Vinicius, a new Bitcoin trader
Vinicious is a brasilian guy living in Barcelona who asked for a loan which was granted, he is a new Bitcoin trader of this new age, diagnosed with mild bipolar disorder and a survivor of this financial Crisis.
Introduce yourself to our readers…
Hi, My name is Vinicius. I am an independent trader with no professional background on finance. I used to have my own business, a clothes shop and art gallery. In 2010 the recession caught me and kicked my ass, for several years later I tried to figure out another way to make money and after dwelling with several personal aspects I threw all my past away and started studying trading on my own. I trade on Forex, Gold & Oil and Bitcoin.
How did you find out about cryptocurrencies?
I think it was in 2012 or maybe 13… I met a guy who was doing “illegal things” and one day he started talking to me about “something called the deep web” where he could find more buyers and that they used something called “Bitcoin”. I didn’t pay much attention to it, for me it was just some kind of digital “Disney Dollars”, so you could buy and sell illegal stuff over the internet!!. A couple of years later, when I was getting more into analyzing charts I started observing the BTC chart, it was just around 600 or 800 dollars after the first surge to 1200$ and suddenly one day it crashed badly, the mtgox hack happened, and then I thought… this is total bullshit.
Did you buy your first Bitcoins at a time when there weren’t any recognized, secure exchanges?
Are there any secure Bitcoin exchanges? They all work fine until they get fucked by hackers, and those guys are all up into cryptos right now. Secure exchanges means that your money would be safe in case of a robbery, if someone takes your Bitcoins away there is no way of getting them back. There is not one insurance company backing bitcoin exchanges, so if they say they are secure and recognized, they are lying. It is a pure exercise of trust.
How difficult it was and it is to find people to speak about cryptocurrency?
Not that much, after the Netflix doc came out everybody I talk to knows a little about it. But everybody just talks about the possibility of becoming millionaires. Not much about the technology behind it.
Do you think Satoshi is a real Person? Have you ever thought or read about any Bitcoin conspiracy?
Yes. I steer away from conspiracy theories, although I have some of my own. But I prefer common sense.
Do you think there are big Bitcoin holders or platforms that are moving the prices for their own benefits?
Definitely. This idea that BTC is not centralized is just a technical jargon, a definition to separate its concept from other types of currencies, but it’s simple math and if you hold enough coins and influence in certain chat rooms and media outlets you can play with the value wherever you want it to go. And they (Bitcoiners) love to talk shit about Central Banks… My advice!!. Never trust a Libertarian, they are either naive (noobs) or they are trying to scam you out your coins.
What do you think about people that are using this blockchain technology to buy weapons, drugs and other illegal things?
Dread Pirate Roberts is a sociopath and I hope he rots in jail.
What do you think about ICO’s?
Simple answer, 95% of them are scams.
What ICO’s you like and why?
I do not like them.
The way I see it is this: The last financial crisis created a huge social vacuum in all aspects, a vacuum that needs to be filled, so it will suck anything and anyone into it, and it doesn’t see the difference between good and bad ideas. Liars, criminals, sociopaths and robbers thrive in these moments in time and history. The idea of funding an idea before it even materializes itself is just stupid. I bought some Golem a while a go, and now I feel stupid for doing it so, I am just waiting to sell them back at a reasonable price before they all get fucked by the FBI and/or their Russian, European and Chinese counterparts.
Do you think that all crypto’s should be legalized for all Governments?
Yes. Blockchain is the way to end state corruption. It should be totally legalized and implemented by Governments. (fu** the Libertarians, if you think Governments are bullshit move to Somalia, they did great without one…)
Which is your favorite cryptocurrency and why?
Bitcoin. Because is the benchmark for every other crypto, is the fail safe crypto, when other start to fail people flock back to bitcoin. So if for some reason this whole project fails bitcoin will be the last to go… giving you a chance to save your money.
What trading platforms and exchanges do you use? Any advice for our readers?
Libertex. Choose the oldest and popular ones that work within a tightly regulated financial area.
What do you suggest for new young trader that thinks this is ‘’the Panacea” for their money problems?
Is hard work. If you wanna try to become rich without working go and try to be a Youtuber. Clear your head from what you think you know, trust common sense over hype and stick to facts over rumors.
How did you learn trading?
By loosing money on it. I am still learning. When I place an order and I move with the trend I like to think I have got this under control, then you get kicked in the nuts and the markets show you who is the boss. The secret is money management. I am working very hard to control my impulses. Emotions made me lose more money than anything else.
What attracted you to work as trader?
Money but now, besides that, it has to do with my personality. There are as many ways of trading as there are people in this planet. Several years ago I was diagnosed with mild bipolar disorder. In some aspects it means that I have an overstimulated mind. Working with forex and understanding macroeconomics is a productive way to channel this condition ´cause it demands a lot from my intellect (more than I can handle at once) and it helps to keep me focused, don’t waste energy in useless shit.
How long have you been trading?
Not long enough.
Do you trade with your own money or you are trading for others?. Can you explain us how it works and which are Bitcoin Trader funding methods, percentages,etc.?
I trade my own money and only for myself. I saved from work, borrowed some money and opened my account and here I am.
What techniques, indexes, oscillators or tools to measure graphs are your favorites? What helps you to make the right decisions?
Now I am very into finding Elliott Wave cycles with Fibonacci extensions. Candlesticks in daily charts are powerful tools, and Ichimoku clouds to give me a sense if the market is in a trend or moving sideways. I stopped using oscillator because they just give you a hindsight of what happened but do nothing on what you could do about it in the future. They make your screen look pretty cool and fancy. I keep some open just to make people believe I am some kind of market genius. Lol.
In your opinion how would you invest to reduce risks?
I stick with the senior pros recomendation on this one. Never risk more than 1 or 2% of your account in one trade. And cut your loses quick if the market changes the trend against you. This kind of tight money managing is what keeps me in the game when I take losses.
How would you invest $20K in cryptocoins today?
Which one was your worst and best trade?
Too personal. Lol
Is there anything else you would like to share with our readers?
Don’t believe the hype. And thanks for reading.
Link to your linkedIn or any social network : I´don´t do Social Network. Just messenger and whats app for close friends and family.