you put this down to zero
- 00:23:30all right so now if the price comes down
- 00:23:32to here you'll be able to know exactly
- 00:23:34where you bought into the cryptocurrency
- 00:23:36what you're risking on it then click on
- 00:23:38this click into usdt input the total
- 00:23:41amount of money say you put $500 into
- 00:23:43salana at this price that's going to
- 00:23:45show you the total amount of money that
- 00:23:47you're risking as well as if you can
- 00:23:49look really closely in here the open p&l
- 00:23:51if the price were to come down and get
- 00:23:53you here and then come back up to this
- 00:23:55price okay so then you can go up and
- 00:23:56click this button right here say you
- 00:23:58have a group of cryptocurrencies that
- 00:23:59you want to watch that you have bought
- 00:24:01in at a certain price and you want to
- 00:24:02track the performance of those you can
- 00:24:04click on these three dots here you can
- 00:24:06open this button right here click this
- 00:24:08drop down and then you can click create
- 00:24:10new list right here call it my portfolio
- 00:24:12click save and then say I wanted to add
- 00:24:14my Solana analysis right here I could
- 00:24:17hit this little plus go to Soul click on
- 00:24:19the blue flagged crypto and now I'll
- 00:24:21have a nice organized list of all the
- 00:24:23cryptocurrencies that I've done my
- 00:24:24analysis on but say for example you
- 00:24:26wanted to keep it extremely simple you
- 00:24:27can add two indicators that from all of
- 00:24:30my research of previous Market cycles
- 00:24:32and how cryptocurrency investing Works
- 00:24:34will show you exactly when's a good time
- 00:24:35to buy and when is a good time to sell
- 00:24:38and if you had have just done these two
- 00:24:39things for the entire time that
- 00:24:41bitcoin's been around you would have
- 00:24:42been able to make crazy amounts of gains
- 00:24:44in your portfolio so the first thing
- 00:24:46that you're going to add you're going to
- 00:24:47click on this little button right here
- 00:24:48and you're going to type in BTC Mining
- 00:24:51cost this is going to open up the chart
- 00:24:53that shows you how much it costs to mine
- 00:24:55a single Bitcoin which is essentially
- 00:24:57the comp computational output required
- 00:25:00in order to mine a Bitcoin and you'll
- 00:25:02notice Over The History of Time the
- 00:25:03price of Bitcoin really rides nicely
- 00:25:06along the cost of mining because it
- 00:25:07doesn't really make sense for the price
- 00:25:09of Bitcoin to be below what it costs to
- 00:25:11actually make one as a fundamental way
- 00:25:13of valuing Bitcoin okay so if you're
- 00:25:15looking for a good time to buy Bitcoin
- 00:25:17it's when the price is near or at the
- 00:25:20cost of mining that we see right here
- 00:25:21okay so all of these times would be
- 00:25:23really really good times to buy and for
- 00:25:25finding good times to sell if you want
- 00:25:27to keep it really really really simple
- 00:25:29there's something called the terminal
- 00:25:31price of Bitcoin you can just look up
- 00:25:33look into Bitcoin terminal price of
- 00:25:35Bitcoin this is going to show you a
- 00:25:37pretty complex mathematical formula
- 00:25:39called the terminal price of value now
- 00:25:41you don't need to know how it works this
- 00:25:42is a way of forecasting the future value
- 00:25:45of assets and anytime the price of
- 00:25:47Bitcoin either exceeds or comes close to
- 00:25:49touching this line has almost perfectly
- 00:25:51timed all of the tops of the market you
- 00:25:54can use that as a simple sell tool and
- 00:25:56then when the price comes back down
- 00:25:57wherever this cost of mining chart is
- 00:25:59you just go ahead and rinse and repeat
- 00:26:01the process and this is a good way if
- 00:26:03you want to really really simply invest
- 00:26:05to maybe be able to sell a little bit of
- 00:26:06the position at the terminal price and
- 00:26:08buy a little bit of the position back at
- 00:26:10the cost of Mining and be able to help
- 00:26:12compound your portfolio once again this
- 00:26:14is all stuff that I talk about in the
- 00:26:15other video and we are going to get a
- 00:26:17little bit deeper into portfolio
- 00:26:19building in the next chapters of this
- 00:26:20video okay if you're still here and
- 00:26:21you're enjoying this and you're riding
- 00:26:23it through all of these details let me
- 00:26:25know by hitting the like button and
- 00:26:26letting me know that this is helping you
- 00:26:28out so let's dive into chapter 5 and
- 00:26:29talk about ways to actually make money
- 00:26:32from cryptocurrency so we're going to
- 00:26:33talk about a few different methods that
- 00:26:35are very applicable that you can start
- 00:26:37doing today okay so we're going to start
- 00:26:38off really simple and then we're going
- 00:26:39to sort of work our way up and go a
- 00:26:41little bit more advanced we're also
- 00:26:42going to talk about building a simple
- 00:26:44portfolio structure which is sort of
- 00:26:45what I've used as the Cycles progress on
- 00:26:47so when we're making money either in
- 00:26:49trading or investing we're obviously
- 00:26:51doing it by acquiring an asset at a
- 00:26:53certain price and then selling it in the
- 00:26:55future for an appreciated price where
- 00:26:57now netting out a positive gain of say
- 00:27:00for in this example $20 okay so if we
- 00:27:03bought a hundred of these and had $1,000
- 00:27:05of this coin and then we sold 100 of
- 00:27:07these for the $30 we would keep a $2,000
- 00:27:10profit okay and so this is the main
- 00:27:12fundamental principle of investing
- 00:27:14trading anything that we're doing in
- 00:27:16crypto okay so when we're talking about
- 00:27:17trading versus investing trading is when
- 00:27:20this process happens in under one year
- 00:27:23all right and then when something is
- 00:27:24held for longer than a year this is
- 00:27:26really considered an investment so
- 00:27:28generally speaking investing is getting
- 00:27:30into something and holding it for a
- 00:27:32significant amount of time and trading
- 00:27:33is a quick In-N-Out process to be able
- 00:27:35to make the money run and then apply it
- 00:27:38to the next thing with trading whenever
- 00:27:40you make money it's a short-term capital
- 00:27:42gain which is taxed at your current
- 00:27:44income bracket when you hold something
- 00:27:45for longer than 365 days it's considered
- 00:27:48a long-term capital gain which is then
- 00:27:51taxed substantially lower than your
- 00:27:52income which is why it's important to
- 00:27:54also consider that when you're buying
- 00:27:55and selling your cryptos if you can hold
- 00:27:57them for over a calendar year then
- 00:27:59you're going to pay significantly Less
- 00:28:00on the taxes when you go to sell it so
- 00:28:02it's a good tip to help you plan when
- 00:28:04you're going to buy and sell these
- 00:28:05assets so we were to buy Bitcoin
- 00:28:07somewhere down here at the cost of
- 00:28:08mining then in November of 2021 sold our
- 00:28:11position at about $660,000 at the cost
- 00:28:13of mining you can see this happen in
- 00:28:15about a Year's worth of time this is
- 00:28:17technically going to be considered an
- 00:28:18investment because you're holding it for
- 00:28:20a significant amount of time say you
- 00:28:21bought back here once it got close to
- 00:28:23the cost of Mining and now you're
- 00:28:25waiting for the price of Bitcoin to once
- 00:28:27again hit the cost of mining okay on
- 00:28:29this investment you would have made
- 00:28:30about a 6X return so say you started
- 00:28:32with $1,000 now you would have $6,000 to
- 00:28:35then go ahead and repurchase back at the
- 00:28:38cost of mining you'd still be up about a
- 00:28:392.5x so you'd be up about $113,000 or
- 00:28:4313x on your original portfolio and if
- 00:28:45you just wait to the cost of mining up
- 00:28:47here that would be about 7x which would
- 00:28:49put you about 40x on your overall
- 00:28:52position okay and if you were to rinse
- 00:28:53and repeat this entire process one more
- 00:28:55time you could quite literally take
- 00:28:57$1,000 and turn it into several hundreds
- 00:28:59of thousands of dollars and these are
- 00:29:01the concepts that I use starting with
- 00:29:02about $15,000 to amass it up into a
- 00:29:05significant chunk of capital if you just
- 00:29:07want to hold Bitcoin long term and hold
- 00:29:09it for the next 50 years and let Bitcoin
- 00:29:11be $2 $3 million potentially and you're
- 00:29:14going to make a 40 to 50x on your money
- 00:29:16that's also considered long-term
- 00:29:17investing and just slowly adding to your
- 00:29:19position over time is definitely the
- 00:29:21safest option okay I'll always say
- 00:29:23something time in the market is always
- 00:29:25going to be timing the market okay so
- 00:29:27even if you are going to try a time
- 00:29:28these highs and lows just remember the
- 00:29:30concepts that we talked about in the
- 00:29:31beginning where if something big happens
- 00:29:33in Bitcoin that can drive up the price
- 00:29:35significantly and you don't want to be
- 00:29:36held on one of those parabolic moves
- 00:29:38because you were just waiting for a
- 00:29:39little bit lower of a price okay the
- 00:29:41second way to really make money in
- 00:29:43crypto is that shorter time frame
- 00:29:45trading which is what I spend a lot of
- 00:29:46my time doing so that I can generate an
- 00:29:48income off of small Market moves like
- 00:29:50this so for example if we were to use
- 00:29:52our trend lines off of a level like this
- 00:29:55trend line on these lows here just like
- 00:29:57what we saw with salana the price breaks
- 00:29:59out Above This level I click on my
- 00:30:01Fibonacci indicator here and then have
- 00:30:03my special dip by levels you'll see on
- 00:30:05this overall move we had a dip into this
- 00:30:0861.8 level where then say for example I
- 00:30:11can buy at that level where I take
- 00:30:12profit on this green line keep in mind
- 00:30:14now all of these individual candles are
- 00:30:17on a 3 minute time frame so the time
- 00:30:19that this trade took would have been
- 00:30:20about 20 to 30 minutes say I was risking
- 00:30:23around $200 on this trade okay trades
- 00:30:25like this allow me to make say for
- 00:30:26example 3x what I'm risking so this
- 00:30:29trade would allow me to make $600 in
- 00:30:31about 24 minutes so when we're not just
- 00:30:33investing in cryptocurrency this is
- 00:30:35primarily what we're spending our time
- 00:30:36on on the private side of our trading
- 00:30:38team and also on our Discord and you can
- 00:30:40see all of our private team members
- 00:30:41learning and being able to take nice
- 00:30:43trades on the market on the channel as
- 00:30:45well I have tons of videos of me doing
- 00:30:46this in real time showing you the basics
- 00:30:48of how it works so let's get into
- 00:30:50chapter 6 where we actually talk about
- 00:30:51how to buy and sell these cryptos all
- 00:30:53right so there's a few ways to buy sell
- 00:30:55and hold different cryptocurrencies the
- 00:30:57two biggest differences that you need to
- 00:30:58know is the spot market and the
- 00:31:00derivatives markets when you go on into
- 00:31:02a centralized exchange like coinbase or
- 00:31:04binance and you buy something on the
- 00:31:06spot Market you are actually purchasing
- 00:31:09that underlying asset and holding it in
- 00:31:11your name on that exchange when you use
- 00:31:13leverage most of the time or you use
- 00:31:15Futures you're buying derivatives so
- 00:31:17you're buying a representation of that
- 00:31:19instrument you're not actually
- 00:31:21exchanging it on the blockchain to hold
- 00:31:23that coin in order to move
- 00:31:24cryptocurrency into the market in
- 00:31:26general you need something called a Fiat
- 00:31:28on and offramp and that's why I prefer
- 00:31:30to use coinbase so you can go onto
- 00:31:32coinbase and hit this buy or sell button
- 00:31:34and then click on here and you can
- 00:31:36either connect your bank account to get
- 00:31:37money into the system and if you click
- 00:31:39on Tether right here this is going to
- 00:31:41allow you to have usdt which is going to
- 00:31:43represent US dollar inside your coinbase
- 00:31:46now you can send crypto basically
- 00:31:47anywhere you want and then you can sell
- 00:31:49it back to cash and put it back into
- 00:31:50your bank account all right so coinbase
- 00:31:52really falls under an investing category
- 00:31:54for me okay the ultimate goal is to get
- 00:31:56it into a cold storage wallet which is
- 00:31:58the last thing that I'm going to show
- 00:32:00you but coinbase is US regulated so it's
- 00:32:02awesome and has a decent selection of
- 00:32:04good cryptocurrencies as far as the
- 00:32:06short-term time frame trading is
- 00:32:07concerned okay there are other options
- 00:32:09depending on where you live that offer
- 00:32:11leverage trading for these sort of
- 00:32:13derivative markets that we were talking
- 00:32:14about okay so you have options like FX
- 00:32:16or biit and you'll see options like this
- 00:32:18allow you to use leverage which allows
- 00:32:20us to take those shorter time frame
- 00:32:22trades all right and if you want to
- 00:32:23learn more about that entire process I
- 00:32:25also have training for you here on the
- 00:32:27sheet that's in the Des description I'll
- 00:32:28add a link in here and you can have all
- 00:32:30of the tools that I use and also learn a
- 00:32:32little bit more about the process of how
- 00:32:33we're actually doing this trading so
- 00:32:35these three pairs up here are examples
- 00:32:37of centralized exchanges so you're still
- 00:32:39trusting in the government or the
- 00:32:41central entity that technically holds
- 00:32:43your private keys and ultimately holds
- 00:32:45your cryptocurrency when it comes to
- 00:32:46decentralized exchanges where it's a
- 00:32:49peer-to-peer process now you hold your
- 00:32:51own private seed phrase one of the most
- 00:32:53commonly used examples of decentralized
- 00:32:56exchange is something called meta mask
- 00:32:58so if you want to add all of these
- 00:32:59chains you can then send funds to this
- 00:33:01wallet address and have a little bit
- 00:33:03more flexibility in autonomy to sort of
- 00:33:05buy and sell what you want all right so
- 00:33:07say that you wanted to buy a certain
- 00:33:08cryptocurrency you can click on this
- 00:33:10swap button right here say you had US
- 00:33:12dollar in here you can then input
- 00:33:14whatever cryptocurrency that you wanted
- 00:33:15to buy then you can swap your crypto for
- 00:33:17any coin that you want and the good
- 00:33:19thing about metamask is now you hold
- 00:33:21your private keys so you're not relying
- 00:33:22on a centralized exchange you have a
- 00:33:24seed phrase for this wallet so metamask
- 00:33:26is going to work for something called
- 00:33:28evm compatible chains so you can click
- 00:33:30over here then you can click add on
- 00:33:32networks you can see all of the
- 00:33:33blockchains that you can use to send
- 00:33:35tokens back and forth on metamask say
- 00:33:37you wanted to use something like Solana
- 00:33:39okay this is where Phantom comes into
- 00:33:40the situation which is similar to
- 00:33:42metamask that I personally use because
- 00:33:44it's compatible with salana tokens okay
- 00:33:46so for your decentralized exchanges we
- 00:33:48have Phantom and metamask which are my
- 00:33:50two favorites for derivatives trading
- 00:33:52for short-term trading we have FX in
- 00:33:54bybit and then to get money in and out
- 00:33:56of crypto we have coinbase but if you
- 00:33:58want to talk about the Ultimate Security
- 00:33:59of actually owning your own Bitcoin and
- 00:34:02basically being hack proof this is the
- 00:34:04ultimate way to do it it's something
- 00:34:06called Ledger live and what this allows
- 00:34:08you is something called custodial
- 00:34:09custody you yourself own your own keys
- 00:34:12and own all of the own cryptocurrency
- 00:34:14it's hardly ever online which makes it
- 00:34:16almost impossible to hack and it comes
- 00:34:18with its own app so essentially you can
- 00:34:19send your cryptocurrency into this
- 00:34:21account as soon as you unplug the thumb
- 00:34:23drive so all of your longer term
- 00:34:25investing things that you plan to hold
- 00:34:27indef itely should be stored safely on
- 00:34:29your Ledger live then you can use things
- 00:34:31like coinbase for things that you're
- 00:34:32temporarily holding or that you want
- 00:34:34easier access to be able to buy and sell
- 00:34:36let's get into chapter 7 which is the
- 00:34:38final chapter and let's talk about
- 00:34:39actually organizing your cryptocurrency
- 00:34:42this is one of the most important things
- 00:34:43to focus on because it's really really
- 00:34:46easy to get lost down the rabbit hole
- 00:34:48you start buying and selling a bunch of
- 00:34:49things you start sending money to
- 00:34:50different places and now all of a sudden
- 00:34:52you have no idea where your money even
- 00:34:54is I'm going to show you a good way to
- 00:34:55be able to track exactly how much money
- 00:34:57you've made or lost where all your money
- 00:35:00is and a way to look at it simply all in
- 00:35:02one spot okay so we're actually going to
- 00:35:03go back to our good friend coin market
- 00:35:06cap and you're going to click this
- 00:35:07little hamburger button up here and
- 00:35:08click on portfolios all right so you can
- 00:35:10hit create portfolio then you can just
- 00:35:12sign in with your Google account and
- 00:35:14then once you created your portfolio you
- 00:35:16can click into this button right here
- 00:35:18search basically any coin that you buy
- 00:35:20you can type in the quantity the price
- 00:35:22that you got per coin the date any fees
- 00:35:24that are associated as well as notes so
- 00:35:26say for example in
- 00:35:28metamask wallet and then you can add
- 00:35:30your transaction and it will show you
- 00:35:32how much money is in your wallet how
- 00:35:33much your all-time profit is in one
- 00:35:36simple snapshot so that you actually
- 00:35:37know where you stand with your crypto
- 00:35:39investing instead of having it be all
- 00:35:40sprinkled around into different
- 00:35:42exchanges okay this is especially going
- 00:35:44to be helpful when taxes roll around
- 00:35:46because then you'll know exactly how
- 00:35:47much money that you made and you'll have
- 00:35:48a rough understanding of how much money
- 00:35:50you made on each exchange so that when
- 00:35:52you populate your tax forms it's a lot
- 00:35:54easier to pay taxes okay obviously I
- 00:35:56can't offer tax advice but what I will
- 00:35:58say is a really helpful tool that I
- 00:36:00found is called coin Le I actually use
- 00:36:02coin Le and coin tracker both
- 00:36:04simultaneously you can actually
- 00:36:06automatically connect say your coinbase
- 00:36:08or any other exchange even decentralized
- 00:36:11exchange wallets and it's going to
- 00:36:12automatically populate all the tax forms
- 00:36:15that you need so when it comes down to
- 00:36:16accounting you can send these forms off
- 00:36:18to your tax team or Into Turbo Tax or
- 00:36:20whatever that you use and it just takes
- 00:36:22a lot of the headache out of you trying
- 00:36:23to figure out by hand all the capital
- 00:36:25gains that you've made on crypto this is
- 00:36:27obious viously a simplified version of
- 00:36:29all the stuff there is to learn but
- 00:36:30these are the key things that I think
- 00:36:32are valuable to really start
- 00:36:34understanding how to dive into the
- 00:36:35market do your own research get involved
- 00:36:37and be able to start investing into
- 00:36:39cryptocurrency which once again can be a
- 00:36:41massive Emerging Market to offer us
- 00:36:43crazy amounts of wealth generating
- 00:36:45opportunities like I said before the
- 00:36:47link to this sheet is going to be in the
- 00:36:49description so you can reference it and
- 00:36:51use this as a home base I also have tons
- 00:36:53of other YouTube videos talking about
- 00:36:55projects that I like how to build out a
- 00:36:57portfol folio as well as all of the
- 00:36:59trading information as well so this is a
- 00:37:00good foundation to then dive further
- 00:37:02into the channel and continue learning
- 00:37:04and I hope it helps you on your journey
- 00:37:05in 25 years down the line you're
- 00:37:07extremely grateful that you came across
- 00:37:09this video okay if you're still here
- 00:37:10make sure you hit the like button on the
- 00:37:12video subscribe to the channel if you
- 00:37:14like trading and investing check us out
- 00:37:15on Instagram as well I'm dropping some
- 00:37:17exclusive content there but until next
- 00:37:19time guys I will see you all in the next
- 00:37:21video
- 00:37:23[Music]
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