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Act 3

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0% found this document useful (0 votes)
79 views13 pages

Act 3

Uploaded by

Christina Brown
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 13

1

DISCLAIMER
We would like to emphasise at this point that ALL content provided by The Crypto Circle
across ALL platforms (both paid and free) is intended purely as educational content ONLY
and should never be taken as financial advice. All information received across these
platforms should be used to supplement your own knowledge and investing and never be
solely relied upon as a financial investment guide.

2
THE CRYPTO BLUEPRINT

ACT 3
SUMMARY 4

HOW TO BUY CRYPTOCURRENCY 5

TRACKING YOUR PORTFOLIO 6

TRANSFERRING CRYPTOCURRENCY 6

STORING YOUR CRYPTO 7

WITHDRAWALS 7

PYSCHOLOGY OF INVESTING 8

POST BULL RUN MARKET STRATEGIES 9

CONCLUSION 10

EXTRA SERVICES 11

ACKNOWLEDGEMENTS 11

REFERENCES 12

3
SUMMARY

The Blueprint, in essence, is a very simple concept. We have compiled years of experience,
hundreds of thousands of hours of studying the market cycle, and presented you with our
knowledge. Remember this is simply our thesis behind this market cycle and how we expect
it to play out. As anyone knows, nothing is a certainty in the cryptocurrency world. This
guide outlines the process that we will be following, and all of the theory associated behind
it.

Broken down to its simplest components The Crypto Blueprint:

- Phase 1 – Until Bitcoin reaches its previous all-time high of $20,000, your sole aim is to
accumulate as much Bitcoin as possible. This can be done either from directly purchasing
from fiat currency or trading ALT/BTC pairs. Remember to never risk your existing BTC
holdings.

- Phase 2 – Once BTC has hit $20k, we will transfer our BTC holdings over a select few
Altcoins that we believe will thrive in what should be the first “Altcoin Season”. Bitcoin will
be expected to pullback/consolidate during this time, Bitcoin Dominance will likely fall.

- Phase 3 – By referring to both the ALT/BTC and ALT/USD pairs we can look to see where
the Alt Season tops out. We will then once again transfer capital back into BTC, which
should set on its journey to create new all-time highs.

- Phase 4 – The second true “Alt Season” is what many have been awaiting. The most
exciting part of the entire cycle, where once again we will be holding Altcoins, waiting for
the moment to cash out.

- Phase 5 – Once the ALT/BTC pairs look to have reached their top-end targets, we want to
cash out by converting our funds to a Stablecoin. We have elected to use the Haven
Protocol due to its added security against the likes of USDT. We will also be using Haven’s
Loan service to generate passive income after the Bull market is complete.

4
HOW TO BUY CRYPTOCURRENCY

For those of you who are new to the space, you may be asking “ok, this is great, but how do
I actually buy cryptocurrency?” The answer isn’t as difficult as you may think.

The easiest way to set up cryptocurrency purchasing is via the Coinbase app. This enables
you to link your debit card to place purchases. There is no minimum amount therefore we
suggest you only invest an amount that you are comfortable with, and will not need access
to in the short term.

A common question that people who are new to this space often as is “How much should I
invest?” The simple answer is – whatever you can afford to lose. Once you go above this
(like many people do), your emotions will get involved and you will not be seeing the market
in an objective manner.

There is an option to create automatic recurring purchases. The app will also let you convert
Bitcoin into Altcoins, in addition to withdrawing straight to your bank account.

If you feel you want to use a more advanced platform, we suggest using the Binance
exchange. It may be a good idea to sign up to Binance regardless as you may want to use it
further down the line and there is usually a backlog of authorising new accounts once the
market gets extremely bullish. Binance also has arguably the largest selection of Altcoins to
trade.

If you wish to purchase Altcoins from Binance (or any other exchange), most likely have to
buy it against Bitcoin/Ethereum/USDT. For a novice this can be a little daunting at first. This
is the process that you need to follow:

- First use your Fiat currency (GBP, USD, AUD etc,) to purchase some crypto – this can be
done via Coinbase or linking your card to a Binance account.

- Deposit the crypto onto the exchange (process explained on the next page) and select the
trading pair you wish to buy. For example if we wanted to buy some LINK using BTC we
would select “LINK/BTC”. If we were going to purchase some TOMO using ETH we would
select the “TOMO/ETH’ pair. You must select the select the “buy” tab! Conversely, the sell
tab will reverse the process.

- Once the buy is complete, it should show up in “order history” and your wallet will reflect
the buy.

This process may seem complicated at first, but after a couple of successful purchase it will
become second nature.

An additional reputable exchange with excellent withdrawal limits is Kraken, this has been
around for a while and the huge interface improvements over the past couple of years has
made a huge difference.

5
TRACKING YOUR PORTFOLIO
The Blockfolio app Is the most convenient method for entering all purchases, it will update
itself automatically live in real time. This is the easiest way to keep track of all
cryptocurrency prices and the performance of your portfolio. You can also have multiple
portfolios on there.

As tempting as it may be, try not to consistently check your Blockfolio app. There will be
significant changes (in both directions!) but do not let this phase you, remain objective and
stick to the Blueprint!

TRANSFERRING CRYPTOCURRENCY

One of the things that people who are new to cryptocurrency find the most daunting is
transferring cryptocurrency from one place to another. This honestly is not as difficult as it
may seem. The process is the same throughout. You need to “withdraw” from one source
and “deposit” into the other.

For example if you were sending some Bitcoin from Binance to a hardware wallet you would
need to “withdraw” from Binance, and find the “deposit” address on the wallet. Enter the
“deposit” address when asked.

Bitcoin will usually be a 26-35 long “address” containing both numbers and letters. We
strongly suggest never writing out the address, simply copy and paste it from one source to
the other. Always ensure that the first 2-3 characters and the last 2-3 are identical.

This process is consistent throughout all cryptos, however, with XRP, you will need both an
address AND a destination tag. A destination tag is a 9 digit code that is linked to every XRP
account – remember you will need BOTH otherwise the transaction will not only be
unsuccessful, it will also be lost forever.

6
STORING YOUR CRYPTO

Remember to keep your crypto safe! We recommend taking your holdings off the
exchanges, and generally in cold storage – on a hardware wallet of some sort. These are
cryptographically encoded storage methods for your cryptocurrency. A “hot-wallet” is an
online wallet that you can use to store your holdings, and “cold-storage” refers to an offline
usb-like device. As cold-storage is offline, it is definitely the safer option. Either a Ledger
Nano S or X is a great hardware wallet, and is our chosen preference.

It is also sensible to have multiple hardware wallets if you have large amounts of holdings.
You may want to share your private keys with 1-2 people that you unconditionally trust, just
in case you lose your access codes. Private keys are essentially the “passwords” to access
your wallet. Remember, wherever you have your crypto stored, whoever has access to the
private keys is in control.

There will be a time where you feel that BTC is approaching $20k and that you want to have
your crypto readily available on the exchange. This makes sense and we would not
discourage being prepared whatsoever.

WITHDRAWALS
Withdrawing your crypto back into your bank account is a fairly straightforward process. We
must emphasise the importance of seeking financial advice from an accountant who has
knowledge in crypto as they will provide the correct information regarding paying tax. This
whole area is still very grey as the space is still very young.

Coinbase will let you withdraw straight from the app or website to your bank account,
usually within 1-2 working days.

There are crypto debit cards that you can use spend your crypto in retail stores, like a
normal debit card. We recommend Wirex as this is FCA regulated and has a high daily use
and withdrawal limit.

7
PSYCHOLOGY OF INVESTING
The Crypto Blueprint is a very simple approach to the cryptocurrency market. One of the
most important aspects that we wanted to incorporate into the entire approach was for it
to be accessible for everyone, and for it to be as stress-free as possible.

Having been introduced to the cryptocurrency space in 2017, literally, nobody could have
been mentally prepared for the ups and downs that have ensued over the past few years.
From the pure euphoria of the last bull run to the slow and painful bear market that
followed, there aren’t many emotions that we haven’t experienced within this space.

The world today constantly provides many forms of instant gratification, whether that
comes from social media or from other various sources, people are used to spikes of quick
“happiness”. Investing (correctly) could not be a more polar opposite. Whether it is the
cryptocurrency or the stock market, nothing brings rewards more than time. The single
most important characteristic you must have is patience.

You can read and apply every single investing guide known to man, however, nothing will
ever beat being in the market for extended periods of time. While this may not apply to
cryptocurrency in the same manner as the stock market, the general principles are very
much consistent.

“It’s so simple but the long game destroys people”

This quote sums up the space to perfection. Many people have made decisions that they
regret afterwards because they were too focussed on price action on a lower timeframe. If
you are concerned about Fear Of Missing Out (FOMO) or you are unsure over entering a
position, take a few deep breaths, zoom the chart out and reconsider. If this still does not
seem clear to you, often the best thing you can do is step away from the charts for at least a
few hours. The Blueprint does not require any perfect entries, and often you can do more
damage than good if you enter a position that you are not 100% sure over. Coming back to
the chart with some newfound clarity can often lead to significantly increased efficiency in
your positions.

We would like to emphasise the importance of having people in your network that are on a
similar journey. This was one of the vital aspects of The Crypto Circle that we wanted to
create. Reach out to people who are following the Blueprint (and feel free to message
ourselves!) to discuss not only the technical but the psychological aspect of managing your
portfolio.

Finally, the importance of “forgetting” about your holdings cannot be emphasised enough.
Remember to only invest what you can afford to lose. If the amount you have invested is
greater than this, it will cause you unnecessary stress. This not only goes against all investing
principles but it completely goes against our ethos. We want this process to be as stress-
free as possible. Do not feel you need to check the Bitcoin chart or refresh your Blockfolio
every hour to see the latest prices. Zoom out, relax and let time do its thing.

8
POST BULL RUN MARKET STRATEGIES
Should the Blueprint play out in the manner that we anticipate it to do so, many of us will
have a significant change in our financial fortunes. We must stress at this point, it would be
sensible to consult professional financial advice in terms of how to manage your money.
Newfound wealth is not easy to look after, as the temptation to spend it on highly
depreciating liabilities (cars, clothes etc.) is great – especially within a traditionally young
demographic. The reason why many lottery winners lose a lot of their money, very quickly,
is because they create a lifestyle that they cannot maintain. If you choose to live an
expensive lifestyle, you must be able to have the relative continued income to support that.
Spend less than you make and continue to invest – simple but key principles that we must
all try to adhere to, regardless of our financial situation.

Various streams of passive income are what we are all working towards. The aim is to
generate as much passive income as possible, so we can choose to live life on our own
terms and not have to fulfil somebody else’s dream. You want to be worth more when you
wake up than when you went to sleep.

As the crypto market has started to mature, various options have been created as possible
streams of passive income for us. We will be focussing on two potential avenues for you to
consider – Binance Lending and Haven Loans.

Binance Lending is a well-established aspect of the Binance platform. It is very simple to use
and as the name suggests, requires you to “lend” your crypto. You are essentially lending
your holdings to cover margin traders, who pay you interest in return. This can be either
over a fixed or defined time period and is seemingly a better option to use when we are not
in a bear market – however, there is the option to lend USDT – which could be useful during
a bear market. Note to proceed with caution when it comes to potential issues with USDT,
as highlighted in Act 2.

The second option, Haven Loans is something that we are very excited about. The Haven
whitepaper describes it as:

“a crypto loan system built on smart contracts which allows Haven holders to earn interest
on their offshored assets, and loan takers to leverage their crypto holdings without the need
to sell.”

Haven Loans does two things:

• It allows users to increase the value of their offshore assets by loaning them out and
earning interest.

• It allows users to increase the amount of crypto assets they have by borrowing against
their existing assets and paying interest to do this.

Haven Loans is due to launch later this year, and will be our preferred option once available.
The introduction of the xUSD decentralised stablecoin and Haven Loans is a massive

9
achievement for the crypto space, and enables anyone to have their own private bank
account.

CONCLUSION

“It’s easy to make things difficult, but it’s difficult to make things easy”.

The cryptocurrency market is still very much in its infancy and as a result, we don’t have
large amounts of data to look back on to predict the future. From what has been available
to us, we have compiled all of our knowledge into creating The Crypto Blueprint. How
successful this thesis is, will be shown in real-time, and having you all alongside with us in
the journey is a greatly exciting prospect for us.

Transparency and professionalism are two of the key cornerstones that we wanted to stay
true to throughout this process. We essentially wanted to say “this is what we know, this is
what we believe and now let’s see what happens.” We had seen countless courses being
sold, with no accountability for their content or results, the last thing we wanted to do was
to put out just another trading course.

The timing of this project has been interesting, to say the least. The world is in a difficult
place, in almost every manner. We wanted to create something that had the potential to
change lives, something that anyone could pick up and become a part of. We had various
conversations about the format of this platform, and we felt this approach was as simple yet
potentially productive as anything.

The process has been taxing, but hugely enjoyable. Ironically, this entire process was
created via WhatsApp. We haven’t actually seen in other in person since that original
conversation in late 2019, nor have we even spoken on the phone – not once! This was not
deliberate, our conversations just seemed to navigate very organically. If you could see a
snippet of our daily conversations, you would be stunned at how we have managed to
create this.

We would like to thank everyone that has been a part of this journey, and you for believing
in us. We don’t know what will happen throughout this market cycle, but we have
attempted to place the odds as much in our favour as possible. If we go to the moon, we’re
all going together, and that is the most important thing of all.

Your Sincerely

James & Amish.

10
EXTRA SERVICES
We appreciate there is a lot of information here, this was the intention. Although we have
presented it in a way that is as simple as we could make it, you may still have some
questions. Taking this into consideration we have arranged an online or in-person service
for you. If you have any questions regarding the Blueprint that you would like to discuss feel
free to book a session with us directly via the website www.thecryptocircle.co.uk.

ACKNOWLEDGEMENTS
This project is the product of all the knowledge gained over the past few years. This would
not have been possible without many incredible individuals, thank you to every single
person that has been a part of this process, and in particular:

Lewis Mocker
BTC Jack (@btc_jacksparrow)
Plan B (@100trillionusd)
Raveena Kaur
Corian Charles
Dilen Pattni
Howard Ma
Diogo Chaves Franco
Niraj Parekh
Zack Fisher

11
REFERENCES
https://news.bitcoin.com/10-years-ago-bitcoins-genesis-block-changed-the-course-of-
history/

https://www.investopedia.com/terms/c/cryptocurrency.asp

Bitcoin white paper - https://bitcoin.org/bitcoin.pdf

Plan B – Stock to Flow – Modelling Bitcoin Value With Scarcity


https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

Bitcoin Stock-to-Flow Cross Asset Model


https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-
50d260feed12

https://medium.com/@nic__carter/visions-of-bitcoin-4b7b7cbcd24c

https://plot.ly/~BashCo/5.embed

The Bitcoin Standard by Saifedean Ammous

Bitcoin Billionaires by Ben Mezrich

The Bitcoin Reformation by Adamant Research - https://docsend.com/view/ijd8qrs

The Tim Ferriss Podcast - The Quiet Master of Cryptocurrency — Nick Szabo -
https://tim.blog/2017/06/04/nick-szabo/

The What Bitcoin Did Podcast - Tuur Demeester - https://www.stitcher.com/podcast/what-


bitcoin-did/e/60527732

https://www.blockchaincenter.net/bitcoin-rainbow-chart/

https://twitter.com/davthewave

https://twitter.com/davthewave/status/1072441941390974982?s=20

https://twitter.com/davthewave/status/974495409774084096?s=20

https://twitter.com/davthewave/status/1072752451722203137?s=20

https://twitter.com/ercwl/status/1250537262800142336?s=20

https://www.britannica.com/topic/diminishing-returns

https://blockgeeks.com/guides/cryptocurrency-market-cap/

12
https://support.blockchain.com/hc/en-us/articles/360027491872-What-is-an-ERC20-token-

https://twitter.com/Bitcoin/status/1259927482058158081?s=20

https://bravenewcoin.com/enterprise-solutions/indices-program/blx

www.coinmarketcal.com

www.coinmarketcap.com

Haven whitepaper:
https://www.havenprotocol.com/files/ugd/4f3cdc_fadc169c04a342a9bc4eee93f408628a.p
df

https://www.huffpost.com/entry/a-brief-history-of-the-
do_b_348253?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_
referrer_sig=AQAAABAaedDAP0ENw-2T1ZCgZGl2J4tbXy1OzQ-
Fowg51RHL8I2tMc_0LqKKdXAzDPWBcTz93KzbMXUVsFaoAOuMQyEvTJPeqbYTOMXfnMzoHl
CTZWvCBxz56QbQu4hM_-ZKfPDLOeGxDMTDxE1Z2P_peuljE2RUnNN6lykybDodEjJ6

https://www.investopedia.com/ask/answers/09/gold-standard.asp

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