Short YouTube monologue by Ben Simpson listing the three biggest mistakes crypto investors commonly make: overcomplicating portfolios (multiple exchanges, too many altcoins), lacking a sales strategy (leading to ‘round tripping’), and failing to maintain accountability and reliable information (following noisy influencers). Simpson frames the advice from his nine years of experience and claims to have made millions in crypto; he emphasizes taking profits during altcoin pumps rather than chasing more low-quality coins.
Chapters
These are three biggest mistakes I see crypto investors make in their portfolios. Why do I know this? Because I made all of these three when I first started and over the last nine years I've been able to help and fix other people's portfolios because I've helped myself and made millions of dollars in crypto. Maybe I'll put some screenshots here. Right. Number one is when you're getting into crypto, keep it simple, don't over complicate it. Don't have multiple exchanges, don't have too many altcoins. This makes it way too hard to sell. Number two is you need to have a sales strategy. I didn't have a sales strategy in my first cycle nine years ago. I round tripped. That is when you make all this money in a bull market and you give it all back on the downward slide. You need to have a sales strategy. When are you going to sell, how you're going to sell, what are you selling into, what targets, how are you thinking about it? That is so, so important. Number three is accountability and having the right information. When I started out, I started following YouTubers and influencers and they tell you all sorts of different stuff. There's so much noise in crypto. Everyone has their own little theory, everyone's selling you different trading things. 90% of it is absolutely rubbish. You need to have cut through the noise, listen to someone that you trust, have accountability to make sure you take profits at the right time. Don't get sucked into the noise because when the bull market hits that we're in. Now when altcoins really pump, that is the time you need to be taking profits, not doubling down and buying more crap. That is the three mistakes you need to fix to crush this cycle.
