RE: Blockchain is Beautiful, but Don't Be Stupid...like Investing in BitConnect!
A very respected blogger admitted to losing $2K, which makes it clear that even the 'experts' don't get it right 100%.
This admission makes my $20. novice fail, while diy-learning an exchange, seem as pennies.
To lose to a ‘venture’ that was so charged with YT advertising, just days/hours before notification that it was a ‘scam’, whose time was up, makes it ginormously clear why individuals HAVE to do their own due diligence; and, not be sleeping ‘sheep’, forgetting most ‘ads’ are created by actors.
Equally important, as I learned the hard way, is don't trust diy posts at face value; especially those where money transactions are involved. Before trading the actual amount you want to invest on exchanges, i.e. Bittrex, et al, be sure to do a trial run of .01 or so, to be sure the method works. Once you flush your money into the pool; it takes more than...well you get the gist.
Perhaps, the wisest advice I could offer is trusting that Inner Knowing, I refer to as the Holy Spirit. If you get this gnawing that something's just not right, trust this Knowing. Often, we get high on the hype, ignoring this Gem.
Speaking of, there's a crypto that I just can't jump on board with, in spite of all the bells and whistles surrounding it. At some point, I will read something that shows its growth potential; but, for now it's just a preparation for something huge. A lot of the experts are singing its grand future; and, for this reason I will buy with caution. I admit that it has grown; but, it's very saturated in dispersal. I won't name the coin; but, it's probably not hard to guess.
Great post for raising awareness.
Peace.
Thank you so much! I wouldn't feel bad about losing the $20...everybody makes mistakes. I'd consider the $20 to be the best (and cheapest) investing education ever, since you'll likely never repeat the mistake!
Oh, if only that was truth...It was two separate $10. buys...lol...
Thanks for the encouragement!
Peace.