3 Mistakes to Avoid in Crypto + The 1 Secret To Keep Your Web3 Investments Tight

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1st Mistake:  Mining Dogecoin in 2013--FOR ONLY TWO MONTHS. 

Check out the video: 

 If you do something, stick with it for 1-5 years.  Don't get distracted by the next shiny object.  If I would have kept mining, the Doge would have been worth more than the proceeds of my house I just sold after 12 years of homeownership in Denver, CO!
And yes, the two months of mining dogecoin, definitely ended up paying for the computer and more when I checked in in late 2021. 

Pic of dogecoin mining computer (open case) being assembled:

2nd Mistake:  Taking crypto loans out and getting overleveraged with a Blockfi Loan (when trying to renovate physical real estate assets--don't worry house is sold now and it was a handsome profit).  

You can see from December to February, the same dates i was using the loan to improve my property, I was also needing to add more collateral since bitcoin's price was dipping, otherwise they'd liquidate my BTC collateral at a price on the lower end!  Distracting from my renovation and stressful. 
Now, Blockfi doesn't even pay interest on the crypto you add.  Was not worth starting a relationship with them, but cool to have that experience on a smaller amount. 


3rd Mistake:  Taking profit too soon.  I still have no solution to this one.  Some call it paper hands.  But, please, don't call me that.  After all, I did take profit and having too much greed, or too much fear, is what kills you in this game. 



The #1 Secret:  to keep your investments safe, don't FOMO into projects where you dont' personally know the team.  The best way is to network, invest in long-term relationships, and become friends with the founders for the best information.  What we would call "Handshaking;"  it's about the long-term relationships and win-win setups.  You can trust people you know personally more than internet friends.   

If you want to invest in something long-term check out the upcoming NFT collection Subscribe DAO.