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Topic: Hard lesson I learnt from crypto in 2 Years - page 2. (Read 265 times)

sr. member
Activity: 1918
Merit: 256
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1, Never  listen to YouTubers they are bums .
Well, not only are youtube actually influencers who exaggerate the project they invest in or they work behind the scenes with that project they are fake influencers who are not worth following, Their content is just a lie to attract newbies. I prefer to follow those who discuss in detail and firmly, if it's good then they say it's good, but if it's bad or bad they will also say that.
legendary
Activity: 2100
Merit: 1321
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Theres nothing wrong listening to them as long as they make sense. The only thing dumb is when they teach you or signal you a coin or token and you ape carelessly. Thats how you loss in the process. Of course aside from their signal its your obligations and responsibility to study it first and research on it before buying it. What if he only shilling his bag, you might become an exit liquidity. But if he able to gather up and add a good content without shilling it then why not right?
hero member
Activity: 1498
Merit: 502
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In Crypto I learned that never invest without your own research and don't Invest blindly in any project. Specially if your are a newbies  learn about crypto currency market and then Invest your money. Don't Invest all money at once or in  one project. Avoid to invest in shitcoins and memes coin.
member
Activity: 756
Merit: 16
We All Can Make It
1, Never  listen to YouTubers they are bums .

2. BTC is the king. The ratio should be like BTC/ETH 80%  rest alts.

3. Make a decision - When big opportunities knock the door make decisions fast.  trust your gut. Examples are Elon musk shill dogecoin first time. Facebook change the name to Meta. You have to make a decision when is happening the same day.
Like when you have the opportunity to go out with a girl you like. Make a decision now. All these  waiting and thinking is killing you.  Think fast.

listen to you
It's not only YouTubers that you should avoid but all crypto influencers on every platform, you have a responsibility to do your own research and also invest wisely.

Personally, I don't think BTC has any rival however it should not stop people from looking for good projects that can maximize returns.

Being decisive is good but I think you're trying to say that one should be well updated and join the trend early because late adopters are usually burnt.

Taking your profit is also vital in Crypto otherwise you'll just be going through the cycles.
legendary
Activity: 2338
Merit: 1124
All YouTubers are in business, they want to make videos with something trending so that they can earn more from advertising. Why do you think someone will give you something that will make you money without any hassle? Basically if someone suggests something to you then it is your responsibility to do detailed research about it. Because most of the targets they set are baseless and unrealistic. So learn from past mistakes. And try to do better in the future.
That’s just it, YouTubers mainly hop on what’s trending and by doing so they are able to gain more views on their videos. Most of those videos are just click baits and when you click on them you will come to realize that there is nothing to learn from all of those.

The main interest of a YouTuber is to make  fame and create viral videos, that way they will be able to make money from advertisements, they don’t really care about giving you the right advice. So, it’s always good to do proper research and not trust just any video that we see online.
hero member
Activity: 1806
Merit: 720
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1, Never  listen to YouTubers they are bums .
Sheldon Evans: Open youtube video terra luna to $1000 and never take responsibility for his mistakes.

Jrnycrypto -  Said that Sand token will be top 10 in 2022, dogecoin will be $1, ada will be $10 in 2021 and many wrong calls.

All YouTubers are in business, they want to make videos with something trending so that they can earn more from advertising. Why do you think someone will give you something that will make you money without any hassle? Basically if someone suggests something to you then it is your responsibility to do detailed research about it. Because most of the targets they set are baseless and unrealistic. So learn from past mistakes. And try to do better in the future.
sr. member
Activity: 2142
Merit: 353
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Nothing wrong in listening to what they say, it becomes an issue when you are influenced by them and make your calls based on them, the more you listen to people the better is but never make them as any indicator of anything, make your decisions yourself, also never blame anybody for your decisions being good or bad.
copper member
Activity: 97
Merit: 2
I can't speak for the other youtubers but the Coin Bureau team is reasonably objective. Of course everyone will have their own biases just like me and you. He literally has a concerns/risks section for every review he does.
hero member
Activity: 2156
Merit: 531
That youtubers are paid to raise any tokens for viewers to see and invest, indeed the price goes up a little but it doesn't last long, nothing is free for them is true. The industry is like facebook and twitter in general, it's just that too many viewers trust them because of the comments that are on their channel, that is they are also a team working in one space. You may not believe it but a YouTuber has a team and they make a lot of accounts on youtube to justify the boss's words, always researching your investment yourself is a wise choice.
hero member
Activity: 1036
Merit: 500
I never listen to what youtube says about crypto because for me youtubers only help increase popularity, they don't enter and jump into the crypto world, few youtubers hold the coins they offer, even if there is one they get it for free from the results of their endorsement on the coin
Many youtubers seem to position themselves as experienced traders to discuss certain coins that have a payout agreement from the project, so it is difficult to find youtubers who provide support to viewers based on potential analysis without being associated with a particular project, most of the youtubers just increase the popularity of new coins.
member
Activity: 130
Merit: 11
Not all of them, I side MMCrypto and joe perrys, also I want to correct you that no one can always be correct at every crypto predictions, its just that some YouTubers went to far, MMCrypto for example takes no side, he will tell you maybe or not, he will talk about any dangers ahead.
legendary
Activity: 3276
Merit: 3537
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you forget the 1st lesson. there is only one coin and this is bitcoin! Btc is the king!
Others are just temporary crypto that maybe can have a "value" in a short time frame, but are not safe for long term holding!
Even ETH... make your research and try to understand "why is not really decentralized" and all risks related to this fact (this coin has been already forked by DEV)... not a good sign into this field!

generally speaking most of youtubers are just paid for promoting a certain coin. you don't need to trust them but make always your research!
another important lesson is always DON'T TRUST, VERIFY!
hero member
Activity: 3038
Merit: 628
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The no.2 is correct.
In times like this, bitcoin remains to be the king. Just look at those altcoins that have been showing zero numbers and almost have no value at all when their devs got rekt.
There's no way to recover on those people that have lost huge money on it and they've put their life savings on it. Too bad that they've trusted the wrong project but if it is bitcoin, they've got to be chilling right now.
sr. member
Activity: 882
Merit: 326

listen to you

I really appreciate and agree with your opinion on this one.

In trading or investing, the most important thing is to believe in what you believe after doing in-depth research.

Put what you can and have, skills, time and all forms of analysis. After that convince yourself and believe in what you have got then invest with what you have found.

In my experience, many opportunities are wasted because of not believing in my own abilities, and I am regret.
sr. member
Activity: 1362
Merit: 258
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I never listen to what youtube says about crypto because for me youtubers only help increase popularity, they don't enter and jump into the crypto world, few youtubers hold the coins they offer, even if there is one they get it for free from the results of their endorsement on the coin
full member
Activity: 1736
Merit: 121
YouTubers are there to make money remember so they pump coins that they hodl in large quantity to gain more profit from you because you buy the coins and it will increase in value to give new profit margin to them. If you listening to bloggers or YouTubers you are for great mistake. Do for yourself what is the best for you.
staff
Activity: 2436
Merit: 2347
1, Never  listen to YouTubers they are bums .

People for some reason think that someone in this world will help them make money. All these bloggers just live off advertising and referrals, you are just a way for them to make money. There is a rule in the crypto world, DYOR. You can never trust anyone, you always need to check everything. The projects promoted by bloggers, or part of their advertising, or part of their investment, which they want to sell at a profit by buying these coins, increase the demand and raise the price.

No one will ever help you make money, you are the money for them.
full member
Activity: 1820
Merit: 107
It is true and I agree, Anyway I dont listen to or even believe in those so-called Youtubers that shilling any coins, or any projects, but sometimes I do listen to some influential and successful people like Elon Musk, but it's just limited on some important matters other than that Im relying upon my self especially when it comes of buying crypto so that if something bad happens no one else to blame but only me.    
sr. member
Activity: 2436
Merit: 272
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Youtubers are not from future, they are just doing it for the views from that only their income is based so all they will tell is lucrative then only people will be interested on their contents so they will get more engagement. The real lesson is make your own decision, you are not supposed to buy dogecoin because Elon saying that it will be the future.
jr. member
Activity: 840
Merit: 6
1, Never  listen to YouTubers they are bums .


Even the youtubers that you love and think trusty.

Coinbereu : He all the time recommended on terra luna. He recommended it on the shitcoin Netvrk and put it on the list of metaverse best projects.


Sheldon Evans: Open youtube video terra luna to $1000 and never take responsibility for his mistakes.

Jrnycrypto -  Said that Sand token will be top 10 in 2022, dogecoin will be $1, ada will be $10 in 2021 and many wrong calls.


they are all bums.


2. BTC is the king. The ratio should be like BTC/ETH 80%  rest alts.

3. Make a decision - When big opportunities knock the door make decisions fast.  trust your gut. Examples are Elon musk shill dogecoin first time. Facebook change the name to Meta. You have to make a decision when is happening the same day.
Like when you have the opportunity to go out with a girl you like. Make a decision now. All these  waiting and thinking is  killing you.  Think fast.



listen to you
The only ones that I have seen that are right 90% of the time are crypto mason and bearable bull. Youtubers are paid to create content, so don't be surprised when they shill you something. Instead, invest in projects with real world utility with developers and a business usecase, like ICP, HBAR and 0xMR.
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