The 5 Technical Bitcoin Mistakes That Cost Me Real Money - What Nobody Tells You When You Start Investing and How to Avoid Every Single One (Bit Coin, Wealth & Investing)
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$473 million worth of Bitcoin vanished overnight when Mount Gox collapsed in 2014. I was on that exchange. I lost Dogecoin to a hack on a random platform. I used leverage once and did not sleep properly for three weeks. This episode is the five technical mistakes that cost me real money so they never cost you.
In this episode:
- Why leaving your Bitcoin on an exchange means you do not actually own Bitcoin what Mount Gox taught me the hard way and the twenty minute fix that means nobody can ever take yours
- Why yield scams and guaranteed return platforms have wiped out more Bitcoin wealth than almost anything else what Celsius proved and how to spot the difference between a legitimate product and a Ponzi scheme
- Why I tried leverage once, could not sleep for three weeks, and why ten billion dollars of leveraged positions were wiped out in a single day in 2021
I built a free calculator that shows exactly what consistent monthly Bitcoin investing could do to your wealth over 5, 10 or 20 years. It's called the Steady Stack Calculator — punch in what you can afford to put in each month and see what the numbers actually look like at the other end. Most people are genuinely surprised. You can also download the 10 Bitcoin Mistakes to Avoid document completely free at the same link.
Steady Stack Calculator and 10 Bitcoin Mistakes Document — click here to grab both for free
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