One Mistake You Should Never Make As A Crypto Investor

in crypto •  2 months ago 

One lesson that I learned from a failed cryptocurrency project is not to trust anonymous founders. Super important.

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Now, can you invest in a project that has an anonymous founder?

Yes, I do all the time, but I don't trust them. For example, if I buy a coin with an anonymous founder, in my head, that is an extremely high risk project and I allocate my portfolio accordingly.

I am not going to put 40% of my portfolio in an anonymous founder project. I'm going to put less than 1% in these types of projects.

Most people do not understand this. This is called risk management. This is called portfolio allocation management. Pay close attention to what I'm saying.

Think about it for a second. The person that runs the project literally has no accountability. He can rob your money and he is not going to prison and nobody knows who he is.

You deserve to lose your money if you invest in these too aggressively.

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  ·  2 months ago  ·  

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