Table of Content
Bitcoin Price Action 2019
Bitcoin surged a massive $1,000 in under 30 minutes during U.S. trading yesterday. Even the best day-traders surely didn’t see that coming!
The rally is likely associated with a massive unwinding of short BTC/USD positions. Now that the market is back to the sort of action we saw in 2017, with huge swings of 10% a day being common, I’m sure many people will be eyeing the chance to get rich quick. The opportunities are there without a doubt.
YouTube Crypto Trading ‘Experts’
We are seeing a flood of YouTube crypto trading experts appear, but how many of these people are any good? My personal credentials as a trader are certainly not great, rather awful actually. I convinced myself I knew what I was doing and didn’t really sleep in 2017 as I had to watch the market 24/7. What I did really well, was research the market and pick some winners. Yes, there were lots of winners but I did well looking at the fundamentals, the teams behind the projects and selecting some great buys. If I had decided to invest and not trade you would not be reading this right now because I would be on a yacht in the Caribbean with a Hollywood actress.
Nevertheless, I am about to go on a journey with a very good crypto trader and I will ask the dumb questions for you! You can watch and learn as I get up to speed on how to have a chance to win in this market. I have known Venzen, my co-host for quite a while now. I first came across him on shows of other leading traders, and then had the chance to get to know him in person in a stunningly beautiful resort in Thailand. The owners had invited lots of top Crypto people to come and stay at the resort, and great friendships were forged along with some hilarious and dramatic moments. You can see some of this action in the Real Cryptos series on our YouTube channel.
Meet Venzen Khaosan
Venzen has a great track record in crypto trading, and for me, his calm personality and knowledge of a wide array of subjects drew me instantly to learn from him. I think he has a particular skill in helping people learn complex topics, something his teaching background no doubt has helped foster. It is with great joy to have him as a co-presenter for our show that will launch in a couple of weeks. The attached video is a casual chat. We will post a few of these before we launch the show as we want to let you know what’s coming and it is also a time of incredible price action.
Is now the time to trade crypto?
I am in a good position where I have access to what’s happening in the OTC market and I know some very good traders along with some of the key people shaping the Bitcoin ecosystem. You will meet many of these people in our upcoming show.
This OTC market is where huge amounts of Bitcoin are bought and sold off the exchanges. This is where the action has been. Anyone who tells you institutional money is not in this market is totally wrong in my opinion. This bull run is not a retail bull run. We have not seen the average Joe FOMO in yet. We might in the near future and if so I see Bitcoin charging past 20K. Equally, it would not surprise me in the slightest to see us back at 6500K in the next month, maybe lower. I told friends and family to sell at 8k as I just could not understand why the market was surging, I still don’t. Something doesn’t sit right with me at the moment.
Let’s be super clear, we are not a financial advice site. I set this site up in early 2017 to help educate people on Bitcoin, rose-tinted glasses and all. I’ve come to the realization that the audience really only cares about the price. I will continue to write and produce on the culture of Bitcoin and the great people in the space. There are unfortunately not many of them so you will be getting more content on price, trading, investing and also the other great projects outside of Bitcoin I have discovered. Yes, there are some. This has always been a Bitcoin site and always will be but I have found a few other gems and will bring them to you in our series The Real Cryptos and in the show with Venzen. I suspect it will be the content we are bringing you on price action and how to win that game that will drive the most views.
How you can help!
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