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What is a Crypto Expert?

June 7, 2023

The term "crypto expert" seems to be thrown around a lot these days. For a nascent and niche sector it doesn't take much time or accomplishments to stand out as a leading authority on the subject. If you are just looking to learn then you can take what these "experts" say with a grain of salt. But if you are looking to invest in Digital Assets, you must use extreme discretion. Don't be so quick to trust any person you see on Twitter touting 10000% returns on their altcoin strategy. If you are looking to Digital Assets as an investment you need to consult with an investing professional. These people will have general securities licenses and will be bound by strict regulatory guidelines that prevent them from making overzealous claims of future investment performance. Until there is more regulatory clarity on the space it would be best to only trust individuals licensed by FINRA. A good starting point is to look up a potential crypto manager on Brokercheck. Verify they are licensed and have never had any disputes against them. Absent a respected regulatory body to keep bad actors in check, participants will have to rely on the legacy system for now. But remember even if someone is licensed, what they say is not gospel. If something sounds too good to be true, it probably is.

a crypto expert may make claims of trading prowess but chances are they lose more than they make

Render Token - The Future or a Fad?

May 26, 2023

Render Token has been the recipient of AI hype, appreciating more than 500% since the beginning of the year. the idea behind Render is that people can lend their idle GPUs for Rendering projects. The token would be used to rent the processing power and would also be used to pay out those who lent their GPUs to the protocol. So far the hype has outgrown the utility as the platform has few users. That has not stopped people from speculating on the price. Whether this project has any staying power remains to be seen. While the FOMO is strong with this token, we would advise staying away until there is actual mainstream adoption of the service.

Render logo on DAIM website

Pepe Coin - Don't let these memes be your dreams

May 26, 2023

The Pepe meme craze captivated the crypto space for a few weeks in April and May. Don't let the stories of immense wealth creation cloud your judgment. Profiting off these projects is similar to winning the lotto. You may hear one or two success stories but you won't know about the thousands to millions of people who lost money trying to chase recent performance.

This is a picture of the pepe meme. DAIM advises not to invest in meme cryptos

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