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Focusing on signals (when buy or sell) instead of understanding crypto will Rekt your portfolio.

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@onwugbenuvictor
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2 min read

Sometimes we are our own worst enemy in this crypto space, so many people are getting into crypto with the notice of becoming a billionaire or millionaire overnight without putting work or putting in much work, thinking that crypto is a get rich quick scheme, so instead of getting a good crypto education before they start trading, they would always want to skip that part and go into the making money part, which is very dangerous and reckless in my opinion, because they now spend the time they were supposed to use and learn how crypto works before they start earning to hurt for crypto signal groups because they are more focused on when to buy and when to sell than actually understanding crypto and how crypto works.

How I Feel About Crypto Signals

These signal stuff thingies of when to buy and when to sell can rekt your portfolio within a blink of an eye because they are so many somethings at play here that you are not seeing, things like how well does the person sharing the signals know crypto, how much time did the person put in to research about the supposed coin to buy or sell, is the person even a profitable trade or just tell he or she is without genuine proof that they are actually profitable because anyone can come up with proof of someone else's trades and tell you that is their trade history, how much to leverage e.t.c. If I continue listing things or factors that you can not tell about when it comes to getting signals this post might not end.

Now let me state the obvious, how does hurting for crypto signals help you handle a prolonged bear market situation like the one we are currently facing because you do not have any idea how crypto works, you obviously won't know anything about psychological trading which is the only thing that can keep you from getting emotional and making reckless decisions that will ruin your trading portfolio or portfolios. so know my opinion may not count to you but it is more advisable that we get a well-detailed crypto education before starting or even thinking about trading.

THANKS GUYS FOR READING MY POST.

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