Hello everybody,
Hope you all enjoy your day and having fun where ever you are on the world right now.
I wanted to write this post for some time now, but due to my other commitments I was procrastinating it for some time.
Im happy to tell you the time has come.... :)
So I was reading on Twitter comments and Twits about many different youtube influencers, people are yelling and complaining about them, that none of them are telling the truth, or predicting both the price going up and down in the same video.
I watch quite a few of them on a daily or weekly bases and maybe it's not clear for everyone, but those guys are not future teller.
None of them are even saying that they are, exactly the opposite they mention many times that they are reading the charts and trying to guess the direction of the price movement by historic price actions. Needless to say they can be right or wrong people are getting mad at them if they got in on the wrong side of the game. So decided to write a few lines of advise for the people who don't know how to use the information they get from this videos.
Rule 1 when an influencer tells their audience he/she is buying a low market cap coin:
As you can imagine this influencers have pretty big followings and a coin that has a low market cap can move big if only a small % of their regulars buy the same coin.
First thing you have to do is to hold back yourself from the FOMO you feel. I can almost tell you with no doubt you will be able to buy the coin way cheaper after the pump is over. Do your own research check if this is the coin you think you want to have in your portfolio, is it something you believe it can get you a nice return in the long term. By all means if you just looking for a quick scalp that's a different story, but most of the cases you already too late once you hear about it. The money was made before you even had your eyes on it.
Rule 2 You don't need to buy all the coins you heard about.
There are a lot of coins nowadays the number of the crypto currencies are growing faster than we can imagine, and I cannot tell you for sure, but Im almost certain 88% of them are going to disappear after a few months. Use those YouTubers wisely, they already did their checks ( Hopefully) but this does not mean they are the one to blame if something goes south. Therefore you have to do your own checks too. ( DYOR!!!)
If you choose right the crypto YouTuber you watching will tell you if they talking about a coin that they got payed off or they found something in this coin and have no "interest" other then their own investment.
Rule 3 Take risk that matches your own net worth.
Keep in mind most of the big channels with high followers already made big money so if you cannot concentrate on your own money and instead you get pissed at them saying they are just showing off their money, maybe you better go and read the news only maybe you will keep yourself away from a heart attack.
Whenever I see a trade that has a PNL of 40K or 50K dollars I feel like if I reach that it means I made it. It motivates me more and more to learn about the crypto world. Maybe you guessed it already but Im not there yet actually far from it, but I spent the last 3 years in this space and I made all the mistakes there are in crypto.
So dear readers I could go on about this forever, but will try to sum it up here. Try to take from every post or youtube video or article as much as you can and use it for yourself but remember one thing: it's your money you are the one who makes the decisions. I show you some of the YouTubers Im watching more often and in my opinion there is value in their content. ( Please don't make me say this.... Okay I have to: this is not an advice for anything I can be wrong they can be wrong etc. )
- Hashoshi ( YouTube 168K subscribers )
- That Martini Guy ( Youtube 133K subscribers )
- MMCrypto (Youtube 552K subscribers )
- Benjamin Cowen ( Youtube 746K subscribers )
And of course this is not me saying you should watch this guys all Im saying I like their content and they have some value in it in my opinion.
There are way more that Im watching of course but Im not gonna list all of them cause that is not the point.
I hope I could help a few of you to clear a few questions in your head, if there are some left just leave it in the comment section and I might write another time about that too.
Wish you a good day people of crypto, Stay Safu and WAGMI!
My referral links:
https://referral.woo.org/feusHHQC3DhKN11S6https://www.binance.com/en/activity/referral-entry?fromActivityPage=true&ref=LIMIT_MYXJLEWH https://www.torum.com/?referral_code=frenkypto
