How To Invest In Crypto 2024 Full Beginners Guide

Starting your journey into crypto can be intimidating but don’t panic! Josh made a helpful guide to get started in Bitcoin and Crypto.

Useful links and resources:
https://www.coinbase.com/
https://www.barnesandnoble.com/w/the-bitcoin-standard-saifedean-ammous/1127250147?ean=9781119473862
https://www.barnesandnoble.com/w/the-infinite-machine-camila-russo/1133319507?ean=9780062886149
https://www.barnesandnoble.com/w/bitcoin-billionaires-ben-mezrich/1129826052?ean=9781250217769
https://messari.io/
https://www.lynalden.com/
https://cubicanalytics.substack.com/subscribe
https://trustwallet.com/
https://metamask.io/

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Protect Your Crypto in Cold Storage:
💳 Safepal Wallet ➡️ https://www.safepal.com/store/s1?ref=…

Tools:
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🛠 Market Cipher Trading Tool ➡️https://marketciphertrading.com?ref=353

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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange. Altcoin daily cryptobanter coin bureau

#bitcoin #money #crypto

Crypto changes lives and makes millionaires but how if you’re new to crypto investing or just need a refresher it’s hard to know where to begin my name is Joshua Jake and this video is your bootstrap guide to making money in crypto in 2024 it’s time to discover

Crypto now I’m going to assume that you are just simply starting from zero maybe you heard something about Bitcoin and black rock or maybe a web 3 play to earn game or maybe you just saw a buddy of yours make some Bank off a dogcoin that

You’ve never heard of and now you have all of this adrenaline and you’re looking at YouTube videos to learn how to get into the crypto action learning about crypto is one thing but you do need to lay down some fundamentals first so the first thing we’re going to want

To do is pull out your smartphone and download the coinbase app You’re simply going to want to make an account and that’s really your starting point from there you simply link your bank account and you set up dollar cost averaging into Bitcoin that’s your Baseline that’s

It you can do it daily you can do it weekly and even monthly but no matter what you just simply need to set it up now there are other exchanges and apps to use in crypto but you will learn about those as you go for now coinbase

Is really the central hub for you you don’t want to use venmo you don’t want to use PayPal or Robin Hood to buy crypto because on those apps you’re not really buying crypto on those services and you’re not actually able to move it around it’s not your crypto which is

Something you’re definitely going to want in the future so while you wait for your bank account to get approved it’s time to get familiar with some of the tools of the trade so let’s start learning more about crypto and of course there is no better place to start than

Right here on Discover crypto so be sure to hit that like button and pat yourself on the back because with these notifications on you are going to learn more than pretty much anybody else around you now if you’re a reader I honestly recommend you probably head to

The library and pick up a book known as the Bitcoin standard or the Infinate Machine by Camila Russo these two books will give you the firm grasp on the fundamentals of what Bitcoin and ethereum really are another honorable mention would be Bitcoin billionaires which pretty much goes through the

History and breaks down what crypto is and where it came from now it’s really important you know the who’s and who of the crypto verse now there are many highquality newsletters that we read here on Discover crypto and these definitely will set you up on your crypto journey I recommend the

Newsletters from misari ly Alden and even Caleb fronza these of course will hit your inbox with unique perspectives and data in ways that only a curated newsleter can provide if you want a more academic approach to crypto you can join the bitlab academy to get lessons and education on everything related to

Crypto which of course we’ll leave a link in the description below now one of the best things about crypto is there are many different ways to get involved from nfts to gaming and even defi or bit bit coin mining you can put your crypto to work to maximize your gains in a

Variety of ways however even if you just want to buy and huddle you’re first going to need to get familiar with the ways to actually do that that way you can stay ahead of the game and know what to buy next now the hdle trend is next because buying and holding Bitcoin is

One thing but once you start looking for 10 30 or 100x gains you will need to increase your knowledge of the niche like every Soldier after boot camp you need to specialize your skill set and here are some of the ways that you can get involved with crypto it could be buy

And huddle day trading decentralized Finance airdrop farming Mining nfts and even decentralized gaming now try each one out and see what you like which Community resonate with and dive in eventually you will become an expert and gain skills that will help you for the years to come truly there is no right

Way to do this it’s going to be a personal preference on whatever you like maybe you like yield farming maybe you like decentralized gaming maybe you want to get into AI or maybe you’re like me and obsessed with science and want to get into decentralized science but no

Matter what the crypto you are buying with coin base is a good place to start but of course in crypto there’s a saying we have about our coins not your keys not your crypto what this means is unless you personally have the keys to the blockchain address or seed phrase

You’ll hear that term a lot in crypto you don’t actually own it so coinbase is a very secure place to trade and buy crypto but it’s holding your coins for you if it gets hacked or the government tells it to go out of business or something your crypto access could

Potentially be cut off and it could take you years if ever to actually get some of that back so while coinbase can be your temporary custodian you need to eventually move those coins and tokens you buy onto a digital wallet that specifically you control these are otherwise known as hot wallets or cold

Wallets now we have two wallets that we actually recommend that is going to be arculus for cold storage and that’s going to be metamask for my hot storage Cold Storage puts your private Keys behind a military gr encryption device this keeps your crypto out of the hands

Of Bad actors with high levels of security hot Wallets on the other hand are less secure but offer far more versatility when you want to move your ons around or trade crypto assets both have their upsides and both have their downsides but they are both overall more

Secure than leaving your crypto on an actual exchange of course we have links in the description for both the arculus and even a trust wallet which is going to be an alternative to metamask now at the time of this recording the Bitcoin having is going to happen sometime

Around April 17th this happens about every four years and cuts the emission of Bitcoin by half while this does set off a supply shock that kicks off the borun essentially there’s usually not much price action but this year could obviously be very different as we just

Had the approval of a spot Bitcoin ETF now if history repeats you can expect Bitcoin to have a blowoff top approximately one year later after the Havoc with a steady run up to the top so that of course means you have to strategize your buys and know when to

Take profits no one can predict the future and trying to sell the very top of the cycle is pretty much impossible anyone who tells you that you can is probably trying to sell you something or sell you a Discord or sell you a course or sell you some service because they

Don’t actually make money in crypto they make money off you of course use your best judgment and I would actually recommend reading richest man in Babylon as it has a great story in representation on really what’s going to happen with influencers in this industry can make you see through a sea of Lies

Again take profits when you are in the green on the way up and on the way back down it’s called laddering once you are in the green by a good margin you definitely want to take out 10 or 20% of your portfolio that is what taking profit means it doesn’t mean selling out

Your entire position but it means taking profit you do not make money unless you take profit so if you buying in late 2022 and early 2023 congratulations because we are well into profits if you started buying crypto in 2024 you will most likely need to hold off on taking

Any profits until much later this year and into 2025 again this all depends on your risk tolerance and how you are allocated if you’re Diversified and of course taking profits is different for each person so consult a tax professional I am not a CPA if you need clarification on the tax implications of

Trading crypto we got you you can get help with all your crypto tax questions by clicking the link in the description for decrypted do tax this is by far one of the best Crypt tax professionals out there and it’s super simple to use the gains you’ll be making are probably

Going to be some of the biggest gains you’ve ever seen in your life that’s crypto for you also can sometimes end up being in losses however the window to actually lock in those triple digit gains for altcoins this year will be coming to a close the farther away we

Get from the having so timing your buys is definitely crucial but above all else you do not not want to get fomo fear of missing out whether it’s missing out on coins or missing out on profits don’t be the guy or girl that is pretty much

Diamond handing all the way to the next bare Market profit is profit stick to your plan stick to your strategy and change your life for the better and of course keep watching discover crypto for the latest in crypto news and Analysis and leave a comment on what you want me

To cover next what are some of the altcoins that if you’re new you’ve been looking into and want coverage on but that’s all for me I’m going to see you guys at the top of this bow run