Investing in Crypto: The Basics
In this clip from the LeoFinance Podcast, Mitch and Khal give a beginner talk on how to get started in both crypto and TradFi investing. We talk about some of the common pitfalls people engage in.
Investing is only effective when you are inextricably linked to a pattern of good habits. Anyone who doesn't follow good practices when investing is subject to all of the major mistakes that we always here about.
In Crypto, these effects are dramatically increased as the layers of complexity stack.
In this clip:
- We are all guilty of using apps or engage in practices we don’t understand
- Investing can be easy but not effective if you don’t know what you are doing
- It’s always a must to be informed and research before investing
- The minority of investors both in stocks and crypto are those who make the most out of the investment, but the majority of those who are invested don’t know what they are doing, this is why so many people end up losing money
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Lol. My favourite part of this video was the thumbnail. I could help with that if you ever need an illustrator and I take Hive/Leo payment💪💪
The average person is doing what the average person does in the end. Jumping into the in thing hoping it works...which works for a smaller minority than they would think.
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These are basic and very useful things for investors.
First of all, we need to know what we are doing and what we are investing in, and we need to set our goal and make a plan to get there. Those who do not research and plan while investing rarely take profits.
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I have lost so much and hated crypto. But now i have come to love crypto again.
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It would be great if I knew more about investing, but now that I'm taking the trending forex market, I'm thinking about creating a community that discusses the trending market.
One have no choice than to just love crypto for the way it is. It is not Always coming the way we like it always and that's is why it is different from other platforms
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so far in my short timespan of investing in crypto keep it simple works for me, from what I have seen online there are two things that make ppl take the wrong path, time and liquidity, i think you need to give time to the project develop and see gains without much effort, 3 - 5 years and liquidity, the money you are putting it cant be money you need for anything soon, got a stash of btc and eth since 2020 that i havent sold anything and plan to buy more, Hive is my 7th project Im invested so far besides just watching the market is stressful, thx for sharing ✌️
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