Use your head instead of following blindly influencers
Hi,
today we experienced another phase why the humanity did not reach Mars yet. Sometimes I feel like in a movie where a president is a guy that is called Camacho.
So, what happened today? Elon Musk tweeted that there will be a MarsCoin as a reference of a currency when humanity will settle on Mars. Right after that, one obscure coin named MarsCoin exploded with almost 1000% growth.
The same new influencer tweeted about a messaging app called Signal and the shares of a company called Signal mooned.
We had the GME story, which happened after the WSB pump and left a lot of people with overpriced stock in the portfolio. Yes GME is a shit stock and would be a shit token if it would be a crypto. There are people still holding it, expecting a recovery. If it would not be another pump&dump, this company will never recover as they've missed the train to reinvent themselves.
We had the past weeks the dump on Doge. No reason why to buy such a coin and hold it. Because of the tweets, people rushed into it like crazy. What happened? Well, it reached a peak and fell. I've seen a lot of tweets saying that they've lost money on Doge. This is the price for stupiditynaivity.
Most of the influencers don't earn the crypto by holding and believing it, but by pumping it to the masses and dumping it, so do your own research on this!
I would recommend each one to read at least half an hour on the project before rushing into it. That is it, 30 minutes is an easy read and can help you avoid losing money.
But in this there can be an opportunity, as Elon is the new McAfee with the daily pumps, one can try to buy fast into a coin after the tweet and dump it in maximum 10-15 minutes. This can bring a lot of profit if it is done fast. In 2017 there have been bots build for the tweets of McAfee. I know that at the start I was doing some good money on pumping and dumping, but after 10-11 tweets I was losing money, as I was not as fast as those bots.
This is not a financial tip, as I'm not an expert, not to forget to mention this, and most of this influencers aren't either.
The best financial tips, I've found in here, @trumpman, @khaleelkazi and many others have presented good tokens, like AVA, RUNE, etc that if acquired at the right time would have brought a lot of return till now.
Also, this information needs to be checked, but it is more sound than some tweets and youtube videos.
Just your head!
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https://twitter.com/Alex_van_Munich/status/1362155126463553544
I agree we need to stop making a CEO of a rocket company into an iconoclast. The red carpet they give him will be a joke in space.
Well, I think a lot of things are overrated, especially the value of Tesla. Tesla sold 500k cars last year, VW sold 135k electrical ones (petrol/diesel not included) and has a valuation 10 times lower than Tesla. Let's see what the future brings. :)
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VW also lied to the North American regulators about their emissions and highway fuel economy, I personally love the VW brand, but others will not forgive them for that lie probably ever.
That is true, it was only an example to compare market valuation. Toyota is doing even better and has a close valuation to VW. The valuation is somehow strange.
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I try to only buy vehicles made in Canada. I don't want to do myself too bad with my personal vehicle on here, but I really appreciate this
video
and do not have a specific loyalty to brand.
I'm in the automotive field, and we ship parts for Canada (FCA, Ford, Honda and GM) that are partly made in Germany than shipped and made in the Czech Republic. Some raw material was made in the UK before, but due to Brexit was relocated to France, some part of the metal comes from Chile and some from Australia and this for some small parts that go into every car. A Mini had 2500 different assemblies coming from 150 countries.
It does not matter the final assembly but the expensive subassemblies in the car. If the transmission and airbags are done on a local level, then most of the money remains in there.
Like for an Iphone, even if it assembled in China most money goes to Japan, Germany and the USA.
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I wouldn’t go shorting MarsCoin...
:)))
But GME?
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The difference between Elon and McAfee is that the later doesn't charge anyone for his shillings. That Marscoin pump was pure luck.
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That is till now true. It was the best business to pay for a Tweet back then. Marscoin, Signal, Doge... we shall tell him to shill Hive. Would be the best option also for him. :)
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CEO' are not the center of the universe, but the "problem" is... They have power and this means a lot. However, there are many people with great ideas and who do not believe in themselves for many reasons (which is quite sad).
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Sadly yes, the Dunning Kruger effect is omnipresent. The ones with great ideas might need some push or a success story behind to go for it.
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Humans are strange: they insist that they want to think for themselves, that they are unique individuals. But on the other hand they tend to follow others. Which is not wrong per se - using other people's knowledge and experiences to form your own opinions works quite well. But only if you don't listen to one person, one opinion but instead to several, and use your brain to work through that. Perhaps we're too lazy ;)
Exactly, responsibility of choice is real tough :)
Thank you for dropping by.
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This does seem like the work of bots, which identified 'MarsCoin' in his tweet, saw it existed and started to buy like crazy.
But it had no relation with context, because he didn't refer to an existing coin but a future one.
That's the first filter a human who pays attention would have noticed.
Never mind research, that would be a second phase, after filtering out the obvious.
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I know guys who tweeted about how awesome that they've bought into it as Elon is promoting it :))
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There are always people behaving like bots. More and more...
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Oh, yes... If you see some "influencer" shilling some low cap coin, it's like a 100% pump scheme and you will lose money... There are exceptions, of course, but it's not that hard to recognize fake "experts"... When there is a pump, they are first to talk... when there is a bear market, you can't find them anywhere...
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Well, there is this saying, fake it, till you make it. With the right image and the right niche, anyone can become and influencer.
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I don't believe in that saying at all... You can do it like that, but sooner or later, people will see through you... Maybe it can work in a short term, but I doubt it can for the long term...
But, it all depends on your "business strategy"... There are always sheep outside...
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There are some gurus presented that everyone preach, but they've made more money from books and classes rather than from what they preach. One Robert is famous for that ;)
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You know, I usually like to only invest in tokens that I believe in. Ones that I have researched and I feel have a really good use case. Just once though it sure would be nice to be on the right side of a pump and dump. :)
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I know, as I've seen you presenting tokens during this time. You will be, just it takes time to hit the jackpot. :)
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You are right that is why I always do personal research and sleep on the idea before investing in crypto
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It is a must as it is increasing our chances of success.
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