Do Crypto with Confidence
Episode description
It's a new age out there, and the way people invest is changing as well. With the explosion in the popularity of cryptocurrencies over the past few years, many people are wondering how to get started and which currency they should invest in. While cryptocurrencies are revolutionizing the way we transact, we can’t help but wonder if this is just a fad or an evolution of something much bigger.
Obsessed about all things crypto, Shahar quit his job to devote his time to crypto investing. Despite losing all his money and seeing all his gains disappear, his belief that digital assets are the next big thing that will move society forward gave him a greater purpose in the cryptocurrency space.
His advice:
- Don't be afraid of risk. The only failure is the one you don't learn from.
In today’s edition of the Knucklehead Podcast, our guest, Shahar Abrams, will talk about how his screw-ups in crypto investing have led him to become an expert in the crypto industry today. He will also discuss the biggest trap that most beginner investors fall into and will give great advice to anyone interested in investing in digital assets.
Shahar Abramsis an investor, an educator, and the CEO at Road to Babylon. He is passionate about helping his clients form, plan, and execute effective crypto investment strategies hand-tailored to their personal and financial goals. As an experienced crypto investor and a professional in the blockchain industry (at IBM), Shahar provides on-demand insight and assistance to clients of all backgrounds as they navigate this new and exciting space.
Road to Babylonteaches people of all ages and backgrounds how they can use crypto to start making their finances work for them, the way they want to.
Enjoy!
In This Episode
2:40 - Backstory of Shahar Abrams
9:39 - What made him switch from working for large institutions into crypto investing and how he screwed up
12:37 - How he feels every time he logs into his cryptocurrency portfolio
13:44 - How he copes with losing his investment
20:10 - His advice to anyone interested in investing in digital assets
25:40 - How to get in touch with Shahar Abrams
Favorite Quotes
"Then I was greedy that even though I was up three, four X in a matter of months, I had no experience of evaluating markets and investments and that kind of thing. And so I lost all of that money and even more over the next two years of the bear market." - Shahar Abrams
"The first feeling is euphoria and the second feeling is pain. When you see it all sort of going away, you have this feeling that this is just another dip even if you watch all of your gains disappear. That pain, over two years, is what drove me to try and get better to not have that happen again." - Shahar Abrams
"There's no substitute for your own personal experience." - Shahar Abrams
"You cannot substitute someone else's conviction for your own when it comes to investing." - Shahar Abrams
"It's great to get ideas from other people, but you cannot substitute doing the work yourself and learning about it if you are going to invest in it." - Shahar Abrams
Engage with Shahar Abrams
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