THIS IS IMPORTANT! Read to the end, especially if you are a beginner. So, let's go! You probably often encounter posts where crypto traders write, "buy this coin and you will get 100x" seriously!? Here are a few facts why you should not listen to traders:
1. They may have their own interests
Even if a trader or blogger seems smart and "technically savvy", their advice may benefit them, not you. For example:
🟡He has already bought the coin and wants to "pump" it to sell at a higher price.
🟡He is paid for advertising a specific cryptocurrency.
This is called "shilling" – when a coin is praised not due to analysis, but for profit.
2. No analysis guarantees results
Yes, traders can do analysis: technical (charts, indicators), fundamental (news, projects). But even the best analysis is just a forecast, not a precise prediction. The crypto market is extremely volatile, and everything can change in a minute due to:
🔵Elon Musk's tweet
🔵SEC lawsuits
🔵Hacker attacks
🔵Panic among traders
3. They will not be responsible for your losses
‼️Even if the advice was sincere, the responsibility for your money is only yours. They will not return your funds if the coin falls by 10 times.
4. It's important for you to have your own strategy
🟡It's better to learn:
🟡Analyze risks yourself (even at a basic level)
🟡Know when to enter and when to exit
🟡Understand how much you are willing to lose
So you will control the situation, not follow the crowd.
My conclusion: Do not blindly listen to other traders or crypto enthusiasts, even if they sound reasonable. Their analysis is just a piece of a big game where everyone plays for themselves.
It's better:
🟣Gather different opinions (but do not follow one blindly)
🟣Develop your own analysis
🟣Trust facts, not emotions or loud words
I am not a great analyst, crypto expert, or blogger; I just understand things that, unfortunately, most do not know! In my posts, I try to explain as clearly as possible what crypto is. If you want to know more about crypto and how to earn, subscribe and like 😉
