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Why I Don’t Listen to Others Investing Advice and Why You Shouldn’t Either
Bitcoin just tripled last night! I just made $150,000 last week. If this is something that you have heard from a friend or in the news lately, you’re not alone. It seems the number of overnight millionaires is increasing more every day and that’s not a good thing. It is great for someone to risk their life savings on a non-existent currency, but for people making this much money means the market is volatile and that can be a big sign for a market crash.
More often than seeing millionaires pop up overnight is people on the internet or in person telling me where I should invest my money. And I don’t ever listen to them, let me explain.
I want to start by stating if you are just entering the world of investing. Networking and talking to other people about their thoughts on things will help you tons. Investing alone with no other opinions on a stock or currency isn’t the best investing advice. But you should never blindly invest in something someone tells you to. These conversations are meant for you to hear someone else’s take on a stock. Not telling each other how to get rich overnight. Because nobody can predict the market perfectly, but there are some people out there that know how to predict relatively accurately. Now that I got that over with, let’s dive into why I don’t.
