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RE: Should I Panic Sell All My Bitcoin?

in LeoFinance3 years ago

Once upon a time a manager of mine told me to read the Wall Street Journal everyday to learn about investing. I didn't heed that advice, but I am older and wiser now. I wonder if there is advice that you would offer to newbie crypto people. I am trying to read blogs like this to start being able to understand the lingo, and read in the comments and follow news cycles. I am in things for the long hauls, so the dips aren't so alarming for me. Thanks for posting.

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Be aware of FUD: Fear, Uncertainty, and Doubt. Cryptocurrency is a disruptive innovation, and it threatens established players and the current way things are done. Some media sources are aligned with these players, so they tend to promote FUD in their reporting. You may have noticed this already.

FUD-friendly news still has it's place, but for us it's to know what the Establishment thinks and does. We will do our thing in the crypto world, we just need to be aware of the movements of no-coiners and cryptophobes out there. Finding FUD-free news sources (especially online) is challenging not because it's out there somewhere but because there is so much to go through when it comes to crypto.

All I can suggest is to find someone who is now where you want to find yourself in the future, see what that person did right, and follow that path.

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Sounds like a crypto mentor?

It could be a crypto mentor, even if the mentor never sees you or communicates with you. It could also be someone who is just a few months ahead of you on the journey and things are going well on the crypto side.

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I will stalk some crypto people who seem to have their head on straight. Any names you would throw out to start following??

When it comes to cryptos like Bitcoin and Ethereum, I'm still looking. Finding posts at LeoFinance and D.Buzz is a good start.

When it comes to HIVE/HBD and CUB for Cub Finance, I recommend these people:

There are many others whose account names I don't know, but these provide a good mix of experience and longevity.

After a while, you'll discover other opportunities, and therefore people who have done well with those opportunities.

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If you're ever in doubt, the @leomarkettalk daily blog is always there for you to ask questions in the comments and get involved.

Plenty of folks in there who will be happy to help you out :)

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We need to write a proposal for getting the daily thread back on the front page of Leo.

A lot of people are missing out on good info.

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Keep searching the internet for valuable investment articles and keep reading. Trust me, you'll be glad you did. The only way to know and understand this space is by reading and studying. When you get the right knowledge, you will know how to operate, manage your risks and make profits.

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Thank you! Will do. I hope to be much more educated by the end of this year.

Great!

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