#8: Ignore Celebrity Endorsements
Don’t ask me why, but a flood of celebrities have recently decided it’s a great idea to shill for crypto. But just because your favorite pop star has decided to endorse some newfangled alt-coin, that doesn’t mean that it’s a worthy investment (it probably just means the pop star wanted a new yacht and Big Crypto was willing to pay for it).
Last year, Kim Kardashian got sued for promoting what turned out to be a “pump and dump” scheme, according to a lawsuit against the billionaire and others involved. Even if your favorite reality TV star gives you investment advice, you probably shouldn’t take it.
