One day, Karim decided to enter the world of cryptocurrencies. He saw a tweet with a green candle a meter long, and a comment:
"🚀 The currency is going to the moon, buy before it's too late!"
Karim said to himself:
"The opportunity came to me while I was sleeping... I must buy before the rocket takes off!"
He opened the app, bought with enthusiasm, and told his friend:
"Hani, I’m in! My friend, I’m now an investor!"
Five minutes passed...
The green candle turned red.
An hour passed...
The currency started digging at the bottom.
People tweeted:
"Natural correction"
and **"Accumulation opportunity"**
Karim didn’t understand anything ...
He said:
"Surely there's a technical glitch... or maybe Elon Musk didn't have breakfast today!"
After a week, he sold at a loss and wrote in his account:
"Beware of cryptocurrencies, fraud and scams!"
Lessons learned:
Don't buy a currency just because you like its appearance.
Don't enter a deal just because someone tweeted.
Be smart… not reactive!
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