A weekend crypto read from Glen Goodman
If you are looking for an accessible and breezy read on all-things crypto you could start with Glen Goodman’s book The Crypto Trader: How Anyone can Make Money Trading Bitcoin and Other Cryptocurrencies.
Goodman rose to crypto fame as the man behind the popular trading page on Facebook called The Share Guy, which was once “the biggest the trading page in the world”, according to publisher Harriman.
He started buying bitcoin back in 2014 when it was trading at around $300. By his own admission he may have been better not to have been trading in and out of the digital currency.
It dawned on him that crypto was “going to be a once-in-a-generation paradigm shift from old tech to new tech”.
Refreshingly, Goodman points out that there is no Buffett moat in crypto with a “very valuable castle in the middle”.
“Bottom line? Every major cryptocurrency has bitter rivals that threaten to be faster, more secure, more scalable. There’s no sure thing in this infant industry.
In an exhilarating journey through the ups and down of his crypto trading learning curve he provides honest and instructive lessons, concluding, for example, that “day trading is for losers”. Customers of interactive investors will likely be familiar with guiding principles such as “trade the trend until it bends”, “run your winners, cut your losses” – Goodman breaks that down for the layperson and makes sense of those chart patterns.
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