Investment is a choice.
But remember, this is cryptocurrency investment built on blockchain technology, not investment in commodity assets like gold.
In crypto investment, you must look at three important sources:
1. The technology being used.
2. The functions in the smart contract.
3. Technical analysis of the candlestick chart.
Technical analysis can still be ignored to some extent, but never ignore the technology and the smart contract functions.
Once again, I say never ignore them.
Because if you do, you’ll be in big trouble.
No matter how good you are at identifying support and resistance levels, if control is still in the hands of the developer, you will soon be impoverished.
Smart contract programmers can easily create internal functions without the public knowing.
These functions are designed to appear as if they don’t exist, but programmers can easily hide them.
This is because the average person doesn’t understand programming languages or the definitions and purposes of each function.
You are investing in crypto, so you must care about all this.
If you invest in gold, it clearly can’t be manipulated.
Essentially, crypto investments can be manipulated through internal functions embedded in the token’s smart contract.
If you enter and exit at the right time, you can be safe.
But again, if you see a long green candle, your psychology won’t easily resist it even a 7 day long green candle can be turned into a long red candle in just 1 day with a single click if a dangerous function exists in the token’s smart contract.
For the $BOB token, I have not found any dangerous functions. If you don’t believe me, you can check it yourself and prove what I’m saying.
Be smart in crypto investing.
Because crypto is not just about trust, it’s about knowledge.
If you want to be rich, it’s not enough to simply hold crypto for the long term based on trust alone, you must also think logically and rationally.