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Note that every cryptocurrency that you have heard of have a particular purpose by which it was
created for.
1. Bitcoin
2. Altcoin
3. Shitcoin
4. Stablecoin
Bitcoin was the first Blockchain. After Bitcoin, many new Blockchains were created. In 2008, the idea of
Bitcoin was revealed. Someone named Satoshi Nakamoto published the whitepaper online in 2009.
However, it was later revealed that Satoshi Nakamoto was not this person’s real name. Even today, no
one knows the real name of the creator of Bitcoin.
At the time, nobody knew that Bitcoin would become what it is today. It was the beginning of
cryptocurrency – the beginning of a new era.
In 2013 – 2014, Bitcoin grew a lot. Then, it slowed down a bit. But in 2017, the market for Bitcoin went
so high but not as high as it is in 2020 n 2021 presently.
*WHAT IS BITCOIN*
Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without
any single administrator that can be sent from user to user on the peer-to-peer bitcoin network without
the need for intermediaries*..
*A Bitcoin Wallet Is Like Your Personal Bank Account. But it Is a bank account for bitcoin*
We are taking about bitcoin now as mother coin to all other Cryptocurrencies
*Any other crypto currency apart from bitcoin are called altcoin. Then under the altcoin comes the
stable coin and shitcoin*
Shitcoin are coin that loses there value over time due to lack of vision or purpose, scam use, lack of
investors, poor management from owners
What is BLOCKCHAIN
Blockchain is a system of recording information in a way that makes it difficult or impossible to change,
hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated
and distributed across the entire network of computer systems on the chain.
WHALES; these are individuals, possessing large numbers or amount of CRYPTO CURRENCY.
One of the biggest advantages of investing in digital currencies(Bitcoin) is the possibility of trading in
24/7 system, which allows to monitor the market at any moment. Bitcoin is ideal for speculation and
investment, because of its great popularity.
*This is the most popular method of investing in Bitcoins. The best time to buy is when the currency
value is low or it is expected to increase. Then we resell the coins when we believe that the time has
come. Our investment does not have to be short-term, we can resell our Bitcoins after a few or several
years.* The advantage of this type of investment is that we are the owners of the purchased Bitcoins
and we can use them as a payment method. The disadvantage is that in the case of a loss of the value of
coins, we have to simply wait for their value to increase again(patience) here are some legit platform for
your to store your bitcoin... PAXFUL, Luno, blockchain and coinbase. They are all trusted site for storage.
There are other platforms where you can generate profit from your bitcoin increase, but for this to be
more effective, you need a guide.
T-A
The technical analysis part, is it just like predicting, if the market goes up or down
Type of wallet
Cold storage wallet: is the capability to store Bitcoin in private keys and keep it offline so that one can't
steal it over the internet.
*Time locked wallet: This is the case that restricts the spending of some bitcoins until a specified
future time
Hot wallet:
Bitcoin wallet that is online and connected in some way to the Internet.
This invole savings your crypto in a hardware chips which can be carried around
ERC20:
blockchain based asset with similar functionality to bitcoin, ether, and bitcoin cash
Dip
Pump
Dump
Consolidation
DYOR
Go long
Go short
Type of traders
Scalpers: also known as the 60sec trader. They barely spend time in the market. Using high capital and
higher lot sizes
Daily traders: they hold trade during the day and sleep at night they can hold trade for up to 15m,
30min and 1hr but not exceeding a day
Swingle. They are traders that can hold a trade for 4hr, 1d, 1week
Position traders : They are also called investor because they can hold a trade for months, years. Long
term trader.