Ep. 62 - 7 Reasons Why You Need to Pay Attention to Cryptocurrencies with Siam Kidd
Sponsored by XTB Brokers . Go to www.twoblokestrading.com/xtb to trade 5 different cryptos including Bitcoin, Ethereum, Ripple, Dash and Litecoin
To learn the systems that the Two Blokes use and get 3 months free coaching from Traders Support Club visit www.tscmember.co.uk/tbt
Ali Coaching Tom on Support and Resistance levels: https://youtu.be/E0_IUK9GfJc
In this episode:
Tom and Owen are like new men, having cast aside their idle selves in a bid to live up to the expectations of Andy Demi from episode 61. Kind of.
Tom receives an intervention after almost having a breakdown about support and resistance. YOUTUBE.
Ali from TSC fixed him over the course of a detailed 45 minute session where he showed Tom exactly how he plots S/R. Check it out here.
Siam Kidd returns to tell us why he believes no one can afford to ignore cryptocurrencies
We mentioned two upcoming resources to aid us in the foray into the unknown of cryptos.
Let Ashraif Laidi take you by the hand tonight at 8pm and tell you how he trades cryptos. See us there at 8pm tonight by registering here
Owen is attending the XTB Crypto Masterclass on 19th August in London. You should too. Sign up now here (only 120 places left!)
Trader Interview - Siam Kidd of The Realistic Trader - 7 Reasons Why You Need to Pay Attention to Cryptocurrencies
This is Siam Kidd’s second appearance on the show. Last time he explained the ‘Lamborghini’ trade trend following approach that he advocates on therealistictrader.com
This time he is here to talk to us about Bitcoin, Ethereum, Blockchain, Smart Contracts and the coming cryptocurrencies revolution! Siam used to be vociferously against investing time or money in cryptos, but he has now come round to a realisation that this is the way the world is going.
He gives us his 7 reasons why he used to be against cryptos, and 7 reasons why he now thinks that they must form a part of a our thinking over the next decade.
7 Reasons Why
First new financial market since 1694 - first money will flirt then pile in. We are still in flirting stage
3.2 billion people still don’t have access to the internet. When they come online in the next decade they will fly into all new technologies like blockchain
The market cap of cryptocurrencies is exploding, even though there are only an estimated 15 million accounts and probably fewer than 5 million individual investors. What happens when the public actually get involved?
Blockchain technologies will consume the planet - the Facebook and Google of blockchain have yet to be invented
Blockchain will kill all middlemen business and change the face of commerce
Cryptocurrencies are the best hedge against government and central bank interference and financial pandemics
Cryptos are the biggest bubble in human history. This is a massive OPPORTUNITY to get in, ride it, and exit before the BANG!
This was one of our most exciting interviews to date, and comes at a time when The Blokes (and I daresay a number of our listeners) are really beginning to look at cryptocurrencies. We are at the start of a new world in technology, and now is the time to get ahead of the curve and pay attention to cryptocurrencies!
Siam Kidd will return next week in Part 2 of his interview.