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Don't take the advice of someone who can't prove their own success.

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by COINS NEWS 158 Views

The problem with Internet Anonymity is that its created an epidemic of unchallenged "experts". And instead of confronting it we've started to embrace them.

Youtube, Twitter and places like WallStreetBets for example have rewarded this type of lying to the point where every single person is now a Lawyer, a Hedge Fund Manager, a Banker, an Economist and so on.

But it's never that harmless. As we know from watching, WallStreetBets has ruined the lives of tens of thousands of people. On a daily basis we see people quite literally losing their entire savings based on the advice of self-proclaimed Hedge Fund Billionaire 'xXDiamondhandzz37Xx'.

Over the last while this has become a major problem in Crypto spaces as well. Almost every day you see charlatans on Youtube, Twitter, Reddit, lying about being Crypto experts. And almost every day someone gets tricked by these guys.

Here are some simple things everyone should understand before they someone else's advice:

  1. Experts don't use Reddit. 99% People who use Reddit are neither experts nor successful.

  2. Experts don't share their secrets

  3. If an "expert" can't give you proof then they're lying.

  4. If it sounds like common sense, it is common sense. If you say to yourself "anyone could have told me that", then yes, anyone could have told you that.

submitted by /u/PensiveGaryBusey
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