Stay in the warm indoors and sip hot coacoa. I hate the cold. And the only thing I hate more than the cold weather is the cold hearts of scammers.
'Tis the season for scammers to come. In the next coming months, we're gonna see a slew of websites, apps, EFTS, alt coins, and other programs that are designed to steal from your wallet (and your clock), taking your time and hard earned cash.
Last week, I went over how to spot red flags on these scam sites and apps and one of the reasons I did that is because well...winter is coming.
One of the biggest mainstream scams is of course Black Friday. I'll tell you what about Black Friday, there's more hype about the deals than the deals are actually worth.
People will get excited about anything. Go run in a store and scream excitedly about how adult diapers are so super cheap! Guarantee you a mob will run over to grab that deal.
People just get in a mode of "getting a good deal" that they shoot out any sort of rationality or logic, like rationally, the deals are no better than the normal discounts that stores offer throughout the year.
But on top of these over-hyped sales at big retailers like Amazon, Wal-Mart, and Best Buy, you're also going to see these investment gimmicks and "innovative" start ups seemingly appear out of no where, like a magical snowman from a hat.
Do your research. Look at who's behind the project, what experience do they have, what successful other projects have they been a part of, before shelling out your dough.
I mean it. People are desperate now to get any sort of extra holiday spending money, so a lot of these new tokens you see on the Ethereum network or pennystock IPOs are going to be complete trash.
The other snowfall of winter happens in the markets as a whole. Prepare for the stock and crypto market to slide down that hill in a one horse open sleigh.
Around this time of year, there's usually a dip in share and coin prices. But don't panic. Don't worry. it happens.
It'll recover around spring time again.
I always see it as the "real" Black Friday sale, like "Yay crypto is on sale! Dividends are on sale!"
Worst you can do is invest with your emotions. Invest with your money instead. Don't follow the hype train of selling shares (and coins) in order to buy deals of shit you don't even really want to buy anyway.
Just relax man, and let your money hibernate. Do the lazy thing.
Stay safe this season. Stay warm. Oh and stay classy too.
Read the Full Transcript/Blog: http://www.procrastin8r.com/blog/winter
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