Another Word of Caution

| November 28, 2018
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Last year at Thanksgiving, most were talking about Bitcoin and cryptocurrencies.

This year – not so much!

Here is a stark reminder in a recent article from Reuters in regards to where you are getting your recommendations and how those making the recommendations are being compensated:

There are now at least 2,094 unique cryptocurrencies and lots of dumb money wants to play that lottery and needs to know where to throw that dough. To help them, lots of crypto reviewers, personalities and presenters are here to direct them to only the most viable and promising investments. Unless they have been bribed, which is hella common. For instance, crypto company Hacken reached out to 200 such social media figures and paid one $7,500 to hype it up on his 500,000 subscriber YouTube channel without disclosure and while suggesting four-figure returns. Within four days, their coin was up 14 percent to $1.54 per coin. Since that under-the-table boost, the coin has since fallen over 75 percent to 36 cents.

 

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

 

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