So we all know that too many people are buying blind without knowing what they’re doing and they are being influenced to invest thinking the price will rise and other people are encouraging them to have a go.
My friend invested around $ 5000 in a meme coin. Do you think he knows what he’s doing? He is not researching the facts, dollar cost averaging, and diversifying into other assets.
And viewing charts and youtube tips? Will the price go up, down or sideways? can charts really predict the future? They can help you a little bit maybe but for example, can you by looking at the chart predict a law that America or China will pass that can have a great impact on crypto? Also, how many of us went in just because of fear of missing out, driven by emotions.
I think that I read that at least a quarter or a third of us have very little knowledge about the coins in which we invest money.
I will be the first to admit that when I started I was not even remotely interested in the tech of most crypto. Now I am interested but its still hard to understand lol. The point of the story is that I don’t know sh * t about f * ck genereally lol.