A Note About Crypto Influencers
Plus, brace yourself for the fall
They’re everywhere.
Crypto “influencers” abound in this space. You see them uploading dramatic YouTube videos with exclamations in the titles. They’re on Twitter making endless prognostications about price and urging you to buy. They have a certain hyped up energy that could only come from too many Monster energy drinks. They’re always talking about the next all-time-high and insisting we have just started in this space.
They have their place.
But beware—not all of these influencers are legit. In fact, many are not. Some haven’t invested as much money as they would have you believe. Others have secret sweetheart deals with this crypto project or that one, deals they fail to disclose with their viewers and followers. A few are outright scammers.
I’m not saying all these folks are bad. Just some.
So be careful about who you are following out there—that’s especially true during a tough crypto market like the one we are currently experiencing. You don’t need someone to lead you down the primrose path only to stick you with thorns.
Meanwhile…
Times are tough out there.
You see it, you know it. As I’m writing this, we are a few hours away from the opening of Wall Street, and there is a almost a guarantee that the day will be bloody, harsh, and raw. Expect a big selloff, and it might continue through this week.
Maybe even this month.
Vladimir Putin’s announcement formally recognizing two breakaway areas of Ukraine sent shudders across the world yesterday, and for good reason. He turned up the heat on a conflict that has brewed for the last eight years. Remember Crimea?
I don’t know what effect this will have—but I know there will be consequences, and they won’t just be military ones. Things are about to be painful. Fear hurts, and there is plenty of it around right now. Lots of people are getting drunk on it.
Do your best to stay the course. Stay sober. Remain calm. Make decisions based on facts, and that always includes investing decisions. If it makes sense to pull back, then do so. If it makes sense to wait, then do that. If it makes sense to sell, that’s okay too.
Do what is best for you and your family.
Together, we’ll make it through this. There is another side; there always is.
Finally…
Some say the next big bitcoin price halving won’t happen until 2024.
A different analyst says Bitcoin will be stuck in a bear market until 2025. Nobody has a crystal ball.
Finally—don’t forget about Friday! We’d love to see you! See below:
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.