Sunday , May 19 2019
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Scaling Back Slightly in Bitcoin and Ethereum



Bitcoin is consolidating and Ethereum is mooning. I’ve determined to cut back my place measurement in each Bitcoin & Ethereum, though the reasoning is not bearish. For Bitcoin, I’ve chosen to cut back barely (as in, nonetheless have majority of my place) resulting from improve of systemic danger resulting from headlines related to Bitfinex significantly, though there are different dangers as effectively that I’ve mentioned beforehand.

I nonetheless have nearly all of my place, however have merely chosen to take some earnings to scale back my breakeven level beneath my earlier common purchase worth ($6057). As all the time, place sizes ought to all the time mirror your confidence in the markets.

Ethereum is doing exceptionally effectively. I’ve identified in prior movies that I like Ethereum at any stage beneath $300 and would not promote till at the least $400. I’ve chosen to take a small little bit of revenue now that Ethereum is all the way in which up above $450, however I bought even much less (on a proportion foundation) than I did with Bitcoin. I’ll scale out barely extra if it breaks above $500, however will maintain most of place in occasion that we see big breakout to upside. I’ve completely no bearish ideas on Ethereum, however discover that taking earnings to maintain a stage head is mostly greatest relating to buying and selling.

As for the place the cash goes, proper now it’s sitting in USD. I will likely be contemplating the place to deploy this capital, if in any respect, over the approaching days. In the meantime, I proceed to put in writing and work on article / video combos. I admire your persistence.

I additionally briefly talk about Litecoin – I’m turning into extra bullish because it lags behind each Bitcoin & Ethereum. Moreover, I wished to supply some readability with my place on Sprint given the criticisms I obtained the final time I spoke about it. Simply because I like Monero has nothing to do with my hesitancy for investing in Sprint. I hesitate for 2 main causes:

1) DAO organizational structure is inefficient and a good distance from working in addition to a centralized group
2) Far fewer transactions than Litecoin

Extra particulars are in the video itself. As all the time, I’m completely satisfied to listen to your ideas. Thanks for watching.

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For those who like my content material, you’ll be able to help me by utilizing ANY of the affiliate hyperlinks beneath (I obtain small compensation). The great thing about affiliate hyperlinks is that I can choose and select what I like slightly than have corporations method me – all the things I linked beneath (except for Trezor since I like Ledger), I exploit myself regularly.
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My Beneficial Wallets:

If you wish to retailer your cryptocurrencies safely, the easiest way is thru a pockets. Severely – look it up and you will discover loads of info supporting this declare. There are alternate options comparable to paper wallets, however these are handy and my selection for chilly storage (offline):

Ledger Nano S:
Trezor:
Ledger Blue (costly):

I personally favor the Ledger Nano S, however the Trezor is such a detailed second that it actually would not matter which one you go together with. Ledger Blue is premium and handy, however not needed.
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My Favourite E book for Investing in Crypto:

Cryptoassets:

This ebook is, bar none, my favourite ebook for investing in cryptocurrencies. It would not bathroom you down with technical jargon, however as a substitute focuses on all the weather you must perceive earlier than you make investments.

It is a complete ebook for each rookies and specialists. Rookies will discover details about main cryptocurrencies (not simply Bitcoin) in addition to particulars on historic market occasions (which you could draw on for future) and occasions to observe for shifting into the longer term. Consultants will discover the chapters on valuation significantly helpful. For these of you concerned in conventional investing, this ebook is much more of a godsend as finance data is explored (correlations with different asset lessons, ETFs, and many others).
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My Beneficial Exchanges: Coinbase / GDAX / Bittrex

For those who signal as much as Coinbase utilizing hyperlink above, you and I’ll each obtain $10 every after you purchase your first $100 of Bitcoin utilizing Coinbase. Coinbase is far much less intimidating for rookies. As soon as prepared, transfer as much as GDAX for cheaper or zero charges. For altcoins, I like to recommend Bittrex.
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Authorized Stuff: I’m a participant in the Amazon Providers LLC Associates Program, an affiliate promoting program designed to supply a method for me to earn charges by linking to Amazon.com and affiliated websites.

None of what I present in my movies is funding recommendation. Please do your individual due diligence.
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30 comments

  1. If you don't know already, I have a Twitter where I post updates even when not uploading videos. Check it out here:

    https://twitter.com/Truth_Investor

    I hope you all enjoyed the video. I'd love to hear your thoughts on the current market as always. Thank you for watching.

  2. Bitcoin almost 10.000 dollar, make a video!

  3. I know it late to start but i want to get into the market, whats the best 500$ investment (gamble) atm ?

  4. I just subscribed and now you have 1K subscribers. Thanks for the alternative views.

  5. Please do not change anything about you or your content due to some people who unsubsribed because of your unbiased opinions. the only way I can tell if someone isn't full of crap is by seeing and hearing that they are not afraid to say the unpopular things. Because of this I know for certain that you are honest and mean and believe everything you say. This is why I subscribed. I really would hate it to see a censored version of the crypto investor just because of some people who can only handle their own truth. This isn't their channel anyway. Please keep doing what you do, really appreciate it! Thanks!

  6. You have very strange crypto views

  7. Hi Folks, Can anyone suggest, where we can buy TenX and how we buy? I am unable to get this after google. THANKS

  8. what do u think is the most probable move once bitcoin breaches the 10000 mark? will more investors join in or will we see a profit booking?

  9. your opinion about Crypterium ICO
    Scam or not?

  10. Yes but why on earth would you be scaling of etherium on the upward break of a pattern formation with a super large bullish candle.A rather dubious decision at best.

  11. How’s that scaling back going for you? ?

  12. @crypto investor. Don't let the haters shake you. Stick to giving us your dispassionate opinion, and why. I may disagree with this point or that, but still value the opinion.

  13. Bad call but hey, we all make them

  14. In my opinion we are so early in bitcoin that it’s the best to just buy it and hold it. You can’t predict short term but it will go up in the long run. Nothing will replace bitcoin

  15. Opinions please… If someone brought $500 BTC let's say at approx $8000 a few days ago; and they don't touch it now for a year, Dec 2018, to avoid any taxation issues or just in general (regardless of this up down fiasco. Do you think they are still likely to make a decent or even substantial profit?

    What do you think the return in dollars could be?

    Appreciate responses

  16. I almost see Ethereum as an ETF. It's slow but isn't as volatile but is dependable. Thoughts?

  17. There are a ton of people coming into bitcoin right now. I thought we were going to have a huge correction, but I am starting to think I was wrong. I might just buy some more. This is a weird time in crypto.

  18. Two questions. The first is a bit conspiratorial, so please forgive.

    1) If I held mega-wealth in Bitcoin at a time when there was widespread speculation that a "pop" might occur at 10K, I would want to see the price hold where it is right now. That would allow me to take maximum profits. I would release just enough to keep it below 10K each time I saw a run. If I did this long enough I could even camouflage the bubble; maybe even get rid of it. Are there any players who own that much Bitcoin?

    2) If this bubble pops, what is the likelihood that we will see another run by Bitcoin Cash at that same time?

  19. please make more content haha your my most trusted crypto guy!

  20. You actually got my subscription with your last video.

  21. It’s their loss if people unsubscribe. I appreciate hearing different opinions. Bitcoin can often become a feedback loop in the community, and that feedback looses objectivity. Keep doing what you do

  22. Where is the new video, I dont know what to do!?

  23. Hi Crypto Nick. Firstly I would like to thank you for the content. I want to encourage you to ignore the people who don't understand the fundamentals of trading with the most important one bieng "risk management". This is why fish get eaten by the whales.
    In my case I completely understand your logic and prefer to grow my portfolio gradually yet safely, instead of hard gains and then lose the majority.
    Keep up the good work (y)

  24. its over 8000 not 9000 they got it wrong in the cartoon

  25. Montero will only be a "superior" currency in the short term for the very reason you like it. The major problem with the internet as a currency venue is security fraud, and that is linked to centralisation. The future of cryptocurrency will be massive decentralisation along the lines of Bitcoin and proof of work. Monero l believe is unattractive long term for 2 reasons, 1 it's lack of transparency and 2 it's centralisation. The ideal crypto for organised crime but not the general public.

  26. Can you make a video about how to invest in these crytos ? Im new here