Current Bitcoin Price

Sunday, February 28, 2021

"Too good to be true": take all information with a grain of salt

You don't know many times I got fucked in the ass as a beginner believing claims people say.

The most obvious examples are the big flashy "BITCOIN IS DUMPING" with toilet hole mouths or "[insert shitcoin here] PUMPING TO 100X!!!" on youtube thumbnails.

The less obvious is reddit, and back then, when I was new here, people are saying, "X is going to $500", and there's a ton of people shilling and being bullish, and I see it and I'm convinced, it could literally be bitcoin, and I can buy in. They say price will moon, but a day later my buy, it does the exact opposite.

An extreme case was last few weeks when everyone was spamming "doge to 1$" I saw so many newbies buy in from FOMO because it felt like they want to join the train, no matter how big or small to contribute. Some put in more. Well, nevertheless they got rekt.

And then there's PnDs. There's a big ol' sign on the daily discussions warning me on that. Never took part in one. Thank god I found this sub to find what it was.

But yeah. Moral of the story?

  • No one knows anything.
  • If it's too good to be true, it is.
  • Take all information with a grain of salt

Dyor and make your own judgements.



Submitted February 28, 2021 at 04:59PM by Iiau_ https://ift.tt/2OciAHP https://ift.tt/2Z7cX2s

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