Hard lesson I learnt from crypto in 2 Years

[dhru9]

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

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[joeperry]

The number 1 is right, never listen to YouTubers especially influencers as they are just getting paid to advertise the coin and doesn't really know anything about the project (most of them) second is true but it is up to you if you wanted the majority of your asset to go in Bitcoin, I personally put 90% of my money to Bitcoin and the last one on your list is risky, though it could be profitable but make sure that you won't be too greedy and don't put all of your money on that coin try a lower to average amount (depends on how much money you have) and use that, it is not bad to take some advantages to things like this.

[Jackl87]

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.

To your fist point: I totally agree and of course this is not only true for youtubers but for every crypto influencer out there may it be on twitter, facebook or whatever platform they are on. All they do is to shill their own bags and none of them really cars about their followers. They just shill a project that they are already own themself, so their followers are buying it and then they dump on them. Maybe there are a few good influencers out there, but i have not seen one yet.

To your second point: If you wanna go for a relatively safe investment then of course i agree but if you are going for potential moonshots like x10 or more in a realtively short time then you have to invest into small alts. The risk their of a total loss of your investment is way higher this way obviously but you should not invest money that you need for living anyway.

[strunberg]

I am believe all of those was right, we must confidence with our own analisys and never trapped by influencers review in youtube , twitter or anything else. Maybe they were paid foe their review about any projects. By taking our own decision  based research and observation.alot influencer shilling their assets meanwhile we buy they will sold it

[cytpoway121]

1, Never  listen to YouTubers they are bums .

Firstly, there are no bums in crypto currency, either they are influencers or newbies, or traders or owners, no body is a bum. Everybody is into crypto currency to take profits, the influencer telling you to buy A or buy B is doing so for his pockets, ofcourse influencers call will win, (is it all the time?) When influencers and project owners say, this is not a financial advice; do you think it is a joke ? Crypto preaches self responsibility. We must always leave at home our bias while dealing with crypto currency and ofcourse fix pout greed.

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

BTC is king, undisputed; but on the short term, BTC will not give you the profits that you desire and this is the main pivotal reason why we all flock towards alternate coins. To survive investment in altcoins, you must spread your niche amongst several chains and understand how they work. Relying on btc would not improve your funds short term; while depending on altcoins would rekt your finannces

What do you do ? see below

3. Make a decision 

: By Creating a balance between BTC and Altcoin investment

[RussianEnglishTranslation]

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.

[jrrsparkles]

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.

[masterrex]

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.    

[Xal0lex]

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.

[gantez]

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.

[D ltr]

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

[lombok]

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.

[blockman]

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.

[bitbollo]

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!

[Widdop37]

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.

[cdog]

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.

[Doell]

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.

[Cee2]

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.

[Metroid]

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.

[ScamViruS]

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.

[RealMalatesta]

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.

[StarKay]

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.

[Digital_Lord]

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.

[cryptoaddictchie]

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?

[asyakashi]

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.

[danherbias07]

They need content, they'd do it even for lies. Dirty job indeed.  
I watch them but don't take them into my heart. It's their own opinion about the market and it ain't accurate at all. They are just persuasive or trying to look good and be more inviting so that if ever their viewers will purchase their supported coins they will be part of those who will make profits from the pump.

Bitcoin and Ethereum. No doubt. People seem to forget that whenever they find a hyped cheap coin backed by a billionaire's face and a tweet.  

[Future of Bitcoin]

The lesson I learnt after 7 years in crypto wasnt very hard.

Just have to keep following it. Its very simple. DO WHAT EARLY BTC/ETH BUYERS DID. Buy cheap projects with great teams early like Koinos BEFORE the masses, the influencers, Kevin oLeary, The Mooch and the other people go in them lol

Mcaffee made me literally millions by shilling projects as Verge AFTER I was already in them (BUY THE GOOD PROJECTS EARLY AND CHEAP!)

Like Koinos runs on proof of BURN which uses less energy than POS and is more secure than POW. Win-win. Great team working together since 6 years watch their youtube videos where they talk about the project and their coding. No clickbait just devs talking about their work like youtube should be lol.

Once Influencers find out about Koinos it will go x1000

[Argoo]

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.

How can you listen to the opinion of those who on YouTube talk about some new cryptocurrency project and urge you to invest in it? We see how in the bounty campaigns there is also the completion of tasks on YouTube. The team of the new project pays their tokens for a good video on YouTube with an advertisement for their project, and they give recommendations on what to say and what material to use. They can say whatever they want, telling how high the new cryptocurrency of this project will soar in price. But we ourselves must critically evaluate everything, and not trust the words.

[jaberwock]

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.

How can you listen to the opinion of those who on YouTube talk about some new cryptocurrency project and urge you to invest in it? We see how in the bounty campaigns there is also the completion of tasks on YouTube. The team of the new project pays their tokens for a good video on YouTube with an advertisement for their project, and they give recommendations on what to say and what material to use. They can say whatever they want, telling how high the new cryptocurrency of this project will soar in price. But we ourselves must critically evaluate everything, and not trust the words.

That is done because people are naive about investment when it comes to making some profit. This is basically something that we should be caring about at this point, because many people think about how investment is risky but if you think investment is risky then wait until how much it costs to not invest at all.

This should be considered a very big deal because you may end up losing money in the investment world, crypto is risky, it is volatile and you may make a ton of money but at the same time there is a good case to be made that not doing it is even more risky and it costs a ton to not have any money in the crypto world, risky for your future.

[nurilham]

1, Never  listen to YouTubers they are bums .

Not only YouTubers but also other influencers from other social media. They only speak based on what they promote or to get something to the hype and tackle their own profits. If we want to take some certain of their advice, take it into your own consideration, but keep it to be a consideration only, not the decision to join buying certain altcoins. Be wise and smart to choose

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

People will believe this only in the bearish market, when they have faced the bearish era, they will exactly believe about shit coins and will only focus on Bitcoin

[RussiaUkraineTranslation]

I never listed to youtubers but people on 4chan told me to buy 50k Chainlink at .13 usd and that worked out well.

[Viscore]

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

If you want to stay long in crypto, don't trust others for your own sucess. Learn on your own and trust yourself. Those crypto influencers were not really helpful at all. And always invest on the best asset of crypto, bitcoin. You will never be more successful if you keep on playing safe and avoid taking risks. For you to have a bright future in crypto, stick with your own decision and focus on your plans. Otherwise, you will have to regret what you did when you know you are capable of turning things into its most possibilities.

[LUCKMCFLY]

Well, you are right not to follow the youtubers, it is always good that each decision that is made is based on your own argument and not because of the analysis made by another, although you can hear what they say, it is not a guarantee that they will be the only ones that they are right, I have never been a person who follows the advice of an influencer, and even less of a certain Elon Musk, because really for me he does not have much importance, I see him as an opportunistic person, what is more I see him as the wolf ferocious in the story of little red riding hood, something like that I see him, of course it's my way of thinking and many thanks to OP for sharing his wisdom.

[sayaya17]

Well, you are right not to follow the youtubers, it is always good that each decision that is made is based on your own argument and not because of the analysis made by another, although you can hear what they say, it is not a guarantee that they will be the only ones that they are right, I have never been a person who follows the advice of an influencer, and even less of a certain Elon Musk, because really for me he does not have much importance, I see him as an opportunistic person, what is more I see him as the wolf ferocious in the story of little red riding hood, something like that I see him, of course it's my way of thinking and many thanks to OP for sharing his wisdom.

It is very natural that newbies make mistakes by making decisions because they are influenced by other people's opinions. Because when we first
get to know crypto and start investing, quite a lot of people don't have good knowledge about crypto. Finally, take a short step by following
the opinions of youtubers or influencers to decide what coins we will buy. Even though most youtubers or influencers promote certain coins only
for their personal interests.

If you are not one of those people who follow other people's opinions when deciding on an investment, it means that what you are doing is right.
Unfortunately not everyone can be like you, because there are still so many people who make decisions based on other people's opinions.
Therefore, we should not be surprised if we find meme coins or shitcoins that suddenly pump high, because to be honest there are still many investors
who are influenced by other people's words, which the person only uses to do pump and dump. Indeed, investing in crypto should rely on our own
abilities, because only ourselves can be trusted in the crypto world.

[Quintrix]

1, Never  listen to YouTubers they are bums .


Even the youtubers that you love and think trusty.


listen to you

Why does it take you two years to learn that, you need to do your own research when things that you want to know when investing in the Cryptocurrency market are already written on the wall.
Youtubers are paid shillers or bag holders they only care about their investment and the money they are going to receive from their sponsors, you can listen to them but follow your instinct based on your own research.

[Farma]

well, listening to youtubers is a mistake, because not all youtubers will actually provide the right information about price movements that will occur. most of youtubers sometimes just looking for content for their youtube. other than that, it's the same as speculation on telegram group or tiktok. quite a lot of contrived things to attract the audience there.
From the very beginning I got to know crypto, I knew bitcoin was the best of it all. You can also see that the price changes that occur in bitcoin actually affect other altcoins. this makes him the king of crypto.
however, the hardest part is making a decision. it really determines whether you profit or not. however, I'm also often confused about this. In fact, I've missed ATH several times, or sometimes sold at a loss because I was confused by this. The point is, when you have made a profit, you need to secure a portion of the profit you made.

[albon]

1, Never  listen to YouTubers they are bums .

Most of the YouTubers who publish analyzes and reviews about crypto projects are paid by the team of the promoted project, so they are only interested in promoting in order to get money, they have nothing to do with you making a profit from your investment or losing your money, not all of them but the majority do, so you have Do not rely entirely on an analysis or recommendation from any YouTuber, regardless of his experience in this field, and make your investment decision after reviewing the token and seeing its community and its developments, and you should know that after what happened to the Luna coin, many analysts were disappointed, This proves that the crypto market cannot be expected.

[Godday]

Totally agree.  I've also experienced losses that shouldn't have happened.  I'm following what some of the accounts I've followed on Instagram and Twitter have said.  I think they are crypto enthusiasts and they are responsible for what they say.  I think it's better to follow our own instincts and choose based on what we believe in ourselves.  At least it's our own choice, not just because of the FOMO the influencers have caused.  Because I think a lot of them don't really understand crypto and just to increase the number of views and earn profit for themselves.

[rozak]

Totally agree.  I've also experienced losses that shouldn't have happened.  I'm following what some of the accounts I've followed on Instagram and Twitter have said.  I think they are crypto enthusiasts and they are responsible for what they say.  I think it's better to follow our own instincts and choose based on what we believe in ourselves.  At least it's our own choice, not just because of the FOMO the influencers have caused.  Because I think a lot of them don't really understand crypto and just to increase the number of views and earn profit for themselves.

that's because the YouTuber or influencer is being paid to entice a lot of buyers into the asset they purchased first. when many people buy the price can go up and they can sell it.
I've also had the same experience. luckily the loss was not that big because I put SL in anticipation if the price plunged very deeply.
after that I no longer trust them.

[Tony116]

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.

Youtubers, like us cannot predict where the market will go in the future. They are just trying to monetize views or get paid to do it. To survive in the cryptocurrency market, you should not listen to anyone, make your own informed decisions. The money is ours and should not be given to others to spend.

Always be careful with the coins that Elon mentions, they can be dumped at any time. He is also an investor and is trying to make a profit.

[yazher]

Influencers are also investors in certain projects and most of them are pain influencers to say that they aren't connected to the coins they are praising, that's a total lie that's why you really need to do your own research when it comes to this one because investing with money is crucial and you might lose everything you have just by doing one wrong decision just like what happened to the investors of Terra Luna coins which is the biggest issue right now. All investors should not use all their life savings when it comes to investing in this brutal volatility market if they want to preserve their life when something goes wrong.

[savetheFORUM]

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.

Chillax man, they are only humans and they can make mistakes too and even myself I almost believed that luna was among the top project before. I think they only experience an unexpected problem there, that is why their coins collapsed but if that didn't happened I think they are still going strong. Sand token is also a good project and there is still a chance for this coin to be in the top 10 soon since metaverse is still there and it was still kinda new.

There might be surprises for dogecoin and ada because you know Elon already bought twitter and maybe he can make dogecoin as its official currency. Market have also not recovered but when it does, maybe ada can now be on that expected price.

[firmino10]

theirs is to promote a project through popularities, after all, it is a platform for advertising and learning but ours is to make concrete research before investing. know what the project is all about and not just what advertisers make available through a youtube video. bitcoin is a coin that has proven itself over time, so it encourages that one should put some major part of his/her investment in either bitcoin or Ethereum.

[isaac_clarke22]

~

Do you mean that they're "paid influencers"? Oh boy, this is why I avoid many crypto youtubers. Along with the monetization composed of unskippable ads, their desperation to shill a project without even trying to look bad is just so funny.
Claiming to be knowledgeable with the current trends these days, but don't know crap about the technology inside of it.

[jossiel]

Totally agree.  I've also experienced losses that shouldn't have happened.  I'm following what some of the accounts I've followed on Instagram and Twitter have said.  I think they are crypto enthusiasts and they are responsible for what they say.  I think it's better to follow our own instincts and choose based on what we believe in ourselves.  At least it's our own choice, not just because of the FOMO the influencers have caused.  Because I think a lot of them don't really understand crypto and just to increase the number of views and earn profit for themselves.

You just follow them if they have something good to say that will encourage you as you invest and trade.

But you don't solely rely your decisions on them because they're not financial advisors and even an actual financial advisor says, you don't wholly base your decisions on them.

There's only a handful influencer that you'll respect because they're genuine like Andreas but majority of them, they're all clickbaiters and hype makers.