Crypto 101- Earning From Crypto: Bitcoin, Altcoins — Investment

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Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 8:41am On Mar 14, 2021
I’ll be break­ing down all the info I’ve gath­ered over time in very sim­ple lan­guage.
You might have heard allot about: Bit­coin, alt­coins, tokens, ledgers, wal­let, wal­let address, dips, exchanges, ATH, block chain, pax­ful, binance. 

My aim is to explain what all this means and how you can empow­er your­self to take advan­tage of this espe­cial­ly now that usu­al chan­nels for trad­ing for Nige­ri­ans have been blocked by FG.

Every resource here is 100% FREE and pure­ly for edu­ca­tion­al pur­pos­es. This is not finan­cial advice as the cryp­to mar­ket is very volatile.

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Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Lau­r­a­ClasikVibe(f): 9:00am On Mar 14, 2021 Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by jamace(m): 9:36am On Mar 14, 2021

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Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Lau­r­a­ClasikVibe(f): 9:42am On Mar 14, 2021

jamace:
You are here already? grin

Yes

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by jamace(m): 9:45am On Mar 14, 2021

2 Likes

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Lau­r­a­ClasikVibe(f): 9:53am On Mar 14, 2021

jamace:
Alright. Let’s wait for our teacher. cheesy

Okay wink

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Jedalord: 4:59pm On Mar 14, 2021

Oga wa I dey greet o

3 Likes

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 7:58pm On Mar 14, 2021

Please I’m not respon­si­ble for any links post­ed here except by myself. Thread care­ful­ly and avoid click­ing sus­pi­cious links espe­cial­ly if you have any val­ue stored on you device.

1 Like

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 8:28pm On Mar 14, 2021
What is cryp­to currency? 

A cur­ren­cy that exists dig­i­tal­ly or online ONLY
That is, it can not be touched or held phys­i­cal­ly like our usu­al currency(Fiat/cash).
exam­ple of a cryp­tocur­recy is Bitcoin(BTC), Ethereum(ETH), Doge­coin (DOGE) etc.

The let­ters in brack­et are their acronyms.
Most dig­i­tal cur­ren­cies have VALUE(Price).
Usu­al­ly this Based on cur­rent sup­ply and demand and good news about the cur­ren­cy.
E.g : Doge­coin which grows in val­ue when Elon musk posts a meme about it or Bit­coin which grows when­ev­er an investor gets In.

These cur­ren­cies are then stored on a ledger called [b] BLOCKCHAIN[/b]Blockchain. How­ev­er When you buy a cryp­to cur­ren­cy from an exchange (pax­ful, binance, krak­en), it is stored in a wal­let which is on the BLOCKCHAIN.

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Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 8:31pm On Mar 14, 2021

This is my wal­let on pax­ful. With the dol­lar worth of Bit­coin in it.

2 Likes

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Elec­tron­ic­Money(m): 10:01am On Mar 15, 2021

souzad­chef:
This is my wal­let on pax­ful. With the dol­lar worth of Bit­coin in it.

Oya con­tin­ue

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Nobody: 3:14am On Mar 16, 2021 Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Lau­r­a­ClasikVibe(f): 7:08am On Mar 16, 2021

081087n:

num­ber please?

I don’t understand

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Nobody: 1:39pm On Mar 16, 2021

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Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Lau­r­a­ClasikVibe(f): 5:51pm On Mar 16, 2021

081087n:

or what­sapp it’s important

Do you have a mail?

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by lavylil­ly: 9:02pm On Mar 16, 2021

souzad­chef:
What is cryp­to currency? 

A cur­ren­cy that exists dig­i­tal­ly or online ONLY
That is, it can not be touched or held phys­i­cal­ly like our usu­al currency(Fiat/cash).
exam­ple of a cryp­tocur­recy is Bitcoin(BTC), Ethereum(ETH), Doge­coin (DOGE) etc.

The let­ters in brack­et are their acronyms.
Most dig­i­tal cur­ren­cies have VALUE(Price).
Usu­al­ly this Based on cur­rent sup­ply and demand and good news about the cur­ren­cy.
E.g : Doge­coin which grows in val­ue when Elon musk posts a meme about it or Bit­coin which grows when­ev­er an investor gets In.

These cur­ren­cies are then stored on a ledger called [b] BLOCKCHAIN[/b]Blockchain. How­ev­er When you buy a cryp­to cur­ren­cy from an exchange (pax­ful, binance, krak­en), it is stored in a wal­let which is on the BLOCKCHAIN.

The best place for this lec­ture is on What­sApp so as to avoid ban

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Jedalord: 1:55am On Mar 17, 2021

lavylil­ly:
The best place for this lec­ture is on What­sApp so as to avoid ban

That’s true o or telegram. Is there a way around it,our teacher?

3 Likes

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Lau­r­a­ClasikVibe(f): 5:48am On Mar 17, 2021

081087n:

or what­sapp it’s important

Kind­ly drop a mail I can reach you on.

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Lau­r­a­ClasikVibe(f): 5:48am On Mar 17, 2021

Jedalord:

That’s true o or telegram. Is there a way around it,our teacher?

Telegram is better

1 Like

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by QuintE­Dove: 1:09pm On Mar 17, 2021

Teacher, please con­tin­ue here. This will ben­e­fit alot of unem­ployed youths out there.

2 Likes

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 7:37am On Mar 18, 2021

souzad­chef:
What is cryp­to currency? 

A cur­ren­cy that exists dig­i­tal­ly or online ONLY
That is, it can not be touched or held phys­i­cal­ly like our usu­al currency(Fiat/cash).
exam­ple of a cryp­tocur­recy is Bitcoin(BTC), Ethereum(ETH), Doge­coin (DOGE) etc.

The let­ters in brack­et are their acronyms.
Most dig­i­tal cur­ren­cies have VALUE(Price).
Usu­al­ly this Based on cur­rent sup­ply and demand and good news about the cur­ren­cy.
E.g : Doge­coin which grows in val­ue when Elon musk posts a meme about it or Bit­coin which grows when­ev­er an investor gets In.

These cur­ren­cies are then stored on a ledger called BLOCKCHAIN.
How­ev­er When you buy a cryp­to cur­ren­cy from an exchange (pax­ful, binance, krak­en), it is stored in a wal­let which is on the BLOCKCHAIN.

Each wal­let has an address ( like your bank Account num­ber). The address is your con­tact for receiv­ing, send­ing and track­ing trans­ac­tions.
The wal­let address is usu­al­ly writ­ten in a long encod­ed for­mat: 3MQJPnj9bQJQEdfwjr51u92nDxpG8s5tbT

To receive say Bit­coin from some­one, they’ll need this wal­let address or it’s barcode

1 Like

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 7:49am On Mar 18, 2021

Now comes the big ques­tion,
How do you earn from Cryp­tocur­recies?
There are mul­ti­ple ways to earn from Cryp­tocur­recies but the basic prin­ci­ple involved is ‘Buy­ing Low and Sell­ing High’
That is buy­ing at a cost price and mak­ing sure you sell at a sell­ing price high­er than you bought in to make a [b]PROFIT.[/b]
PROFIT= SELLING PRICE — COST PRICE
E.G PIC1: Bought at 26787317 and sold at 26979689

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Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 7:52am On Mar 18, 2021

Jedalord:

That’s true o or telegram. Is there a way around it,our teacher?

I have alot on my plate cur­rent­ly and I know how crazy it is man­ag­ing groups plus I want as many peo­ple as pos­si­ble to gain from this info. Thank you

5 Likes 1 Share

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by souzad­chef(m): 9:15am On Mar 18, 2021
Now, that’s the most fun­da­men­tal point in cryp­to trad­ing.

‘Buy­ing Low and Sell­ing High’

I’ll be using Bit­coin as a case study; Bit­coin should be your stan­dard. Bit­coin is the undis­putable leader in the cryp­tocur­ren­cy world. Most trad­ing is based on the per­for­mance of bitcoins. 

For day to day trad­ing, most folks use pax­ful and binance. How­ev­er I use pax­ful because of per­son­al pref­er­ences plus the net­work fees to block chain isn’t too high so I can sell offline to bulk buy­ers. Pax­ful is an online plat­form with inbuilt escrow, wal­let and lots of Nige­ri­ans trad­ing p2p every sec­ond. In my expe­ri­ence, You earn by VENDING, DAY TRADING and LONG TERM HODLING
To under­stand how you can earn with any trad­ing strat­e­gy you choose, whether is long term trading(HODLING) or Short term trad­ing ( Day Trad­ing),
we need to under­stand how the price works.

Bit­coin is said to be[b]Speculative[/b] and Volatile because it’s price changes very[b]fast[/b]and rapid­ly too.
For instance, Bit­coin could be worth $55,500 at 12:00pm today and change to $54,800 at 12:59 same day with­in an hour inter­val.
How­ev­er, this is what makes it pos­si­ble to gain or lose quick­ly based on this price move­ments.
When bit­coin price goes up, it is called a GAIN or a bull­ish run, when it gains back to back.
When bit­coin price goes down, it is called a DIP/LOSS or a bear­ish run, when it los­es back to back.

Usu­al­ly, cur­rent Bit­coin Price is deter­mine by vol­ume being bought or sold and positive/negative news about the bit­coin market.

1 Like

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Nobody: 5:32pm On Mar 18, 2021

2 Likes

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Blesser28(m): 7:38pm On Mar 18, 2021

souzad­chef:
Now, that’s the most fun­da­men­tal point in cryp­to trad­ing.

‘Buy­ing Low and Sell­ing High’

I’ll be using Bit­coin as a case study; Bit­coin should be your stan­dard. Bit­coin is the undis­putable leader in the cryp­tocur­ren­cy world. Most trad­ing is based on the per­for­mance of bitcoins. 

For day to day trad­ing, most folks use pax­ful and binance. How­ev­er I use pax­ful because of per­son­al pref­er­ences plus the net­work fees to block chain isn’t too high so I can sell offline to bulk buy­ers. Pax­ful is an online plat­form with inbuilt escrow, wal­let and lots of Nige­ri­ans trad­ing p2p every sec­ond. In my expe­ri­ence, You earn by VENDING, DAY TRADING and LONG TERM HODLING
To under­stand how you can earn with any trad­ing strat­e­gy you choose, whether is long term trading(HODLING) or Short term trad­ing ( Day Trad­ing),
we need to under­stand how the price works.

Bit­coin is said to be[b]Speculative[/b] and Volatile because it’s price changes very[b]fast[/b]and rapid­ly too.
For instance, Bit­coin could be worth $55,500 at 12:00pm today and change to $54,800 at 12:59 same day with­in an hour inter­val.
How­ev­er, this is what makes it pos­si­ble to gain or lose quick­ly based on this price move­ments.
When bit­coin price goes up, it is called a GAIN or a bull­ish run, when it gains back to back.
When bit­coin price goes down, it is called a DIP/LOSS or a bear­ish run, when it los­es back to back.

Usu­al­ly, cur­rent Bit­coin Price is deter­mine by vol­ume being bought or sold and positive/negative news about the bit­coin market.

is there any way to get bit­coin or eth with­out verification

Re: Cryp­to 101- Earn­ing From Cryp­to: Bit­coin, Alt­coins by Alcatel17: 7:44pm On Mar 18, 2021

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