Nobody Knows Where The Price Goes...

in Proof of Brain2 months ago (edited)

▶️ Watch on 3Speak


Working on our new @OurPick sub-project has some awesome benefits... As with every other manual curation program, you have to go "outside" and search for quality content, from some new people with whom you didn't engage before... In that process, you find some gems and some awesome posts which can inspire you to do your own blog with your point of view about a certain topic... Something similar happened to me while I was reading this post, where @acesontop was writing about the truth that not everything is written in the charts...

I left the comment on that post, but I found it very important to share with our audience here on Liotes as the message is important... No crystal ball can tell you what will be the price of Bitcoin (or Hive, or LBC) tomorrow... Nobody has that, not you have it, so you should blindly listen to others and do what they tell you to do... Yes, they sound so confident when they are "predicting" the price, but that's their job... They have to sound like that to earn money...

In this video, I was talking about 3 types of people who are involved in crypto, and I have tried to show you the differences between them, and maybe you can realize the real motives that certain people have when they are "shilling" their favorite coin, or just "predicting" where will the price go...

Check out the video...


Liotes Divider Blue.png

Liotes

A project run by @ph1102 and @achim03

Resources


▶️ 3Speak

Sort:  

When some speaks about objective truth pertaining to a crypto, is it shilling if the technology is what us being promoted?

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

That's an interesting question that will need additional research on the word "shilling", so I found this:

A shill, or shilling, refers to the person or the act of enthusiastically promoting a cryptocurrency or a crypto project, for their own personal gains.

I think that the last couple of words says the most... It's usually about the "personal gains"...

I would say that blockchain, like technology, is something different than just 1 coin... If you research more, you will find usage of blockchains in many other industries that have nothing to do with crypto...

Cheers!

!ENGAGE 10
!PIZZA

The privacy utlility of Zcash, Monero, DASH and other privacy coins like PIVX, KMD, XTZ, ZEN etc... Seems to be misrepresented as shilling, when I speak highly of privacy coins people seem to assume its for personal gain, but when there is privacy utility not offered on other chains, is it really shilling to say their money would be more private in one of the privacy coin wallets?

!PIZZA


Posted via proofofbrain.io

Connect

Trade


@ph1102! I sent you a slice of $PIZZA on behalf of @phusionphil.

Learn more about $PIZZA Token at hive.pizza (1/10)

Connect

Trade


@phusionphil! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (4/10)

I grin when they say things like "if Bitcoin goes below 32k, it could fall even steeper."

hahahaha... yeah... It's like...
"The rain will fall until it stops..."

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@leprechaun! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (1/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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.
!LUV 1


Posted via proofofbrain.io

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?

!ENGAGE 20

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.
!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

OK, you said that maybe there are several groups of people who are involved in crypto, but OK, those three groups are really typical. So, the most important message is to do DYOR (do your own research). Yes, I agree. But here's the problem: You have a group of people who decide to do something, say based on a presentation/plan/whatever, and they invest in it. Why do they do it? Did they do DYOR? Maybe they know the team? It's always a personal decision. Sometimes good, sometimes bad.
Well, we can now map this situation onto Liotes, this small, still uninhabited planet. How should people do DYOR? On the basis of white paper? On the basis of the 3speak videos, you produce daily? On @ourpick posts? On the team's references? Tough questions :)
I can only speak about myself. I wouldn't worry too much about crypto being volatile. That's just the way it is and we need to find new opportunities in this space.
btw: I have never watched any YT or Twitter influencer ... I don't care for them :)
!BEER
!PIZZA

You have raised some really valid questions... From the objective point of view, small projects (as Liotes) are risky investments as there is no "footprint" about it, no history... I bet it was the same with Bitcoin 12 years ago, or with any other program...

And in those moments, things like "knowing the team", their reputation, preferences are the only available tools at the moment with which you can DYOR... You are working on what you have atm... But, I suppose that that's how it works... Those who dare to invest early, usually get more gains... Look at some of those guys who were there when BTC was starting... or even ETH... I was there when ETH was under $10, but I didn't understand the concept, didn't investigate more into it, and I missed the train... It happened then, it will happen again... There are too many good crypto projects, and I will probably miss a lot of them... But, hitting 2-3 good one will be enough... hehehe

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@seckorama! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (8/10)

Connect

Trade


@liotes! I sent you a slice of $PIZZA on behalf of @seckorama.

Learn more about $PIZZA Token at hive.pizza (1/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

2 extra credits added for engaging with our posts

Anyone who blindly follows youtube or twitter recommendations is an idiot. They need to understand that the markets are unpredictable and honestly most of the time, they tend to tell you to enter when it has already done a part of the move. You are essentially pumping their bags while they dump their shares on top of you sometimes.

Posted Using LeoFinance Beta

they tend to tell you to enter when it has already done a part of the move. You are essentially pumping their bags while they dump their shares on top of you sometimes.

Yeah... that is very often the case... Sometimes maybe it's not even intentionally, but it is like that... The train is left the building, and people are chasing it and losing money...

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@jfang003! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (7/10)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

That's a good point about influencers who have regular streams of income that don't depend on the twists of the markets, so if they make a prediction about price, that's not something that will will have a great impact on their revenues, either way, if they are right or wrong. But someone who listens to them blindly can go broke for trusting such an advice.

The idea is to listen/read enough to have some information, then make up your own mind, based on your own filters and experience. Also, don't listen without the basic notions (learn first!), or you will not understand much and are easier to influence by a bad advice.

Posted Using LeoFinance Beta

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

But someone who listens to them blindly can go broke for trusting such an advice.

And not to mention that very often, the information (advice) comes too late, so listeners/followers are at the loss at the very beginning...

The idea is to listen/read enough to have some information, then make up your own mind, based on your own filters and experience.

This is the research part of the story that many people skip...

!ENGAGE 10
!PIZZA


Posted via proofofbrain.io

Connect

Trade


@gadrian! I sent you a slice of $PIZZA on behalf of @ph1102.

Learn more about $PIZZA Token at hive.pizza (5/10)

2 extra credits added for engaging with our posts

Thanks!

Posted Using LeoFinance Beta


Hey @liotes, here is a little bit of BEER from @seckorama for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

@liotes, you were given LUV from @moonthumb. Info: https://peakd.com/@luvshares or check wallet: https://hive-engine.com