You probably know that quote from the childrens’ book Henny Penny.

Most people don’t remember the ending of that story unless they have young children or grandchildren that they have read it to recently.

And I’m not going to give it away here now.

You may also remember the story “The Boy Who Called Wolf.”

Both of these stories deal with the issue of getting the call wrong and making a big noise about it.

You may not get that the same issue arises with people who call what appear to be positive stories repeatedly.

The listeners will get the wrong impression from either scenario, which can hurt their lifestyle in one of two ways.

The negative stories impact them by causing them to take greater precautions that they might need.

The positive stories can cause them to take bigger risks than they should.

Dealing with the financial news of recent times, you could be forgiven if you believe that cryptocurrencies, Bitcoin in particular, are investments and assets to hold.

The share market is based on real companies making real products for real people and making real profits.

Well, mostly.

The share price of a company, in normal times, is based on what the market thinks is the value of that company.

Simply the capitalisation of the company divided by the number of shares gives the price of each share.

Cryptocurrencies have no intrinsic value, and they don’t exist except in someone’s digital wallet.

You can’t hold one in your hand, and you can’t buy very much with one in the real world.

At least with the Tulip Mania of 1634, you got to hold your excessively expensive tulip bulb.

If you have any cryptocurrency in your digital wallet, can I suggest you cash out at least the amount you put in initially, so you don’t lose it all?

It may well go to even sillier prices, but I think some of the whales are about to cash out, which will crash the market.

Regards,
Brent.

P.S.  Rather than gambling on being able to cash out when the price starts falling, perhaps a better strategy is to build something that’ll provide value for others and an income stream for you.

If you aren’t sure how to do that, my new course will help you get started https://lllpg.com/soffsp22/em.

If you happen to be a paid subscriber to 

, you can get access to this as part of your subscription.

The link for you is inside the post about making videos for free.