Tweets and Investments?

in #leofinance2 months ago

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I see that a tweet from someone like Elon Musk can help in spiking the prices of a coin, of course I am talking of Dogecoin.

I think it's just a non sense to go invest in something which has only been mentioned in a tweet. Why not do your own research and convince yourself investing in something?

I am not against Dogecoin but it doesn't mean that if it's mentioned by a billionaire in his tweet then we should invest in it.

Crypto market is a huge market, you have plenty of other cryptos who are doing well, why not go study it and then take the decision of investing after a thorough research.

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I have when people follow someone blindly. A tweet from a famous persons drives traffic to a coin that was created out of joke. People need to understand that they are being manipulated now.
Do you own research before investing in anything or you will end up loosing your money. This will very the ecosystem in the end.

Well I guess people are just drawn to the idea of making quick money, so the quicker the better, which is not always right as most make mistakes they later regret. Everyone should be responsible for their financial decisions

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