Bitcoin Beginners & Help [START HERE] - ULTIMATE GUIDE!

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peter

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Welcome to the Cryptonation! We’re so glad you’re here. If you’re BRAND new to crypto, we want to get you up and running as fast as possible.


Here’s a Glossary of Terms to keep in mind as well:


[music]addressA bitcoin address looks like 1DSrfJdB2AnWaFNgSbv3MZC2m74996JafV. It consists of a string of letters and numbers. It’s really an encoded base58check version of a public key 160-bit hash. Just like you ask others to send an email to your email address, you would ask others to send you bitcoin to one of your bitcoin addresses. bipBitcoin Improvement Proposals. A set of proposals that members of the bitcoin community have submitted to improve bitcoin. For example, BIP-21 is a prop…
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Also, don’t forget to review this thread too:


[giphy] Again, welcome, welcome, and welcome! We are so glad you’re here! There’s so much to do around these parts that it’s really hard to know exactly where to start… … so, I’ve made a bit of a guide for you so that you can feel the most comfortable digging in, learning about bitcoin, blockchain, and the many different cryptocurrencies, and getting to know the folks here! If you want to review the original “Welcome to the Cryptonation” post, I’d encourage you to do that here: Now, there’…
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🍻



For those interested in a shortlink for this, please use this! -
“bit.ly/2BITCOINBEGIN”


https://youtu.be/d2jYa90pAII


  1. Fill out your profile. A fully filled out profile allows people to know who YOU are!
    Also, fill out your location and see if you live near other PUB members here:
    CryptoNation Map

Want to know how? Watch our Welcome video!


https://youtu.be/vs6RSRbBToU


  1. Need to get going with crypto? No problem! We have you covered:

  • Setting up a coinbase account
  • Setting up a bittrex account
  • Making your first trades

https://youtu.be/qtM6jdI89PY


Here is a SUPER SIMPLE WALKTHROUGH -


https://youtu.be/4MQa46iIiVA


Here is a SUPER SIMPLE WALKTHROUGH for Setting up your Exodus.io wallet! -


https://youtu.be/5A15THpM8_I


WALKTHROUGH OF GDAX:


https://www.youtube.com/watch?v=9n41vlt84n4


WALKTHROUGH OF BITTREX:


https://youtu.be/obv4jDK3hTI


[Expert Video] - How to trade from Coinbase with ZERO FEES. Watch this after you’ve mastered the first video!


https://youtu.be/cCE6w3uAW_A


  1. Now that you’re in the #cryptonation, it’s time to get your tickets to the big show. We go by simple rules here:

  • Buy Bitcoin now
  • Buy it at cost
  • HODL

Your ticket to the moon requires at least 1 BTC. After that, you can begin trading other alt coins at your own discretion.


  1. Many n00bs get caught up in FOMO (fear of missing out), and FUD (fear, uncertainty, doubt). While this is normal, grounding yourself in principles allows you to make rational trades rather than emotional trades. Take some time to understand Principle Based Trading:

https://youtu.be/UodU3zSlnZg


  1. Now that you have the principles down, you need to set goals. Goal setting is THE best way to ensure that you never lose focus of why you’re here, and what you want to get out of it. Take some time to set some goals:

https://youtu.be/YAMv85WEAr0


COINMARKETCAP.COM - A great place to see all your favorite coins!


https://youtu.be/Jq6w0ij5oeI


  1. Now that you have goals, understand that goals WILL not get get reached by themselves. You must discipline yourself daily to get to those goals. A lot of people here at the #cryptonation enjoy “cost averaging” as a way of incrementally increasing positions in certain coins. Cost averaging works well in traditional markets, but works extremely well in crypto, take a look:

https://youtu.be/BkADsWMJ2f4


Here’s how I’ve made SIGNIFICANT gains through cost averaging with our beloved Litecoin!:


https://youtu.be/O1QlOOoELr8


If you’re looking for the spreadsheets on these, you can find them here:
https://thebitcoin.pub/c/beginners-help/downloads


  1. Now you’re on your way. You’ve hopefully began settling in. You’ve got several exchanges to work from and you understand the value of incremental investing over time with discipline and goals. Now, you may find yourself looking for greater challenges. No problem! Here’s a bit on some very powerful chart patterns if you want to do more weekly trading:



Wanna see screenshots of them? One of our awesome Pub members @heythaitea made a TL;DR:


Hey everyone, I got tired of skipping through the video so I decided to take screenshots of all the charts. Enjoy! Ascending Triangle [Ascending Triangle] [Another Ascending Triangle]Flag Continuation [Flag Continuation]Bullish Symetric Triangle [Bullish Symetric Triangle]Pennant [Pennant]Falling Wedge [Falling Wedge]Triple Bottom [Triple Bottom]Head and Shoulders TOP [Head and Shoulders TOP]Peter’s Encouragement - Not a Chart! [Peter's Encouragement - Not A Chart]
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TECHNICAL ANALYSIS 101 - Starting with Candles:


https://youtu.be/dL22zravgoo


TECHNICAL ANALYSIS 101 - Candles and Candlestick Shadows:


https://youtu.be/MTnukcP0whc


TECHNICAL ANALYSIS 101 - Spinning Tops & Doji:


https://youtu.be/H4zVnphN99c


TECHNICAL ANALYSIS 101 - More Ideas around Doji:


https://youtu.be/KSZOVGSY-Ak


TECHNICAL ANALYSIS 101 - Hammers and Hanging Men:


https://youtu.be/xDZ0siUGJq0


TECHNICAL ANALYSIS 101 - Shooting Star and Inverted Hammer:


https://youtu.be/YGsk2BxXUMg


TECHNICAL ANALYSIS 101 - Candlestick Summary and Tips:


https://youtu.be/dwOSLcD3otI


Support and Resistance Lines -


https://youtu.be/z25hQom4qSQ


Trading Ranges and Support Zones -


https://youtu.be/sFQ1MSNrTto


Trend Line Basics -


https://youtu.be/VOOPju_aJo8


The Value of Volume -


https://youtu.be/97k6icq7Mc8


Gap Analysis -


https://youtu.be/df-tL16_9co


Moving Averages (MACD)


https://youtu.be/j1LQ3zzYtws


Relative Strength Index (RSI) -


https://youtu.be/C0kzIzAU_m4


#1 TIP to TRADING/INVESTING in Crypto - Set those goals BEFORE you buy! -


https://youtu.be/nlMOM8Vgvks


  1. Full transparency. I very much enjoy helping others. If you’d like to see a larger overview of what I’m generally working with, take a look at a video I did a couple months ago about my personal “active portfolio.” I hope it encourages you that you too, can earn over time!

https://youtu.be/1Fogu-HjpT4


  1. Now it’s time to jump into more details on trading. Here’s an off-the-cuff video I did when I was on vacation trying to help out my #cryptonation. It shows entry points on BTC, ETH, LTC and how I used moving averages to understand “momentum” in a market to get into a coin on an upward swing:

https://youtu.be/WDJs1p23b-A


  1. Last but not least, welcome again. We’re so glad you’re here. We hope you have started the B90X program!

Make sure to create a mission and vision for your life!!!


Here at the #cryptonation, we want to part of YOUR life change. Through our B90X program, we’ve covered so many facets of life change. Below, you’ll find how to create your own personal VISION and MISSION and Mission Goals. You must do these if you’d like to begin changing your life for the better! https://youtu.be/9ZuFuii-r3M https://youtu.be/oyROpWHwl0k https://youtu.be/4iZ065YC8Bg https://youtu.be/iHpvm9QqTs8 https://youtu.be/SLQRpL_uOeY
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Here is the MARKET PSYCHOLOGY series:


https://youtu.be/nlMOM8Vgvks https://youtu.be/kxyXpMmNZPI https://youtu.be/qC1ZAU0ipm4 https://youtu.be/fxHi6V6WElQ https://youtu.be/vNyhwqH4nTg https://youtu.be/hflSmcWwtyg https://youtu.be/BCvYH7wCRbM https://youtu.be/xZu1Qvrj5po https://youtu.be/tjS0B-nt-6c https://youtu.be/Cv9SBPNtISk
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Here is the Good Product Design 12 Part Series:


https://youtu.be/OwLXuhC4J04 https://youtu.be/_8j9lvur_JA https://youtu.be/SlTzjXo1iq0 https://youtu.be/mwFW2z-K5zk https://youtu.be/e2sMMwhQW94 https://youtu.be/GEMP8215TxA https://youtu.be/LhobsjDBp6U https://youtu.be/89YsOhiu_iM https://youtu.be/ArNFLLYynew https://youtu.be/fZSDn3vIv3s https://youtu.be/PFTYu_D4-zA https://youtu.be/5YUQeZHbsvU https://youtu.be/GFeqkc2inno
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Here is the 20 Par series on Going Bitcoin Professional:


Going Bitcoin Professional is a long journey. It’s rough. So take it step by step. Here is my #B90X series on GOING PROFESSIONAL. It’s time to get serious. Not fully done yet… but putting them here for now https://youtu.be/MEHB1bYRwJU https://youtu.be/YPcRD-pKmog https://youtu.be/qTzCbhxAGXo https://youtu.be/B-r4wp84U-k https://youtu.be/7nGDTfqyeEk https://youtu.be/6KzdKr4xIVY https://youtu.be/m2CM1qZ2Qok https://youtu.be/xaGey_r95po https://youtu.be/RGk1eUY…
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<3
Dogelord


[Check back to this thread monthly, I will most likely be updating it as more and more questions arise!]
 
For all the newbies out there looking to figure out how to use charting tools to make better trades - the Arcane Bear can help - Tijo does live videos almost every day that detail the tools he uses - he also answers questions during the live streams. https://youtu.be/DZCAGabD4zQ
 
Probably should put this here too:


Welcome to The Bitcoin Pub’s EPIC Bitcoin Resource Repository. This list will serve as the go-to list for ALL things Bitcoin! In order to ensure that we have high quality links with the most value for the community, all users can comment in the thread and recommend links. We will then research the links and add them to the list in the proper section. When giving a recommendation, please provide the following information: Title and linkBrief summaryTell us why you think the link has value.G…
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Sorry if this info is redundant. I’ve been trying to find the link to Peter’s newsletter. Is that still a thing? I’d love to subscribe!
 
Hey guys, Happy new year and much healthm hapiness and success to all… and may we all go to the mooon!
Im a noob and I have a stupid question:
I saw the video of @peter talking about the 7 basic chart patterns to look out for. I was wondering what the “time frame” was on those charts and what do you usually look at? Daily, monthly, etc…
Is it different Times frames for different strategies?
Thanks
 
@peter, Newbie question, here. Planning to start putting some money into alt coins. When I accumulate 1BT in multiple altcoins should I move them all into my BTC wallet (so I can be buy the ticket to the moon LOL) or should I keep accumulating them in altcoins until I have at least 2BTC or more?
 
Ticket first. Secure that. Then begin the game of thrones with the other alts!
If you’d like, you can dca into a full btc.
No worries! Just stay in the game!
 
Alright :) I started DCA-ing in Icon and Iota (following your video)… .will do the same for BTC. Thanks!
 
You could try Kraken, Cryptopia, or poloniex. I’ve heard poloniex has recently changed their user agreement in ways that is unfavorable to the user, I have not confirmed that yet myself though. Also, do be careful when using any Crypto exchange, I personally have not had any troubles but many have and will continue to so be vigilant and safe out there. For when they do take on new users Binance is probably my current favorite. There is also the exchange that is tied in with KuCoin, but I do not know all that much about it.
 
Just watched Day 17 and I have a question. Learning about the open/ close of candles but why does it show the tail higher then the close? Does that mean that the price went really high then came down before the close? Thank you I really am learning a lot and actually enjoying the videos.
 
@peter Hey man thank you so much for replying. You guys are doing a great job with the whole website and community. Keep it up. You guys have made me feel like i’m one of you even though I have only been here a couple days. I truly am blessed to have found this community. Thank you for making it easy for us all.
 
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