Crypto, AI, and the Guru Syndrome What You Need to Know
How they left people hanging and how to recognize and stay away from them
Raise your hands if you remember the crypto wave. Everybody was talking about it. Blockchain, Bitcoin, this coin and that coin, Mining and a lot of other stuff was a hot topic.
People who don't know ABC of tech were talking about it and many even invested in it.
Success stories were becoming a norm. Some person bought Bitcoin for fun and is now a millionaire. Someone bought it and forgot about it and now is also a millionaire.
People saw it as a money naming magic or something like that. S people invested in it. Thinking to change their lives without doing much.
That second part of the previous statement, as always, made 80% of people fail.
You might say how do I know the exact percentage of 80%. Well an article on CNBC says:
Around 80 percent of global investors are likely to have lost money on their cryptocurrency investments, says a study, as the market reels under pressure amid the collapse of a major crypto exchange.
— CNBC
80% is a big amount. The 20% who made it are those who either had good luck or really knew the game and won the lottery anyway.
People who failed were desperate people (No offence), who were having hard times and wanted to do anything.
We thought now that it's over, and people are starting to understand its actuality and are more into trading, which is somewhat profiting.
But nope, we have had a new fresh hype.
Now that we are clear about what happened with the crypto lads let's see what we have new in the market.
The AI bubble
In November of 2022, we got Chatgpt. A mind-blowing AI that can reply humanly and can answer anything.
And it was true, and it still is, that it is a great piece of tech which we started to use in our daily lives.
With the release of GPT 3, the AI hype started to grow. New AIs started to come out like midjourney, dalle and stable diffusion, just to name a few.
Many companies started on this single idea and it was all cool. It was a very new kind of change people were seeing.
Some people started to worry about job displacement and many other problems were going to bring with it.
It wasn't just the general public but many authoritative personalities in AI tech like Mr. Altman himself, the CEO of openAI.
But we also had people with dreams of becoming millionaires with this new advancement.
And remember these are the same people who tried their luck with Crypto. The crypto geniuses.
People started to share thoughts on AI-driven blogs and article websites, which I am personally a victim of(but more about that soon). People wanted to use AI to become the next Elon Musk.
People thought they could use AI like MidJourney to make art and become artists.
Because they didn't know the simple idea of supply and demand and the creative overload syndrome.
But as we know the hype dropped and now the AI is being used as it should be and people know that AI isn't a genie (maybe it was in the start).
Now that's out of the way let's talk about the legendary gurus who play a major role in the destruction of many.
The Guru Syndrome
So the question arises, why do people do that? Why do people follow these hypes and destroy themselves?
Well the answer lies in the trendy Gurus, or which I call the Guru Syndrome.
Many people on YouTube and all social media platforms, use these trends to exploit people.
I am sure you have seen many ads like these showing their wealth like cars and big houses which are fake of course.
And you might think who can believe them? Well, people do. And they pay a big price.
They(the gurus) start with that, and at some point, they ask you to pay for consultation and or join their groups for help.
Note: There are many people who teach actual trading like Forex and Crypto. So when I am talking about gurus it doesn't include all of the people in the given field.
How to avoid this
I would suggest doing your own research before any big step. Before you do anything such as dropshipping, crypto, AI business or hell even the Amazon business, do very deep research and digging.
Business and profits need a good amount of research and thought, and to plan everything out.
People who make profits are not those who use tricks or follow trends but those with great agility and hard work.
And please for god sake stop promoting this shitty quote:
Smart work over hard work — Another guru
Be smart and avoid these smart tips and tricks. Focus on your life goals and keep pushing your limits.
Find positive points of each thing and do not go with the crowd. Such as in crypto, blockchain is a promising tech, In AI we have a lot of possibilities. But do not overdo it.
That's how I am safe and working on my development and software engineering skills.
I hope I was able to give you useful information. And you might have a great and unique take or opinion on this topic, so do comment.
Hey hey, where do you think you are going? Wait up!
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