🛑 DON'T INVEST YOUR INCOME IN CRYPTO 🚫💸
Today, a follower at the conference told me, "I'm putting all my earnings into crypto!" Let me stop you right there. This is a surefire way to end up broke with empty pockets and no savings.
Allocating a portion of your income to crypto and stocks is smart. But putting all your eggs in the crypto basket? Big mistake.
Remember, crypto is risky. It can bring big gains, but also big losses. Investing most of your earnings means risking a lot of capital, and emotionally, you're probably not ready for that. It's a recipe for making costly, emotional mistakes.
Trust me, I've seen it happen during the last bull market. People lost 3 to 12 months' worth of salary, foolishly.
They sold at the worst times and bought at the best times. Don't be like them. PLEASE DONT BE LIKE THEM!!!!!!!!!!!!!!!!!!!
I know some crypto die-hards will disagree. They think cryptos are bulletproof and have no long-term risk. That's just not true.
Invest wisely, take profits, and step back. You'll thank me when you come back in the next cycle. 🔄💰
- Professor Matthias Mende out!