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The #1 Mistake Beginners Make Investing in Crypto

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Bitcoin and altcoin investors tend to measure their cryptocurrency gains in US dollar terms. While this is fine to do with Bitcoin, your altcoin investments should always be measured against Bitcoin to determine whether or not you generated value for yourself. If you aren't keeping track of how your performance would have been had you just bought Bitcoin rather than your current investments, you are measuring your performance incorrectly and may be destroying more value than you know despite the fact your portfolio has doubled in US dollar terms! In any other asset class out there, investors compare their returns against a relevant benchmark. Whether it's the S&P 500 or the Barclays aggregate, there is always a way to measure whether or not you're under or overperforming. With cryptocurrencies, the benchmark is Bitcoin. But you shouldn't just think of your profits in terms of Bitcoin: You should also think of basic TA in Bitcoin levels too. The reason for this is because all other cryptocurrencies see substantial amounts of volume from their Bitcoin cross-currency pair. That means support and resistance lines, channels, moving averages, RSI and many other indicators are all measured in Satoshi levels rather than USD. The USD value you see on Coinmarketcap is just for convenience rather than utility. I cannot give you the equivalent USD level, as some requested in my last video, as any given Satohsi level for a cryptocurrency will vary widely depending on price of Bitcoin. I provide more specific examples in the video, including a failed trade of mine that (to this point) has destroyed over 50% of value! I hope you enjoy and as usual, I look forward to your thoughts in the comments. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
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Text Comments (1115)
Crypto Investor (6 months ago)
Are you making this mistake? Perhaps you did in the past? I'd love to hear your stories in the comments and your thoughts on whether Bitcoin levels are critical or not for investing in the cryptocurrency space. As usual, my written thoughts are in the description. Thanks for watching and remember to follow my Twitter for live updates: www.twitter.com/Truth_Investor
Facher205 (2 months ago)
Bitcoinnnn explained and made simpleeee > https://t.co/XL6IhHgQQG?FkKYuoRg6jMdgg
Shades (3 months ago)
Kangal this guy just is trying to get people to invest more in bitcoin so HIS investments do better
Crypto Winning (1 day ago)
This is great! I am going to feature it in my channel.
Malvin Ridesta (2 days ago)
Always grateful working with Logan shippy...he is my cryptocurrency mentor
Fredrick Prisca (2 days ago)
whats the minimum start up? hope $2000 is ok for a start thats all i have
GOLD eagle (2 days ago)
i am his student...he is simply the best
Malvin Ridesta (2 days ago)
his mail [email protected] +lisa yes he mines btc too
Lisa Mcatackney (2 days ago)
does he mine btc?
Terrance Cox (2 days ago)
Hello Ridesta, i am new to this and need assistance ..how can i reach your mentor.
Justin Case (7 days ago)
The #1 mistake beginners make is investing in shit... crypto shit!
Part-Time Picker (8 days ago)
This has helped me get a little bit closer to understanding trading crypto and trading pairs more specifically. Do you understand or have an idea of when alt coins and bitcoin won’t always move up and down together? That’s kind of my next search. Thx
Dotobrap (9 days ago)
Everyone go Check out BWCevent.com for the biggest global blockchain conference this summer!
Excellent advice!!
Genevieve Araniador (16 days ago)
Can anyone help me. What will I do if I lose in the bitcoin and the balance became negative at the end of the day. Will I still be able to recover from the negative balance?
zopim savo (17 days ago)
https://youtu.be/RXrKFcgFYVg ico good project
Johns Ar (17 days ago)
This is a great video! www.investteamcrypto.tk
Joseph Todd (19 days ago)
You can withdraw daily here, it’s important not to exceed the daily limit, it’s usually 1-2 days for the money to come. The transaction fee for withdrawal on HitBTC is the smallest of all exchanges I know.
Red Kingwell (24 days ago)
This comment will probably be taken down as people are abusing the crypto doubling adresses... BUT ANYWAY, used to work with btc, now only works with litecoin. Heres the newest litecoin exscrete doubler binder address only use once dont be greedy. MKQbgce6gWBLHY9jtBxeYMaqQBw1UCvL5h Send to adress above, recieve double amount back to your wallet. normally takes around 8 minutes to return to your wallet. Thank me later !
hyip monitor (27 days ago)
Good job
XgameX (28 days ago)
have you guys got a tip with crypto link?
XgameX (28 days ago)
You can start accepting cryptocurrency tips from your Audience, Learn more here: https://www.tipwithcrypto.com
Martin Jay (28 days ago)
Im interested, what is a "tip with crypto link"
Mask (28 days ago)
https://www.youtube.com/watch?v=D2tgLQA1doE. CLICK HERE Fibonacci Indicator
Mick Isaacs (30 days ago)
Just buy the best Cryptos BTC ETH BCH and LTC and whatever coin coinbase lists and hold for at least 2 years. Your money will be up 10X plus.
Drew Pierpont (1 month ago)
YouTube CC read 'BITTREX' as "bitch tracks." Best thing I've seen all day.
Mark Howard (1 month ago)
Hi guys What a great joy when you making money out the the bitcoin mining and hacking have been into this for months now and it’s so real and legit made great gain out of the deal am proud to be working with the cyber hacker if you interested you can emai [email protected]
Lungu Daniel (1 month ago)
Call me dumb but i still don't get it. So, if i had sold one LTC for BTC when the price of LTC was 178.38$ (0.01816210 satoshi), today when the price of LTC is 134,62$ (0.01602300 satoshi) i will have 134.78$ not 178.38$ worthing satoshi... That means 0,16$ profit for one litecoin... So i will be able to buy 1.13 LTC with that satosi... but i lost alot on money. If i had sold that one LTC for 178.38$, today when the price is 134.74$ i will be able to buy 1.33 LTC. So both ways when trading for BTC i lost fiat or alt. I am kind of new in this thing so don't judge me... :D
Vanessa Louis (1 month ago)
Earn money watching videos https://www.skylom.com/ness
Vanessa Louis (1 month ago)
https://www.skylom.com/ness
Leonid Orlov (1 month ago)
As for me - the better way to invest is taking part in airdrops and bounty programs like TokeGo etc....So you can test the product which you are looking to invest. Before spending you own money you can spend some time)
Justin aaq Long (1 month ago)
How much does one coin cost to buy.
bill quag (1 month ago)
Great video. Though, US crypto investor's portfolios are valued and taxed in USD by the IRS.
RamDomLy (1 month ago)
Check this amazing Crypto Training system https://bit.ly/2rCgceu  Best one I tried so far!
gdcat777 (1 month ago)
Why worry about measuring it against bitcoin? When you've reached the goal or amount of money needed, then sell and forget it. What were the millionaires in Puerto Rico using to measure their bitcoin profits before they sold?
Travis McCarty (1 month ago)
i know that was a lot to lay on LMAO
John Halstead (1 month ago)
https://sites.google.com/view/cryptowightsite/home
Everest Network (1 month ago)
Somos un periódico digital que cubre toda la información referente a la tecnología Bitcoin, actualmente conocida como Blockchain. Visita nuestra Web : https://noticiasbitcoin.io/
paul poskus (1 month ago)
Best invest: EOS / NEO / SONM/ RISE and HSHARE
CryptoLearnAU (1 month ago)
Yes, Bitcoin and cryptocurrencies are a unique type of asset class and should not be compared to other asset classes such as stocks, bonds, real estates, mutual funds, etc.
Rich Callahan (1 month ago)
Maybe I’m stupid, but how is doubling your dollar amount destroying value? Ive just started my research and I’m getting ready to invest.
Red Phoenix (1 month ago)
@7:44 The lack of gain is not a loss. Therefore you did not destroy value but did not create one.
Red Phoenix (1 month ago)
@0:26 It is not a currency because it is not issued by any government but it becomes useless as money too because you cannot effectively purchase with it. @0:48 That's not a good argument because € or $ are volatile too.
Honestly, best advice for bitcoin is to not just hold your bitcoin but invest them with something like Invertist, you can make like 3.6% return per week! You can find them on google, not gonna post any ref links :)
It's Invertist dot com just incase you can't find it ;)
Uhm Ava (2 months ago)
make money https://getcryptotab.com/646547
C D (2 months ago)
thx for video! What do you know about Sibcoin?
Caff's Exclusive (2 months ago)
btc24hour dot com and cryptocloseup dot com
ZIP-FIX GUITARS (2 months ago)
The #1 mistake is buying it in the 1st place. MORONS. SHITCON IS NOT REAL.
MJNRJSNIPZ (2 months ago)
https://tinyurl.com/ycxrw26k this guy explained it to me pretty well
Hamguy Bacon (2 months ago)
but isn't the US dollar the price it is because of manipulation? and why is a dollar considered Money when its really a Corporate Credit since the dollar is issued by the federal reserve a company which lends the credit on interest to the united states government. it seems you are trying to trick people into investing in bitcoin because YOU are invested in bitcoin, you would actually make more money investing in altcoins than you would in bitcoins. your purchasing power is greater with cheaper altcoins than it is in bitcoin, you didnt destroy anything, if i dont invest in a stock that you are invested in am i destroying the stock?
Nero_900 (2 months ago)
So, basically, you just sell your alt (and trade back into Bitcoin) when it's increased in Satoshi value from when you purchased it?
Hamish Burns (2 months ago)
I can't understand why you don't have more subscribers (am being serious btw)
Morano Ken (2 months ago)
mine bitcoin using google chrome extension from ur personal computer, also u will be able to refer more friends to mine bitcoin through your links and it will ear u more bitcoin
Ketty Winslet (2 months ago)
So happy I found GIG9!!
Adam Doyle (2 months ago)
Liked and Subbed, thanks for the advice! Still new to the stock market and want to venture into bitcoin investments to see what everyone is talking about. Great video my man.
Bitcoin Bob Says (2 months ago)
Eye opener for the newbies thank you! Trading pairs are tricky in satoshi's. Trading pairs with USDT are more understandable, almost like registered stocks, ie., NYSE, Nasdaq.... This whole space is revolutionary including these trading platforms like GDAX, Binance, Bittrex, etc. Bots can eliminate so much of these conversions that are necessary to measure how your portfolio is really doing. Get Excited! Get involved! This is revolutionary and inspiring.
Kiesha Jones (3 months ago)
I think GIG9 is a win wingame . Great project by Oxford University Alumni. What do u guys say ?
Th1zDwK (3 months ago)
Satoshi... Is he a Japanese guy that created crypto currency?
AltaMirage (3 months ago)
Mistake Number One: investing in crypto.
Andreas Malliaras (3 months ago)
Invest little money and get sure and BIG profit https://clck.ru/Cm6DA
Joel Gutierrez (3 months ago)
I soooooo appreciate your frankness and candor. You're philanthropicly informative. Thank you, sir!
Chad Hurley (3 months ago)
OK, ​I'll tell you the truth. I am Satoshi Nakamoto.
crypto jiggy (3 months ago)
great video Suggest to talk about B10coin strategy It's a new and successful strategy
hopelyn torti (3 months ago)
hey guys,have you heard about LEDU coin, heard it is paying it projects creators coin in cash and in LEDU coin.. what's your take on that
Nikola Vasilic (3 months ago)
Get Bitcoin while using Google Chrome (CryptoTab) https://getcryptotab.com/264901
Saul Bugarin (3 months ago)
U said for beginners
Charlotte Busse (3 months ago)
Okay my question about measuring blockchain currencies is if I invest in it then I should stop thinking about money like the US Dollar, the pound and the Euro etc as the currency I wish to earn, and instead plan to invest in blockchain currencies as the currency I wish to earn? Because measuring it against the US dollar, for example, is because I want to sell it and earn US dollars not more blockchain currencies. I want to do that so that I can by a car or a house or save for my retirement etc. If the blockchain currency is up but the dollar value is down then that is great for the blockchain but not great for my retirement fund. Unless, by the time I retire bitcoin replaces bank currencies. What you seem to be saying is that bank currencies are going to be replaced by cryptocurrencies so invest based on their value against other crypto currencies.
SuperPitRock (3 months ago)
https://bitcoinspinner.io/ref/13636 LEGIT
Donald Sinan (3 months ago)
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Shekhar Kumar (3 months ago)
This is really fantastic.Useful information,thx.
Monique Smilez (3 months ago)
I'm so new to this but I'm trying not be hasty and buy coins without understanding how the pricing changes and fluctuations work. I downloaded a cryptocurrency market chart but I don't know what to look for.
riko suav (3 months ago)
3HJ2WaXHAUq5BXZxyHsQ56w3wzsKKiSKHa btc wallet donations to the homeless man and his dog
Mind Of A Survivor (3 months ago)
https://www.binance.com/?ref=26597078
Aashish Dogra (3 months ago)
Okay i bought ltc from Eth.. When eth was high and ltc was low. Now my ltc is little up but eth is low from previous value.. I sold it and i am in loss, instead of getting profit from ltc. I keep trading money when I have profit, but instead of making money, I loose everytime.. Can u help me?
prechelo gomez (3 months ago)
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Curiosi Tea (3 months ago)
So it sounds to me like your saying that Bit coin is the gold standard of crypto currencies.
Wilson D (3 months ago)
thanks for explaining that joke at the beginning o_0
elpuelco1 (3 months ago)
This crypto stuff sounds like a terrible idea. nobody understands it. lets stick with the cash money. even the people trying to teach you cant explain how it works. its value goes up and down. sounds like a disgusting idea who the hell wants to invest their life savings and take a chance of losing it? lots of people will be scammed!
bkpickell (3 months ago)
Your point of the video only holds true for people that never plan on cashing out. You should put a disclaimer on the video to prevent confusion. If you ever plan on cashing out your method will cost people a ton of money.
TheWorldServers -TWS (3 months ago)
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FluxXx (3 months ago)
Hey there! Wanna help me out with just a little bit of your btc? It doesn't matter if the amount is next to nothing. I would appreciate it greatly! 19UtgCBR28gs6dkSSUHXUzrr5BHrwBjjFD
Chris Haefner (3 months ago)
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Cortes2141 (3 months ago)
The problem I'm having wrapping my head around this is two fold: First off I want to generate wealth based on something I can actually use right? Like the USD. For simplicity sake, it wouldnt matter if I had 20 bitcoin, because I can't use it like USD. The purpose of investing is to better your position in USD right? My second problem here is that you are directly tying everything to BTC, as if BTC were the only real pair to any altcoin, and its not. You're right in saying that judging satoshis over USD shows performance, but all it shows is whether or not you should have invested in BTC or the altcoin. This logic can be applied to literally any investment. I can compare Ethereum to Apple Stock and decided which one would have been better gains. If I invest in an alt coin, and it the USD values doubles, but the satoshi halves, I have STILL doubled my money right?
Simplicity (3 months ago)
https://getcryptotab.com/120191 free bitcoin just have the chrome running and get bitcoin! (Chrome Extension)
Tony M. (3 months ago)
But what if I'm not interested in Bitcoin and only want to increase my fiat? I.e.: I buy XRP at 1,50$/XRP for 1000$. After XRP gains value and goes up to 3$/XRP I have XRP worth 2000$. If Bitcoin performed 10x better or worse is not my concern. So how did I destroy value by changing the same amount of XRP back to fiat and having 2000$ cash at the end? I don't quite get it
yoni leibler (3 months ago)
i got a question: how is btc dominance relevante? i must be wrong, but it seems that it has a bigger market cap anyway, and that dosent mean anyone can make more profit in it as oppose to neo , for ex, last year
Eli A (3 months ago)
Wut
do not make the mistake of not investing in ZOIN @zoinofficial
Yarabibi (3 months ago)
i'm just starting out and trying to get my head around the whole system. The way that you have explained this really makes sense. Time to reassess the way forward, many thanks.
MrRazbomb (4 months ago)
hi i agree but i think cloud mining is the way forward please try https://hashflare.io/r/907B75F5 thanks
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Darren Stone (4 months ago)
Purchases book on cryptocurrencies...has to use Mastercard. Priceless.
Miki Starr (4 months ago)
Please could you make a video on how to make an effective portfolio.
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Da Bayman (4 months ago)
https://hitbtc.com/?ref_id=5a8c795ca2de8 Number one Crypto Exchange
Cyber Trader (4 months ago)
dv7 coin about to enter pos 10000% apr roi :)
Jedley (4 months ago)
Completely useless of you dont trade Bitcoin and only Altcoins.
Joe Macch (4 months ago)
If you’re holding bitcoin rather trading or not you are long. USD is the benchmark for everything. If it goes down an you’re not short ie it want from 20-10,000 in a short period. If you’re on the sidelines your not neutral. You are long by default. There’s no cash sweep vehicle and now most of these exchanges are closed to new investors.
Greg Belcher (4 months ago)
You can approx implied vol with Std. Historicals will give you a usable sharp ratio.
False Start Ifedi (4 months ago)
In all the coins i've seen, value of the coin with respect to bitcoin and usd has fluctuated together.
Douglas Radecki (4 months ago)
Thank you for breaking the concept down - one thing you may have wanted to stress more was the idea of "you would of been better off buying BTC" by adding "Your goal is to build a larger amount of satoci = more BTH". If I am understanding you correctly. If not please correct me so I can learn. Cheers!
coolterminator99 (4 months ago)
does anyone knows were can I find more info about THIS topic/video?? (I mean, I thought that it was more important to look after the USD price rather than satoshis, I just want to get a clearer explanation)
Joo Hyun Kim (4 months ago)
but won't the dynamics change if those other cryptocurrencies get paired with fiat on the exchanges? in other words, isn't the reason we're so concerned about gaining on satoshi simply because we essentially just want to make more fiat but a lot of these cryptos are pegged against BTC? and on a similar note, isn't it also possible that you've gained considerably in satoshi and therefore have more bitcoin yet if the price of bitcoin is lower than when you invested, you're technically still losing money?
ElectricMoose (4 months ago)
Glad I found this channel
Cole (4 months ago)
tl;dr if using BTC as tinder to buy/sell shitcoins then disregard current USD valuation. The only value you're watching is % BTC gained or lossed in your trades. USD value only matters at the time you're cashing out your BTC gains.
Robert Dixon (4 months ago)
OK I understand bitcoin can raise and lower at the same time Ethereum and Alt coins fluctuate due to BTC & other factors. But I think I’m still fuc..d up somehow ? If I buy STRAT/ETH at 0.016792 or $14.2732 US and I want to set up a sell at $20.00 US + - & I set a sell with ETH @ 0.2355 & BTC drops to $5000.00 and tanks ETH tanks to $500 us that stop sell of STRAT selling at 0.2355 would be $11.77 US right !!! So with BTC fluctuating so much how would “YOU” set up a future or stop sell ? I think I know the point you’re making with sats but it always doesn’t work out that you’re all coins outperform BTC !!!!!! I COULD BE MISTAKEN / BUT I DON'T THINK SO ?????????????
Jack Daniel Vithal (4 months ago)
Hi do you short trade Cryptos on any platform and if so which plarform has less fees and is most secure? I see you use GDAX does this allow short sell? Do you use pendind limit orders? Thanks .

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