So with everything that has happened since the New Year in Crypto I wanted to share one of my resources. Whilst there are many many places I go for news, white paper reviews, rumours, technical analysis and trading advice there are others for just good level headed thinking.
I wanted to share this video in particular as things are now looking up and inevitably more people will be getting into crypto. I believe that run ups such as toward the end of 2017 are not healthy or natural, especially in such a new and relatively low valued asset class. New people will get in with little knowledge as soon as they hype begins again this could lead to more panic, more FUD and yet more extreme volatility. Each time this happens more people get burned, usually those people are the ones making their newb mistakes and losing money they cannot afford to lose. This is wrong on some many levels. The rich get richer off the poor. The more knowledgeable profit from the less informed. Those who are desperately seeking a way to new financial gains who have been struggling lose due to not taking the time to implement enough due diligence. If you wave a carrot in front of a donkey it will try to eat it.
I personally know people from low income families who heard about this promise of new wealth that cannot fail them. Many of those people jumped in head first during December and lost money they may never recover from losing. This is something we should ALL work toward reducing. If we can do something to help those in worse situations than our own then I believe we should. No matter how small or big the help we can offer it all adds up which is why I may begin making some videos of my own soon and in the mean time will continue to share information from others who believe in this Ethos.
For anyone who is not a trader, is new to crypto, wants to get involved but has very little money to lose please share and watch this video. Ready Set Crypto is a good place for level headed thinking, for trading places such as Philakones channel or Coin Mastery also CryptoJack are good resources. Maybe the trading orientated channels are not the best place to start but progress to over the initial weeks of entering into the crypto space. Try learning to think first and do research into each project. Learn about security, cold wallets, 2FA, phishing and more. Then begin to keep up to date with people online such as ReadySetCrypto, Ivan on Tech, Crypto Tips, Crypto Candor, Data Dash, Crypto Lark and more. Begin to form a good view from different people in the space, they are often wrong but getting a diverse view is a good place to begin. Then projects you form an interest in you can look into further from Crypto news websites and definitely Twitter. Always ensure to read White Papers and take extra care when investing in ICO's do extra due diligence as with greater potential rewards often comes greater potential risk.
The last thing we want is people from the lower end of the financial ladder losing money that directly affects their ability to support their families. The reason I am here is not just to make money, people laugh when I say this but I do beleive in the tech and the projects. I do believe that the revolution is coming and that wealth and control can become more evenly distributed. I think those in the worst financial and social situations should be the first to benefit. Therefore any advice I can give to assist that I will try my best to deliver.
Check out the video below, support the channel and subscribe, then share with anyone who may benefit. Best wishes to all of those entering Crypto for the first time. I hope you ALL reach the goals you set and that we can jointly achieve innovative advancements to society for the betterment of all not just a select privileged few.