Crypto Blog

Why should you NOT buy Bitcoin

I feel the storm, a breeze whips my face, the wrath of the community is entering this post. I am scared, I am trying to run, but the angry mob of Bitcoiners chases me, hunting me down, help me…

As many of my followers know by now, I am a Bitcoin fanatic. This post has no intention of degrading Bitcoin or any other cryptocurrencies. Because I know Bitcoin, believing that it is not for everyone is a crucial part of my understanding of it. That Bitcoin overtakes the world and will be the only monetary system that exists is utopic and is not very likely to happen. The mixture of institutionalised monetary systems and hard-to-produce currency is what our world needs in my opinion.

Many of you might be thinking “So, what is the point of the title?”, and you are right, this article is not dedicated to why Bitcoin is great.

Let us dig into some reasons why you should not buy Bitcoin.

Uneducated decisions – Inform yourself. If people do not know about Bitcoin and you decide to invest into it, you are likely to underestimate the risk it brings with it. Too often people jump onto the FOMO train thinking “ah, I know the volatility and the risk”, these are the ones that are most likely to be crying the loudest as soon as they get spit out with less money. Understanding Bitcoin means that you must educate yourself.

If you are a hater – Every Bitcoiner can agree on the fact that Bitcoin haters get punished by not investing in it. The more days go by the more silent the Bitcoin hating community grows, the higher the Bull-run goes to more people understand that being against Bitcoin might not be a good path. However, even when everyone owes Bitcoin and the world is living happily some haters would rather prefer to not have any, which is fine, more for us.

If you cannot afford it – This is an obvious one, people that do not have the money, should rather stay away from Bitcoin since it is a high-risk investment.  Bitcoiners seem to have the most problems with that since many take up mortgages or even sell houses to invest. This is not a very smart thing to do in my opinion. Losing money hurts, reduce the damage by reducing your order size.

If you have a hurry – Never ever rush into a trade. These were the worst trades I took. Always, take your time, best to have a routine on when you are investing or trading, everything else will make you regret your decisions very hard.

No time – There are two things you need to trade or invest successfully into cryptos. Money and time, both a luxury to have. If you cannot afford both, best not to stress about having cryptos too. This is just a recommendation.

Honestly, this was one of the hardest articles to write so far. I can think of a thousand reasons on why you should have Bitcoin and many of them make much sense, but my head can not think of many reasons why to not have Bitcoin. Add up if you can think of more!

Wrapping things up, I understand that some people can not have Bitcoin because of financial reasons or simply because they do not have the time or the nerves to wrap their heads around it. This is very fine for me since it is your choice to not have Bitcoin at the end of the day. I can tolerate people not willing to buy Bitcoin because out of scepticism or fear and I accept negative haters too, because they are public relations, there is no such things like negative PR. Thank you haters.

If you want to educate yourself more about cryptocurrencies and trading or investing, check out my website and my YouTube. I even have a Podcast on Spotify in which a do a daily commentary of my understanding of the markets, be sure to check it out and leave a follow.

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How to scan the market 14.01.2021

Bitcoin and most of the Alt’s have confrimed a uptrend after the pullback beginning of this week. This is fantastic news and really makes me feel bullish! Hope your guys are trading.


How to scan the market 13.01.2020

The markets are consolidating, the Alt’s and Bitcoin are not much way from setting a new higher high, maybe giving us first signs of a long trend that is still there.

Crypto Blog

I bought my first Bitcoin with 22, here is what I learned

My new workplace in my office was in a different room with entirely new faces sitting next to me, due to corona I got seated away. A co-worker and I got into a casual talk; we did not know each other at all. Nothing was going on at work, so we had a lot of time to chat. We got to know each other throughout the day, and as it got darker outside, he started talking about his investments in cryptocurrencies. I exchanged stocks before, so I wanted to know more, and I was interested in discussing it. He spoke, and I listened. He was very confusing, and I honestly did not understand what he tried to tell me. But there was something about Bitcoin, something that really caught my interest. 

The next thing I know is that I went home, opened my laptop, and went straight for YouTube and other sources of information. What I learned was more than just life-changing. It was a real eye-opener. The quantity of knowledge about economics I acquired has really impacted me and my political thinking. The vast amount of business ideas it sparked in me is incredible. I discovered an entirely new side of myself.  

Fast forward a year, here we are, Bitcoin bull running, and I am trying to realize new visions and dreams of mine. Let me help you on your journey. Let me share some of the tips I learned during this journey. 

Listen to yourself whatever market you are investing in

There are tons of analysts out there, and every single one of them knows it better somehow. Understanding that every approach to the markets is highly subjective is paramount and should be kept in mind accordingly. Trade only when you feel yourself. Doing what others tell you to do or what others believe is best for you rarely works out the way you want. This is very simple to explain: These people cannot think like you. 

When I started trading cryptocurrencies, I fell for the analyst trap. I wanted to know every little detail about the market and what I forgot was my own subjectiveness. The noise completely blinded me because I need my own approach and not someone else’s. 

However, there might come a time where finding a mentor or doing a course would not be a bad idea. But be sure to find the one that suits you and your approach the best. 

Be consistent 

Dig yourself into it. As soon as you feel comfortable with your approach to investing or trading, repeat it as often as possible, especially in the beginning. This is important since it can tell you how to improve in the long term. Investing is about staying in the market as long as possible. Therefore, you need consistency to be there in the long-term. Being lazy or blinded by the ideology that stocks and cryptos make you rich quickly is quite foolish. Turn up every day and get rewarded in the long term. This is how it works. 

Stick to what you know 

Short term noise can be a distraction, and many suffer from impulse decision making because of it. Buying and selling your assets because of speculative news or noise is rarely a good idea in the first minute. 

Red circle on the green line indicate Entry and Exit of trade, I HODL by believing this would take of, however, it was only a pump and dump.

I stuck to my guns. Even though XRP (cryptocurrency) dropped, I kept on holding it. It came back above my entry, and thanks to that, I sold it with a profit. I did not enter the trend and dumped it while everyone else was. I kept on doing what I planned, and it got out of it. Plan your trade and trade your plan is the best advice I can give here. 

Do not over-invest in one project

Going all-in has nothing to do with trading or investing, especially when you are starting out. You are probably better of going to the casino with that cash. Diversification really can help you cover up mistakes in your trading history that you otherwise would have regretted. Being exposed to a certain amount of assets will increase your likeliness of finding one that moves better than the majority. Or if one goes south, you still have the gains of the other investments to make it look better. 

Never invest more than you can afford to lose. A critical point, especially for the ones planning to turn up in the long-term. Over-leveraging yourself is never a good idea since you increase your risk dramatically. Instead, reduce your order value and split it into 3 or 5 separate entries to level out the natural market volatility and misjudgment.

Do not give up 

Learning from your mistakes and not doing them again is crucial. Everything has a price, especially when you want a long-term return. The money you lose in the market is the price you must pay for the experience. By looking at it in this way, losing money will become more comfortable for you. Be critical with yourself, do not fall into the habit of making the same mistake repeatedly. Use a system that allows you to control yourself and even judge yourself. 

I screenshot every trade that I make. Coming back a week later and reflecting on the trade really makes it worth it. What I learned from that is how to judge myself properly. A positive trade with a negative execution of that trade is not considered a fair trade anymore. Learning to think for yourself, no matter what the outcome has been before, is the clue. 

Just because professionals do it, it does not mean you have to do it too

Do not try to be the Big Short. Listening to professionals will not help you develop your own understanding of the market. They will blind you. Stick to your rules and your perception. You are far more likely to do the right thing by sticking to your own guns. Wallstreet produces much noise. Best not to care about the noise at all. 

Starting out with trading or investing is never easy. The more you do your homework about it, the better you will eventually get. Remember, it is all about staying in the market for as long as possible. The more you feel good about your approach, the better you will get in the long run. Right investors know what they add to their portfolio and have a strategy in place on how to deal with this investment. Do the same but add your subjectiveness to create a mix that suits you and your perception of things. This will surely propel you to becoming a more successful investor. 

If you want to follow my journey or if you even want to join it, leave a like, and subscribe on my various channels, so you never miss any article again! Thanks for reading. 

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Crypto Blog

How to scan the market 12.01.2021

Bitcoin and the Alt-market had pulled back yesterday. Today is the day of trend-reversals, how fast will we see new highs in this market?


3 reasons why new traders or investors fail

Here are some “Do not do” while starting out trading or investing.

Trading and investing is not easy; it takes time and can be nerve-wracking. Keeping a calm mind and doing what you are supposed to do are crucial to success while exchanging. However, human psychology often does not work like that. We tend to act out of impulse reactions and emotional bursts that disrupt our understanding of reality. Bending reality and telling yourself that you are doing the right thing has nothing to do with investing and especially trading. So, how can you combat that? How can you stop being emotional? How can you improve your decision making? Trading or investing with an approach will help you become better at what you do. Plan your trade and trade your plan. Find the edge and learn from your mistakes. Investing and trading are about reducing the probabilities of your exchange going negative. Learn how to minimize those risks, and you will improve.

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Now let us explore why so many newcomers stop trading after a few months after losing most of their money and having bad experiences. Here are 3 reasons:

  1. Underestimating their risk — Risk is the factor of success but also a failure. Often you hear the saying “higher risk, higher reward,” but that is misleading for newcomers. Many believe that trading or investing is a quick money scheme that gets them rich quickly. But it is the exact opposite. The longer you try to stay in the market, the higher your probability is to succeed in what you are doing. Jumping on penny stocks or cryptocurrencies that promise fast return rarely works out. Most people believe they become rich by spending their life savings on something that has not even a proof of concept yet is just idiotic, I think. Many trading critics argue that trading is compared to gambling, and it sure is if you only bet on something that has no real value and is not delivering yet. Do not just become an investor or a trader for the belief of retiring tomorrow because the market will spit you out with empty pockets. Be wise and use an approach to reduce your risk by setting up stop-loss and having a strategy, for example.
  2. Over leveraging — People get caught up by things like margin trading to get more money out of their trade. While having the idea of doubling your money at every 10% increase, it is also a swift way to the get-wrecked city. I see it all the time. Margin trading is very lucrative if you can do it. However, newcomers should not use it. This is a mix of my own experience and of what people have been telling me. You will lose more money while investing with margin than making any. Also, a common assumption is that many believe they need to buy into something with a tremendous amount of money at the same time. Do not be like that. Buy at 3 different points in time to average out the volatility and profit from low-value entries. Just throwing your money on the table as if you would go all-in in poker has nothing to do with investing. Stop believing the “get rich scheme” will get you there. Over-leveraging shows that people do not understand to handle their risk.
  3. Analysis paralysis — Getting every piece of information on a project won’t help you be a better trader or investor. You must understand that the more you know about a company, the more subjective your action becomes regarding projects you want to buy. It makes sense to get the fundamentals on a project. It makes a lot of sense to keep sticking to an analysis process and go through them with a consistent approach. Do not become too emotional about something, and if something seems to be too good to be true, don’t enter. It normally is. Being fascinated is good, but it should come naturally, do not let yourself be talked into something that you wouldn’t use or like. If so, you could not stand behind it as much as you should. Check on the team behind the project. Are these people worth having diner with? How do they handle the company? Checking information’s like these are essential and subjective enough to get your blood flowing for an investment opportunity. Every bit of information that is unnecessary usually is not necessary, do not get caught up by those small details.

There are many more reasons why newcomers might struggle in the beginning. I have been through many of these reasons, and I have learned from these experiences that becoming a better investor or trader is about how well you speak the language of the market you are trying to trade. Learn about your market and approach it the way it suits best for you. You will start to understand risk and control it, and you will not get caught up in analysis paralysis because you don’t have to anymore.

Trading is my passion.

I switched to trading cryptos because of the volatility and the returns it brought me. If you want to learn more about it, check out my website or my Youtube.


How to scan the market 08.01.2020

Bitcoin smashing through 40k but rejecting it. The market holds it’s ground and picks up some good trend patterns on the lower time frames. Will we see some new highs till tomorrow?


How to scan the market 06.01.2021

Bitcoin at a new ATH while the Alt market starts to get fired up! Listen and hear where the best moves are to be expected!


How to scan the market 5.1.2020

Bitcoin and the Alt’s are consolidating, now we have to wait and see what the markets bring as their next move. Some Alt’s indicate bullishness.

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Crypto Blog

How to start trading cryptocurrencies

Check out my latest podcast about how to start trading cryptocurrencies.

This episode will cover what you need to get started.