12-17-2021, 12:45 AM
One big lesson I've learned about crypto and cost me a lot of money to learn
<!-- SC_OFF --><div class="md"><p><strong>In 99% of the cases, if there's a "major announcement" about a coin coming, this will probably do nothing for the price or, in some cases will even make it go lower.</strong></p> <p>Unfortunately, "buy the rumor sell the news" is how it usually works.</p> <p>Personally, it took me a few disappointments to stop expecting anything from announcements.</p> <p>I think the most painful one was the Cardano smart contracts. Everything about the announcement seemed legit: It's not a shitcoin, Smart contracts are a thing and there was a lot of hype. And as soon as it went live, the price tanked.</p> <p><strong>L</strong>esson learned? Nope.</p> <p>Next was me just being stupid and believing the rumor where someone found SHIB in Tesla's source code and spread the rumor about them adding SHIB as a payment option. Nope.</p> <p><strong>R</strong>eally though, that was my stupidity.</p> <p>The third time was Matic. I do believe in the coin and think it's great, but I once again bought close to the announcement (at the ZK roll ups summit)</p> <p><strong>C</strong>learly, it tanked.</p> <p>Anyway, don't believe in rumors and hype, just stick to your usual crypto plan.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Qtredit"> /u/Qtredit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rhn64h/one_big_lesson_ive_learned_about_crypto_and_cost/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rhn64h/one_big_lesson_ive_learned_about_crypto_and_cost/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p><strong>In 99% of the cases, if there's a "major announcement" about a coin coming, this will probably do nothing for the price or, in some cases will even make it go lower.</strong></p> <p>Unfortunately, "buy the rumor sell the news" is how it usually works.</p> <p>Personally, it took me a few disappointments to stop expecting anything from announcements.</p> <p>I think the most painful one was the Cardano smart contracts. Everything about the announcement seemed legit: It's not a shitcoin, Smart contracts are a thing and there was a lot of hype. And as soon as it went live, the price tanked.</p> <p><strong>L</strong>esson learned? Nope.</p> <p>Next was me just being stupid and believing the rumor where someone found SHIB in Tesla's source code and spread the rumor about them adding SHIB as a payment option. Nope.</p> <p><strong>R</strong>eally though, that was my stupidity.</p> <p>The third time was Matic. I do believe in the coin and think it's great, but I once again bought close to the announcement (at the ZK roll ups summit)</p> <p><strong>C</strong>learly, it tanked.</p> <p>Anyway, don't believe in rumors and hype, just stick to your usual crypto plan.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Qtredit"> /u/Qtredit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rhn64h/one_big_lesson_ive_learned_about_crypto_and_cost/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rhn64h/one_big_lesson_ive_learned_about_crypto_and_cost/">[comments]</a></span>Kind Regards R