Why You're Always Broke - 7 Myths Ruining Your Crypto Portfolio
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- Опубликовано: 6 июн 2024
- 7 myths preventing you from earning a lot of money from crypto
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00:00 Intro
01:29 Just Buy without DYOR
02:45 Bitcoin is the only crypto
04:36 Central Exchanges are like Banks
06:52 Crypto is for short-term plays only
08:12 Meme coins are stupid
09:25 Everything will just go up
10:10 Influencers Are Always Right
#bitcoin #crypto #investing
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Disclaimer
Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency. 
Наука
Gimme that wife-changing money! 😂
I probably would have made a lot more money last cycle if I wouldn’t have been following the hyped up influencers. There’s a few really big ones that are either bang or bust on opening up certain coins and the emotion that it causes makes it hard to stay patient and not FOMO. I appreciate how calm and logical you are in your videos. Thanks again.
Great video and advice. Keep up the good work
I'm 49, I spend the 1st 30 ish years of my life trying to follow my boomer parents advice, (put a little away every paycheck) I was constantly broke from having constant emergencies or NEEDING that cash for a birthday or Christmas. I also realized I'm the late 2010 times that I needed to learn about economics. After finding out cash is losing value every day I stopped saving cash and began buying gold/ silver and then crypto. I finally have a small nest egg and am eagerly waiting the parabolic movement to transfer some wealth to physical wealth and property. When I talk to others who are still living the (CHASE THE CASH) lifestyle I attempt to get them converted. But people need to stop worrying about how much cash they have and buy investments that go up as an average
People always get in when bullish resistance is about to take place .when you should get in nobody wants to buy. we are not even in the bull market yet.. we're at the door.
May has always been lacking for crypto but after May expect things to take off
Thank you!
Thank you
Great video 👍
Great video - good for every one to take a deep breath and remind ourselves of some basics
I need that unbroke feeling. I'm not broke but I feel broke.
Appreciate your honesty. New to your channel. Been in crypto since jan 2021
I feel like volatility is the biggest reason. People freak out when their portfolio goes down. Rather than holding, most people either panic sell or trade to other coins and get slaughtered with fees
Everything Lark said in this one is 💯 spot on
Beware Ben Armstrong aka Bitboy.
lol
Beware lark also. They are all scammers
@@Endlesswinterrr
😂😂😂
@@EndlesswinterrrLark is not a scammer! 🤦🏼♀️
To be honest this is one of the most stressful markets I’ve ever invested into! I’m still massively down and things don’t seem to be getting better.
D.c.a down on dips so you get back on track quicker unless you are skint. You must be new. Good luck😮
Lark seems like a good guy
Breaking the myths one at a time. 🤜🤛
Still waiting on that Polygon upgrade video Lark…. Also what are your thoughts on ZetaChain?
Very few analysts mention ZetaChain at all. Kyle Chasse is one of the few. He thinks it has huge potential because of what it solves. It could take a lot of time and the recent decline is not hopeful but hey things are temporarily a bit bearish overall. I think this one could be a sleeper and if it doesn't get much love, just HODL before it does?
Is Slothana the next 1000xgem meme coin, its launching on may 1st 4pm UTC.
Time in the market is your best friend
I was up a dollar so i sold. No one taking my profits
😂😂 that’s funny 😆😆
I hold 751k Gala since 5 years ago and haven't sell till' now.
you got them balls of steel bro
Tf.... that's cool
Lark bring back the outro song 🎵
Lark, hownhave you not got a massive bag of Stacks STX?
0x0, KAS, GLQ, BYTES
IoTeX's architecture is meticulously crafted for scalability, supporting high transaction throughput and interoperability with diverse blockchain networks.
When everybody sells stock and BTC, then I will buy. The markets are very extended right now.
I sold off all my bags and bought more avalanche and bitcoin.. avax for under $34... yes please. It just hit $65 like last week.. atleast it feels that wat
Take profits, or the market will take them for you.
Fax lol
Unfortunately that's dann true
Not really if you dont constantly get in and out i.e. FOMO then panic selling OR gamble into shit coins for quick profit 😂
Yeah… take your chips off the table at the start of the race… good call😘
By the way I'm not saying sell now. I'm saying sell when you hit your targets or prepare to hold for another few years. For anyone dumb enough to not understand the first time.
Ive got to get that gambler mentality out of my system but not before I rekt my entire portfolio yesterday. Well, thank goodness for staking unlock 20 day wait periods. Lol now I have to root for the Eth ecosystem victory against SEC, Damn.
I’ve been saving cash waiting for the price to buy more Bitcoin and Jasmy and still have more in the event it goes down further….
I stayed away from all the coins that were new and pumped to 300% or more. If investments get that big and investors cash out leaving a few dollars. It might take more time to build up again if it does during the 2024 bull run.
Whats your take on this Bitcoin halving? A little delayed of a response no?
What response? Halving zero impact other than miners leaving.
@@lurker668 Thats my point. There hasn't been a response.
Just look at previous halvings where nothing happened for 3 months. A lot of people do not realise at all how hard the supply crunch will hit. There will be substantial buying pressure once people realise how incredibly scarce bitcoin has become now and that FOMO has always pushed the price a great deal, I expect bitcoin to go at least 2x. The market cap was much lower when it went like 6x during the previous cycle.
100% true
Aero down to 88 cents.. I have 2.5k at $1.39 average, my portfolio is about 18k, do I add more?
Yes add more then add more on 50c 30c 10c and 1c till you run out of money lose all and will be finally free... You buying useless worthless crap what did you expect? Good job buying top of rug shitcoin
I'm awaiting to see if it can hold this support level at around 87 cents...it can drop down to 45 cents still even lower. once it finishes the day over 87 cents it will be safer
if you are looking for the absolute best price to add in that's how I'd play it. you can roll the dice now tho and hope ur right but adding and it goes to 45 cents ull be kicking urself
@@lurker668 dude for real? he was trying to find a way to make money. it don't look great right now. maybe ppl who did well on aero got smug and pissed you off...but why would u reply like that?
Add more
I use inflated dollars for broken projects . I degen but blame Ben at the end of the day
Buy in the bear market, dca,hodl, sell off near the top 👌
Eth drained me last cycle. I’m sticking with sol this cycle. Been good so far.
*so far ...in 4 years "sol drained me last cycle ..." 😂😂😂
Totally absurd what you just said. Eth is the same price it was during the bull market 4 years ago . Eth is about to get an ETF and Solana is a failed system that will never get an ETF. Both could perform the same at this point ,but soI can go back down to $8 again.eth won't see these prices ever again
This is the truth.
Bitcoin 🎉
We are all getting wrecked. Accept it there won't be any bull market. And the influencers will tell you that they saw it coming a mile away. Crypto cycle is broken and I am out of this as of today. Good luck to anyone still thinking they will make Millions.
I’m down like 4K this month I think I know why I’m broke.
😂
It's a zero sum game. For every person who cashes out as a millionaire there must necessarily be a bunch of other people who contributed to giving him that money. It can't be any other way. Crypto won't be valuable before people start Scrooge McDuck'ing their Bitcoin, rather than trying to find the opportune moment to take profits. It has to become a medium of exchange for other goods than cool cash before it has any utility. Let's see when oil purchases are settled with Bitcoin. That would be something!
I'm broke because I longed crypto.
Do not buy crypto!!! You will get rekt!
REKTTTTTTTTTTT
Crow with knife
Keep Jesus first! Thanks Lark
Jesus is gay
@@scottsleeman9159 Leftists killed Jesus.
@@mareksniknais5415must be gay if leftists can kill you
No thanks... If we all thought like that the world would be in a perpetual state of chaos and war. Christianity is nothing more than another control mechanism established by the previous masters to keep everyone a slave.
@@scottsleeman9159
You don’t talk like that about Jesus.
One day when you are burning in hell you will remember your words
I am broke because i am investing in crypto. It would be better for me that i never entered in this terrible market
When did you enter? I promise you if you wait it out it will be worth it. This time next year you'll be glad you held out.
You should do whatever best is for you
If you just started like me, you just have the bad luck of the recent dip and the lack of experience to DCA in early enough (i.e. the bearmarket, during which I knew exactly nothing about crypto and didn't even consider). Some of my coins are down 50%! Those are low cap coins and can explode upwards just as easily. Be patient my friend! Set a target/targets to sell at. Hold on till then. It's unbelievable how impatient people can get with crypto because some coins go 10x in a month. Not every month can be like that.
Whatever you do, do NOT panic sell. That is how you lose money.
Sell and take profit before it’s too late. Next ATH in 2 years or so. You will thank me later
What’s the point ?! That is so dumb - just hold for 2 years then … absolutely dumb to sell now! You can thank me now!
@@relaxo2739ignore them it's obviously a newbie who doesny know and bought st the top.
first bro!
I'm favoured financially with Bitcoin ETFs,
Thank you buddy $32,000 weekly profit
regardless of how bad it gets on the
economy.
Love how videos like this come out when the market is dow. Like this dude hasn't been bullish for months. How tf is this shit legal