
361 | Blockchain, Smart Contracts, and NFT's | Part 1
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The Two Cardinal Sins of Cryptocurrency Investing
In the crypto world, a lot of the same things that would cause you to lose money in stocks are the same thing that will cause you to losing all your money crypto. So i think the two kind of cardinal sins would be leverage, certainly as the number one, and maybe speculation,. Like we talked about, the greater fool theory of, like, buying something and hoping to flip it to somebody else for a higher price. But again, i kind of like that thought of, ok, is this a calculated risk, as opposed to a ridiculous, i'm going to put this on leverage, right? Jonathan, we can say probably 50 times. I no leverage. That is a catastrophe
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