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RE: Nobody Knows Where The Price Goes...

in Proof of Brain2 months ago

I think the people that fall into situations like this (following the predictions of others and losing their investment) are the ones looking to make a fast buck without doing any work (research). They see someone that has made some money and want to hang onto their shirt-tails and follow behind their success. Personally, I think it is their own fault and they deserve what they get. I know that sounds harsh, but we are told to DYOR for a reason. If you choose not to follow that advice, you are only hurting yourself. Don't follow "popular" opinion. Do your research. Make informed decisions. You'll be much better off.
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Most of the time when people get into crypto because of what they saw on youtube or other medias, it's greed that pushes them and they often want to earn big in no time. I have a friend who wanted to have nothing to do with crypto for ages and suddenly he told me that he invested in safemoon because he saw a video on youtube... If he looses his money, then who can he blame? Only himself I believe. People wouldn't hand their money to unserious people. Why do they do it with crypto?

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I think there is still the perception that crypto is like Monopoly money and they just play around with it without taking into account there is actually value to what they are working with. It's kind of like using chips in a casino. They are just 'tokens' and you cannot spend them until you cash them out. So, they just keep gambling with their crypto trying to hit it big until it's gone. They want their crypto to be their winning lottery ticket. Until people look at it with an investor's mindset (instead of that of a gambler) and do the research, they will continue to get taken.
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