Don't trust billionaires and hedge fund managers

I've thrown away a ton of cash in the past trying to trade based on what hedge fund managers and wealthy guys say online, but I've finally wised up. It's frustrating to watch my friends fall into the same trap even after I warned them. They say I'm not smarter than these big shots, but honestly, has anyone ever really made a solid trade listening to what these folks are pushing online? Feel free to correct me, but Tom Lee has been shouting about Ethereum hitting 15,000 to 25,000 by December, and some of my friends took a huge risk on that. Now this guy has changed his tune and it's worse than I thought. He’s now claiming Ethereum will only hit 4,000 by January 2025, completely shifting from his previous predictions. Glad my friend pointed this out to me. This is how people like Tom Lee and Cathie Wood operate. They’re not clueless; they're actually clever, and all this hype is just a way to get you to invest in their ETFs.

Why would you listen to anyone let alone hedge fund managers to make a trade? Tom Lee and whoever it is talking somewhere has only one goal, attract views. The more ridiculous they go, the more they make it to the headlines and attract viewers. That’s just another side business for them. Just like how youtubers do it. They don’t give a shit if the viewers are learning something or the info they give is accurate. As long as they make you watch their content, they are winning. Smarten up

People like this only offer speculation about future prices, so it would be ridiculous to base your investment decisions on their advice.Their intentions are clear. they want to make money from the market, just like everyone else. But they also aim to manipulate the market for their own benefit. They understand that people often act out of fear or pressure. Because of this, they simply pick a promising project and promote it heavily. Even a simple mention of a coin on their social media is enough to make many people hurriedly invest, and this demand drives the price up.But remember, the market doesn't always behave as we expect. It has its own direction, like the wind, it moves when it's ready.

That's why it's important to take note of the warning that says, "No body can guarantee you the price of any cryptocurrency" Even millionaire can not, tho they might have made profit from the market but they also made wrong calls at some point that they must have not shared with anyone but only kept it away. Before you follow what this people are saying, also remember that they can be wrong because they are not magician, therefore you have to do your research properly based in facts and not just taking any prediction birthday by the emotions of someone.

They said "You are not smarter than these people", but do your friends know that these same people capitalize on those that they're smarter than?, well I guess they may never know. I personally don't have any issues with people making speculations on prices of random Cryptocurrencies or Bitcoin. Of course, everyone is allowed to do that, but the choice to believe or trust now lies in the hands of others. Being smart does not have anything to do with making accurate predictions. Anyone can make predictions to either satisfy their emotions or for other purposes known to them. There is a common saying on this forum, which is...."Don't trust, but verify". Even though, predictions can not be verified, there should be a need to make a rethink and ask questions. 15K-25K per Eth?, I wonder how people even believe certain things.

I don’t think it is about trust because you don’t trust people who wants to profit from their listeners. I don’t think they go ridiculously but they go towards what people hear and may trust into them. Trusting a billionaire is ridiculous too because in like everyone else billionaire are audacious and will try to find more money from even the poorest person that will trust them.

You are speaking as if they are actually saints, they are making profits and giving masses what will favor them. Ethereum didn't do as expected in the bully even after the whole ETFs and the likes, and now when there is a sense of uncertainty it will surge. Even if it get to $4k, I'm not expecting anything new for it when it comes to it price movements. These men just want to make money and will often want influence the masses to favor themselves. While some might be having good intentions at first, people still change or a few making bad review but when it's constant with no apology then it's obviously for personal interest.

Who makes large investments only based on a prediction made by someone no matter how popular their opinions might be? One should have enough sense to make sure they are evaluating the past and the present of a coin and then make a decision, it's not like if Elon Musk says DOGE will reach $50 by February 2025 and it's actually going to happen. That might create some buying pressure and pump its price a little bit, but it's not like it's going to shape the future of that coin forever, or that he knows exactly how the market is going to react at a specific time in the future. People need to understand basic things before they make expensive decisions and then regret doing so. Also, greed is a bad thing, and someone who makes a large investment in a cryptocurrency only because they believe it is going to get them very good returns within a couple of months is actually being greedy. Otherwise, they could buy and hold Bitcoin and they wouldn't have any problems, as long as they are investors and aren't doing it out of greed.

That is why it is important to have financial principles so that you are not easily swayed by the words of wealthier people. What they say is like a game, while we invest and trade based on our needs. It is good to use them as motivation, but that does not mean that your financial fate is determined and directed by them.

Internet is full of clickbaits. If you access that kind of content on Youtube, the algorithm will bombard you with more and more videos of the same kind. One more appellative than the previous one. That is how social influencers make an income for themselves. It's not through daily trading, investments or holding cryptocurrencies. They profit from the monetization of their videos. They don't even care about providing accurate informations, as the profit will enter their pockets, anyway. What you can do is to avoid that kind of content. Don't waste your time, don't feed the speculators.

Surely the internet is a free space and can accommodate anyone to do what they like, including speculating what may or may not happen. Everyone is business minded. Of course anybody can speculate a price and encourage people to invest as an influencer, if this surly makes people to invest and increase adoption and their plan works, it surely makes them who they claim they are. That is how people become cryptocurrency influencers. Now if Tom lees prediction works as planned, he would have become a public figure, a person that speculate and it comes to pass, and people would start following him and whatever he post will gain view and likes on Instagram, Twitter, YouTube and all social media handle. That alone will fetch him money. Even you op will follow him and be checking for update.

Listening to hedge fund is your first mistake. These hedge fund protect their own fund not yours, quite the opposite they are trying to beat you in the market and come out on top. Listening on hedge fund is in itself an oxymoron if you are just another retailer trying to beat anyone else in the market. They're not here to make everyone rich, they're here to make their fund grow . Honestly if it's finance, don't listen to anyone but figure out by yourselves and through reading past experiences.

Sadly, the number of people who behave like your friend is numerous. The fact that they keep doing this even after some people call them out proves that it's quite effective to achieve their goal. I won't be surprised if the usual meme, like inverse trade or something, is also manufactured so they can reap big profits when the time is right. Nothing we can do if our friend is stubborn, only a hard lesson will change them.

Just think critically: What would they gain for telling anyone about good opportunities? Especially you, if you are just a random follower. It's not about smartness. Dumb and ignorant people can make ton of money. Intelligence / knowledge can help with that, but it can be in away of making risky investments as well. If someone is using their influence on anything, it will be about pumping their bags for exit liquidity. FUD is common technique and it will be more efficient with credibility and money that someone has. Same goes with hype. Trust your own eyes, as no one will tell you what's going to happen, because no one knows. And don't blame for others not telling you what to do.