When you go to school , University or whatever it is, this is what they say because they are going by the book but in reality you need to go off script sometimes!
But let's face it, the reason most of us aren't crypto millionaires today.. is because we want the knowledge for us to be convinced to invest,but fortunately the early hodlers were probably told of the potential that lived within bitcoin and the put down a couple of dollars on them without thinking twice and didn't need the knowledge...and that leap of faith today made them millionaires. I suppose the 10,000 bitcoin pizza could relate to this of not having the knowledge, but all in all sometimes it's all about the gut feeling and taking the risk.
One of the biggest mistakes you can make as an investor is to start trading based on your instincts. I can't deny that you can get some positive results this way but it could just be a result of luck. You need an appropriate plan to manage your risk and achieve consistent results. People took risks by investing in things they did not know in the early formation of crypto markets and those who hodl took a big risk and got rich. I don't believe it was done in a planned way and it was purely a risk luck factor. Today, we must act by making a plan after the stones are in place, not by taking risks. Because the number of scammers in the market is unexpectedly high. We have to be knowledgeable and plan ahead.
Your trading plan should be a system that you create with your experience in the market to get the results you are aiming for. Before creating the plan, you must be informed. Open sources on crypto markets are plentiful and a newcomer has an advantage in knowledge. The most important thing before investing is to invest with the money you risk losing. I know it's a classic statement but it's always a situation that will protect you against risks and give you an advantage for your new investments. It is better to be knowledgeable than to take risks.
Trading on instinct is like trying to sprint before learning to walk, especially in unpredictable markets like bitcoin. While its true that some of crypto's earliest users may have lucked out more than they planned, the playing field has subsequently shifted significantly.
You make an excellent argument about the rise of false information and bad actors. The safest bet against these dangers is a well-thought-out strategy that is informed by facts rather than gut feelings. Like a GPS for your assets, it helps you avoid traps and get the most out of your money.
Equally significant is your insistence that data is easy to obtain. There is no shortage of open resources, and they are essentially gold mines for rookies. But how can we tell the fake from the genuine? This is when careful investigation comes in.
