RE: Why You Should Be Careful Who You Listen To.
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This post was so on point & I loved how you broke everything down, too. :) It is amazing how these types are popping up on Twitterland as well as the blockchain, especially lately....
Now that Bitcoin is doing so well (over 19K as I type!), the so called "experts" are dropping links & advice everywhere & I even noticed spam "airdrop" tweets are in abundance. This is where people HAVE to be careful as well....
I am excited for Bitcoin to blast through 20K but I will never take advice at face value. I am not an expert by any means, but occasionally I will share my knowledge & always encourage people to do their own research. Critical thinking is important...
Also, in my experience, sometimes something that will work for me (like a strategy or investment) won't necessarily work for someone else...we all have different budgets, wealth (or lack thereof), & expertise. So it's important for people to do that research to see what they can reasonably do as well as educate themselves continually as cryptocurrency "rules" changes all the time...
I really enjoyed reading this. Anyone investing or trading for the first time should see this, because it's easy to get duped into things in the beginning....thanks for sharing your knowledge! :) Have an awesome day!🧡
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Thank you for this very descriptive comment, Jenn. I appreciate it so much!
It is exactly as you say, these so-called "experts" are popping up everywhere and their links are all over the show!
I cannot agree with you more! This is so true! When the time is right it is good to share your knowledge (sometimes even needed and necessary), but people have to do their own research. I almost want to call it the "sad part" is that when people "see money" it's sometimes as if they lose the ability to think rationally...maybe out of the fear of missing out...
Bitcoin is not something to just jump on the bandwagon when the price goes up. It will punish you! You need to develop an interest. It must be something you study and follow on an ongoing basis. As you say they need to "educate themselves continually as cryptocurrency "rules" changes all the time..."
Also, it is one thing to buy and hold for the long term. But even then, you need to know that there will be pull-backs, and don't do silly things when that happens.
As far as trading is concerned, I think you need to be very cautious now before you open a buy position. Nothing just goes up in a straight line...
Also true and very wise words.
Thank you for your kind words and you must have an awesome day too!
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