Why I AVOID CRYPTO // Dangers of BITCOIN, NFTs & SPECULATIVE Assets // Investing vs Speculating

Investing
Why I AVOID CRYPTO? Should I Invest in BITCOIN, NFTs, Cryptocurrencies, Hype Stocks and SPECULATIVE Assets? What are the RISKS of Crypto? Will Crypto RECOVER? What is the Difference between INVESTING and SPECULATING? How can I “Get Rich Quick”?

This isn’t the kind of video I usually make. I try to avoid negativity which is why I have NOT spoken about Crypto in over 3 years but with the FTX Scandal and Bankruptcy and Crypto CRASH, I had to share my thoughts and raise these very REAL dangers. Real people are losing REAL money because of misinformation, hype and frankly irresponsible behaviour of YouTubers and influencers. You should NEVER try to “Get Rich Quick!” That’s NOT Investing! That’s Speculating and Gambling! Investing is building wealth in the LONG TERM! I hope that I’m wrong and I hope that Crypto recovers but even so, it’s important to be aware of the many RISKS with Bitcoin, Ethereum, Dogecoin and other Cryptocurrencies.

This is Chapter 11 of my MILLENNIAL INVESTING GUIDE, check out the other videos in this playlist 👇

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SKIP AHEAD ⏩
-Intro: 0:00
-Speculating vs Investing: 1:50
-Stocks: 3:08
-Speculative Asset: 4:01
-Gold: 5:09
-Easily Replaced: 6:00
-Scarcity is NOT Value: 6:59
-Blockchain: 8:15
-Crypto as Currency: 9:17
-FTX & Crypto Exchange Risks: 11:38
-Regulations: 12:05
-Evaluating Investments: 14:41
-Speculating is Gambling: 15:48
-My Crypto Portfolio: 16:40
-Will Crypto Recover? 18:18
-Closing Thoughts: 21:06

WATCH NEXT ▶️
-How to Buy Stocks in Canada – https://youtu.be/_V2yBWwOZX4
-How to Build Wealth in Canada – https://youtu.be/L10wfYl3_Qs
-Why Dividends During a Crash? – https://youtu.be/tfADYQuj6vY
-How Taxes Work in Canada – https://youtu.be/GShKBkv2xY8
-Best Dividend Stocks in Canada – https://youtu.be/_UBlF1WDvNo
-Best Canadian Dividend ETFs – https://youtu.be/hXrN5EVCp8Y
-TFSA Explained Investing Tax Free – https://youtu.be/i_bWf1NyUbE
-How to Open an Investing Account – https://youtu.be/uoOBRUY8IXQ
-What to Do During a Market CRASH – https://youtu.be/u9dCWStunE4

Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)

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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decisions!
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#Crypto #Cryptocurrency #Bitcoin #Ethereum #Dogecoin #NFT #Speculating #GetRichQuick #CryptoRisks

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