How To Start Making Money With Crypto Currency Step By Step

What is up, y'all? We're back again with another gem. With Juverit Gems. Is that a thing now? Juverit back again with another— does that rhyme? We back again with another gem. I am him, back again with another— I messed up the beat. Anyways, y'all, we back and this video has been highly requested ever since I made my last video. If you guys did not watch, it's literally right up there. I made a video on how I was able to trade my crypto all the way up It's letting me buy myself a fricking Tesla. <LYRICS>Richer than ever, whipping a Tesla.</LYRICS> So if you have not watched that video, it's a banger, go watch it. But today I'm about to break down the basics for you guys on what cryptocurrency is and how you can get started making money easily, fast. Two things that we love, fast and easy, baby, yes sir. First of all, you guys should not be investing into anything you do not know what the heck it is. Me personally, when I first started back in 2015, 2016, somewhere around there, I researched a bunch to try and figure out what the heck cryptocurrency was, what it meant, what it does, all that type of stuff. And I still didn't get it because everybody was explaining mad like smarticalness, you feel me? I was saying all words I didn't freaking know. So I am about to break it down for y'all so y'all can understand it, because I wish there was somebody like me that would have told y'all, or told me, what the heck cryptocurrency was in a regular way, not using all these Harvard words, you feel me? I'm not gonna go deep into what cryptocurrency is because the deeper you go into it, the more confusing it gets. I just want to give give you guys like a basic understanding of what it is. So basically, cryptocurrency is like decentralized money, money that isn't regulated. Now I know you guys are saying, he said he wasn't gonna use the Harvard words. Let's say you have a dollar or $100. Let's just imagine you have this. This right here is regulated. This is controlled by the government. They control how much money there is inside the world, how much they need to print, how much they, they, it's valued at, you feel me? They control all of that. Now what decentralized and unregulated means in simple terms, Simple, simple, simple terms, that's not the case. There's no one that's like, okay, Bitcoin is at 100 million, there's 100 million Bitcoins in the world, I think we need 500 million more. There's no board of people that's like, yeah, we're gonna make 500 million more Bitcoins. There's no regulations on it. It's, it's like completely independent, so to say. Now you can go deeper into it and like figure out that it's literally like computers, programs, like creating mathematical equations. That's all like complicated stuff like that. I'm not gonna get into it. I just want to give you guys a simple example of what it is. It's unregulated money, decentralized money, you feel me? And the way the value of it goes up and down is based on technically how the value of everything else goes up and down. So let's say Bitcoin, for example. Bitcoin was at $63,000 one day, $55,000 another day, $57,000 another day. It's always fluctuating, you feel me? Going up and down, up and down, up and down. And the reason why it's doing that is basically in simple terms, right? When someone— let's say there's a million Bitcoins, right? A million Bitcoins, let's say they're all priced at $1,000 right now. 1 million Bitcoins, all $1,000. Let's say 900,000 of them got sold off to people. There's only 100,000 left circling in the world right now, and everybody wants these things. They sell like hotcakes. They sell like freaking sliced bread at this point, you know what I'm saying? Everybody wants them, therefore they're willing to pay more for it. The value has increased of the Bitcoin. So if you're holding a Bitcoin out of the 1 million, now let's say your 1 Bitcoin you bought before was worth $1,000, now it's worth $2,000 because now the value of it is up because everybody keeps buying it, everybody keeps wanting it. And the same thing if everybody keeps selling something off, it's gonna lose the value. It's like, oh, maybe people don't want this anymore. So it's gonna lose the value, it's gonna keep going high and low. So in simple terms, more people that buy, the more the money, or more the thing costs. So Bitcoin, in the beginning, Bitcoin was nothing, was worth literally nothing. I remember, I know people that heard of Bitcoin when it was like 30 cents, 40 cents, you feel me? And now it's at, like I said before, I think right now it might be at like 56,000, somewhere around there right now, literally 56,000. So obviously a lot more people saw value in it and bought it, therefore raising the price. So, simple terms: more buy, more high price. Now that we got out the way a simple explanation of what the heck cryptocurrency is and how the heck it moves up and down, we about to get into why y'all should buy it, how y'all can buy it, and how y'all can make money buying it. Before we get into that, we do have to talk about the risk though. So With any investment, I don't want y'all to think, okay, I put $100 into Bitcoin, I'm finna make a million dollars. Probably not gonna happen, almost definitely not gonna happen, you feel me? But your $100 could turn into $1,000, $2,000, $10,000, $5,000, it could, you feel me? But it could also go down to $50, $25, $10. It could happen. All these things are possible with investing. That's with stocks, that's with real estate, that's with Literally any investment thing, there are risks. Now what I tell people when you're about to get started in crypto, never use money that you need, you feel me? So if your grandma's finna die, okay, your grandma laying on her bed, this is your grandma laying on her bed, this is like her stomach, you patting her right now because she finna die but she needs surgery. You got $100,000, her surgery is $100,000, but you hear, dang, Dogecoin to the moon, you hear Dogecoin to the moon, you feel me? Like, yo, maybe I could turn my $100,000 into $10 million and then I'll be able to buy a new grandma, you feel me? After grandma that's right here, I could buy a whole new one because I got $10 million, you feel me? So you take your $100,000, you put it into Dogecoin. Dogecoin has a bad day, your $100,000 turns into $70,000. Your grandma's dead. Your grandma's literally right here, you was patting her stomach, it's deflated now because she's dead because you ain't save the money to pay her, you feel me? And then you gotta pay for her funeral, so now you only got $50,000 left, you feel me? I'm saying all this to say, never spend money that you— or never invest money that you absolutely need. Never invest your rent money. Your last of your rent money, I should say. Never invest money you're supposed to use to go get your food, your son some lunch. Never invest any money that you actually need. You can invest your new sneaker money because you don't need that, you want that, you feel me? But I just wanna let you guys know, never invest money that you absolutely need because nothing is guaranteed in any type of investment. Now that we got all the boring stuff out the way, now I'm gonna tell you guys how to make some freaking money with the crypto. I personally use Coinbase, right? So there are multiple different other exchanges. There's Binance, there's Gemini, there's Bitstamp, Kraken. There's a bunch of different other exchanges where you can buy crypto, exchange crypto, sell crypto, all these things. But I've always just used Coinbase. If you guys want me to do a whole video on the different type of ones and why you should use this one over this one, I will do that because I am transferring some of my money from Coinbase into another one. Simply for the transfer fees is a lot lower on this one. But that's besides the point. If y'all want me to make a video about that, leave inside the comments down below. But today we're gonna talk about Coinbase because I think it is pretty simple, and I guess the most popular one everybody knows about. Keep in mind, you can use my link down inside description. It's the first thing inside description. Click it, you can sign up, you will get $10 worth of Bitcoin if you sign up and put some money into it, which is what we're gonna be doing by the end of this video. So I'm gonna convince y'all that y'all can turn to freaking Bill Gates Well, I ain't gonna convince you to turn up Bill Gates. Maybe like Bill Gates when he was like, not a bazillionaire, you feel me? So Coinbase has a website and an app. If you have an iPhone or Android, download the app on your phone. All you gotta do really is sign up. They're gonna ask you for your social security number. Now keep in mind, it is safe. I put my social security number in there and I haven't died yet or got my identity stolen. It is safe, Coinbase. I cannot say for anything else. Coinbase, I'm telling y'all, Coinbase is safe. You put your information in it, you gotta link your bank account, all that type of stuff. And for everyone asking, if you're under 18, can you invest? Technically no, but technically yes. Now don't tell the folk I told you this. No, but in all seriousness, I literally used to do this when I was younger. I made my parents open an account for me or an older brother. If you have an uncle, aunt, whatever it is, make them open an account for you. They just have to be over 18 and then you could just give them cash, like say $20. You go be like, yo, Uncle, put this $20 into Ethereum for me. They gonna do it, and in 5 years they gonna be like, yo, little Timmy, why you got $500 million in your Coinbase account? You gonna be like, hey, Juveer, you feel me? And I'm gonna be like, yo, where's my 10%, you feel me? So that's a little way for anybody that's under 18 to get into the trading game, 'cause it's great that you wanna start up early. The earlier you start, the more you learn, the more further ahead you'll be than all these old heads trying to get on it at 40, 50, 60, 70, 80, 90, you feel me? But you do need to be 18 to have your own technically. But once you've created a Coinbase account, you're like, okay, Josiah, I have the account now, I see all this stuff on my freaking screen, what do I do now? Now back when I first started with Coinbase, Coinbase only had a handful of cryptocurrencies on there. It wasn't all this, they got hundreds of cryptocurrencies on there right now, even ones that you can't even trade, they still all on there kind of clouding your vision, confusing you. Like, should I get Ethereum Chainlink? Should I get BAT coin? Should I get XRP, I'm gonna tell y'all, don't worry about it. This is why you're here. Subscribe, because I'm finna help y'all right now with the best investments to start off. Now before we get into this fully, I am not a financial advisor. I'm not a CPA. You cannot sue me. We're friends. Yeah, but what I want you guys to do, let's say you have $100, right? Let's say all you have to your name is $100. I told y'all not to spend all of your money or invest all your money. I literally just said that. You should, you should remember, you feel me? So I'm not telling you go put that whole $100. I'm not telling you put all your freaking money in some crypto. Put whatever money you do not mind losing. Put your, what I like to call, if I lose it, I won't die, but it would still kind of suck money into Coinbase. So let's say you have $100, right? You paid your rent, you got to pay for your mama's medical bills, you got to pay your church offering, your tithes, all that, you feel me? You got to pay, you got to pay all different types of stuff. You have $100, but now You're like, okay, if I pay off all my bills out of that $100, I just gotta spend $70 of that. So now you're like, okay, I got $30. Maybe I can go to the movies with that, you feel me? I could take my girl out, I could buy some sneakers, I can get some new drip, you feel me? No. We're being smart with our money now, you feel me? Take that $30, 'cause that's money that you don't need. That's money that's like, if I lose it, it's gonna suck, but I'm not finna die money, you feel me? So take that $30. Do not take your rent money. Do not take your grandma's surgery money. Do not steal your mama's credit card. Don't do none of that. Take the money that you don't— that you will not die if you lose. It would suck. Yes, it would suck, but you won't die if you lose this money. You won't be homeless. You won't do none of that. Take that money and put it into crypto. So for example, let's say you had $100, all your expenses is $70, you have $30 left over. Put $30 into crypto. Now what I would personally suggest is what I'm telling you guys to do right now. I would get $15 worth of Ethereum. The token is literally right there on the screen, ETH. You want to get $15 of Ethereum and $15 of Bitcoin. That is a solid foundation, but I like Ethereum a lot more than Bitcoin simply for the fact that Ethereum is more useful. It does a lot more. It makes more sense. Bitcoin is just like the first one out. It's the cool kid. It's like the first kid, you feel me? Like you, let's say you got siblings, you probably like the third oldest or something like that. You got the firstborn son, right? He's the first. He was the first one to come out your mama. Belly button, you feel me? But you're the third. Does that make the first one the better one just because he's out? No, he's just the first one. That's what I think about Bitcoin. Like, Bitcoin, it was like the first mainstream one. It's cool and all. I like to hold it just in case it goes like super, super mainstream, because if it does go— if everybody's using it every day to go to the grocery store, I believe the first Bitcoin— I mean, the first cryptocurrency people would use on a day-to-day basis would be Bitcoin, just because it is the most popular one.. But Ethereum is a better investment personally. That's my personal advice. So I would put $20 or maybe $25 into Ethereum and $5 or $10 into Bitcoin out of the $30 you made, right? So once you have that figured out, you put your big old lump sum in there. Now you're cooling. You're in the— congratulations, you are now an investor. You might as well be called Warren Buffett at this point. But that is not the end. If you did not watch my video on how I, how I got the Tesla, You do not just put one big lump sum in there and hope all your coins go to the freaking moon and you become freaking rich. That's not how it works. You need to continually invest, gradually put more money in it. So I'm going to give you a plan right now. Get your notebook, write this down, so I'm going to put y'all on game. So we're going to make an example of this just to make it simple for you guys. So let's say you have a job that pays you $100 a week. I personally would suggest that you guys take 10% of that and reinvest it into the market weekly. So 10% of $100 is what, kids? $10. It's $10 a week. So out of that $100 you make, $10 goes into the market. I will split that up either $5 into Ethereum, $5 into Bitcoin, and Coinbase does have an option where it automatically puts the money in there for you. So let's say you go on Coinbase and like, okay, every Monday I want $5 to come out of my bank account and go into Ethereum. Automatically it does it, so you don't even have to worry about doing it yourself. That's what I would do personally. I'll put $5 into Ethereum every single week, $5 into Bitcoin every single week. Or if you like me, I like Ethereum a lot more, I'll put $7 into Ethereum, $3 into Bitcoin. But you need to continually add to it. So I said that example for $100. If you make $1,000 a week, put $100 in it weekly, you feel me? And think about it like this, right? You're not losing the money, you're not spending $100 a week on something. The money is not going anywhere, it's being invested. You still have the money. At the end of the day, if all— if the worst thing ever happens, right, and you all out of money, like, let's say you have $1,000, you put $100 into Coinbase, right? If you all out of your $900 and you need to buy food, you still have the money in Coinbase. You can take it out. Now, I do not suggest taking your money out of Coinbase. You're supposed to let it there, sitting there, marinate, marinate, marinate, grow, grow, grow, you feel me? And then you take your profits. Don't go in there when you want some new sneakers, you feel me? Don't go in there when you want a Balenciaga book bag to impress a girl that don't even like you, you feel me? But at the same time, do not look at it as it's— you're spending $100 a week because you're not. You're investing it. It's still your money. It's growing. Hopefully, most of the time it's going to be growing in that, um, Coinbase account. So it's still your money. You still have it. You're not spending $100 or losing $100. Do not think about that. But y'all are set now, you feel me? You got your money in there. I told you what coins for now. Like, there are some more riskier coins that I will talk about, some altcoins that do move a lot, they can move a lot faster than Ethereum and Bitcoin. But I'm not gonna get into that right now. This is just for the basics. This is nice, safe investments for you guys, Bitcoin and Ethereum. If you guys want the video on the altcoins that move a little bit more faster, like Dogecoin and stuff like that, drop inside the comments down below. I'll do a video on it. I should do a video on Dogecoin because Dogecoin has blessed. Y'all want that? Like it right now. I'll do a video on Dogecoin as well, showing y'all like my portfolio, how much I made on it. Um, I'm gonna make a transparent video about my Coinbase too. Y'all gonna be all up in my business. Y'all finna be all up in my business. But I do have one more point for you guys that you guys need to do. This is the most important point of this entire video. If you do not do this, all your investments are gonna fail. Subscribe, 'cause I'm dropping gems every freaking time I drop a video. I was finna say every day, but it's not every day. It's whenever I drop a video, you getting some gems. 'Cause listen, right now I'm giving you fish. Y'all ever heard the saying, like, if you give a man fish, he can eat one day, but if you teach him how to fish, he can eat every day. Like, I'm giving you fish right now, but you can't always keep coming to me for fish because maybe one day I ain't fish and I don't got no fish to give you, and you don't know how to fish, so you just don't eat because I ate my fish and I don't got like no spare fish to y'all, you know what I'm saying? So I'm gonna teach y'all how to fish. That's why you gotta subscribe. What'd I do? Okay, this way. Reel it in. Whoa, it's me and my friend. All right, never mind. Anyways, that's gonna be— if you guys enjoyed it, make sure you leave a like. I hope I was able to help you guys understand what crypto is on a basic level, how it moves up and down, how to get started investing, how you could cheat the system and get an account if you're under 18, which coins you could— you should go into, how you should invest into it, how much you should invest into it, when you should invest into it. And, um, yeah, if you enjoyed the video, make sure you like right now. Drop in comments down below with more topics you want me to talk about, and I'll see you on the next video.