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Wen Lambo Crypto Podcast

Dec 29, 2017

“Increased volume means decreased volatility which means these assets become safer and more people put more money in.” - Ben Greenburg

(click to tweet)

Cryptocurrency and stock are two completely different things.

Yet their trading data charts look almost identical. For the novice trader, either one will be daunting to decipher. But for the novice crypto trader, he/she must seek out expert advice before diving in.

The problem is, that because crypto trading is such a new field, the amount of education out there is limited. And with a smaller supply of knowledge, the quality is inevitably lower. This is why we’ve decided to tackle the charts today.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by William Duplessie and Ben Greenburg. William built the trading desk at Science Blockchain, and Ben is a savant hacker. Today, we take their talents to the trade room, as we decode the data chart graphics into what we need to know: where and when to buy and sell.

Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“I’m happy to get real Wall Street players in the game because they’re legitimate, they know how to manage money, and they’re going to keep their investors safe.” - William Duplessie

(click to tweet)

Points to Keep In Mind

  • You can move money from Coinbase to GDAX to get a closer look at analytics
  • A candlestick is a chart that displays the high, low, opening and closing prices for the day
  • All Bitcoin assets are fractionalized; you can buy as little as you want
  • Blockchain will revolutionize the real estate industry by giving the people power to buy fractions of houses
  • “You trade on the rumor, and you sell on the news.”
  • Golem is a small alternate coin that has hype surrounding it
  • Focus on the bottom of candlesticks when trading
  • You can buy a Tesla with Bitcoin; it’s consumer purchasing power is rising
  • Litecoin is the silver to Bitcoin’s gold
  • Be skeptical of coins with Facebook Ads behind them - that means shamelessly promoting and don’t fully believe in the quality