Barstool Sports founder Dave Portnoy has been interested in Bitcoin and cryptocurrencies for some time. As part of his new hobby, he even got help from the Winklevoss twins - Tyler and Cameron - who are the founders and owners of the Gemini exchange. The video showing how the brothers help Portnoy buy Bitcoin and Chainlink (LINK) has become a hit gathering over a million users in front of smartphone and computer screens. Unfortunately, the finale of this story is unpleasant for the most interested party. David Portnoy lost money through BTC? David Scott Portnoy is an American celebrity, blogger and founder of the sports and pop culture blog Barstool Sports. Now he bought his first BTC and... quickly sold it. He also even announced on Twitter that he was getting out of the Bitcoin and cryptocurrency market: "I currently own zero Bitcoin. I will wait and watch. I lost 25k [USD]" - these words are unlikely to encourage his fans to invest in digital currencies. He added that he has left the cryptocurrency market for good, but it is not certain. It is possible that seeing Bitcoin start to rise again, he will invest in it again. This shows us what mistakes beginner investors make... Sins of a young investor Well, that's right, a lot of people start playing the cryptocurrency (or even stock) exchange with the strange belief that an investment is good when it makes a profit right away. This is understandable, because watching, for example, how we invested 1000 PLN, and after two days we already have 950 PLN, is not a nice feeling. However, any experienced investor will tell you that buying any asset at a perfect low is extremely rare. Simply, when you buy BTC, you have to expect that the cryptocurrency will not bring you profit from the first moments. As you can see, the hero of this text did not seem to understand this. Moreover, it is also worth getting to know the asset you want to invest in - whether it is BTC, ETH, gold or shares of PZU or Tesla. If you understand how the market of a given asset works, it will help you withstand corrections (even the deeper ones). Thus, it will be easier for you to invest in the long term, which is the key to success on the stock exchange! You can always check current cryptocurrency rates in the tabs: bitcoin rate and cryptocurrency rate on the website bitcoin.pl. A safe and secure place to buy Bitcoin and other cryptocurrencies is Coinquista, a Polish cryptocurrency exchange. If you don't have an account on Coinquista yet, this article will show you how to create one quickly and efficiently: LINK. Tags bitcoin btc David Portnoy
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