How To Invest & Make Money From Bitcoin For Beginners – My 2018 Strategy

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all righty you guys what’s going on this is Joshua elder and in this video I want to talk about how to invest in Bitcoin for beginners so this is gonna be straight talk from somebody that is a beginner been in the game now for about two weeks sat on the sidelines for quite a few months and obviously you’re at this video because you’re seeing where bitcoin is going and so I decided to jump in headfirst and learn this whole game so I’m gonna be documenting my journey on everything that I’m doing my strategy how I’m investing my Bitcoin where I’m investing my Bitcoin the business opportunities I invest I’m investing my Bitcoin in and also my low risk marketing strategy being a marker that’s been in the marketing industry for about ten years or so I saw this opportunity with Bitcoin and how I could effectively you know reach the masses and market this to different people you know across the world using channels like like you to like the video that you’re on here so not only do I want to use these platforms to earn Bitcoin myself but I’d also like to teach other people how to do this so I want to be transparent with what my agenda is and I will get in a little bit more detail on my exact strategy but you’re obviously at this video because you want to learn a little bit more about how to invest Bitcoin I’m guessing you know a little bit about it I’ve been studying up on some literature here this is cryptocurrencies 101 by James Altucher I’m not affiliated with James in any way shape or form but I will put a link in the resources section below to where you can learn a little bit more about crypto currencies and just the basics because there is a lot to cover and we don’t have hours upon hours to cover that in this video so basically what is a cryptocurrency cryptocurrency is basically a digital currency and there are some huge benefits of going with a digital currency versus like a fiat currency like the US dollar or you know the peso or the British Pound or you know Canadian dollars or so on and so forth so what I want to do is I want to cover just five main philosophies of crypto according to this very book right here number one reason why a lot of people are seeing the vision with crypto currencies and within bitcoin specifically is the security you know for example Jean James sends money to Jo Jo’s going to get that money right so number one security number two it’s decentralized right you don’t have banks regulating it you don’t have banks holding on to your money right so there is no geographic borders to the currency which is great and number three as long as I don’t botch this on the first time I swear I’ve been practicing this word anonymity it’s a tongue twister it’s anonymous right so nobody needs to know about your transaction so which is great right and then number four forgery this currency cannot be duplicated you can’t go out there and create this special printer and start printing this currency of course because it’s a digital currency so it’s really the same as as number one security if Jean James sends money to Joe and Joe sends money to Bob Bob can trust the money is not forged by someone along the way right so there’s no duplicate money and number five there’s a controlled supply right so you can’t just mine a limit a limitless number of bitcoins right there was a controlled supply so it should always be known by every party how much supply exists and under what conditions supply would stop and in probably every case whether supply has a maximum for instance the maximum number of bitcoins that will ever be mined is exactly 21 million bitcoins so those are the five main philosophies of crypto and why crypto keeps going up right now cryptos it’s December what is it December 17 2017 the time of the creation of this video and Bitcoin is trading right around nineteen thousand dollars per Bitcoin so with that said that’s a little a little history on Bitcoin what I want to get into now is exactly my strategy what am i doing how am i buying Bitcoin what wallet am i using what change am I going to what you know business opportunities around the crypto space in my leveraging so that’s really what I want to get into now so let me go ahead and jump into my computer and let me kind of show you what I’m doing step by step with full transparency so let’s go ahead and do that right now alrighty so the first thing that we want to do is we want to go to an exchange to purchase our Bitcoin one of the most popular Bitcoin exchanges out there is coin base that’s what I go with I know there’s tons out there but I like their ease of use and their security they do charge a little bit more in fees from what I’ve heard but this is what I know works and I haven’t had a problem with them up to this point so obviously you can see here Bitcoin the current price is at nineteen thousand three hundred $18.73 one hundred forty eight percent increase since the last month just insane and then we got my portfolio that you can see here so you’ll notice I don’t have a lot of Bitcoin in here because I have a Bitcoin in my own personal bitpay wallet which I’ll talk a little bit about in just a second but from what I’ve been taught from what I know is that you should distribute your Bitcoin amongst different Bitcoin wallets online and offline I’ve seen a lot of people get their Bitcoin wallets hacked from different sources the most secure type of source of securing or Bitcoin would be a offline wallet which would be a physical wallet like a treasure wallet which I will be creating more videos on that in the future but I’m not to the point where I’m investing heavy amounts of bitcoins so this works fine I just use a app on my phone called bitpay and I can actually order Bitcoin straight from bitpay bitpay actually connects to coinbase so I can purchase coins from bitcoins from coinbase and it will automatically be transferred into my bitpay wallet which is super cool so again you have offline and online wallets there’s all sorts of different wallets out there the most secure it’s going to be an offline wallet just make sure that if you’re buying a lot of Bitcoin distribute it throughout different sources online and offline so you don’t put all your eggs in one basket and get your Bitcoin hacked into and lose all your money you don’t want that to happen so a little piece of advice there from what I’ve learned you can see my recent activity right here I just bought some Bitcoin today on December 17th about $500 worth I’ll show you kind of what I’m doing with that and you can kind of see that I got started here on the 7th roughly about ten days ago and then if you want to go ahead and buy Bitcoin you just go right here of course you set up your payment method Bank is gonna be the quickest I don’t think there’s as much fees with the bank if I remember correctly you can also do debit credit but there’s limits on that so the nice thing about Bank you got a ten thousand dollar weekly limit I know if you’re using like a credit card you got about a $250 a week limit so you can only buy so many Bitcoin per week so just depending on your situation I did start with a credit card about a little bit coin there and now that I’m making more investments investing kind of more heavily I’m going with my own bank so you can select any one of these they offer litecoin you third eutherian and bitcoin i’ve bought like $100 worth of eutherian mostly my eggs are in bitcoin right now but i know there’s a lot of icos that are coming out some of them are you know legitimate about 99 percent of them aren’t so you got to be super careful so I will be coming out with some videos on some different icos as we continue our journey here together so super simple you can say okay I want $500 USD and Bitcoin you can go ahead and click here and buy it and then it takes a while for the blockchain to do its thing as you can see this says it’s going to arrive on Saturday 1223 2017 so in about a week it’s saying you can also what you can do is when you’re buying and I didn’t you realize this but there will be a little tab that I believe pops up and if you want your Bitcoin delivered faster you can pay an extra fee for that so it just depends on the urgency of how fast you want your Bitcoin which I’d like this a lot quicker so hopefully it comes in quicker than what we’re seeing here yeah that’s that’s basically how you purchase Bitcoin and then if you download the bitpay app let me just see if I can pull it up here and this is probably gonna be hard for you guys to see but you can actually see right here you can connect your coinbase account hopefully you guys can see that and then you can just go straight into the app and purchase Bitcoin and then transfer it into your your Bitcoin wallet which you can probably see up here somewhere maybe you guys can’t see this hopefully you can but this makes it super easy to buy Bitcoin to receive Bitcoin from other people and to send Bitcoin you know to anybody else so I’m obviously investing a little bit right here and then most of my effort is going to be in the business opportunity side of it since I’m a marketer I know what I’m doing when it comes to marking I can teach other people how to market I recently got started with a company called USI tech and if you want a little bit more in-depth information about them and how they work the history all that cool stuff there’s a link below in the description I will list that link there so you can learn a little bit more about USI tech but basically they’re like a mining company so what you can do is you can invest into this company and then that company will take that money and use it for mining and make money from mining then pay you interest based off of the investment that you give to them and you can purchase in packages so each package depending on the price of bitcoins right around 60 bucks and then you earn daily returns and you can kind of see right here if I go to I believe it’s under package options and place order you can see it’s pretty awesome so what you can do there’s two ways of actually three ways or tube two basic ways of earning one is purchasing Bitcoin packages and letting those do the work for you which is basically your investment into u.s. Tech and then it’ll pay you on average right around 1% okay so you’ll actually get a hundred and forty percent return on capital in a hundred and forty working days so you’ll get your capital back in one hundred and forty days and you can choose to reinvest that capital you can reinvest the daily capital that you get back which is pretty dang cool you can also make money by recruiting and you can see right now I’ve got just just got started here somebody else just rolled in I got about four signups today eleven people just join and then they can purchase Bitcoin packages and then you can actually let me go to the pay plan details you can get paid ten percent on each Bitcoin package that somebody purchases right so if they purchase one hundred dollars worth of Bitcoin packages you get ten bucks which is awesome and it goes down twelve levels so of course there’s an incentive of purchasing more Bitcoin packages the reason why I purchased twelve is because you need twelve to call it qualify and you know I put about right around eight hundred dollars into this when I first got started so you’re noticing they’re not putting all my eggs in just one basket and you know investing in a Bitcoin itself and relying on Bitcoin to go up but I’m also taking that Bitcoin and I’m investing it into other areas so I can earn interest regardless of Bitcoin goes up or down I will earn daily interest from that investment and that’s what’s great about it that’s what’s great about a company like usi Tech is that I can you know not only earn from the growth in Bitcoin but I can also invest into this company and get daily returns back and there’s people that invest a whole lot more than I do you guys again I’m at the beginning stages and I want a very low-risk way of building a business with this so yeah I’m not only just relying on myself but I’m relying on people like you and my team to build this business together so yes I will make money off of people that I recruit as long as they buy packages right but in turn I give an overwhelming amount of value you get access to you might exact marketing strategies and methods that I’m using to bring in people like this and then they buy Bitcoin as you can see Cody did here today and then I get paid on that and we all win if you can you know plug into my training and duplicate my process so I’ve got a full you know Facebook group full of people and I basically teach you my marketing strategies my methodology is exactly what I’m doing daily in my Bitcoin business to minimize my losses if that happens of course crypto keeps going up and to make profit regardless of what’s really going on with Bitcoin because I’m not putting all my eggs in one basket here in the coin base but I’ve distributed my Bitcoin you know across USI Tech there’s also bit connect I haven’t done anything I haven’t touched bit connect yet that is super popular right now it’s something that I may be doing in the future but I want to take this step by step right I don’t want to overwhelm myself I don’t want to overwhelm my new clients you know coming on board with me and I want us all to kind of crush it and succeed together right so if this sounds good to you you can learn a little bit more about us I detect the history it’s been around for about eight years that’ll be in the description below you can learn a little bit more about it and yeah I think that’s I pretty much covered everything pretty well and then of course this Facebook group this is where we can engage in iraq with each other so you need help with anything please please don’t hesitate to reach out to me because i know when you first get into US i tech it can be pretty overwhelming as to like how do i invest how do i transfer my Bitcoin to coinbase because you do have to obviously invest Bitcoin into this you have to transfer you have to purchase Bitcoin from coinbase transfer it to your wallet and then transfer it over to USI Tech so it’s pretty easy and step-by-step again there’s information below in the description that will show you how to do that also if you run into any issues just feel free to reach out to me on Facebook you can go to facebook-dot-com forward-slash Josh C Elder that’s my personal profile I am maxed out on friends but I will still get your messages to make it even faster you can go to my Facebook fan page again I’ll leave these links in the description as well you go to facebook-dot-com forward-slash joshua elder online and you can message me through my fanpage too as well so I will I check both pretty much daily so I’ll make sure I get back to you but three essential things you need cone base accounts you need a wallet okay bitpay wallet free to download from the Apple Store if you’ve got an iPhone Android obviously the Google Play Store you can download it too as well and then usi tech is the business opportunity that I’m leveraging with my Bitcoin to create other income streams so super excited to have you on board if this sounds good to you of course go ahead and click the link in the description it feel free to contact me really really excited to have you on board and you know let’s let’s crush this off together and if you haven’t already make sure that you go out and get this book again I’m not affiliated with James I just purchased this I got his newsletter and you can just type in James Altucher I’m sure into Google and you can get this book and you know I paid like $49 for his yearly newsletter and there’s so much value in his newsletter and he’s got a video series to that’s also here in book form basically the same thing but it’ll walk you through everything about crypto currencies and I think you’ll get a lot of value from it so with that said this is Josh elder signing off for more resources on updated videos I will put you know videos in the resources section as we go too as well to help you along the way and I’m pretty much going to continue to document my journey so if you like what you’re hearing here please subscribe to the channel click the red button like this video and most importantly comment below what are your questions what do you think about Bitcoin did this video help you and give you some clarity on moving forward with Bitcoin so if it did please let me know regardless in the comments you love it hate it we’d love to hear from you guys and we will see you in future videos take care