The Crypto Gamble - how to win almost every time!

The Wealth Initiative

This episode dives into one of the most talked-about—and misunderstood—topics in finance: cryptocurrency. The big takeaway? Crypto can be a smart investment, but only if you approach it with the right strategy and mindset.

Joining us is financial strategist Terry LeNoir, who breaks down the highs and lows of the crypto world in a way that’s easy to understand. We talk about why it’s considered high-risk, high-reward, and why it’s so important to know your own risk tolerance, time horizon, and investment goals before jumping in.

Terry lays out five powerful strategies to help investors make smarter moves—from getting educated on how the market really works, to using approaches like dollar-cost averaging, to building a diversified portfolio that protects you from putting all your eggs in one basket. We also explore how to generate passive income through staking and yield farming, plus practical tips for safeguarding your assets against volatility and security risks.

What makes this conversation different is that it’s not about chasing hype or speculation. It’s about discipline, informed decision-making, and building wealth step by step. Terry reminds us that crypto isn’t just about quick wins—it’s about long-term success if you play it smart.

Whether you’re brand new to the crypto space or already dabbling in it, this episode gives you a clear roadmap and the confidence to approach digital assets the right way.

Takeaways:

• Cryptocurrency represents a high-risk, high-reward investment that necessitates careful consideration of multiple factors.
• A well-diversified portfolio is essential, with cryptocurrency constituting only a portion of one's overall investment strategy.
• Understanding the market dynamics and different types of cryptocurrencies is crucial before making any investments.
• Long-term strategies such as dollar-cost averaging can mitigate the risks associated with market volatility in cryptocurrency investments.
• Utilizing cold wallets for long-term storage of cryptocurrency can significantly enhance the security of one's assets against potential hacking incidents.
• Staying informed about market news and regulatory changes is vital, as cryptocurrency markets can react swiftly to global events.

Companies mentioned in this episode:

• Bitcoin
• Ethereum
• Shiba Inu
• Dodgecoin