NOISE OR DATA

By Franklinlee | All-things-Crypto | 21 Mar 2020


 

 

If you are on Crypto Twitter, then I really don't need to explain what noise is to you. We see it everyday when someone keeps promoting a scam project, or the Influencers are telling you that in a month Bitcoin will jump to 10k, or even the media and journalists are seeing correlations and relationships between unrelated factors. Many people follow this noise before of the popular saying which goes "Behind every rumour, there is an element of truth". So they believe that for more than 5 people to be saying the same thing, them there might be some validity to it. And so they most times to lose so much money and come back to look for who to blame.

 

 

 


When going into Crypto, especially investing and trading, information and data are way more important than noise. I mean what many don't know is that those people making the noise are doing it to make money from it. The Influencer promoting a new project has probably being paid to do so. Sometimes they are not paid, but they simply have a large amount of that coin so they need it to get mass adoption for the price to go up and them to make profit. For example, someone that has 1 million BAT will definitely be promoting the project, because if it goes up to $1 or $2 then they make crazy money.

 

 

 


The same goes for the guys promoting scam projects. Well they need you to trust them and then for you to give them your funds for them to make money. So you see that everyone making noise has a selfish agenda and are only out for their own profit. Bitcoin and Blockchain was created out of trustlessness for the established traditional financial institutions. Well you should learn to transfer that Trustlessness to everyone else. The sooner you realise that everyone is out for their own profit, the quicker you will be on the lookout for yourself only. Well what can you depend on. Data and information that has proven itself time and time again. Only that can you bank on.

 

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Franklinlee
Franklinlee

Crypto enthusiast, collector, money lover.


All-things-Crypto
All-things-Crypto

Everything I have learnt and I'm still learning about Cryptocurrency and Blockchain.

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