I want to start off by acknowledging the hard truth that crypto isn't an easy game.
For the everyday person on the outside looking in,
when they think of making a living in crypto,
they think fast cars, big houses and a bank vault full of money.
It's reality for a few,
but for every success story,
there's a thousand or more people who lost much more than they'd like to admit.
The success stories are all people who either got in the game very early
or who outworked everybody else under the table.
And since we don't have a way to travel back in time,
there's only one way for you to make it in crypto.
We're going to show you today.
Let's get it!
Welcome to BitBoy Crypto!
My name is Ben.
Now, before we get into the nuts and bolts of this video,
I want to acknowledge a couple things.
No. 1, if you haven't made it yet in crypto, that doesn't mean that you can't.
No. 2, if you lost everything in crypto, that doesn't mean you can't make it back.
The catch is,
if you want to make it back,
you have to be honest with yourself.
Reevaluate and don't make the same mistake twice.
No. 3, you have to be willing to put in the work.
Go the distance and be confident in the fact that you're working harder than everyone else.
That's why we made it here at BitBoy Crypto.
So, first of all, trading crypto isn't a hobby.
It's a lifestyle.
When I got into crypto, I quickly learned that you can't win today off of yesterday's effort.
You can't just throw money at letters,
and you have to put your finger on the pulse every single day and know what's going on,
or you're not going to understand why the chart is going one way or the other.
You want to make it in trading, right?
So from this day forward, it's your job to stay up to date on the news.
And not just the news in crypto.
You have to follow the macroeconomic news too
because it's all relative.
cryptopanic.com is my home base,
and I leave that tab open every day next to my trading charts.
Before we get into the trading charts, you need to honestly ask yourself.
"Am I ready to trade?"
"Do I know what I need to do before I put my hard-earned money at risk?"
It's okay if the answer is no
because at least now you have time to catch up.
Answer me this.
Do you know what an oversold bounce is?
What does MACD, RSI or VRVP stand for?
What's the difference between a DAO and a DEX?
What's the difference between ZK or optimistic rollup?
Why would anyone want to use the Total3 chart?
What's an ascending scallop?
Why is Bitcoin dominance important when trading altcoins?
Sorry if your head is spinning,
but the questions I just asked are barely tipping toes into the tides of crypto.
If you don't know the answer to those questions,
my best guess is that you need to spend more time studying
before you try your hand at trading.
I'm not saying any of this to sound condescending.
I'm saying this because I care.
Understand, when you trade crypto, you're trading against the elites.
You're trading against an army of 200 IQ whales who sit in front 10 computers all day.
You don't lose money in crypto.
They take your money.
To be successful in this game, you don't need to be better than everyone,
but you need to have a serious edge.
My point here is this.
If you're willing to invest your money into crypto,
then you should be more than okay with investing in yourself.
Take the time to read a few books on investing.
Read endless news articles.
Take a crypto class like the BitLab Academy.
Watch hours of YouTube content of successful traders
like Frankie Candles or Crypto Face.
Look into how indicators work and how you should use them
and which ones you should use.
Get involved in communities on Discord.
Listen to Spaces on Twitter.
The point here is that you can't binge study your way into crypto.
You have to systematically take small bites every day
and be dedicated knowing the ins and outs of the space
before you even think about putting your money in.
Be willing to learn.
Be willing to take advice.
Most importantly, know that it's okay to ask for help.
And if you've made it this far into this video,
means you still want to learn more on how to be successful in crypto.
This shows that you're willing to listen.
And that's great.
But are you willing to apply what you learn into your habits?
Step one, I want you to get on a set routine.
I want you to plan out every hour of your day,
what time you wake up,
what hours you study,
what hours you're doing TA,
what hours you're working,
everything!
The next thing I want you to do is write down your goals.
What do you want?
How are you going to get there?
And how do you plan to keep yourself accountable
when you do or don't achieve those goals?
I want you to write down a strategy and stick to it.
Are you trying to strategically accumulate and patiently wait for new all-time highs?
Are you trying to leverage trade $1,000 into $5,000?
This is very important.
A lot of people say they want to accumulate for years,
but then the chart pumps 10%,
they ask me if they should take profits.
My answer is,
if you made a plan before you opened this trade,
you would already know the answer.
This is why it's so important to keep a journal or even two journals.
One to plan and stick to your routine
and another one to keep track of every trade you make.
Before you make a trade,
I want you to evaluate how you're feeling on that particular day.
Did you lose your last trade?
I know I did.
Are you feeling antsy or upset?
Are you revenge trading?
This is all very important stuff
because you should never make trades when your emotions are getting the best of you.
And if you revenge trade and lose another time,
just know that nothing in this world is more important than your mental health.
Let me say that again.
There's nothing in this world more important than your mental health.
Don't take that part lightly.
Trading can drain you mentally and emotionally.
And it's imperative you stay on top of where you're at each day.
Think of doing this.
On Bitget, TradingView, Phemex and other places,
they have testnets where you can practice trading.
I can't stress how useful this is.
And this is why.
You can read every book ever written about skateboarding,
but until you go out there and put the hours in,
you'll never be Tony Hawk in a game of skateboarding.
I know I sound hypocritical here
because I just told you how much you have to study.
But hear me out.
You need to know what you're doing theoretically and in practice.
And trading on testnets is a great place to put those hours in before the stakes get raised.
Another fun thing to do is to trade with $100 and pretend you're trading with $1,0000,
or even $10,000.
This is a great way to do those mental gymnastics and get practice in
with just a little bit of skin in the game.
Now, if you made this far in the video and you do want to trade,
or you do want to try out $100,
make sure to check out Bitget.
This is the site where I do all my trading at right now.
And also check out all of our really great BitSquad indicators.
You can get those at BitLab Academy.
We've got links down in the description for both of those and many more
to help you with your trading game.
Here's the thing.
If you got into crypto at the end of last year or even during 2022,
sorry about your luck, but at least now you know how to handle a bad situation.
People are defined by how well they cope with adversity.
Legends are created or forgotten by how much pressure they can handle.
Pressure makes diamonds.
I know this bear market seems like it could never end,
and it's likely to get worse before it gets better.
Keep your eyes on the prize and never budge when the market tests your conviction.
Because that's what it's designed to do.
Take a look at these charts here from therationalroot and CoinDesk.
After every halving, we shoot up to the moon.
And after about a year and a half,
we're at the top and we begin to fall back down 64% at least after every halving.
We trade sideways for a little bit.
And eventually we start climbing back up the hill.
In the past, within a year before the halving, we pumped 385%, 142% and 17%.
We have just entered the new white box on the right.
And the next halving is going to be in March of 2024.
So we're only months away from being one year away from the halving.
In the past, exactly one year after the halving, we pumped 8,079%, 284% and 589%.
Top of the next bull run is projected to be sometime between September
and December of 2025.
Considering it's not even 2023,
step back, take a breath and note there's so much to be optimistic about.
Do you want to spend the next 15 months complaining about your bad luck?
Are you going to spend it building the rest of your life?
So what if you didn't get to buy Bitcoin $1,000 or even $100?
That doesn't mean you can't make a living in crypto.
That doesn't mean you can't put both feet into the game
and make life-changing money.
The way I see it, your journey in crypto, well, may be just getting started today.
That's all I got.
Be blessed.
BitBoy out.