Cristiana Tudor – Only Invest What You Can Lose in Bitcoin

<p><a href="https://www.linkedin.com/in/cristianatudormamba/" rel="noopener noreferrer" target="_blank"><strong>Cristiana Tudor</strong></a> is a successful social media coach whose goal is to empower women of any income level to start and scale their business to the next level through effective branding, storytelling, and social media coaching.</p><p>She incorporates mindset coaching within her programs and helps her clients break out of old patterns, transition into a healthier emotional state, and shift into positive thinking.</p><p>&nbsp;</p><p class="ql-align-center"><strong>“Do not invest money that you are not ready to lose.”</strong></p><p class="ql-align-center">Cristiana Tudor</p><p>&nbsp;</p><h2><strong>Worst investment ever</strong></h2><p>Christiana is an avid learner. She got an MBA and even took financial classes. However, she never got an education in investing, even though she was really interested in starting to invest.</p><h3><strong>Avoiding the shortfall risk by investing in Bitcoin</strong></h3><p>Christiana was aware of the shortfall risk of putting money into a bank account and gaining nothing in return. So she took her savings and invested it all into Bitcoin.</p><p>While Bitcoin is not a bad investment, Christiana’s biggest mistake was investing in something that she did not understand. She had not done any research before putting all her savings into this one investment.</p><h3><strong>Getting caught up in taxation</strong></h3><p>Christiana did not know that Bitcoin was just like real estate, whereby you get taxed for every gain and also for every time you withdraw your profits. She also did not know that there were other better investments that allowed you to defer your tax. Christiana, therefore, lost some of her gains to taxes.</p><h3><strong>Then came COVID-19</strong></h3><p>When COVID-19 hit the world, the<a href="https://myworstinvestmentever.com/ep143-max-weissberg-to-avoid-losing-it-all-on-bitcoin-sleep-on-it/" rel="noopener noreferrer" target="_blank"> price of Bitcoin</a> co