Cryptocurrency Hodlers – 3 Big Investing Mistakes to Avoid in May 2021! | Bitboy Crypto

 

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Cryptocurrency hodlers – What are 3 big mistakes to avoid in May 2021? Today we are joined by Ben of Bitboy Crypto to discuss bitcoin, ethereum, cardano, and the cryptocurrency market in May!

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Cryptocurrency Hodlers – 3 Big Investing Mistakes to Avoid in May 2021! | Bitboy Crypto

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39 comments

  1. Fomo Buying trashcoin tops. Diamond hand holding dumping trash. FUD selling bottoms. 3 most common mistakes and the path to getting rekt.

  2. 1. Understand the history (cycles)
    2. Learn to take profits
    3. Get educated
    4. DONT get caught in the market emotions

  3. Yes understanding what you are investing is so important. Recognize what emotions you’re feeling. I keep telling people that right now every one feels like a genius but that can end once the bull run is over.

  4. I’m fond of the 3rd points, I’ve lost huge sum of money from not taking profits

  5. Everyone talks about how important it is to take profits, but I haven’t seen anyone really explain more deeply than that.

  6. Investing is how you create wealth,I started investing from pandemic crash 👍

  7. ❤️ U guys! Subscribe to both your channels and watch them daily!!! You change lives. Everyday.

  8. @Michael Sam That won’t bother you if you trade with a professional like David mattos

  9. +=1=3=3=2=2=4=4=5=7=0=3
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  10. +=1=3=3=2=2=4=4=5=7=0=3
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  11. +=1=3=3=2=2=4=4=5=7=0=3
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  12. +=1=3=3=2=2=4=4=5=7=0=3
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  13. +=1=3=3=2=2=4=4=5=7=0=3
    M•E•S•S•A•G•E•M•Y•E•X•P•ER•T•O•N •W•H•A•T•S•A•P•P

  14. W•H•A•T•S•A•P•P

    +•1•9•1•8•4•1•0•9•3•0•2•

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    B•T•C<>A•N•D<>•E•T•H…!!!

  15. W•H•A•T•S•A•P•P

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  16. W•H•A•T•S•A•P•P

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  17. It’s crazy how much I’ve learned from yall, bitboy included, and how excited I am for the bear market to catch them sales

  18. My biggest concern is; After taking profits how much does the coin retrace back to? If it goes to 2.00 what’s the bear price?

  19. I think they say that so you get out qhat you put in before the bear market. Just remember to figure out the capital gains on those gains though. Save that portion for taxes if you would have to pay in. Otherwise just stay in for the long haul. Ride through the bear market

  20. is it wise to exchange your eth in btc now as as Eth will consolidate? and than exchange again from btc to eth? Bearing in mind the cycles..

  21. @Caa79 not looking forward to tax time next year. But bottom line is that it’s in vs. money out correct? And losses count against gains?

  22. You bought a building and it’s a tangible asset. “It’s not going away”. You obviously didn’t get the memo…”You will own nothing and be happy” -WEF

  23. @Nick L lol ok guy. I put in my stimulus and bonus from work all free money! already up 6k in two months. thanks though!

  24. @Brandon Anders 6k? What a baller. Im up 600k since Dec. You need to pump those numbers up. Thats rookie stuff.

  25. there is an excellent resource on youtube. search ‘how to take profits in crypto’ and its the one thats like 20 minutes long with the spreadsheet. it changed my life by eliminating stress and simplifying the whole process. I take out 25% at key levels of x2 , x3, x6, x9, and x18. after that depends on coin. i restart the process every market cycle for each coin

  26. @Jason Prezant Yes, with the proviso that different countries have different tax rules regarding allowability of transaction fees for buying/selling and converting to fiat.

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