Risk of Buying as a Beginner

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This Twitter guy, Portnoy, was obviously trying to enter the cryptocurrency world by being cunning and not actually honest either.

He messed with something that is way far above what he can imagine. Trying to take over and becoming the self-proclaimed "Bitcoin Baron" demands features he doesn't have.

Making money with Bitcoin is not easy and taking steps as he did was not correct approach. This guy was told to buy Chainlink and of course Chainlink dumped. It is like that. You don't buy altcoins after a 100x. This is what happened in 2017 and many lost hundreds of thousands of dollars thinking that some random altcoin that pumped x100 will pump another x1000.

This is a wrong approach. Cryptocurrencies should be bought when they are very low and hope that you will get lucky at some point.

Chainlink does not do anything to deserve more than a few million dollars valuation. The current price will perhaps drop 99% as the rest altcoins did in the past.

How many Chainlinks we had until now and what did they do so far?

Anyway do not follow anyone on Twitter, Youtube, etc. These people are not honest and they are usually paid to shill. 90% of the times they will shill right on top.

Don't get burned.

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Yes chainlink doubled in the last one month. After this bull run of bitcoin ends all altcoins are sure to go down.

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4 years ago