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“If you don’t understand anything in the industry, always invest no more than 5%.” 10 quotes from crypto millionaire Konstantin Kudo about the industry, education, trading principles, and mistakes

Famous crypto businessman Konstantin Kudo died today in Kyiv. For many crypto traders, he was a guide to the industry and a role model.

The dev.ua editorial team has collected 10 quotes from Konstantin from his recent interview .

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“If you don’t understand anything in the industry, always invest no more than 5%.” 10 quotes from crypto millionaire Konstantin Kudo about the industry, education, trading principles, and mistakes

Famous crypto businessman Konstantin Kudo died today in Kyiv. For many crypto traders, he was a guide to the industry and a role model.

The dev.ua editorial team has collected 10 quotes from Konstantin from his recent interview .

About investment risks

If you don’t understand anything about the industry, always invest no more than 5%, and if you do, never increase your stake above 10%. The only things you can invest more in are Bitcoin and Ethereum.

About learning from mistakes

The first time I invested $5,000 in Cardano on a margin platform. It was all gone in two hours. It was my first education, and I don’t regret it.

About freedom in trading

The first thing you get is freedom. No one limits you, you can build your own schedule, work when and where you want.

About motivation and approach to earning money

When a person comes exclusively for money, he will never earn. With a probability of 90% he will lose his capital. Later he understands that besides money there are other advantages. You can build your own schedule, work when and where you want. The first thing you get is freedom.

On the elimination of Russians

A call is made with each course participant, here you can immediately understand the accent. We have a care department that asks questions about the position. If the payment is in cryptocurrency, we need certain data: mail, Telegram, phone number. You can also understand from them that this is a Russian.

About trading principles

Three basic principles in trading: risk, enthusiasm, psychology. An unsuccessful trader who is always «on the move» will drag out the situation on enthusiasm. A successful trader will get tired of it sooner or later.

About teaching children

It’s not interesting to take ordinary children, because we’re not ready to take money for it, and they won’t appreciate it. But if we take children who will seize opportunities and then realize them, it could be a really cool project.

Teaching children is a completely different thing. We took the 14-17 age range. You can’t start teaching them trading for reasons related to psychology. So we decided that we would teach the child what finances are, how to manage them, and what systems exist for this.

30% of children drop out after completing half of the course. We asked children to tell us about their main dreams that they would like to achieve this year. We will see if our education will help them achieve these goals.

We bought everything for those children who reached the end. Except for one girl, she wanted a car. I know that three people have remained in the niche to this day. One girl started a prop company for her parents and at the age of 16 earns $1000-1500. There is a case in which a child at the age of 16 earned money on an Audi A6.

On the development of crypto education and projects

If a person completes more tasks, develops awareness, and increases the company’s profitability, they receive a percentage of this. Traders can receive more than the co-founder of the project.

On the regulation of the crypto industry in Ukraine

They are fighting for 5-7%, and they will most likely accept it. If you look at how some European companies work and how they tie the crypto industry to development, they pay from 2,5% to 5%. I think they will pay in Ukraine as well. «White» is good. When there are rules of the game, high-risk investors can come in.

Advice for a beginner

You should probably forget about profit for the first six months. Learn, understand the market, experiment, and only then think about making money.

The body of a top crypto trader, co-founder and CEO of the Cryptology Key trading academy, Konstantin Kudi, was found in Kyiv.
The body of top crypto trader, co-founder and CEO of the Cryptology Key trading academy, Konstantin Kudi, was found in Kyiv.
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