On 27 April, right here on this platform, I published an article stating that I started to see warning signs that BTC, with prices at $39,300 was going to be pushed back to $35,000. I provided this warning, one that has since manifested in the following days, with the benefit of tactics discussed in the above podcast to predict such price movements.
Just as important as informing people when to buy assets, is informing people when they should not buy. Most finance “gurus” fail miserably in the latter part of their duties to their followers. There are three essential rules to identify the fakers from those whose guidance will likely be solid the majority of the time. One of these three essential rules is as follows:
1) Stop listening to gurus and experts solely because they have hundreds of thousands to millions of followers. Being an awesome saleseman and having a team that consistently enables you to appear on media shows with huge followings is more likely an indication that your narrative follows the talking points of those in charge, and therefore, is not a truthful narrative that will actually help anyone. I’ve never observed the mass media allow a financial analyst that consistently spoke the truth continue to make multiple mass media appearances every year. So the first sign you’re listening to the wrong person for financial information and analysis is if millions of others are listening to this person on mass media channels.
No matter the popularity or prominence of an analyst that constantly makes media appearance, if he or she continually provides no warning of big dumps in asset prices before they happen, continually makes predictions of higher asset prices that rarely manifest and cause you losses, and can’t even influence asset prices in the direction of their predictions when they have millions of blind followers acting on their poor advice, then for the sake of your own financial health, stop waiting on every statement he or she issues with bated breath.
