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Would be great for us new guys to go over your thoughts on which currency is best to buy when initially buying in from coinbase for example. Do you recommend buying Bitcoin, Ethereum or Litecoin since certain coin can only be traded using specific coins and markets? Also, which markets should we be setting up getting ready for trades like these? Do we only need Kraken and Bitrex in your opinion?

I cant really help with this question, maybe some other followers can help you.. I have never used coinbase, I only bought $300 of bitcoin from CAVirtex Canada (Closed, bought by kraken) 2 years ago and never bought anything more..

Oh and for the second question, yeah, i do like bittrex, and kraken, and many others too.. but probably id start with a big one like kraken

I'd buy bitcoin first. It's the base trading currency for for all alt trading and is relatively less volatile.