In this episode, I cover:
⇒ Don’t play a game, with serious consequences, for money, that you don’t understand
⇒ Trees don’t grow to the sky. There is no such thing as an asset class that goes straight up. Every asset with any return potential has periods of loss, sometimes long and, in the case of crypto, more common than not.
⇒ Manage that risk by making crypto a small part of a diversified portfolio matched up to your objectives, risk tolerance and time horizon
⇒ Decide what you are going to do and when, while you are sane. Then stick to it.
⇒ Set it and forget it. Don’t fuel fear and greed by watching news or checking prices. There is no reason to react. Once it has happened, it is already too late anyway.
TO DIVE DEEPER INTO Topics Covered In This Episode:
Ep. 13: Should You Pay for a Cryptocurrency Investing Course? (Sane Crypto Podcast)
Ep. 04: Nassim Talen Interview – Fooled by Randomness (Sane Crypto Podcast)
Bitcoin Bear Markets – Kristov Atlas
Alternative Callan Table of Periodic Returns (RCM Alternatives)