How I Started Trading Bitcoin & Altcoins – Was it Worth it?

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How I Started Trading Bitcoin & Altcoins – Was it Worth it?

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Hey guys! Thanks for stopping by. I go into how began trading bitcoin & some of the opportunities I missed prior to the bitcoin bubble. Hope you enjoy – and as always – thanks for watching!

BTCKYLE

Exchange Links:
www.coinbase.com
www.gdax.com (coinbase exchange)
www.poloniex.com
www.bittrex.com

Tool links:
www.bitcoinwisdom.com
www.coinigy.com (sign up for a free trial today)

Follow on twitter:
@chrisdunnTV
@crinvestor
@coinigy
@BTCKYLE

By | 2017-06-13T21:14:05+00:00 June 13th, 2017|Cryptocurrency Trading|50 Comments

50 Comments

  1. Catherine Beatty June 13, 2017 at 9:14 pm - Reply

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  2. max loi June 13, 2017 at 9:14 pm - Reply

    do you trade by buy low sell high?

  3. MrCrypto BTC June 13, 2017 at 9:14 pm - Reply

    Hi Kyle. Thank you for the info. I do bitcoin conference and also crypto trading newbie. I would like to get more insight with your help. Do you have skype?

  4. Funds Monsterclub June 13, 2017 at 9:15 pm - Reply

    http://gbitcoin.ammte.com #bitcoin #altcoin #bitcoinmining #blockchain #crypto #bitcoins #satoshi #digitalcurrency

  5. Jon Macklin June 13, 2017 at 9:16 pm - Reply

    How much time do you spend per day trading?

  6. samuraimak86 June 13, 2017 at 9:17 pm - Reply

    I like how you’re honest about everything.

  7. Laidback Lu June 13, 2017 at 9:18 pm - Reply

    why btc?
    why not penny stock for you ?
    what is the least amount of money that you could start with this year ?
    great videos by the way!

  8. MightyKingYoung June 13, 2017 at 9:20 pm - Reply

    Very cool story, thanks for the info

  9. Fastert June 13, 2017 at 9:20 pm - Reply
  10. IKEA MONKEY *on lsd* June 13, 2017 at 9:22 pm - Reply

    You use GDAX?

  11. The Sun King June 13, 2017 at 9:22 pm - Reply

    Thanks, appreciate you taking the time out to do the video, has given me a few pointers, I’m brand new and still contemplating this, like you regret lost opportunity years ago @ 50c and only now thinking its still possible to generate an income stream. Interested in your time management and appreciate you cannot legally give investing advice, I have similar with law, the workaround is "What I would do" as an opinion is never wrong. Keep on posting. time management, hints and tips for beginners, how I see it, where it’s going blah blah blah. May even how you use the tools and exchanges?

  12. Ibukunoluwa Odutola June 13, 2017 at 9:23 pm - Reply

    hello, how long did it take you to move from 480 to 50k use? please can you also let me know how to start trading? thanks.

  13. Giggidygiggidy12 June 13, 2017 at 9:23 pm - Reply

    And Kyle you seem nice enough but before you start promoting vendors such as Chris Dunn you really should try and validate their claims, audited trading statements are one way, another way is to join them in a live room where you can actually see their live account DOM, not their Sim account but real account taking live trades with their systems or strategies, Chris Dunn learned how to sound like account could pro trader but he made his money selling indicators he repackaged as his own. If you don’t believe what I’m telling you we can talk further and I can easily show you some of these truths.

  14. Steven Ferretti June 13, 2017 at 9:24 pm - Reply

    you are so fucking boring I fucking hate u

  15. Carlos Custodio June 13, 2017 at 9:26 pm - Reply

    did you check the MA crosses? this 2 curved lines when they cross is a trading signal buy or sell

  16. Stefan Holzner June 13, 2017 at 9:33 pm - Reply

    Really well explained Chris!
    I learned to trade in the year 2016 with Bitcoin aswell and was more or less succesful on Kraken and Poloniex.
    Later that year I started to trade also with another crypto currencies and learned a lot, the most important thing is to get early the right signals from the marcet and to react fast, but at the end it is always a thing about how much emotions influence you.
    Than thanks god a professional trader suggested me a company which are working together with 6 of the most proffesional Crypto-Currencie Trader worldwide. You can invest into this company and you get back till to 29,7% a month and later (planed around April) they will publish an app for all kind of OS and offer schoolings to every investor and partner. Looking fortwarth to learn a lot from this outstanding company while they work with my invested money.

    I can really recommend this offer to everybody out there, if you have some questions feel free to ask me at anytime over the contact field. Take a look -> https://goo.gl/MRvhh1 and keep the trade! =)

  17. pastuh June 13, 2017 at 9:33 pm - Reply

    Nice video, im new here 🙂

    Today bought some bitcoins from blockchain, and they delayed me for 20 min..
    I was in shock.. But somehow i still managed to get same amount and got a little profit.

  18. paulczar June 13, 2017 at 9:33 pm - Reply

    If you really believe in BTC, then why all the anxiety about day trading, stops, trendlines, etc… just do what I do… hold BTC LONG. Think long term. Buy a small but steady amount of bitcoin and try to buy in immediately after a large drop in the price. If it drops 10% and everyone is freaking out and panic selling, there is your entry point. As it rises, if you wish, perhaps sell some to get some USD back in your wallet. But all in all, buy and hold. Think what the price will be in 2020. Hell, even if you bought at the last big leak a few years ago, you’d be about even now. That’s not too bad. This happens in stock too. Everyone wants instant gratification. Just buy and hold.

  19. eshan kuthu June 13, 2017 at 9:33 pm - Reply

    hey chris , can you give me idea about dascoin, which is very new cryptocurrency in market. It cost around 0.17 euro per coin.Do you think it can rise like bitcoin?

  20. L Petillo June 13, 2017 at 9:34 pm - Reply

    Damn friend, oh well… you cannot see the future and we are almost always smarter afterwards

  21. alliasneo June 13, 2017 at 9:36 pm - Reply

    How easy is it to sell them though? Are people really going to buy bitcoins at like $2000 when they eventually reach this price? I wouldn’t want to buy them at $1200 now and then be stuck with them

  22. Bits to Freedom June 13, 2017 at 9:38 pm - Reply

    love it ! great story

  23. Deli ÇoCuk June 13, 2017 at 9:39 pm - Reply
  24. fellendael pierre June 13, 2017 at 9:39 pm - Reply

    why not LMC ?
    For 4BTC to buy profit of 1000%
    https://bittrex.com/Market/Index?MarketName=BTC-LMC

  25. TFPanther28 June 13, 2017 at 9:40 pm - Reply

    Sounds obvious but You only lose money when you sell. Unless it goes out of business. If it dropped past what you paid, why sell? The overall trend is all upwards.

  26. Tony Chung June 13, 2017 at 9:42 pm - Reply

    what site is that graph your display on?

  27. richcollins513 June 13, 2017 at 9:42 pm - Reply

    The reason you missed the bubble was so that you dont miss the second coming bubble mid 2017 that will be much greater.

  28. Tengis Tamiraa June 13, 2017 at 9:43 pm - Reply

    Are there any articles or blogs that you recommend that i could really get into depth about bitcoin trading? Thanks

  29. Juan Carlos De Las Casas June 13, 2017 at 9:46 pm - Reply

    @btckyle Excellent information. I have tried to predict curves, sometimes I got it, more times, I don’t. So Im losing money faster than winning. I’m trying to apply the information in your and other videos. But I can’t understand sometimes the behaviour of curves and I finish closing an order, losing money.

  30. Cortez Solis June 13, 2017 at 9:49 pm - Reply

    But how do you cash out?

  31. Jan-Willem Kühn June 13, 2017 at 9:51 pm - Reply

    Good Effort! Best tip for me was your warning about stops. Making sure your stops are in order. How do you do that? I mean what strategy do you use? How do you draw that line on the graph? You seemed to click and then it appeared, but I can’t get it up. Thanks for the effort.

  32. Beatmage June 13, 2017 at 9:51 pm - Reply

    actually had similar event from you . some IT students approached me and I just literally just laughed in my head. they’re looking for some investors back then . well technology was not part of what i studied in college so i guess i can forgive myself .

  33. DeeMa June 13, 2017 at 9:53 pm - Reply

    Thank you for this video!

  34. dominic anfuso June 13, 2017 at 9:55 pm - Reply

    Made a lot and lost a lot in the penny stock market, Altcoins seem a lot less volatile but same huge potential.

  35. car ink June 13, 2017 at 9:55 pm - Reply

    I bought in bitcoin when they were around 6 tp 7 GBP. I had around 200 of them. By the time I found out they had rocketed, MT gox had taken them with him. Some where I have over 200000 GBP and i’ll never see it! Right now i’m in eth and waiting on good btc news to decide if I buy back in, but I do not think BTC has the short term potential it had 5 years ago. Maybe it will triple, but I think it will be a long time before it does anything serious.

  36. money guys June 13, 2017 at 9:55 pm - Reply

    Ever thought of investing in a block chain start up

  37. Oskar Bravo June 13, 2017 at 9:56 pm - Reply

    I was inspired by your interview with Chris Dunn. Great story, and keep the videos coming! I want to learn as much about this as I can!

  38. Carlos Custodio June 13, 2017 at 9:57 pm - Reply

    i like mt4 for trading

  39. Isak Rizell June 13, 2017 at 9:58 pm - Reply

    Hi!
    Do you know if bitcoin is used on any ecommerce websites or is it mainly for trading? 🙂

  40. one1 June 13, 2017 at 10:00 pm - Reply

    My problem with trading is, when I sell coins to real money, I need to transfer that money somewhere. Paypal is not a option for my country, srill works but it use about 4% for every transfer. That means If I "earn" 5$ by selling bitcoins, I will lose 4$ when moving to skrill (I would earn 1$).
    I hope you understand my question.

  41. Alain Deleon June 13, 2017 at 10:05 pm - Reply

    Bitcoin Forex & CFD Trading
    https://1broker.com/?c=en/action/r&i=6602

  42. The Money League June 13, 2017 at 10:08 pm - Reply

    I originally like the idea of Bitcoin because I saw it as a growing alternative for privacy advocates like myself, but after seeing that most of the mainstream exchanges comply to the AML/KYC guidelines that banks do(how ironic) I rather stick to national fiat currency. At least there my money is insured

  43. Carlos Custodio June 13, 2017 at 10:09 pm - Reply

    why are you loosing trades, where do you trade? is this some kind of fx with leverage?

  44. nykel007 June 13, 2017 at 10:09 pm - Reply

    So do you have to trade Bitcoin?
    I know you said it’s like the base currency of everything, but do you have to trade it, currently the price is quite high it’s out of reach for most people.
    Can you trade different altcoin pairs and profit as well?
    Thanks.

  45. Perez Studio June 13, 2017 at 10:09 pm - Reply

    Guys I swear I just got.$2200.free.money from this amazing website: (just type in g00gle)=> *_freeppalmon xyz_*

  46. Bluewater Energy Solutions June 13, 2017 at 10:11 pm - Reply

    and im so bad at math i cant do any math in my head and i take a long time on iq tests but still test as genius.

    I spell like shit.

    just sayin.

  47. Jesse Shaw June 13, 2017 at 10:13 pm - Reply

    That’s a heart breaking story, bro.

  48. Lucid Deja Vu June 13, 2017 at 10:13 pm - Reply

    this is a great video that describes what will probably one day be known as some sort of strange universal story/ phenomenon, for early adopters – so many people have so many variations of this

  49. Fiubit June 13, 2017 at 10:13 pm - Reply

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  50. Pisces Traits- Rule 373 June 13, 2017 at 10:14 pm - Reply

    Nice Video Kyle. I’m Still Learning abt Btc & Ethereum. I Got My Wallet On Coin Base….I have a ?
    If I Purchase Today What Btc and Ethereum is worth….should I just buy one of each or spread out the $779 For more than one Coins…..

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