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Word of advice: read the skeptic news too.

There’s a huge problem with this sub (and cryptosphere in general) and it’s called ecochamber. If you’ve been on this sub long enough, you know what 90% of the front page will look like;

Crypto Analyst says bitcoin will be $100k/$300k/$1m/$10m” “Ethereum is the future” “Tron is a scam!!” “Binance is a scam!!” “Tesla is amazing Elon Musk is amazing!” “Greyscale/Saylor just bought x BTC! BULLISH!!”

You’ll never be fully informed if you only read news confirming your bias. Whether your bias is negative or positive.

-You hold ADA and think it’s the next ethereum? Read this https://twitter.com/CardanoBits/status/1378829738291171328

A small NFT sale on ada caused light wallets to not sync. Network couldn’t handle it. Might not be a problem, but you have to read against your bias.

-You think tron is a shitcoin scam that no one uses? If you read a bit you’ll see that most of stablecoins transactions between exchanges are done via the tron network, why? because right now transferring USDT using ethereum will cost you $20 in fees. Using tron will cost you 0$ in fees. You see how there would be a genuine demand for tron no?

-You love Saylor and think he’s the crypto messiah? Watch this: https://twitter.com/insiliconot/status/1378207883960139776

He says “BTC moves at the speed of light and can do a million tx per second”

Maybe he’s just like any other salesman who just jumps at the latest train to make a quick (billion)buck and has no idea about the tech. Actually in 2013 he said Bitcoin will go to zero.

TLDR: My advice for you is to read and actually seek out news against your bias. You hold btc/eth/ada/xrp/tron? Argue against your coins, find their flaws and if you still believe in them, hold them.



View Reddit by jonbristowView Source

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16 Comments

  1. I actually subscribe to /r/buttcoin for this exact reason. I noticed myself get really defensive when I saw some people talking bad about Cryptocurrency in a random Reddit thread, so I vowed to make sure to understand their side more so I don’t put myself in a bubble.

  2. Well said. Although in my opinion it’s not that easy these days to find “negative” news about most cryptos.
    One has to really pay attention and sometimes dig for them.

    It’s all roses and rainbows in a bull market, until the rain comes and it’s all gone.

  3. What you wrote on ADA isn’t true.. nothing happend to the network. The problem was with light wallets like Yoroi (dependant on Emurgo servers) while Daedalus wallet which functions as a node worked great…

    Other than that, I agree with the general idea that post tries to convey

  4. The moment I see a project that catches my eye whether it’s news or price action – I immediately look for a sound bear case. Positivity and confirmation bias has its place for sure, but that’s always easy to find.

  5. Before I make any investment, stocks or crypto, I make sure I see the downside too. If you can’t tell someone why you might be wrong, you haven’t done enough research.

  6. This is important advice. You should always seek out (atleast some) negative views if you are invested in something. Look into the validity of the claimed negatives with an open mind.

    You’re not getting the full picture if you are unable to see both sides.

  7. > A small NFT sale on ada caused light wallets to not sync. Network couldn’t handle it. Might not be a problem, but you have to read against your bias.

    Bwahahahahahahaahahahahah

    ahahahahahaahahahahahah

    What a quality project lol

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