In this episode, Lloyd James Ross delves into the turmoil of the cryptocurrency markets, highlighting the unprecedented liquidations that have left many investors devastated. With $19 billion wiped out in moments, he discusses the psychological and financial repercussions of such rapid losses, including the tragic consequences faced by those with high leverage accounts. Lloyd underscores the importance of understanding market volatility and the potential risks of investing in crypto as he offers insights into transforming financial stress into success. He emphasizes the need for a strong mindset and effective strategies to navigate the investing landscape and achieve financial freedom. Tune in to learn how to make your money work for you amidst market chaos.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

https://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=au

https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:01:03] Largest liquidation in crypto markets.

[00:03:29] Margin lending and leverage risks.

[00:07:33] China and rare earths market.

[00:10:03] Bitcoin as a risk-on asset.

[00:13:40] Crypto as a gambling casino.