 I'm going to be talking about how to invest in cryptocurrency. Now, like anything in life, one simply does not just invest in anything without knowing what they're investing in. Just keep that in mind. Don't be caught up in the foam of fear of missing out. Most people see something on the rise, they want to jump on the bandwagon, and they think they're going to make it. It's like the stocks, right? Oh, I heard my friends investing in the stock. Let's go buy it. Rubbish. Complete rubbish. There's a saying, if you don't know who the schmuck is in the room, you're the schmuck. So the first thing I tell anybody before investing in cryptocurrency is don't. And I'm not saying don't because it's not a good idea. I'm saying don't because you don't understand the space. Like myself, I wouldn't invest in anything unless I truly understand it. So the first step is study the space. Understand what cryptocurrencies is. If you guys don't know what Bitcoin is, what Ethereum is, what cryptocurrency is, what blockchain technology is, there's a guy below this video. Okay, that's the first step. Understand what you're investing in and take your time. Spend a couple of months reading about it, become an expert in the field, okay? Then once you have a grasp around the industry, the technology and the different cryptocurrencies that you can get started. So step one in getting started, once you've done the research, is open up an account on any single exchange. So you can go to Kraken or Coinbase. Those are simple ones, easy to set up and deposit some money. Don't start big. You think they're going to become rich investing crypto. That's not the case. You don't just become rich doing anything. There's a process, there's a strategy, there's, you know, how risk averse are. There's so many different variables for this. So I always tell people, start small, put a 500 bucks in because, hey, if you've been investing or if you're thinking about it and if you study the space, you see this volatility like this all over the place. Crazy volatility, especially now in cryptocurrency season, it's crazy all over the place, okay? 500 bucks, put it in. So now once you have 500 bucks, what do you invest in? So you connect your bank account either through Coinbase or Kraken. You deposit 500 bucks of fiat currency. Get the big two, okay? Get Bitcoin, get Ethereum for now. Simple. Keep it safe. Even though there is a lot of volatility, it's still roughly safe within the other cryptocurrencies. So you have 500 bucks, I say 250 Bitcoin, 250 Ethereum. Next thing what you want to do is continue researching and educating yourself on the other cryptocurrencies. There's millions out there. I'm not going to name them right now. You can do your own research. But pick one. Find out why that cryptocurrency exists in the first place. Find out the team behind it. Find out what problem they solve. Read their white paper and really understand should you even put any money into this? Because like any different market, cryptocurrency is no different because you have speculators, you have speculators, you have market demand, you have supply and demand. You have different layers and different variables and different teams and different individuals and institutions manipulating their prices. No different than anything else, okay? So you have to understand all the different layers. So do your research on every single coin. For example, do your research on Ripple, do your research on Dash, do your research on Litecoin, do your research on Monero, do your research on Golan, do your research on A&P, do your research on... You name it. Like I said, there's thousands. I'm going to name them all, right? But do your research on every single one. Understand the space. Okay? Take it if I want to do, if I want to start investing in stocks, I'm just going to simply invest in it. I'm going to research Tesla, Amazon, Google, Shopify, I'm going to find out who's on their team, who's on their board, what's their plan, what's their early earnings from last year, etc. All these numbers and all these things I need to know before I invest, okay? So get that information. Next thing you need to know is talk to people. So a lot of these cryptocurrencies, they have public figures, not all of them, but some of them, actually most of them do, talk to them, send them an email or talk to the team and figure out what's going on internally. Join their Slack channel. Join their Skype channel. Join Facebook groups. So there's a good Facebook group, Cryptocurrency Club. Join that. Check that out. There's a bunch of different resources like that, but really go into the community and see what these individuals from these coins are actually doing. Finally, once you have some information and let's say you've noticed that, hey, Bitcoin has gone a little bit up and Ethereum has gone down a little bit. Time to allocate. Maybe like every quarter you look at your holdings like any other investment. You're like, okay, I'm going to move a little bit to this. I'm going to move a little bit to that. So that's it. It's not complicated. These are small baby steps, but these baby steps gradually increase to bigger steps and these bigger steps gradually increase to huge, enormous steps. So you might go from $500 investment. Next thing you know, you're $1,000. Next thing you know, you're $25,000. Next thing you know, at $100,000, you know, $100,000 of somebody's money, that's something not to be messed around with no matter who you are, okay? So you don't want to be losing that out and people have lost millions of dollars in cryptocurrency space because of greed, because of fear of missing out. Greed is a, it's very dangerous, okay? So you don't want to be greedy. You want to be smart. You want to be risk-averse. You want to minimize your risk as much as possible, okay? So let's repeat that again. I have the steps right here if you're looking at that. Step one, actually a precursor to step one is, there we go, precursor to step one is understand the space so you can check out the guides below, okay? And step one is go to Kraken or Coinbase. There's a link below this video, okay? To set up your account. Step two, invest a small amount like $500 or so, okay? Step three, buy the two big ones. For now, they're pretty stable compared to the other ones. So that's Bitcoin and Ether. Step four, research and educate some more. So start picking the cryptocurrencies that interest you. Figure out why people are investing in it. Figure out the problem it solves. Figure out the dev team, the whole team, everything and spend some time and understand it, you know, become a master at it. The next thing to talk to the experts will talk to other people who are investing in the space, whether that is individual investment or maybe they have like a crypto fund, okay? And then finally, it's time to reallocate. So every quarter, like Ray Dalio talks about in his old weather portfolio, you want to reallocate your investment. So if you're noticing some areas is down over here, put that into areas or improving much better or performing much better for yield, okay? That's it, it's not too complicated. This has nothing to do with day trading. I'm not talking about day trading at all. I don't do day trading. This is just talking about long-term investments. And for anybody who has any inclination investing, this is simple steps to start. You know, it's not complicated. But please don't think that all of a sudden you're gonna get rich overnight. Because a lot of times, that's what I'm hearing from people. They're trying to put in a thousand bucks, they're gonna make 10,000. There's a lot of people do it, but high risk, you have a very, very high risk of losing all of that. So if you have like a high risk type of persona and you can handle losing that money, lose it. Go for it. But most people don't. They don't want to lose $1,000. So you want to mitigate your risk as much as possible and work your way up. So that's that, guys. Like always, I'm giving out Bitcoin and Ether. You gotta leave a comment below with your Bitcoin and Ethereum address and a suggestion, okay? Not just your Ethereum and Bitcoin address, none of that stuff, okay? And if I've given you before, I'm gonna give you to again. I know who I've given to before. I have a list, okay? And make sure to share this video. Peace.