You can go through our Stocks tutorial page to start with Stocks before going through Crypto.
30%Club has tried to eliminate all the technical jargon & terminologies to provide a simplified learning experience.
You don’t have to be a sophisticated investor to profit from crypto.
This page breaks down crypto and all its complexities, with simple descriptions & visual tutorials.
Video consumption should be self-paced and practised until familiarized.
Crypto is a marathon not a get rich quick sprint. ✨
Investing in BTC is for the long term.
Bitcoin is an accumulation asset, the smartest way is to buy an amount weekly/monthly.
This investing strategy is known as Dollar Cost Averaging.
For trading, We recommend Binance as your crypto trading exchange.
For investing, we suggest Trust wallet.
Bitcoin is such an awesome financial evolution, it is a digital currency which can be sent without a middle man and also a digital asset because its supply is deflationary making it scarce. BTC which is fully decentralized has a fixed supply of 21m.
Other coins created after Bitcoin are called Altcoins[ETH,LTC,BNB], DeFi coins etc.
The safest way to invest & profit from crypto is to accumulate Bitcoin and other solid coins like ETH. While in trading, buying at a lower price and selling it higher. This is known as swing trading (buy low, sell high in few days or weeks). Another way is by speculating on future price movements known as Futures Market Trading.
Risk Management in crypto trading is extremely crucial, timing the markets are hard so traders utilize various methods like Stop-Loss technique, diversifying and collaterized stablecoins. To avoid extended volatility traders use Stablecoins. Crypto is a very volatile asset class and once your emotions are all over the place, you will lose money.
Stablecoins are digital coins pegged to national currencies to eliminate the risk of price uncertainty. There are stablecoins for the US Dollar and a few for other currencies. Traders utilize stablecoins to hold their capital with no risk of volatility. USDT known as Tether is the most popular stablecoin followed by USDC.
Crypto Exchanges serve as market places where participants trade Cryptos just like the NYSE, NASDAQ, JSE, NSE with Stocks. Wallets are like your bank accounts where your digital money is stored, the wallet addresses are like account numbers and a location for receiving digital money.
The performance of Bitcoin is cyclical; it moves based on sentiment and as such, it goes through a cycle composed of a bear market, a consolidation phase, a build phase, and a bull market. Bull runs are when prices generally rise while Bear market is when prices fall for a long period.
Bitcoin further explained.
Crypto further explained.
What is Ethereum.
How to Deposit & Withdraw on Binance exchange
How to buy & sell on Binance exchange
Setting up Two-Factor Authentication on Binance
What is a Market Order
Creating a Stop-Loss Order
Well done, you are so close to being a professional Crypto trader & investor sharing the knowledge with your loved ones. The plan is for us all to acquire the skills to profit from Crypto so it becomes an additional income and also to accumulate BTC & ETH.