Nik Patel, Renowned Trader & Author: Making Money in Crypto by Speculating on Altcoins

If you google about “trading altcoins” the top result you will find is Nik Patel and his “Altcoin Trader’s Handbook”, an extremely practical and at the same time entertaining guide on how to analyze, trade, and profit from altcoins. Half-way through reading Nik’s book, I knew I wanted to interview him. He has seen it all - from generating 43X returns to losing all of his capital. In this talk, we cover:

Dogecoin, which initially got Nik into crypto. We analyze why the Dogecoin still exists, and why it will continue to exist even without the recent promotion it received from Elon Musk. We then move to discuss how one can trade altcoins in a profitable way as a side hustle alongside your day job or how you can make altcoin trading your full-time job. Nik makes an in-depth analysis of the price of bitcoin and altcoins, the dependencies between those and his price action expectations. Last but not least, Nik shares his rationale as to why even the world’s wealthiest cannot destroy bitcoin.

This conversation was truly intriguing for me, which is why this episode ended up being a little longer than ones I previously did. But trust me, every minute of listening is totally worth it.

Nik’s Contact:

Nik’s weekly market analyses and coin reports (which are also featured on Binance Info) - https://www.altcointradershandbook.com   Nik Patel - https://twitter.com/cointradernik

 

Evangelists who converted Nik into crypto:

Getting tipped with Dogecoin Andreas M. Antonopoulos - https://twitter.com/aantonop

 

Leaders Nik continues to learn from:

https://twitter.com/notsofast

 

Other resources mentioned in the podcast:

Nik’s long Twitter thread about the crypto market from March 12, 2019 - https://twitter.com/cointradernik/status/1105426760492036096

Nik’s visual analysis of coin charts https://www.altcointradershandbook.com/the-precedence-of-price/

The go-to-platform for the market capitalization of cryptocurrencies https://coinmarketcap.com

 Feel free to message me, George, on Twitter @borderlessBTC.