That thread suggested, something grand will happen with bitcoin by the end of the week. The fact is, it didn't, it happened a few days after and that, after a dip. So think about it.. there are people that probably invested based on that piece of information, and fiated on the dip loosing, while others gained and pumped up the market.
I don't try to be negative here, but there are many scenarios with crypto and there are not always positive.
If you think about crypto in term of jumping on it and making big money, you are doing the same as people hundreds of years ago turning to dig gold. Some made it big, some died, some just went by with scratches.
If you have knowledge and can piece together facts on financial markets, world news, investments or fails around the world, you may be able to predict some trends.
If you are just listening to gossip on the net, stay away from crypto. There are groups of people or whales, having huge investments in, that can rock the boat. You will invest based on gossip and loose, they will know how to rock up the price and when to pull out with a win.
If you are a daily gambler, you will sell on highs and buy on lows, trying to make marginal profit day after day.
If you put your money into it and revisit in 10-20 years, yeah, you probably will be good on with a nice return. Since 4-5 years bitcoin went from 4k to 66k as of today. Just stick to a stable coin, look up ICO's with good foundations or something with big players backing it.
There are plenty of telegram groups, where people rise their hopes and spread info or gossip.
Alternatively you can learn to analyse financial trends and read news.
I don't know if that helps anybody, but I wanted to keep it real for you all.
Well said. Tax implications for the novice day trader types can be gruesome. But, you know, everyone's a genius. Just like I was during the Dot.Com debacle.