Let me give you an example, if you practice, you will be able to identify which one is good or bad in cryptocurrency.
There is a person who lives in Germany and he does not know the value of Pakistani currency and a Pakistani or some new trader goes to him and tells that German person that Pakistani currency will become equal to German currency in 1-2 months and if today you buy a German euro or Pakistani currency which is 300+ then after 1-2 months when Pakistani currency becomes equal to your currency then you should sell it and you will get a lot of German euro, basically he is telling him that if today you buy Pakistani currency of 5 euro then after 1-2 months it will become 900 euro,
Now let me tell you whose mistake is it, the German one or the new trader who is giving the same advice,
I was told by that trader from Germany near me that he did not do any research himself, if he had not done any research himself he would have known that Pakistani currency can never be equal to euro.
Now this new trader from Germany, whom he himself does not know anything, tell me about him, he comes and buys Pakistani currency for 100 euro and what happens is that after 2 months the Pakistani currency goes down against Euro and now that German guy also needs money, now that German guy had bought 30 thousand currency for 100 euro and now 30 thousand Pakistani currency is becoming 90 euro, instead of getting profit, he suffered a loss of 10 euro,
Now what mistake did I make in this, you have to tell in the comments,
This is the same thing with cryptocurrency.
People themselves do not know nor do they research and just on someone's word they invest in some coin without thinking and later I say that that person has caused our loss, in reality we have caused our own loss so it is better to put the blame on others, do your own research and study and learn, if you keep sitting with the help of such others then first there will be a scene like Germany,
