Original subtitles

Right now, we could be seeing the biggest emerging markets that the world

ever seen in our generation's one opportunity to generate massive amounts

wealth. Our opportunity right now to invest in crypto is similar to us

couple thousand dollars into the S &P 500 and now having over $1 .1 million.

And even though investing in this market is fairly simple once you know the

basics, sadly, 99 % of people won't pay any attention and will still be left

behind. But for the 1 % that does, including you guys who stumbled across

video, you have an opportunity right now to be in that 1 % and even starting

with a small amount of money, be able to become a millionaire in the years to

come. Okay, I've been in the crypto space for over five years, full -time

trading over the past seven. So this video is going to serve as a simple

of me taking all of the things that I've learned over my experience and giving

you the simple clean cut version. So I'm going to show you things like

cryptocurrency basics, the short -term and long -term investment potential that

I see, how you can do simple fundamental and technical analysis so that you

actually understand you're in different ways to actually make money in crypto as

well as how to buy sell and organize all of your crypto activity as well as all

the tips and tricks that i've learned over the years so if you make it to the

end of the video you'll have a simple investing foundation to be able to

like the one percent so if that sounds good make sure you hit the like button

the video subscribe to the channel if you like trading and investing and if

end up liking this video make sure you share it with a friend who you also want

to be in the future millionaires club with let's start off with the

cryptocurrency basics so you understand the main point of the entire market the

best way to think about crypto is it's a secure transparent way of storing and

sharing information that is viewed by everyone but isn't necessarily

by one person this form of technology allows information to be transferable

between parties where during that transfer process there's a form of

so that it's a secure way of sharing information but can be done completely

an open ledger where everyone can see transparently what's going on there's

really no central entity that we're relying on to be transparent because

parties are in agreement and the information is there for everyone to see

even though there's a ton of cryptocurrencies out there there's a few

applications of crypto the first biggest one and this is applicable to bitcoin

which is the most popular cryptocurrency it's something that stores value so it

protects against currency debasement and is a fast way of transferring wealth

without borders without having to deal with centralized government entities a

lot of people just think this is for you know bad activity but this is actually

one of the most transparent ways of transacting. The second big use case for

cryptocurrency is something called a DeFi, which stands for decentralized

finance. A simple way to look at this is considering it as programmable money.

So imagine a network where you can set up automations where all the

are happening by themselves and you can continue to build a network without

needing all these different departments of people doing individual things. It's

a web of programmable money where something called smart contracts are

all of these functions. We're going to dive a lot more into understanding a

little bit about how that works so you can really wrap your mind around it. But

coins like Ethereum, Solana, BNB, these are all things that, yes, can store some

value, but are mostly geared towards decentralized finance.

And this is probably going to be one of the biggest emerging markets that the

world's ever seen. Like I said, we're going to dive into that. And the third

biggest category is something called stablecoins. Now, these aren't really

as investment vehicles. Rather, this is a cryptocurrency version meant to

represent the value of a fiat currency. When I say fiat currency, I mean

something like the US dollar or the yuan. Currencies that are issued by a

central government. Some of the biggest ones are the USDT stablecoin, which is

always going to be worth $1 and essentially allows you to use regular

on the blockchain.

Before we dive into key terms in learning a little bit more about

cryptocurrency, I want to move into section two and talk about the huge

investment potential in the short and long term for this emerging market. So

chances are you've probably heard a decent amount about Bitcoin. And the

reason Bitcoin has caught a lot of traction over the past several years is

because it is considered a store of value, fighting against one of the

issues that countries in general have and that the U .S. is definitely

to see, which is something called currency debasement. Currency debasement

basically when centralized governments continue to print money, increasing the

total amount of money that is out there, which over time is going to erode the

buying power of the currency.

1800s, $100 now only has the buying power as of 2020 of $3. And this was

COVID where we printed 22 % of the total US dollar supply in just a few years,

which is now even further drastically driving the buying power of the US

down. We're losing about 3 % to 4 % of our buying power per year. And this is

one of the biggest things that the US is trying to solve. And there's something

called global reserve currency. Right now, the US dollar is the reserve

of the world. It's what we trade barrels of oil with. You can consider it sort

of the gold standard currency of the entire world. And you can see the

currency status has changed hands quite a bit. In 1450, it was Portugal with the

status. Then it turned into Spain for about 110 years, Netherlands for 80,

France for 95, Great Britain for about 105.

And the U .S. is now starting to creep up into that average duration of time.

And now some of the other large players in the world, including Saudi Arabia and

China,

to potentially switch currencies for the trade of oil, which if that does happen

in the US is to lose the reserve currency status. In about six months,

would lose about 30 % of its value. The cost of importing goods would become

drastically more expensive.

All of the debt that we've been accumulating, the government would not

to borrow at the current rate, which would then result in a larger deficit

would need to be filled by either increasing taxes or printing more money,

then we would experience something called hyperinflation. which is what a

countries with older currencies see, this is why you can go to different

countries with US dollars and you're able to have tremendously more buying

power. And I'm not here to play the whole Armageddon thesis.

What I am here to say is that even if this isn't to happen, over the past 120

years, we've still seen our currency lose about 97 % worth of its value. And

that doesn't ring alarm bells saying that the globe needs to store value that

can't be inflated and manipulated by a centralized entity, then I don't know.

what does. And for years, gold has been the solution around this and gold has

been a tremendous store of value. But if we really look at the breakdown of

gold, is it verifiable? Do we know how much gold is actually in the reserves?

Still kind of held by a central entity, whether it's a bank, whether it's a

government. Is it fungible? Meaning, is it unique? Is it easily replaceable? The

answer is no. Is it portable?

Absolutely not. Can't lug around gold bars in your pocket. Is it durable? Yes,

it's very durable.

Divisible? Not so easy to Divide up fractional amounts of gold. It needs to

through a process and it's not easy to do. It's moderately scarce, so we're

continuing to mine gold over time. We also have no idea how much gold is out

the solar system as well, which could drastically impact the actual value that

we do see in it. Does it have an established history? Yes, gold has a

established history. It's been one of the best stores of value over time. Is

censorship resistant?

Can the government or a central entity hide or lie about it? That gets a

moderate rating. Is it programmable? Of course. gold is not programmable. And is

it decentralized?

Once again, most of the gold in the world is still primarily owned by

governments. So the decentralization of that is still at a moderate level. You

can see traditional money scores almost low in every single category that's

important. And if we look at Bitcoin comparatively, is it verifiable?

Extremely. Fungible?

Extremely. Portable?

Extremely. Durable, it gets a moderate rating. It can be easily divisible. It

extremely scarce because we know there's only ever going to be 21 million

Bitcoin. It doesn't yet have a established history, which also is an

opportunity to the upside considering that it is so early in the market. Is it

censorship resistant?

Extremely. Everything is open and on chain for people to see. It is also

programmable and 100 % decentralized.

Okay, so for raiding currencies, Bitcoin automatically destroys all of what

we've seen before and is a way we can store value and easily send it all over

the world without having to physically move anything or deal with centralized

governments. And if we look at the chart of Bitcoin compared to the chart of the

US dollar, I'm pretty sure you understand where we're getting at. And

said, I'm not here to call Armageddon, but I'm saying if you are in your 20s or

30s, the chances of something happening or just seeing what we've seen right now

continuing to happen is extremely high. high. And considering that Bitcoin still

sits at only $1 .3 trillion, not only do I see this pretty easily being able to

match the market cap of gold, which is sitting at about $15 .5 trillion, but I

can actually see this being more accessible to more people than gold,

passing the market capitalization of gold, which if Bitcoin was able to pass

market capitalization of gold, we would actually see the price of Bitcoin pass a

million dollars, which still, if we look at the overall market cap, would only

require about 15 of the total global money to be in bitcoin for this to

okay so make sure you don't take this as financial advice but not only do i view

this as an amazing investment opportunity but the amount of money that

to drive into new companies and new cryptocurrencies that can move up

of x's is going to be something that the world has never seen is going to allow

a lot of us to be able to amass a lot of wealth but we need to know the details

of how to actually interact with the market and be able to set ourselves up

simple ways to take advantage of that so that's what we're going to dive into

right now. Okay, on the DeFi side, imagine banking and finance, all of

healthcare, government, energy, sustainability, now being able to be

So instead of a ton of people working to allow, for example, a person to buy and

sell a house, this can all be now programmed completely transparently,

completely securely, and the underlying currency that is required to be able to

engage with this ecosystem is what people would hold. And this is basically

Ethereum or Solana or BM... be is. Now that we understand the concept, the

investment opportunity, and how this sort of applies to real life, let's take

deeper dive into some of the cryptocurrency fundamentals.

And I'm also going to show you and share with you a notion sheet that I put

together of all of my favorite cryptocurrency resources.

I'm going to be breaking down a little bit about each one, but this is going to

be in the description. So you'll have a central area with all of the official

links that you can also follow along as we dive into this stuff. So these are

some of the key terms that I want to go over before we dive into some of the

software. First thing to understand is what an exchange is think of this as a

way to actually buy and sell and transact cryptocurrencies and other

there's different types of exchanges so a centralized exchange is something like

coinbase or binance where the business is acting as the intermediary to

facilitate transactions between two parties the next type of exchange is

something called a dex or a decentralized exchange this is a peer

marketplace allowing cryptocurrency buyers and sellers to transact directly

each other without using any sort of centralized entity in order for us to

figure out what's going on sort of under the hood of a cryptocurrency and

understanding the details that either make it good or bad we refer to this as

something called tokenomics so it's the study and analysis of the economic

aspects of a cryptocurrency or blockchain project with particular focus

design and distribution of the native tokens that will play into different

metrics that we're going to look at including market cap which shows us how

of these individual tokens are available for people to buy and sell And this is

different from the total supply, which in the case of Bitcoin, like we were

talking about, has a total maximum supply of 21 million tokens. Some

have this, some projects do not. Okay, just like the US dollar, we don't have a

max on how many US dollars we're going to print, which would mean that the

supply of the US dollar is infinite. So this is going to tell us the total

amount of coins that can be issued into circulation. If there is a total supply,

we can look at something called FDV, which stands for fully diluted. value

shows us the market cap at the current price of each coin if all of the coins

were put into circulation.

A lot of times cryptocurrencies will release a little bit of their tokens at

first so you'll be able to see the market cap by taking the total

supply of the tokens that are out and multiplying them by the per price unit

amount. This is a better way for us to get an idea of the true value of a

company. As more coins are added out into the circulating supply this term is

called dilution and this is exactly what you're seeing with say for example the

us dollar when we print more money you're diluting the current supply so

example we had six coins here and each of them were priced at ten dollars that

would mean that the market cap would be sixty dollars and the circulating supply

would be six say for example we kept the same amount of money in the market so

there was no new money added but now we 2x the total supply meaning now there

would be 12 total tokens now automatically considering there's only

dollars in market cap each of these coins would Now cost $5 instead of 10.

say you only held six tokens. If they add more to the supply, you can hold the

same amount of tokens, but now you've lost.

half your value so this process is called a dilution all right in terms

trending and bullish when people say trending markets it means that the

is moving something like this so this is trending upwards same thing for a

downward trend we're seeing lower highs and lower lows which makes this once

again trending downward this is going to be referred to as bearish and when we

have something trending in the up direction this is often referred to as

so now that we know our fundamentals let's take a real world look applying

of these principles okay So my favorite resource probably of all time is going

to be CoinMarketCap, which is going to allow us to see all of these details,

including the total supply, the circulating supply, the FDV. This can be

your fundamental research hub for any coin that you hear people say. So if

someone says, check out this new coin called SolarX, okay, you can go and look

it up.

See a price chart of it. See all of the official websites, including the

Twitter, the telegrams. You can see the total market cap right here. Also going

to show us our FDV right here. And you can see only 20 million of the 400

million tokens are actually released into circulation, which if we go over

and click on our white paper, this is going to show you a vesting schedule,

which shows you how they plan to actually send out all of their 400

tokens and over what period of time they plan to do it. Okay, there's another

good reason. source that does a very similar thing called CoinGecko. This is

also going to show you all of the main cryptocurrencies by market cap, as well

as all of the other information that we also wanted to know. Another resource

that I really like to look at is something called DeFi Llama. This is how

money is locked up into different blockchains, which is essentially the

blocks for other cryptocurrencies to be built on. In order for this to happen,

you can hold the token and stake it to be able to be a part of the network

validating those transactions.

So something like Ethereum, for example, works off a process called proof of

stake, which, like I said, basically validates transactions from individuals

that hold over 30 tokens of Ethereum and have it staked into the network. So

just as an example of how I use this, I like to find investment opportunities by

looking at comparisons between different blockchains with a different amount of

total value locked into it. You see something called protocols here. So

are essentially blockchains. And you see one of the newest protocols called base

is Coinbase's new. major protocol that currently has 1 .6 billion dollars worth

of total value locked now if we look at for example binance's version of this

that was around during a big move up in cryptocurrency you can see the total

value locked at the high of the market was 21 billion dollars you can see for

example the number one dex for binance smart chain was pancake swap so if we go

back over to our coin market cap and we look at pancake swap you can see

correspondingly at the same time the market cap of pancake swap was about 6

billion dollars and it moved all the way up from a couple hundred million

dollars in market cap so if i go over to base which is once again coinbase's

main layer 2 they could potentially 20x or more in value if we do see a big run

in cryptocurrency i found what i believe to be an amazing opportunity in crypto

by finding the pancake version of coinbase called aerodrome which you can

still sitting only at a 400 million dollar market cap just like what we saw

PancakeSwap before we saw it go up to $6 .6 billion.

And you can see here they're circulating supply. They can only dilute the supply

by about 50 % more, which means they can't hyperinflate the currency and make

completely worthless.

And you'll see the fully diluted market cap is still sitting at around $1

billion compared to this other coin that we were looking at, which is going to

unlock 400 million tokens and only have about 20 million tokens in circulation.

So this is a little bit more advanced version of some of the crypto investing.

But I wanted to show you how I tie all these things together. So even if you

just want to look at the price of basic coins and know what's going on in the

market, you can use coin market cap to do that. Okay, another tool that I use

do comparative analysis is something called market cap of. So a lot of these

coins, what they'll do is price their coin ridiculously cheap. So you can have

hundreds of millions of coins. And then people think even if it goes to one

penny, I'll have millions of dollars. Okay, but if you look at the market

capitalization, there's still $12 billion worth of market cap. And this is

to show me how much XRP would cost if it had the current market cap of Bitcoin.

I can also switch between any token that I want. So for example, I could put in

Solana. Then it would show me how much XRP would cost if it had the market cap

of Sol. This is a good tool to be able to compare the sizes of cryptocurrencies

and get a realistic view of how much your investment could move up. Okay, so

once again, let's say for example, we take Arrow and we want to see how much

Arrow would cost if it went to the all -time high of PancakeSwap. All right, so

you can sort of... see the amount of upside that you can expect by using

something called comparative analysis.

All right, so now that we know a little bit about crypto fundamentals, let's

take a dive deeper into some crypto technicals. I'm going to show you some

ways to analyze cryptocurrency on a technical level. Okay, so the main thing

that we're going to be using for that is something called TradingView. You can

go right to this website.

All right, this is where you can start to chart out some of your investments.

when you open up TradingView, it's probably going to look something like

Okay, I could spend hours talking about the details of this software. if you're

interested in knowing a little bit more i'm going to link in a card right here

an entire breakdown of my favorite features and how i use this software but

now i'm just going to teach you some simple basics that you can start to use

right now to look at some of these cryptocurrencies be able to see some

data so up here in the top left if you click into here this is going to allow

you to pick which market you want to take a look at in this case we're going

be focusing on crypto but you can also do things like stocks as well so if we

click on crypto then we're just going to type in things like ethereum Solana,

etc. And we can choose which exchange we want to look at the chart on. Okay, so

let's take Bitcoin as an example.

So we scroll all the way in, we'll see these little boxes here. So this box

shows us one week worth of the price of Bitcoin moving. You'll notice this one

is white and this one is orange. So for example, this white box is basically

like a box in whisker chart. So we have the price opening here, closing here.

And we also, once again, have the highs and lows here. So if we moved over to

say, for example, a one minute timeframe, this is going to show us

but now it's going to show us one minute worth of price action. So if you want

to see what happened in the past week, You can say go out to something like a

-minute time frame. It can show you what's happened, say, over the past week

worth of price. If you want to see what happened over the past year or two, you

can go into something like a weekly or a daily time frame. There's tons of

different ways to do all sorts of analysis on these charts. I'm going to

you about three or four of my favorite basic forms of analysis that you can

start using on your charts now to understand a little bit more about where

are in the market. So let's take Bitcoin for an example here. Okay, the first

tool that I'm going to use often is something. called a trend line so just

we were talking about bullish or bearish trends i can click from one point to

the other and be able to see different trend levels so for example if i click

along these two lows right here i can right click and clone a horizontal copy

you can see that lines up almost perfectly with these two high points

of giving us a channel for the price action to move in and out of using trend

lines can show us areas where the price will likely have troubles breaking

through or areas where the price will potentially bounce off so for example

example if I drag along these lows you can see the price of Bitcoin broke down

underneath this line tested it here before moving lower and then now that

price is broken above this trend line again it came down bounced off of that

and is now continuing to move higher now we don't know what's going to happen

obviously with Bitcoin right now you can start playing around with these trend

levels to pick a little bit better of the areas and have an idea of the high

low regions of a certain cryptocurrency so for example something like Solana I

also use my trend line to see that these highs were bouncing off this level

before the price was able to push above this level. This is why I alerted out to

the private side of our team to buy Solana at this price. And now we're

up around four to five X even early on in the potential bull run. All right.

next biggest tool that I like using is something called a Fibonacci

Once again, I have tons of videos talking about this in detail. Once

watching this, I actually made a video showing exactly how to hundred X your

cryptocurrency portfolio without having to find hundred X.

individual coins just by following some simple procedures, which is what I've

used to be able to amass tremendous amount of capital. I'm going to put that

video in a card at the end of this video so that once you have all the

fundamentals, you can sort of dive a little bit deeper into that strategy.

this Fibonacci retracement allows us to find potential dip buy levels based on

the natural tendencies of buyers and sellers. So I can essentially click at

top of the trend here. This is going to give me all of the numbers in the

Fibonacci sequence.

You can see this was almost the exact bottom of where the price went before

eventually having another run up to take a run at all -time highs all right and

if you want to get a better idea of how high a certain cryptocurrency could go

something that we use in not only our investing but our day -to -day trading

well where we're able to find these smaller moves in the market trade them

be able to make regular profit day after day with similar patterns we can use

something called a trend -based fib extension which is going to give us the

ratios but now it's going to be starting at the bottom of a trend up to the

first big push where there's a bit of a pullback and then a continuation,

dragging back down to the beginning of this trend. And if we drag this line

over, you can see this golden ratio, 1 .618 multiplied by the distance of that

first push, either the 1 .618 or the 2 .618 oftentimes shows us a very

at least temporary top in the current trend. All right, so naturally there was

some profit taking and that tool can help you potentially pick tops and

of the market. What I like to do is go over here and just put little stars.

on them as well that's going to pull them up into this menu so now you can

easy access to those so say for example you wanted to have a dip buy order on

solana you could click at the beginning of this trend go up to our high point

here this is going to give you your 61 .8 value once again not saying that

solana is necessarily going to come down to this value but just for other coins

and for the sake of example you can then keep track of where your position is by

clicking on this button here and clicking on long position okay that's

allow you to click here be able to see where you expect the price to go as well

as where you'll sell if the price goes against you so if you wanted to hold it

basically until it went to zero you put this down to zero all right so now if

the price comes down to here you'll be able to know exactly where you bought

into the cryptocurrency what you're risking on it and then click on this

into usct input the total amount of money say you put 500 into solana at

price That's going to show you the total amount of money that you're risking, as

well as if you can look really closely in here, the open P &L, if the price

to come down and get you here and then come back up to this price. Okay, so

you can go up and click this button right here. Say you have a group of

cryptocurrencies that you want to watch that you have bought in at a certain

price and you want to track the performance of those. You can click on

three dots here. You can open this button right here, click this dropdown,

then you can click create new list right here. Call it my portfolio, click save.

And then say I wanted to, add my Solana analysis right here. I could hit this

little plus, go to Sol.

Click on the blue flagged crypto. And now I'll have a nice organized list of

the cryptocurrencies that I've done my analysis on. But say, for example, you

wanted to keep it extremely simple. You can add two indicators that from all of

my research of previous market cycles and how cryptocurrency investing works

will show you exactly when's a good time to buy and when is a good time to sell.

And if you had have just done these two things for the entire time that

Bitcoin's been around, you would have been able to make crazy amounts of gains

in your portfolio.

So the first thing that you're going to add, you're going to click on this

little button right. here and you're going to type in BTC mining costs. This

going to open up the chart that shows you how much it costs to mine a single

Bitcoin, which is essentially the computational output required in order

a Bitcoin. And you'll notice over the history of time, the price of Bitcoin

really rides nicely along the cost of mining because it doesn't really make

sense for the price of Bitcoin to be below what it costs.

to actually make one as a fundamental way of valuing Bitcoin.

So if you're looking for a good time to buy Bitcoin, it's when the price is near

or at the cost of mining that we see right here. So all of these times would

really, really good times to buy. And for finding good times to sell, if you

want to keep it really, really simple, there's something called the terminal

price of Bitcoin.

You can just look up, look into Bitcoin at terminal price of Bitcoin. This is

going to show you a pretty complex mathematical formula called the terminal

price of value. now you don't need to know how it works this is a way of

forecasting the future value of assets and anytime the price of bitcoin either

exceeds or comes close to touching this line has almost perfectly timed all of

the tops of the market you can use that as a simple sell tool and then when the

price comes back down wherever this cost of mining chart is you just go ahead

and rinse and repeat the process and this is a good way if you want to really

really simply invest to maybe be able to sell a little bit of the position at

the terminal price and buy a little bit of the position back at the cost of

mining and be able to help compound your portfolio. Once again, this is all

stuff that I talk about in the other video and we are going to get a little

deeper into portfolio building in the next chapters of this video. Okay, if

you're still here and you're enjoying this and you're riding it through all of

these details, let me know by hitting the like button and letting me know that

this is helping you out. So let's dive into chapter five and talk about ways to

actually make money from cryptocurrency.

So we're going to talk about a few different methods that are very

that you can start doing today. Okay, so we're going to start off really simple.

and then we're going to sort of work our way up and go a little bit more

advanced. We're also going to talk about building a simple portfolio structure,

which is sort of what I've used as the cycles progress on. So when we're making

money either in trading or investing, we're obviously doing it by acquiring an

asset at a certain price and then selling it in the future for an

price where now we're netting out a positive gain of, say, for in this

$20. Okay, so if we bought 100 of these and had $1 ,000 of this coin and then we

sold 100 of these for the $30, we would keep a $2 ,000 profit.

Okay. And so this is the main fundamental principle of investing,

anything that we're doing in crypto. Okay. So when we're talking about

versus investing, trading is when this process happens in under one year. All

right. And then when something is held for longer than a year, this is really

considered an investment. So generally speaking, investing is getting into

something and holding it for a significant amount of time. And trading

quick in and out process to be able to make the money run in an to the next

thing. With trading, whenever you make money, it's a short -term capital gain,

which is taxed at your current income bracket. When you hold something for

longer than 365 days, it's considered a long -term capital gain, which is then

taxed substantially lower than your income which is why it's important to

consider that when you're buying and selling your cryptos if you can hold

for over a calendar year then you're going to pay significantly less on the

taxes when you go to sell it so it's a good tip to help you plan when you're

going to buy and sell these assets say we were to buy bitcoin somewhere down

here at the cost of mining then in november of 2021 sold our position at

60 000 at the cost of mining you see this happen in about a year's worth of

this is technically going to be considered an investment because you're

it for a significant amount of time say you bought back here once it got close

to the cost of mining and now you're waiting for the price of bitcoin to once

again hit the cost of mining okay on this investment you would have made

6x return so say you started with a thousand dollars now you would have six

thousand dollars to then go ahead and repurchase back at the cost of mining

you'd still be up about a 2 .5x so you'd be up about 13 000 or 13x on your

original portfolio and if you just wait to the cost of mining up here that would

be about seven X, which would put you about 40 X on your overall position.

And if you were to rinse and repeat this entire process one more time, you could

quite literally take a thousand dollars and turn it into several hundreds of

thousands of dollars. And these are the concepts that I use starting with about

$15 ,000 to amass it up into a significant chunk of capital. If you

hold Bitcoin long -term and hold it for the next 50 years and let Bitcoin be

two, $3 million potentially, you're going to make a 40 to 50 X on your

That's also considered long -term investment. and just slowly adding to

position over time is definitely the safest option. Okay, I'll always say

something. Time in the market is always going to be timing the market. Okay, so

even if you are going to try to time these highs and lows, just remember the

concepts that we talked about in the beginning where something big happens in

Bitcoin that can drive up the price significantly and you don't want to be

on one of those parabolic moves because you were just waiting for a little bit

lower of a price.

Okay, the second way to really make money in crypto is that shorter

trading, which is what I spend a lot of my time doing so that I can generate an

income off of small market moves like this. So for example, if we were to use

our trend line off of a level like this, trend line on these lows here, just

like what we saw with Solana, the price breaks out above this level. I click on

my Fibonacci indicator here and then have my special dip by levels. You'll

on this overall move, we had a dip into this 61 .8 level, where then say for

example, example i can buy at that level where i take profit on this green line

keep in mind now all of these individual candles are on a three minute time

frame so the time that this trade took would have been about 20 to 30 minutes

say i was risking around 200 on this trade okay trades like this allow me to

make say for example 3x what i'm risking this trade would allow me to make 600

in about 24 minutes so when we're not just investing in cryptocurrency this is

primarily what we're spending our time on on the private side of our trading

team and also on our discord and you can see all of our private team members

learning and being able to take nice trades on the market on the channel as

i have tons of videos of me doing this in real time showing you the basics of

how it works let's get into chapter six where we actually talk about how to buy

and sell these cryptos all right so there's a few ways to buy sell and hold

different cryptocurrencies the two biggest differences that you need to

the spot market and the derivatives market. When you go on to a centralized

exchange like Coinbase or Binance and you buy something on the spot market,

are actually purchasing that underlying asset and holding it in your name on

that exchange.

When you use leverage most of the time or you use futures, you're buying

derivatives. So you're buying a representation of that instrument.

actually exchanging it on the blockchain to hold that coin. In order to move

cryptocurrency into the market in general, you need something called a

and off ramp. And that's why I prefer to use Coinbase. So you can go onto

Coinbase and hit this buy or sell button and then click on here. You can either

connect your bank account to get money into the system. And if you click on

Tether right here, this is going to allow you to have USDT, which is going

represent US dollar inside your Coinbase. Now you can send crypto

anywhere you want. And then you can sell it back to cash and put it back into

your bank account. All right, so Coinbase really falls under an investing

category for me. Okay, the ultimate goal is to get it into a cold storage

wallet, which is the last. thing that i'm going to show you but coinbase is us

regulated so it's awesome and has a decent selection of good

far as the short -term time frame trading is concerned okay there are

options depending on where you live that offer leverage trading for these sort

of derivative markets that we were talking about okay so you have options

femex or bybit and you'll see options like this allow you to use leverage

allows us to take those shorter time frame trades all right and if you want

learn more about that entire process i also have training for you here on the

sheet that's in the description I'll add a link in here and you can have all of

the tools that I use and also learn a little bit more about the process of how

we're actually doing this trading. So these three pairs up here are examples

centralized exchanges.

So you're still trusting in the government or the central entity that

technically holds your private keys and ultimately holds your cryptocurrency.

When it comes to decentralized exchanges where it's a peer -to -peer process,

now you hold your own private seed phrase. One of the most commonly used

examples of decentralized exchange is something called metamask so if you want

to add all of these chains you can then send funds to this wallet address and

have a little bit more flexibility and autonomy to sort of buy and sell what

want all right so say that you wanted to buy a certain cryptocurrency you click

on this swap button right here say you had us dollar in here you can then input

whatever cryptocurrency that you wanted to buy then you can swap your crypto for

any coin that you want and the good thing about metamask is now you hold

private keys so you're not relying on a centralized exchange you have a seed

phrase for this wallet so metamask going to work for something called evm

compatible chains so you can click over here then you can click add on networks

you can see all of the blockchains that you can use to send tokens back and

forth on metamask say you wanted to use something like solana okay this is where

phantom comes into the situation which is similar to metamask that i personally

use because it's compatible with solana tokens okay so for your decentralized

exchanges we have phantom and metamask which are my two favorites for

derivatives trading for short -term trading we have femex imbibe it and then

get money in and out of crypto we have coinbase if you want to talk about the

ultimate security of actually owning your own bitcoin and basically being

proof this is the ultimate way to do it it's something called ledger live and

what this allows you is something called custodial custody you yourself own your

own keys and own all of the own cryptocurrency it's hardly ever online

makes it almost impossible to hack and it comes with its own app so essentially

you can send your cryptocurrency into this account as soon as you unplug the

thumb drive so all of your long term investing things that you plan to hold

indefinitely should be stored safely on your ledger live then you can use things

like coinbase for things that you're temporarily holding or that you want

access to be able to buy and sell let's get into chapter 7 which is the final

chapter and let's talk about actually organizing your cryptocurrency this is

of the most important things to focus on because it's really really easy to get

lost down the rabbit hole you start buying and selling a bunch of things you

start sending money to different places and now all of a sudden you have no idea

where your money even is I'm going to show you a good way to be able to track

exactly how much money you've made or lost, where all your money is, and a way

to look at it simply all in one spot. Okay, so we're actually going to go back

to our good friend CoinMarketCap. And you're going to click this little

hamburger button up here and click on portfolios. All right, so you can hit

create portfolio.

Then you can just sign in with your Google account. And then once you've

your portfolio, you can click into this button right here. Search basically any

coin that you buy. You can type in the quantity, the price that you got per

coin. date, any fees that are associated, as well as notes. So say,

in MetaMask wallet, and you can add your transaction and it will show you how

much money is in your wallet, how much your all -time profit is in one simple

snapshot so that you actually know where you stand with your crypto investing

instead of having it be all sprinkled around into different exchanges.

okay this is especially going to be helpful when taxes roll around because

you'll know exactly how much money that you made you'll have a rough

understanding of how much money you made on each exchange so that when you

populate your tax forms it's a lot easier to pay taxes okay obviously i

offer tax advice but what i will say is a really helpful tool that i found is

called coinly i actually use coinly and coin tracker both simultaneously you can

actually automatically connect say your coinbase or any other exchange even

decentralized exchange wallets and it's going to automatically populate all the

tax forms that you need. So when it comes down to accounting, you can send

forms off to your tax team or into TurboTax or whatever that you use. And

just takes a lot of the headache out of you trying to figure out by hand all the

capital gains that you've made on crypto. This is obviously a simplified

of all the stuff there is to learn, but these are the key things that I think

are valuable to really start understanding how to dive into the

own research, get involved, and be able to start investing into cryptocurrency,

which once again can be a massive emerging market to offer us crazy

wealth generating opportunities.

Like I said before, the link to this sheet is going to be in the description

you can reference it and use this as a home base. I also have tons of other

YouTube videos talking about projects that I like, how to build out a

as well as all of the trading information as well. So this is a good

to then dive further into the channel and continue learning. And I hope it

you on your journey. In 25 years down the line, you're extremely grateful that

you came across this video. Okay, if you're still here, you hit the like

on the video subscribe to the channel if you like trading and investing check us

out on instagram as well i'm dropping some exclusive content there but until

next time guys i will see you all in the next video