9 Mistakes Crypto Investors Make (And How To Avoid Them)

In this video, I will show you the common mistakes crypto investors make and how you can avoid them. Especially beginners are often making some of those mistakes which can cost you dearly. So let me show you how you can stay clear of them.

Most crypto investors think the coin stock available for a few pennies or considerably less than a penny can possibly increase according to your expectation. Likewise, as they are really cheap, they can purchase a huge number of cheap crypto stocks within their budget. This thought has been cemented by cryptos like Doge or Shiba Inu growing multiple times their underlying cost. In any case, the majority of the crypto investors don’t see that many different coins were available and extremely inexpensive, however, are at this point not present in the market. Would you be able to think about what happened to their investors? Definitely, they all, most probably, lost their whole investment. These very low-evaluated coins can go down to zero within no time. The closer they are to zero USD, the quicker they can get there as well.

Maybe not the most exciting subject but hugely important. Remember, crypto is unregulated and if something goes wrong, the chances of recovering your coins are close to none.

If you want relatively safe coins to hold long-term, then you can pretty much just have Bitcoin and maybe Ethereum and/or Cardano.

You should only ever invest an amount you can afford to lose. Of course, no one wants to lose money but you have to remember that crypto is extremely volatile and those amazing gains go in hand with the risk of huge losses. The lower the market cap, the higher the volatility and risk.

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▶️ TIMESTAMPS

0:00 Crytpo Mistakes - Intro
0:13 Mistake #1
1:03 Mistake #2
2:45 Mistake #3
3:33 Mistake #4
4:31 Mistake #5
5:16 Mistake #6
6:29 Mistake #7
8:01 Mistake #8
8:48 Mistake #9
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▶️ 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).

#crypto #cryptomistakes #investingmistakes #bitcoinmistakes #shibainu #dodgecoin #memecoin

[SmartMoneywithKai]

Be honest, are you guilty of making any of those mistakes before? I know I did😉

Also, you can get paid up to 12.5% interest on your Crypto, they will pay for your Netflix & Spotify and unlimited Airport Lounge Access if you use one of their amazing and FREE Visa Cards.

[cryptovision]

The community aspect of cryptocurrency is so important; thanks for addressing it.

[DigitalBreakthrough]

This video really helped clarify some of the complexities of crypto investing.

[EricDucommun]

Great stuff Kai! I really appreciated the tip on confirming the wallet address! I’m very new to crypto so that was helpful!

[renatamiron]

Awesome video. When I look at the graphic I feel lost. I believe learning graphics is the hardest part of investing. I'm going intuitive at the moment but I read a lot, watch videos but it is still very hard to read the graphic.

[kevefe]

Oh I wish someone send 10 bitcoin wrongly to my bitcoin wallet 🤒💰