Some hard facts you must read, inhale & think about now and remember forever if investing even a cent into coins:
Forget "again user x made 234,567 Mio in 2,3 hrs" - You most probably won't reproduce it if you're not really, really, really...... lucky. Gambling, betting and lottery have bigger winning rates.
Don't put your money blindly (without research) on the desk - Why would you earn fiat with hard work, and finally go to a shop to buy ANYTHING the vendor chooses? Will he give you the bestsellers or some old crap, most probably?
Don't follow signals blindly - Do you know the person behind the user name? Do you know and understand where his reputation comes from? What, if he is a rich 12year old with some luck throughout the last few months, but finally blows up his account, pulling you into the total loss? Does he care about 5.000 USD? Do you?
Why do you think there are influencers? Do you recognize if somebody shouts out a product/coin to loud? - This people are there to produce opinions, fear, greed, pull you into deals you don't really require, whatever... They are there to produce money for people instrumenting the market from the top. This people are there with a lot of money and INFLUENCE the market with their tools (the influencers) in order to make more money and you are not one of them. That's it. Usually, there are no reasonable facts behind the rumours they produce artificially. The point is: You never know when they trash the product and leave you alone with a lot of loss because you weren't in their circle. So forget posts like "MUST BUY COIN XXX! 5000000% profit!!!"
Where do you think all the crypto wealth is coming from? And what about all the billionaires? For sure, all of them began with exchanging fiat or other goods for crypto and then the most important thing begins: They gambled/influenced/traded better than everybody else, better than you. But in any way - The money came from the outside of the system (users bringing fiat into the market) and is not mined or whatsoever, AND WAS PREVIOUSLY OWNED BY SOMEONE ELSE. DON'T BE "SOMEONE ELSE" by trading chaotic, without knowledge, and for sure not with HOPE ONLY. You didn't make it to wealth all of your life with previous actions - Why do you think it will happen here without previously described factors??? HOPE traders feed everybody else (not only whales) with their money!
Be careful with extremes. Extreme aggressivity, extreme greed, extreme passive behaviour, extreme risk, and so on, don't pay out in long term. Do research and analysis, learn to deal with loss and profit at first opportunity, and don't gamble. Again: What do you think about this thesis? - Max one percent of the "i made 500 million in 23 days" stories are true but posted soooooo many times. Meanwhile MANY people loose all their assets daily and don't post it, as it poses a shame situation for them. Return to point 5. now and you see where this "dumb money" lands.
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Cheers and now let's enjoy our crypto journey
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