How I lost 10K of my Crypto Portfolio🤯

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Yes, I admit it, I just lost €10,000, but you know what, it's ok. I haven't technically lost it as I haven't sold my stocks yet, but nonetheless, it is a painful experience to go through, but as this channel is all about financial education and transparency, I want to share this openly with you so you can learn from it.

In this video, I reveal my current cryptocurrency portfolio from 2021. I have started investing in cryptocurrency through Coinbase at the beginning of 2021 and it has been going extremely well until....it didn't.

But as I show you in the video, it's important not to panic sell and only invest money you can afford to lose. I am a long-term investor and see long-term growth potential in cryptocurrency and that's why I am not selling and not materializing my losses. You only lose money in stocks or crypto when you sell less than you bought it for, as long as you keep your financial discipline and hold on to them for better times you will be good to go.

I hope this portfolio reveal is useful for you and I will do more of those on a regular basis to show you the positive development in the long term.

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▶️ TIMESTAMPS

0:00 Cryptocurrency Portfolio Update - Intro
1:10 How I Started Investing In Cryptocurrency
1:35 I Am A Long-Term Investor
2:04 Only Invest Money You Can Afford To Lose
2:40 Don't Be A FOMO Investor
3:08 Coinbase Is My Crypto Exchange Of Choice
3:38 Cryptocurrency Portfolio Reveal
5:40 Cryptocurrency #1
6:15 Cryptocurrency #2
6:44 Cryptocurrency #3
7:47 Cryptocurrency Portfolio Update - Conclusion

▶️ ABOUT ME

Hi, I’m Kai and in this channel, my main goal is to simplify Personal Finance for you and I will be talking about all things Personal Finance, Financial Minimalism, Investing, Stocks & Cryptos, and Business Mindset to help you build a life of lasting impact and financial independence.

New videos are uploaded weekly.

Stay Awesome, Stay Blessed and I see you in the next video.
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Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions.

Affiliate Disclosure: This description contains some affiliate links, meaning that I may earn a small commission if you click through and use these links (at no additional cost to you).

#cryptocurrency #portfolioupdate #personalfinance #portfolioreveal #coinbase #smartmoney #lost10000

[SmartMoneywithKai]

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[RokasMagic]

Thanks for your transparency! I started buying Crypto in 2020 and I have BTC, ETH, ETC, ADA and DogeCoin (don't judge)! I have the same attitude - I only invest money that I am totally okay losing and I have no plans to touch it even if goes up by 50%. The same strategy if it goes down by 50% or more percent - I don't touch it. When I bought Crypto I told myself that this is a long-term investment. I am actually happy when the price goes down because I see it as a discount and I can buy more :)

[ogroogrom]

Kai, thanks for the video! Which wallet are you using for your cryptos? Are you planning making a video on it?

[ioanakat]

As you invested large amount of money in a certain cryptocurrency, isn't it more profitable to sell your crypto when it's high and buy it again when it gets a bit lower? I'm not talking about drastic changes in it's values, but when you invest a lot in it, i guess even the slightest changes can make a difference to your portfolio, right?
Sorry if it's a silly question, just trying to understand this better.