Sometimes you do so many research for your investment,but you make a loss at finally.In the meanwhile,your friends just follow famous people or obey some rumors,and they make huge profits.
Have you ever had such an experience?
If you have,how about your friend ?they make a fortune or not?
Plenty of friends who just blindly follow Youtubers and buy random NFTs/alts that have no value.
They might be making profits in the short run in a bull market but their portfolios are going to take a beating when the actual bear market starts. It's simply not a sustainable way of making decisions over the long run.
Don't get fooled, guys. Short term success has virtually no bearing on long term outcomes.