Great video again! I do agree with most points you make there.
For me, i started investing in April 2017 so we are not too far off ;).
I however chose to only invest 10% of what I have, as the most important rule for me is "invest what you can lose". This obviously goes with the point you make at the end of the video that it depends on what backups you have, can you move back in with your parents... Which for me is not possible. I really do like the perspective on investing in crypto's against investing in your own business!
Congrats on the gains that you'll have made too then Sherlock! Absolutely, it all comes down to personal risk tolerance and taking responsibility at the end of the day.
@louisthomas I find it refreshing that you have not contracted the "crypto lambo disease" that seems to be so rife in this space. So congratulations on your gains and keep making those videos. It would be interesting to know if crypto is treated any differently to other investments by the revenue in terms of capital gains.
You have made right decisions by investing in Bitcoin and ethereum this two digital currencies have the potential of great value in the future, this is a reliable investment instruments, thank you for sharing this video, so informative, worthy of resteemed and upvote.
Became a fan of your since I saw your videos on YouTube. Now, I'm glad that you're active on steemit too. Thank you for sharing your journey. In hindsight, I wish I invested before, but oh well. No point in regretting about it.
Cheers man!! I will be completing 7 months in the crypto space in a couple of days. The journey has been great so far, with so many ups and downs, testing every bit of doubt that I had on myself.
Monetary profit is one thing but what it has taught me about money in general and the emotions of being in the market is on a different scale.
The normal stock market would have taken around 5 years to teach that.
I feel like we're the same person bro. I quit my shitty sales job and I'm about to move back in with my parents so that I can work part time and keep adding to my crypto portfolio, where most of my (small) net worth currently resides.
I went to university and studied the best minds of the past and present, but failed to learn technical skills that will help me build value in the world today. So I'd rather bet my money on those creating projects that I actually believe will change the world rather than starting my own business. I'm quite optimistic about the ability of future technologies to change our lives for the better. Open source will hopefully incentivize the majority to use this new technology for good.
Agree 100% responsibility plus your age matters because the younger you are the more you can recover. I want to invest more but I am so heavily weighted in the crypto space I have had to pull back and keep some in real estate and precious metals. All strategies can protect against inflation. :)
I love your argument with the (failing) restaurant/freelance investments. I am thinking about a lot, that I couldn´t convince my family to invest in crypto 2 years ago...till this day my grandma is just repeating the bad crypto news from television. If she would have invested all her lottery money into crypto...! I wanted to renew my premiumize.me account and they are accepting Byteball and Ethereum...second time after your video I am hearing about this crypto (GByte)..your video is linked in their social on coinmarketcap.
For video ideas you could explain what you personally like to look at or research when first looking into a new coin. What do you look at first, what does or doesn't effect your view of the coin, do you prefer utility or security, etc.
I like how level headed and calmly you seem to think through things. It's a big refreshment from a lot of the major hype/FUD extremes that the cryptocurrency community seems to be saturated with.
Congrat my dear .is not easy to stay focus on something for over one year.i hope you will be sharing your experience for us to tap wisdom from you.glad to come across your post
Hi Louis I’m also in crypto, since dec 17, so still new but have used every free minute to research projects and markets.
Recently I started on a data project, where i segment crypto in “industries”, would you mind taking a look? I will update the data every Sunday. I wanna see which segments move much each week. Like exchanges, cryptocurrencies, blockchain platforms, ai, digital advertising etc.
I think it is, as you say, a very personal decision. Its a crazy volatile market at the moment, but hopefull in the long term things will get more steady and mainstream. Here's hoping. But like you I am enjoying the excitemnt and development of these new ways of exchanging.
I love your enthusiasm.
I know what you did goes counter to traditional advice. However, the more I reflect on it, the more it seems like a smart move.
Younger people (<30) are bound to have less of a savings pot because they haven't had chance to build it. You have less to lose (or less to protect), so why not take that (calculated) risk? I'd imagine the downside wouldn't destroy you in the long-term.
For someone whose about to retire, the same move is moronic. Investing a small proportion of your savings in those circumstances is the right move - as you have a pot of money which you've spent your whole life building. It would destroy you if things turned sour.
Mentioned this in a post I just published, as it does go counter to the standard /r/PersonalFinance advice and it's nice to have the discussion out there.
LOL @ Trust Fund kid! People will come up with all kinds of crazy theories to justify their biases.
Great video again! I do agree with most points you make there.
For me, i started investing in April 2017 so we are not too far off ;).
I however chose to only invest 10% of what I have, as the most important rule for me is "invest what you can lose". This obviously goes with the point you make at the end of the video that it depends on what backups you have, can you move back in with your parents... Which for me is not possible. I really do like the perspective on investing in crypto's against investing in your own business!
Congrats on the gains that you'll have made too then Sherlock! Absolutely, it all comes down to personal risk tolerance and taking responsibility at the end of the day.
@louisthomas I find it refreshing that you have not contracted the "crypto lambo disease" that seems to be so rife in this space. So congratulations on your gains and keep making those videos. It would be interesting to know if crypto is treated any differently to other investments by the revenue in terms of capital gains.
Thank you! I look forward to learning a lot more about capital gains when I meet with the accountant :)
Man do I wish I went into crypto a year ago as well. Good on you for doing though, and hope you got some sick gains!
Appreciate it brother, thank you :)
You have made right decisions by investing in Bitcoin and ethereum this two digital currencies have the potential of great value in the future, this is a reliable investment instruments, thank you for sharing this video, so informative, worthy of resteemed and upvote.
Became a fan of your since I saw your videos on YouTube. Now, I'm glad that you're active on steemit too. Thank you for sharing your journey. In hindsight, I wish I invested before, but oh well. No point in regretting about it.
Cheers Clive!
I remember one of my questions was featured in one of your videos that was pretty awesome!
BTW! Do you know if Cedric Dahl is on other platform than YouTube? His video today was AMAZING!
Cheers man!! I will be completing 7 months in the crypto space in a couple of days. The journey has been great so far, with so many ups and downs, testing every bit of doubt that I had on myself.
Monetary profit is one thing but what it has taught me about money in general and the emotions of being in the market is on a different scale.
The normal stock market would have taken around 5 years to teach that.
I feel like we're the same person bro. I quit my shitty sales job and I'm about to move back in with my parents so that I can work part time and keep adding to my crypto portfolio, where most of my (small) net worth currently resides.
I went to university and studied the best minds of the past and present, but failed to learn technical skills that will help me build value in the world today. So I'd rather bet my money on those creating projects that I actually believe will change the world rather than starting my own business. I'm quite optimistic about the ability of future technologies to change our lives for the better. Open source will hopefully incentivize the majority to use this new technology for good.
Keep posting great content!
We are all happy to pay taxes aren´t we? :D
Hahaha of course. There's nothing I enjoy more!
Agree 100% responsibility plus your age matters because the younger you are the more you can recover. I want to invest more but I am so heavily weighted in the crypto space I have had to pull back and keep some in real estate and precious metals. All strategies can protect against inflation. :)
I love your argument with the (failing) restaurant/freelance investments. I am thinking about a lot, that I couldn´t convince my family to invest in crypto 2 years ago...till this day my grandma is just repeating the bad crypto news from television. If she would have invested all her lottery money into crypto...! I wanted to renew my premiumize.me account and they are accepting Byteball and Ethereum...second time after your video I am hearing about this crypto (GByte)..your video is linked in their social on coinmarketcap.
For video ideas you could explain what you personally like to look at or research when first looking into a new coin. What do you look at first, what does or doesn't effect your view of the coin, do you prefer utility or security, etc.
I like how level headed and calmly you seem to think through things. It's a big refreshment from a lot of the major hype/FUD extremes that the cryptocurrency community seems to be saturated with.
great video.good job.
Congrat my dear .is not easy to stay focus on something for over one year.i hope you will be sharing your experience for us to tap wisdom from you.glad to come across your post
Hi Louis I’m also in crypto, since dec 17, so still new but have used every free minute to research projects and markets.
Recently I started on a data project, where i segment crypto in “industries”, would you mind taking a look? I will update the data every Sunday. I wanna see which segments move much each week. Like exchanges, cryptocurrencies, blockchain platforms, ai, digital advertising etc.
https://steemit.com/blog/@renej/top-100-crypto-sorted-by-segments-week-8-first-time-publishing-update-from-yesterday
Great vedio. Invested some money but wasn't so successful. Following you :-)
Bold move with your all in @louisthomas! Happy to see that it turned out so well for you so far. Thanks for this video & keep up the good work!
I think it is, as you say, a very personal decision. Its a crazy volatile market at the moment, but hopefull in the long term things will get more steady and mainstream. Here's hoping. But like you I am enjoying the excitemnt and development of these new ways of exchanging.
I love your enthusiasm.
I know what you did goes counter to traditional advice. However, the more I reflect on it, the more it seems like a smart move.
Younger people (<30) are bound to have less of a savings pot because they haven't had chance to build it. You have less to lose (or less to protect), so why not take that (calculated) risk? I'd imagine the downside wouldn't destroy you in the long-term.
For someone whose about to retire, the same move is moronic. Investing a small proportion of your savings in those circumstances is the right move - as you have a pot of money which you've spent your whole life building. It would destroy you if things turned sour.
Mentioned this in a post I just published, as it does go counter to the standard /r/PersonalFinance advice and it's nice to have the discussion out there.