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State of the Markets

#197 Glen Goodman - Time to sell Bitcoin??

Mar 24, 2024
Crypto trader Glen Goodman discusses the timing to sell Bitcoin, challenges of trading in a volatile market, government overreach in pandemic response, media bias, and investment strategies. He delves into navigating crypto hype, market skepticism, and brain dichotomy. Exploring memory retrieval, book and film recommendations, and future podcast topics.
01:49:08

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Quick takeaways

  • Bitcoin is money, Ethereum is a programming platform for apps.
  • Use technical analysis for cryptocurrency selection based on momentum.

Deep dives

Analyzing Cryptocurrencies: Bitcoin and Ethereum

Bitcoin is considered a form of money, while Ethereum is viewed as an operating system for applications. Ethereum acts as a programming platform where apps are built, serving a dual role as money and a development platform. I keep track of fundamental factors like technology state and developer popularity. I rely on technical analysis to select cryptocurrencies, screening for momentum and trend following signals such as moving averages and RSI. I prefer buying after long consolidations with breakout patterns.

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