Good morning everyone in this video we are going to talk about what is the relic application for cryptocurrencies combined with what is the BY bit exchange that I am currently using because in my opinion it is the simplest to use and therefore let's say that it makes things easier for us let's not waste time chatting and let's go straight away with screen sharing to see the entire functioning of this magnificent application Here is the relic application as you can see already at first glance it is very similar to the others therefore to shift Titan only that it has a small feature that makes it truly in my opinion the smartest application because we are talking entirely about the crypto world within this application there are trainers who study and constantly analyze the world of cryptocurrencies every day and share their operations with us they share their analyses and we can decide whether to match it or leave it as always here are our commercial ideas then we have our ranking with all the trainers who send this operation How can it be Gino Sam and within each of these trainers we have all those that are the history of how they are go the operations that have been done in the past that have been done eh now that I'm recording this video we are on January 3, 2025 and all these operations have been sent Up to last year So December 31st the 29th the 29th then anyway there are days that maybe they send them they do more analysis and days in which maybe there is no analysis because they don't see a good market a good market situation but you here inside you can see all the history of how the latest operations went eh Then at the bottom there is another button which is mastery mastery is a is a how to say it is a somewhat formative section because up here at the top there are eh Two main topics crypto Basic and blockchain race practically what what are crypto Basic are micro videos of micro micro lessons on some topics in the crypto field So obviously we are talking about the basics and what I invite you to do is to watch the video again where we talk about Wow where there is all the training in the crypto field but anyway inside the application there are some videos that help you understand For as regards the blockchain instead here too There are some videos some clips some very useful content that can certainly be useful to you and you can find them all inside your application Ok by clicking on the video that interests you The multimedia player will open and you will be able to view it But let's understand well how this application works like the others and when we decide to follow a trainer to follow their analysis their analysis what is it that we can do we must First of all understand in which market we are operating so for example let's take this last operation that Sam shared with us at this moment Sam made us understand that he was investing in this coin We are only talking about cryptocurrencies when there is SL usdt or SL Bitcoin SL usdc we are talking about cryptocurrency So at this moment he invested Indeed today at 6:00 pm he invested in this coin hype SL usdt went into buy so he bought this coin Now I will also make you understand well the approach with which you can use this application that you can use it in two ways Either by simply buying the coins and keeping them long term or operate with futures So with leveraged operations What does it mean what is the difference when you operate with the spot so you buy a coin you can only sell it if you hold it so before selling a coin you must have it in your hand Ok while instead when we talk about futures leveraged operations we are talking about drift So what does it mean that we can sell a certain coin even without owning it Ok it's a bit like what we do with for example gold forex Ok that we cannot that we can sell gold even without owning it the same thing here so The second approach the first you must necessarily have a certain crypto to sell it in the second approach then I will show you the difference you can decide to sell a coin a cryptocurrency even without owning it Ok obviously Let's go to the second option let's go and use what is the leverage which is a tool that allows you to allows you to invest money that you don't have Ok so after we go and see everything in a very very clear way so we practically have all the operations in here and if we go and open the curtain We will go and see that as in shift as in Titan we have our Take profit and our stop Loss logically Here we can decide to match or put a shorter stop Loss a wider Take profit obviously here too it is a bit to your detriment So if you are competent in the crypto field And you know what you are getting into you can modify this data Otherwise you can simply limit yourself to following these these numbers these numbers these Take profit and this stop Loss Logically it is a little different from what is shift and Titan Because if you See there are no points So as in shift there are 15 points 30 points etc. etc. in brackets Here there are percentages because with crypto they have decided to operate through percentages ok So practically the layout is very similar So we have our currency our trainer our buy So he is operating eh in buy with the futures so he is operating with a lever ok The lever Eh you can you can decide which one to use if you are competent you know the levers Eh go ahead calmly use the levers you prefer Or you can decide to use maybe a leverage of 5 and a leverage of 4 ok Obviously Be careful to use the leverage because the higher the leverage the more you expose yourself to risk Ok I on average use a leverage of 5 maximum 10 when we talk about ethereum when we talk about Bitcoin therefore of important coins ok otherwise if they are small coins that maybe I don't know and I use a much lower leverage ok So 4 5 or 6 after we go and see well well well how I use it too ok So once I have seen buy I can understand that he is operating with futures and down here I see Take profit and stop Loss I at the moment am using a risk return of about one to three so what does it mean men-1 of stop Loss plus 3 of Take profit ok Obviously All This whole application eh no no you can't use it on metatrader 5 or metatrader 4 like the others but You will have to use an Exchange you can use binance bybit cu Coin oex whatever you want I at the moment for demonstration I use bybit which is what I mainly use when I want to simulate what are the operations of our trainers the first thing you have to do is obviously create the bybit account don't worry that below I have created a guide a step by step a procedure to help you create this account obviously after creating it you can decide whether to use your real money or the demo versions because even on bybit you can use a demo version as with any Broker that gives you the possibility So basically bybit gives you the possibility to use for example 10,000 202,000 in demo version to do your tests just as we like because we don't go immediately risk our real money But let's go and do some tests with the demo ones so let 's move directly to bbit I at this moment bypass all that is the creation of the account because I have already created it Ok once you have created it what you have to do if you want eh obviously deposit your real money There is the button here at the top deposit and then there will be a procedure I think I will insert deposit your money while instead if you are interested in using a demo account here at the top left there is a section Eh that practically where there is this Eh this Mino this this little animal Ok which is the sponsor of bybit once you are inside here what you have to click is here demo Trading once you are inside Demo Trading you have in your hands a real demo account Ok right now I have a demo account of $ 200,000 ok And with these $ 200,000 you can do whatever you want Obviously I repeat if you earn money you cannot withdraw it but at the same time if you lose money you do not have to reimburse anyone it is purely for educational purposes ok So how does by bit work Eh so it is very simple because down here we have the home button where Here we have the most capitalized coins of the last of the last period and then if we go a little more to the right we have the Trade option so where we make the real investments when we go to use ehm all those that are the relic inputs we use this screen because inside this screen at the top you can see the graph of this coin and you can decide on which timeframe to see it eh you can go a little further down enter your dollars that you want to invest you can decide the leverage and what leverage do you want to put ok So now slowly let's understand together eh How to use all this Eh all this ok So basically when you log in you will see that you will be up here on spot Ok so the first time you log in you will find yourself in this section by bit spot and as we said before when you want to make a spot investment you eh can only buy a crypto as the first option because the spot is exactly the investment that you want to make in the long term so you buy the crypto to then resell it at a higher price Ok while instead when we move into the futures area we can sell a crypto even without owning it and this is the beauty of futures that allows us to do all this as we do with gold as we do with forex even with crypto ok So you have to be careful with futures Because we are talking about investments in Leverage and when there is financial leverage as I was telling you before by definition financial leverage is a tool that allows you to invest more money than you have Ok so consequently You have to be very careful very careful so let's go for example let's give an example let's go and take an operation that has arrived on our relic application and let's insert it on bybit so at least you can see how I use it And how I exploit it Ok let's go and take one that maybe arrived a few days ago and maybe this Ok one thing I want to add As regards the choice of crypto because you have to be careful for a moment And you have to pay attention because many times and it often happens to me too when operations arrive from an Inter trainer finished trainer maybe I don't know the crypto ok So you have to be careful here because many times maybe it happens that a trainer actually analyses a graph of a Meme Coin shares it and we don't have time to enter that maybe it has already risen sharply or has already gone to stop loss ok So what I'm doing today ehm is precisely when I see a crypto Ok so for example let's go and look for hype usdt let's go and look for it on bybit to look for a crypto what is it you have to do obviously we said that at this moment the demonstration we will do it with futures ok So let's go and click where it says home usdt and this search engine will open here we will go and look for hype usdt ok So here it is hype usdt so we going to click on hype usdt usdt perpetual perpetual note it is to specify that we are using futures we go and click on it so I found on bybit a crypto that was shared on relic so since for example I can't find this crypto I don't take it I leave it alone because maybe it is a crypto that is about to come out that hasn't come out yet that hasn't been listed on my Exchange and so I leave it alone ok So if you know it because you have analyzed it etc. etc. I don't prevent you from taking it select it and insert it on your Exchange But what I do is exactly this I don't take it even if I don't find it on bybit I don't take it or if you are a little more competent and are able to use the Coin Market CAP site that you I leave it below in the description Coin Market CAP It is a site that allows you to see the volumes of a certain crypto How much money is it moving How much money is coming into that crypto how the trend is going and therefore from there you can understand if it is a good crypto if it is a bad crypto and consequently do your analysis also because Guys we are investing our money we invest our money in something that we know not that we do not know so all the more reason we need to be 10 times 10 times more careful so let's go and see exactly as we were saying before taking this this operation um usdt so let's go on By bit let's go and look for um usdt Here it is OM usdt I click on perpetual and here I have my graph of Om usdt and below I can eh set everything that is my order Obviously I have already done all this before for demonstration So as you can see below I first operated an operation On M usdt which at the moment is making me a 2.51 per. on this coin I made a 5x investment What does a 5x leverage mean so let's now understand a little better What are these levers and what does isolated or cross mean ok Because there are two types of levers the isolated levers which are those levers where you can decide the risk So what does it mean like in Forex you have a capital of 1000 Ok you want to put a stop loss of 1% so your risk will be $10 the same thing is here when you use an isolated lever you can decide to insert inside this coin for example $100 and $100 are the maximum that you can lose if you go to stop loss while instead there is another there is another lever that you can change it up here I at the moment always always always use the isolated unless you are competent expert and know what you are doing you use the Cross But we will use From now on isolated ok isolated Exactly it is the lever that I was telling you where you can decide the risk while cross If you click on confirm you will see that up here Eh it changes from isolated it goes to cross and what is cross cross is an investment where the maximum that you can lose is the entire capital so it 's like if on one hand using isolated you have an account of 1000 you decide to risk 100 and the maximum that you can lose is 100 while instead using cross It's like if you entered this currency with 1000 So the maximum that you can lose is 1000 so Let's be clear it's not an excellent capital management In fact it's terrible ok So I don't use it and I don't recommend it unless you know what you're doing So for the moment let's go and use the one that is isolated once I have selected isolated here I can decide the leverage that I want to use Obviously I can use a leverage of 25 but you have to be careful for that most of the time I use a leverage of 5 if it's not actually a crypto with high capital like Bitcoin ethereum xrp Ok so once I decide my leverage I just drag this Slider I save here it gives me ok I basically Okay it tells me that I already had it at five so it doesn't let me change it I'm already ready what do I have to do I obviously see here that I have my capital of 9,000 down here I leave Market and down here it is very important because Because when we go to insert this value it is the usdt in Leverage that we want to invest What does it mean Let's try to put 100 since we are using a leverage of 5 Ok we are using five times more money that we have So what does it mean down here there is this little rectangle that goes to tell me and the money that you are actually investing from your portfolio that you are risking is 19.7 If we do 19.7 for 5 and add some commission we get to $100 if I put 1,000 you see here it goes to $200 so $200 for 5 is 1000 let's do an example and let's put for demonstration purposes the leverage of 10 so be careful guys don't use the leverage of 10 Unless you know what to do so always use the leverage 5 4 5 6 but never 10 ok So let's go and make an example let's go and put 1000 let's look below 100 What does it mean because I put a leverage of 10 so I 'm using 10 times more money than I'm willing to risk So I 'm risking 1001 from my wallet but here I have to put 1000 because in here I already have to put the value multiplied by the leverage So if I put 100 I'm practically risking 99.91 because there are commissions and once I've chosen this so let's go and put the leverage back 5 save Ok once I've put this I at this moment want I want to use a capital of let's say 100 Ok 100 in Leverage so 19.71 once I've done this I'm going to insert the Take profit and Stop Loss So I'll have to click on the plus to add the take profit and the stop Loss I know it's the first time you've watched this video Maybe it's the first time you 're watching this procedure and you it may seem a bit Arabic I'm too fast but what I advise you is to watch this video again 4 5 10 15 times because you have to understand 100% how it works and if you still haven't understood after this video write it in the comments and I'll surely be able to answer you so let's go and understand how to use the Take profit and the stop Loss logically let's see the wording here so when there is Take profit I have to insert the take profit when there is the stop Loss I have to insert the stop Loss So here we have to There are two types of people the one who use the actual value of the coin so for example maybe the coin is let's see how much this coin is at ok this coin is at 3 3.90 Ok I there are two types of people those people who go here and write 3 for example 95 or 4.20 Ok so here How can I decide what number to insert logically I can go here and copy what the trainer inserts So I can potentially put Take profit 5 therefore 4.19 17 therefore 4.19 17 and what and how can I understand how much I'm earning and if I enter this value I logically understand it below because below there is a wording Sorry I got 4.17 below there is a wording in green that tells me how much I will earn ok So calculate guys that we are investing approximately Eh Let's see let's see let's see $119 if I go to enter this Take profit So we said 4.17 I will earn $6 so we are talking about 30% in Leverage Ok so if we instead go to use because we want to earn at least 100% So at least double what we invested We will go here to enter 100% if we put 100% you see that below eh it becomes 19.63 and that 's what we will earn if the market if this coin reaches 4.71 E2 ok So you have to be very careful here because eh it's not as immediate as shift Titan but you have to think for a moment and in my opinion it's really simple because what I do what is When I want to take a trade I come in here and I'm going to insert my 300 because I'm using a 1 to 3 risk return So I lose one, I gain three Ok so at this moment I'm only setting the take profit below here instead I'm going to set the stop Loss Here too there are those who maybe put 3.58 ok So 3.58 what does it mean that I'm putting a stop Loss equal to 8.66 So what does it mean if I was risking before I don't know if you remember $20 Ok so here I tell them even before the $20 go out door take home even if I'm losing take home the loss and as you can see here we're not talking about 100% if I put 100% to use a 1 to 3 risk return so - 1 + 3 ok I lose 1 gain 3 and you see below that 19.63 is what I would lose which is equal to our liquidation price So to our stop Loss in the leverage that we have inserted so I don't know if you remember but once I have entered these two values I will lose 19 the maximum I will lose 19 and the maximum I will earn will be 58.90 unless I then go to modify certain data during the process so once I have done this I go to confirmation and I go to confirm what is my operation as you can see I have put my my leverage isolated 5x the market $100 because it is multiplied by 5 my value So I am risking 19.77 here below we We have set the take profit and stop Loss now what is missing is clicking on Long once I click on Long my operation will open Ok at this moment even if I open it it does not open because I have already opened one and once it is open what can you do eh This is the operation here before I took others just for demonstration to show you so I took Stem usdt which at this moment is eh earning 12% This is the 3.55 This is the men-1 men-1 now and And this 4.56 here on the left this 1.35 are the dollars that I am earning I entered with very little Eh so I am I am making some examples I did some tests before I entered with $20 so eh so here What I am earning is proportional to what I invested But let's go and see Actually What can I do once I have opened this operation so we have just opened OM usdt in Long with the 5x leverage I am earning this and I can eh in the course of the work As I was telling you before use rather a ehm how to say I can go and modify what are the Take profit Or I can by clicking on Close buy so I can decide in the course of the work to make partial amounts to take home certain earnings ok So practically If I wanted to sell 100% now I take home everything In fact here it tells me that 1.07 awaits me if instead I want to take home 50% and let the rest run I will take home 0.53 ok which is 50% of my earnings a time that I have done this just let's do this example I want to sell 50% I click on confirm and I have sold 50% of my contracts So my profit has gone Exactly in my Wallet So these are three buttons that I can use so set Take profit or stop Loss I can go and modify Eh what is the take profit or the stop Loss when there is trailing stop I can insert the Trading stop a bit like in Forex as in the indices and when you want to use the partial take profit or the total closure you use the third button and here you can decide how much to sell So maybe if I want to sell 100% I confirm and it will sell me 100% ok So below all the others a very very interesting thing that you can do when you have the operation open It is to enter where there is this rectangle with the arrow that rectangle with the arrow if I click it will take me to my screen eh with which I can make the screen So inside here it says my name my crypto how much I made the leverage etc. etc. so this too it's a very nice thing if you want to make testimonials etc. etc. so this is a bit Eh the operation eh of bybit connected to relic Eh I hope I've been as kind as possible obviously there are a lot of other things that you can know inside bybit but this is what you need right at the beginning to understand the whole procedure eh how to say step by step to get to read an operation on relic and insert it and then open it On by bit one thing I want to add before leaving us is how to use and how to insert a spot order inside bybit so we are always talking about the demo account Where we find the home button at the bottom left and then the Trade button so Let's say I want to buy or make a long-term investment on Bitcoin So I want to buy maybe $ 1000 in Bitcoin and keep them long-term and without Take profit without stop Loss because I have analyzed I trust my skills I know it could grow as an investment and so I decide to do it so at this moment what is it that you have to do you have to go here on bybit in the spot section so unlike before we are in futures you have to go to the spot section and here go to insert the currency that you want so always remember that when you search for Bitcoin usdt you have to click on the one where it says spot once you have found it click on it and the graph will open and you go to click on buy ok So now let's create what is our buy order as you can see here we have our buy currency and down here we have the quantity of usdt that we have available on our demo account here we have to insert Market because since I want to buy $1000 I want to buy them now so if you want to buy them now unlike maybe when it reaches 100,000 when it reaches 990,000 you if you want to buy them now put Market Ok so maybe we put $1000 in Bitcoin and down here we click on buy once I have purchased these $1000 I will find them at the bottom right in the asset section as you can see down here I have 0.01 Bitcoin which are they took some commission off me a cent and that is 1 1 e5 commission but I have my Bitcoins here and when these Bitcoins here maybe they will be double what do I have to do I have to go here in the asset section I will have to go to Bitcoin click on Bitcoin and go here where there is Trade Bitcoin usdt what do I have to do I will have to sell them So instead of doing buy I will have to put Sell and it gives me 0.01 available which is my 1000 So I down here and leave Market and I can help myself with this little ball so I will bring it to the right so that if I want to sell 50% I sell 50 if I want to sell 100 I sell 100 once it is on 100 I click Sell and by clicking Sell it will sell me the entire value of Bitcoin And I don't have it down here anymore I don't have it anymore or rather I have a few cents So 0.09 which is nothing compared to my $1000 but I opened my spot order even if I showed it in a few seconds but after maybe a few months I closed it because I had a 50% profit and my usdt will be back in my usdt deposit because I used usdt to buy Bitcoin and then I sold Bitcoin for usdt so basically they went back there so this is a bit of everything you can do on bybit even if it is exactly that minimum that is what I explained to you today exactly the minimum there are a lot of other features that I invite you to discover so fiddle around a bit yes curious as always so try here and there to understand how it works and so Here These are the main features so both for futures and for holding spot and maybe later an advanced video will come out for new features For now I think this can be so that said that's all for today we'll see you in the next video