In a bull market, everyone's a PRO!
“I told you to buy X when it was at Y price, did you buy? If you had bought you should be up 100X”. This is what a person with thousands of followers will show you, and they will have their followers agreeing and making them feel superior because of that. All of a sudden they start feeling like they are PROs they know everything, thereby misleading their followers. This is the reason I don’t take certain advises from them, their tweet helps bring exposure which gets my attention, I do my research after then.
Source
Too much information can lead to indecisiveness, I have realised that some of my biggest profits were gotten from actions I didn’t overthink, those were actions I took blindly without thinking about the consequences but got surprised by the result. For instance I used $120 to blindly buy the presale of Redbelly and got over $1k in value. If I over thought it and convinced myself not to buy it, I would have lost the chance to make that. That’s how it feels when you have too much information sometimes.
This is the reason we don’t judge how much people have made from crypto based on how long they have been in crypto, because a newbie who luckily bought the right tokens, coins and NFTs at the right time made lots of money that even people who have spent over 5 years of their lives in crypto haven’t made. Take actions, do your research and if your conviction is convincing enough take that step and wait for the result.