Captain Obvious to the Rescue! Why We Don’t Have to Listen to Influencers When Investing in Cryptocurrency.

Captain Obvious advice!

As we all know celebrities have a lot of influence on public opinion and their statements can manipulate people.

1. They are not financial experts: Being famous doesn’t mean that they are experts in finance or investing. They could have access to financial advisors but they are still not qualified to give investment advice.
2. Their motivations may be different: They may be looking to make quick profit promoting an specific coin or project to make them gain. Always remember that other peoples interests may not be aligned with yours. So following their advice could make you lose money.
3. They may have insider information: When you are rich or famous new doors opens so they can have access to privileged information so they can play with that.
4. Their words are powerful and can manipulate the market: Clear example about this is Elon with his stupid tweets. This people use this to generate FOMO and again try to make them gain.

Always Do Your Own Research and NEVER take other people advice or words seriously without the proper DYOR and always ask yourself WHY are they saying that?

TLDR; Don’t trust anyone and always ask yourself WHY

Be safe!

P.S. This post has NOT been created by an AI.

Captain Obvious