Hey all,
I've mentioned before in previous posts that the words Cryptocurrency and Blockchain are both very hot words for discussion as of late. People are being quick to jump on the investment train, either for long term holding or in hopes to make a quick buck. Regardless of which bucket you personally fall in, it is crucial to understand how to find reliable investment advice. Sure you can draw up your own technical analyses and trade based on the charts. Sure you can read whitepapers and understand what the company is doing in the following months, but the truth of the matter is:
1,000 intelligent eyes researching and finding ideal opportunities will always win out against a single pair of eyes. Below I will list just a few ways on how to find the best of the best advice.
Look for accounts that do not spam / shill coins. While sometimes this is misinterpreted as them sharing beneficial advice, the majority of Twitter accounts exist to just make money off of your fees / ICO investments with referral rewards.
Look for accounts that have a strong following. The more people who follow, the more people who trust what they have to say.
Look for accounts that have historic value. Go through old posts and see if their advice historically benefited their followers.
Look to see who people you trust are following. Success is definitely not a solo job. Success is easily shared. If you see successful people on let's say Twitter, typically they are following people they trust to give them advice. These are people you should be following as well.
Avoid accounts that overuse #hashtags. People who use crazy amounts of hashtags are just trying to build up a following and can be seen as being too spammy. For the most part, these are accounts you should stay away from.
As always, thank you for reading my post! If you enjoyed it, please feel free to upvote and follow me for more posts like this one. Keep crushing it!
Alex