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In this video, Khal talks about the #1 mistake people make when they first start buying crypto!
What this Channel is About
There's been some debate about @khaltok and what the purpose of this account is for. This account is used to post the short-form videos that Khal and I - the Head of Growth - create for LeoFinance's Social Media accounts on:
- Tik Tok
- YouTube Shorts
- Facebook Reels
Our goal is to share this content on EVERY platform available: Web2 and Web3. Our goal is to grow LeoFinance's reach and key performance indicators as outlined by Khal to grow the # of community members and monthly active users.
The rewards on Khaltok's are up to the community. Khal allows me as Head of Growth to keep the rewards generated by this account on Hive and LEO.
Please head over to our Web2 social media platforms and like & comment & share the videos. These Web2 videos link back to the Web3 versions (i.e. the one you're viewing right now on 3Speak/LeoFinance/Hive)!
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Yes, panic buying during a huge pump, and then panic selling once it crashes (aka "buying high and selling low") is also extremely common. It is INCREDIBLE to think that even with the massive gains in crypto so many millions of people actually end up LOSING money due to terrible decisions and having zero mental discipline.
Look at DOGEcoin millionaire...dude went from $3.6 million to now like $500k, and $250k of that was a loan, so its actually less than $250k after fees and interest payments. This is what happens to people who dont bother to learn!
Do not regret it my friend, DOGE just got lucky and basically won the lottery in luck, and a bunch of kids on TikTok made it a lame fad for a while. It has always been a bad investment, and you were right to sell it, your decision was correct.
Poker players often tell each other a wise saying: "dont be results oriented". It means that you shouldnt beat yourself up over taking a loss after making a correct decision. If there was a decision that you knew would make you win money 99% of the time and you went ahead and did it, but you just ended up having some bad luck and that time happened to be the 1% of the time that you lose, it doesnt mean it was the wrong decision just because you happened to lose that one time...it was still the correct move regardless.
Hope that makes sense.
Cheers
Nice video, there are many small tips like that you could illustrate on small tik tok videos, which would benefit people just coming into the space. This is a good idea.
I also agree that there is a scarcity of accurate information in traditional media circles. To their credit there are job openings now in these legacy markets, so hopefully some people from Leofinance will try to fill them. This would probably improve the accuracy and quality of the information there. Which is important because they still have large audiences.
Posted Using LeoFinance Beta
This is SO true! Very very common mistake. I see newbies calling these so called "cheap" coins all the time. The dollar value does not matter: $100 still buys $100 worth of assets, regardless if the coin costs $100000 or $0.0000001. That is why meme coins always made a huge supply of coins, so that they can deceive naive newcomers that do not know any better, and trick them into buying their worthless coin of a dog pooping, rather than a real project that actually has a future such as the one you featured here, LUNA.
Please share this video far and wide guys!
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