The blockchain industry (tcf coin machine) is growing fast, and it’s impossible to keep track of all the changes that are happening. As technology becomes more popular, the internet is becoming full of new articles with personal opinions about the changes in this space.
When faced with a choice between what someone thinks about something and what’s actually true, here are three things you should do before taking any action:
1. Make sure it’s based on data.
Every time you read about the blockchain industry, you’ll find a lack of statistics with some form of “theory.” This is usually followed by an opinion from someone in the industry, which may or may not be backed up by facts.
2. Use your own common sense.
Some money really does lie in the blockchain industry for people that can see it. If you’re not a data scientist, you probably don’t have the first clue about how to distinguish between a real trend and a false one. If someone is telling you something is likely to happen and then it doesn’t, there’s almost certainly no reason for that to be the case.
3. Trust the large financial institutions and government-sponsored research organizations.
They know things you don’t, so please listen to them on this one – they are right more than half of the time, according to their track record.
Stay away from FUD
The whole point of the blockchain industry is to create a very public, open, and transparent system that depends on the ability of everyone to work together. If you think it’s best to keep things secret because you want an advantage over other people, this industry probably isn’t for you.
Instead of trying to undermine other people with negative comments and making them lose faith in blockchain technology, stay focused on working towards improving your own skill set.
What’s a trend?
There are trends happening all the time in every sector imaginable, but not all trends can be considered good trends. A trend is basically the ongoing development of any idea, invention, or style. Technology and fashion are both trends, but nothing else is without a strong foundation. If you’re making money from a sector because you think it’s going to be “the next big thing” in blockchain and then it turns out to be just another fad, you could wind up losing all your money on something that wasn’t real.
If someone is trying to tell you that blockchain technology is the next step in our evolution as human beings and then they mention Bitcoin or some other well-known cryptocurrency, they are probably introducing an opinion with no research behind it. It is possible that Bitcoin did lead to blockchain technology, but it’s also possible that many other things led to the birth of Bitcoin.
Just because everyone else in your company believes in some new trend and they know more than you do about this particular industry doesn’t mean it’s a good idea. If something you haven’t studied appears to be a great money-making opportunity, there’s almost always an alternate explanation for why someone made money from a specific investment – they were just lucky. It’s much better to use your own common sense than rely on someone else’s personal opinion.
4. Location, location, location
If someone is trying to tell you that a particular blockchain company has the best technology in the world and it’s worth investing in, there’s probably a good reason why they are making this claim – they want you to give them money.
The reason they don’t have any research or statistics to back up their opinion is because it’s just an opinion – everybody has opinions. In this case, they are simply trying to find ways to make themselves look better than other people by telling them what they want to hear.
5. The easiest way to find the truth.
The most foolproof way to check if something is true or false is by looking at the facts. If you’re making a decision about investing in a particular blockchain company, use Google and see what other market experts are saying about their products and services. There’s an element of research that goes into every decision, so it’s better to make investment decisions based on facts rather than opinions.
6. blockchain-related data
There’s nothing wrong with reading other people’s opinions about the blockchain industry, but be careful when someone is trying to sell you something through their personal opinions.
If you’re looking for any news about the blockchain industry, there are thousands of information sources. You may want to consider not searching for news out of the mainstream media, but look at independent sources from major publications such as Forbes and Inc.
7. Stay away from FUD
The whole point of the blockchain industry is to create a very public, open, and transparent system that depends on the ability of everyone to work together. If you think it’s best to keep things secret because you want an advantage over other people, this industry probably isn’t for you.
