The best investment advice anybody can give you
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If you just landed in the world of investment and you did not know until you started investigating, I'm going to give you the best investment advice anybody can give you. They are not entry prices, they are not interesting actions, they are not new crypto projects that are going to skyrocket and they are not sales signals either, I leave all that to the great gurus of YouTube, Twitter, Patreon, and other channels and networks.
I've spent time informing myself and trying to understand how everything works, well, I'll be honest, I wasn't trying to understand anything when I arrived. I just wanted to make quick and easy money like the majority of inexperienced people who first heard about cryptocurrencies and the rapid growth that some have had.
Do you know what confirmation bias is?
I take it for granted that most of you know it but for those few who do not know it, I will summarize it for you. When you search for information and condition the search result, Examples:
-Hitler the greatest murderer in history/Hitler was right.
-Stalin the greatest murderer in history/Stalin was right.
In any of these four searches, you will be able to find information that confirms what you are looking for although logic tells us that the four statements cannot be true.
Well, once we review this concept, many of you will already know where the shots go. For those who are still reading, I will tell you that this is the best investment tool that you can use without membership fees, without technical knowledge, and with little training.
Since I am interested in Bitcoin, I am getting my idea of what I think Blockchain technology can contribute in the future, since I know Ethereum I also wonder where the application of smart contracts could be useful and those that you read to me from time to time you already know that I have a lot of confidence in the future of this technology, yes I am bullish in the long term. To curb my sentiment and expand my point of view, I sometimes use confirmation bias. I look for the most bearish news I can find.
There is nothing better than doing your own research (DYOR) and making it as thorough as you can. Having no knowledge and having to resort to someone else's knowledge, you cannot stay with the first advisor/teacher/guru that you like or reaffirm what you were already thinking.
Who hasn't started watching a video because of its title? o Who hasn't rejected a video because of its title?
It doesn't matter if you like someone better or worse, it doesn't matter if someone thinks completely different than you. What matters is your personal growth and that the opportunity you did not have or missed to learn and train is in front of you.
Soak up information, use the confirmation bias, and repeat. When you have spent time, you will be selecting your sources of information with much more success because each time you will have more knowledge, rather, understanding of what the economy is and how the markets work. And best of all, you are in control of your decisions and at all times you will know the risk you are assuming (risk control). Please put feelings aside and don't start buying with the first investment advice you hear for fear of missing out (FOMO).
Sorry, maybe this article is not for you because you come to earn as much money as possible in the shortest possible time and you also prioritize time over quantity. Good luck with your task! Share your experience with me when you get it!
This post was also published in Publish0x by me, The Crazy Dude. If you liked follow me to see more like this!
Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"
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