1

DISCLAIMER!!!
The information in the book constitutes the Writer’s own opinions and it
should not be regarded as a description of services provided by CryptoBridge.

The opinions expressed in the book are for general informational purposes
only and are not intended to provide specific advice or recommendations for
any individual or on any specific security or investment product. It is only
intended to provide education about the crypto currency industry.

Nothing in this book constitutes investment advice, performance data or any

recommendation that any security, portfolio of securities, investment
product, transaction or investment strategy is suitable for any specific
person. From reading my book I cannot assess anything about your personal
circumstances, your finances, or your goals and objectives, all of which are
unique to you, so any opinions or information contained on this book are just
that – an opinion or information. You should not use my book to make
financial decisions and I highly recommended you seek professional advice
from someone who is authorised to provide investment advice(book a one-on-
one appointment with any of our experts @CryptoBridge )

Any indices referenced for comparison are unmanaged and cannot be invested
into directly. Investments in crypto currency involve the risk of loss. Past
performance is no guarantee of future results. For mentorship enroll in our
masterclass with over 40% discount fee.

2
CHAPTER ONE
WHAT IS BITCOIN?
Bitcoin is a digital currency created in January 2009 following the housing market crash. It
follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi
Nakamoto. The identity of the person or persons who created the technology is still a
mystery. Bitcoin offers the promise of lower transaction fees than traditional online
payment mechanisms and is operated by a decentralized authority, unlike government-
issued currencies. There are no physical bitcoins, only balances kept on a public ledger that
everyone has transparent access to, that – along with all Bitcoin transactions – is verified
by a massive amount of computing power. Bitcoins are not issued or backed by any banks
or governments, nor are individual bitcoins valuable as a commodity.

HOW DOES BITCOIN WORKS?

Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate
instant payments. The independent individuals and companies who own the governing
computing power and participate in the Bitcoin network, are comprised of nodes or miners.
“MINERS," or the people who process the transactions on the blockchain, are motivated by
rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can
be thought of as the decentralized authority enforcing the credibility of the Bitcoin network.
New bitcoin is being released to the miners at a fixed, but periodically declining rate, such
that the total supply of bitcoins approaches 21 million.

NOTE: BITCOIN IS LIMITED WITH A TOTAL OF 21 MILLION BITCOIN FOR A POPULATION OF OVER 7 BILLION PEOPLE. THE BEST YOU CAN
DO IS TO BUY AS MUCH AS YOU CAN AT EVERY GIVEN OPPORTUNITY.

In this way, Bitcoin (and any cryptocurrency generated through a similar process) operates
differently from fiat currency; in centralized banking systems, currency is released at a rate
matching the growth in goods in an attempt to maintain price stability, while a
decentralized system like Bitcoin sets the release rate ahead of time and according to an
algorithm.

Now you have read what bitcoin is and how it works, I’m sure as a newbie (if you just began
your crypto journey) you would be shocked to notice that I have never mentioned anything
related to “get rich quick”, “refer and earn”.
Before you bought this book one thing is certain, you would have heard crypto marketers
(those into marketing promoting get rich quick scheme using bitcoin) talking about bitcoin
grew from less than 1 cent to $19,800 and they would promise you heaven and earth saying
if you invested $100 you can become a billionaire overnight (laughs), if this is easy, they
shouldn’t be working any longer.
When you hear the word “Bitcoin,” what comes to your mind? Scam, right? Many have
asked this question, and it’s the third most searched term on Google today. Bitcoin’s digital
form and the fact it can't be touched or felt makes it seem not quite real. Some descriptions
of it make it sounds like a Ponzi scheme (put $10 today and get $1000 in the next 24 hours!)
and others pop up as ads on social media (How I turn $100 to $1000 in less than 2 hours!)
This alone scares people off the very idea of Bitcoin.

3
What people have not done, however, is look at the evidence of Bitcoin’s lasting legacy. In
2009 one Bitcoin cost approximately $0.0008. At the time this book is going to press, the
price is $18,4000(price varies, depending on when you are reading this book.

People reaction about Bitcoin:

2010: "It's too confusing."
2015: "It's based on gambling!"
2020: "It's too expensive now!"
2025: "I missed the boat, it’s too late now..."
2030: "I should have bought last 5 years or earlier..."

Don’t be one of these people. Educate yourself now! In 20 years, convincing people that
Bitcoin is a great financial investment will be like convincing someone that the world is
round today; it’ll be common knowledge.
If Bitcoin continues on this astronomical upward trend, it will be worth even more then.
There’s no better time than now to invest in Bitcoin.

4
WHY BITCOIN?
Due to the unique nature of virtual currencies, there are some inherent advantages to
transacting through bitcoin over fiat currencies. Although over a decade old, the digital
currency landscape is constantly changing, with most tokens being untested as a medium
of exchange, and users should be careful to weigh their benefits and risks. That said, bitcoin
is designed to offer users a unique set of advantages over other payment methods.

Why the need for bitcoin in the first place, if there are already so many traditional means
of making payments? A key element of bitcoin is its decentralized status, meaning that it is
not controlled or regulated by any central authority. This immediately distinguishes it from
fiat currencies. Bitcoin payments are processed through a private network of computers
linked through a shared ledger. Each transaction is simultaneously recorded in a
"blockchain" on each computer that updates and informs all accounts. The blockchain
serves as a distributed ledger and obviates the need for any central authority to maintain
such records.

Bitcoins are not issued by a central bank or government system like fiat currencies. Rather,
bitcoins are either "mined" by a computer through a process of solving increasingly complex
mathematical algorithms in order to verify transaction blocks to be added to the
blockchain, or they are purchased with standard national money currencies and placed into
a "bitcoin wallet" that is accessed most commonly through a smartphone or computer.

Benefits of Bitcoin
Now that we have seen a brief overview of what bitcoin is, we can better understand how
this leading cryptocurrency provides potential benefits to its users.
1. User Autonomy
The primary draw of bitcoin for many users, and indeed one of the central tenets of
cryptocurrencies more generally, is autonomy. Digital currencies allow users more
autonomy over their own money than fiat currencies do, at least in theory. Users are able
to control how they spend their money without dealing with an intermediary authority like
a bank or government.
2. Discretion
Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions,
his purchases are never associated with his personal identity, much like cash-only
purchases, and cannot easily be traced back to him. In fact, the anonymous bitcoin address
that is generated for user purchases changes with each transaction. This is not to say that
bitcoin transactions are truly anonymous or entirely untraceable, but they are much less
readily linked to personal identity than some traditional forms of payment.
3. Peer-to-Peer Focus
The bitcoin payment system is purely peer-to-peer, meaning that users are able to send and
receive payments to or from anyone on the network around the world without requiring
approval from any external source or authority.
4. Elimination of Banking Fees
While it is considered standard among cryptocurrency exchanges to charge so-
called “maker” an ”taker” fee, as well as occasional deposit and withdrawal fees, bitcoin
users are not subject to the litany of traditional banking fees associated with fiat currencies.

5
This means no account maintenance or minimum balance fees, no overdraft charges and
no returned deposit fees, among many others.
5. Very Low Transaction Fees for International Payments
Standard wire transfers and foreign purchases typically involve fees and exchange costs.
Since bitcoin transactions have no intermediary institutions or government involvement,
the costs of transacting are kept very low. This can be a major advantage for travelers.
Additionally, any transfer in bitcoins happens very quickly, eliminating the inconvenience
of typical authorization requirements and wait periods.
6. Mobile Payments
Like with many online payment systems, bitcoin users can pay for their coins anywhere they
have Internet access. This means that purchasers never have to travel to a bank or a store
to buy a product. However, unlike online payments made with U.S. bank accounts or credit
cards, personal information is not necessary to complete any transaction.
7. Accessibility
Because users are able to send and receive bitcoins with only a smartphone or computer,
bitcoin is theoretically available to populations of users without access to traditional
banking systems, credit cards and other methods of payment.

NOTE: did you see me talk about “getting rich quick” as a benefit of bitcoin? HELL NO
Crypto trading is NOT a “get rich quick scheme” but “a surely get rich ladder, if you can follow my rule of +1 is better than -1”

Have you learnt something new? If yes, follow me to chapter two and let’s buy your first
bitcoin!!!

6
CHAPTER TWO
WHERE TO GET BITCOIN
The crypto market is such a big one, it provides numerous alternatives on where and how
you can buy your asset(crypto).
Just like the regular banking system, you need to register an account before you can excuse
transactions or save money with your regular banks. There are various options to choose
from depending on your own taste.
In other to register an account, you need just two things.
-valid email
-desired password
Simple right? yea and that is one of the reasons crypto currency was created(convenience).
Below are some of the places/platform from which you can choose from
1. BLOCKCHAIN
2. BINANCE
3. COINBASE
4. TRUSTWALLET
5. Mycelium wallet
All the above is available on your android playstore as well as your iPhone Appstore.
Now let’s go a little dipper into how to stay safe (in this market, you are totally responsible
for all that happens to you i.e., you are your own bank).
For me I will recommend two out of all the options above. This is just my own taste when
it comes to safety.
-BLOCKCHAIN: this is one of the safest out there, if your intention is just to buy coin and
keep on long-term holding without the regular day trading, blockchain is the best for you.
Download the app, register with your email and password. A message/link will be sent into
your email click on the link and verify now- this is just to show that you are the one who
actually registered.
Now to buy your first bitcoin, you can buy directly from the blockchain platform using your
debit card (note this is not supported by all countries, so check if your country is supported).
Alternatively, you can buy by P2P i.e., peer to peer
Now that you have an account, click on request/receive at the base of your phone and select
which coin you wish to buy. Copy the wallet address (this is a series of numbers and
alphabets mixed together) then send it to whom you are buying from.
“Wallet address serves the same purpose just like your regular bank account number”

The sender will then send the equivalent amount you desired to buy into your wallet
address.
Usually, the coin will come in within minutes with a very small amount as charges which is
the miner’s fee. This is how you buy your first coin.

-BINANCE: this is another place where you can store or trade your coin. For those who
would rather do the day-to-day trading, I will suggest you choose binance.

7
HOW TO GET BITCOIN
Many people are keen to find out how they can make money with Bitcoin, but the terms
and the process can seem confusing to those unfamiliar with it.
Direct methods of earning with Bitcoin include buying the cryptocurrency to hold and
appreciate or trading it. Alternatively, you can earn bitcoin through bitcoin mining.
Below are means through which you can earn bitcoin;

- Bitcoin mining: Bitcoin mining refers to the process of digitally adding transaction records
to a blockchain, which is a publicly distributed ledger holding the history of every bitcoin
transaction. Mining is a record-keeping process executed through immense computing
power, Technically, you can mine Bitcoins by yourself using computer software such as
DiabloMiner, BTCMiner, BFGMiner, CGMiner etc. but it’s not the most efficient use of your
time. The energy required to effectively mine Bitcoins is extremely high. It’s comparable to
gold being mined from the ground; Bitcoins need to be mined from digital blocks. Each block
contains a set number of Bitcoins which is currently 6.25 after the last Halving. The block
reward is how much Bitcoin is rewarded for each block that is solved and added to the
blockchain. The block reward is designed to “halve” for every 2,220 blocks mined. It is called
the “halving” process and happens every four years. It means that from May 2020, for every
block a miner solves, they will receive 6.25 Bitcoins. The halving will continue until the last
block and coin are mined. With each block of Bitcoin being mined in 10 minutes, the last
coin is predicted to be mined in 2140.
When we talk about Block, this is referred to as a record of all or some of the most recent
transactions in a certain cryptocurrency. While Halving is the process of intermittently
decreasing the block reward given to cryptocurrency miners by 50%. You will see all these
cryptocurrency terms on the glossary page.
- Investing in Bitcoin: This is the simplest way to work with Bitcoin. It involves buying and
HODLing (Holding) Bitcoin when the price is low, and waiting for a period of time (usually
years) before selling off. This doesn't require much stress, panic, or skill. It's like buying land
and waiting for it to appreciate before selling at a tidy profit.
- Trading Bitcoin: Since Bitcoin's inception in late 2009, trading has been the primary
method people use to make money. You can trade Bitcoin much like you trade stocks, but
as Bitcoin is not a stock, the name of the trading game is simple: buy low, sell high.
- Bitcoin lending: In principle, bitcoin loans work just like any other loans. A lender loans
their bitcoin to a borrower. The borrower then repays the loan with interest. Bitcoin loans
can be transacted as private loans directly between any two parties with bitcoin wallets.
However, it can be difficult for individuals to connect with other individuals whom they can
trust and who are willing to lend or borrow from them in bitcoin.
- Accept Payment in Bitcoin: If you own a business and want to start accepting Bitcoin as a
method of payment, you can. It doesn't matter if your business is based online or as a
traditional brick-and-mortar setup; you can accept Bitcoin no matter what industry you are
in.
However, you're more likely to experience a positive response if your business falls into one
of the following categories:
Online shopping, International trading (especially in countries with unstable currency rate)
Gambling,Charity work, Music and other creative work. The best place to spend your crypto
currency is www.spendyourctypto.ng (an online store that accepts bitcoin for any item)

8
CHAPTER THREE
IMPORTANT WARNING FOR TRADERS
Before you start your crypto trading, it would be nice to point out that the crypto market is
a very volatile one and proper risk management with diligent work is required.
The trading game is a volatile and unpredictable one, and it consumes time, brainpower,
and resources. Trading with someone else’s money does nothing for your stability or peace
of mind. Some individuals trade for others as a way to make income, and when people know
you have this expertise, they may approach you to trade for them. Never collect money
from anyone to trade for them, promising them a big return after a stipulated period of
time. I’ve been offered huge amounts of money consecutive times by some people just to
trade for them. It’s tempting, especially when you see how lucrative trading can be, but
don’t do it. Concentrate on your own portfolio, and monetize your knowledge by teaching
others how to trade for themselves- the same way I’m teaching you!
For every business you wish to venture in, you should consider the benefit and risk
attached, as well as the potentials for profit and loss. Crypto isn’t for everybody no matter
how convincing the testimonies are; there are losses attached to the wins, and you must
come into the digital trading space with an attitude to learn. Trading is an art form that
takes time, patience, and adaptability to perfect. Markets change, and flexibility is needed
to ensure your trading style changes with them.
The fastest way to riches in trading is to start slow and small. I learned this the hard way
when I started with YouTube videos. I lost trade after trade due to the fact I just wanted to
do this on my own without paying anyone, and I watched my portfolio drain right before
my eyes. My situation changed when I decided I need to LEARN before I EARN . This is why
I always preach that you should always LEARN first before you remove the L (which stands
for LOSS) and then EARN!!!

In my years as a trader, I’ve found the following essential for success.

~ Trading Plan
~ Paper Trading setups (5-10 trades daily)
~ Risk management
~ Journaling
~ Trade tracking
~ Continued self-development
~ PMA (Positive Mental Attitude)
~ Taking days off

Starting small might seem difficult given what Bitcoin is worth right now. The good news is
that you don’t have to wait for large seed capital: you can start with an amount as low as
$100 (which is about #49,000) at the time this book went to print. I’ve heard and read so
many testimonies and still receiving more about how investors had no idea what
cryptocurrency was all about. They started with small amounts and now are trading and
making massive profit. Again, research the methods and the market with diligence. Trading
with little or low understanding leads to inevitable loss.
To have a genuine understanding of cryptocurrency, one most carefully choose the mode
of tutorial. LEARN before you EARN. It takes more than a few free PDFs and YouTube videos

9
to master the art of trading cryptocurrency. Go for proper training. A cryptocurrency trading
masterclass course like mine isn’t too much to invest in when your money is at stake.
Trading according to the market trends is a complex process. Gather all your sources,
acquire the knowledge, and make the analysis that would help your crypto and Bitcoin
trading efforts. Traders do need to connect technical and crypto fundamental analysis, as
they would confirm finding the both makes up a profitable trade.

Before you decide to trade crypto currency, it would also be nice to know the types of
traders we have and how to connect the kind of person you are to this market.
Below are the types of traders we have:

- THE DAY TRADER: Day trading involves buying and selling assets within a 24-hour period.

- SCALP TRADERS: This set of traders work on even shorter time constraints: they buy and
sell off within minutes to few hours.

- THE SWING/SHORT TRADERS: This method follows the same principle as day trading, “buy
low, sell high.” This may involve holding your position between 2-6 days or 2-4 weeks+, at
the most.

- THE LONG HODLERS: A long-term strategy involving buying a cryptocurrency and holding
onto it, waiting for its price to rise over weeks, months, or years.

- THE ICO’s: Buying into 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” (ICO), can be a valid way to make mouth-watering return of investments (ROIs),
some as high as 100% or more. Here you’re buying the tokens of a brand spanking new coin
before it is launched, so obviously you are getting a discounted rate.

Studying yourself and being sincere with yourself on the kind of person you are will go a
long way in determining the type of trader you should be.

10
CHAPTER FOUR
FUNDAMENTAL ANALYSIS
What Is Fundamental Analysis?
Fundamental analysis (FA) is a method of measuring a security’s intrinsic value by
examining related economic and financial factors. Fundamental analysts study anything
that can affect the security's value, from macroeconomic factors such as the state of the
economy and industry conditions to microeconomic factors like the effectiveness of the
company's management.
The end goal is to arrive at a number that an investor can compare with a security's current
price in order to see whether the security is undervalued or overvalued.
This method of stock analysis is considered to be in contrast to technical analysis, which
forecasts the direction of prices through an analysis of historical market data such as price
and volume.

SOURCES OF INFORMATION

Fundamental analysis (FA) is another technique trading strategy that emphasizes trading
based on the intrinsic value of the asset (If the market price is below that value it may be a
good buy, and if above a good sale). Traders consider a wide range of quantitative and
qualitative data in an attempt to determine this intrinsic value. Especially in these early
days of crypto, a lot of fundamental analysis amounts to trying to determine which
cryptocurrencies have compelling long-term value propositions rather than being mere get-
rich-quick schemes which can be derived from economic and financial news Incorporating
fundamentals reports and any technical strategy could be very rewarding because when
there is a fundamental back up in trading, it serves as a catalyst and gives more confidence.
The combination of both trading sub-systems makes a complete unified system. A technical
trader without having fundamental knowledge of the market is an incomplete trader.

As mentioned before, finding the right sources is crucially important. Without correct
information, crypto fundamental analysis would give all the wrong answers. Wrong
conclusions often if not always lead towards losses, especially when trading crypto. The first
line of information that can be interesting is news articles and feeds. There are several
platforms that offer the service, recording market trends and reasons behind them. Obvious
choices in this aspect are crypto-related platforms, but we will be focusing on Twitter and
Blockfolio. These provide news regarding development in the market in terms of
fundamental analysis, hard & soft forks, crypto trading regulations, and large company’s
involvement.

WHERE TO TRADE CRYPTOCURRENCY

A cryptocurrency exchange platform is a page that allows customers to trade digital

currency against another digital currency or fiat currency which can attract a minimum fee
depending on what platform you choose.
There are things you should consider before choosing an exchange platform

-Privacy (how much personal data does it require to signup)

11
-Fee (what are their fee to exchange your fiat currency into digital either by credit or debit
card or trading)

-Interface (are the interface simple to handle or complicated that it requires enough skill to
master it)
-Speed (one annoying thing about an application is when trying to execute a transaction, it
gets stuck to a particular page)
- Reputation and Review (How long as the exchange being in existence), Security (No one
want to put his//her money in an exchange that have no security or back up when hacker
intend to steal from the platform)

Recommended Trading Platform

- Coinbase: This is the world's largest Bitcoin (BTC) broker. They represent an easy and fast
way for new users to purchase bitcoins, Ethereum, Litecoin and many other coins with a
user-friendly interface and a free sign up. Today, more than 35 million people in over 100
countries trust Coinbase to buy, sell, store, use and earn cryptocurrency, one of the best
user-friendly interfaces ever, you can visit them at www.coinbase.com

- Bittrex: This is a United States based exchange with headquarters in Seattle. Founded in
2014, is one of the largest and most trusted cryptocurrency exchanges in the world,
boasting a clean record in terms of hacks and a simple to navigate user interface (UI) with
a withdrawal fee of 0.2% for both maker and taker orders. However, it does not support
leverage and might be complicated for new user, you can check it out on
http://www.global.bittrex.com

- Binance: This is the most user-friendly interface exchange platform I can recommend for
new users which requires just email when signing up, recently it became the largest
cryptocurrency exchange in the world based on total trading volume used by all countries
with a low fee of 0.1% on all trades which are some of the lowest in the world.
www.binance.com

- Bitfinex: This is a popular exchange in terms of USD trading volume it has the most
liquidity. It currently owns about a 10% share of the USD trading market but not suitable
for beginners or those unfamiliar with trading platforms due to the UI, It offers very low
fees even for low volume buyers, at 0.1% per buy for market makers (when you place an
order, either buy/sell and it does not trade immediately, so your order stays in the order
book and waits for someone else to fill/match with it later) and 0.2% per buy for market
takers (is someone who decides to place an order that is instantly matched with an existing
order on the order book) www.bitfinex.com

- Bitstamp: This is often referred to as a “Big Four” bitcoin exchange. It has the distinction
of being the first fully licensed bitcoin exchange in the world. Today, it commands high
liquidity and a truly global client base. In 2017, Bitstamp celebrated its sixth anniversary
which enables crypto-to-crypto and crypto-to-fiat currency transactions with transaction
fee of 0.0% - 0.5% but may not be suitable/friendly for new user due to the UI and also
comes with high deposit fees on small amounts of money. www.bitstamp.net

12
 - KuCoin: It’s a Hong Kong-based cryptocurrency exchange distinguished by its rewards
currency, KuCoin Shares (KCS), Its defining features are an exceptionally wide range of
cryptocurrencies plus a rewarding user-loyalty scheme based on its own native
cryptocurrency with UI friendly and 0.1% fee for every trade but you should carefully
consider the features of KuCoin before deciding whether it suits your needs.
www.kucoin.com
- Luno: This is a digital company based in London established in 2013 originally as BitX and
rebranded to "Luno" in 2016, Luno has offices around the world (London, Singapore,
Malaysia, Indonesia and Nigeria). Luno targets mainly users in developing countries. Apart
from being a trading platform, it offers other products such as a brokerage service, wallet
solutions and an API for developers with an easy and intuitive interface but a confusing fee
structure 0f 0.2% and above. www.luno.com

Crypto exchanges are notorious for faking trading volume (the total amount of transaction
traded between buys and sellers at a given period of time mostly 24 hours using USD or any
cryptocurrency) to attract more users and also charge higher listing fees (transaction fee),
so be careful out there, I recommend Binance because that’s what I use.

Even with proper fundamental analysis your trade won’t go well without a proper mindset
and emotional control.

Follow me while we talk about EMOTION. One of the most important aspect of trading.

13
EMOTIONS
There’s nothing wrong with emotion in life but as for traders, you shouldn’t let it get the
best of you as it will make you take bad decision and at the end liquidating your portfolio
(capital), during trading you should expect fear and greed which need to be acknowledged
before entering into a coin, the emotional fear to buy a coin and emotional greed to sell a
coin holding it much longer surpassing your initial sell price just because it’s pumping in
your face forgetting to use stop loss/limit (SL). To handle your emotion, you need to
eradicate every conviction of fear, you should come into the trading space feeling like a
robot with a proper mindset and plans, knowing your exit and SL is more important than
your entry price.

Basically, emotion will always appear in all aspects of your trading, that is to say from the
start to the end while executing your trade.
The first emotion you should watch out for is FEAR. In this case, a trader is scared of missing
out in a trade. Usually after technically checking what price he should go into a trade the
emotion will try to come in due to the market volatility.
This type of emotion is regarded as FOMO (FEAR OF MISSING OUT)

Another phase to watch out for is when you are already in trade and you need to sell. Greed
will then set in due to the human nature of always wanting more, if a trader is not able to
discipline himself, he would find it difficult to take proper profit and leave the market at
the right time.

THE ONLY WAY TO CONQUER EMOTION IS A VERY SIMPLE YET DIFFICULT PROCESS TO FOLLOW IF YOU ARE
NOT DISCIPLINED.

In other to overcome emotion all you need to do is “PLAN YOUR TRADE AND TRADE YOUR
PLAN”
What does this mean? This simply mean have a predefined goal/plan before going into any
trade and make sure you follow the plan strictly while you are in the trade. By simply doing
this you will be able to overcome fear as well as greed.

14
CHAPTER FIVE
EXECUTING YOUR FIRST TRADE

I know you are very eager to carry out your first trade, relax and follow me while I show
you step by step on how to buy and sell on binance.
Buying and selling coins are far more than just acquiring cryptocurrency; it involves risk
management on a fundamental and technical analysis. It is talked about by traders but
teachers and mentors often neglect to give their students a complete education when it
comes to this skill. Like I said, Binance has a friendly UI for new users and already trader
which is why I use it to trade because it comes with a lot of coin pairs (different altcoin to
either btc, eth, usdt or bnb), I’ll be using a desktop view for the registration as an example
for this section. First, register on the Binance Exchange using this link:
https://accounts.binance.com/

You can either use email or mobile for registration, after filling the form, click on “create
account”, you will be sent a 6-digit code to your email or mobile number whichever way
you sign up with, the code will be valid for 30 minutes only.

15
Input the complete code correctly one after the other, it automatically takes you to the next
page as a new user

It gives you a deposit page, this should be carefully taken to consideration as

any mistake will warrant a loss of your money which you have no one to hold
responsible, I’ll be going with “Deposit Crypto” (deposit with bitcoin), Click on
Deposit Crypto.

16
When making a deposit to your account using bitcoin, pay attention to the circled area, the
blue circle must be on “BTC” Bitcoin, the red circle is your bitcoin wallet address (a short
form of Cryptocurrency addresses consisting of 26-35 in form of alphanumeric characters
e.g. “the red circle” used to send or receive cryptocurrency)
Click on the black circle to copy, do not type your wallet you might make mistake which will
make you lose your fund, when you copy the wallet address, send it to whosoever that want
to send you bitcoin, coin will be deposited and available on your profile after confirmation
as been approved from the sender.
We are ready to execute a trade, on this section I’ll be using the mobile application view for
better understanding, We will be using SYS/BTC as an example which is Syscoin (SYS), is an
Altcoin (alternative coin) to Bitcoin (BTC)

17
I’ll be buying SYS/BTC at 0.00000810

18
Your buy order will appear on your order open book below the chart. When the market
price gets to your buy price, it automatically gets 100% filled and disappears from there,
ready to sell.

19
SELLING YOUR TRADE
One of the biggest frustrations in trading cryptocurrency is in this key factor: Altcoins are
easy to buy but hard to sell. There is no way you can sell what you didn’t buy/own, and the
reason you face difficulty in selling is because your buy price isn’t filled yet. If your asset
hasn’t reached your buy price, there is no way your sale will work.

As I said previously, when you place a buy price, be patient enough for the current market
price to fall on or below your buy price. Check your Open Orders.

If your buy price is still there, that means your coin isn’t bought yet, so be patient till when
fully filled. If your buy price isn’t on the open orders again without cancellation, it means
the current market price is on or below your buy price making your coin fully filled, now
immediacy set your sell price
For example, I’ll be selling SYS/BTC at 0.00000891 which is 10% of my initial buy price.

20
STOP LOSS
When most of the traders are busy deciding the entry and exit price of crypto, there’s one
point that they most easily overlook: the stop-loss, which is also known as stop-limit. In this
section, I will define the stop-loss, and explain the aspects in detail.
Stop-loss can be defined as an order to sell a coin when it reaches a particular price point
below the current market price. It is used to limit loss or gain in a trade. The concept can be
used for short-term as well as long-term trading.

When I say limit loss or gain in a trade, it simply means setting your price below your buy
price to avoid further losses or above your buy price to avoid giving back your profit to the
market in your absence.
In plain English, stop loss is simply an automotive method to limit further loss below your
buy price or above it. It is commonly used when you are too busy to monitor a trade, or are
getting distracted from it.

Traders or investors may choose to use a stop-loss order to protect their profits or cut short
their losses. It removes the risk of an order not getting executed should the trade continue
to fall since it becomes a market order. A stop-limit order triggers once the price falls below
the stop price; however, the order may not be executed due to the value of the limit portion
of the order.

HOW TO SET A STOP LOSS ON BINANCE

When you click on stop limit, there is always 2 spaces available to input 2 different prices,
the stop price is simply the price that triggers the limit order, and the limit price is the price
of the limit order that is triggered. This means that once your stop price has been reached,
your limit order will be immediately placed on the order book.

For an example, my trade SYS/BTC got filled (bought) at 0.00000810 and I want to set my
stop limit at 5% loss which is 0.00000769, all I just have to do is click on sell:

21
It’s always advisable and safer for you to set the stop price (trigger price) a bit higher than
the limit price for sell orders, or a bit lower than the limit price for buy orders. This increases
the chances of your limit order getting filled after the stop price is reached.

22
You have successfully set a stop loss on SYS/BTC, when the market tends to fall drastically
without your notice. In this case, your stop limit is triggered and sells off at a 5% loss,
avoiding further risk.
OCO (order cancel order) is also another indicator to use in setting stop limits and sell prices
at the same time on a single trade but for now, we are focused only on stop limits.

23
HOW TO SET AN ALERT ON BINANCE
This is a useful technique real trader use in monitoring price trade in buying, selling and
setting stop loss no matter the coin pair. In this section, I’ll be taking you through on how
to set an alert on a coin. For example, I want to let Binance notify me when SYS/BTC hit
0.00000810

24
Whenever the current market price of SYS/BTC hits 0.00000810, an alert will automatically
be sent to your mobile phone notification home screen letting you know the current price
action, and it’s potential to fall.

25
CHAPTER SIX
SOURCING FOR INFORMATION
There are thousands of online currencies in the market, according to the Coinmarketcap
website. The popularly known among them is Bitcoin. It is essential to have knowledge
about blockfolio in order to be successful in buying and selling cryptocurrency.

BLOCKFOLIO
Blockfolio is a mobile app that tracks down your stock or cryptocurrency. It provides
information on a particular coin listed on your notification tab, and also has an option to
read news on general cryptocurrency.
There are a few Blockfolio alternatives available. Some of the bigger names in this regard
are Delta, CoinTracking, Crypto Compare, and Hodler. All of them are fine options for
monitoring your crypto portfolio. Some of them, however, require buying pro versions to
unlock all their features. Blockfolio is completely free to download and use with all its
features, balanced with a nice UI and ease of use.
Both its iOS and Android versions are very well rated by users because it’s easier to operate
getting all your info in just one place at a go, it’s important for all trader to have this
application as it enhances your knowledge and gives you an upper hand to other traders in
giving you info at first hand.

26
HOW TO USE BLOCKFOLIO
After installation: Click "+" which is the coin you wish to monitor on the app.

We will be using Matic for example here:

27
28
29
Since we are using Binance exchange as our example, we will also be applying the same
here as well, Global Average means universal price on all exchanges.

30
Since we are using MATIC/BTC on Binance exchange:

31
You can program Blockfolio to give you an alert when your tokens’ price goes above or
below limits you set. For example, you could program Blockfolio to notify you when the
price of Matic rises over 0.00000185, or falls below.
To set an alert on blockfolio that will give you an automatic price change and news on your
mobile phone notification home screen, do the following:

32
Alerts on blockfolio are an important key to take note on. It gives you the current price
statistic and you can also input the price you want to be notified on. In my experience, it
has helped me stay on top of my game, knowing when to buy and sell, as well as monitoring
trends.

33
“Signal” displays information about the tokens you follow, provided by the coin creators
themselves.

34
Thus, Blockfolio can provide a lot of valuable information for traders. By tapping on either
News or Signal, you can see market information and get updates from two types of sources.
The “News” button displays information from several websites specializing in crypto
trading; you can even customize which sources you prefer. The “Market” shows over 10,000
coins’ market rank, price, volume and capital.

35
LET'S TALK ABOUT TWITTER
Twitter is not a financial advice application as it's used for vast purposes, and is full of we
different people with different beliefs, schools of thought, and analysis based on how they
see the market. They work off of different charts, but this variation in through is useful
when researching the market.
Let say I’m interested in buying ERD/BTC on Binance Exchange (which has done about
2,284% within 90 days as at writing this article.) To find out more about it on Twitter:
- Click on search, type the word $ERD, it gives you “top post” showing you multiple people
talking about ERD/BTC and their different set up chart showing price actions, support and
resistance etc. on different date posted.
- To get the recent post, click on “latest”, recent post will be visible, read through.

36
Getting the fundamental analysis which works with news of that particular coin, you will
have to get the coin’s official page, which starts from "@" (e.g. for ERD - @ElrondNetwork,
MATIC - @maticnetwork, BAND - @BandProtocol etc.) Click on follow and the bell icon to
get notifications of any official news.

The same goes for crypto trading exchange platforms like @coinbase, @binance,
@lunomoney, @kucoincom etc. It's been a tradition for any coin listed on Coinbase will
pump on any other exchange platform, so what do I do to get the news first hand? I repeat
same procedure by searching for Coinbase this time without the “$” sign, click their verify
page, follow and click on the bell icon as well.

37
Some cryptocurrency trader's pages are also good way to be at the top notch of your signals.
However, this doesn’t mean you should copy their setups, as many of crypto twitter traders
never post their losses, making other traders feel depressed when their trades go wrong.

ThESE are few handles you should follow on twitter: @SatoshiGainz @WhaleTrades
@whale_alert @izzeJESUS @SatoshiFlipper @CryptoKnight60 @hormore1 @TradySlim
@cz_binance @Binance @LomahCrypto @nyce_ayuk @CryptoKaleo @crypto_noble
@Bitcoin @AltcoinSherpa @YellowBlock_io @TeddyCleps @crypto_birb @thecryptomonk

38
I’ve recently seen all these “YouTube and Instagram traders” that show off their
Lamborghini’s, nice watches and penthouse views overlooking the beach, living luxurious
lifestyles preaching about trading (stock, forex or cryptocurrency) and how they started
with $100 and are now living a flashy lifestyle.
These guys aren’t traders: they are crypto marketers that are feeding their lifestyle off
people who believe trading is a way to get rich quick. At the beginning, they constantly send
you messages convincing you to get into it, when you finally pay for their tutor, they leave
you hanging or send you pdf files or general YouTube links.
If you want to lose all your money within a month, then these are the guys to follow. The
people that are actually making money trading are the ones that are locked away in a room
for 15+ hours a day grinding away at work/home and trying their best to figure out the next
trade to go into, setting up charts publicly. It blows my mind that attitude and mindset
barely is talked about with new traders. Cryptocurrency is taking money from the impatient
to the patient ones... Let the market play

KEY TAKE AWAYS

1. Avoid FOMO (Fear of missing out): The problem with people is that when they tell them
buy this coin, they doubt you, but when that same coin is going in profit, they ask “sir can I
still buy it?” That FOMO is due to emotions.

2. Emotions: I hear this almost all the time: “If I buy a coin, it goes down and if I sell the coin,
it goes up, please help!” At that moment you should know your emotion is getting the best
of you which ought to be eradicated.

3. Market Trend: When you think you’ve mastered trading; the market humbles you.

4. Actions: Take actions that turns your opportunities into success.

5. Be patient.

There was a time when this happened:

Taxis: "Uber won't work."
Hotels: "Airbnb won't work."
Retail Stores: "Amazon won't work."
Banks: "Bitcoin won't work."
A lot of you are going to make life-changing money in the next few years.
When it happens:
- Withdraw some
- Invest in different streams of income –
Invest in your health
- Take your loved ones out
- Pay off debts
- Go on vacation

39
Do whatever. Just don't be financially hard-stuck in crypto forever! It’s entirely up to you if
you want to succeed or not; you and only you are responsible for your successes and
failures. No one is perfect! Get rid of the pressure to be good at everything. Just be present!

The difference between winning and losing is PATIENCE. If you don’t have this, then you are
wasting your time and money being a trader, kill your fear and greed emotions before
attempting to trade. Emotions are trader’s enemy. When you’re in a trade, you need to be
a robot, set a plan knowing your entry price, stop loss and profit are more important than
your fear and greed.

Always remember my own rule of trading: “+1 is better than -1 and 0”. Take out your profit
and do not overtrade so as not to give it back to the market.

40
CHAPTER SEVEN
INTRODUCTION TO TECHNICAL ANALYSIS

Many investors analyze stocks based on their fundamentals– such as their revenue,
valuation or industry trends – but fundamental factors aren't always reflected in the market
price. Technical analysis seeks to predict price movements by examining historical data,
mainly price and volume.

Technical analysis helps guide traders to what is most likely to happen given past
information. Most investors use both technical and fundamental analysis to make
decisions.

KEY TAKEAWAYS
• Technical analysis, or using charts to identify trading signals and price patterns, may
seem overwhelming or esoteric at first.
• Beginners should first understand why technical analysis works as a window into
market psychology to identify opportunities to profit.
• Focus on a particular trading approach and develop a disciplined strategy that you
can follow without letting emotions or second-guessing get in the way.
• Find a broker that can help you execute your plan affordably while also providing a
trading platform with the right suite of tools you'll need.

Choose the Right Approach

There are generally two different ways to approach technical analysis: the top-down
approach and the bottom-up approaches. Often times, short-term traders will take a top-
down approach and long-term investors will take a bottom-up approach. Then, there are
five core steps to getting started with technical analysis.

1. Pick a Strategy or Develop a Trading System

The first step is to identify a strategy or develop a trading system. For example, a novice
trader may decide to follow a moving average crossover strategy, where he or she will track
two moving averages (50-day and 200-day) on a particular stock price movement.
For this strategy, if the short-term 50-day moving average goes above the long-term 200-
day moving average, it indicates an upward price trend and generates a buy signal. The
opposite is true for a sell signal.

41
2. Identify Securities
Not all stocks or securities will fit with the above strategy, which is ideal for
highly liquid and volatile stocks instead of illiquid or stable stocks. Different stocks or
contracts may also require different parameter choices – in this case, different moving
averages like a 15-day and 50-day moving average.
3. Find the Right Brokerage
Get the right trading account that supports the selected type of security (e.g., common
stock, penny stock, futures, options, etc.). It should offer the required functionality for
tracking and monitoring the selected technical indicators while keeping costs low to avoid
eating into profits. For the above strategy, a basic account with moving averages
on candlestick charts would work.
4. Track and Monitor Trades
Traders may require different levels of functionality depending on their strategy. For
example, day traders will require a margin account that provides access to Level II quotes
and market maker visibility. But for our example above, a basic account may be preferable
as a lower-cost option.
5. Use Additional Software or Tools
There may be other features that are needed to maximize performance. Some traders may
require mobile alerts or access to trading on the go, while others may leverage automated
trading systems to execute trades on their behalf.
A lot of you must have heard about technical indicators but don’t know how to use them or
which one happens to be the best. The answer is simple if only you would follow my guide.

BEST INDICATORS TO USE?

There’s definitely nothing like best indicator to use, all you have to do is:
-study yourself
-study the market
-study the indicator you decided to you and study its background
-stick to your plan
-improve yourself by educating and updating yourself daily.

You might want to know the indicator I uses or the ones I will recommend to newbies.
For me I like to KISS (KEEP IT SIMPLE STUPID). This simply means not to over complicate
things yet making it profitable.
I would suggest every new trader stick to SPOT TRADING and then they should use two
highly simple yet profitable indicators.

1. RSI: RELATIVE STRENGTH INDEX

The relative strength index (RSI) is a momentum indicator used in technical analysis that
measures the magnitude of recent price changes to evaluate overbought or oversold
conditions in the price of a stock or other asset.
The RSI is displayed as an oscillator (a line graph that moves between two extremes) and
can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder
Jr. and introduced in his seminal 1978 book, "New Concepts in Technical Trading Systems."

42
The blue line above indicates the RSI line.

Traditional interpretation and usage of the RSI are that values of 70 or above indicate that
a security is becoming overbought or overvalued and may be primed for a trend reversal or
corrective pullback in price. An RSI reading of 30 or below indicates an oversold
or undervalued condition.

43
The Formula for RSI

The relative strength index (RSI) is computed with a two-part calculation that starts with
the following formula:

44
What Does RSI Tell You?
The primary trend of the stock or asset is an important tool in making sure the indicator's
readings are properly understood. For example, well-known market technician Constance
Brown, CMT, has promoted the idea that an oversold reading on the RSI in an uptrend is
likely much higher than 30%, and an overbought reading on the RSI during a downtrend is
much lower than the 70% level.1
As you can see in the following chart, during a downtrend, the RSI would peak near the 50%
level rather than 70%, which could be used by investors to more reliably signal bearish
conditions. Many investors will apply a horizontal trendline that is between 30% and 70%
levels when a strong trend is in place to better identify extremes. Modifying overbought or
oversold levels when the price of a stock or asset is in a long-term, horizontal channel is
usually unnecessary.

In short form, use RSI as a guide as per when to buy and sell. Warren Buffet once said “the
best time to buy an asset is when people are scared to buy and then the best time to sell an
asset is when people are excited to buy”
For me I will buy when the asset is oversold and then sell when the asset is overbought
(considering all other factors in support). This is in line with what Warren Buffet said.

45
MOVING AVERAGE CONVERGENCE DIVERGENCE

What Is Moving Average Convergence Divergence (MACD)?

Moving Average Convergence Divergence (MACD) is a trend-following momentum
indicator that shows the relationship between two moving averages of a security’s price.
The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA)
from the 12-period EMA.
The result of that calculation is the MACD line. A nine-day EMA of the MACD called the
"signal line," is then plotted on top of the MACD line, which can function as a trigger for buy
and sell signals. Traders may buy the security when the MACD crosses above its signal line
and sell—or short—the security when the MACD crosses below the signal line. Moving
Average Convergence Divergence (MACD) indicators can be interpreted in several ways, but
the more common methods are crossovers, divergences, and rapid rises/falls.

KEY TAKEAWAYS
• Moving Average Convergence Divergence (MACD) is calculated by subtracting the
26-period exponential moving average (EMA) from the 12-period EMA.
• MACD triggers technical signals when it crosses above (to buy) or below (to sell) its
signal line.
• The speed of crossovers is also taken as a signal of a market is overbought or
oversold.
• MACD helps investors understand whether the bullish or bearish movement in the
price is strengthening or weakening.

46
HOW TO TRADE THE MACD?

For me I love to buy the MACD breakout. This is the point at which the purple line is just
about to break above the yellow line. This point is one of the most profitable buy points (if
other factors hold).
The ability to successfully combine these two indicators will go a long way in helping you
become a successful trader.

47
GIVEAWAY!!!
“RISK MANAGEMENT”
What Is Risk Management?
In the financial world, risk management is the process of identification, analysis, and
acceptance or mitigation of uncertainty in investment decisions. Essentially, risk
management occurs when an investor or fund manager analyzes and attempts to quantify
the potential for losses in an investment, such as a moral hazard and then takes the
appropriate action (or inaction) given the fund's investment objectives and risk tolerance.
Risk is inseparable from return. Every investment involves some degree of risk, which is
considered close to zero in the case of a U.S. T-bill or very high for something such as
emerging-market equities or real estate in highly inflationary markets. Risk is quantifiable
both in absolute and in relative terms. A solid understanding of risk in its different forms
can help investors to better understand the opportunities, trade-offs, and costs involved
with different investment approaches.

KEY TAKEAWAYS
• Risk management is the process of identification, analysis, and acceptance or
mitigation of uncertainty in investment decisions.
• Risk is inseparable from return in the investment world.
• A variety of tactics exist to ascertain risk; one of the most common is standard
deviation, a statistical measure of dispersion around a central tendency.
• Beta, also known as market risk, is a measure of the volatility, or systematic risk, of
an individual stock in comparison to the entire market.
• Alpha is a measure of excess return; money managers who employ active strategies
to beat the market are subject to alpha risk.

This aspect should not be neglected, as a newbie, if you are able to manage your emotions
and take proper risk management you will be 100% profitable in the crypto world.

I will advise you keep a portfolio of 50% by 25% by 25%

What does the above mean?
Keep 50% Bitcoin, 25% altcoins and 25% USDT.
After following all that I have said in this book, the only challenge you will likely have is
choosing the actual point/price to buy and sell. It will cost you less than $400 to learn this
from us @CryptoBridge. To know more about this, contact us @CryptoBridge or visit our
website www.spendyourcrypto.ng

48
CONCLUSION
Trading cryptocurrency is not just of benefit to the wealthy and privileged. It is something
that can enhance and simplify the lives of even ordinary people doing ordinary things. It is
the way of the future that requires patient, focus and dedication, like I always say: +1 is
better than -1, whenever you are in profit, take it.
Even though crypto have been around for quite some time now, the world of
cryptocurrencies is still a mystery to many people. Every day there are new analyses,
statistical information and even new coins that enter the community and the market.
As a trader, let your profit show in your physical appearance as well. Don’t be greedy in
investing back all your profit to the market. Enjoy the good things of life, take out your
profit, convert it to fiat currency, give yourself a treat for a hard labor well done.
It is no easy feat, but if you do decide to follow through and try trading to make money with
cryptocurrencies (more specifically, Bitcoin), I wish you the best of luck!

49