Why a Down Market is Your Golden Ticket
42sChallenges common fear with a contrarian view, offering hope and a clear call to action for crypto beginners.
โถ Play Clip"The title promises a guide for beginners, which it delivers, but it's padded with community promotion and repeated calls to subscribe, making it average."
This video is a beginner's guide to entering the cryptocurrency market during a downturn. The creator argues that a falling market presents a prime buying opportunity, drawing parallels to past market crashes that led to significant gains. The tutorial walks viewers through the process of setting up a Binance account, funding it, and executing trades, while also promoting a free community for signals and guidance.
The creator asserts that a market downturn is a 'tremendous opportunity' for crypto investment, citing that those who entered during the last crash four years ago made substantial profits.
For beginners, the first step is to install the Binance app, described as the world's top crypto exchange. Account creation takes 10-12 minutes, and a tutorial video is linked in the description.
The creator emphasizes that buying when the market is down is the best strategy, as the market will not stay down forever, especially with the 'coming era of digital currency'.
Viewers are encouraged to join a free community (on Discord) for market updates, potential coin lists, and trading signals, including guidance on stop loss and take profit.
The creator demonstrates how to navigate the Binance app: check verification status, access 'Asset' to add funds, and use the 'Spot' trading interface.
USDT is highlighted as the preferred stablecoin for trading. The easiest deposit method is receiving USDT from a friend via Binance's 'Receive/Pay' feature. P2P trading is warned against due to high risk of account freezes.
The tutorial shows how to select a trading pair (e.g., ETH/USDT), use 'Simple Buy' for immediate purchases, and set 'Stop Limit' orders for selling at a target price.
The creator explains how to place a limit order at a specific price and a stop-limit order (e.g., buy when price reaches 1800, with a limit also at 1800). The BBO option is mentioned for quick order matching.
The video provides a basic, step-by-step guide for crypto beginners to start trading on Binance, emphasizing the opportunity in a down market. It heavily promotes the creator's free community for signals and further learning, positioning it as essential for success.
What is the first step for a beginner to enter crypto according to the video?
Install the Binance app and create an account.
00:46
How long does it take to create a Binance account?
10 to 12 minutes.
01:12
What is USDT and why is it recommended?
USDT is a stable currency, considered the best, safe, and secure for buying or selling any crypto.
04:40
What is the easiest way to deposit funds into Binance according to the video?
Receive USDT from a friend using Binance's 'Receive/Pay' feature.
04:55
Why is P2P trading considered risky?
It can lead to account freezes, for example, by FI in Pakistan.
05:37
What is the purpose of a 'Stop Limit' order?
To automatically buy or sell when the price reaches a specified trigger price, with a limit price.
08:49
Market Downturn as Opportunity
Establishes the core thesis that a falling market is a buying opportunity, not a reason to avoid crypto.
00:04Historical Precedent for Buying in Crashes
Uses the example of past investors who profited by buying during market lows, reinforcing the strategy.
01:27USDT as the Preferred Stablecoin
Clearly explains the role of USDT in crypto trading, a fundamental concept for beginners.
04:40Warning Against P2P Trading
Provides a practical safety tip, highlighting the risk of account freezes in certain regions.
05:37Stop-Limit Order Mechanics
Demonstrates a key trading tool for automating buy/sell decisions, essential for risk management.
08:49[00:04] two people are the happiest. One is those people who want to see others fail and the other is those people who are waiting for the opportunity and this is a happy moment for them that brother, at this very time we have to enter crypto. At this
[00:19] time also a very tremendous opportunity has come up in crypto. Because the market is down. Those who entered the world of crypto four years ago made a lot of money because the market was down at that time too. Now the market is down again
[00:32] and this is an opportunity. We should take this as an opportunity and not miss it. Now, those people who are complete beginners and do not even know the basics of crypto, how can they benefit from it, we will know this in today's video.
[00:46] Look brother, if you want to enter the world of crypto and are completely new, then first of all you will have to sign up an account with some broker. Now you do not need to go to any physical shop for broker because we are
[00:58] talking about crypto digital currency. For this, it is necessary that if you have a mobile then you should install the Binance application. Binance is the world's top crypto broker. Exchanges are where you can buy and sell crypto.
[01:12] Now you will ask how to create an account? So brother, this is also not a difficult thing. It will take only 10 to 12 minutes. You will create your account and I have given the complete video of creating the account in the description. Go watch the video now and get ready to learn what
[01:27] you are going to learn today. Now since the market is down. This is the best time for buying. If you really want to, you must have seen people saying, man, I had invested $100. I made $1000. I invested $1000. I made $10,000.
[01:42] Why did that happen? Those people bought crypto at a time when the market was completely down and the market does not remain down forever and since the coming era is of digital currency, it cannot happen that the market remains down all the time. Now
[01:55] yes, here a question will arise that which token should we buy in this fallen market. If you want a complete list of coins that have opportunities, please let me know in the comments. The second option is that brother, there
[02:10] please let me know in the comments. The second option is that brother, there Market updates also keep coming there and every coin which has potential is also told and signals are also given. So the first thing you
[02:23] guys need to do is sign up for your Binance account. There is a video in the description, watch the video. When you sign up for your account. Number two, you have to join our community which is free of cost.
[02:35] You don't have to do anything. Just go there and start learning. The market news that is coming. There is something to know about crypto. There are some words that you will hear there. What is stop loss ? What is take profit? How do we
[02:48] ? What is futures trading? Well, I have already created a lot of content on my channel. But our plan is to simplify it further and not yet subscribed to the channel and
[03:02] pressed the bell icon, then brother, what are you waiting for? Go now, subscribe to the channel , press the bell icon so that you keep getting every upcoming video timely. So now we have created our account and we have also joined our community. Now when you
[03:15] join the community, then obviously signals come there that brother, buy BTC at this price and when it reaches this price, you sell it out and yes, stop loss is mandatory. Now how is this work done? For that we will go
[03:30] to the screen and I will practically walk you through how to open a trade on Binance. How can you place a stop loss? How to book your profit and exit from take profit. So let's not waste time and move
[03:44] towards the screen. Yes. So we came to the screen. First of all, you will get three lines on the top left side. You have to click on it. As soon as you click, you have to see whether Verified is written below your name or not. If it is verified then
[03:56] it means that you are ready to trade and your account is in good condition. brother, if you watch the entire video in which I have taught account sign up, then there I have also taught you how to verify. It takes 10 to 12 minutes
[04:11] brother, the account will be created. Ok? After that you have to come back and here at the bottom it is written Asset. You will click on asset and here comes add funds. Now first of all three or four ways to front ads. I am sitting in UAE so we have four
[04:25] you will have three options. Deposit crypto means that if you have USDT lying in any other exchange then you can deposit it here. USDT is a stable currency. There are other stable currencies as well. But USDT is the
[04:40] best and safe and secure. USDT is a stable currency with which we can buy or sell any crypto. Meaning you don't need to have US dollars to buy crypto. You must have USDT. Ok?
[04:55] telling you the same method. How to deposit ? I am telling you the method of the same. Ok ? Now the easiest way is to receive or pay on Binance. If you have a friend who is already already has USDT, then you will tell him, friend, take this โน10,000 and give me USDT worth โน10,000.
[05:10] So whatever rate is prevailing at that time, he will give it to you and deposit it. If you are in UAE or any other country where deposits are coming through USD, then you deposits are coming through USD, then you
[05:25] last method is P to BBI trading which is extremely risky and I often recommend that brothers stay away from it. What happens in this is that there are some exchanges or brokers sitting here who take money from you and then send it to you, not
[05:37] sending it is a risky job. fixed bugs? So even if you send it, your account gets frozen after that. If you are in Pakistan, then FI freezes your accounts there. So there is a big risk. So the easiest way is if a friend is coming, tell him that if you
[05:49] have a Binance account then send me this much money. Now that the deposit is done, the next thing to do is to trade. To trade, you will see Spot written at the top along with an overview. You have to simply click on Spot or come to Trade at the bottom.
[06:02] This is much easier. When you reach the trade at the bottom, here again the spot is already selected. Now the combination here is BTC USDT. Now if we have USDT then we can buy BTC with it. Otherwise you will
[06:15] click the arrow here. You will get countless currencies here. Come to the new page. Come on, the pairs you make with USDC. We have to look at the pairs of USDT. Now here you see there are lots of cryptos. Ok? Now whom do we have to say goodbye to
[06:29] ? Which guides us within our community. Expert traders are sitting there. He guides. I myself am following them only. Simply you have to come back here on new page. These are also new tokens which have recently been launched on
[06:42] Insha Allah we will make a video on these too. Apart from that, what we are already holding is Ethereum, BNB. If you want to buy something, for example, you want to buy Ethereum. Click on Ethereum. As soon as you click, you have to
[06:55] trade Ethereum USDT. Now the above written thing has come here. Now there are two signal you have received in the community, you should come here and follow it. ok sir. Now for example, within the community that brother, you have to buy at the current price at this time.
[07:11] So simply, whatever amount you have at that price, if you have 100 US dollars then you buy it with 100 US dollars. Whatever will be guided there, if click on Simple Buy Ethereum here, then
[07:24] it will be bought for you. Same, if you want to sell it, then you have to wait for the price at which you want to sell it, if so then you can go there and if you cannot wait then you can come to the market place and put a simple stop limit here as to at
[07:37] what price you want to sell it. Okay, this is the current price. At what price do we want to sell it, brother, we sell it. For example, when its price becomes Rs 2100. Ok ? How much to do? Whatever we have. Well, right now
[07:51] So I selected all of them. Here the total amount has been created and I will sell it on Ethereum. So as soon as the price reaches 2100, all my Ethereum will be sold out. You can apply the same formula on your belly also. Buy Pay, for example, if
[08:05] you want to immediately follow the signal you have received, then come to Limit and enter whatever price you have here. Ok? You will write that here, for example, whatever capital you have for Ethereum at this time, whatever amount of
[08:23] will write that amount here and the meaning of counter party is this, I will also show you by doing this here. Ok? The BBO is used to quickly set a limit order price that matches the BBO option. If you choose to use the BBO option when placing an order, the
[08:37] system will automatically select the matching market code to fulfill the order. Ok? It will automatically select it here. Ok? Ok? If we place a stop limit on the market, then more options also come to us here. Ok?
[08:49] For example, in this also the order of buy is executed within two steps. that brother, at what price do you want to stop? I say that brother, when it reaches 1800 then you have to buy it. A limit has to be imposed. You should also make the limit Rs 1800.
[09:04] ok sir. How much do you want to take? Yes, for example, in USDT we write that you want to buy 50 USDT as soon as the price reaches 1800, you will buy it. So I hope
[09:18] you have understood how to place the order, how to place the order by setting a limit, place the order, how to place the order by setting a limit, our community is on Discord. You
[09:32] can answer your questions there also. Inshallah, see you in the next video. see you in the next video. Take great care of yourself.
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