99% of crypto investing advice is wrong.

Are people deliberately trying to mislead you?

Or is it just a 4-letter “F” word that’s the culprit?

There are actually two “F” words prominent in crypto: FOMO and Fear.

FOMO - Fear of Missing Out - this happens in two steps:

Step 1 - People sharing their successes with you.

Stories of past gains (e.g. “I made a 3x return on my crypto investment!") is something they love to show off.

Stories with negative outcomes are usually omitted, because who wants to hear those?

I don’t believe your friends - or most others - want to dupe you. They just want you to experience the euphoria involved with a big monetary gain.

Step 2 - You give in and buy.

This is when the trouble starts. FOMO at this step is where it’ll cost you money.

You buy because you feel like you’re outside the doors of the club, while everyone else is inside, dancing, and having fun.

You’re not sure if you want to be in the club, and you might not even like dancing, but peer pressure makes you want what you don’t have.

At the first sign of trouble, though, you’re one of the first out the exit doors.

The price drops on your investment, and without knowing why you bought it to begin with, you’re selling at a loss.

This stems from lack of long-term conviction, and FOMO is fleeting…you’re on to the next hot thing.

Let’s say you don’t sell, though. Here’s the second “F” word that brings a challenge:

FUD - Fear, Uncertainty & Doubt

For every person hyping a project, there’s an equal amount of people saying why it’s a terrible idea.

The bear to your bull.

FUD will keep you awake at night thinking, “Did I make the wrong decision? Was I being irresponsible?”

This is why 99% of crypto investing advice is wrong.

Advice should always be customized to fit your situation: your goals, your risk-tolerance, your timeframe.

Blanket advice on crypto - or most anything, for that matter - needs a critical eye…yours.

Do your own research, and find opportunities in which you’ll have conviction.

FOMO and FUD will persist like they always have, but conviction will help you quiet their calls.

Whenever you’re ready, here's how I can help you:

I can give a presentation for your company, conference or event, educating on AI and crypto topics.

I average about a dozen presentations on all things high-tech per month, and would love to help you. I've trained major law firms, brokerage firms & wirehouses, private capital firms, as well as the U.S. Department of Justice on digital asset forensics.

Just?shoot me a LinkedIn message and let me know the topic(s) you’d like to learn.

Thanks for reading! - Spence - spencerXsmith.eth

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