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INTRODUCTION TO CRYPTO

Going through some of these channels, I see a lot of interest in cryptocurrency. If you have come to know
more about crypto, then you are in the right place. This is a beginners introduction into crypto and what you
can expect from the space and market.

1)​ FIRST OF ALL... CRYPTO IS A 24/7 MARKET.


· Unlike the stock market, there is no market close and open for crypto. This gives it an advantage in
which you can make money all the time! The disadvantage is that it is open all the time which makes
you want to monitor it. This is why when I share this with you, I will give you my strategy of investing
(short term and long term)
· Short-term - 3 to 5 months
· Long-term - 1 year or more

2)​ The Crypto Market has slowly decoupled from the legacy market. Slowly. You will have some days where
the legacy markets will tank and so will crypto but right now, everything is reliant on the big daddy of them all
BITCOIN. Whatever bitcoin does, the rest will do. So this is why I have come up with a small spreadsheet for
y'all!

Alts going down + Bitcoin (BTC) doing down = money leaving the market.
Alts going up + Bitcoin (BTC) going up = new money coming into the market.
Alts going up + Bitcoin (BTC) going down = people are selling BTC for alts.
Alts going down + Bitcoin (BTC) going up = people are selling alts for BTC.

Another Cheat Sheet

Bitcoin going up could lead to alts going down. Liquidity is being sucked from the altcoins and going into bitcoin.

Bitcoin going up could lead to the upward movement in price for alts. Money is coming into the market and buying
everything.

Bitcoin going down will most likely take everything down with it. People get into a frenzy and panic sell.

Bitcoin remains constant and ranges will lead a rally for alts. This is called alt season.

** Alts is a shortened word for alternative coins. Alternative coins are anything that is not Bitcoin. Alternative coins
are dependent mostly on Ethereum. If ethereum is bullish (showing strength) so are alt coins. This is still all
dependent on what Bitcoin does still.
3)​ Alt coins are broken into categories

· There are majors (Ethereum, ADA, EOS, XLM and many more)
· There are mid caps
· There are small caps, what are sometimes referred to as shitcoin. These are coins that have the potential to
make you a ton of money but they are very illiquid and not much volume is there to really invest or trade it

The cycle for money flow of crypto is this Bitcoin > Majors > Mid caps > Small caps

It is important to have exposure to many different assets as you want to be diversified as much as possible. This is
because some coins move inverse of each other. The list is too long for me to list here but you can research this on
Coinbase or Coingecko.

4) ​There are so many coins to invest in but you want to find one with fundamentals and a working project with utility. I
will list some of my long term holdings but I use a few different exchanges and have a VPN set up so I can use
international exchanges to buy some coins not available to US residents.

Yes, not all coins are available on US crypto exchanges because of US regulations but there are ways around this, for
beginners, I suggest sticking to US exchanges to get the feel for the market and the industry.

5)​ In the crypto market, things move very fast. This is why I buy and hold for longer durations. You can buy and sell
whenever you want but I want to maximize profits and would rather hit the home run than take a profit of $20. For
some $20 is a lot and if you made that much and want to take it then do it!

"Profit is Profit." No one is going to bash you for selling.


"Less Greed, More Profits" is my motto!

6) ​Similar to the legacy markets, In crypto you can limit buy/sell, market buy/sell. So you can place sell orders or buy
orders while you sleep so you don't always have to monitor.​ BUT ONLY INVEST WHAT YOU CAN AFFORD TO LOSE. THAT
SHOULD BE THE TRADING/INVESTING RULE ​for everything you do.

Depending on what exchange you use (Except for coinbase... piece of shit....) you can place limit orders. In my "Buying
and Selling Cryptocurrency" doc, I have a step by step on getting your Binance.US account set up and how to use the
platform. Again its very brief so before you start investing, take a look at all the features and how to use it

· Binance.us is for US residents ( it is not in every state so you may want to check your state's regulations to see if
you have access. If you do not, I suggest setting up a VPN so you can trade cryptocurrencies.
· Binance (just Binance) is a platform for anyone but US users. I use this by setting up a VPN and placing it in a
European country. This gives me access to buy and sell a plethora of cryptocurrencies and also trade futures (this
is not for beginners so I don't suggest you do this).

If you have any questions on this, feel free to ask questions. I get about 50-100 messages (currently) so if I lag, be patient
please.

7) ​In crypto, as I previously mentioned, things move fast. A coin can be up 100-500% in a day or be down 10-30%. When
trading crypto, it is important to not put you full capital in one coin. I like to DCA (Dollar cost average). Read my
document on why this is beneficial in not just crypto but everything you invest in as it will save you!

Crypto has been on an uptrend for a while, so it is okay and healthy to see retracements of 30-50%. Not everything goes
up in a straight line. Just dont panic when things fall down a lot, this is why DCA'ing comes in handy. But also be aware of
what bitcoin does as this has an effect on the market.
8) ​Bitcoin Dominance (BTC.D) ​VERY IMPORTANT

The Bitcoin Dominance Index is a metric that traders can use to quickly get a sense of Bitcoin's value relative to that of
the broader digital currency market. This index, offered by CoinMarketCap, measures Bitcoin's market capitalisation
(market cap) compared to the overall market for these digital assets.

When BTC.D is bullish, it means Bitcoin is bullish while the rest of the market is having a sell off to buy into bitcoin.
When this happens, you probably wouldn't want to open any day trades as the liquidity is being sucked from the alt
coins. Sometimes majors will run with bitcoin here but best you have only bitcoin exposure until the dominance starts to
go down again. If you understand this and are able to learn all you can about this, it will help you tremendously.

8) As mentioned before, crypto moves fast, if you are day trading please keep the mind open and be able to change
biases fast. I can be bullish one day and immediately bullish that same day. There are so many things happening in the
space and one news can affect the whole market. Yes it can be frustrating to change views but that's how the space
works, you have to adapt.

There are so many things to go over but unfortunately I do not have the time or resources to outline a book, so please
ask questions, bounce off ideas from another, be respectful of others viewpoints and ask questions for clarification on
something. We all are one team to make each other better. This will be a positive space with people that are eager to
learn. All calls made here are calls that I will be taking as well with my own money but nothing is financial advice. Take
them at your own risk and only risk what you can afford to lose. I am not a 100% strike rate trader and if someone tells
you that, you should be suspicious. I am here to help everyone be better educated about the space and provide value.
Please also read my other docs as they will help explain other important topics.

THANKS!

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