During a recent webinar I held, I created a poll asking how trading was going, with options from making good money to losing lots of money. There were a handful who have lost a lot, and I asked them to get in touch if they wanted to discuss it. A few people messaged me, some of whom have lost tens of thousands of pounds, one who had dropped hundreds of thousands, so I thought it would be good to write a cautionary post about investing in crypto.Read More
I have been sharing my experience of mining on Twitter, and a few people have asked me how I got into it, so I put together this blog post to share my experience to date.Read More
What a week it has been. I don’t think many of us expected such a hard hit to come so quickly, and even with the bounce from $6k, are we really out of the woods yet? I have been Tweeting out some stuff this week, specifically taking an honest look at the weaknesses in my trading strategy, but I want to put it all down more clearly here.Read More
So the last two weeks have been pretty grim, but I wouldn't be doing all of the above if I wasn't bullish about Bitcoin and Crypto. With the price of Bitcoin falling and pulling the rest of the market down with it, more than a few friends have been messaging to ask me if Bitcoin is over. My answer is always the same – “I’m not selling.”Read More
More and more good news is hitting the market. Cryptocurrencies and Bitcoin are going mainstream. While we may be in for more turbulent times, I am incredibly bullish.Read More
I have been a little quiet on the blog recently. Following my departure from the market on November 10th, prior to the Bitcoin Segwit2x fork, I have slowly been rebuilding my portfolio.
I had come out of Bitcoin the day before the cancellation of the fork, and the majority of my altcoins a few days earlier. During my first full year of trading, I have twice seen my portfolio cut between 40% - 50% and the uncertainty around the 2x fork was making me nervous about this happening again. Every notable drop in portfolio value is a lesson in the market and what I know now is that there are no set patterns, as such my gut instinct plays a significant role alongside both technical and fundamental analysis. For example:Read More
For the second time in my Crypto trading career, I don't own any Bitcoin. The last time I sold out was during the where I got sucked into the Ethereum narrative during the 'flippening' where the scaling arguments were going crazy on Reddit. The trades proved successful though in hindsight naive.Read More
With the hard fork coming and the altcoin market continuing to struggle against the Bitcoin rally, I decided to exit the majority of my altcoins last week.
Almost every alt position I have opened in the last two months is in the red, and a number of my best long-term positions had lost value.Read More
This article exists because, like me, there are many Bitcoin and Crypto traders who do not understand the technical side of the scaling debate but have investments which are affected by forks. I have written this as an attempt to explain, in as simple as form possible, why this fork is happening, why I don't support it and how I intend to trade it.Read More