CRYPTOCURRENCY TRADING FOR BEGINNERS THE COMPLETE GUIDE TO MAKING MONEY
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DISCLAIMER The writer of this book is no professional financial advisor; therefore please do your own research before you start investing or trading. This is a free eBook. You are free to give it away (in unmodified form) to whomever you wish. No part of this eBook may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author. The information provided within this eBook is for general informational purposes only. While I try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained in this eBook for any purpose. Any use of this information is at your own risk.
Welcome to the world of cryptocurrencies This eBook provides you all the necessary information to start investing and trading in cryptocurrency. Please read till the end to make sure you don t miss any important tips and advice. Since you are reading this you are a newbie, so before I m going to teach you how to acquire cryptocurrencies you must try to understand what they are.
What is a cryptocurrency? A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled. (www.cointelegraph.com ) The first and most famous cryptocurrency of all, Bitcoin, was introduced in early 2009 by an anonymous programmer of group of programmers under an alias Satashi Nakomoto. It s still unknown who is he is. Satoshi described it as a
peer-to-peer electronic cash system , which is completely
decentralized, meaning that there are now servers involved and no central controlling authority.
These days there are over 1500 different
cryptocurrencies. The best place to check their real-time prices is: www.coinmarketcap.com What s more important to know is what you can do with cryptocurrencies. 1. Buy goods. In the past trying to find a merchant that accepts cryptocurrency was extremely difficult. However, these days it has changed a lot. More and more merchants start to accept bitcoin and other crypto. 2. Investing. Many people believe that cryptocurrencies are the hottest investment opportunity of this time. There are indeed many stories of people who turned millionaire with a small initial investment. However one should keep in mind that cryptocurrencies are extremely high-risk investments and that you should always do your own research.
3. Trading. The difference between investing and trading is that it takes a lot more active time and effort to trade cryptocurrencies. You need to spend a lot more time but the results can be seriously amazing, if you do it right. For more trading tips please read this eBook till the end. Now, I could bore you with some more information about different use cases and legality issues but that s not the reason you are reading this eBook. You are here to make money, so we will cut the boring stuff and jump right to it. If, for some reason, you would like to know more boring things about crypto feel free to visit: www.cointelegraph.com
How to acquire cryptocurrencies? Before you are able to invest or trade cryptocurrencies you have to convert your fiat (USD, EUR, ETC) into Bitcoin(BTC), Ethereum(ETH) or Litecoin(LTC). The best way to do that is to visit COINBASE. This exchange gives away bitcoins easily that is why it is user-friendly to first timers. You can now buy bitcoins using your PayPal and other major credit cards. It offers benefits and services such as purchase up to $1,000 worth of BTC per week, instant transfers among users, insured deposits, debit cards, welldocumented API, and wallet services.
CLICK HERE TO OPEN AN ACCOUNT ON COINBASE AND GET $10 OFF See next page
Please make sure the URL looks like below. There are a lot of scams and hacks related to crypto so in order for you to be safe, ALWAYS check your URL.
Once you have checked the URL click on SIGN UP of GET STARTED to open an account.
Once signed up, you have to go to DASHBOARD
Click BUY/SELL and add a Payment Method. Before you are able to buy you have to verify your ID. COINBASE shows you exactly how you do that.
If you have verified your ID and you have bought some BTC, ETH or LTC. Go to ACCOUNTS where you can Check, Send and Receive your funds. (To keep your funds safe I highly recommend you using 2FA)
CLICK HERE TO OPEN AN ACCOUNT ON COINBASE AND GET $10 OFF Check the next page to see how YOU can start trading and investing!
How to start trading and investing in cryptocurrency? Now you have acquired BTC, ETH or LTC, you can start trading and investing in any cryptocurrency you like. As I mentioned before there are over 1500 cryptocurrency. Mostly so called shitcoins . I m not here to tell you which ones are the best. In order for you to know that please do your own research. I m here to help you transferring your funds to an exchange so you can start making money. I highly recommend using BINANCE. This exchange offers a wide variety of crypto and is very user friendly, a perfect exchange for newbies .
CLICK HERE TO OPEN AN ACCOUNT ON BINANCE Again make sure the URL is safe and genuine ( veilig means safe)
Create an account by clicking on the following tabs.
Follow the steps BINANCE tells you to and verify your ID. You are now ready to deposit funds and start trading.
Check the next page to see how YOU deposit
Now login into your account and go to FUNDS
BALANCES.
On the right side of your screen you find these different tabs.
Go to BTC, ETH or LTC (dependent of which coin you bought on Coinbase and press DEPOSIT. The next screen pops up (BTC is taken as example).
See next page
Make sure to copy the Deposit Address and go to COINBASE
See next page
Go to ACCOUNTS and click on SEND in the BTC tab. (you can click on it if you have funds on Coinbase).
In the next screen that pops up you have to paste the EXACT Bitcoin address you copied from BINANCE.
Paste the address, choose the amount and press CONTINUE. You might have to wait between a few minutes and a few hours. Dependent on how many transactions are being made at the time. Check your Binance account every 15 minutes to see if your funds are transferred already.
CLICK HERE TO OPEN AN ACCOUNT ON BINANCE How to buy other crypto? If your funds are transferred you have to hover over EXCHANGE and click BASIC. The next screen should pop up.
1
2
3
1. Here you can see the buy and sell orders of the coin you choose (ETH, in this case). Green is buy order. Which means that the highest price people want to buy is on top of the green column. Red is the sell
order. Which means the lowest price people want to sell is on the bottom of the red column. 2. At this area of the screen you can choose which pair you want to trade. 3. This is the area where you place your order. You could either buy or sell a coin. You can buy/sell for the market price or decide to place an order for another price.
CLICK HERE TO GO TO START TRADING AT BINANCE How to build your portfolio? Now you know how to trade on Binance it s time to start building your portfolio and acquire more and more coins. The Internet is full of ways to earn money with crypto. However the easiest and safest way is to invest in a particular coin by Dollar Cost Averaging (DCA) This means you acquire a particular coin over a longer period of time instead of going all in at one moment. This method makes sure you are covered for potential gains and losses. Let s say for example that you go all in on a coin at $0.10 and the next day the coin goes for $0.08.
This means you lost 20% on your
investment. DCA removes this risk. Let s say you purchased 50% at $0.10 and 50% at $0.08, this would mean you only lose 10% on your investment instead of 20%. If you do this for a longer period of time your losses and gains will average and your position is solid for the long run. Since pretty much no one knows how much a coin is in – or – decreasing it s better to acquire a position for a coin by DCA. Although this method proves to be beneficial in the long run, it might take some time to see gains. Therefore I
suggest you use another way to make money with crypto. This particular method has proven to be capable of generating returns over 5000% within months. This means that a $100 investment turns into $5000 within months. Even better: $1000 turns into $50.000 cold hard cash!
If you are ready to become one of the big boys, click the line below! If you are ready to become financially independent, click the line below! If you want to earn money, click the line below and start making money today!!!
CLICK HERE TO GO TO MAKE MONEY This method teaches you exactly how you can acquire such amazing results. But be fast.
The offer is for a limited time only! CLICK HERE TO GO TO MAKE SOME REAL MONEY RIGHT AWAY!! How to store your funds safely? When you generated all these amazing gains you need place to keep them safe. Keeping your hard earned funds on an exchange is the least safe way
to store your earnings. Exchanges are getting hacked occasionally and therefore storing them on a wallet is the safest way without a doubt. If you just started out with a couple hundred bucks. I suggest you to stick to COINBASE. Once you really start making some serious money, which is extremely possible if you use the method above, I recommend using Ledger Nano S One of the downsides is that it costs a little under $100, therefore it would be a good investment if you start making a few thousand $$$. The difference between an online wallet and a hardware wallet is that a hardware wallet is offline. Which means it is extremely hard to hack. This makes it a great way to store your funds very safely!
CLICK HERE TO GET YOUR SAFE HARDWARE WALLET!
Keep up with the latest crypto news You are going to invest and trade cryptocurrencies, no doubt about it. Now, in order to stay updated on the latest news of particular coins and community s I strongly recommend you to use Telegram, Twitter and Reddit. These media are extremely popular among crypto investors and therefore a definite must-have! If you sign up for the sites I just mentioned, you ll quickly come across different terms, which you probably don t understand. In order for you to
know what they are talking about I added a list of most used words in the crypto-universe.
Thank you for reading and I hope you did learn a lot about cryptocurrencies. This eBook was written with all the love from a crypto enthusiast. It’s for everyone to use totally FREE. If you value my work and would like to donate a little bit of your earnings please feel free to do so. Thank you very much for reading!! BTC: 1JGhzAvBGubSoN9bMH43hmbC6kawXGaCK9 LTC: LecwFx6r11S6iiJiD6sYtwLgqBVCqvvs57 ETH: 0xa7BedA557d135E5a9Ee6828D5bC43501Ad567e0a
List of crypto-terminolgy Address "A code used to store/send/receive bitcoins and other cryptocurrency consisting of 26-35 alphanumeric characters. It is also the public key in the pair of keys used by bitcoin holders to digitally sign transactions." Ex Address: 175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W Phrased: Bob: "Sandy, what's your address so I can send you some bitcoin?" Sandy:
"It's
88
PIne
Street."
Bob: "No Sandy, not your home address, your bitcoin address ya boob! It has to be accurate or your coins will be lost, double check it!" Sandy: "oh, it's 175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W" Altcoin "Any form of digital crypto currency that isn't Bitcoin, an alternative coin." Ex: Ethereum, Steem, Litecoin. Phrased: Bob:
"Hey
Sandy,
buy
any
good
altcoins
today?"
Sandy: "You betcha Bob, bought some litecoin, some dogecoin, and a fuckload of POTcoin." Blockchain "A full list of all the blocks that have been mined since the creation of Bitcoin." Block Reward A reward that is given to a miner after successfully hashing a transaction block.
Phrased: Bob: "I'm making almost 2$ a day mining ethereum on genesismining!" Sandy: "Better upgrade those mining contracts Bob. I'm making 10x that on DASH." Mining Difficulty "This number determines how difficult it is to hash a new block. It is related to the maximum allowed number in a given numerical portion of a transaction block's hash. The lower the number, the more difficult it is to produce a hash value that fits it." DDoS "A distributed denial of service attack uses large numbers of computers under an attacker's control to drain the resource of a central target." Phrased: Sandy: "Bob! I can't get my coins off coinbase and the value is plummeting!" Bob: "That's because some one is DDoS'ing it Sandy, always remember to store your coins in a safe secure wallet." Escrow "The act of holding funds or assets in a third-party account to protect them during an asynchronous transaction." Fiat "Any form of physical paper currency. Regulated and Centralized." Phrased: Bob: Sandy:
"Sandy, "If
I I
hope drove
your a
Fiat,
trading I
your
would
fiat hang
for myself
bitcoin." Bob."
Bob: "touchĂŠ Sandy, touchĂŠ! but I was referring to Fiat Currency not the car."
FOMO "Fear of Missing out" FUD "Fear, Uncertainty, Doubt" Hardfork "An alteration to the block structure of bitcoin that changes the difficulty rules." Ex: See segwit, btc unlimited Hash "A mathematical process that takes a variable amount of data and produces a shorter, fixed-length output." ICO: "An Initial Coin Offering, A way for a new cryptocurrency project to raise money for their project by offering a select amount of coins for sale to the public at base price." Ex. Bancor ICO, Civic ICO, DCORP ICO Phrased: Sandy: "Bob, Why is my BNT token worth less than what I bought it for in ICO?!" Bob: "Sandy, you bought that hype, never buy that hype." Mining "The act of generating new bitcoins by solving cryptographic problems using computing hardware." Pump and Dump
"Inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements." Phrased: Sandy:
"Bob,
Parkbyte
is
going
to
the
moon!
buy
it
now!"
Bob: "Sandy, did you read that on poloniex trollbox?" Proof of work "A system that ties mining capability to computational power." Proof of Stake "An alternative to proof of work, in which your exiting stake in a currency is used to calculate the amount of that currency that you can mine." QR Code A two-dimensional graphical block containing a monochromatic pattern representing a sequence of data. Phrased: Sandy: "Bob, I am afraid to invest in bitcoin, I heard people steal it often" Bob: "just set up a QR code to be scanned by your phone when you login! It's virtually impossible to hack a wallet this way." Shorting Selling a cryptocurrency In hopes of buying it at a lower price at a later time to gain profit. Phrased: Bob: "Sandy, I just shorted bitcoin at 2700$ yesterday, gonna make all kinds of
money
when
it
drops
back
to
2000$"
Sandy: "Bob you fool, have you checked the price today? it shot up to 10,000$ last night, I'm Rich!"
Volatility "The measurement of price movements over time for a traded financial asset." Phrased: Sandy: "Bob, I just bought ethereum for 370$ on GDAX, and now it's worth 10$" Wallet A digital or physical address in which cryptocurrency can be stored/sent/received. Accessible through a private key. Ex: Myetherwallet, trezor, Ledger nano Whale Someone who possesses a Majority percentage of a cryptocurrency. Referred to as a Whale. Ex: The Winklevoss twins
Whitepaper A documentation describing a crypto currencies protocol in detail Ex: Satoshi Nakamoto Bitcoin Whitepaper Phrased: Bob: Sandy:
"Sandy It
did
doesn't
you
see
look
like
the they
whitepaper have
a
for
Bitconnect?"
whitepaper
Bob."
Bob: "Sandy you turd! Bitconnect is a scam. Always make sure to read the whitepaper before you invest in a cryptocurrency."
All definitions are quoted from https://quizlet.com/107781909/bitcoincryptocurrency-related-terminology-flash-cards/