Bitcoin

LESSON 1& 2*

Lesson 1: what is bitcoin:

Bitcoin is a discentralised digital money that allows u to receive and send money through the internet by d use of a technology called Blockchain.

Blockchain -is a discentralised Ledger

Lesson 2: How Bitcoin Works
To recieve bitcoin, you need a bitcoin account/wallet.
Two required 4 ur wallet is wallet ID & wallet address.

1.What is bitcoin
2.How Bitcoin works/Blockchain

1. How to buy bitcoin
2. Tools for Trading Bitcoin

You Strategy For Trading

Strategy Is Key in Crypto Trading/Investment

Due to scarce resources, we need
to strategise on how to spread our
investment in crypto so we maximise
our profit.

Types of Investors:

1. Buy and Hold (Bagholding):
   Buy and hold for years.
   e.g Say u bought 1000units of
   xrp(ripple) in Jan 2017 when 1xrp
   cost $0.006. 1000units would hv cost
   $0.006 X 1000 = $6 (#2,160).

Today, 1XRP = $3
so your 1000XRP would given u
$3000 (#1,080,000).

That is #2,160 investment gives u
#1,080,000 in one year. That is
the power of bagholding.

1. Day Trade (Swing trade):Here,
   u monitor the mkt closely to maximise
   the volatility.

2. Baghold & Swing Trade: Here,
   you buy cheap coin and hold for long
   and u swing trade sometimes.

My own Strategy

1. I spread my investment in 3-4coins
   with high potential growth.
   Coins that are less than $1 per unit.

2. I swing trade to raise capital.
   e.g Invest in a cheap and volatile coin
   Once I hit my target, say 200%, I pull
   out my capital back.

Summary:

-Have a target for longterm or short term
-Swing trade to raise capital