3 Overrated Crypto Concepts That Cost Me Thousands of Dollars

It's impossible not to make mistakes investing in the crypto space. But it's possible to learn from the mistakes and avoid repeating them.

Scott Debevic

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Photo by Brett Jordan on Unsplash

Like eating, investing is a very personal and variable undertaking. For example, some people skip breakfast, while others consider it the day's most important meal. When it comes to investing, some people happily invest in index funds and ETFs, while others trade cryptos, invest in options, or trade on margin.

And some of our investing habits, like our eating habits, can be very unhealthy and lead to a lower quality of life. Nobody wants to be 200 pounds overweight or 50 pounds underweight, and most people don't want to be broke or devote every waking minute to thinking about money.

And, like dieting, several investing concepts get peddled to us, promising us quick riches, stellar returns, and a more luxurious lower-stress lifestyle. Some work, but a lot of them don't. And I thought this might be a good time to reflect on some of the crypto investing concepts that have cost me a lot of money and provided me with some expensive lessons.

Overrated Concept #1

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Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com