CRYPTO TRADING BOOTCAMP - DAY 1
Goal: Understand what crypto is + set up and explore Binance.
Lesson 1: What is Cryptocurrency?
A. The Concept
Cryptocurrency is digital money that works without banks. It’s secure because it uses blockchain technology.
Think of blockchain as a digital notebook shared by thousands of computers. Every transaction is recorded and can’t be changed.
B. Popular Cryptocurrencies
1. Bitcoin (BTC) - The first and most valuable.
2. Ethereum (ETH) - Supports smart contracts (apps run on blockchain).
3. BNB (Binance Coin) - Native token of Binance.
4. USDT (Tether) - A stablecoin (always around $1) for trading easily.
C. What is Crypto Trading?
You buy low, sell high to make a profit.
You can trade in two main ways:
1. Spot Trading - Buy/sell actual crypto.
2. Futures Trading - Predict prices going up/down with leverage (risky but profitable once trained).
Practical Task #1
Visit any crypto insights plartgorm and look at:
Current price of BTC, ETH, and BNB.
24-hour percentage change.
Market cap.
> Your Job: Write these in your notes. Ask yourself: “Which one dropped in price today?” If it dropped, imagine buying it low and selling when it goes back up.
