What Bitcoin Did: WBD 002 - Interview with Nik Patel

  • Thursday, 30 November 2017 12:07
WHERE TO FIND THE SHOWiTunes   |   Spotify   |   Stitcher   |   SoundCloud   |   YouTube   |   TuneIn Download Episode MP3 File The file will open in new window. Click down arrow to download the file. In the second episode of The What Bitcoin Did Podcast, I chat with popular Crypto trader @daytradernik in detail about how he was hacked earlier this year, losing two-thirds of his portfolio and how he has bounced back. Nik also explains his approach to trading strategy, covering topics such as micro-cap trading, comparisons with trading forex and hedging his investments with Silver.Breakdown of the show00:00  Introduction04:42  Welcome and Nik's background08:39  How Nik was hacked22:22  Scams and Ponzi schemes in the Crypto space26:23  Nik's approach to strategy27:35  Why Nik is buying silver with his Crypto profits34:36  Nik's approach to portfolio management and why he prefers micro-caps38:30  Technical skills and technical analysis40:40  Nik's view on groups42:56  Day trading thoughts46:50  Other traders Nik respects47:58  Mistakes Nik has made which we can learn from51:14  Nik's specific strategy on the micro level and coins he likes56:40  Nik's life outside of Crypto59:30  Nik's recommended resources1:01:35 Closing thoughtsShow NotesConnect with Nik:On Twitter @daytradernikHis Telegram groupContribute to his book via his Patreon page Security resources:Read @notsofast's SteemIt article on Crypto securityGet a U2F key for your Gmail accountsHave a different Gmail account for each exchangeDifferent passwords for every account - using a password manager for this makes it easyVirusTotal scan wallets before running them, and run in a sandbox or on a VM where possible.Encrypt local walletsBackup everything on an encrypted USB Recommended resources:Nik's Medium article discussing how to pick micro-capsChris Burniske 's book: Cryptoassets: The Innovative Investor's Guide to Bitcoin and BeyondBanking on Bitcoin documentary on YouTubeInner Circle's YouTube videosLaura Shin's podcast Unchained, where she interviews Raval NavikantWhere Nik talks about patience I made a video about thisCrypto Street podcast where @notsofast is interviewed Where to buy silver:Zilver GoudwinkelBitgildThe silver chart Nik mentioned in the interview Twitter people to follow: Nuse (ant)Bitcoin Dad@notsofastSecrets of Crypto Other people mentioned in the show:Laura ShinNaval RavikantNicola DukeWilson TrodlerThanksJason Camiolo for audio production, his website is at http://www.jasoncamiolo.com/

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