Hey, guys... I didn't do this for a long time... I mean, recording a video in my daily walks... But today was nice weather, I hit the road (path), and decided to share with you some of my thoughts... Or better said, to share with you (from my personal experience) how to avoid losing money in crypto...
Do you stake tokens? Do you compound your earnings? Do you accumulate dozens of different tokens? Do you understand what is the purpose (and use case) of all those tokens? Do you follow developments around the tokens? Do you watch the news, live streams, or attend Discord/Telegram chat groups?
It's a lot of things to follow and I could freely say that it's impossible to do all that if you have investments in more than 10-15 "active" tokens! Sometimes it's hard to follow just one, and imagine 20! When the Splinterlands team changed gears to higher ones, I couldn't follow things at all... and that is JUST a game!
Back to the topic... I did a lot of bad investments in the past and I will probably do many others in the future... But, as usual, it is always about numbers, it's always math behind it, and probabilities... All our previous mistakes are recorded somewhere in our minds and sometimes, they are processed... If not, they are just data standing on the shelves without being used...
So, in this video, I'm sharing some of my (and many others) common mistakes that I have done in the past... If you are staking, compounding tokens... This video is for you... While I was recording I had one interesting thought that I would like to share with you, but I didn't do it... Just a small comparison...
Bad investment is like a bad marriage... You are aware of it when it's too late... š
Check out the video for more details and leave a comment with your opinion... This post is not financial advice...
Thank you for your valuable time,
ph
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons ā Attribution 3.0 Unported ā CC BY 3.0
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