7 Steps

1. Set the right expectations

1. Long-term vision (beware of social media!!)

2. You will lose money

3. Your focus must be on progress, not time and money

4. The biggest challenge you will face is yourself

2. Understanding what is cryptocurrencies

3. How we can earn from them

1. What even is bitcoin? Crypto?

What actually even is Bitcoin?

Launched in 2009, created in 2008 by Satoshi Nakamoto

A digital currency: open-source software that transfers a ‘value’ online

The first one that worked! (Peer-to-Peer)

Its system is run by a decentralized computer network that keeps track of all Bitcoin transactions (the blockchain)

• Definition of cryptocurrencies?

• Earn in many ways:

• Trading

• Investing (portfolio)

4. Before I even invest thought…

Am I set up with the correct tools?

• Secure email? (protonmail.com)

• Wallet? (coinbase.com, crypto.com)

• Exchange? 

5. Oh, there are different types of crypto?

1. CoinGecko!

1. Transactional (bitcoin, litecoin) - that gives a value from 1 person to another

2. Functional (Ethereum,NFTs) - has a function

3. Stable (USDC, USDT, DAI, ) - is a coin that is paired 1 to 1 with USD

4. Meme - is a coin that doesn't really have that being used, they have no use

6. How do I know what to invest in/create a portfolio?

1. Use Case - is it resolving a problem

2. Partnerships? - I will look for partnerships

3. Competition? - is there somebody esle who is doing it or doing it better

4. Delistings? - when crypto put in a coinbase (wallet)

7. How do I start learning to trade?

1. Study!! Bootcamp

2. MT4 or another demo account

Now, take action!!!