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

The biggest mistake happens before you even pick a coin..

Name: The biggest mistake happens before you even pick a coin..
Uploaded: 2026-02-10T20:45:32+00:00
Duration: 44 s
Channel: Ben Simpson
Description: In this short video, the speaker—who claims to have made millions in cryptocurrency—identifies the most common error wealthy investors make: failing to…

10 Feb 2026 · 1 min

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In this short video, the speaker—who claims to have made millions in cryptocurrency—identifies the most common error wealthy investors make: failing to establish a disciplined investment approach before selecting a specific coin. He promotes dollar‑cost averaging (DCA) over lump‑sum, random purchases, arguing that DCA spreads risk over time. He then draws a sharp distinction between Bitcoin and altcoins, describing Bitcoin as a government‑backed commodity or "digital gold" used to hedge inflation, while characterising altcoins as early‑stage startup‑like projects with a 90‑95% failure rate and little revenue potential. The core advice is to treat Bitcoin and altcoins as separate asset classes, applying different risk‑management strategies to keep capital safe.

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I made millions in crypto and the biggest mistake I see wealthy investors make isn't what you'd expect. It happens before they even pick a coin. The thing is that we teach and we work with our clients on is dollar cost averaging into positions over a period of time, not lump sum random investments. The other thing is understanding that Bitcoin and altcoins are two completely separate asset classes. Bitcoin is literally a commodity that the governments are using, central banks are using to offset the rate of inflation, and this is the new digital gold. Altcoins, on the other hand are basically early stage startups that may or may not win. They have a 90 to 95% failure rate and a lot of them are not even valuable in terms of creating revenue. They are not like shares. You need to separate the understanding of picking the right coins from others because that is what keeps capital safe.