We’ve all started somewhere and considering the amount of people, entering the market right all of us who have been around for some time now get all those annoying and strange questions you would probably want to avoid answering 😅. So feel free to just share this article with all your friends, who are new to crypto because in it we will cover every odd question you could possibly get.
Should I buy this? / Is it too late to buy this?
Imagine walking up to a doctor on the street and asking whether you should take this mixture or not. Obviously, he wouldn’t be able to answer, because he doesn’t even know what health conditions you have 😁. Same it is with investing into something. Even a professional can’t answer you this question without seeing your investment portfolio and understanding how good you are at managing your investments. Also keep in mind that everyone has different strategies and even if you are lucky enough to have a successful trader/investor friend by your side they won’t fit their answer into a simple “Yes” or “No” - you’ll have to chat with them for quite a bit before coming to any conclusion 😉.
Asset prices also aren’t ever-growing, so if you feel like you’ve just missed out on some coin and it is too late to invest, because the rates are going insane just do your research and find an alternative - there is always more opportunities than you think, it’s up to you whether you have the dedication to find them 🙌.
What project is the next GEM?
There is no shadow government deciding on which projects will succeed and even if there is one, none of the top traders have access to their plans - but that is a secret, so shhh 🤫.
Don’t rush and put all of your fiat savings into one highly advertised fail. Patience is key and the first step you should consider is at least buying some blue chips as $BTC, $ETH, $BNB, $ADA, $SOL, $DOT and others 🔵. A good analyst will also take their time on expertising some project due to the amount of work they have to do like reading the papers, analysing social media and maybe even searching for the previous projects from that team ⌛️. As said above, don’t expect the conclusion to look like a friendly coffee-break chat - it would probably be more similar to a coin audit rather than that.
How much money have you already made?
Don’t ask a woman her age and don’t ask a man his salary - the key rule of our world. And it also works with crypto. Firstly, it is simply not polite to ask anyone these kinds of questions, so expecting a person to kindly tell you everything about their income is absurd 🤦♂️.
Secondly, the overall profit would depend on several factors like:
- What time period are we talking about?
- Are we keeping in mind the unrealised PNL?
- What currency are we talking about? Dollar? Bitcoin? Ethereum?
Unless you don’t make your question clear, a person would hardly ever want to answer it 👀.
P.S. Still, it isn’t the best idea to ask that question at all as long as you are trying to behave as a mannered person.
For those who are looking at the crypto market as a new way of regular income and they understand the dedication that income requires it is best to try self-education first and if there are any questions left ask them afterwards. You should also keep in mind that it is much more pleasant to work with a person who shows interest, so attaching some facts or even your own idea to the question would also make answering it much easier. Another important detail is not to forget that even the most accurate and realistic signal might turn out as a catastrophe if not executed well. And always remember to be thankful to the person, who is sharing their knowledge and time with you ☺️. Stay tuned! 📻