The Biggest Mistake You Can Make When Investing in Bitcoin and Other Cryptocurrencies

This is an interesting video from Gary Vee.

Please note, it was filmed in 2018. Meaning people got into debt, bought at 18k and then Bitcoin plummeted to ~3k. Yes, I know that in hindsight, those people were lucky, but no, they weren’t. It took over 2 years for the price to go up again, and they had to make their loan payments, credit card payments, sell their bitcoin at a lower price etc.

The takeaway from this is solid advice: Only invest what you can afford to lose, HODL for many years, don’t go in for the quick buck even in a bull run such as the one at the time of writing this (April 2021, BTC @ 51.000 euro), and the biggest one is that this is not a get rich quick scheme.

If you believe in bitcoin and want to invest some money that you can afford to lose, you can start right here.