Protecting your Bitcoin is important. Are you doing it? Welcome to episode 3 of my cryptocurrency trading series, where I will teach you how you can protect your Bitcoin, and when you should buy & sell.

In episode 1, I shared with you my investment philosophy, mindset, and strategy around investing in cryptocurrency. In episode 2, I shared the different wallets and exchanges that I use, and how to buy different Altcoins.

If you have yet to watch those episodes, check them out on my cryptocurrency trading series playlist, because they lay the foundation for what I am going to share with you today. Every video is meant to build off of one another, and the content will get more advanced as we go along.

Are you ready to dive into episode 3 of my cryptocurrency trading series to learn why protecting your Bitcoin is so important, and when you should buy & sell?

Watch the video below:

(Click here to watch on YouTube)

[smart_track_player url=”https://www.buzzsprout.com/9299/642460-plm-527-when-to-buy-sell-protecting-your-bitcoin.mp3″ background=”default” ]

Are you ready to start protecting your Bitcoin? CLICK HERE to get the Trezor Bitcoin wallet!

DISCLAIMER: Investing in Bitcoin or any cryptocurrencies are risky. As I've mentioned many times, I do NOT recommend investing money that you can't afford to lose. Nobody knows if Bitcoin will go up or down tomorrow – it's just speculation. For me personally, I consider the money I invest to be my “Vegas Money” – meaning, I'm gambling it. If I win, then I win big. If I lose, then I'm not surprised and it was money that I could afford to lose. That's why it's important not to invest a significant portion of your money into it. So if you do invest, I believe it's smart to start with smaller amounts.

Let's dive into why protecting your Bitcoin is important, and when to buy & sell.

Let me start off by saying that, at the moment, cryptocurrency is down, but I look at this as an opportunity. This may seem counterintuitive, but let me explain why I take this approach.

I don't panic or freak out when the market is down because I believe that a smart investor should always have a cash reserve, which is money that you put aside that you can use when the market dips. Because I take a long-term approach to investing, I buy more when dips occur, because I know that I can buy Bitcoin, Litecoin, or Etherium, at a discounted price.

Sir John Templeton, who is one of the greatest investors of all time, believed that you can be the best during experiences of maximum pessimism. When people are panicking and selling their cryptocurrency, that is the moment at which you should be buying. Whenever people are buying, that's when you should be selling.

When it comes to investing, you need to be able to remove your emotions from the equation. If you are panicking when Bitcoin drops, then what that tells me is that you have probably invested more much money in Bitcoin than you should have. Like I said before, you shouldn't invest more than you can afford to lose.

Once you start building your investment portfolio you will come across a technique called, dollar cost averaging. This investment technique involves buying and selling, at consistent intervals, regardless of what is happening in the market. The philosophy behind it is that people might be better able to handle the emotional storms that can occur when there are dips in the market.

With wallets, like Coinbase, you can actually set up automated weekly or monthly buys. By taking this approach, you can just ‘set it and forget it', and you don't have to pay attention to the ups and downs of the market.

When it comes to selling cryptocurrency, you first need to look at what your reason is for investing. Ask yourself, “Is this money that I actually need?” Personally, I don't really need the money that I'm investing. It's not money that I depend on, so I'm not focused on selling in the short-term.

I plan on selling in the long-term when my money is at a significant gain, at which point I'll take out a percentage of it. This is why it's important to know what your investment strategy is before getting into the cryptocurrency game. This is the approach that I take.

However, you can take a different approach. Let's say that today you invest $500, and tomorrow that money goes up to $1,000. If you wanted to, you could take out and sell $500 worth of it, and keep $500 in. This way, you don't lose anything. You are now only investing the capital gains of that money and having it grow. Or, you can continuously buy over a period of time.

When it comes to selling, you can sell on any of the different wallet exchanges that are on the market today. Coinbase is the most popular, however, there are many others. Decide which one works best for you.

Keep in mind that Coinbase mainly operates in the United States. I use Coinbase to buy, but if you are from Canada, like myself, you can't sell using Coinbase. This is why I use Coinsquare. With this wallet, you can actually transfer funds from one exchange to another, so I could transfer from my Coinbase to Coinsquare to Binance, and so on.

Protecting your Bitcoin is so important. Are you doing it?

You need to understand that your money is being stored on different wallets that are run by private companies. They control your money, but they aren't like banks that are government-regulated and much more secure.

These private companies can be at risk of being hacked. This is why protecting your Bitcoin is so important. In order to protect myself, I keep a certain percentage of my cryptocurrency spread out amongst four different online exchanges – Coinbase, Binance, Bittrex, and Coinsquare – so that if one of them gets hacked, I still have money left on the other ones.

Ultimately, the best way of protecting your Bitcoin is by using an offline hard wallet, like Trezor. This wallet allows me to connect a USB to my computer and transfer my Bitcoin, Etherium and some other Altcoins to this device, where my cryptocurrency gets stored.

I keep this hard wallet in a safe place, and only I know what the recovery password is. You wouldn't want to store your private key or your pin on your computer or another digital device, for risk of getting hacked. If you've invested a couple thousand of dollars worth into cryptocurrency, it's a good idea to invest in something like this.

That's it for episode 3 of my cryptocurrency trading series on protecting your Bitcoin and when to buy & sell! I encourage you to create an investment strategy that works for you, with the understanding that there will always be ups and downs in the market.

In future episodes, I will be interviewing different cryptocurrency investors that have higher levels of expertise in this area, so that we can all learn more about the exciting world of blockchain technology. Stay tuned for more exciting content!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Are you ready to start protecting your Bitcoin? CLICK HERE to get the Trezor Bitcoin wallet!

Are you ready to buy altcoins, but don't know how to go about doing it? Welcome to episode 2 of my cryptocurrency trading series, where I will teach you how to do just that!

In episode 1, I shared with you my mindset, beliefs and philosophy when it comes to investing in cryptocurrencies. I also shared with you how to buy Bitcoin, Ethereum and Litecoin, just by using Coinbase.

If you haven't already, I highly recommend that you watch episode 1 on my cryptocurrency trading series playlist because it lays the foundation for what I am going to share with you today. Every video is meant to build off of one another, and the content will get more advanced as we go along.

I would also encourage you to subscribe to my YouTube channel so that you can get notified about all future content that I publish! Are you ready to dive into episode 2 of my cryptocurrency trading series to learn how to buy altcoins and what my top 10 altcoins are?

Watch the video below:

(Click here to watch on YouTube)

Are you ready to start buying altcoins? CLICK HERE to learn more about Binance!

DISCLAIMER: Investing in Bitcoin or any cryptocurrencies are risky. As I've mentioned many times, I do NOT recommend investing money that you can't afford to lose. Nobody knows if Bitcoin will go up or down tomorrow – it's just speculation. For me personally, I consider the money I invest to be my “Vegas Money” – meaning, I'm gambling it. If I win, then I win big. If I lose, then I'm not surprised and it was money that I could afford to lose. That's why it's important not to invest a significant portion of your money into it. So if you do invest, I believe it's smart to start with smaller amounts.

Let me start off by saying that there are a lot of different cryptocurrencies out there beyond Bitcoin. In episode 1, I introduced you to Bitcoin, Etherium and Litecoin, which are some of the biggest ones on the market, but there are hundreds of other altcoins out there. Although none of them have as big of a market cap as what Bitcoin has, there is still a lot of potential to diversify your cryptocurrency portfolio with them.

Are you ready to learn how to buy altcoins?

Before you get into the cryptocurrency game, it's important to understand the risks associated with cryptocurrencies. It's not abnormal for you to see a cryptocurrency go up by 20% on one day, and then drop by 20% on another day.

This connects back to my investment philosophy and mindset, which is to never invest more than you can afford to lose. Let me be clear that you do not want to invest a significant portion of your net worth, portfolio, or assets into cryptocurrencies.

I believe that blockchain technology is the wave of the future. There is massive potential with it, but at the same time, it is volatile, so you need to be mindful of the risks.

At the end of 2017 many of the cryptocurrencies exploded in popularity. When that happened, everybody wanted to get in the game and start buying cryptocurrencies.

Oftentimes people think that, because everyone else is buying, that must mean that they don't know something that other people know, so they all jump in, blind to the risks of doing so. Similarly, when people are selling, everyone starts to panic and follows suit.

This is a mistake. Take it from the investment guru himself, Warren Buffett, who said – “Be fearful when others are greedy, and be greedy when others are fearful.” Yes, this may seem counterintuitive at first, but it works. When you go against what the masses are doing, oftentimes, that is where the potential lies to achieve the most success. This proves how important it is to have a long-term investment strategy in place from the start.

Watch the video above, where I share my screen and show you how to buy different altcoins.

Altcoins are known as alternative cryptocurrencies. They are basically any cryptocurrency that is not Bitcoin. Like I said, Bitcoin is the most popular cryptocurrency. It has the largest market cap, and is also the most expensive.

I believe that everyone should invest in Bitcoin. If you do, I suggest that you store your Bitcoins in a hardware wallet, like Trezor. This is the most trusted and secure way to protect your money.

The majority of my investment portfolio is Bitcoin because I believe that it has the most value. However, at a certain point, you want to diversify because you don't want to have all of your eggs in one basket. Although some of the altcoins aren't as established as Bitcoin is, there a few of them that I believe are worth investing in.

In episode 1 of my cryptocurrency trading series, I introduced you to Ethereum, Bitcoin and Litecoin, which are well-established and popular altcoins. However, there are others out there, like Ripple, Dash and Neo.

l like to use a website called, Capcoin, which gives you a ranking of the hundreds of different altcoins that are available. I like to rank my cryptocurrencies by the market cap, which is the overall size of how much money has been invested into that cryptocurrency.

Bitcoin has the biggest market cap out there, followed by Etherium and Ripple. When it comes to altcoins, every one of them is unique in and of themselves. They exist because people created them to solve problems or to try and improve things that they thought they could make better.

I like to think of altcoins as small businesses. Some of them will do great, but the majority of them will not. I like to invest the most money into the top 10 altcoins that have the largest market caps. However, at the end of the day, it's up to you to decide which altcoins you want to invest in.

I hope my cryptocurrency trading series tutorial has been helpful! I encourage you to do your own research and find a cryptocurrency technology or coin that you really believe in, and to diversify yourself amongst the most established cryptocurrencies on the market.

Check out my cryptocurrency trading series playlist and watch out for more content in the near future, where I will go deeper with this topic. Until then, happy investing!

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

Are you ready to start buying altcoins? CLICK HERE to learn more about Binance!

Welcome to my cryptocurrency trading series for beginners! I decided to create a series, because, as of late, I've been getting a lot of people asking me about cryptocurrency, in particular, Bitcoin.

Cryptocurrencies are becoming increasingly popular, especially Bitcoin. Everybody wants to know how they can get into the cryptocurrency game. The best way for me to answer your questions is to create a series of episodes on my YouTube channel that I will release over time.

I'm not claiming to be an expert. Rather, I just want to share with you my experience with cryptocurrencies, and the strategy and mindset that I have towards it.

On that note, let's dive into my cryptocurrency trading series! Are you ready to learn everything that you need to know before investing in and trading cryptocurrencies?

Watch the video below:

(Click here to watch on YouTube)

Are you ready to start investing in Bitcoin and create long-term, passive income? CLICK HERE to get $10 of Bitcoin FREE with Coinbase!

Note: To get the $10 free, you must use the link above and buy at least $100 worth.

This page contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). I only ever endorse products that I have personally used and benefitted from personally. Thank you for your support!

The best way for me to answer your burning questions is to create a series playlist on my YouTube channel, where I will have a series of episodes that will be released over time. On that playlist, I will start off by talking about investing for beginners, and the content will get more advanced as the series go on.

Cryptocurrency has exploded in popularity.

However, before you decide to get into the cryptocurrency game, it's important that you have the right mindset. You have to know what your outcome is and have a strategy around that. Let me start off by saying that I believe in investing in things that can grow over a long period of time.

That is what I do with the majority of my investment portfolio. For example, I invest in a lot of blue-chip companies and stocks on The Toronto Stock Exchange, as well as different U.S. exchanges. I also invest in index funds, dividend-paying stocks, ETFs, bonds, and REITs (real estate investment trusts).

It's important to not take all of your money and invest it into something like cryptocurrencies because they are considered to be risky. With that being said, I do believe that cryptocurrencies have a place in your investment portfolio, but a much smaller place.

When it comes down to what cryptocurrency you should buy, Bitcoin is the most popular. I believe that everyone should have a certain percentage of their money invested in Bitcoin, but not everything. You should also have a piece in Ethereum and Litecoin.

The most popular online platform that you can use in order to buy, sell, transfer and store Bitcoin is something called, Coinbase. This is how I got started. It's great for newbies because it's secure and the interface is very simple.

A great feature of this platform is that they have an app that you can download onto your phone, which will send you alerts when any of the cryptocurrencies drop. They do have fees, but I believe that this is the best platform to start buying Bitcoin.

Watch my YouTube video above to get a sneak peek of my screen share, where I log into my private Coinbase account, show you how it works, and guide you through the steps for how you can start buying Bitcoin.

If you want to invest large amounts of money into cryptocurrency, I suggest that you store your Bitcoin money in a hardware wallet, like Trezor. Doing so will ensure that you are protected because there is a risk of getting hacked and losing your cryptocurrency.

In closing, I can't think of any reason why someone shouldn't invest in cryptocurrencies. The potential of it is huge, and I know this first-hand. Ive been in the Bitcoin game for over a year now, and have been able to make a lot of money from it, and so can you.

In the words of Erin Schmidt, the CEO of Google, “Bitcoin is a remarkable cryptographic achievement, and the ability to create something that is not duplicable in the digital world has enormous value.” Stop questioning whether or not it's too late to get in the game, and start investing in cryptocurrencies now!

Are you ready to start investing in Bitcoin and create long-term, passive income? CLICK HERE to get $10 of Bitcoin FREE with Coinbase!