3 Things New Cryptocurrency Traders Often Get Wrong
So while we can't predict the future, please know that because cryptocurrency has recently had a pullback (aka a strong buying opportunity within a long-term upward trend) after Bitcoin made new all-time highs (a huge deal, as Bitcoin is nearly 11-years-old), this could be a very profitable time to buy.
Which brings me to what I wanted to talk about today:
3 Common Mistakes Cryptocurrency Traders Make (So That You Know What's Up and Therefore Don't Make Them Too!)
Mistake #1: Being aware of an opportunity to "buy low" during an upward trend, and not acting on it
This is super super common when you're starting out...because you're not necessarily confident about what "buying low" really means. How do you know the price won't drop further? How can you tell the cryptocurrency in question is headed back up?
Girl if these are your questions, our webcast can help.
Mistake #2: Assuming that you have to learn more before giving crypto a try...and then never making it happen
One thing we see a lot that really breaks our hearts is when folks - especially women, and especially especially BIWOC - don't own crypto yet because they feel they don't know enough to take the plunge.
First up - remember that the average cryptocurrency trader is a racist misogynistic white straight male who, needless to say, is also stupid (you will see this if you subject yourself to crypto Reddit subs. They are among the most troubling places on the internet.)
You are much, much smarter. And more capable and better-looking. And an opportunity to learn more is right in front of you through our course, if you want to take it.
If you are one of the wonderful generous white straight males in our community, using Seeds and supporting folks in need, we love and appreciate you. But beautiful folks like those in this community are the exception in the crypto-sphere, rather than the rule.
....at least until we blow Seeds up and more and more of us are using it to make the world better.
Ladies & NB Friends: you DESERVE to be wealthy. The late-stage capitalistic system is (obviously) increasingly defunct, and the people it propped up - the vast majority of which are privileged white straight men who did not use wealth to create a more caring world - are no longer going to wield power in the same way.
The new earth we're building, the phoenix that can rise from those ashes, needs generous people like you driving it. It is essential. And you'll be best equipped to do that if you're already in abundance yourself.
Generous, lovely people of the Seeds community who are feeling hesitant for whatever reason, please hear me now: cryptocurrency can make you very, very wealthy. Like, for real. It can make you fucking rich. But only if you own some. π
Mistake #3: Letting your crypto just sit in your wallet when you could take 3 minutes to make a passive income off of it through staking
The design of DeFi is SO BEAUTIFUL because it frees us from reliance on centralized banks! Through staking in DeFi, we can almost effortlessly be a bank for one another via a trustworthy programmatic approach... and get paid for doing so.
Plus, if you stake your SEEDS cryptocurrency any time in 2020, at month's end we will double your money.
These are a few of the most common mistakes, but there are more. If you'd like further insights, weβve got that aforementioned webcast that can help, and the link to the waitlist for our next live course is again here.
Sorry if this language seems strong. Weβre yelling a bit so you'll hear us.
We just want y'all beautiful, giving people to be rich, because when you are, the world will be better. That's all. π