TIL someone did a study on "crypto influencers" and found following their advice is terrible

I'm just surprised someone found this worth a study

The best advice is: Dollar-cost average in and Dollar-cost average out and don't follow the token picks of crypto influencers

source:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4412017

“You can copy someone trades but you can’t copy their conviction”. This hit me a few episodes back. 

The next challenge is having the self awareness to know when you’re building conviction by listening to someone smarter vs subjecting yourself to the influence of someone who’s trying to rug you.

Dollar cost average out? You actually sold something??

sound advice! deserves a tip

10 $degen

is this how you do them 🤔

List of the top "crypto influencers" from the study.