binance feed is riddled with scams and shills, and sadly is not a good source for good information regarding crypto investments. most comments are scam links or donation addresses on most posts. there is alsl an influx of shit finfluensers, that have no clue on what they are doing that bough some doge in 2020, and now they are the best traders in the world.
good rules to go by:
1. If they spam with referal links, they make money from their referals beeing liquidated. if an 'finfluencer' wants you to change exhanges often, just block them. they are referal hunting and you are nothing but a sac of sats to them.
2. buying high risk projects like meme coins, anon devs, shabby listings, stay away. its most likely not going to give anything but losses. its understandable that reading about people that turn a couple of thousand into 100s of millions is tempting, they got lucky, nothing more.
3. most people that follow trades with bots, lose money, why? see point 1. they make a profit from referals, not because they are good at trading.
4. people saying top 100 projects still can do 1000x. so many finfluencers go on and on about '500x potential on shib' - get outta here with that s***. shib will never be worth more than the US economy, get real.
5. 2017 was erc20 era, 2021 nfs and memes. 2024? most likly AI / machine learning, but who knows.
6. get over the temptation of getting rich fast. you might aswell win the lottery. learn, dont day trade, dont scalp, don't watch charts after charts. you will get burned out, you will loose sleep, you will lose friends, but most importantly, capital. learn how to identify trends, not scalping signals. I've sold most of my crypto when btc hit 58k, and bough back more at 15-20k. its about patience. Time is your best friend when trading, not the amount of trades.
you got to believe in the numbers, trust the numbers. People that bought ethereum at 7 cents had to watch their investment drop 50% for half a year before it did its thing. are you ready to watch your capital drop, in order to gain?
