Recorded on 04-01-2022
Notes on Apr 12, 2022
57:26
Corrine Florence
*leverage trading - we are buying the contract
*exchange - we are buying the asset, building the portfolio
*Build portfolio in a long run
*Market Cap - how much money invested in various cryptocurrencies
3 Different Types of Coins
Transactional Coins - is something like bitcoin, xrp, litecoin (is a fork of bitcoin); that we use it to send between one and another
A functional coin - is essentially something that has more than just it’s purpose being transactional so the biggest one that we have for example is etherum (has a smart contracts that what really makes popular, created this network which they can go and build other coins on top of it’s network)
Stable coins - is paired at a price that is exactly the same as USD something like USDT, USDC, DAI; this coins where not gonna go anywhere, they are not gonna go up in price, they are not here for us to invest in, not gonna actually make a gain or profits from.
Dollar-cost averaging (DCA) calculator for Bitcoin (BTC) backtesting
20 - 30% Profit - for example you have $1,000 and you gained $200, you transfer you $1,000 in a stable coin like USDC, to keep and continue building my portfolio and keeping it and circulating it your $1,000 in a stable coin without withdrawing it in your bank account.
50% PROFIT - using the same examples using your own risk management and your trading plan
75 - 100% PROFIT - using the same examples using your own risk management and your trading plan