Every possible wrong crypto advices

[GreatArkansas]

(....)
5. You can become rich by taking a loan to invest in crypto.

Lol. This one for me is really the worst among the list.
Funny but this is true, a lot of people do this and are trapped on this advice because most of them end up bankrupt and broke plus they end up having loans with interest and start to have difficulty paying it.

[bitterguy28]

There will only be One for me but this is the most important thing every newbie must understand and that is what?


You can be an instant Millionaire if you invest even smaller amount


this is what a stupid advise or Sentence we can ever hear from someone just to lure us to invest (I know that this is exaggerated but this is true) hope that no one will fall from this .

[FirmWars]

While giving advice to someone when we are 100% sure about certain matter and when we have full understanding about that matter then we should advise other on that matter otherwise if we give wrong advice to other he may get confused. We cannot be given wrong information while proving how much we know, because wrong information can be a danger to anyone on such a platform.

That's why this has a topic named " Every possible wrong crypto advice's", you are a newbie and you can tell the difference, so this thread is working after all.

[Uhwuchukwu53]

This will be fun, drop you 5 wrong crypto advice you can think of, I will go first.

1. You don't need knowledge before you start trading, you can even make profit while you have no trading knowledge.

This one is absolutely one of the reasons why some investors are really finding it hard to profit in crypto, either they withdraw there money when they are not supposed to, or they invest when they are not supposed to invest, meanwhile they are supposed to understand the basic knowledge before involving themselves into crypto, that will help them to be more careful and do things at the right time and also learn how to be more patient.

This one always choke many may see it as joke but it has course many failure to invest who think investment on crypto is by jumping into it without knowledge. The worst advice is to tell investor to sell off it asset when is few days to the bull run secondly telling a holder to withdraw all his investment when there is ATL thirdly advising a trader without knowledge to avoid mornitoring the trade as the profit will accumulate without been mornitored.