Don’t Get forked by Cheap Cryptocurrency Advice

November 11, 2021 by No Comments

Let’s be clear; there are some cryptocurrency gurus out there that provide some great information, but let me ask you this: Would you value the advice of a doctor who had never finished medical school? Would you listen to a financial advisor who didn’t know how to balance their own checkbook? Of course not. There is merit in experience, expertise, and qualifications. You shouldn’t expect anything different when it comes to making money with cryptocurrencies either.

In fact, you should expect the opposite. There are plenty of people out there giving bad advice to cryptocurrency newcomers in an effort to “get rich quick” themselves by taking advantage of your ignorance and confusion. They may have good intentions, but honestly, it’s just a different kind of greed – this time under the guise of being a friend or a person who has your best interests at heart.

If somebody is telling you that they can predict which coins will rise in price next week, next month or even next year, don’t listen because it isn’t going to happen! The value of any coin is decided entirely by what someone else is willing to pay for it at that moment in time. If somebody promises that they have some magic formula that can tell you when the price of a coin will rise, then they are either a liar or a fool – take your pick. Both options don’t make for good company.

The idea that every coin will go to the moon and make you a millionaire within a year is nothing more than a fairy tale, but there are people selling this fiction as fact in an effort to con newcomers out of their money via high-pressure sales tactics and unfulfilled promises. So if somebody tries to sell you some magic formula or trick that can consistently predict which coins will rise in value over time, just politely say no thank you and walk away before they ask you for any money at all! You should never invest any money into cryptocurrencies until and unless it is your intention to do so for the long term (and with money that you can afford to lose).

You should never invest any money into cryptocurrencies until and unless it is your intention to do so for the long term (and with money that you can afford to lose).

Somebody who is trying to sell you their prediction of which coins will rise in price next week, month or year is clearly trying to take advantage of you. They might make all sorts of promises about how much money they’ll help you make – but if somebody promises that they have some magic formula or trick that can consistently predict which coins will rise in value over time, just politely say no thank you and walk away before they ask you for any money at all!

There is merit in experience, expertise, and qualifications. You shouldn’t expect anything different when it comes to making money with cryptocurrencies either. Remember, there are good cryptocurrency gurus out there who can offer some great advice… but don’t blindly follow anyone because they claim that they know what will happen next with the price of a coin. That just isn’t how this works!

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