Don't Follow Blindly
- On Binance Square, many crypto influencers advise buying specific cryptocurrencies, claiming they will rise. However, their motivations may be self-serving. 📈💼
- Influencers may already have significant positions in the recommended cryptocurrency or be partnered with it. Their goal is to boost its value, benefiting themselves. 💰👥
- Despite this, the community often expresses gratitude for the advice and even tips the influencers. 🙏💸
- The author finds this situation absurd, as the community may end up losing their investments, yet still financially thank the influencers. 🤔😡
- The author advises against following such influencers, as they believe that in 95% of cases, investors will lose money. 🚫💸
- Instead, they encourage supporting individuals who provide genuine education, as they are more likely to help investors profit. 📚💡
It's important to critically evaluate advice and consider the motivations behind it in the crypto space.