Okay, so hello guys! I'm Jhazel de Vera and welcome back to  my channel.
So if you're new to this channel, click on the subscribe button and the notification bell
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and anything from which you can earn online.
Today I'll update you about my hodling and trading here on PDAX or Philippine Digital Asset Exchange.
This is basically the part 2 of my PDAX video introduction on how to sign up, verification process and so on.
So make sure to first watch part 1, which I'll link in the description box, before watching this video.
In the first video, we talked about how getting started with hodling and trading as in the concept of earning
and also how our money decreases when hodling and trading.
So that's that guys.
We of course also talked about the types of orders, how to place orders,  like limit orders, market orders and FAK.
So in this video apart from my PDAX account update, we're also going to talk about placing, selling orders,
in limit order, market order, FAK, alright? So let's go straight to our computer.
We're now in our PDAX account.
We're currently in our portfolio. There you go.
As you can see on the side-- did something change? What are the activities that I've done?
So let's check the activities.
Ah alright! So I didn't increase anything here on my account.
Our money really grew itself. Because it's ₱19,402 and before our portfolio was only around ₱17,000.
But that depends, don't expect that after placing an order here on PDAX you're going to earn a lot.
It can happen the other way around.
Like if the market's price gets low, if the price is lower so will our price here.
If you want to start hodling and trading, make sure to do it only if you have extra money don't use your remaining money.
No! I don't recommend you to do that.
And guys make your own research before starting with this industry.
Disclaimer: I'm not a cryptocurrency or financial expert.
I'm just sharing my knowledge.
I said so may things. Now let's proceed with our trading platform.
Guys, I encourage you to watch part 1 of the PDAX video because if you've watched it you'll understand what we're going to talk about.
And as you can see the markets, like BCH and BTC, got low.
Here is its peak with ₱373,000 then it got low and now it looks like that it's going up again, right guys?
So I really don't know how to read resistants, so what I do is I google the predictions and analysis of other YouTubers
who also trade, do vlogs and have Twitter accounts.
What I usually search on Twitter for this kind of you know predicting-- they're really good,
is the moon, sometimes also on random websites but not everything is reliable, don't trust everything you read.
During this crisis, all of our markets generally got lower. So if you want to start with cryptocurrency,
it's the perfect time to buy right now.
But some say that this will be the stable price.
I'm really not sure because everyone has a different opinion about it.
Because what I do is just hold for a long period of time,
I'm not constantly buying and selling and get a profit every day, no I'm not like that.
That's why I don't always control the price.
As I said buy low, sell high. That's what I do.
As we can see the BCH and BTC got lower, that's our condition.
But as of ethereum and litecoin the prices got higher.
If you remember in the previous video, I held 0.0173 BTC.
So its price was around-- this is when I bought it, around the first peak, around ₱314,000.
And now-- I should've sold it around this time.
But as I said I'm a hodler.
And I'm just waiting for it to reach ₱10,000 and just hope for the best.
Plus I don't need to get the money right away.
You know when you're not spending that much on that amount of money.
I'll just keep it on bitcoin until the price gets lower.
I'm not saying to hold it for its price to get higher in the future, who knows guys.
Maybe bitcoin's price won't get any higher at this time. That's why I'm not hoping so much for it to get higher.
I'll only sell it only if it's crucial when the price is really really high.
I bought this 0.0173 at around ₱5000 and now how much is its value?
Its market price is now at ₱6003.
Look guys we already earned ₱1000! Who would've thought that?
It's really fun because we just hold and you can sell it now if you want to get your profit.
Only after three weeks, it became ₱1000.
This is what I would call a legit investment.
Because we only hope for bitcoin's price. This is a legit investment.
You really get to control your money.
And you can get it at any time, you can withdraw it in pesos, things like that.
Another thing we talked about in the previous video was placing orders.
Like limit orders, market orders and FAK.
The cryptocurrency that I used was LTC or litecoin.
So let's go to the litecoin option.
As you can see this is the order that we've set.
A limit order of 0.2 litecoin.
So I wanted to buy 0.2 LTC with the limit price of ₱1500.
If you still can't get it, watch the first video.
It still hasn't filled in because our market price still hasn't got to ₱1500.
And if we look for it in the depth section, there it is guys.
This is the order that we've set at ₱1500.
So that's why it still hasn't been filled in.
It just stays there and we don't know when it'll fill in.
We don't know when litecoin's price will get as low as  ₱1500.
Regarding our fill orders.
If you remember we did fill and kill, right?
Now it's not here anymore.
Our market order was 0.103, now our litecoin is still at 0.103.
This means that my FAK order has not been filled in.
It was probably because the price didn't get low as much, even though the price that I set was close to it.
At those time no one bought at that price.
FAK
Guys, you can make use of the timestamps.
In our previous video if you want to see the specific procedures.
I placed a limit price of ₱1900.
I've put our FAK to the max of ₱496.
And it returned to this because at that time LTC didn't reach that price.
That's why it went back to our PHP balance.
Let's check how much is now the 0.103 LTC.
I bought it for ₱200.
Let's see how much is it now in our market price.
0.103
There you go! We earned ₱20.
It's fun, isn't it? We earned ₱20 from the litecoin that we held.
It was around March 25.
It got higher only by a little. If I checked the price on April 8, it would've been higher.
I believe that it will get higher, no? It'll get higher.
And now guys I'll show you how to place sell orders in limit, market at FAK.
It's like the other way around.
In this situation, we can see that my ₱1500 takes forever, I feel like I want to cancel it.
So we're going to cancel it now.
You can cancel limit orders any time.
If you think that it's taking too long, you can cancel it.
So there you go.
Cancel order.
I canceled the order. The ₱300 went back to our PHP balance. So it's now at ₱798.
We lost money because of the transcation fee.
How much was the transaction fee?
We have to know how much we've lost.
We lost 1 cent because of the transaction fee.
1.5 cents
I really like PDAX. I do recommend you to buy and sell here on PDAX. The fees are really low.
That's what we've lost here. That's it. ₱798.
Most of the funds that we placed on this limit order went back to our PHP.
Okay as of now we don't have any orders, so for the depth.
It's time for us to start placing orders.
Let's start with the limit order.
We are now going to sell LTC. We're gonna use LTC.
So let's divide these ₱200 into small amounts.
For the beginners so that they don't get scared with the prices. Let's start with the little amounts.
So that I can also show you how little is the transaction fee here on PDAX.
Let's go to limit order.
The market price is ₱2125 per LTC.
So let's say that it'll reach again this peak of ₱2355.
Let's make that our limit price.
Let's do ₱2300. There you go. So that's close to our actual price.
Let's set our LTC quantity.
Maybe around ₱60 because when you place an LTC order the minimum is ₱52.
This is the order I'll be placing, 0.026 LTC.
Our limit price is ₱2300.
And if the LTC's price reaches ₱2300 we'll be able to sell our litecoin around ₱60.
So now let's place our sell order.
It'll appear red because it'll be sold.
And hoping that it's getting higher it'll reach ₱2300, okay?
That's how limit orders work.
It's just like with buying orders but when buying the price should be lower.
Obviously, you want to buy at a lower price. Buy low and sell high.
This is selling high, the market price is higher.
Okay, we're done with limit ordering in selling.
Let's now go to the market order.
Market order is for those who are in a rush.
It's okay to do market order. When you're sitting with your pc on and see that the price is high, you can make use of market order.
If you think that you're not going to lose money. And I don't think I'll money here.
Because the price is higher than March 25 when we bought the LTC.
Okay so now let's set our limit order.
Sorry, market order.
Maybe around ₱100.
Let's go bigger.
I'm going to sell my LTC at 0.047 with the value of ₱100.
As placing the order, the funds will go to our PHP balance.
Okay, now let's place our sell order.
Alright we've placed the order and as you can see our PHP value is 894. It's a little higher now.
A little less of ₱100 was added.
If we look at "fills", this is our history.
The price of the sale is only ₱96.35
because our order form doesn't refresh automatically.
There's a fluctuation. It doesn't update right away.
For example, I placed an order with a value like this
this doesn't change. It should change depending on the value, okay?
It should change.
Hopefully, PDAX will resolve this with the setting of the price in PHP.
And hopefully, they will also have a realtime estimated value.
I know that they are working on improving their order form, okay?
We instantly received PHP and got to sell it.
As of now we only have 0.03. So what are we going to do with the 0.03? How much is 0.03 value?
It's around ₱61 so we can do FAK with it.
There you go.
We're now going to sell through FAK.
Once you fill in your selling form here on FAK,
once the market price reaches our limit price, even if we did not sell on full price
the rest will be "killed", the rest will go back to our PHP balance.
I already explained it on our previous video.
It's the same thing as buying only that you're selling.
Let's do 0.03
Let's set our limit price. Let's also see our depth order.
Because this is where people are.
These are the people who buy and sell.
Our market price is ₱2050 but the ones buying-- the highest one is ₱2034.
So it didn't reach our market price.
Let's set our limit price close to the market price.
The lowest price is ₱2075, these are from the limit orders.
Or FAK.  Some people place the orders at en exaggerating price.
We're gonna place a FAK.
This process is also really fast.
Maybe around ₱2050, let's go with that.
Market price? No, let's do ₱2060.
There you go, kinda close but it's fine.
We're only going to earn ₱2!
If we went for the market, it'd be around ₱60.
Our limit price is ₱2060, 0.03 LTC.
Let's place our sell order.
Order submitted.
Where did it go?
Was the order placed? I don't feel like it did.
It didn't appear.
Let's do it again. 0.03.
₱2600.
Sorry, ₱2060.
Oh my goodness what happened, it's not placing here!
It wasn't set guys.
I think PDAX is having some troubleshoot problems.
I don't think PDAX's FAK is working.
I don't know why.
FAK is not any different from limit.
Limit is even better because it'll stay here and you can cancel it anytime.
So I think we should set 0.03 as limit, which was supposed to be FAK. Let's just go with limit.
I already placed the order twice and it hasn't shown up, but the price in PHP is still ₱2600.
Sorry ₱2060!
So it's the same as before, 0.03 LTC, ₱2060 as a limit price.
Once it reaches ₱2060, we'll be able to sell our 0.03 LTC for ₱62.
Because if we went for the market price it'll only be ₱59.
It's really good to have fun even though they are small values.
Because beginners only want to do trial and errors, experiment...
That's that guys. So let's sell it.
These are our latest orders, this is the 0.03.
Okay?
Who would've thought that? We earned ₱16!
Once all the orders are placed, we'll get a profit of ₱16.
No not ₱16 but around ₱13 is our profit.
Because we're only playing with ₱1000
and we're using litecoin
and with litecoin the liquidity is not that big.
It doesn't fluctuate that much, look.
Look at when we bought it.
March 25.
The price is not that different.
From ₱2001 to ₱2050, it's not that big of a deal.
The value is still low.
It got higher only by a few percentages compared to the selling price.
We earned a little something.
But this isn't the purpose of this video, the purpose of this video is to show you the execution of the orders
in limit market and FAK. I just don't understand why the orders with FAK aren't placing.
But if it still happens, it 'll remain in LTC, okay?
As I said if you want a bigger profit, input a higher limit price, okay?
Maybe around ₱3000, it depends because the before price was ₱4000.
You can set the price at ₱4000.
And if you compute if on the calculator, our value will surely get higher.
But if we want a fast transaction we use little amounts of limit prices
we're not hodling as I do with bitcoin where I'd hold on to it for a long time.
So that's that guys. And regarding our placed orders, I will make another updated video on our PDAX account.
We'll do a part 3, okay?
A PDAX series. Woah a PDAX series!
I will do an update and I will come up with another tutorial on our next video.
You can still buy cryptos and hodl because as of now April 15,  2020, the price is still low.
So if I were you and you want to start, this is what you will need to do.
Create an account and watch part 1, where I show you how to cash in.
So go to payment in.
There you go, here we have FIAT currencies in PHP, and we can also cash in digital assets like BTC, ETH, XRP, BCH and LTC.
If you already have these crypto holdings.
And PDAX is actually offering a bonus in PHP cash in, because when you cash in on PDAX in PHP
Let's say you'll cash in through GCash. If you cash in at least ₱1000 with the referral code "jhazel"
you'll get a ₱30 bonus.
It's like having a ₱30 cashback here on your PDAX account.
It won't reflect right away on your PDAX account balance.
It'll take 3-5 working days to get the ₱30 rebate in your account.
Okay, that's it. If you want to cash in PHP, do not forget to input the ferral code "jhazel" to get a ₱30 bonus.
And also guys do not forget to join their Telegram community, which I'll link in the description box.
And if you want me to guide you in your PDAX journey, you can enter our community and I'll guide you on how to begin.
I've been thinking of creating a community
for PDAX. For those who want to start with it and have a lot of questions
and I really want to guide you personally on Telegram.
Oops but first commercial! And this is my question for this video's giveaway:
When are you planning on trading or hodling cryptos on PDAX? Or if you already started, when did you start?
Comment down below the answer and we'll pick the winner on our Telegram channel.
If you want to join, all the links are in the description box of this video.
That's all guys! Hopefully, you learned a lot from this video.
Don't worry we'll have a part 3 for an update.
And I will come up with another tutorial regarding our PDAX account.
That's all guys and thank you so much for watching this video.
If you've enjoyed it, give this video a like and subscribe to my channel.
Click on the notification bell to get notified about my uploads.
And don't forget to subscribe to my second channel Jhazel de Vera VLOGS, okay?
So have a nice day, God bless and goodbye!
