I've been involved in the crypto space for a few years now, and I've seen a lot of people lose money. A lot of it is because they listen to influencers.
These influencers will tell you that they're making a fortune with crypto, and they'll show you screenshots of their profits. But what they don't tell you is that they're only showing you the winners. They're not showing you the losers.
The truth is, most people lose money with crypto. And if you're listening to influencers, you're more likely to lose money than you are to make money.
Let's take a concrete example:
We all know what happened to LUNA only a few weeks after this post... Of course, I do not want to focus only on this influencer, because he is not the only one to have failed. However, there is a rule with cryptos: If an influencer shilled a token, it probably means that he owns it and tries to pump it.
So what should you do instead of listening to influencers?
Do your own research. Learn about the different cryptocurrencies and the projects behind them. Understand the risks involved. And then make your own decisions about where to invest your money.
It's not easy to make money with crypto. But it's possible if you do your research and make your own decisions. And the first rule is to stop listening to influencers.
If you're serious about making money with crypto, start by learning about the different cryptocurrencies and the projects behind them. Then, do your own research and make your own decisions about where to invest your money.
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Disclaimer: This article is not financial advice. Please do your own research before making any investment decisions.
