The Peter McCormack Show How to Trade Bitcoin and Crypto with Luke Martin - WBD001
5 snips
Nov 24, 2017 
Luke Martin, crypto trader and analyst (Venture Coinist) who blends FX and finance know-how with Bitcoin and altcoin trading. He talks about his path from mining to full-time trading. He outlines a Bitcoin-first, macro trading approach, selecting coins by sector and utility, risk management and hedging, plus what to watch in institutional adoption and privacy coins.
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Started In Crypto By Building Mining Rigs
- Luke's first crypto exposure was mining Ethereum after laptop mining failed and rigs were built with a few thousand dollars.
- Mining led him into trading and chart-sharing on Twitter, which rapidly grew his audience.
Let Bitcoin's Channel Drive Your Trades
- Use Bitcoin's position in a long-term log channel as your primary timing signal for moving into alts or taking profits.
- If Bitcoin is near the channel top, take profits or rotate to alts/fiat; near the bottom, consider moving into Bitcoin for strength.
Make Bitcoin Your Core Holding First
- Most newcomers should slow down and make Bitcoin their core holding instead of actively trading.
- Zoom out on charts, avoid chasing coin-of-the-day hype, and treat Bitcoin as a long-term core asset.