Please be careful in the current volatile market

Having observed this sub for a few days, I would like to point out to all newcomers five things:Most of us here, myself included, hold some bitcoin, and thus are incentivised to convince others to buy and hold, because that pushes the price up. And so: do not naively believe advice you receive here.The same is true of famous people like the Winklevosses, funds trying to sell bitcoin products to other investors, etc.Especially, be careful of the current high prices. BTC has only been above $13k for a couple of months now. Think about whether you want to be stuck at prices less than you bought for for months or years.The more exuberant everyone becomes, the higher the price forecasts. A few days ago, punters were claiming $300k is possible, now you hear $1mn, etc. Do not believe this self-serving hype for the reasons I outlined in my first two points. No one knows what's going to happen. If anyone was absolutely sure the price would go that high, it would not be whipping around at $19k because they'd be buying everything.For the same reasons, don't let anyone here convince you that contrarian views about bitcoin are invalid. If you want to invest, you have to look at all sources of information about future prices and make up your own mind by evaluating the arguments. Be careful of falling into the trap of only listening to sources saying things that you want to believe (for example, because you want to become a millionaire without working for it; not judging - I'm in the same boat). This idea of considering who has a vested interest and who does not is an important criterion when evaluating people's views.Please everyone else stay calm. I'm not saying BTC is a scam or whatever. I'm just telling people arriving at this sub not to trust you, for reasons you can't argue against: your vested interest. That is a fact, not a speculation about the current or future state of bitcoin. I genuinely hope we all make a ton of money, but I don't want it to be on the backs of marginally informed people being suckered into buying at record prices. via /r/Bitcoin https://bit.ly/36pLUBj