Getting started with bitcoin, it is really essential for you to have some kind of an account that you
can do that trading with.
There was a few of them that you can actually use.
There was Coinbase, which is specifically for bitcoin.
All those Robinhood, this one of those, you trade both bitcoins in stock.
I specifically like this one a lot better, Robinhood, because it lets you do both.
And they also have an app and a desktop version as well.
So what I suggest for you to do is, first of all, see which one is best for you to use, which one
you like the most and then decide what you're going to be doing next.
Are you a trader or are you an investor?
It is essential for you to figure this one out before you get started as a trader.
You play short term as an investor.
You actually go long term.
And if you like what you have, you're going to be keeping it for a long time.
The first thing you want to do is to explore the bitcoin family.
The bitcoin itself is actual.
Bitcoin beat the Bitcoin Cash and Bitcoin SV.
The actual bitcoin itself is very expensive.
It is at sixty one thousand dollars.
So if you want to get into something which is a deliberative bitcoin itself, you can get into Bitcoin
Cash or Bitcoin S.V., which is much more cheaper relative to the other ones.
Once you find the one you like, you have to clear the watchlist.
Here we have a bunch of watch list that is already created for you.
The crypto watchlist is going to be adding this blessing on the save changes so we can watch specific
bitcoins that you want to watch for.
Then after we put this in, we're going to be going and looking for other kind of bitcoin futures bid.
Coin itself.
So this is the Bitcoin family heal person.
So more and we have all kinds of things here that we can go for.
And there is also the derivatives of bitcoin itself, such as the Italian, which is a different kind
of coin dogecoin and the white coin itself as well.
So if you want to go into Dogecoin, we have that shout over here, which shows you how much it is priced
at.
And you can also add this specifically to your list, and he'll add to your list.
This is essential.
I would add to my list anything that I'm interested in initially before I'm going to go and buy it,
because then I can watch it and then I can learn more about where it's going next.
So let's go ahead, person, to save changes and be added another one to our list.
Now, if you want to play the active bitcoin, you want to make all the money with bitcoin.
Accept you the one that take the big risk of owning the actual bitcoin itself.
You can go ahead and play something as called coin by buying the actual Coinbase.
You don't have to take any of the risk of bitcoin, and yet you're playing with all the money that bitcoin
actually is making.
This is one of the biggest powerhouses out there.
Next thing I do suggest for you to check it out is actually the grayscale.
The grayscale is called the BTC.
It's actually edge was found, and this specific found tracks bitcoin all by itself, and you can go
ahead and get into it.
And because of that, their choice found is one of the ways for you to make money with bitcoin.
And yet you're not taking all the risk.
Now, if you want to go strictly into Adobe, take what you have to actually do is to use some different
kind of account because Robinhood is not going to let you own the actual trust itself, which is the
Grayscale Bitcoin Trust.
Now, there was a reason why Robinhood is not going to hit you on this.
This is because it is trading on OTC markets, and those specific markets are over-the-counter markets
in that every kind of a stock exchange or location.
But what you actually traders each with what your traders, other ones will not.
So this one, if you can see here it has been trading for quite some time and since its inception,
which was at one door at 20 cents, it went up a lot of money.
It is now at almost 50 dollars.
So for the past five years, the whopping amount of money that it made its users is over 4000 percent
in the past year.
Two hundred eighty two percent.
So there was potentially there was still maybe a bunch of gains that could specifically be done.
If you go if you go ahead and invest in something like this and its P ratio is only two bucks, which
is pretty cheap.
Now another hand, this one which is actually tracking bitcoin itself.
If bitcoin drops, this thing drops with it a lot.
So in one year, this can go down pretty hefty down, it went down over 50 percent.
So I do suggest for you, if you want to invest in a Bitcoin Trust and you have access to an account
lets you actually do this.
Go ahead.
Buy it.
And when you buy it, if it goes down a lot and then you can play this game, much more safe will do.
And of course, the Rwanda missing the most is actually Robin Hood hood by itself.
Yes, the app that we are talking about that we are using right now is that you can go ahead and actually
buy.
You can own Robinhood, which is not just an app that actually only works for bitcoin.
It works for stock market as well.
So you get double the exposure of two different things, and this one is a mammoth stock.
So you can see over here in the past year, this one went really way high.
When it just came out as an IPO, it went all the way to seventy eight.
Now it is trading at about 24 to 36 bucks, which is kind of cheap compared to where it was before.
Now, could it get a lot cheaper?
That is potential as well.
So I do suggest for you to watch this too.
This is kind of a crypto to watch.
It's not actually a crypto itself, but it is very related to it because Robinhood, just a Coinbase,
both of them where lets you trade bitcoin.
And therefore there are ways for you to profit with bitcoin without investing in bitcoin itself.
So now that I have created the crypto watch list, the next thing I suggest for you to do is to monitor
those specific ways and wait for bitcoin to actually drop.
You don't want to go ahead and invest in bitcoin until the actual price by itself of the main bitcoin
drops.
So at first.
So what you're going to be doing is not investing at the top.
You're going to be waiting until eventually it's going to crash so you can see seasonality over here.
March, April.
It went pretty good in May as well.
And then over this summer, it dropped all the way down.
And I see it coming in twenty nine thousand dollars.
Now, the bitcoin itself is linked to an actual trust, which means that when bitcoin drops all the
other bitcoins and we think derivative, that has something to do with it drops as well.
Let me show you what I mean by this.
So let's go into something called MarketWatch to come.
This one tracks a of cryptos and the same exact time you press on crypto itself.
And if you're going to be watching this after it sometime, you're going to be seeing that all of them
drop almost at the same exact time.
So if one of them drops down to one drops, do they don't drop at the same rate?
But they do drop altogether because they are part of indexes and because they're part of indexes.
Once one of them drops down, another one is affected as well.
So be really careful when you investing in bitcoin and understand that it can drop a lot as you're investing
in it.
And because of that, it is essential for you to take your profits when you have them and not to be
greedy.
And also essential for you to wait until it drops a lot.
So when it drops a lot, this is when you're going to be going into it, you're going to be looking
at your watchlist, they're going to be reviewing the watch list itself, and then you're going to be
deciding when it is time for you to go ahead and buy some bitcoin.
This is the best way for you to make money because otherwise you're going to be losing cash and losing
a lot.
Now, if you want to play with something known as penny stock, why strategy, which is Dogecoin?
It is in the penny stock range, which is under five bucks.
It's going to one you and we can see the chart over here.
So this one was doing very well for quite some time, and then it went all the way up to sixty nine.
Since the best time to buy something of such as Dogecoin is to wait until it drops to around 17 cents.
This one drop to 20 cents.
So maybe the next one?
Well, it's getting close to six cents.
Yes, it's not going to reach as low as it always did.
It always, which is pretty low.
Then you can buy into it and look what happened last time it went all the way down to 17 cents.
It went all the way up to 21 cents a double.
The people money 17 cents seems to be the key here.
So watch up to about 17 to 18 cents.
Next time, it's going to be dropping to that amount you can buy.
You can swing this and get out.
Don't be greedy.
Don't wait until it gets to a buck.
It may never get to a buck.
Don't wait until it gets to 64 cents.
Play this.
Wings go and try to hit a home run.
Just get a few swings in and you'll make way more money than hitting one time at home on Hill.