Last year I began some small investments into Bitcoin and some Altcoins, and before I did so I went online and tried to seek out as much information as I possibly could. Much of the advice which lead me to take the decision to invest, came from the brilliant Steve Fisackerly. Now in the case of Steven I have watched him for many years and I have heard from fellow investors and money experts, who have all spoken highly of the man. Whilst I was able to confidently trust that advice, there is an awful lot of advice online, much of it is conflicting, so how do you know which advice to trust, and which advice not to trust? Let’s take a look.
Always Fact Check
Even though I trusted what Steven was saying implicitly, I still went away and fact checked and cross referenced some of the stuff which he was talking about. To go and invest your hard earned money based on nothing more than someone’s word, that is advice which I would never be looking for and nor should you. Advice is exactly that, comments which advise, not dictate. And so when you do find some advice online, do some checks on what has been said to see if you concur.
Background Check The Individual
We live in a world where it is easier to find out information on someone than ever before. With this in mind it really makes sense to check out the individual and discover a little more about them. If this is the first time that you are seeing anything from this person then it makes perfect sense that you check out who they are and what they do, before you plan on listening to anything which they have to say.
Take Both Sides
In reality the best thing that you can do when it comes to finding advice online is to look at conflicting arguments. Watching two intelligent and knowledgeable people making conflicting cases is a great way for you to learn more about the subject and then make up your own mind as to what you want to do. Again this was something which I did when I invested in crypto, as I wanted someone to tell me why it wasn’t as good an investment as everyone said it was. I found what I was looking for, weighed it up and eventually decided that I would go with my gut and buy. The point here is that you should always keep an eye on both sides of the story.
If you are watching social media and getting the advice from there then a good indication on the validity of what they are saying can often be found in the comments section. This is not a recipe for success every time of course, but it can give you a very good indication as to what the general reaction is to what is being said.