On Binance Square, there are plenty of crypto influencers who recommend buying this or that cryptocurrency because, according to them, it will rise. What you don't understand is that it's in their interest for you to buy this cryptocurrency because they themselves are either: - already positioned on it for a long time - or in partnership with this cryptocurrency They will make you buy this crypto to make it rise, then sell it or take their check from the crypto project.
The worst part of all this? When you look at the comments of these individuals, you see the community thanking the person for the advice, and many people even go so far as to tip them by giving them a tip. But this is absurd, how is this possible? The community will lose its investment in the days that follow, and on top of that, they will financially thank the person who sent them into this mess? Seriously? What a joke.
Stop following crypto influencers who tell you to buy this or that crypto, in 95% of cases, you will lose your money. Also, financially support those who truly teach you: they are the ones who will make you money, not the others.
Note that I have no partnerships and that my posts are only paid for through your donations. Nothing else. This helps a lot. For those who want to thank me financially but are on an Apple device, you need to access my post via the internet (for example via Google) to have the tipping feature.
This post reflects my personal views.
Thank you for reading.
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Livio P-V.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.See T&Cs.