The bottom line seems to be that there is no bottom line. Only suggestions of guidance.

By Papa Lou | Educational Papa | 27 Apr 2021


If you look over various subreddits, blogs, and news outlets long enough, you will see cycles of content.  

When the market is doing well, we see pump & dump posts, price prediction posts, and news articles relating to all-time highs.  

When the market is doing poorly, we see I-told-you-so posts, bear market speculations, and people asking whether this is the time to buy or if they should wait.  

When the market crashes, we see new investors pulling out of the market, people asking if this is the end of cryptocurrency, and news articles pointing the finger at how crypto is unstable.  

Within those posts, we see a wide range of opinions on how people should manage their accounts.  

Some people are steadfast DCA and HODL supporters. Other people claim that actively trading is the way to make money in this space, while others suggest spreading your finances across multiple asset classes, stocks, crypto, real estate, etc.  

Across the spectrum, we also see that people dabble in DeFi lending, staking, pooling, swapping, and liquidity pools.   Additionally, some people love exchanges like Coinbase, Binance, Kraken, Gate, Bittrex, Gemini, KuCoin, and many more.  

People recommend coin-specific wallets, Exodus, Atomic, Trust wallet, and many others.  

And further still, there are Ledger, Trezor, KeepKey, and a few more hardware wallets.  

Finally, we have the never-sellers, forever HODLers, and those who have varying points where they want to sell.  

When new people ask questions in these outlets, you have to realize that all of these opinions will flood your comment section, and this is a good thing. The reason these outlets contains value is because it is a one-stop-shop to all things crypto. You may get someone who is biased towards one coin, with another comment giving you a reason to not believe in that coin's future. You may get people saying they love a specific exchange, but someone else chimes in saying they have funds locked up with no customer service support.  

Take all of this information in and use it to make an informed decision. The sentiments of DD, DYOR, and not financial advice actually do mean something, even though you may be desensitized to it by now. It means only you can control your financial future. You come here for suggestions and advice, not gospel. You come here for opinions and conversation, not lecturing.  

What you do with this information is up to you, but take everything from all angles to make a decision based on well-rounded research, not hyped speculation.  

At the end of the day, the bottom line seems to be that there is no bottom line. Only suggestions of guidance from your fellow peers.  

Good luck out there.

How do you rate this article?


13

0


Educational Papa
Educational Papa

Articles are written with an intent to educate.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.