Am I a scammer?

in #crypto9 years ago (edited)

Everyone and their grandmother writes about crypto on Steemit these days.

Everyone and their dog has an opinion backed by...some graphics that look like...stuff...bull..bears...head&shoulders....am I doing this right?

That's actually a situation ripe for scammers to scam you out of your scammy money! Hype, misinformation, selected coins that are secretly shitcoins will be offered to the innocents and gullible as "THE NEXT BEST THING!".

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Remember this story:

JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash:
"Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929."

I do feel a bit like that nowadays. Wherever I read someone is offering advice with the confidence of a Buffett. Then I look at their post history and the fkers were writing about sunsets 2 months ago! I'm not calling anyone because it's more of a general example but people. please. BE SMART!

The article continues by asking a very important question:

Are we at the same fatal stage in the market today, when people who aren't expected to have stock tips have stock tips, including hot dog vendors, shoeshine boys, the homeless, pedicurists, barroom dancers, toll takers, and the trumpet player at the racetrack? Will stock prices fall off the cliff under the weight of enormous popularity?

Now, before I give you MY TAKE on this whole this, I want to answer the natural questions you all have. Something along the lines of: "But, RAZ!, you write about food, hearing loss, stories, fermentation and your crazy ideas not CRYPTO. You are not a damn trader. You are..what are you even?! WHY SHOULD I LISTEN TO YOU! SCAMMER ALERT!!!"

Now hold your horses, because I'm not that stupid to call you to be careful of scammers why exposing myself as one in the same move. That takes some really advanced harakiri and I have no Japanese DNA in my body. But the question is legit.

Am I a SCAMMER?

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Look,I am not a trader nor do I ever say I am. I give no investment advice. What I usually do with crypto posts is to provide a way to deal with the inevitable swings and mindfucks. I have exeprienced them firsthand and also it's very similar with my "day job".
You might not know this but I was for a long time a profesional poker player.
Poker playing and trading is very very similar especially on the mental side. Which, ask anyone, is the most important part of any kind of "gambling". What I bring in all my posts, what I bring that a lot of people don't have is hours of experience and frustration which brought me finally to this level. I am no way elite-level of emotional control but I'm pretty good.
I hope, with these posts, to bring some awareness to the dark side of this beautiful rush taht trading can be...and also to help be less of a "WEAK HAND". Weakhands are the worst :)

If I ever talk of any coin is because I did some research and I have an opinion but of course, you might disagree. That's cool. We learn by reading and exchanging ideas! Being wrong is a fast way to wisdom :)

In conclusion, NO, I'm not a scammer. I'm a guy going through the journey bringing his experience with himself that amazingly has a lot of application to trading and crypto-life. I always wondered, what am I going to do with all this time I put in poker as poker dies our or my interest wanes. That's amazing.
Of course, it's up to you to decided what you think: Always think for yourself!


Now that this is settled let's end here by telling you that indeed, I think that we are in sort of a bubble but remember one important thing. ALL people on steemit are forced crypto-people now. You can;t opt out of crypto now so of course, you get interested and better at it and then...a hyper :)
A lot of people feel they know their shit for making money in a bear market. Problem is this type of market will skew your view. IT won't last forever of course and then, when shit hits the fan, we'll find exactly how tough we are and that's were emotional control is KEY.
But we re not yet at shoeshine boys level of bubble because in the real world, crypto is nothing yet. People are not talking about btc, eth, steem, dash wherever you go. Most still don't know what exactly these are. Or that even ARE!
Just be careful who you take advice from, it might be exponentially important down the line.

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I have the best teacher :P

Dude, can't believe you have been scamming me this whole time....ahahaha. Enjoyed the post man! And yeah, when your cab driver is telling you to buy stocks its time to get out. Crypto could be due for a pullback with all the hype, however I do recognize we are still in the infancy so likely not at the ultimate top, maybe just the head of a wave. In that regard I trust my charting and momentum reads, for now atleast :-)

great way to put it, man! I agree with the sentiment.

Dude! Great post and you gave everyone some sound advice here! You've gotto teach me poker when we meet this year! I hope you will! :)

I think that we are in sort of a bubble

One could even say that we're in a thousand bubbles...

combined to form one massive bubble

inceptiobubble!

Yes, I think much of this is a bubble, but perhaps the bigger problem is our Wealthy Overlords, the criminal banking class. Same as it ever was.
I recently heard that JP Morgan Chase is buying Zcash. These criminal TBTF Banks want in, and that is highly suspicious. Hmmm, will the peer to peer aspect survive?

But bigger things loom on the horizon, literally. Consider a massive coronal mass ejection could destroy all electronic banking(the whole ball of wax) as well as all cryptos. The last CME to hit earth was the Carrignton event of 1859 http://www.history.com/news/a-perfect-solar-superstorm-the-1859-carrington-event:

An event of similar size would probably destroy all electronic communications. Good bye cell phones, electronic banking, all cryptos ... electronic everything wiped clean.

Mother nature is the final arbiter.

The world around us is cruel

No expert here but I think being calm is important. Just a thought. Thank you.

you made very good point in this post and thank you for them

Great perspective on the subject. Alot of the posts on crypto I read here seem like shameless promotion or just simply 'fluff' pieces.

If only there was some kind of shield to protect us from the bubblebubble shield.jpg

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