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“Why I’m Bullish” | Mike Novogratz
Bankless
Advice from Mike Novogratz
Understand your financial limits; avoid investing all your money in crypto. Young individuals should focus on finding a growing community and securing a manageable mortgage through an FHA loan, as this allows for the beneficial use of leverage. Invest in properties prudently, as the potential appreciation can significantly increase your returns through leverage. While leverage can amplify gains, it also carries risks, especially in volatile markets like crypto where excessive leverage is particularly dangerous. Always take some profits by selling portions of your investments as they appreciate, especially when dealing with high-potential assets. Core holdings should consist of well-distributed tokens with stable supply structures, contrasting with newly launched tokens that may have inflated valuations and potential for drops due to upcoming sell-offs. Making informed decisions and taking profits during market volatility are crucial strategies for safeguarding investments and maximizing returns.
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