So all of the people who got lucky in the crypto space from 2017-2020 have decided to put up Youtube channels to bilk you out of your money. I'm looking around on Youtube for my trusted commenters (and I went through dozens of losers before I found reputable folks), and my screen is drowned out from all these brand new channels shilling "what you need to do."
First of all, congratulations if you're a new crypto millionaire. When I get there, believe me that I'm gonna spend way more time protecting my wealth from regulators and scammers than trying to sell you some new ass educational course. Why the fuck do these people think it's cool to just pop up and proclaim they have some hidden fuckin method just cuz they were in the right place at the right time? Literally anyone who just bought in anytime after March 2020 and held for any length of time came out ahead. This is not a method. These folks got rich off of a single good move. Unless your name is Chamath and you put in $1M fiat when bitcoin was two digits, I don't need to know your "method."
I'm not hating on these new channels simply because they're new and unproven. That's a perfectly good reason to ignore and flame them, but that's not why I'm doing it. Why am I doing it? Because strategies that worked in the past won't work now. If you just bought and held from March 2020 until now, February 2021, you got rich. If you do the exact same thing from February 2021 to January 2022, it's possible you could get completely rekt. BTC's risk/reward at $5,000 is not the same as the R/R at $50,000. All signs point to continued upward movement, but you never know. And this type of speculation is definitely not anything people should be selling.
If you're a noob, don't fall into this trap of the blind leading the blind. Realize these new folks are more or less just lucky. You literally couldn't miss between March 2020 and now. You could buy deadcoins with no development on them and still be up 10X.
If you're just getting in now, getting your crypto millions may require a new skill set. You may need to hold through a bear cycle. You might actually have to learn what a project does and how to avoid real regulation that comes down this year possibly. Who knows, but I know this — making gains in crypto is a full time job. You have to stay on Telegram, constantly be on Youtube, and learn new protocols. You have to avoid technical risk and input errors. It's a process that you mostly teach yourself, because making money in this market is too new for any patterns to have emerged.
Find a few people you trust and stick with them. Ignore everybody else. And make sure those people are teaching you technical stuff like how to unstick a Metamask trade or properly use a bridge. "Trading strategies" in crypto are 99% garbage. Every strategy works in a fuckin bull market. And you may have to lose some money to separate the real from the fake. I certainly did. Pay your dues.
———
YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Always remember:
Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM
Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.
Gems I'm investing in:
