I have spent a good amount of time studying the unlimited Crypto Currency videos on Youtube from OVERNIGHT experts of a Technology that the world is still learning in the hopes of advancing how we use OUR money and transact in a cheap and fast manner.
Some times I can't help but laugh watching how some people would encourage innocent people to pour cash into COINS with no proven record of achievement.
In one video a man on a Youtube read out a list of Cryto coins he said were the most promising behind Bitcoin and Ethereum and urged people to buy them and hold on to them for a few month. I quickly log on to Market Cap to check on the stats on those coins and WOW...saw one was up 300%...next I traced to find out when the coins were created etc and to my shock most of them have been out about a year and have been flat for almost the whole year... I checked on the dates on the videos on Youtube and compared them with the coin charts and I realized they picked just around the same date the videos hit...few hours later the 300% coin is now -7%..
CAREFUL with the many fake Crypto Currency 'experts' and research on Currencies very well before pouring your hard earn cash in!
In
Of course wise words. All life is risk and at the end of the day you and only you are 100% responsible for your money and your life.
agreed, i don't ever proclaim to be an expert in the cryptospace to my followers, just a passionate enthusiast, i'm always encouraging people to actually go and look at the coin and its details and make sure that that resonates with them and they understand the idea behind it. Just because i like something doesn't mean you should buy it if you know what i mean .. crap i could be leading you off the cliff like the pied piper ...
Great post @Stonecrypto, really enjoyed that. Thank you.
Thanks @courtzd