This effect is in every crypto chat room, let's go.
📖 A little history
In 1995, two people, Clifton Earl Johnson and MacArthur Wheeler, robbed a bank without hiding their faces. When the police picked up the guys for one thing, they were shocked! They were sure that the lemon juice the thugs had put on their faces before the robbery - would hide their faces from the video cameras. Well, they had read somewhere that this juice has this property... Gentlemen psychologists Dunning and Kruger were inspired and conducted an experiment. In brief, they gathered people and began to look at their self-perception in one subject or another. In the end, it turned out that those who know less think a lot about themselves. When qualifications grow, confidence begins to drop, because people understand that their subject is complicated and must be studied for years. Once again, confidence begins to grow only among true experts.
🤔 How does this bug work in crypto?
Super example: Observe the chat rooms where people who know so much about crypto sit: normies. They consume very simple content, but they talk about crypto all the time. They think they know the reasons for everything. - "Depegged USDT? Well that was understandable, they're scammers!" - "Bought NFT? Well it's been tweeted about. Who? I don't remember." - And so on People know exactly nothing, but they stick their "expert" opinion into every hole.
✍️ Conclusion!
Listen to people with experience if you want more informed opinions. And grab your own hand when you think you know everything about crypto. If that's what you think, you're a hamster, sorr, and you're going to have to take those rose-colored glasses off through the frustrations of loss. You'd better do it yourself now. If you understand that crypto is a rabbit hole in which you have to improve every day, we're cool for you.