After five years trading crypto, the speaker outlines five mistakes that kill profits: not taking gains, impatience, skipping whitepapers, dismissing other viewpoints, and staying isolated instead of joining active communities.
Over the past 5 years, I have made a lot of money in crypto. Here are 5 mistakes that I have made that you can avoid that will help you make a lot of money in crypto in the future. The first one, and arguably the most important, is not taking profits. You only make money in this industry and in this market if you take profits. Countless times I have watched my bag 10x and then go all the way down to like a 2x or even break even. The second mistake is not having patience. Literally the most effective and proven strategy all of crypto is to buy low, or when you feel like it's low, and just sit there and wait for the crypto to go up and then take profit, because historically these all go up. The third mistake was not reading white papers or light papers. Just put the time in and read the white paper of the project you're looking at. The fourth would be not valuing everybody's perspective. Don't lock yourself out of any opportunities by hating on coins. And the last one, make sure you become a part of helpful crypto groups.
