Many are speaking of a market trend shift, adding short position and these people surprisingly appears only when market is close to bottom.
Isn't it strange these people never call for short at top. But only close to bottom? The famous wall street saying is correct because no one knows anything, everything is a fugazi.
Unless you're Nancy pelosi because everyone knows there's only one gangsta when it's insider trading without getting caught.
Investing with less information is a recipe to disaster
Investing is for everyone with as little money as $10 as long as you've a dream you can invest but chance of succeeding in this is upon your own. Sometimes all you need to do is search for 10 minutes on internet and learn what could be valuable in future and invest in it, then forget about it.
90% of investing is how you're viewing world in next 5 years. 10% of investing is how you'll respond to it.
Less information only brings unfortunate days because you don't care enough to learn what it is that you're investing in.
Take me as an example
About a week old user here and I've been only investing my time to have more information. Asked for advices from users who have more experience
they know more than me and if they're sharing that information with me I'd be more than happy to educate myself.
It is a basic rule of life to educate yourself, have more information about anything you're doing in your life. This will help to know what is right, what is wrong
Brings more discipline in life when you have values and principles to act on. Treat investing as nothing different than how you treat your studies, profession.
Luna crash taught me everything
It has been my habit to read articles and do my DYOR but it also caused financial loss because of not realising some of those articles were forced and paid
I was involved with Luna after reading bullish catalysts
Informed myself just enough to believe it is a good product to put money, later I lost everything in that crash
It taught me to never trust on anyone while investing, not even yourself because we impose our thoughts directly on that coin and gaslight ourselves to believe it's the next trillion dollar market.
I faded GCR call, he went against the market and openly shorted it. Warned people it'd collapse and saved money but I fed my ego with those bullish catalysts and articles posted all over internet.
I'm telling you this to educate yourself you don't have enough information to compete against the market, they'll always know more than you
This is sole reason I stuck to hunting airdrops and finding arbitrage in the broad defi space. Compound everyday, get involved with new projects early.
And it'll be the discussion of my next topic. My aim is to share what I know, let experience one educate myself and see the world as an opportunity to learn.
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As always, knowledge is the best weapon, but all too often the ignorant shout louder than the learned, and take the masses with them, sometimes to the point of getting a guy elected to head a country.