Quote from: decodx on December 28, 2023, 10:33:01 PM

Quote from: Troytech on December 28, 2023, 02:36:59 PM

👉 Don't take popular opinions as an investment advice.
👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice.

Yeah, we gotta think for ourselves when moneys involved. What's popular ain't always right. Social media makes spreading opinions too easy - even bad ones. Investing like that rarely goes how you hope.

These platforms can provide valuable information and insights, but they're also breeding grounds for misinformation and manipulation. I try to ignore the hype trains. Research and caution have treated me okay so far.

It is our money, so yeah. If we have no knowledge, then we better not continue. Or we can as well, but we should study on our own first. If something is popular, there should be a way to tell if they are legit or not, like for example by basing through the feedback of the people.

There are fake feed backs as well, so we must be careful but I think they are only easy to spot if we do our research or by simply recognizing what the topic is all about. I think some social media can detect it as well and give their users a warning. It's great to know that they also care. To ride the wave or the hype is hard and risky. So if you think you didn't have what it takes yet, your decision of ignoring it is better.