//I got fired 3 week ago and got into depression, one of my best friends is a crypto trader. Instead of feeling shitty he want to teach me everything about crypto and he said that it might help me to understand the normal 9-6 job life is not the only way. here are the tips and resources he gave me:

I got fired 3 week ago and got into depression, one of my best friends is a crypto trader. Instead of feeling shitty he want to teach me everything about crypto and he said that it might help me to understand the normal 9-6 job life is not the only way. here are the tips and resources he gave me:

i’m sharing it here because i’m sure that there are other people in my situation too and it will be great if i can help you exactly like how my friend helped me.What i’m sharing here is what i wrote on my notebook while he was pitching the basics of crypto trading, I summarized it into few lists so it will be easier for you to follow:General tips:If your mom send you a message asking “how to buy bitcoin”? it means you need to sell yours (not to her of course :P)Don’t put all your money on the exchange (he lost in the past some money on mt.gox).If you’re too lazy to print a paper wallet or so cheap you can’t buy Trezor, so don’t cry if you make some stupid mistakes and lose your login details/ get hacked.Don’t be afraid from charts, After you will get into trading you will find technical analysis like a children’s game, you just need to look for shapes and mark a line to understand where the risk is and than use your instincts, your brain(he claimed i don’t have any) and some useful new resources (i share them later on).there is too much information, if you will try to focus everything it will kill you and you will spend most of your profits on Advil. arrange yourself a useful resources and a comfortable working environment.Listen to Lofi while you trade/make decisions.don’t join random telegram groups or pump and dump groups. no-one open a traders group and invite you just because you have a beautiful smile. 97% of them have hidden interest. Try to attend for a local bitcoin meet up in your hometown or near by and than meet REAL people and REAL traders. Ask them if they have a friends traders group and ask to join, If they don’t agree say theTrading tips:Altcoins – Vs. Bitcoin and Vs. USD: it’s important to analyse the price against Bitcoin and against USD as well. Most major altcoins have huge USD tradingWhat goes down – does not necessarily go up again: “I’ve seen Altcoins like Aurora which came down 99.99% of its record”.Day trading is a job. Consider the time spending on it when calculating your gains and losses.Don’t put all of your eggs in one basket: Diversify your crypto portfolio, and it’s not shame to hedge to cash sometimesdon’t risk something you can’t afford to lose.resources:“Give a man a good signal and he made profit for day, Teach him how to trade and will make a profit for a day “ (I made it now… And I wonder why I got fired) :PHe shared with me many of his resources and said that I need to check them to understand which one are useful for me and which isn’t.News & Educational Websites:CryptFlix – This site is a great way to learn about blockchain and the crypto market while watching videos. They have a cool UX that reminds Netflix and you will find it easy to spend few hours watching super cool and educating videos. cryptflix.comCrypto Dictionary – In the crypto world there is a lot of terms http://ift.tt/2CfvayP – Great educational website for beginners and advanced. What I like the most about this guys is that they are doing market update each week, live technical analysis sessions (also answering questions) and it seems like they are super legit.Investopidea – I love this website. The are professional, keep it simple and clean. http://ift.tt/2sVLiSD – watch all upcoming coins events and updates. http://ift.tt/2Ced5kL – Beautiful easy to use charts. You can also follow pro traders and learn from their analyzes. http://ift.tt/2DelMaM, Learn about real companies that using smart contracts – http://ift.tt/2IeWb5h – It’s like wikipedia, but for bitcoins… http://ift.tt/2CeZZnu – This website will help you to avoid fraud (My friend said the word fraud like 20 times in the last 1 hour, I think this market have many problems!). http://ift.tt/2sODUYR Age of Cryptocurrency: Recommended book. How Bitcoin and the Blockchain Are Challenging the Global Economic Order. I’m not sharing here a link so it won’t consider self promotion so just google the book name, it’s on amazon (the price is around 16$ but don’t be cheap on your education)CryptoPanic – This website will save you a lot of time by summarizing news from all over the internet and let you know the sentiment of each article/post/tweetAndreas M. Antonopoulos – This guy deserve a high five from satoshi nakomoto. He wrote the book “ Mastering Bitcoin” and dedicating his life to make the world understand bitcoin & blockchain. http://ift.tt/2Fx9I6o – http://ift.tt/2CfUG74 – a beautiful unique way to have a overlook on the crypto market and find new opportunities every day. http://ift.tt/2sSZwDG – a cool alternative to coinmarketcap https://cryptocoincharts.info/ICO’s – Before investing in ICO you need to check few things:Team (Who are they? do they have experience in the field of the ICO? They have linkedin, github, personal websites?)Technology (Are they here to stay? Do you see a real usage in their tokens? They solve any problem?)Social Media – do they have community of people that support them? Are they active on Facebook, Twitter, Medium, Telegram, Reddit?Whitepapaer- Before you buy electronic product on Amazon do you read about it? do you do the research? Do the same when you invest in ICO. Read the Whitepaper to fully understand the idea and the potential

i’m sharing it here because i’m sure that there are other people in my situation too and it will be great if i can help you exactly like how my friend helped me.

What i’m sharing here is what i wrote on my notebook while he was pitching the basics of crypto trading, I summarized it into few lists so it will be easier for you to follow:

General tips:

  1. If your mom send you a message asking “how to buy bitcoin”? it means you need to sell yours (not to her of course :P)

  2. Don’t put all your money on the exchange (he lost in the past some money on mt.gox).

  3. If you’re too lazy to print a paper wallet or so cheap you can’t buy Trezor, so don’t cry if you make some stupid mistakes and lose your login details/ get hacked.

  4. Don’t be afraid from charts, After you will get into trading you will find technical analysis like a children’s game, you just need to look for shapes and mark a line to understand where the risk is and than use your instincts, your brain(he claimed i don’t have any) and some useful new resources (i share them later on).

  5. there is too much information, if you will try to focus everything it will kill you and you will spend most of your profits on Advil. arrange yourself a useful resources and a comfortable working environment.

  6. Listen to Lofi while you trade/make decisions.

  7. don’t join random telegram groups or pump and dump groups. no-one open a traders group and invite you just because you have a beautiful smile. 97% of them have hidden interest. Try to attend for a local bitcoin meet up in your hometown or near by and than meet REAL people and REAL traders. Ask them if they have a friends traders group and ask to join, If they don’t agree say the

Trading tips:

  1. Altcoins – Vs. Bitcoin and Vs. USD: it's important to analyse the price against Bitcoin and against USD as well. Most major altcoins have huge USD trading

  2. What goes down – does not necessarily go up again: “I’ve seen Altcoins like Aurora which came down 99.99% of its record”.

  3. Day trading is a job. Consider the time spending on it when calculating your gains and losses.

  4. Don’t put all of your eggs in one basket: Diversify your crypto portfolio, and it's not shame to hedge to cash sometimes

  5. don’t risk something you can’t afford to lose.

resources:

“Give a man a good signal and he made profit for day, Teach him how to trade and will make a profit for a day “ (I made it now… And I wonder why I got fired) 😛

He shared with me many of his resources and said that I need to check them to understand which one are useful for me and which isn’t.

News & Educational Websites:

Educational, Learn about real companies that using smart contractshttps://medium.com/swarmdotmarket/5-companies-already-brilliantly-using-smart-contracts-ac49f3d5c431

BitcoinWiki* – It’s like wikipedia, but for bitcoins… https://en.bitcoin.it/wiki/Main_Page

  • BadBitcoin – This website will help you to avoid fraud (My friend said the word fraud like 20 times in the last 1 hour, I think this market have many problems!). http://www.badbitcoin.org/

  • The Age of Cryptocurrency: Recommended book. How Bitcoin and the Blockchain Are Challenging the Global Economic Order. I’m not sharing here a link so it won’t consider self promotion so just google the book name, it’s on amazon (the price is around 16$ but don’t be cheap on your education)

  • CryptoPanic – This website will save you a lot of time by summarizing news from all over the internet and let you know the sentiment of each article/post/tweet

  • Andreas M. Antonopoulos – This guy deserve a high five from satoshi nakomoto. He wrote the book “ Mastering Bitcoin” and dedicating his life to make the world understand bitcoin & blockchain. https://antonopoulos.com/

  • BitcoinWisdomhttps://bitcoinwisdom.com/

  • Coin360 – a beautiful unique way to have a overlook on the crypto market and find new opportunities every day. https://coin360.io/

CryptoCoinChart – a cool alternative to coinmarketcap https://cryptocoincharts.info/

ICO’s – Before investing in ICO you need to check few things:

  • Team (Who are they? do they have experience in the field of the ICO? They have linkedin, github, personal websites?)

  • Technology (Are they here to stay? Do you see a real usage in their tokens? They solve any problem?)

  • Social Media – do they have community of people that support them? Are they active on Facebook, Twitter, Medium, Telegram, Reddit?

Whitepapaer– Before you buy electronic product on Amazon do you read about it? do you do the research? Do the same when you invest in ICO. Read the Whitepaper to fully understand the idea and the potential