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Monetary Mastery Beginners' Masterclass 4
Monetary Mastery Beginners' Masterclass 4
BEGINNERS’ MASTERCLASS
INTRODUCTION
• I would like to Briefly introduce myself as most people
here do not know me
• ✔ 4 Basic things you must know first before you trade crypto.
• This is NOT Negotiable. I know you want to rush off and start
cashing out like your friends, who are making noise every day on
their status about their crypto gains. People who skip the basic
cashout quite alright, but in a short time, they soon lose
everything because they jumped the steps.
• There was no jazz; he skipped the basics and was paying for
signals and placing trades by himself. Well, it came back to bite
him.
• There is something these people won’t tell rookies, because
they only want your money… They would tell you that with
just signals, you’re good to go. How??
• Just like there are terms used in the medical field, agricultural
field, engineering field etc, there are also terms and slangs
used in the crypto space.
• 1. Cryptocurrency
• Programs stored on a blockchain that run when predetermined conditions are met.
A smart contract is like a computer program that can automatically execute an
agreement between two parties. It is a way to make sure that both parties follow
through on their promises without needing a middleman like a lawyer or a bank.
• For example, let's say you want to buy a car from a friend. You both agree on a
price, but you want to make sure your friend actually sends you the toy before you
send them the money. With a smart contract, you could set up the terms of the
agreement in code, such as "When the car is delivered, send the money." Once the
car is delivered, the smart contract automatically sends the money to your friend.
• Smart contracts are often used in blockchain-based applications to create trust and
transparency in a decentralized way. Smart contracts have many potential
applications in areas such as supply chain management, finance, real estate, and
more. They offer a way to automate complex processes, reduce the need for
intermediaries, and increase transparency and accountability in agreements
between parties.
• 7. Address
• Example
• Let’s say the Price of BTC is $60,000 and the total supply of BTC
is 21,000,000, what is the market cap of BTC?
• Solution
• Market cap = Price of BTC x Supply of BTC
• = 60,000 x 21,000,000
• = $1,260,000,000,000
• =$1.26 trillion
• That is the total market cap of BTC is $1.26trillion
• 11) TO THE MOON or MOONING
• Quite simply, 'going to the moon' in cryptocurrency terms
means that the price of a particular coin is rising off the
charts.... This can be used by would-be investors to try
and determine the best time to sell their currency, in
order to get the best possible price for it.
• 13)CENTRALIZED
• The opposite of decentralized, centralized means that there is a central
point.
• 14)DApp
• Pronounced as D-App
• Stands for decentralized application.
• These are applications that are not centralised and work on top of the
blockchain.
• 15)PROOF OF WORK(PoW)
• One of the most common algorithms in cryptocurrency.
• 17)IMMUTABLE
• This is a word that is often used to describe the distributed ledger. It
means that it cannot be changed. Once information or a transaction
is added, you cannot remove it.
• 18) FUNGIBLE (OR FUNGIBILITY)
• This refers to the ability for something to be
interchanged with another. In cryptocurrency, if a coin is
fungible it should have the same value everywhere.
• 19)ALTCOIN
• This cryptocurrency term is short for Alternative coin,
this is any cryptocurrency that is not Bitcoin.
• 22)IEO
• Stands for Initial Exchange Offering. It is a fundraising event for a
cryptocurrency exchange, where users purchase coins that can
be used on an exchange.
• 23)DAO
• Stands for Decentralised Autonomous Organisation’. This is an
organisation, usually made up of developers and shareholders
who vote on how the blockchain should develop.
• 26)AIRDROP
• A marketing campaign that distributes a specific cryptocurrency or token to an
audience.
• 27)ALL-TIME-LOW (ATL)
• The lowest point (in price, in market capitalization) that a cryptocurrency has
been in history.
• (It simply means lowest price ever
• 28) ALL-TIME-HIGH(ATH)
• It simply means highest price ever that a coin has reached.
• 29)BAG
• Crypto slang for a large quantity of a specific crypto coin.
• 30)BOTS
• Automated software that can carry out tasks such as cryptocurrency trades.
• 31) BURN
• Cryptocurrency tokens or coins are
considered “burned” when they have been
purposely and permanently removed from
circulation.
• (Burning a coin leads to scarcity of that coin
and this could increase the price of that coin).
• 32) DUMP Or DIP
• Dump/Dip simply mean the fall in price of a coin.
• Different circumstances could cause the price of any
cryptocurrency to dip.
• Dump means a sudden sell-off of digital assets.
• 34)WHITE PAPER
• A document released by a crypto project that gives investors
technical information about its concept, and a roadmap for how it
plans to grow and succeed.
• When we have bought the dip, we always pray for the market to
turn bullish so that we can take profit
• Hope you understand😊😊😊
• 38)DYOR (do your own research)
• DYOR? Do Your Own Research (DYOR) is regarded as
one of the most important aspects of being a
cryptocurrency investor. ... It is also often used as a
kind of disclaimer by some cryptocurrency figures
when they post about projects or analysis on social
media platforms.
• 40)FA(fundamental analysis)
• Crypto fundamental analysis involves taking a deep dive into
the available information about a financial asset. For
instance, you might look at its use cases, the amount of
people using it, or the team behind the project. Your goal is
to reach a conclusion on whether the asset is overvalued or
undervalued.
• 41)TA(Technical Analysis)
• Technical analysis involves using real-world data
to try to predict the future of the market. It
involves looking at past statistics of the
cryptocurrencies in question, including factors like
volume and movement. Another common
method, the fundamental analysis would be
evaluating the cryptocurrency's inherent value.
• 44)SHITCOIN
• A coin with no obvious potential value or usage.
• 45)GEMS
• Gem is a term for relatively unknown low-cap coins that
have immense potential or are grossly undervalued.
• 46)ESCROW
• A financial instrument where assets or cash are
held by a third party while a buyer and a seller
complete a deal.
• 47)YIELD FARMING
• Yield farming involves earning interest by investing
crypto in decentralized finance markets.
• 48)TRANSACTION (TX)
• The act of exchanging cryptocurrencies on a
blockchain.
• 49)WHALE
• A term used to describe investors who have
uncommonly large amounts of crypto,
especially those with enough funds to
manipulate the market.
• Invest in a mentor who trades and invests.: The worst thing that can happen to a
newbie is trying to gather information about crypto online.
• You would.
• There is plenty of information on the internet that you would get so confused that
your brain would cry for help. Different people with different tactics and formulas.
• You need a mentor who doesn’t just teach, but trades and invests to hold your
hands.
• For example; I have been on this path for a long time, I have made lots of mistakes
and I have learned a lot of market hacks and strategies along the way, things you
can learn only by actually trading and investing
• My students don’t have to make those mistakes I made again, they don’t have to
trade for 3 years to learn those hacks and strategies, because I would pass it on to
them.
• This would push them up the expert ladder in a very short time. They won’t have to
rely on guesswork or trial and error.
• NUMBER 4: The Mentorship