Cryptocurrency Course From Scratch

Hello everyone, I am Lucas Dalto and I welcome the best course cryptocurrencies that you will find in YouTube the objective of this course is that You can leave here Knowing everything that you need to know about cryptocurrencies basic fundamentals fundamental analysis technical analysis in trading How to operate different types of cryptocurrencies everything what surrounds the crypto world and much more things they want to learn but seem very difficult and when they see it they say no I understand it and what I'm going to do is make it easy for them to understand because I know you want to learn about cryptocurrencies to invest in them or earn money to support you in a new type of financial asset or for projects or simply to acquire a new skill that will help you a lot in everything you make the biggest payment that I received in my life I received it in cryptocurrencies the most movements quick money is made through cryptocurrencies the fastest way to buying digital dollars is through cryptocurrencies the largest banks in the world governments leading companies are learning from this market to integrate it into your next technologies the world of finance is completely changing because of this so it is something that you do need know why I'm going to help you acquire not only a new skill personal but it will also help you in your life teachers I in the middle of the 20th century is just like knowing how to program, almost knowing English this course is for people who want to be increasingly fit for the market in the 21st century by the doubts I tell you, I researched on YouTube and There is no equal course, they are all we sell smoke and so that you stay Don't worry, I'm not one of those who give you a basic course to sell you another course advanced not those who know me ago They pretty much know that I have a channel main where I teach programming Soon we will be arriving at million and I have python html css courses Java scp sql visual studio code and many more courses and also on this channel secondary school I also have a course trading that is a very good complement This is where we focus mainly in technical analysis everything free was always free and always will be free to make it clear that the objective from this video it is not that you buy a course but that you leave here with everything you you need to know about cryptocurrencies not with half and then the other half pay it, not the objective is that come out with everything like I said 100% free As if that were not enough to put together this course I had the help of okx, which is a leading company in the world of Cryptocurrencies basically have a platform on which they move between 1000 and 2000 million dollars per day so having the technical support of a company as big as ukx gives me the happiness of being able to give peace of mind to you this course is good technically supported I consulted all and each of the things that are going to happen during the course and many other things So before I start I would like tell them what I do not intend with this course I do not intend for you to believe that you are going to earn $1,000 a day or make money easy that's impossible for now either I want you to think it's easy. It's not. easy I don't want you to believe that I have a master's degree or training academic in the stock market because it is not like that and now let's see what it is what I do want with this course I want them to learn the fundamentals of the cryptocurrencies you learn about fundamental analysis which is the section most important of the course everyone focus on the crypto buying part sell trading but the analysis part fundamental is the most important thing because technical analysis is more short term but when you are going to invest in a project the project has to have future has to be for a team supported you have to learn to do fundamental analysis of a project and This applies not only to the market cryptocurrencies for any market In this case we are going to see it applied to cryptocurrency market but this is the most important part of the course that they know What cryptocurrencies to mess with This is what more key we will also see plugins for technical analysis and technical analysis Let's learn to do basic operations with cryptocurrencies Let's learn from Market events and strategies obtaining tokens I intend that learn to recognize scams and avoid them and I am very interested that all mistakes that people make in this world you do not commit it for last to make it clear that this is not a investment recommendation but it is a theoretical and practical course for learn everything you need to know about cryptocurrencies that said we are going to start with the best trading course of everything YouTube just in case This is not the one microphone that I am going to use during the course stay calm Well, let's see first before we start. with the course we are going to do what we do in all courses from latest editions because as you already know I have so many courses and I do so much content on networks that I understood What it is the best way to do such a course so that the information is available to you feel in the best possible way to start What are cryptocurrencies AND how they work because I feel like we have to start conceptually by talking about This is because there are many people who talk and is very advanced in the world of cryptocurrencies but they don't know the basics So many times when we don't know the bases arise problems that derive that when we are at a level advanced they tell us concepts that It's hard to understand But because it's hard for them not understanding the basics then sometimes The attempt to rush something is expensive So you have to take the time to learn things as they are so Let's start with what are the cryptocurrencies cryptocurrencies definition are coins coins are money and being a kind of subconcept no there is no way that understand intrinsic value or how I don't use it to calculate it either. problems that solve nothing less How to operate it and let's not even talk about understanding your market if we don't know anything about of money so let's do this fundamental good and start from the base of the whole concept of money Money It is no longer like a tool created by us humans to facilitate the exchange of value this means that instead of each person having you produce what you need to live we can specialize in doing certain things and then exchange the result of our work for the others This is the essence of trade and money is that means that does it fluid let's go back to the beginnings of the civilization thousands of years ago imagine life in a small community where you are excellent at collecting apples and your neighbor is a fisherman expert if you wanted fish and you neighbor simply wanted an apple They exchanged an agreed amount of everything and both were satisfied This method of bartering depended on the coincidence of needs that is to say that both had parts that the other wanted at the right time now the barter had different complications example what happened if you needed fish but your neighbor didn't want it apples, your fish will rot or I put them better What happens if you have fish and you couldn't exchange it rots you and you lost all the value that had Then it was not durable either because there was no way for the goods maintain their value over time this and many more problems had to be resolved in some way to overcome these obstacles the communities that They began to innovate, they imagined a system in which instead of directly exchange goods and services could use something that everyone They will value this as an intermediary something It had to be rare and appreciated by everyone so that it would function as a measure common valuable items such as shells marine Pearls and later metals precious they began to use them as money precious metals in in particular they solved many of these problems that barter had and well of the first attempts at money because let's think about it, they were durable that is, they did not deteriorate with the time because they also lasted divided what it means that we could divide them into smaller parts and obviously they did not lose their value because Sometimes you divided an asset and lost the value in exchange these metals could be divided and maintained their value because They measured by their weight perhaps and most important they were uniform that is to say 1 gram of gold in one part of the world It was worth exactly the same as a gram of gold in the other part of the world and so on It is as good as gold and silver they became this standard not this one system obviously made it very easy that can be traded throughout the world now when international trade it started to grow when economies began to expand and Other problems arose there let's illustrate them well first let's talk about transportation move big quantities of these metals was good It was quite complicated not only weight was a problem but the risk associated with transporting something so valuable was quite considerable, that is, think about it this way the thieves and pirates were always lurking because they knew they could capture a only cargo because only one It meant making a fortune. This required that the people who moved This money would invest a lot security resources in escorts armed in fortified chests and in secret transport routes or protected or basically the cost of moving wealth from one place to another were huge after the subject of storage once the gold or money arrived at the destination or when They just weren't being used. They had to be stored safely this meant build or rent strong vaults pay guards and insure property against theft or damage secure storage was another layer of cost and complexity in the management of all this wealth not later we have the theme of the evaluation of Purity and weight each transaction represented its own challenge when you paid with gold or with silver the recipient not only had to weigh metals to determine their value but also had to evaluate Its purity is not equal all created gold alloys and impurities can reduce its value this meant that every part of the trade needed certain skill and tools scales require acids and other methods to testing metals these processes were slow and were often prone to disputes And that adds friction to the trade friction is like doubts what is clear is like that which prevents that progress is not as if this if I For example I am selling a service there is something that generates friction there is something that prevents us from moving forward with the sale well this whole set of problems created pressure to innovate, that is, it was or We innovate or we had to innovate find a better way to move it storing it there were many problems and the solution eventually came in the form of paper representing stored value safely somewhere else this eliminated the need to transport physically precious metals that were very expensive and greatly simplified the transactions I imagined a world where in instead of carrying heavy bags of gold and money to make large payments you were just carrying a piece of paper that he promised the person who had it above an equivalent value in metal beautiful this role was a commitment a promise that it could be exchanged for gold or silver in a reliable entity like a bank or a treasury government then was basically a paper that that paper was worth the same as the gold because that paper said what You have it there you can change it for this one amount of gold is spectacular then bu you didn't have to move the gold you moved the papers and ready So ​​that's when the bankers the entities important governments and others in actually the banks specifically banks started issuing this They kept your silver, your gold, your metals precious. Then the banks said Look, I have a lot of gold and of precious metals then instead of give you the gold instead of giving you the metal and make a mess we want a piece of paper that say hey you have all this gold ready well you take these pieces of paper and you have 1000 pieces of paper and each piece of paper means that you have eh I don't know a gold bar for example So when you want pay someone with a gold bar You give him the piece of paper and you already paid him with the gold ingot for example obviously they were around instead of being 1000 bills They were I don't know a million to be able to divide them well and make it divisible but That was the general concept. It was that. basically the banks said leave All your precious metals in my bank and in exchange for this I give you papers for each of the amounts of money that I protect in such a way that if you give it to another person this person can come to my bank show me this paper and I will be able to give you the amount of gold or corresponding precious metals This is Fiat money, Fiat money is a way for us to trust that the entity that issues those papers in In this case the banks really have the precious metals that back it What do these papers say and what do they give? people to exchange for others goods then basically people when you really want to get the gold He is going to look for it at the banks but to move for simple things you manage with little papers and those little papers They mean I have so much in the bank So if I have so much in the bank and I give this role to a person now I I don't have that anymore So I can't go to the bank and say Give me my gold because the role that gold represented no longer you have to tell someone else then now the other person can go to the bank and say Give me this gold It's simple bank had money kept money bank said look you have all this money I give you 1000 pieces of paper so you can stop it and this you give me the 1000 and I will give you all your money then instead of doing That's why I give a piece of paper to a person that person gave me a service bank and he takes out his paper then like this it worked but now let's go a step even higher imagine that you are living in a changing world faster than you can keep up Especially when it comes to technology yes I am talking about our world almost everything you know is gone transforming thanks to the internet and digital advances in fact already transformed now think about that money means you use to buy things save for the future or pay for services and I ask you what comes to mind well in your head logically you are going to realize that this money was taken in many ways barter came first then the coins and bills and now In the midst of the digital age we handle it as money or even as electronic money but here a new Innovation appears cryptocurrencies let's see what problem that cryptocurrencies solve see we can think of it as several several problems of the society that we have currently eh with problems we are going go see now but if we have to try to find what are the problems that solve the truth that is simply start analyzing the characteristics of traditional money and realize that really Cryptocurrencies could be a very good way to replace physical money as we know it now how is it possible that they are safe and many times I heard what hackers stole bitcoin or what Binance was hacked the most important company big of I don't know what or how it can be that I know for sure if I heard a thousand times what it is everything is a lie, everything is a scam, how can it be? Don't worry, we'll get to that because that has to do with something else They wash your head is something else That's it worry, those are different things That has to do with something else and not both with network security Cryptocurrencies are essentially money silver created for the digital world They are not physical coins or bills but secure codes stored on a network computers this network uses something called cryptography which is an advanced form mathematics and technology for ensure that money cannot be easily copied or stolen And just like that silver exists today this It has several characteristics, first the medium of exchange you can use them to buy or sell things obviously both online and in some cases in physical stores also serve as unit of account that is, they allow you as measure and compare the value of different things like for example if you were comparing how much two phones cost different one costs as much bitcoin another it costs so many bitcoins to compare and As a store of value you can save them and hope they maintain their value with the time just as you would with the bank or investing in stocks or gold etc. I know that cryptocurrencies are very volatile but not only bitcoin that is, you have usdt, you have usdc, you have busd you have a lot and these are stable coins or coins that are always kept one by one one with the dollar So nothing eh No no All cryptocurrencies are volatile and here are the revolutionaries of the cryptocurrencies which is basically How They take advantage of all their technology to build something better than that instant global and decentralized you can also save money like this so that only you can do it access without it being stolen because a thing is that you have a wallet that is online but there are ways to save cryptocurrencies whatever and it's not jokes literally impossible for it to be stolen OR there is no way it is more likely that hack bank I don't know from the United States Hong Kong bank to have your money stolen cryptocurrencies if you have them right saved because we have different types of wallet the col wallet those are things that we will see later but rest assured that if you crypto the They guard well There is no way they can lose the silver. So don't worry about it. sure it's fast it's global it's decentralized given no policies monetary Eh Like for example In other words, there are monetary policies but no no not centralized to the point that For example, silver can be issued like this like that I mean everything works the way different which is what I would like Let's see throughout the course and cryptocurrencies basically It is simply the natural evolution of money in our time That's all or basically it's an old solution to problems of traditional money and until the new problems that appear now all the time then what Let's see now now that already We understood what money is like and so on. I tried to explain what the cryptocurrencies but not not so in depth because I really want to dedicate a special section on cryptocurrencies which is what we are going to see now we finish to see what money really is is what we saw now what is money How money works now let's go to the next section which is what the cryptocurrencies What are cryptocurrencies Actually what we are going to see is cryptocurrency concepts because when We are talking about cryptocurrencies, you are not They understand or know nothing, even though they already Come on course you really don't know this nothing give the opportunity to what they I will explain now is the last one introductory section to the course penultimate Because later we will see what basic about rokers exchange and others But let's know well and understand now Yes cryptocurrencies and no I'm not going to make the classic mining example I don't know what, I'm not going to explain it like this I'm going to explain it well because I'm a great guy So let's go with the example and let's see cryptocurrency concepts the basics These are the bases necessary for everything you want learn so Come on Well let's see some Cryptocurrency concepts we are going to start with the simplest Decentralization is one of the main characteristics of the cryptocurrencies let's see it a bosen off Why and because I don't like anything bossen off i like to make edits simple this time I'm finally going to do it commission my editor So editor yes you're seeing this and it makes you happy because you have the super responsibility to make a super very good edition let's put normal money to the test it is issued and regulated by governments and well central banks this means which are centralized currencies because They decide how much to print How distribute it regulate its use within the economy and several other things But the Most cryptocurrencies operate in a decentralized computer network across the world now what a joke means This good This Sign means that there is no central authority that controls the currency or now we are going to see how a system is possible that without there is a Central Bank that takes decisions this may be so that is to say that everything can work perfectly without anyone making decisions as such but let's just stay with each other its advantages which are greater freedom economic inflation protection caused by monetary policies of countries or banks not existing central entity that controls the cryptocurrencies reduce the risk of suffering manipulations that are different from what which is a market manipulation that that's something else, forget about that, don't Let's see and there is no censorship or intervention of several things, that is, all Those things are key. This makes it everything more transparent and secure why because this is defined is basically When we work with blockchain eh what is a technology that is behind bitcoin eh when we work with cryptocurrencies cryptocurrencies to work and do transactions and do many of the things they do have something called smart contracts that already have predefined rules, that is, you know how is going to make the transaction, it is known knows everything there is to know knows and that is transparent that is why it is That's why it's safe because being all programmed with Eh well I'm not going to get so technical but it's programmed in a way in which everything is predefined then they are things that are not we have to worry because we know that is transparent and safe good and Also at a financial level, most of countries have a grey area as regards to the topic of cryptos So also they can launder money out there noada It is a sordum joke is a joke not you They are not going to evade tax, they are going to pay Like every good citizen and also It also allows us to send you money to people from other countries and that no one break eggs easier and simpler and cleaner really is the best What can we do now because Hackers use cryptocurrencies simply because no one [ __ ] with you no one breaks your balls That's why hacks are by crypto and others Why Because someone hack and tell you mame silver for crypto and those things are seen because as it is complicated now let's see well the features but as in many cases there is a lot of anonymity and in many cases it is like it is very simple or it is very simple to stay anonymous while that a bank will have to comply with 30,000 crypto regulations is more easy is freer is It is simpler and that's why the garkas don't leave for anything crypto but it's not that crypto is garkas but because it is easier and not having no one to chase you is easier take it to crypto I don't know if it's understandable That's why all the robberies appear We will see later what is happening when they hack you and so on But I want that we understand the fundamentals well first of what is the decentralization because there are many characteristics of cryptocurrencies and Now we are seeing only one of those are decentralization but To begin to understand all this I want let's ask ourselves a very simple question that everything else is built on how is it possible for a system to work decentralized good This is due to the blockchain technology Okay and basically all the answers We find in blockchain everything is more the most difficult concept to understand when we talk about centralization it is this blockchain technology is what it costs more when we start working the concept of blockchain and how It works and all that but thanks to me great way of thinking and terrible explanation that I put together, I'm going to give it to you explain in an incredible way why that's what my courses are about learn redif things in a way super easy so I created an analogy so that later when I explain it to them understand it better because the brain learn first by associations So when you understand how It works with a metaphor when they explain the concept they will understand it very easy you will see I swear yes there is something that you have never seen in your life Did you listen if I explained it to you at once? It will be difficult for them to process it but yes First I tell you a story that make sense When you see reality they will understand so let's get to it explanation in an ancient city Once a magic book appeared that It contained all the secrets of the city This book is not a normal book but which is a magical book in which each time a new secret is detected in the city that secret becomes a mathematical problem and the only way to know the secret to be able to add it the book is to solve this problem mathematician this mathematical problem for In order to be resolved, it is sent to the verifiers verifiers are expert mathematicians who are responsible for solve these math problems to see the secret he has inside each verifier has a copy exact from the original book and has two things to do the first is what already we said is to use your skills mathematics to solve the problem that surrounds the secret and being able to read the secret and the second is good to verify May the secrets reach the book be true to be able to write them in the original book in fact every time a secret is added to the book original this secret appears automatically in all copies of the verifiers and not only that but that every secret brings with it a fortune every time the secret appears and is added to the original book is released the fortune of that secret that fortune It will be for the verifier who has managed to solve the mathematical problem and decipher it in order to obtain the secret and as well as the verifiers They work depending on how good they are are to solve mathematical problems to increase your chances of win the prize but that's your job they work to solve problems mathematicians and verify that the secrets hidden are real from there they get their I love it because most of you you will have understood more or less what is try and you will have understood it perfectly I just created a story and a story and surely they understood and They understood the meaning perfectly and They say Oh look and it entertained them and everything Well, that's how blockchain works. literally that's how it works but here more questions arise let's not go to the history let's go back to the story what's going on if they try to do fraud if one of the verifiers lie or try to do fraud or something what's going on I don't know why example solves the mathematical problem but lies with the secret What happens to understand that detail, let's do a quick review there is a book of sec secrets in the city every checker has an exact copy of the book every time there is a new secret that secret gets involved in a mathematical problem that problem is sent to all verifiers and the one who first solve get what is the secret now you are getting the reward there no more no because not all the secrets can enter the book so that a secret into the book Most of the verifiers must agree on That secret is real now how do you do it? You can verify by simply asking the checker how did you solve that mathematical problem the verifier gives the solution and they just do it they test they test if the solution is correct and if the majority verifies that the solution is correct means that well the secret is true and can register in the book and that's when has the reward for what suddenly if a verifier solves the math problem but lie with it secret most verifiers you will realize when they try to use your solution that the secret you said no It is reality. In other words, it is not true. secret that he said is another that's when the majority will be against So The verifier is not going to take the prize because the secret is going to be rejected by the community verifiers as we do not know if the secret is true, false and not We understand very well how the secret leaves like some kind of room waiting for you don't know the god of the secrets reconfirm back the secret and once it is confirmed gets involved in a problem again mathematician and it is sent again to everyone verifiers to approve go back and solve the problem and do the whole process back not to form part of the book now let's go back a a little bit back, this is not common It is common for the verifier to be honest and tell what is the real secret What you discovered when solving the problem mathematician so that when all verifiers are going to check it successfully verified and registered in the book of secrets Once you recorded in the book and that new secret appears in the copy of all verifiers there the verifier that solved the math problem gets your reward this process is done for the 900 secrets there are per day and this is how verifiers go getting your profits well that's it How blockchain works I just told you explain how a decentralized system can work without any problem there is not one there is not an entity to say this is like this this is like this a decentralized system composed of a Lots of verifiers make everything that book and all those secrets can run flow in the city continue having his book of secrets that in This case refers to the book of blockchain that records all transactions let's look at it again let's take it to real life that is to say let me explain to you now how it works blockchain on a computer network there is a system called blockchain designed to record information so that it cannot be altered without the consensus of the majority this system It is public and each participant has a complete copy of all records from the beginning the main purpose of the blockchain is to ensure the integrity and truthfulness of the information it contains which includes mainly financial transactions to Add new information to the blockchain has to be verified and validated by a mathematical process complex the participants who perform This verification are known as the miners this these are the famous ones bitcoin miners miners cryptocurrencies are those are those verifiers they operate under the proof of work or proof mechanism of work or they can also be validators in the case of blockchains that operate under the testing mechanism participation or proof of stake when generates a new transaction and you want Add that transaction to the blockchain gets involved in a mathematical problem that miners or validators must solve the solution of this problem requires computational work intensive in the case of the test job to a selection based on proportion of cryptocurrencies that the validator is willing to put in game in the test case participation In short, there are two different ways of being like verifiers no huh while one puts your computer equipment and the leaves another basically has to bet Cryptocurrencies are basically like something They are not like that but the objective is the same is that they verify the transactions as let them do their job once the miner or validator solves the problem presents the solution to the rest from the network for verification if the majority agrees that the solution is correct the new one transaction is added to a block together with other transactions this block is cryptographically connects to the previous block forming a chain of blocks or blockchain this would be the same as the book not every book every secret add the good book This is the same each each transaction is added a block and when everyone approves that block is sent the blain block no that It is a blockchain now for its work on solving the problem and facilitate verification of transactions the miner or the validator receive a reward that reward consists of new units of the cryptocurrency associated with blockchain and possibly transaction fees included in the Then block blockchain therefore works as that digital accounting book that is immutable that records transactions securely transparent and decentralized without the need for a central authority that switzerland was worth the transactions So it is very interesting because basically I For example, if I send a transaction I want to make a payment to Pepito. What's going on? that is encrypted, everything is saved lots of data blah blah blah and it is sent to a network that is the network of these people who sends the transactions that are decentralized no Then I am paying a commission when I make a I send a minimum commission I am paying So in that shipment all the people verifies and the first one who manages to solve the mathematical problem of shipping that I I did get enough for you everyone checks it and confirms that it is a real transaction and when everyone They confirmed it, they charge the commission between all or the one who solved it charges the commission and arrives at its destination and so on So it's incredible because there is a unalterable record and a secure way to make transactions and we do not depend from a Central Bank or from intermediaries It's amazing now let's go learning more about blockchain with advance of time but now only I was interested in them understanding how Does this decentralized system work? to work with cryptocurrencies this is important for concepts that we are going to see later now there is also the issue of control of the new units How to control this creation of coins and all that good nothing these are also all mathematical calculations for example in the case of bitcoin eh let's go to create 21 million units and everything It is made so that more or less in a I don't know if there are 100 years left they still believe the coins remaining So that generates scarcity we know that there will be 21 million coins in total and there will not be more and That's what they're going to have to fight for. among all those who are driving bitcoin So this creates scarcity It has its advantages, but when creates the network when you work with it and When cryptocurrencies are created organizations that create them Can say there will be so many coins This is going to It's going to be like this This is going to be like this and that's good This is the interesting thing about crypto, not how which are different rules and there are different projects and all Open source or most things then it's magic another of the big questions is bcoin It's really anonymous and how it works privacy issue Although all Transactions are recorded in the blockchain people's identities of users are usually anonymous are protected as by pseudonyms or wallet addresses that I like they cover up that name and this is clearly spectacular because it offers you privacy Now if, for example, Pepito has one wallet in I don't know okx okay Yes that one transaction was made by that wallet and I I ask Ok Ok x you know eh If any yes one of your users has this and Okay it's going to say yes eh this wallet is mine and I gave it to this user who is using my service then you know what The broker they are using is okex example Then okex is going to happen information to the police that user is doing illegal things Pass the name you enter and so it is Go in and there are a lot of engineering courses reverses to access Then no It ends up being anonymous but let's see if You are not doing anything illegal, the police you won't have to ask your wallet information to none company then don't worry too unlike financial systems conventional where transactions can be easily associated with personal identities and be tracked by banks and governments the use of wallet addresses in cryptocurrencies have like a layer of additional privacy users can make transactions without revealing your real identity or the opposite parties or not to the public and also the issue of anonymity Although the basic concept of anonymity and privacy is common in the cryptocurrency space the degree in that these features are implemented varies depending on which cryptocurrency not for example bitcoin offers a basic level of anonymity but with advanced blockchain analytics possible to discourage transactions in certain cases not as there are different types of cryptocurrency coins and each one has as different objectives the the organizations behind those cryptocurrencies sometimes say well look at this cryptocurrency it's going to be more energy efficient then the la way in which they are going to work our blockchain is going to be very different eh I don't know also for example eh We're going to make it more private Also, for example, we are going to make the commission is lowered Then as the different cryptocurrency projects many of the things they propose too in addition to being associated with a company or something They propose Eh well let's change this or we create this technology or we create this protocol or we are a fund of investment in artificial intelligence and they create their own token to be able to have your digital asset not your crypto asset So in summary blockchain what is the technology behind most cryptocurrencies are not the most of all cryptocurrencies has as This balance between transparency and privacy which is excellent why because all transactions are public and can be verified and in turn protects people who own those transactions are incredible another thing is that you only need access to internet that is to use cryptocurrencies all you need is access to internet no need to have an account banking nothing is necessary which is an advantage that is very important for people I don't know are in places where access to banking services is limited or non-existent then This also democratizes access to financial services and allows many people can participate in a possible global economy Think about it this way In other words, by offering services financial resources accessible through internet cryptocurrencies have the potential to increase inclusion financial world-wide, that is, even We have that Plus, not accessibility universal financial system and how it is promoted is powered by a simple connection to internet That's all another thing is the issue of divisibility they saw that I said that the possibility of a value an asset be a means of payment or something that counts as money that can be divided This is perfectly possible in bitcoin that is, it can be divided perfectly not only in bitcoin in all crypto In general you can divide a lot for example in bitcoin we have what They would be the bitcoins, which is the unit that is one bitcoin and one bitcoin can be divided by up to 100 millions of smaller parts each It is known as a satoshi this is why its Creator called satoshi nakamoto who made a video about whether satoshi nakamoto is Steve Shops if you want to go see it go to see it because it is interesting to me answer is no clearly no but it is it is an interesting video and it is entertaining So if you want entertainment look at it hey there I'm talking about satoshi Les I explain Who is nothing can be a organization or a person no one knows the bitcoin creator is anonymous but oh well We'll see later, no, that's not it. Let's go further, we are not interested in this course the high divisibility also constitutes flexibility andcryptocurrency accessibility allowing users to perform very precise transactions. For example if anyone needs to send an amount very specific money that includes fractions of unit cryptocurrencies they make it very possible not in a way that many traditional currencies cannot equal due to its lower divisibility that is, we can send 10 bitcoin as we can send 0,000 a bitcoin and it is possible if can do that then it is very divisible eh cryptocurrencies are very divisible and also the issue of property Because when we have a cryptocurrency we have full control of our cryptocurrency On the other hand, when For example, we have money in the bank. We don't have that money has the bank passed with the bank there a playpen you screwed up the cryptocurrency no Unless you have it in I don't know one wallet on the internet but that is, if the you have binance and bance you screwed up but There are ways to have cryptocurrencies in one own wallet that we are going to see in the next section which is the last introduction section and then let's go to start with the Hardcore part of the course now we are simply watching concepts reviewing and updating to everyone so that more or less let's all be at the same level knowledge and we can do a good job course but basically there are wallets that They are uh we disconnect them from the internet if there are wallets that are not connected to internet are not connected to Bluetooth or anything like that, no one can access them Nobody can hack them because they we have saved in a little box in a put the drawer in and it can be stored cryptocurrencies in a drawer on a pendrive If we want, I mean, we'll see more about it. go ahead but they are completely ours and it is possible to make them ours we have the private key, for example, which is a form of cryptographic password that is extremely safe and unique we do not have also uh full access to the transactions are very secure private key But I want this Let's see in the wallets section So We're not going to go too deep into that. now but know that this is very safe In other words, the security is very high and as I told you other characteristics that many cryptocurrencies have limited supply not like for example bitcoin or whatever bitcoin is usually cited as just to do just like the most example prominent of a crypto with offer limited the total amount of bitcoins that can exist is 21 million this programmed shortage is a characteristic key that differentiates bitcoin and others fiat currencies cryptocurrencies traditional which well can be printed in large quantities by governments and central banks leading to inflation when you set a maximum bid Cryptocurrencies seek to emulate scarcity inherent resources in the world physical as well as resources such as gold for example that are valued at part due to its limited availability So if bitcoin for example if it were not so volatile we can keep as a reserve of value It is also still a very good option because for me this bitcoin thing is not It's a bubble for nothing and it's not going to stop growing and we all know that bitcoin is going to reach 100,000 and is going to happen and when it comes they will say dato I knew that is me when bitcoin It reached 7,000 I told you this people go for long in 2019 it will not reach 100,000 in but they will see that from to little is going to go up and everything tends to that at one point there will be mass adoption and bitcoin is going to be worth 100,000 and thereabouts it goes down there it falls but it is a fact that it goes we're not going to have everyone cryptocurrencies, that is, it is something that in a future everyone is going to have cryptocurrencies because it is something that stops mass consumption, that is, it responds to a a lot throughout the course you will see That's what you're going to see that the world of Cryptocurrencies respond to a lot of problems that you do not see or that you do not They are understanding but they listen so much to the smoke sellers who sell you crypto courses and that they are scammers and about the nft I don't know what And there is so much smoke in the subject that clouds them and does not allow them see the potential that the cryptocurrencies eventually to convert the entire financial industry What are you going to do because everything evolution naturally points to that crypto is money then adapting to that is going to be a requirement key I'm telling you today I said in 2018 and I'm going to tell you also later and I'll follow now saying well almost almost that 2025 now because I don't know when I'm going to upload this course but because of how the time, that is, bitcoin is going to reach 100,000 that is a fact and it will have mass adoption I don't know if bitcoin is going to be massively adopted when it arrives the moment of mass adoption of the crypto but yes crypto is something that we have to know and get involved so that when the global financial system works this way having rocked the banks or the banks having adapted to blockchain that many already banks adapt to blockchain and now We will also see it later, it is something which is a requirement So for now a investment in bitcoin is interesting long term In addition to the fact that there is not as much volatility as before that there I was going from 60 to 30 and from 30 to 100 and now there are much more stability because more serious institutions I don't know Google banks eh I don't know governments like the one Salvador invests in bitcoin and leaves their reservations and they have reservations So having so much volume operated by entities that remain stable do not There will be so much market volatility But hey, we'll get to that point. I mean that everything tends to have mass adoption that is, the next step is The first massive option is that it is given to know as emerging technology then you try to adapt, then there is problems now we are suffering thousands of problems that most of them are already being resolved What does it mean that the The next step is now, which is the mass adoption So for me what What's coming now is mass adoption and there I don't know if bitcoin is going to be the number one cryptocurrency in the future But at least having so much worldwide recognition there is much probability that it is the coin defect with which a mass option and then we will move on to another we don't know which one and possibly not be tirim neither yota nor Ada Possibly be it to one another that I find I don't know many solutions to something of the global warming, that is, the use of energy to mine and so on, but nothing These are things that if you don't understand what I mean I am speaking calmly because at throughout the course we are going to talk I want that they really understand everything about the crypto So you can see when to invest How not to invest what projects there are How make how to move that they use them in their everyday life how I use them I use them use for to receive payments to do trading I use them for many things So I want you to involve them in your everyday life that's why we are seeing all this about concepts and for finish this this this mini section of cryptocurrency concepts too I want to talk about two two concepts that we have the stable coins and the e altcoins bitcoin is the currency for defect differs from all the others for being the first and the almost adopted one that massively the best known and the one that more market capitalization it has So bitcoin is a very case In particular, all cryptocurrencies are They move with bitcoin basically But All currencies other than bitcoin are They call altcoins, that is, we can talk about bitcoin or we can talk about altcoins altcoins are all currencies that They are not eh bitcoins okay we have inside from altcoins to stable coins meme coins shitcoins are different now to the many of the meme coins shitcoins basically say within the altcoins we have the stable coins that stable coins are eh coins they are going to be trying equalize the dollar one to one for example USDT are not dollars, they are cryptocurrencies. A cryptocurrency is called teter is usd teter teter is the Organization that is behind this cryptocurrency and is worth one to one is to say there is a way to do it reserve tests, let's see about this later because economic theory eh or financial behind teter is quite strong so I'm not going to go deep but I want you to know that one usdt is worth or or will be the most Approximate to or can be worth a Us can worth 1.0001 or 0.9 but basically an Us is a dó When you go to a broker and tell him Give me a dollar, he'll tell you. Give me a usdt. That is to say, I will give you 1000 USD, well, give me 000 and more or less it works like this okay taking out the commissions more or less It works like this then the stable coins They are stable coins that are maintained tied to a value, for example you have the of the euro and there may be a cryptocurrency that will always be worth one euro per example and then We also have the meme coins or shitcoins As for example doge which are coins without any type of technology that supports them They have a foundation, they were simply created like memes and work like memes are purely speculative people do not invest because you trust the project but people invest because because It's a meme and that's how people lose fortune Like for example with dog eh keilo moscow grab and say dog ​​makes a tweet that says Doh Doh Ups and everyone goes and buys two So what's up is a meme Coin la They simply lower it, they manipulate it, then it is a cryptocurrency that is a meme because in reality it doesn't really have as a foundation behind but it is a meme and then they have the shitcoins that They are not meme coins but rather they are shitcoin which are false projects that do not have no kind of sense that simply They also use them for speculative purposes but some are shitty cryptocurrencies shitcoins shitcoins and others are mem Coin are coins based on meme Almost the same thing, a shitcoin and a meme Coin is almost the same Only the meme Coin is a meme and shitcoin are like [ __ ] coins with no real value without no type of contribution or value significant without intrinsic value Genuine then they are shitcoin basically more or less These are the characteristics of cryptocurrencies Now let's look at the last section of the three introductory sections to the cryptocurrencies that we have and we are going to see Now what are the wallets, the Brokers? and the exchanges, which are three things different one thing is a wallet another one thing is a broker another thing is a exchange but many people don't even knows how to define them so let's see now how does this work and with this We close this introductory section and let's get to the hardcore part Well now that we understand more or except how all this stuff works cryptocurrencies that are the fundamentals basics of money as such what we are about to want to do It is good to have our own cryptocurrencies Although Well yes okay This is not something you need to do It is something completely logical, it is like the next step in the most basic of the most basic check my own crypto Even if you don't want to do it, I repeat it is completely necessary for us to know three concepts that are the ones we use not at all acquire cryptocurrencies keep them do different types of operations that is B amente what we need to move anywhere sense in the crypto world Then These three concepts are wallets Brokers and exchang are the three concepts that many times they are confused, good for start let's go with the simplest of all wallets basically act as a bridge between us and our cryptocurrencies That's all the wet allow us to do this not that we can send crypto that we can receive cryptos and also save them do those three things we sent to someone else we can receive them and we keep them we store or as is done in many holdear cases we have different types of wallets the first are the wallets software are basically programs that we install or on devices As per For example, a computer or cell phone that They just have software for this, right? to store these cryptocurrencies wet software comes in three ways we have desktop we have mobile and we have online let's now see these three subcategories, the first is the desktop wallets is precisely They are applications that are downloaded and installed on a computer not on a device that is precisely of desktop a computer a laptop This is exactly what is most common when one needs to have a cryptocurrency or a set of cryptocurrencies outside the network and have a secure device at that can say save the cryptocurrencies because you need it then we also had the same thing and another way which is for example the Mobile wallets that are exactly what same have the same use Okay let's see some examples but actually I think that you should already know, we have electrum for example and exodus these two They are like for desktop if we don't have the famous Trust wallet that is actually like the wallet as the official binance one Binance bought it a couple of years ago and eh it's like it's from binance it's not the one use binance eye It's different But it's it's from binance and there is also coinomi that is they are the same they are the same type in They are actually mobile or desktop They seem or are very similar in regarding its characteristics but basically the goal of this is that If we have it on our computer it is more to store it to save it or to manage it in an environment work while if we have it in a mobile device is usually more example to make payments in stores physics to transfer them to our friend or someone else for further mobility fast So the Mobile is like something of a greater flow the computer is something I eat more more calmer More stable and then we have the last one which is the online that this does differ from the two Because although in the first case we have the power of our scripto that is to say when we for For example, we save it in a wallet desktop is a program that we get down on our desk that can not be connected to the internet but we are we the owners of our own cryptocurrencies both on our cell phone like on our computer instead when we work with a online wallet is a wallet that software is in the cloud or we we do not have direct access to our our cryptocurrencies but yes we we can connect from our computer from our cell phone from a tablet from the television Yes we want why because it is a platform that is connected to the internet and that platform is the one that stores our cryptocurrencies have example blockchain.com another very common one is metamask eh They can also be web No that is precisely a metamask example I think metamask is one of the most known and it is a web wallet that I do not I genuinely recommend it, not it. I recommend that after we have the wallets of Hardware that for me are the most safe or even more than Previously, basically the wallets of What hardware does is maintain the private keys okay cryptocurrencies offline Hardware wallets are secure. is how they ensure that the private keys are offline it is understood the websites of software could be or it could be that yes or it may be that it does not depend on the are downloaded depends on what they use but the hardware ones are yes or yes offline with your private keys we we have two types of keys we have the public key and private key public key is the one that everyone can see while the private key It's like that if they access that they have your cryptocurrencies the public key is like that address let's actually say the address is to grab the public key and do a couple more things with her so that she stays prettier more aesthetics and so on but the public key somehow to put it very simply It's like that key that we have to everyone can see it and it doesn't happen nothing If they see it it's like no problem as long as they don't have the private key which is like that password that in together with that public key they can move and shift cryptocurrencies to wherever you want then well let's go laying bases then we have the webs of paper that are rare but strangely They use a lot and are quite functional what are the wales of paper that It's literally a piece of paper that are registered in which they are register the private keys and public Although the concept as a good I say it is very simple and it is literally that I swear these wallets are very secure. counterattacks Why And because they don't have internet connection would not be medium I miss a paper connected to the internet but here we have the problem that they are as susceptible to physical attacks or either it gets wet, you screwed up because you have a bitcoin there on that paper gets wet you [ __ ] if it sets you on fire you [ __ ] here There are no brands like the webs of software or something like that but you do have a lots of services that can allow downloading them or basically you have your cryptocurrency, save it in a paper and that's it, there you have it bitcoin paper wallet that basically allows you to generate a bitcoin key that then they print they have the wallet generator.net have mayet wallet O meu miw meu I think it's meu and let's see that one in It is actually better known as a wallet etherium or also rs20 tokens that already I explained in a video that I also did it Let's see later if you want They can suck the video. If not, the same we will see in this course but basically it's not known for that but It also allows you to print cryptos on paper now how to create a wallet of paper Because yes The other thing is already easy we download a program either in desktop in Mobile And we have a desktop software wallet or Mobile we want to download a program web for example we can use metamask AND We have the other type of wallet which is an online wallet or in this case a wallet web we want a wallet Hardware and we already know that we can store on a physical device or whatever but it will be disconnected of the internet, which certainly does not I mentioned we have e kipke appear famous ledger no ledger Nano s ledger Nano x trer model TR One There are a lot Okay but that's basically what they are devices that store your webs but then there is the other one that is the one with the paper Okay, the one with the paper, how does it work? we do because the only process that What interests me is the one on paper Because it is more weird not basically to generate a paper key is usually recommended disconnect device from internet that as a good entry And also It's good that the printer is not connected to a network that's like good practices Nothing normally happens but It is good practice to disconnect it Because if someone tells you to do something bad I could do it and nothing there it is printed, it is just that prints is like making the transfer is like basically I I transferred my cryptos from somewhere to another But that other place does not exist but it is simply a paper with all that data because don't forget that cryptocurrencies are simply data Okay it's just data then instead of passing that data to a physical cryptocurrency or a program that hosts it we download it to something that has a paper that paper is downloaded and the Software that was inside like that disappears or something is deleted so we could say then the paper remains with all the data if you want to use it just those data you can then use to rewrite the words in quotes as that you recharge them and you can use that that same data to send cryptocurrencies to wherever you want then you have the data on your paper and with that data you you have the public key on paper and the private key then you can do shipments and use back to your cryptocurrencies are now useless for you paper once you use it you have it left useless now how does one work as such wallet because once we understand how a wallet works let's understand More things a wallet generates a cryptographic key pair a key public and a private key This is well we already know a public key private key the public key is like for example your email address email you share it for example to be able to receive messages or in this cryptocurrency case that is to say it doesn't matter yes someone has it but notice that with that with which you later access your email no but it's your way it's what everyone can see as your username Instagram for example is it is your password public and the private key would be like the password for your Instagram or password for your email the private key is the password then with the key public that everyone can see nothing happens and with the private key it is what's missing to access your Cryptocurrencies are now understood as This works at a security level well wallet security just right It depends on this, not on the type of wallet. well And it also really depends on how private keys are handled But well let's see this well start it with advice are necessary always keep software updated it doesn't matter if they use a physical online wallet whatever the software always has to be updated later when you use Hardware wallets are whenever they want that the risk becomes automatically at zero or tend to Okay zero and large are used amounts of cryptocurrencies Why And because if you have $ you are not going to spend it 200 in a physical hardware wallet to store $1 it cost you, that is, yes If you had lost the $, it would have cost you more. Cheaper than stupid hardware or whatever you lost 20,000 because instead of losing 100 you lost 200 The calculation is simple then obviously the wallets are Hardware must be only for gigantic quantities that I in reality at the investment level practically except very few exceptions I recommend that you use wes de Hardware because usually nowadays It's all staking So why example they use earn and it is like having a a fixed term in dollars but not in dollars but for example in USDT and They generate good returns, that is, Sometimes it can be 15% per year 20% per year 40 for some days and normal or between 5 and 7 8% between 5 and 8 more or less So eh It's a very good one investment because it is also flexible No is that it is in a fixed term but that it is a flexible investment and still with compound interest because you can reinvest that amount But well nothing I'm not going to talk about that. That's it. We will see later and they are different. types of formulas or things that we can do with crypto but if they are disconnected from the internet we cannot do it do because there are no services that provide those financial instruments not that the exchanges provide us with, for example or some Brokers Then we will do nothing shortly after, at a security level, many wallets give you the option to have recovery phrases is basically a set of words that in case lose your wallet you can access your bitcoin only with that set of words then that is also a chance and is actually used quite a bit now The question they are going to ask is How They choose the wallet because we are going to see everything but to start How they choose a wallet buo that's what I tell them It said for daily use, that is, to use it. Every day if you are not going to trade if they are not going to operate if they are not going to do financial instruments only they want their cryptocurrencies and leave them there and stay calm well precisely can use a Mobile wallet because They are going to scroll all the time but without trading for example without invest or anything for large amounts with zeroing as much as possible Hardware is normally used and for accessibility from anywhere faster the simplest is not the most sure but almost nothing ever happens it's a wallet online Okay Like for example the that could offer you a exchange broker like I don't know Ok x example binance Ok x eh bitgate etc more Let's go ahead and see which one would be the best. option e But the reality is that I What I pray is that because I have had wallets in Hardware I have had eh only as a test wallets paper eh but the most comfortable the most practical for people who are in the world of cryptocurrencies is nothing operate them move them do things with them we don't want to keep them under the bed and let them rot like dollars they could Pablo esobar we don't want that norment one wants to move them do investments with that pay things then have them in a hardware wallet no no It is always the best option have them in metamask-type wallets That's why it's not always better to have it either. in an account that allows you with the money you have there pay send it to other people without so much trouble or low commissions eh make investments different type So nothing That already We will see over time but I particularly the majority of sometimes in fact what I do today is have it in wallets on exchange or in Brokers now I just need you to understand wallets and brokers Sorry to understand Brokers and exchange What are the other two concepts we have? what to see because we already understood that the wallet is that's anything that we allows storing a cryptocurrency receive it and keep it that only have those functionalities Okay let's see an example Ready That's it I used one wallet I sold a refrigerator and got paid usdt usdt which is a cryptocurrency that is one to one with the dollar and now I have a problem how do I convert those teter dollar that is, those usdt in dollars really in dollar Cash how I convert is more How can I convert those udt to Argentine pesos to pesos Mexicans or legal tender from my country how can I do it Good in at this point the wallets alone They have limitations because the wallets they do not do they do not provide the service conversion they cannot convert you in one cryptocurrency to another cannot make of euros you have dollars they can't make USDT have pesos Argentine pesos Mexican dollars no they do that okay and we only wet them they store you give me I don't know a beer I'll store it for you but I won't change it beer for a wine no Or that is that go look for it with someone else because I will keep your cryptocurrencies and give them to you I keep you want to change them for others cryptocurrencies you want to do other things I no longer give it to you, I send it to you Wherever you tell me to send another person and have another person change them for you I only keep them for you, I receive you I keep the cryptocurrencies for you and I send them to whoever you want. That's the wallet function but this is when The Brokers and the change that both provide this service not to be able to do this exchange of one currency to another cryptocurrency to another good And also Also here is a small difference And in many cases, that is, one usually provide more services one also gives you investment instruments eh usually give for example so that you do investments In allows you to do everything staking theme allows you to work with It allows you to do everything, everything and Although this seems super basic, yes you right now go to a Trader Those who make themselves the experts that they are geniuses who sell you trading courses I don't know what and they ask him to do this test What is the difference Excuse my ignorance eh But what's the difference between a broker and an exchange and it does not Most of them will be able to answer traders will not know how to answer because most of those who sell you courses are all selling smoke because the most people are strange. Let's see no no I don't want to prejudge that, but I say that the most of those three that sell you smoke If you go and tell him what is the difference between a work and an exchange being something so basic so simple and the basis of everything very few will know you respond and bend gum to respond to you well at least he trained a little But it's like a good filter too. from the outset because if you don't know something like that then how are you going to be selling a course of something so complex is something simple very basic Brokers and exchange Let's give an example, suppose that you have a bitcoin say Che me me they paid a bitcoin and this bitcoin now I want to convert it into dollars or Argentine pesos or in my earnings or I want to convert into a currency that I can use Okay that's what I want to do I want to exchange money for other money what I want to do I need to do it how can I do it Well here they appear Brokers and exchanges and each one It works differently just They both have the objective of solving this problem not in the case of the broker The broker acts as a kind of daily intermedi where you give the money and he goes to the market and buys you or sells you the cryptocurrencies when I decided exchange your bitcoin to ethereum for example usdt dollars argentine pesos Mexican pesos or whatever you want broker tells you I'm going to give you this amount of etherium us dollars or whatever what you want for your bitcoin is to say this It's what I'm going to give you in exchange for your bitcoin this price is normally the market value of an asset that assets in this case are the coins For example, if a bitcoin is worth 100,000 asset value is 100,000 But also the broker adds a margin or a spread that is carried with as profit for giving you the service that final value is what you are paying now for another On the other hand, we have the exchanges, which is another way to exchange my bitcoin for another currency but in my case I want convert it to another currency To usdt what What happens in this case is the exchange They tell you Look, give me your bitcoin and tell me A How much do you want to sell it? Then the exchange holds your bitcoin in the big exchange like Ok x Al having so many people buying and selling is easy to find someone to buy it from you bitcoin this happens as follows way a person says I want to buy bitcoin okay And that person says Okay I want to buy bitcoin at that price So if the values ​​match okx automatically detects that a person want to exchange your usdt for bitcoins at an estimated value and another person want to exchange your bitcoin for usdt at the same estimated value then the platform automatically executes the order and now everyone has what requested this method is the cheapest and fact it is the most common in the world we We trade with exchanges No necessarily with the Brokers although Brokers are called Brokers as such in reality When we trade normally or when we invest in cryptocurrencies and others, one usually does it through an exchange but it's good that it is known that they are two services different one is a broker and another is a exchange one, you give him the money and he goes to the market and another simply a platform that says Okay, but they want buy all of you agreement between you and when both things match, boom, the purchase is made and the sale I only give them the platform I give them the platform and and I create an algorithm when they match its values ​​is automatically made the match So there are no commissions basically because you decide how much to sell it in exchange the broker He says Okay, the bitcoin is worth 1000. Okay. I charge 100 Okay you accept it Ready That's it sold then That's the difference broker goes straight to the market While that the exchange gives you a platform so that you can negotiate with other users It's like a kind of internal market Normally the exchanges come with other bigger systems like For example, Brokers, wallets, etc. and there comes the magic not because most of those who call themselves Brokers are actually exchanges that in In reality they already have integrated Brokers They have the wallet service integrated They have integrated the service of financial instruments have integrated a service so that you become ft they have all those things already integrated then if you have one platform that is an exchange is not easy to make an exchange So when You have a platform with so much quantity of users interacting with each other is because you have a large volume of de de of money then how much volume of money to make it more profitable exchange usually tries to Search for others services or ways to make that profitable silver that moves So you know it is when they create more products for that reason example I don't know okx vin b and all those are They are exchanges that have many more services than the exchange but Sometimes they call themselves Brokers eh And they are Brokers then It depends on what they want are platforms actually that is what they are, they are platforms that offer financial services or cryptocurrencies can then be called ch can be called broker can calling each other wallets is fine it's three o'clock Only they are more than that that's why it is better to include slabs in a platform fact many will come from the last course of trading that I did that already has a million and more well over a million visits and I took it out not long ago and many saw there that I use binance but I changed my mind and I'm trying a new platform called ogx Because I see that he charges me less commissions On top of that, the data is updated in time It's true that this is good and in fact When I took the course everyone I said dalto dalto You gave me a hard time because they told me dato binance is the most big but it's not the best and that's what they were telling me everything then they [ __ ] loudly Don't use pod Us ukx And me Without understanding anything, I started to investigate. UK When I saw it I loved it and in fact I sent a little message because when I take a course I always like it For example, I took a Hosting course and I contacted the people at I don't know hostinger to help me explain the Hosting issue I took a course I don't know about sql and I hired myself with a lot of companies that manage that ql the most Advanced and Hardcore possible for you explain well how it works then Now in a cryptocurrency course I everyone telling me to try okx I tried it, in fact I was using it twice. weeks or so I got some returns I put some money in for try it and the truth is that it helped me It worked pretty well, it was already coming working on binance because I wanted to I wanted to show you some things that I had done on binance and nothing Unfortunately I stopped using it now. I'm using ox eh but the truth is that As I was missing, I was missing certain things little things, certain details, I sent them a message to the ukx because as I said like I always like to talk to people or or people who can add value to the course yes yes at the end of the day I was going to do it the course with the people from okex what me It was difficult to send them a message to see why I was lucky there and they finally answered me I sent him a message and they responded and no. only that they loved it eh that me or Either they already knew me, they knew who I was They loved the trading course I took and in fact they wanted to help me and They wanted to lend a hand to explain to me some things from this course about your broker So it's like a great goal because We have the endorsement of ok, that is, it is incredible that is, the second trading course that I do and we already have the endorsement of the broker with The one we are going to work on is fascinating so well they still have the link now know in the description in case They want to register from now on because it is the broker that we are going to use later in the course so good What I wanted to do would be to register now and then I don't send the registration and I know they are registered eh And on top of that they have a benefit that I am going to tell that one benefit because the truth is that I forgot Then I have to ask Mateo what This is the person I'm talking to deki x So he tells me what is the benefit that I have but it is this one that is here So If you enter with this link eh This is the benefit you have and In addition to that, the people of UK x are going to knowing that you came for me okay So they are going to have a good prize So nothing This is no joke outside damn at first I thought binance was the best option that's why I used binance in the last course so I don't they [ __ ] like hell don't insult me ​​eh there was I have always used binance all my life but Now I decided to try another broker and I I loved Sia it's faster I like it the interface a lot eh But well no I want to talk about this so much later. When we get to that point we will see well let's see I don't want it either you are going to decide alone you are going to say whether to use ruk x or not ust no no no they have to listen to me they have to see the data have to do their own comparisons and draw your own own conclusions I am going to tell you recommend and I'm going to put them on the data table and why I choose it but you can choose that you want but it is not the time to do that and choosing the broker but now At least we have to continue with the next section which is go to the next step and I'm talking about how to make a Fundamental analysis of cryptocurrencies here we put ourselves in a theoretical framework which is important because many times you guys trade crypto and stuff But let's see when you do the analysis of a many cryptocurrency Sometimes they forget to do an analysis fundamental and there is no real value of an asset and you say Che but yes it is this cryptocurrency is worth this and has this Market capitalization and blah blah blah like it's worth the same as free market a cryptocurrency that came out two years ago months doesn't make sense, it's worth half what Amazon is worth those things that I see I said there is an error and that Many times learning to do this will help you detect fraud eh bubbles in the markets inflated so that's why it's important that we understand several things that Let's see then I want you leave this course done experts who cannot morph scams that they can't be morphed eh Market manipulations that do not fall as little as possible into this type of of things because it doesn't happen in the world Crypto happens in all markets and learn to do this with this later It also allows them to apply it to different markets but at least in in this case they will remain calm that they will understand everything so that no one nobody [ __ ] them up no they're not going to [ __ ] them up no one shits so that's why I'm interested that you learn So let's go with the next section we come very well yes They are not boring and fascinating if they are getting bored calmly because in reality is something that is advancing and progressively getting excited that is, let's go from the least boring to the most fun from the most boring sorry to the most funny but if this is already having fun So wait when let's go further because for me This is going to be a roller coaster of emotions We just didn't get to the parts. interesting because imagine if you already know everything we are seeing the people who are starting from scratch you don't know it so you have to be a little compassionate as well in the description you have the entire syllabus in case you want to see what we are going to do see and talk but my advice is to continue well the course let's go slow today all world has the problem of wanting to do everything fast I mean people want to do everything fast everything now eh wants the courses last 20 minutes want to be done expert and rich overnight it doesn't work like that people this that doesn't exist that is, if they really want to go well in whatever you do they have to dedicate their time than taking the time to do it right calmly study it review see once and again Investigate on your own This It is just another tool, don't try it Morfar quickly because it's not going, you're not they go to the cinema and watch the movie three by two they skip it, it's wrong because it is not done so take your Time to see him understand it So we are going little by little as much as possible pass that it is nothing they acquire knowledge new So let's move on to the next one section and is the first of a new section and we are talking about analysis fundamental of cryptocurrencies let's go Okay people now we are going to see everything about what the analysis is fundamental of cryptocurrencies this For me it is the most important section of the course because if they don't understand it, they won't they can continue with the next and not I have seen only one cryptocurrency course teach this accordingly made mostly in the 90's or so by they don't even touch on this topic that's why It is such an important topic for me and we deserve to mention it from head to toe What is the analysis for? fundamental And why in cryptocurrencies Well before answering that question I want to tell you that I did change everything this that because as you will see I just rented a new place and turned it into a study to be able to put together these scenes to put together courses because in the another studio we had we were doing other things as you will see We practically made it a TV show like that to rent me this place so I can have a much more space especially dedicated to I'm tall Eh So good As you will see me now you will see this and The light is off because I don't want it turn on until we have the scene finished So when you have the finished scene they will see with with You are going to see this all lit up beautiful you're going to see it so that's it worry that everything will remain impeccable to start the analysis fundamental is a methodology that has a single objective and that is to determine the intrinsic value of an asset this determine the intrinsic value of a asset means finding the real value the true value how much it is really worth This is important because we are based on external and internal factors to see how this influences the price of this cryptocurrency and this applies to any market but let's specialize now in what is coming being cryptocurrencies in the context of cryptocurrencies are basically now going Let's see what this is for, but The main objective is to determine if a cryptocurrency is overvalued or oversold that is, if a cryptocurrency that is worth the same as Amazon is a cryptocurrency that is envelope bought Why Because somewhere moment is going to collapse because that cryptocurrency no there can't be one cryptocurrency that appeared six months ago that is worth the same as one of the five most valuable companies in the world It makes a lot of sense. So this allows more or less to see what crypto coins are really to be messed with to invest and they are not just smoke fomo and projects that are born from nothing to become extinct like most because Unfortunately the crypto world Most of what is in here is not as cute as they look most are projects that are not so good most are projects that end falling down and this is what I'm going to tell you teach now so you can differentiate yourself from the rest and have the ability to read these projects because there are ways to do it and that is done with analysis fundamental that 99% of them sell them fumes they are not even going to mention it to you and I Come on, I'm going to explain it to you because For me it is super important start I want to explain the difference between fundamental analysis and analysis technician because if I don't see myself we will be It's going to complicate this scheme a little to start Okay the analysis fundamental has the characteristic of which is based on different factors both external as well as internal, not only the internal to calculate this real value we want to evaluate economic factors government financial policy regulations different factors including internals of cryptocurrencies such as its market capitalization many more things that tell us Okay this one project is solid because of its team its technology by its investors by its capitalization for your time for your I then develop this whole set of factors allows us to really see How much is a project worth in this case? cryptocurrency normally the analysis fundamentally we use it to more long term investments not short term term not for day trading but already to get into trading a cryptocurrency and if we operate it in day trading the We operate in day trading but in the long term deadline because it's not like you're going to do it today and never again but it is a cryptocurrency you are interested in trading because you understand that it moves within the frameworks and reasonable on the other hand the what technical analysis does is merely mathematics because there are people What is it going to tell you, you don't have several types? of traders if it is true that you have the quantitative traders and traders What kind of people who are more mathematical and the three that are more than seeing Ojo e try to understand the nature of market and are guided more by their emotions or in reality not for their emotions but because of his intuition that It's like I have a market intuition and a concept called market intuition which is very interesting but in the end After all, it is still mathematics because The bars that you see to make trading the V's the Japanese lasir what you want to use eh They don't stop being at last and after mathematical representations of numbers because a candle is there is a number here a number here a number here and a number here and you joined it and you have one left sail and put together a set of numbers and you There remains a set of data that mathematically they are represented as graphics that you then have to walk mathematically measuring to see how It works and although it is not mathematically exact is still mathematical but the market is not mathematical, the market exists something that is not the human factor and what we try to analyze with this analysis It is essential to go a little more to this more human factor less numbers and more real that will allow us to understand Yes A cryptocurrency as I said is overpriced. bought or oversold for what for know if it is a good time to get involved or not Furthermore, technical analysis is good for short term medium term and long term While the analysis fundamental one does it longer term I am trying to make a real analysis of a project, an asset and I want to see if it is a good project for get in to start investing and to study your case in the long term because it is This is a project that gives a lot. a technology that consists of making you teleport is so good it is a crypto project that allows you teleport from one place to another and is worth less than an SME that started the last year and it is let's say beautiful for get in. Now you have to know how to find you have to know how to calculate those projects because you invested in that project and then Hagar exploits it for you and you went up too then you have to know how to find those projects and you have to know how to get involved when we can do this analysis this this we can determine its value intrinsic now what are these key indicators well first there is several key indicators in this fundamental analysis of cryptocurrencies first is the market capitalization The second is the volume of transactions and the third is the offer maximum and circulating We also have Macro and microeconomic factors that allow us to help us with this analysis whether government regulations technology adoption and integration also everything that is development technical and the project roadmap Afterwards we also have the evaluation of community and the team we have the analysis of white papers there we have several more things so here we go to do now in the following sections I now wanted to give you a introduction to what analysis is fundamental and its differences with the technical analysis but now let's see step by step all these things that we have to take into account to be able calculate this intrinsic value we will start with these first three indicators that I mentioned are the Market capitalization that is to say come on Let's see how to see and interpret the market capitalization to evaluate cryptocurrencies we are also going to see the importance of volume when determine the value of an asset and last in what is the maximum offer and circulating we are going to see the impact of the scarcity in value and then We continue with everything I mentioned after all this Within this fundamental analysis section of cryptocurrencies which for me is It is very important that they have it because they are to have all the technical part they are going to have the entire trading part going to have all the stingy part of some traders I don't know Noah but when they go to try to do analysis on investments when they are going to be put to use they will not be able to do things They know why because when they got involved in a project that was graphically beautiful and that everything was like that and that They recommended doing here, it sank the bubble ended or it was a bubble or it was pure fomo and it was impossible to speculate eh correctly Because there was even a lot of market manipulation by the ma makers then Oh how clear This of fundamental analysis also allows you to identify these types of things like the issue of market makers, which is What percentage of the market is not liquid why Because the analysis fundamental for markets that are not liquids allows you to make good analysis that is to say we before when We came from a backup economy. say all the assets that came out They had to be backed by something. Normally it was gold or some metal beautiful then we move on to an economy non-backup What does this mean It means that now you don't have to be backed by something is simply the confidence in the currency as such, not the confidence of the banks and others and projects that still have less liquidity like crypto must be more careful with this why Because there is much more market manipulation because of the Market makers literally They have the largest market share in the assets that end up going up in smoke or bubbles what there are projects that have 70 of market makers who are people that in reality they are not people as such but they are this group that can reach to manipulate eh cryptocurrency assets because there is not so much liquidity and they have all the availability of movements have that possibility of do market manipulations but they are things that we are going to see later to that you avoid getting involved in projects that can go up go down and not continue no type of standard, let's say technique that they are going to allow them to get out of there So let's learn to identify these projects that should not enter Let's learn to do things that They are going to discard 95 percent of projects what they have in mind or what they are going to see in their life and they are going to keep that 3 4 5% that works for them and after doing a technical analysis of that 3 4 5% are going to find another 10% 8% that they like AND maybe invest in those then that's why analysis is so important fundamental because it is going to discard them Everything that is of no use to them is what no one does because no one wants to learn Because they all look like trading courses I don't know what the technical part is and that is what I'm going to explain to you now So We start with the first thing, which is the Market capitalization section and Let's see that How to interpret this market capitalization to evaluate a cryptocurrency Let's start with the first section of this section cryptocurrency fundamental analysis Come on Well now let's talk about one Of these three indicators that we saw that are important within this section What is the market capitalization Market capitalization too known as Market cap is an indicator fundamental in the analysis of cryptocurrencies used for evaluate its size and relative value in the market then what is it simple market capitalization in this Context is the way to measure value total of a cryptocurrency think the Market capitalization as price that you would have to pay if you wanted have all the coins in circulation That is, if we are talking about the bitcoin capitalization if you want know how much is the total capitalization of bitcoin is the same as what you have what to pay if you wanted to buy all the bitcoin that exist today Let's see they are not So why do they say this to an economist? and the ag r [ __ ] is not like that but it is an example but now we are going to see it well in depth to calculate the Market Capitalization Only We need two things, the first is the current cryptocurrency price is say how much a coin costs in this moment and the second thing is the supply circulating that is, how many coins that cryptocurrency are available in the market the formula is capitalization of Market is equal to the current price times the circulating supply we are going to see a simple example imagine that there is a cryptocurrency called I don't know crypto x If a crypto coin X costs $10 and There are a million coins available crypto market capitalization x would be $10 for 1 million coins that It is equivalent to 10 million dollars of that so simply we know the market capitalization that's why I said which is the same as wanting to buy them all currencies now why it is important the market capitalization to me what It matters What is the price that it would have that I would have to pay if I wanted to buy everything. well this will allow us to do certain interpretations of this capitalization And obtain certain data on the one hand we have the big ones cryptocurrency capitalizations with a very large market capitalization They tend to be more stable and less volatile, such as bitcoin and ethereum now why they are more stable and less volatile simple first because there is greater adoption of cryptocurrencies with large caps have a base of users that is much broader and a more generalized ad option i.e. more people use them and trust them cryptocurrencies which helps to stabilize its price also has greater liquidity because there is more money invested in these cryptocurrencies which makes it more easy to buy and sell large quantities without affecting the price much this reduces volatility And finally increased market confidence as that large cryptocurrencies usually be backed by solid projects and well established what good generates confidence among investors and good confidence reduces fluctuations of price that are very abrupt Come on come on [Music] sona they come to look for you sick who is not subscribed to the Secure Channel They will ask what liquidity is but basically liquidity is that liquidity is What possibilities do I have? to carry out operations that is, to take out silver to sell without the price modify so much why because I have a cryptocurrency worth 100 What if I I take out my money, that Cpto becomes worth 70 there is no liquidity because it cannot be I took out part of my money and lowered the price so much price then liquidity is important For that reason on the other hand we have the mid caps These cryptocurrencies have a intermediate market capitalization and can offer a balance between which is the risk and the reward since They are not as big as bitcoin or ethereum but they have the potential to grow This can bring investors looking a balance between what is risk and the reward and many of these cryptocurrencies that are medium are promoting new technologies or solutions in the world space cryptocurrencies which makes many people of this world are interested in projects that have this type of potential to be able to disrupt the market that is to say when we we invest in projects that do not have so much market capitalization is because they are not so seen there projects that have their growth They started a reasonable period of time ago and they are not exploited they are not so saturated if I, for example, want invest in bitcoin if I'm already involved now eh if bitcoin goes from 70,000 to 100,000 or 200,000 I can't do much Maybe it's crazy to do that. I mean to make a three by almost a two by two and peak is crazy but it is only a example so that they understand that this is what What can happen if I have a case? great successes with bitcoin But what happens with medium cryptocurrencies assuming that a cryptocurrency is worth $500 if then that cryptocurrency becomes worth No I know eh $2,000 eh No easier $5,000 yce a by 10 and that is possible if the market capitalization cryptocurrency increases Because if today the bitcoin market capitalization increases that which increases percentage It's not so much because it did increase by $30,000 per year. value of bitcoin but 30,000 is less than 50% of 70,000 that was already worth in exchange If I have 500 and it becomes worth 5,000 It's worth 10 times more. So if I I bought 10 coins before I had $5,000 and now I have 50,000 while if I I bought $5,000 in bitcoin now I have more or less 7,000 So this is what good about this type of investments mediums that offer you this balance between what is more or less safe is but that it still needs to grow is like that you didn't touch the ceiling but it's not that risky as investments are smaller because the ones that are bigger little ones are risky And that's what Let's now look at cryptocurrencies with a low market capitalization are Generally more volatile and okay They can offer you higher returns but They tend to be at higher risk now because why this is so simple first because there is less liquidity, that is, as there is less money invested in these cryptocurrencies buy or sell a large quantity can move the price significantly and This makes it more volatile and there is less stability because these cryptocurrencies are often newer or lesser known projects and They have fewer users and less support financial which can lead to larger price fluctuations and fast But on the other hand we have the high return potential i.e. already that its size is small Cryptocurrencies may experience a explosive growth if the project Behind him he is successful is what I told him If 50 years ago I had presented the graphics cards that today is envious and you would have invested in nvidia is how I had a lot maybe 50 years no but yes I don't know about 20 years ago about 15 years ago is more or even 10 years ago you They would have made an increase in their brutal heritage because envy in that at the time it did not have the capitalization of market that has today that is taken out The wanted was a medium project but there are still smaller projects yes you would have had the possibility from investing in Open Ai for example I know that is not open investment but it is a way of saying today Open Ai was who created chat gpt who created the models most viral language of the latter decade for now we could say then it was a recontra project little one that you invested in him then This is simple gigantic projects that They are great but they are so big they receive investments from the largest We cannot be at their level and if we do We also can't grow much more while smaller projects they generate more investment when they work It's better what I told you before, yes I find a way to travel in the time to the past is something that without a doubt would change the history of humanity and millions and millions of people are going to arrive billions of dollars for that that project is achieved and done Actually, if there is a way to show that it is possible Now what happens Yes I realized that before all the millionaires what do I put $1,000 on that project total when I return For example if a person He needs $1,000, what do I do? I give it to him and he I say I'll keep 20% of the project So when the thousands arrive billions. When there is a Market capitalization so small By putting in $1,000 I am getting the 20% of the project While on the day of Tomorrow you put in 100,000 and you don't even have 0.000 1% because there is a lot of money which represents a very low percentage then take advantage of getting into small projects that are worth a lot It is one of the main ones, let's say good practice habits investors who dedicate time to do analysis of individual projects Why Because they are dedicated to investigating projects with potential, such as different startups Now there are a lot investment in the mambo of the TR website and All that world Then you see projects May they be very successful in the future They invest when they are nothing and they bet that they will grow from 10 projects eight they fail but those two that take off No, they don't give you one for two or one for TR. they make one for 20 one for 30 one for 50 because they knew how to do it well and that's it where they win So this transfer to the cryptocurrency world is more or less the same but this doesn't end here This is also an indicator of Market dominance What is simple market dominance dominance is the proportion that has a coin Okay as to Market capitalization with respect to Total market capitalization i.e. if the total market capitalization of of a cryptocurrency It is so much Let's compare it with the total itation of all cryptocurrencies to see which one is the proportion of the Total Market that it has That is, if there are 10 cryptocurrencies and the half of the silver is in bitcoin dominance is held by bitcoin because all the money that there is half of the silver goes to bitcoin then total capitalization of the world of cryptocurrencies mostly the one who dominates It's bitcoin So that's dominance market to calculate it is very simple What is done is to divide the Market capitalization of the cryptocurrency by total capitalization of the cryptocurrency market and then multiply it by 100 a simple formula to obtain a percentage we are going to put an example with bitcoin, suppose that the Bitcoin market capitalization are of 600,000 million just to put a example because that is not the Market capitalization and suppose that the total market capitalization of cryptocurrencies is 1.5 billion bitcoin dominance would be calculated like this 600,000 million divided by 10,000 trillion We multiply this result by 100 and there we get that the result is say the dominance of bitcoin is 40% this means that bitcoin represents 40% of the total value of all cryptocurrencies, that is, we grab the more than 10,000 20,000 30,000 cryptocurrencies that exist we see what it is the total capitalization of each of the we add them all and extract bitcoin and We say how much bitcoin has and how much has everything together Wow only bitcoin has 40% of all that is the dominance of Market now dominance is good for a lot of topics the first thing is that you indicates trust and stability Why Because it is being said to see everything this cryptocurrency market silver stops in bitcoin or mostly ends in bitcoin What does this mean that there is a sign of confidence and stability in that cryptocurrency is also a sign of influence, that is, they have the capacity to influence the market in fact bitcoin to is often taken as a reference because is an indicator of is an indicator technical literally since bitcoin does not It stops being an indicator if bitcoin falls most likely all altcoins also fall Why is this Due to the dominance that bitcoin has, it is so big that even when bitcoin falls all cryptos also come in sting in fact crypto projects that They were magnificent and they had a lot of potential fell just because bitcoin lost dominance began to decline crypto market maybe started war conflicts between two countries gigantic too and well that made This goes to a more secondary level than It is also one of the problems of the cryptocurrencies But we are going to see that later When is it a good point when not when it's not a good time and and how also be able to find a kind of prediction if possible Let's analyze the situation sociopolitics and geopolitics of the world to see what can happen and if I anticipate and something or nothing can happen I extract my money from the markets that They are not assets that cover needs No primaries, but well, that's about to happen. an economics or investment class fundamental that a course of cryptocurrencies continue to ring in the ambulance Oh they keep looking for you sick you haven't subscribed yet and also knowing the market capitalization allows us to determine the relative value that not to put too much into this but basically Relative value is a form of compare different assets in this case are cryptocurrencies to determine which It may be a better investment I don't know It's just about the price of the currency but the value of all those coins in circulation is basically comparing market capitalizations for example imagine we have bitcoin and crypto x If bitcoin was worth $30,000, what do we know? which is worth much more today if the circulating supply out of 20 million market capitalization it would be 600,000 million on the other hand we have crypto x currently worth $ And there is a circulating supply of 400,000 millions Which implies a Market capitalization of 2000 million dollars what evaluation we can make simple bitcoin has a high market capitalization which it means it is a cryptocurrency stable and well established while crypto x has the capitalization of Market much lower but if your project is solid could be undervalued which means it could have great growth potential if more investors start buying it and his project becomes better known for What Because bitcoin has already exploded potential because it is being understood What is the Genuine use of the cryptocurrencies Then comes the mass adoption process or that's what I believe but when this applies for projects that are much smaller those are going to grow much more is what We talked before but be careful because when We also work with capitalization Market we have our limitations first the market capitalization does not reflects liquidity That is, there is Market capitalization does not mean that there will be liquidity in the market which means that if there is a quantity of gigantic capitalization if you do a movement that does not collapse That logically implies that we will see if moves something is not going to drop bitcoin because you withdraw your crazy $1,000 but in assets that have a high Market capitalization in this case They are cryptocurrencies with high Market capitalization they have certain characteristics that make it not liquidity exists, they are not a good option because even though they have a very good Market capitalization depends on What are you looking for? No, because if you are looking for something high risk you go for low If you are looking for something very high risk you go for lower If you are looking for something medium risk you go for those with medium capitalization and If you are looking for the most stable you go for the stable but even when you look for the more stable does not imply liquidity unless you go for the most stable ones that they have billions that is obviously but what I'm saying is that no necessarily that there are more capitalization implies that there is more liquidity or at least not proportional to what one buys for this there are others indicators that is, there are other ways of know if the market is manipulated or not Because one thing is the liquidity you have It also has to do with a theme of what if you buy so that the price but it has something else to do with it also with what is the manipulation of market generated by Market Makers which is a topic that we do not touch on either and refers to the fact that if bitcoin has I don't know 1,000 million dollars example But what about those 1,000 million dollars 700 million dollars are controlled by five people means that five people They have the power to move the entire market then there is a great possibility of manipulation so those are two very important factors the liquidity of a market and the ability to manipulation that exists is not about whether it is manipulated or not it is about the potential that exists to make a manipulation and there are several ways of be able to find or or or receive data that allow us to see if this cryptocurrency has liquidity or is there manipulated and This can be seen but we are going to do that watching during the course so as not to overloading information and done one of the things we can do to see if a cryptocurrency for example has liquidity or is not liquid or is manipulated or is not manipulated is the volume among many others So let's go with the next one that coincidentally It is the second indicator that we have to see you saw that I told you there were three things we had to see one is the Market capitalization another is the volume and just connect So Let's move on to the next topic, which is very important and we will see how it affects fundamental analysis the volume of transactions when defining the intrinsic value of a cryptocurrency Ah I feel shocked we are learning very nice things This is something very nice good sorry come on now what we are going to talk about is importance of volume when determine the strength of a currency What is transaction volume? transaction volume refers to the amount of cryptocurrency that has been bought and sold over a period Normally determined is a period of 24 hours, which is why it is often said that example bitcoin moves an amount of volume of so much mass why because this is within a period of 24 hours since What allows us to understand this is a lots of things that will allow us identify what I was telling you that It is how strong a currency is how much biased is how viral it is. How much there is liquidity and many other things that we will see throughout this section Now that we have the definition I'm sure you're wondering why it is important the volume volume of transactions first is because it is a popularity and demand indicator that there is usually a high volume It means there are many people buying and selling what a high demand and popularity a volume low can just mean everything contrary to that there is not much movement in this market so perhaps it is not a currency with a market that at least worth getting into if as for popularity we are talking but there is to be careful because here I am going to give a little warning if I high I move 100 million dollars buying selling buying selling buying selling and I do it 10 times I practically moved 000 million dollars I just what is the problem and the The problem is that I'm going to see that the volume of this coin is 1,000 million dollars and yet it was me that with my operations I totaled that amount of money what it can involve What if I do it in a market where I don't there is liquidity we could calmly be talking about what I'm doing engaging in a market to make you believe you that it is a market with liquidity And that when you get into the market that's when for me movements affect your operations What I get when I withdraw manipulating the market. That's why even Although we combine it with the Market capitalization is still not 100% Useful for determining when It is a manipulated market or a market not manipulated but still being useful since it also gives us a small sign of liquidity because for more that there is always the probability of What happens is that there is a high volume so it means there are more liquidity Yes, I know that many times there is manipulation but normally in all crypto when there is much more volume trust generated in the market is much greater which means that if you you are going to enter a market that moves 1 billion dollars a day that in most cases there will be liquidity And if you are going to mess with your 5000 10,000 20,000 or 30,000 the most it probably won't happen at all nothing because you don't even represent 0.1 percent of total movements No You represent not even 0.01 percent. So no you literally have to worry if you put in 1 million dollars you are representing 0.1 percent of the market 0.1 per of the movements that made that day of the total volume of that day for what I repeat you do not represent a high amount when we are talking about amounts that are very high so Yes, a high volume gives us a signal liquidity does not assure us that there is liquidity but it increases our chances of there being one but I repeat for markets where one enters less than 00,000 if it is a cryptocurrency adapted or adopted massively or not massively but at least in the top 10 which is what I always do I'm sure it's in the top 10, we shouldn't have problems with liquidity Unless that we talk about amounts greater than a couple of million dollars then in the case of the average person is not you should worry about what is here It's a pretty crazy detox that is. beet and I don't know what else I figured I was going to be taking things. with beets but nothing today the beet entering from all sides of all possible shapes in cookie in This Wherever it comes Ah before I was a fan of Finland but I never sponsored them sons of [ __ ] I nailed videos with them millions of visits millions and millions They never gave me anything but in short as I said before a high volume of transactions normally mind It means that there is more liquidity And this is very important for investors because for people who move a lot silver wants to enter a market wait for some movement and get out because he usually does it with speculation in most cases which are short-term movements they are going to do and they are not going to want to affect the price of the cryptocurrency so the liquidity is a very important point especially for people who move a lot of money but for us who are average investors are things that really much they don't have to us matter at least not for now but be very careful with this because if when we have to analyze if there is manipulation Market or not but we are still very greens for that we will talk to him time also the volume is very interesting because as you may have seen in the trading course that we have it in the YouTube channel a while ago and technically it is the most trading course seen Spanish speaking they ran if I I'm wrong but I want to finish confirm it Yes I know we have the channel of largest programming and development Spanish-speaking or the second largest of Spanish speaking, that is, he is among the top deam and now the only course of crypto trading that we did on this channel It became the most popular trading course seen it I know it I know there you realize that It's not luck and it's the person Ah know I was throwing flowers Sorry people I'm like that I'm really happy. It's an achievement. I'm happy to have achieved it and nothing I hope this course will also be a Success, no, I don't think it will be a problem for him at all like det trading for a topic that I understand that this is something a little more complex and is for people who already They understand a little more but I still continue with hoping that why not much people can learn from this knowledge as I do my greatest effort so that each content you provide always have the highest quality possible In short, what I was going for was yes. You will have seen it in the trading course Volume confirms movements i.e. We confirm price movements because the price movements that usually one many times when doing technical analysis looks at patterns and indicators And if those indicators and those patterns are accompanied by a reasonable volume we are talking about that there is the possibility of confirming this movement if the price of a cryptocurrency rises with high volume usually indicates a genuine interest and strong in the market but for example if the price rises but with low volume can be a real sign of manipulation in the Market or lack of interest so that's why it's always important analyze these divergences of Ey if the price is going up why is it not increasing the volume is not supposed to people are buying and since there are more demand the price is rising It is simply market manipulation then logically there are a few who they are moving the market to make you believe that you enter and when you enter a higher price that's when They sell and take their profits because they benefit from the difference also the volume as already we saw previously helps us in the Market trend analysis normally analyze the volume It also allows trends to be detected bullish or bearish so in many cases he collaborates with us at least in sum and ends up being another indicator that The lack also contributes a lot. volume usually indicates a trend reversal not Or at least in some cases where by others indicator patterns and so on let's have a graphic that clearly represents it in those cases If the volume accompanies we can stay calmer let's give an example if a cryptocurrency has a daily transaction volume very high in a broker such as for example okx means that many traders are interested in that currency what can be a positive sign for investors now we are going to show a example of liquidity signal imagine that we have another currency called crypto I and has a transaction volume of 500 million daily and its price remains the same within everything stable this What does it indicate well possibly we can buy and sell crypto I easily without affecting much its price now you see an example of price movement confirmation yes bitcoin price increases 5% in a day as it has already passed and this is accompanied by a volume of transactions significantly high is a sign that the movement is supported by a strong command So to sum this up I am speaking to them in what most cases means Why not not always a high volume means it is a signal liquidity not always high volume helps confirm trend but I I'm talking about what usually happens general or what the theory says is not forget that this is important for understand the analysis part fundamental that is the most important For me we have to take into account at the time of having finished this cryptocurrency section that's why I'm giving so much importance to this Definitely, a high volume increases the probability of buying and selling without which greatly affects the price for what it is a sign of liquidity and watch out here liquidity It is not liquidity in the business sense from solving a problem instantly to economic level wants to be able to have liquid silver I'm not talking about that I'm talking about Financial liquidity are two concepts different just in case people say no that is not the liquidity we speak of financial liquidity please do not confuse term In short also high volume movements are more reliable and ultimately analyze the volume usually helps confirm patterns and trends It is never a definitive indicator we never have to look at just one thing but I repeat it doesn't stop of being a tool more than we have to use it and help confirm or detect certain things that allow us to understand certain strengths of the currency now we know well These two concepts I am talking about Market capitalization and volume transactions that the truth is that It's true that I did it half long, I could have made it more summarized because it was quite basic but I extended it and Sometimes something so easy When I extended it It seems difficult, maybe I didn't have to have extended so much so I'm going to try to be more compact, concise and communicate much more in less time but to be understood like this I don't make it so dense let's go with the last of all and I'm talking about the maximum offer and circulating, that is, I want us to see the impact of scarcity on value because this at the level of fundamental analysis is very important things that even serve in marketing, look at the importance of fundamental analysis as well good let's see this last one key indicator in the analysis fundamental of cryptocurrencies and how I said I'm talking about the maximum offer and circulating and after that we will See Macro and microeconomic factors but we wouldn't be getting into that until that we don't finish with the next class So let's go Well before starting as you will see We have indeed improved Yes we have grown up the scene is much prettier and aesthetics I am polishing the details of the background lamp with the plate and seeing what to do with this area here but for now it is moving forward it is something progressive I love it because in this course they saw how we went from one to something completely different going through total vacuum stages and the second is I'm using this microphone because during the construction of scene yes I screwed up and I got confused about the mic But hey, nothing is common pass So now let's turn it over with this microphone I hope it can be heard well Who arrived well nothing arrived Mika our designer designer and editor well here everyone plays 30 roles different not because we are not one company of 45 employees we are less than 10 then I measure what each one does various roles dresses is a set of things so well I receive them and I continue with the video well now Let's start talking about this maximum and circulating supply this has the goal for us to see how important It is scarcity to largely determine measure the value of an asset in this case of a coin in what is the fundamental analysis the maximum supply and circulating are these two concepts that They are very important the offer makes reference to the total number of coins that exist or will exist and as well We say its relative scarcity may have an impact on the price there are two types of offer we have the maximum offer which is the total number of coins that some may exist for a specific currency for example bitcoin has an offer maximum of 21 million coins maximum offer sets a limit superior and in theory contributes to the scarcity and the perception of value long term on the other hand we have the circulating supply how good is the number of coins that are currently available and in circulation in the market is a dynamic metric that changes over time as they mine new coins or they burn or that is Existing coins are then removed while on the one hand the offer maximum is the largest amount of units that are going to be created, that is, the maximum limit the offer circulating is the one that is already in movement if for example today we have eh bitcoin bitcoin has a an offer maximum of 21 million cryptocurrencies or be 21 million bitcoins Okay That one is the limit of bitcoin 21 million but the current circulation is 19 million. Then we have, on the one hand, the circulating supply and maximum supply Now there is this doubt that well and but how in this case the offer maximum and circulating may have to do with something with scarcity And how that scarcity can affect the value of a cryptocurrency Well let's see why It's pretty simple well on the one hand We have the basic economic activity which tells us that when the offer of a asset is limited and demand is high the price has to increase in the context of cryptocurrencies if the maximum offer is low and the offer circulation approaches this limit the perception of scarcity can lead to a increase in price this is simple yes in the world there would be only one banana say there will be one banana left in the world there would be millionaires paying fortune to have that last banana or goods for try to replicate it, that is, it would be like that demand for that last banana would be worth a heap the value of that banana would be very high now if there are 100 bananas I can ensure that each banana would cost less because there is more quantity there is more for everyone then they don't have to fight so much for who has the only banana because there are several Now there are 10 million of bananas Well there it starts to go down the price is very high because if before They could put up to 10,000 million dollars for the last banana when There were 100 out there, they put 1 billion for each one now there are 10,000 out there they put I don't know 10 million 50 million for each one Even though it is not proportional to the quantity there is, the price is It is important to understand that the more there is less the price drops now if the there were bananas everywhere, that is, if there were bananas but really everywhere if there were 10 times as many bananas that are about to be sold today that they could almost be free because they are worthless if you walk and You see Bananas on all the trees in the What you move is worthless because Would someone pay if you have it in a very easy amount of very accessible you would not pay because there is so much that there is no shortage The most common example It's the air you don't pay for air Because there are plenty of this way too we can see it at a numerical level if for example a content creator before I had 100,000 subscribers I'm Speaking of 10 years that creator of content was crazy it was a eminence and total influence today a creator with 100,000 subscribers go and come and especially if you have them example on tiktok it's like no no no It has the same impact as it had before. because before there were so few people that reached such a number but today it is so high that today it is worth less. really when something is scarce its value by definition it increases on the other hand We have the issue of inflation and cryptocurrency deflation with an offer maximum high or no limit As per example seeing etherium before IP 1559 may face pressure inflationary where the increase in supply reduces the value of each coin individual on the other hand we have the deflationary currencies that basically They are cryptocurrencies with an offer limited. For example, bitcoin, these can become more valuable with the time if demand maintains constant or increases since the amount of new coins added to the market decreases What does this mean simple before ethereum created all the time new cryptocurrencies is not like that There was a limit. So being of form there was constant inflation because The more Ethereum knew the less it was worth AC of ethereum Okay That's why it appeared this this proposal for change for ethereum and others that now mining for etherium it was not what it was before and a lot of changes than what They were trying to do what etherium be a deflationary currency because He had many problems regarding his reduction in price due to lack of good shortage among 30,000 more things in actually it wasn't mainly because of that but it was an advantage I had implement it and then we have bitcoin As you know, there is the famous Halvin what it does is reduce it by half Okay the amount of bitcoins that are gone to create every 4 years which means that If before an example was created no 10 bitcoins per block was not like that but it is an example, 10 bitcoins were created per block then four are created and then 2.5 and then 1.125 and then 0.675 and just like that we were reducing the amount that was created. Then at less and less people were going to be created having to fight more for bitcoins that already exist then we have the token burning programs some cryptocurrencies implement this type of programs to reduce supply circulating at a thus increasing the scarcity and potentially the value of remaining coins for example Oki B Es say Ok x crypto is a project of Ok x burns Ok B quarterly burning reduces circulating supply creating shortages and helping to increase the token value What does this mean that If there are 10,000 bananas and there are monkeys that They are eating them and they begin to see each other minus 9500 9000 7000 5000 and people go to start fighting over those bananas that are left because they are going to be worth more because every time they are going to be burning If you go you make a transaction and send him 100 bananas to another another monkey in the shipment you lost three bananas and those three bananas disappeared to always So you are going to take good care of them It doesn't really work that way but it is so that they understand that it is worth a lot more when they start to have this type of token burning programs because increases its scarcity And finally we have the issue of halvings and reduction of rewards as I just talked about in events like the halving that basically halve the reward for mining reduce the emission rate of new currencies contributing to the bitcoin scarcity as we already said experience halvings approximately every 4 years what was historically a reason for the price to increase by Why are we going to say Che every time? less bitcoin will be created means It's good if less bitcoin is going to be created. let's buy because every time it's going to get married yes We all want to have bitcoin, we are not going to power because if there are only 21 million bitcoins we are going to want to have some of those bitcoins and we are not going to to be able to have Because everyone is already going to be bought and no one will want to sell Then it's going to be more and more difficult. sell bitcoin why sorry every time it will be more difficult to buy bitcoin because they will all be available now In other words, there will not be bitcoin available to buy Because everyone is already going to have bitcoin and the people with more money are going to have more bitcoin and if they don't want it sell the price increases and there becomes a speculative asset Not that It is already a speculative asset but what I say that it will depend on others factors finally we are going to see a very cool example of the impact of scarcity in value with this crypto Ok x Oki B has a maximum offer of 300 million tokens what sets an upper limit and contributes to the perception of long-term shortages in regarding the circulating supply in this case is the number of tokens currently available on the market, how good it is varying due to burning programs of tokens if the maximum supply is fixed and The demand for okb increases due to its utility in okx the price of okb trends the perception of scarcity increases If the circulating supply approaches maximum limit on the other hand we have the okb deflation is deflationary due to its limited offer and the programs of kema of tokens which reduces this supply circulating can increase the value of the remaining tokens on the other hand we have the token burning programs okx carries out quarterly burning of tokens reducing the circulating supply and increasing the shortage then In Ultimately this is what I wanted to explain with this example of that my while something While there is less of something each those something is worth more that's where I go I want to get there. In short, it is something that It is very interesting to analyze but These two metrics are metrics that do we have at a technical level because it does not allow to be fundamental analysis but not we stop seeing it on a technical level if you go to any asset you will see that has the circulating supply and has the maximum offer So it's not two Subjective concepts are concepts that They are part of Fundamental Analysis because they are metrics that we have to take into account when investing in a cryptocurrency later with the As time goes by we will see how sometimes understand circulating supply and value currently of a token seeing the Max supply That is, the maximum offer we are going to understand by a coin is overbought or if it is oversold or Hey, this is this crypto, or let's say when the maximum supply is circulating It means that it would be worth the same as Amazon for example So it doesn't have sense is it is clearly overbought I do not invest directly because it does not have sense At the fundamental analysis level it does not have sense Even though the graphics of technical analysis and everything tell us that this crypto is going to rise like a crypto that came out three months ago is going to be worth same as Amazon which is one of the largest companies in the world do not have a lot of sense Well now that's it we finish these three points we are going to see something else that seems very It is also important to understand this Macro and microeconomic factors because yes, a few years ago I got culi when I tried to get into the crypto world for vz number four more or less because Yes, it caught me by surprise when a few years ago I was investing in the crypto market and I didn't take it into account eh an economic problem that had macroeconomic and technical analysis everything was impeccable everything was bullish and gave a trend both in the long term and in the short term and they were things that you see in in in graphics this grows and at the level fundamental too but I did not take into account takes into account certain macroeconomic factors that ended up harming me and I lost precisely for that reason So today it is important to have into account macroeconomic factors and microeconomics to understand fundamental level the future of a cryptocurrency and the position in which it is currently found now let's see exactly how the factors affect Macro and microeconomic to the value of a cryptocurrency so let's go with That's good now to continue contributing value to this fundamental analysis let's to add another Plus something very important to take into account if analysis fundamental thing is about now let's understand how Macro and Factors microeconomics affect the value intrinsic value of a cryptocurrency as well How logically good is its viability? It basically means how viable it is invest in that cryptocurrency o o o get into using it either to maintain it In the short or long term, the first thing is understand what these macro factors are and microeconomic factors macroeconomics are those that affect the economy as a whole Macro totality means big then it will affect the entire economy not just to a specific cryptocurrency This would be like the weather that affects all the plants in a garden i.e. completely affect the market cryptocurrencies while the factors microeconomic micro comes from guys refer to the economic variables that affect individual decisions within of a specific market These factors These are things we could consider. small things that affect a cryptocurrency in particular or a group of them returning to the garden case a factor microeconomic would be to take care specifically from a specific plant in a whole garden to summarize the factors Macro and microeconomics affect markets in different ways But one affects gigantic scales and another smallest scales in the world of Cryptocurrencies Macro factors affect to the crypto market in general while that micro factors affect by example to a specific cryptocurrency So macros are huge factors The microphones are smaller. That's the one summary now that more or less We understand that Macro factors and Let's micro understand how they affect the value of cryptocurrencies within what macroeconomic factors are one of They could be, for example, politics monetary something like the rates of interest the interest rate is the money What do you pay to use someone's money? more is to say if I go and lend it to you 1000,000 if you have to pay me back 1100 means that the interest rate was 10% if the interest rate is low it is as if it were very cheap or If you want to borrow money for example buying a house a rate of Low interest means you will pay less money when you want to return that loan What does this mean that while The lower the interest rate, the more attractive to ask for a loan because It means you have to pay back less. Even in Argentina for example until A year ago you asked for a loan of million pesos you have to return 3 or 4 million in a short period of time So who would want to ask for a loan if you had to pay back the quadruple Even though inflation It helped make that money worth less. Then when I returned in power purchasing power returned more or less the himself was always a little more then it was something like the banks They usually speculated and loved you charge much more so that inflation don't beat the banks no What does it mean This means that if a policy is adopted monetary to lower interest rates interest what is going to happen is that it is going to there will be greater investments because higher performance is sought this happens in absolutely all markets and the crypto world is not a exception if rates go down more people it gets in because the performance In the end it is greater for example during the last pandemic of this great virus malicious that appeared in China central banks around the world including the Federal Reserve of the United States United States adopted monetary policies expansionary measures to stimulate the economy This included the reduction of rates of interest at levels close to zero here what happened to the value of the cryptocurrencies It is that the large amount of money injected into the economy increased the liquidity available for investments In this case liquidity I do mean cash investors sought assets with greater potential performance and there they got into crypto but with the increase in the monetary supply many investors feared that the inflation erodes the value of the fiat currencies than currencies Fiat currencies are these currencies that issue entities such as banks governments etc. is basically silver, this does not exist as such made investors opt for another exit and said Well, let's see if the fiat money that is what we come from driving for decades is leaving o or could erode, let's move on to bitcoin and many people began to pass to bitcoin Even though the volatility was brutal performance was much higher than made investment funds of the most big people started investing in bitcoin then all the masses began to move there that way bitcoin passed in a short time from 5000 to 6,000 reaching the highest again peak of bitcoin history Why due to expansionary monetary policies Notice how monetary policies affected bitcoin so much to the point of help you reach new milestones historical that among many other things No, this is simple, what this tells us This macroeconomic factor of monetary policies that, for example, are interest rates is that if the inflation is high people search alternatives to back up money and that alternative is usually bitcoin when currencies like the dollar become half unstable, that is, if you, for example With $10 you buy 10 milks if in 2 years with $0 you buy five milks Before, you could buy 10 with $0 and now you can you buy five, so you can buy half the milk you are losing power acquisitive Why is that that is due to inflation if in two years with the With the same money you can buy half the things that you bought there was a 100% inflation because the currency basically lost half of its value then the people so that these things do not happen What you do is invest that money in others. assets that do not lose value, that is, you You are not going to buy 10 milk so that in two years you sell them and get $ not that It's trading, it's something else and it doesn't work. So your milk rots, change What do you do active purchases with Como por bitcoin example that technically you I speculated that it was going to rise then in two years you sold your bitcoin and instead If you had $ you were 60 so you were going to buy milk and instead of exchanging it for five milks you had, for example, 30 then you won very well because you triple your purchasing power then When there is inflation, people find other solutions and more economies who are used to that. As for example the United States because in Argentina for example. Although there is a a lot of inflation a lot of people still I don't understand, you don't have the ability to rely on other types of assets places like the United States people who have money and who know how to move it they back things like bitcoin and everyone else in the world doesn't really it's just all everywhere in Argentina also another factor macroeconomic which is normally negative are the regulations of the cryptocurrencies or the laws that a country decide to allow or prohibit the use of the Cryptocurrencies affect not only one crypto affects the entire crypto market as such France comes and says in France whoever uses cryptocurrencies will have 5 years of prison and the crypto market is going to fall because Why a country as strong as France does not allow a market within your country is logically a factor which affects all cryptocurrencies as well like when elon musk said and buy crypto is going to go up everything and everything was going down damn well today that doesn't happen so much anymore but at the time it was crazy good no elon does not have the power of a country but it did move the markets a lot eh Maybe he has more money. That's good. It's another topic because there I think I had you could buy entire islands if I would like then it has a lot of influence in the markets But it is not the same as government policies that prohibit an entire country using cryptos because an entire country is forced to give up on those assets such as policies Not prosecutors who are basically like the government manages the money either spending collecting taxes or taking debts the American risue plan included direct payments to the population which commented on liquidity and power purchasing power of citizens Americans, what happened here is that the greater liquidity was reflected An increase of investment in different assets including cryptocurrencies like bitcoin and ethereum investors were looking different ways to invest your money because they were worried that the inflation would make the dollar worth less and would lose its value with the regulations something similar can happen favorable policies stimulate growth while restrictive regulations limit it another macroeconomic factor that can logically influencing is eh conflicts wars and geopolitical problems What This means what happened, for example, to early 2022 with the invasion of Russia to Ukraine was that clearly we could be facing a third war world, logically we were not even close but what happened is that there was so many factors involved even problems with Taiwan not with what was happening with China or there were so many things grouped there that They were all wondering if the third world war is coming and that It may or may not happen for now. Let's hope it doesn't happen because it's the end of the world So what happened this what It makes assets like bitcoin in the background assets like cryptocurrencies markets that are secondary ones that are not part of the main needs within a war they will stop receiving value if For example, an apocalypse is coming people are not going to give a damn about finance people are going to give to survival and An apple tree will be worth more than a wad of $10,000 for example is another type of good is a primary good and that We are already in a type of society in which that was degraded there was a setback and the Finance is a human evolution, it is not a primary good that we need to survive instead things like food I don't know water are things that one So when there are conflicts warlike assets or markets who work with secondary goods or tertiary or even luxury they begin to reduce their value Because at After all, it is not the most important thing. Then you stop darb. That's what gives ool to something else the countries the people and everyone tries to make sure possible conflicts and well nothing there is when the entire market falls that the most smart come and do a study largest geopolitical and are betting that everything is going to get better, take advantage of that fall to buy because they know it is something Temporary and everything will grow again how we made the Bros we bought bitcoin when it was 15 after What happened to Coso and it went to 70? but we can't sell for 70 now more or less we understood a little bit What are macroeconomic factors? Let's understand a little what the microeconomic factors That is, you should have understood but still Let's go with some examples and some cases so that you understand them better microeconomic factor is, for example, supply and demand of a cryptocurrency part of the things we saw before They are specific metrics of a cryptocurrency like uh token burning or the volume of transactions of this type of things are part of the factors micro because they are things that affect a market as we saw just now, notice that we look at the volume We look at the maximum and circulating supply We notice certain details that we don't affect the rest of the cryptocurrencies they affect that currency specifically but they do affect its value why they affect its value because we look at that to invest to decide to belong or or invest in a project Then at After all, they are factors microeconomic because they affect the economics of a project regardless of whether they affect others or it is not something more micro but some form It affects it in September 2021 due to example there was a macroeconomic factor for the market of any crypto that It's not bitcoin, what was El Salvador? adopted bitcoin So this is a bit a game because for bitcoin it is a micro factor but for any other crypto in its Macro factor So it is a quite interesting topic because in bitcoin led to mass adoption So when leading to adoption massive that was not massive because it is not that so many people started using bitcoin but within the Savior what he did was that more people had confidence in bitcoin and started buying bitcoin This logically increased the price of the bitcoin then for bitcoin it was a micro factor but for the market as Such was a Macro factor because what What happened was that if bitcoin goes up all Cryptocurrencies go up Then at bitcoin be such a strong currency for the market made that if that goes up all The others then go up for what is punctual bitcoin is a micro factor fine point between micro and macro micro but for the rest it is a Macro factor so play around with that a little bit but what Yes, it is a micro factor, it is adoption. once that demand was already adopted Okay That's the demand generated by adoption is the micro factor, that is, the micro is the lawsuit resulting from adoption is a little complex but over time they are going to hold the hand another factor microeconomic, for example, it can be the technological innovation if a cryptocurrency finds a way innovate and improve your capabilities logically we are facing a better product we have something that has a lot further future So that also makes allows us to understand in some way that It is a project that has a future So it is a macroeconomic factor that benefits the Perdón Macro project micro microeconomic for example what what happened with ethereum was that ethereum has a blockchain that was increasingly improving and allowing them to appear things like dabs and contacts intelligent created 100% there allowed us to do incredible things games completely made in NO. so many things that allowed this etherium technology that was improving that this micro factor greatly promoted the etherium market another micro factor It's also when they make fits, that is when crypto companies relate strategically with other companies that It also allows you in some way understanding that something positive happens is a micro factor that also eh eh affects directly the market of that crypto see Let's say if suddenly what s I Samsung makes an agreement with cardano or an alliance and cardano will increase maybe the other cpto not so much but it is a micro factor because it affects cardano and for its market it is something spectacular riple established strategic alliances with leading companies in different industries to expand their reach and promote adoption of your solutions for example collaborations with payment providers like Money gr and American Express strategic alliances that contributed to the visibility and adoption of ripple and xrp in the market as well as the integration to technology blockchain In various business areas Beyond the financial sector Also we have the competition that is a micro eye factor Because if a company offers a product to no and a company offers a product b b is not competition but a company appears that offers a product a which is the same as the product that this other company offers now there is two companies that offer but if there are one of the two companies that offers it the better the project is more profitable and which is a more interesting project is strong competition then This is a microeconomic factor that affects negative between the first company because one appeared that does it better and has features that allow you compete So this affects negatively to this company another other microeconomic factor is also the reputation and the team if it comes to you thum people and launch a new project It will not have the same impact as if a completely new company is coming with three employees and throws you a crypto project and wants it to be done millionaire and it is a very powerful project logically it depends a lot on the technology but they are going to give you much more ball a very innovative technology of etherium that a very technology innovative a person who has never done Nothing like that the whole industry works for that too in the factors microeconomics we find much of the Fundamental analysis that's why you're going to see that fundamental analysis is very important when working with Macro and micro factors because it is like that Macro and micro factors are within Fundamental Analysis and rest of the fundamental analysis stuff are found in micro factors So it's a bit of a game, isn't it then? while Macro factors usually be factors that affect the market whole as such Since they are things that many times they are considered external because they do not depend as such on him project itself but depend on something something bigger on an almost global level or uh that affects an entire market while that the most micro factors depend on specific events or depend on the very characteristics of one's own company or the project itself then eh It's nice to see it this way but it's Well, take into account the difference between both and that it is very important that let us know how to differentiate and analyze these factors because precisely within everything we have to take into account to understand if a currency is viable or It is not viable to invest in this type of analysis not of factors Macro and micro Now I talked about what has been Community and team assessment so far so good Now yes How we can evaluate a team not how We can say that this equipment is new but it has spectacular potential versus a computer that is old is consolidated in the market but does not have good reputation or there are things they do bad out there a team has 200 very good employees in technology but I wouldn't trust as much as a team of 15 people who have other processes other methodologies then This is what What are we going to see in the next class and it is How do they affect the value of a cryptocurrency the developer team behind this project and the community around it Let's see and understand this because it is also quite important so well let's go with the next class we just said that one of the microeconomic factors that are more important to take into account time to do fundamental analysis a company or a project particularly a crypto project is the team experience and reputation What we want to focus on now is in How does this affect the value of cryptocurrency evaluate these issues is key to determining long-term the success of a project because this is You have to be very careful since it is not try something that is 100% safe like objective and concrete data that one sees But it is something that can give us an idea probabilistic analysis of success if It is a good powerful team with potential and consolidated the probabilities that go well is not the same as a team new who has no experience who does not has processes and methodologies and lack of transparency can give us So for an investor the first type team is a team in which there are more probability that the project will result successful than the second Then it comes of this team analysis sometimes This type of analysis is not about make there be a thing that is a strong, very powerful, but notice that all these mini details of the Analysis fundamental as a whole are well aligned because if it is the maximum offer and circulating has no sense of what What are we seeing if suddenly the transaction volume is not so high or or is not so positive if Suddenly the team is not so good or that is maybe one of those is not right or It's not quite right. It's like the we can let it pass but if there are several It's not like they wake us up different uh alarms no So all these points of a project are good or are getting stronger gives us an indication of improvement So that's why I do so much I emphasize that sometimes things seem like are irrelevant or do not affect but If one affects you 5%, if you analyze five You already have 25% that is not cumulative, it is exponential or multiplied by Yes, there are five points there. important and you don't have one there is no 20% less maybe there is a 5 10 but if not you have two there is no 10 15 20 there is a 30 If you don't have three there is no 30 40 there is one 80 70 that doesn't come out then that's it This type of analysis is about this we will divide into two types of analysis community assessment and team evaluation the team basically they are the direct individuals who are part of the organization is say about the project as such while the community is all those people around this project that does not They belong directly to the organization that owns the project but yes they collaborate and contribute to it example is dato I am dato and everything What does it have to do with the channel? YouTube the community and so on But we have those two parts we have the community that are you who support who support who make all this possible and We also have the team that is the producer the editor I am also this side So it's like you have to a team that is responsible for build product and the community that is whoever consumes collaborates contributes and does that everything is more beautiful Then for a side we do the community analysis and on the other hand, the team analysis for start an active community and Committed is essential for success of a project there will not be only one project whose community is not compromised because she may not be active but be committed because being active implies showing yourself frequently on networks and so on but while the activity is engaged It is indifferent because sometimes being active helps to have more commitment but at the end of the day the purpose is commitment and that the people of the community feels emotions and feels part but the main thing is that commit if you are active it is a lot better because it's easier to commit but the most important thing is the commitment unless it is a community of advertising you saw was everyone was committed but no one saw the content did not consume anything for a side we have what has been the participation in social networks in forums and in places of debate things like Twitter discord Telegram huh For example If we are talking about YouTube in the YouTube comments that actually a exercise you can do to let them see how strong ours is community is that all the people who have doubts in the comments I invite you to do what I invite you to do in all the courses and it is to go and help them if it is a person who knows about the subject or saw the course up to this point and you understood everything you saw I would be good that you take the time to pause the video and go to the comments to see what people think What what is it that feel when watching this video And if you find If you have any questions, answer them, I invite you to do that I also invite you to subscribe Don't be stupid subscribe that's it a way to activate and be there like eh commit to other content way to commit is to see the interactions not like you are going to go now to the comments and they will tell people who need help they will answer you ch you know that no I have understood what a factor means Macro and you are going to respond because you are a generous guy and you are committed with the community in such a way that helps you feel part This is the same a way to measure the activity of the community is seeing how active they are in networks in the forums in the discussions and how present is this project within of the community on the other hand engagement which in this case would be this community commitment you will see reflected the numbers that is to say Each how many numbers we have there is one interaction That is the commitment If for example, 100,000 people see this course people and 500 people like it and medium rare the truth is there is little commitment Oh yes, this course is seen by 100,000 people. that they are going to have more than 100,000 people and they like 10,000 and there is a rate of commitment is to say a lot of engagement higher because the conversion into likes is above one in 10 people who come in give it a like I invite you to give it a like I like it. So you're going to see that You guys Then he will buy it the same It's a fair amount, 10,000 is very high. but it doesn't matter, it's an example, no, I mean It is very rare that he has 10k. So he 10% of those who see like it but it is a example to show that there are many commitment especially in content networks when one publishes something if they see it 10 like three four but after If they see it 100 don't like it 30 40 like it they like I don't know 5 10 15 then they see a million and they give you it's like less is not proportional to the beginning Maybe 30% because they are the ones who see it first more active and then it is less Then always like that curve is decreasing eh the most faithful are those who most engagement generated in the first term temporary when time passes there is less engagement So it's an average not of both but ultimately to what I'm going that way to understand the How much they commit to the cause is how much they interact because one thing I repeat, it is being active, something else is direct interaction in support of community or or to the projects of the company and so on if a company announces something new how many people are there supporting interacting sharing then this would be in large part commitment If it is about events when There is an event they attend they do not attend That is commitment another example is I don't know I have an open source project how many people participate How many people they commit to using your code to create it Send I don't know eh take care of working with fors with with Push do do direct participation in projects For example, I don't know, send some PR for that they approve you eh in the project you know I saw this modification and it was already released this PR to see if they approve it to see if if you like what I did and if you they implement, that is, these types of things are very important within a community especially if it is a crypto community because crypto is closely related to to the programming no So it's like programming everything that has to do with technology startups and others and by below what is crypto below ot other services but just what it is crypto has a lot to do with the field because it is an innovative technology so Technology lovers in most understand the potential of crypto and that is why they usually understand something of code for that reason just in crypto projects the participation of the it category punctually it is very important more than from the financial sector I would say yes it is participation is more important to me of members of the community technology that of the financial end sector the financial sector is more traditional and it is more difficult for him to see the innovation of a We are changing that a little bit, I don't think I am part of it, I have nothing to do see but it is also important that understand the type of audience you are targeting points out For more than the final consumer be part of maybe eh more or those who The more they move, the more they come from the sector financial those who are part of the community are more lovers of technology than finance in fact you who are more can experience it lover of technology or finances there is a survey if YouTube allows you to put surveys, they will see a survey up here and you are going to be able to respond to see effectively Yes those who consume this video are interested more finances technology Finally After all, those who consume this video They are here for cryptocurrencies So Let's see the cryptocurrency ones, more interesting finance or technology now for On the other hand we have the evaluation of team Okay this is the second Pillar is the team evaluation this includes to the developers to the founders to advisors and anyone involved in the creation and project maintenance for this we have to see previous experience of the team in similar projects what is it what his education and his achievements in the technology industry or by at least see people understand how to communicate and capture potential because many people see that as others have no achievements, maybe e or like other teams have no achievements they do not achieve see beyond a company achieved something not because I had already achieved things before but that because the company had the potential to achieve it then sometimes it is not about see the achievements but it is about seeing the potential Because if, for example, I I say I take a whole coke I don't need take a whole coke so you know I took a whole coke even though this is a Pepsi there are ways in which you you can see my potential to do it So it's not about me doing it. it's about you seeing the potential because when I already did it, it's already done Yes now everyone knows it then everyone is going to invest in me because you already know but if you find a way to find the potential in a team or in a development are investing in gold in rough diamond because it has the potential to achieve it So it's a little more risky but the profit is much higher that's why It is important that they see the experience of this team in similar projects and if They already achieved things but if they didn't do it Let them study them, let them understand them, yes They have content see Their content see what they do see how they express themselves see How do they think to see if they are aligned? with what you think they should be aligned to understand If they have or they don't have potential that's why a team with more uh success rates and with more solid and built projects have much more likely to achieve Okay, a successful project if a team He had 10 projects and nine did well and if they do this project it is almost obvious that will go well Now a project that he has none is how good he is very difficult to see the potential but yes you find it is a great goal now yes is successful I don't have to do anything now you just see what he did you see everything else is easier to find potential there and you achieved it but if still That's how you want to get into this project. to have to do the impossible for investigate the equipment even if it is not have no records is more difficult The task is more tedious but there is information and you can find it great if not unfortunately it doesn't work for you to provide the solidity that a team that is already with several successes in the industry is what you evaluate technical skills as I do not know security the processes the methodologies who drive see how transparent they are and many things more precisely this transparency is one of these factors What to take into account in the team because we talk about the communication of team for the project For example, it is important that there is a transparency in what sense where there is open communication about the progress of the project, me for example When I made project high this project in which we grabbed three people We brought them to Buenos Aires, we trained them we gave them the entire compus department chair everything they needed to live We pay for their food, everything so that can learn a little time programming and getting a job we did this it was very interesting but no there was transparency on my part why Because I communicated all the first TR for months and then I didn't say anything else everyone keeps asking me what happened I didn't want it with the guys from the project. announce yet eh but of course I had I did it more at a contained level than ever I did something like a reality show So I didn't have transparency but the boys didn't. I'm going to tell you a lot about the result. but it was completely positive let's make another high project video missing yet but so many things came up and the possibility of making new ones appeared projects and other means that were left aside and also the boys are already in yours because the objective was met So the reality is that eh No, I don't I could do and in my case there was a lack of transparency But if I had counted The Advance would have done more contents everything there would have shown transparency on my part is the transparency now in my case no It matters because it is simply something that I wanted to do it, I didn't use anyone's funds. Everything by private initiative eh Everything is documented they on their own told some things that already came out So It was not like that but in projects that are gigantic companies that one invests in those projects that you want to see if they work or they don't work one wants them The company will communicate everything to you. moving forward Release the new updates Release new features yes It's an app that I don't know Launch it see how the patch issue is going several things that tell you who we are moving forward or we are not moving forward and more in large teams it is necessary communication then another factor too to take into account in the team is the decision making model and also Your roadmap is basically your vision long term your roadmap basically what is your your direction your planning at a structural level and in terms of vision of the future vision of a project is more than important this It also talks about scalability and project sustainability Why Because on the one hand we have the scale which is uh a more economical concept and therefore we have the sustainability that If it is economical it has a lot to do with it also with the product approach No because if I, for example, there is a problem and my crypto promptly solves that problem that is of the market if that market that market problem disappears My project is now completely obsolete so let's see there is problems when technologies are created with a short-term vision that sometimes investing in those projects is Like a Sub Boom and Most Lows companies will always be up and down because today they offer something that they do offer They can't do that in 20 years. offer then the company evolves but when they don't have that vision evolutionary adaptation we already see a kind of red flag this is like in a government decision making is like the governance model a fair model prevents conflicts ensures governance and many more things, an example is cardano which is known for its rigorous approach in academic research and review in pairs collaborated with institutions renowned academics to develop your protocol and improve your security and scalability This approach generates trust in the community in fact positioned cardano as one of the blockchain platforms with solid foundations research and development technological planning Clear and transparent cardano with its roadmap generated interest and trust among investors and users highlighting the importance of having a long vision deadline and a good development plan defined in the cryptocurrency market This happens to me even, I mean, look. how important that I am sure that I example before working with a company always at the level I eh dal high I pay attention to the transparency communication the way of receiving feedback What is the team like? example Oh I'm working with this mark that it is OK because you already know this is it broker that we will see later that why I agreed to work with this broker although others may have offered best conditions this for me is what better and above all communication and what I give as a Trader and as a user and creator I tell you listen to me and what I tell them it seems good to them. say they ask me what I would modify its platform and things What I say is that they implement and apply it. a company that moves millions that has tells the opinion of the creators who be so close that you make events for get stronger is such a warm relationship the one you feel when working with these people and I have worked with people that he is even a sociopath and I don't fall for him anyone but there are these people It really is warm, it really is want to do a good project it's people who has been working for almost 20 years in the industry and it is not people who are to [ __ ] and other people you give realize that they have a vision they have a project have a good decision making model decision making is not a project they make more for twine or for washing guita like other companies is something more corporate but warm feels so Well, one notices that when one You work with a company of this type, you notice it. It's just that sometimes as an investor you don't know realize because it is a little different side but one when you have contact with These brands are sorry So this It is very important, for example, I speak with Mateo from Ok X The relationship is so genuine and really it's an Okay I'm 100% transparent, this is useful to us you understand what is useful to you what you see what What do you feel you can improve? What do you think? What's wrong is that they receive so much feedback they listen so much they understand so much the other's point of view they trust one that sometimes eh that Even in in project is understood, felt and very important when understanding how a team works on a project that It's not just silver silver silver no matter how much the end is economic always the end is economic the issue is not the end the issue It's How we got to that end Then It is important to understand these processes a company and the team behind the company to also understand if it is a good project to take into account or not I particularly pay attention to this very much not only as a Trader but also Also as a content creator I want that brands or companies with that one works have a good relationship allow me to communicate with they realize the team with him What are you working on now if one doesn't? have contact with the brand at least try to meet the members see what they do and understand where they are going of truth and their genuine motives do what they do beyond the money So in conclusion it is very important understand all these things that we allow us to base ourselves on the community of a project and on your team to see if that add points or not add points to the time to determine if it is good to get involved in a project or not But again with We can't keep all this and there are still points there are still little things to keep in mind and one of those little things that we could actually get to have Even in some of the factors that we touched before but it's good to give it a separate section an extra section and I'm talking about White's analysis. papers because many times we have heard that it's a white paper eh the famous bitcoin white paper eh what is it this and why it is so important too To understand the viability of a currency if we are really interested get in there or not so on to the next one In the next class we are going to see this of the Whites And how to analyze them to understand well a project as such And what things we have to take into account because It is very important to read a white paper At first I even got into one that another unread project White paper per This is wrong Even in the market crypto is very important to invest in White paper because even though there is always speculation in the markets and many many times the markets are speculative eh it is important to read White papers because it is something more at the level fundamental analysis don't forget what I told you fundamental analysis allows you to understand which crypto to invest in in technical analysis allows us to understand when to invest So this form part of fundamental analysis because allows us to understand if we should get involved or not there So let's see this about Him White paper analysis because it is very important so come on I love it because you when You saw this, it must have called you a lot attention I forgot to highlight that since I didn't get an antipop for the today's recording I put this because I'm waiting for a new one to arrive shur that's great So when arrive you will hear the difference The quality is brutal, it's crazy, shur eh but in the meantime we solve how we can and how we want too but the who have a little experience in sound or those who paid attention You will have heard the popeo that when It was like this that you could hear all the wind and Now it's like it's already there, I don't know. He listens so much and is more affable because of it. that's why this striking red is not like that matches the scene. As much as it does combines is not the goal that combines and others but simply so that it does not the popping was heard we were analyzing and understanding the importance of the team and one of the things also more important that is very similar to the topic of the team that has to do with the project as such But maybe not not equipment and so on but it has to do with the detailed vision of the project objectives the team credentials and I'm talking about White's Analysis paper a White paper not only describes the technology and roadmap project but also reveals key information about the people who they are carrying it out by analyzing the White paper we can evaluate the experience transparency team dedication and factors that are essential to determine the viability and the potential for growth of a cryptocurrency the White paper of a cryptocurrency is a technical document that explains the details of the project including its purpose technology underlying the business model and development plans analyze the White paper is a crucial part of the Analysis fundamental since it gives you a vision depth of the project and helps the investors to assess their viability and potential for success now what Do you have a good white paper or what are they? the characteristics of a good White good paper as first component we have an introduction and vision general that this includes understanding the problem that the project addresses solve and its value proposition this is the purpose of the project must be Evaluate your long-term vision and project mission is realistic achievable another is the problem and the solution the White paper must explain clearly the problem or inefficiency existing in the market or technology current situation must be evaluated How the project aims to solve this problem identified the solution is innovative and feasible on the other hand another point a take into account is everything related to technology and architecture technical details AC is when analyzes the underlying technology including blockchain protocol consensus algorithms and others technical characteristics here we have to evaluate security measures implemented to protect the network and users We also have to see the tokenomics section, that is, the token economics understand how distribute the tokens among the team investors and the community must analyze the role and usefulness of token within the project ecosystem is essential for the functioning of the system when we analyze how encourages users and participants to adopt and use cryptocurrency for On the other hand we have the Road map or the sheet route that is to say the past milestones and future we must evaluate the milestones that the project achieved so far and the plans future the team met its goals passed and also determine if the schedule and future objectives are realistic and achievable the other is what which we already analyzed before, what is the team? and the advisors here evaluate the experience the skills and transparency of team members and the project then also its model of business in this section you have to be as the project plans to generate long-term income and sustainability in order to evaluate the strategy of market adoption and expansion project Has a clear plan to attract users and partners And finally the risks and challenges the White paper must identify possible risks and challenges that the project could face in this way we evaluate the team plans and strategies for mitigate these risks having said Let's see what you have to do what to do when you face reading a white paper that is to say you see a project interests you Although how do you may be of interest if there is no white paper maybe because a creator told you so then you go and say hey you know what I'm going to read the White paper The question is Okay but it's cool how I realized if the White paper is right, wrong and how to do it I analyze the first thing is the reading detailed read the white paper from beginning to end you have to take note on the key points the most important aspects essential are experience and team history transparency and communication and collaborations and partners the second thing is the evaluation criticism you have to analyze critically each section of the White paper questioning feasibility and realism of the statements and plans presented be critical try to counter him everything happens to me a lot that when I I present projects that I am about to put together I tell people I know to make me Elo [ __ ] i mean I can solve them because if I I present a project to them and they don't give me problems I get angry I tell him but I don't It seems like there's nothing wrong and no no no no I like it I show you something the ideal is that you criticize him as much as possible until there is a perfect version you have to be equal yes you are analyzing a white paper everything seems very nice but try find 30,000 problems and then try to see if those problems are solvable or not Because it is not treated try to make sure there are no problems because problems are part of any project any business any entrepreneurship anything new There are problems that arise, it is more than nothing about whether those problems are solvable What type of problems are they are long term short term avoid the progress of the project avoids project expansion What problems can then arise with those problems understanding a little the possible solutions that is why it is important to do critical evaluations other than can also do is do comparison with similar projects compare the white paper with others similar projects to identify relative strengths and weaknesses cases of success you have to analyze the projects successful and the factors that contributed to its success and in the cases from failures to learn from projects that do not achieved their goals and understand warning signs other than What you can do is consult sources external, that is, seek opinions from experts for further perspective wide and diverse about the project you can find on the internet all the White papers It is rare that a project does not have a public white paper and if you don't have it mm it's a problem because Open Ai was criticized a lot for that example when you released the latest version of gpt 4 the first in fact the Prim version because basically the White paper was like Open a era with no ends profit was rare because it had no purpose for profit and and just trying Bringing Artificial Intelligence closer to you everyone but now it became rec against commercial and when they launched the gpt 4 a while ago I remember that everyone was complaining because hey but it wasn't free code was not what they wanted helping the community was not that this was that the other and in the White paper it was not They told you the technology they used, they didn't tell you explained the mechanisms everything became very very secret let's say it's not bad not at all but if it happens it is for a reason reason in this case it makes sense was a very dangerous technology too to go around exposing the code and everything whatever you want So yes there is a reason it makes sense that there is one and if I don't study it, investigate it, that's why it's very important to study the White paper and now let's also go with the last thing that we have to take into account if fundamental analysis is about I know that Sometimes I am redundant with some things but it is better to repeat them and better to touch shared points instead for explaining it to them only once they fail or Imagine that out of every 20 people who watch this video maybe 3 people it costs That is, out of every 20,000 3000 4,000 costs them out of every 200,000 30,000 It will cost you 40,000 and probably less than That is, the majority with explaining it to them The second time it will fit better in the head and you will see it from another perspective So I don't repeat things but sometimes there are points that are shared and explained from another perspective then understand it one of those things that touch quite a few points the previous ones but it is still important understand it because it talks about other things new is this Mercado Qué events are the Market events and how affect the value of an asset or the fundamental analysis So let's see this last little point that we are going to see quickly what this is about the events of Market So let's go with this last one fundamental analysis class events Market What are the events of eh no te I scared you I didn't scare you What are events Market and the truth is that there is some type of problem in the person who does not understand what event means Mercado, I'm so generous that I'm going to them to explain Because that is my mission in this video or in this course the events of Market are situations or market events They basically occur within a scope economic and financial that normally have a significant impact on the price or value of an asset including cryptocurrencies these They can be events of all kinds, they can be events from internal to the project as government here here comes in game everything is events that happen in the market can be Macro can be micro can be internal they can be external can be from the company there is there Many types of events can be Techniques are simply events that occur in the market in which it operates or hey quote an asset it would also be like stock market events let's say why they are important to analyze simply because These types of events change the investors' perspective or usually do what is good This is reflected in supply and demand therefore alters the price for example there is an event that eh affects what is a regulation that affects negatively to that market we already know That makes the price go down and is a less attractive project to invest Now the opposite also happens to the inverse if it is an incentive to those who invest in that project or in those types of markets are going to go up, they are going to There will be an increase in demand, therefore there will be increase the price and its value the first type of event are the famous halvings the famous bitcoin halving is a spectacular example that is basically an event that happens every 4 years in the the amount of rewards is reduced that are given to the miners in half and the amount of bitcoins sold is reduced They create half or basically they are it's the same thing it just goes hand in hand What are two consequences of the halving? Other types are also, for example, government regulations and other This is what we talked about earlier. when we talk about factors macroeconomics are basically the changes in regulation or legislation affecting the use commerce or very important points of That market also has the collaborations and alliances that We also talk about it in Macro factors and micro that are agreements with others companies blockchain projects etcetera and precisely these types of collaborations They tend to increase adoption and credibility in the project also this We talked about it in previous versions that We are talking about the impact on the community that is, community events what are hackathon conferences active participation in projects open source or even events organized by the same community this It also strengthens the community. favor innovation and makes more people see the project gives it visibility We even also have adoption institutional that this is also We talk in Macro and micro factors if not I'm wrong but basically when important institutions adopt this technology. For example, many banks already did it with blockchain That is, they integrate this technology within your stack or your workflow or the They start using it later we have the protocol and hard updates forks are basically changes in the protocols or protocol improvements that They are made with the purpose of making it more functional improve safety perhaps They are the fastest, etc., the hard ones. forks are just when you do changes in protocols that are not backward compatible So that's a Market event. as something that allows you to change and something is no longer compatible with the above see see something like when they have fortnite for example and you download a version and can no longer use the previous one because they can't enter anything anymore This is how when your version is no longer you can use it on that computer because not anymore something similar is compatible now this one type of hard forks for example this type of updates because there are two things different eh usually generate like uncertainty and often volatility An example of a hard fork would be the case of bitcoin and bitcoin Cash in 2017 where a part of the community decided implement a change in the size of block to increase the capacity of the transactions which resulted in the Dos blockchain split separate currencies bitcoin and bitcoin cash Then we also have the issue of product launches and functionalities that is when they are done new apps new integrations Even if features are added things within a project or blockchain For example, this logically has a impact on the use and the project as such because they add functionality to it They improve his abilities, they make him a more attractive project later Also We have the listings for an event markets when, for example, they list a crypto or a project in a broker or in an exchange for example okex everything time prepares projects that it trusts and who are powerful and have a team solid What does ukx grab eh once who come into contact with this project They study it, they investigate it, they take care of it. that everything is in order that everything is regulated that everything is fine and everything is in order when they make sure that list the project and they say okay this is a good and healthy project so that people can invest just like everyone else does exchange of the world logically yes new projects appear that project It seems that everyone wants invest the exchange has to give you the possibility that you can invest for You study that first, you make sure that everything is in order and if everything is in order the Market event occurs which is the list appears, a date is set and time in which it is going to be listed and there everything