Lark Davis: Don't Make These Mistakes In Your Bitcoin Investments!

 

Cryptocurrency analyst and YouTuber Lark Davis says Bitcoin and altcoin investors often make six mistakes that prevent them from making huge gains in the middle of a bull market. 

Lark Davis: Don't do that with your Bitcoin and altcoin investments! In a new video, Lark Davis says investing in his 242,000 subscribers more than you can afford to lose is a recipe for disaster. Lark Davis adds the following to his comments on the subject: 

IF YOU DO CRAZY THINGS LIKE LEVERAGE TRADE WITH YOUR RENTAL MONEY… IT WILL END IT VERY BAD… 

Bomb Claim and Prediction: SpaceX Buys Bitcoin! BTC Will Kick These Levels Lark Davis also reveals another common mistake that he says sets successful investors apart. Lark Davis adds the following to his comments on the subject: 

THE SECOND COMMON MISTAKE IS TO UNDERSTAND THAT PROTECTING YOUR CAPITAL IS A MEGA IMPORTANT THING IN THIS GAME. In fact, MOST SUCCESSFUL INVESTORS FINALLY WOULD BE REALLY GOOD IN ONE ABOUT: RISK MANAGEMENT.

 Lark Davis: If you keep the size of the position low you will lose less The lack of proper position size is the third mistake on the crypto analyst's list. Lark Davis advises investors to limit their allocation in the different assets they own. Lark Davis adds the following to his comments on the subject: 

THE THIRD MISTAKE IS NOT TO MAINTAIN POSITION SIZE ACCORDING TO RISK… HIGH RISK ALTCOIN PROJECTS, TOKEN SALES, PER TOKEN, 1% TO 3% OF YOUR PORTFOLIO SHOULD NOT BE EXPOSED. LOSE A SMALL PERCENT OF YOUR PORTFOLIO… POSSIBLE YOU CAN LOSE 1% OR 2% OF YOUR PORTFOLIO. 

Market Giants Invest In This Crypto Money Project! Did 100x Lark Davis: Don't go into a cryptocurrency without doing your own research! The next mistake is that investors tend to invest in cryptocurrencies without doing their own research. Lark Davis adds the following to his comments on the subject:

MANY MANY PEOPLE RANDOM TO FOMO IN ALTCOIN PROJECTS. BECAUSE AN IMPRESSIVE TALKED ABOUT IT OR SOMETHING LIKE… YOU NEED TO UNDERSTAND WHAT THAT CRYPTO MONEY OR ALTCOIN REALLY IS, WHAT IT REALLY DOES. WHY DID YOU INVEST IN THIS, WHAT IS THE REAL REASON OF INVESTING IN THIS CRYPTO CURRENCY AND KEEP IT IN YOUR HAND? 

Lark Davis: Instead of taking all the profits early, take it cyclically! The YouTuber explains that the fifth mistake was selling cryptocurrency too early. Lark Davis adds the following to his comments on the subject: 

BUY SMALL PORTIONS AS THE PRICE INCREASES, INSTEAD OF SELLING ALL YOUR CRYPTO COINS AT ONE TIME. THIS HELPS YOU RETURN YOUR CAPITAL, PROTECT YOUR CAPITAL, STABLE YOUR PORTFOLIO AND ALWAYS MAKE PROFITS.

Analyst Holding Many Predictions: Collapse Is Coming! Bitcoin and Ethereum Heading To These Levels Lark Davis: If you really want to manage your risk, distribute your investments. The last mistake, according to the cryptocurrency trader and influencer, is to limit investments in the cryptocurrency space. Lark Davis adds the following to his comments on the subject: 

IF YOU REALLY WANT TO MANAGE YOUR RISK, DISTRIBUTE YOUR INVESTMENTS. BECAUSE THE WHOLE CRYPTO CURRENCY MARKET REALLY WORKS LIKE A LARGE DISTRIBUTED TECHNOLOGY SHARE. WHEN BITCOIN IS SPILLED, EVERYTHING IS SPILLED. THIS CRYPTO…. IF YOU WANT TO REDUCE YOUR OVERALL PORTFOLIO RISK, ALSO INVEST IN SUBSTANCES WITHOUT CRYPTO CURRENCY.