How To Start Investing In Crypto In 10 Minutes Or Less

How To Start Investing In Crypto In 10 Minutes Or Less

Due to the meteoric rise of Bitcoin in the last couple years, creating many “crypto millionaires” there has been a surge of interest in learning how to buy crypto coins.

Why Invest In Crypto?

Over the last few years of investing, watching the stock market almost everyday, with its ups and downs, I noticed something interest after I added crypto to my portfolio.

Here’s what I noticed: when the stock market goes down, crypto goes up.

This is an interesting discovery for a couple reasons.

People are using crypto as a hedge against stock market crashes and inflation. While waiting for surges in price (speculating), we can use our digital coins as a hedge against our other investments (mainly stock and real estate), giving us an immediate benefit.

Here’s how to invest in Crypto in less than 10 minutes:

  1. Make an account at Coinbase
  2. Buy some Bitcoin
  3. Buy some Ethereum
  4. Buy some Litecoin
  5. Buy some Chainlink

Congratulations, you’re now investied in crypto! Now you have a ticket to win the lottery and you have a hedge against stock/real estate losses.

Continue watching prices on you portfolio, and just as in stocks, buy on red days.

And research other coins that might take off. You never know what the next big thing will be unless you do your due diligence.

As crypto technology becomes more ubiquitous, and with companies like PayPal and other payment processors starting to accept Bitcoin for buying things on Amazon and everywhere else that accepts PayPal, the practicality will push crypto into the mainstream.

Most importantly, have fun with it.

And as always, happy investing.

Why Stop Losses Actually Increase Risk

Why Stop Losses Actually Increase Risk

In this video we are going to to discuss stop losses, why they are a bad idea and why they actually increase risk, despite what pretty much everyone says, they are a bad idea.

Small down movement lock in losses when the shares might rebound quickly.

When shares gap over a stop loss, you might not notice.

They create a false sense of security, especially with the threat of gapping, you might not pay attention as closely to news and your portfolio if you feel safe with your stops.

Use stop losses at your own peril, in most cases they increase risk, lock in losses and give you a false sense of security

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3 Big Mistakes New Investors Make

3 Big Mistakes New Investors Make

When you new and excited to invest, you’re probably a little overwhelmed with everything like setting up a brokerage account, what all the symbols mean, how to put a buy/sell order in, how to find a good investment, which company at what price, what the hell are greeks, how do options work, etc…

But none of those things, though they are important have anything to do with the 3 big mistakes almost all new investors make.

When you are new to investing, be extremely careful who you listen to, the industry is absolutely filled with straight up fake people who don’t know what they are talking about (trying to fake it before they make it), straight up con artists, people blinded by their own bias, it’s an absolute minefield. You have to do your own reserach and carefully screen out sources of advice.

The Esoteric Nature of Money

The Esoteric Nature of Money

Money is a form of energy, more accurately a store of energy, but energy none the less, so if you think of it as a flow of energy like water or electricity, it’s going to take the path of least resistance.

Money is a store of energy and it is attracted to certain people, if you gave everyone $1 million dollars, it would end up in the same hands in 10 years.

Money wants to circulate, it doesn’t like being couped up.

Understanding the esoteric nature of money as energy should help you to develop the mindset and actions required to be the kind of person money is attracted to.