Ben SimpsonNavigating the world of crypto with confidence & expertise | Founder & CEO of Collective Shift

I lost $120K in one trade by listening to the wrong influencer. #crypto #bitcoin #investing

Name: I lost $120K in one trade by listening to the wrong influencer. #crypto #bitcoin #investing
Uploaded: 2025-09-11T07:38:36+00:00
Duration: 1 min 5 s
Channel: Ben Simpson
Description: A first-person YouTube monologue by Ben Simpson recounting a major cryptocurrency trading loss—$120,000—after following an unreliable online influencer’s…

11 Sept 2025 · 1 min

Watch on YouTube

1:05

A first-person YouTube monologue by Ben Simpson recounting a major cryptocurrency trading loss—$120,000—after following an unreliable online influencer’s analysis. He explains the lesson learned: don’t follow unvetted online advice, hire credible experts (he hired director of research Matt), and invest in a trusted team (he now spends over $200,000/month on his investment team). The clip gives practical advice to use specialists (broker, financial advisor, buyer’s agent, crypto expert) and to follow people you trust.

Questions this video answers

$120,000

Eight years ago

About $15,000

$300

Over $200,000 per month

Chapters

I lost $120,000 in a single trade because of this one lesson that you need to know. This was eight years ago. I got into an early project and I didn't have the patience. And I was listening to someone online that was telling me some sort of analysis framework, blueprint on YouTube, telling me why this indicator was going to be right and that essentially the market was going to collapse. He was completely wrong, all right? He said the bitcoin was going to go from whatever it was at the time, $15,000, down to like 300. I was listening to all of his YouTube videos, and he was completely wrong. And the biggest lesson I learned by listening to people online that have no credibility, that are just putting out views, content to watch, get your eyeballs to watch them. They do not have your incentives aligned. The biggest lesson that I learned is that I needed the best people around me to help me invest. That's why I hired our director of research, Matt. And now I spend over $200,000 a month on my team to help me invest into this space to grow my capital. So the biggest lesson is stop following idiots online. Get the right insights. Use a broker for your property. You have a financial advisor for your stocks. Probably have a buyer's agent for the different properties you have. Who is your crypto expert. That is what I found. I brought in the team, and now we help others. And that is the biggest lesson. Follow people you trust.