THE FIVE CRYPTO SECRET RULES
1 BE WARY OF INFLUENCERS
Anyone who has been in crypto for more than six months will likely be aware of the first rule. Many of you will have been wrecked by a big YouTube influencer, who shilled you some random altcoin. You were told it would x100, you aped in & now it’s down 80%. Don’t be embarrassed or ashamed of this. To tell you the truth the same happened to me. It was the best thing that ever happened to me. It taught me to do my research, think for myself & find good people to teach me.
Yes, there are good people in this crypto game (I’ll share some at the bottom of this article) but you need to understand many are not your friend & they don’t care about your bags. The problem is much bigger than you realize too. Many of the biggest YouTube influencers collude together in private telegram groups. They work together to hunt coins with a low market cap & volume, ones that can easily be pumped (and then dumped) in price. They work together to cut deals on new crypto projects and ensure their bags get filled before anyone else. Only to dump on their ‘fans’ down the line. Do you think it’s a confidence that MoonCarl worked with BitBoy, Crypto Banter, MM Crypto & Lark Davies to shill Kasta? I think not.
“But influencer xx is different ” I hear you cry. Well, maybe you got lucky & found a good one. Yet even then, you need to be careful. Because if the person has millions of followers on YouTube they may still invertedly pump the price, as their followers ape in. Like it or not, you need to be wary of big YouTube influencers. They aren’t your friend & they don’t care about your god damn bags.