Youtube videos? Steemit post? Finance people? Your mom? Banks? ... who should you trust?
In this new world of crypto currencies, everything grows exponentially. Whether it's Bitcoin price or media attention, there are many bad people with bad intentions so we must be extremely careful, especially with crypto, since it's a one way deal, CTRL-Z is not possible and we must not miss this opportunity. When money is around the corner, everyone wants their share.
I wanted to address this topic, since I find it hard sometimes to seek good information, and this is even more true when we are a beginner. A platform such as youtube gets 300 hours of new contents uploaded every minute ! Where to begin without spending months listening to videos?
I wanted to be clear that, other good information can be found elsewhere, these are just basic steps to get started. Feel free to comment below and share with everyone, where to find pertinent content for the sake of mankind !
1 - DON'T TRUST THE BANKS ! At this point, I hope you understand why you are investing into crypto. If you don't, I recommend you start by understanding what is happening in our corrupt world. Here are couple tips :
- Understand how the current banking system works (Mike Maloney explains it very well).
- Look at some of the greatest alternative media youtubers/steemit people (WeAreChange, Empire Files, World alternative media, Press for truth) just to name a few.
- Be open minded and educate yourself about international news, daily (RT).
- Stop watching TV, train yourself, go outside, play with your kids ! Do something good with your life !
2- TRUST YOURSELF, LEARN AND PRACTICE ! No videos, books, podcast or friends will tell you exactly how to invest into crypto without failure. There is no special recipe ! The best way I came up with is to educate yourself on the subject you which to learn more and give it a small try. Crypto currencies are still faily new and no one knows exactly how it will turn out. Learn how to do technical analysis and fundamental analysis. Learn from your own error and do not repeat them ! Learn and practice !
3- LOOK FOR DECENTRALIZED INFORMATIONS ! Steemit is now probably, the best platform out there to get your information. Since the birth of the internet, we have now shared our ideas easily without having a third party. Youtube still has a huge role can still find good information, however, most youtubers are running away from it. Here are some example of youtubers giving pertinent information about cryptos :
- Crypto Investor (analysis for bitcoin and altcoins)
- David Hay (general information for bitcoin and altcoins)
- iGold Advisor (analysis for precious metals and bitcoin)
- tmarbut (for good information about Hashflare)
4- BE CRITICAL ! Ask yourself questions and check your assumptions ! Never let assumptions, FOMO or FUD drives you.
I hope you enjoy this post ! It is my first ever, so please be kind and let me know informative comments. As mentioned earlier, also feel free to provide helpful information in the comment section below !