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BITCOIN_DOMINATION_pdf.md
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BITCOIN_DOMINATION_pdf.md
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# BITCOIN DOMINATION
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---
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Dominate BTC: How to easily
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rule the market
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|Odin the Wanderer|
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Hello,
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First I would like to thank you for purchasing my ebook. This will help me
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be able to invest more and it will also help pay bills. This is not a magic
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ebook like many others. This ebook will give you information on Bitcoin and
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how to use/invest in it to give maximum return and more profits. Any
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method promises 6 000 000 USD through no work is a lie. I will teach you
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the ins and outs of Bitcoin and hopefully you will (and if you follow this you
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will) earn more money. When though I make this clear in the guide the rule
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of thumb is the following and is imperative to you succeeding.
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- Don’t EVER be complusive
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- Don’t EVER panic sell
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- Don’t EVER believe troll box propaganda
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- Don’t EVER waste money on scam coins/other crypto-coins
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- Don’t ONLY ever have either fiat or crypto
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- Don’t trade on sketchy sites
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- PATIENCE
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- Calm and collected observation
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- Do your own research
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- DON’T buy into pumps and dumps
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I hope you enjoy this ebook!
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------------------------------------------------------------------------------------------------------------
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What is Bitcoin?
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Bitcoin is a peer-to-peer payment system and digital currency that is created
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through mining on either a CPU or GPU in which the computer will solve complex
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mathematical problems and algorithms in order to mine a ‘block’. Bitcoin uses
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software known as ‘wallets’ in which through the decentralized system of Bitcoin
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your coins and not counted but tallied, meaning instead of a centralized system
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checking you for a valid number of coins it will view all your transactions (as
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they’re public) and will use these to determine how many Bitcoins you actually
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have. Now you ask why is this information even relevant to speculation? Well, I
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will tell you. This is a philosophical statement, it will and cannot be ever used as
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valid currency due to it’s inherent problems. Yet we can still view this as an
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experiment. The network of Bitcoin is completely decentralized on the basis that
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there is no central bank giving out or generating the coins. This is big, very big.
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This is something people have had always discussed (as banks are viewed as
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corrupt entities, and really, who denies this?) and so people really are interested
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in this. No central bank. Anonymous in the fact anyone can make a wallet with
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ease and never give any information. Etc. This makes people buy into the Bitcoin
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market as they find it’s zeal revolutionary and often it is in alignment with their
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political ideology. What does this tell us exactly? It means that for the time being
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and while the experiment if you will is continuing, people will continue to buy into
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Bitcoin for these reasons ensuring a constant flow. In a way this is like a
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guarantee on your investment if you invest at the right time which I will discuss in
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another section of this ebook. With the understanding of the philosophical and
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political repercussions of Bitcoin you will be better equipped to understand
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Bitcoin.
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------------------------------------------------------------------------------------------------------------
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What is speculation?
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Speculation is the practice of engaging in risky financial transactions in an
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attempt to profit from short or medium term fluctuations in the market value of a
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tradable good such as a financial instrument, rather than attempting to profit from
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the underlying financial attributes embodied in the instrument such as capital
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gains, interest, or dividends. (Source: Wikipedia.org). Now what is the difference
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between speculation and investments? It is the margin of risk you are willing to
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shoulder. Investments are usually longer term and are considered generally safe
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choices. But this is for the more traditional type of investment like stocks. We are
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not dealing with a stock, we are dealing with a cryptocurrency which is valued in
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USD. If you are already familiar with Bitcoin you will know that the Bitcoin market
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is very, very volatile and you can make a lot of money or quickly lose everything
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you invested. The type of investments I am going to teach you are ones whom
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are very short term and will yield small profits but at the same time will
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accumulate into a large profit. But we can look at it another way, if we speculate
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Bitcoin we are effectively (as the name implies) inspecting the price of Bitcoin in
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the hopes that it will rise and will give a handsome ROI. Knowing how to
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speculate the price will greatly help you in investing into Bitcoin.
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------------------------------------------------------------------------------------------------------------
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Why bother speculating it?
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This is a great question undoubtably asked by some of you,
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“why bother speculate Bitcoin, isn’t it no different from any other stock?”. The
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Bitcoin market is very volatile, very volatile and it is very rare for anyone to ever
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see this much price fluctuation in a ‘stock’ (to make it simple we’ll consider
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Bitcoin “stock”). In one day Bitcoin can either surge $100 in ‘stock’ price or it can
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lose 50% of it’s value, making this very attractive to those whom like to speculate
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prices. You can turn a lot of profit from speculating it and the market almost
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always corrects itself if you it does lose value, patience will be your friend.
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Because of this it is no wonder why more people are actively speculating Bitcoin
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everyday.
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------------------------------------------------------------------------------------------------------------
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Where to purchase BTC safely?
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There are several places in which you can purchase BTC safely. One such place
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I commonly use is VirWox (https://www.virwox.com/). This is the safest and
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fastest way to obtain BTC in my opinion. The way you purchase the BTC is to
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sign up --> login --> under ‘My Account:’ find ‘Deposit’ --> Click that --> You now
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have several options to deposit money (most people have these basic online
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banking businesses such as paypal) --> You then deposit the USD --> Go to
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‘Exchange:’ and you will find ‘USD/SLL’ --> Convert all your USD into SLL
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(Linden Dollars) --> The find ‘BTC/SLL’ --> Then convert all your SLL into BTC -->
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You’re done, you have BTC from using your CC or Paypal from a trusted source.
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The first time you withdraw BTC from the site you’ll have to wait 48 hours for
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security reasons. This is by far the safest and best method I have came across
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unless you wish to use your bank account to transfer funds to an exchange
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(Which I advise against).
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------------------------------------------------------------------------------------------------------------
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Where to exchange?
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My favourite site is BTC-e.com/ru. The rates are the lowest on the market and
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the fees are minimal. There is a great and constant flow of exchanges. This site
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has always been on time with giving out payments with me and I think you would
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like it too. Other exchanges are often corrupt, unsafe, or they don’t allow you to
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withdraw your money like MtGox. It is straight forward to make an account and
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exchange, don’t look at the chat box othewise known as the ‘troll box’ because
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many people there just spread misinformation to make you sell or buy for them to
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make profit and make you lose.
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------------------------------------------------------------------------------------------------------------
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Where to find BTC price graphs/maps?
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I personally use http://bitcoinwisdom.com/markets/btce/btcrur as the place to
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view the current price and rates of BTC with РУБ or USD. This provides you with
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a very nice overview of the latest exchanges and prices of the market. The
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optimal settings I suggest is for each candle to be separated is 15 minutes to see
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the price changes. When you get out and buy in as I will detail later in this ebook
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I will tell you the best settings to view the trends.
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When to invest?
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Please look at the graph below to learn when to invest your money into BTC.
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The trick is that the market usually almost always recovers if it crashes, so don’t
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be too cocky and don’t buy in at unusually large prices. However in this market
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and in stocks in general (as well as life) patients will be your greatest asset. Don’t
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compulsively or panic sell, I repeat, NEVER PANIC SELL. Again don’t buy in
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when the price is already at high levels that are not with the current trend of
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prices. On BTCwisdom it is encouraged to use the day timer to see the opening
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and closing prices of the day. Making 15 minute trades are not profitable and will
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not help you. You can also to feel safe look at the current news, for example
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China Central Bank debarred people from using virtual currencies such as BTC
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which caused a massive shock in the market that dropped prices and made
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many people lose money due to less exchange volume from China which fueled
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the price to inflate. This is the most crucial step next when to get out, if you need
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help to determine when you buy in or invest please consult me and I can help
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you with pointers.
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------------------------------------------------------------------------------------------------------------
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How to read the graphs?
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If you ever get largely into stock trading or speculation you will see a reoccurring
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and popular graph system to represent value known as the candle stick graph
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system. If you understand it, it will greatly help and you will be undoubtably learn
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how to master the market. The funny thing is that many people don’t know how to
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read these graphs and don’t look at the hints if provides you. This is a folly that
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causes many to lose their money. This is an entire field and I can help you if you
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wish to inquiry more about it- but there are many videos which make it was easy
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to learn and I will link them here so you don’t have to do any searching. (I
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recommend that you take notes from these videos and place them in front of you
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as there are certain patterns that will help you see the direction of the market).
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Candlesticks Vol 1 - Candlestick Design
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http://www.youtube.com/watch?v=k9AlAvYa6MA
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Candlesticks Vol 2 - Candlestick Sentiment
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http://www.youtube.com/watch?v=v2TkJDseG8I
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Candlesticks Vol 3 - Candle Development
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http://www.youtube.com/watch?v=enPN5pIeGMo
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Candlesticks - Vol 4 - Candle Pattern Stages
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http://www.youtube.com/watch?v=r8HRouyRKsg
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Candlesticks - Vol 5 - Shooting Star
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http://www.youtube.com/watch?v=mt2_bm2Xy-4
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Candlesticks - Vol 6 - Hanging Man
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http://www.youtube.com/watch?v=_wg_NjFj1gk
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Candlesticks - Vol 7 - Hammer
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http://www.youtube.com/watch?v=wHDgt2HYpnk
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Candlesticks - Vol 8 - Inverted Hammer
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http://www.youtube.com/watch?v=xTP9gQ_6Sjg
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Candlesticks - Vol 9 - Doji
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http://www.youtube.com/watch?v=dWkSRpkU_Os
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Candlesticks - Vol 10 - Harami
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http://www.youtube.com/watch?v=WMwIHgV_FnU
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Candlesticks - Vol 11 - Dark Cloud Cover
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http://www.youtube.com/watch?v=9fJyoez8j7c
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Candlesticks - Vol 12 - Piercing Pattern
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http://www.youtube.com/watch?v=oaZ-BUoSu1s
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Candlestick Charting - Vol 13 - Bearish Engulfing Pattern
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http://www.youtube.com/watch?v=q77CUI8AeHk
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Candlestick Charting - Vol 14 - Bullish Engulfing Pattern
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http://www.youtube.com/watch?v=17V_5Y2rweA
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Candlestick Charting - Vol 15 - Evening Star
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http://www.youtube.com/watch?v=bkfg7icb6J4
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Candlestick Charting - Volume 16 - Morning Star
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http://www.youtube.com/watch?v=hoieLD74QTQ
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------------------------------------------------------------------------------------------------------------
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How to use the news to predict the future of the coin
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Like any stock in any market it Bitcoin is also highly influenced by news. It is also
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fairly straight forward and you need not to be an expert on this information. Good
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news usually will mean an increase in price (I.e Country embraces Bitcoin), bad
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news usually will mean a decrease in price (I.e Country bans Bitcoin). It is good
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practice to keep a list of readily available sources for the news. Here are a list of
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news outlets I personally use that are dedicated to Bitcoin related topics.
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A forum that you can give questions or inquiries about Bitcoin to, and also view
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news and happenings. There are many knowledgeable users here.
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https://bitcointalk.org/
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A twitter that gives some news about Bitcoin.
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https://twitter.com/bitcoinnews
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Twitter like site that gives some news about Bitcoin, isn’t always updated
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unfortunately.
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http://www.breakingnews.com/topic/bitcoin/
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Another twitter that is updated almost everyday with an interesting article or
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news.
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https://twitter.com/BTCNews247
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Last but not least reddit. Reddit is one of the largest communities online and has
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a sub-forum dedicated to Bitcoin. This forum has thousands of users and has a
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constant flow of information about Bitcoin added- this is my most used source. It
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also provides some interesting links and funny threads.
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http://www.reddit.com/r/Bitcoin/
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These will give you when combined 24/7 news coverage of Bitcoin related news
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which will be your greatest ally when investing. Remember, when there is bad
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news it does not mean to pull out, sometimes a drop in price is a blessing in
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disguise.
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------------------------------------------------------------------------------------------------------------
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When to get out?
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When do you get out? This is a question that many people actually cannot
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answer for you, and I will admit, this will be a task for me. Personally I believe
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that you should be in for the long run- panic selling is very destructive not only to
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your finances but to the market collectively hurting everyone else which will also
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hurt you. I HIGHLY suggest that you have in your exchange account a
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combination of fiat and bitcoin to make sure that you can invest more and pull out
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whenever needed. Make sure to remain calm in the situation and review
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everything. If you need money it is best not to pull out all your Bitcoin into fiat.
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Again, if you need help determining when to do this as every situtation is different
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contact me.
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------------------------------------------------------------------------------------------------------------
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How to exchange BTC with high rates?
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Last but not least there is the time when you have withdrawn your invested
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Bitcoin. Now you could have had converted it into RUR (or USD for my
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Americans) on BTC-e or whatever exchange site you use-- you now have one
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last option to maximize your profits and that includes using the very site you most
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likely got this ebook from: http://www.hackforums.net with this site there is a
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currency exchange that is vibrant and many people use this to exchange. People
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are also desperate for Bitcoin more than any other place I have seen in this
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section which is found here: http://www.hackforums.net/forumdisplay.php?
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fid=182 You will need to make an account if you do not have one and post a
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thread in the section. I will provide a template for you so you do not need to go
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through the troubles of this process.
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Thread title:
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H: Currency you want to exchange N: Currency you’re going to exchange for
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(use the payment processor to tell, I.e PP = Paypal)
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Ie. H: BTC N: PP
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Thread body:
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Привет,
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У меня есть «Bitcoin». Я хочу обменять «Bitcoin» для рублях. Вы идете в
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первую очередь. 10% ставка.
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Контакты:
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PM
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XMPP:
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SKYPE
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English:
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Hello,
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I have Bitcoin. I want to exchange Bitcoin for USD. You go first. 10% rate.
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Contacts:
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PM:
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XMPP:
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SKYPE:
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------------------------------------------------------------------------------------------------------------
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Thank you for taking the time to read my ebook, I put a lot of work into this and I
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hope you learned a lot. If you ever have any questions please contact me, I will
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be more than happy to help.
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And if you were wondering, the secret to this ebook is quite simple and elegant:
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Hard work and learning. These are as natural as breathing and I suggest
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everyone take from this.
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Payment and return proofs:
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BTC-e proof of my earnings:
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Left overs from my last
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withdraw:
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