According to Compounding Quality on Twitter, relying solely on friends' advice for crypto trading decisions can expose investors to unnecessary risks and losses, as personal recommendations may lack thorough analysis or be influenced by bias. The tweet emphasizes the importance of conducting independent research before making trading moves, which aligns with best practices for risk management and securing more consistent profits in volatile cryptocurrency markets (source: Compounding Quality, Twitter, May 31, 2025).

According to Crypto Rover (@rovercrc), traders should always conduct their own research and not rely solely on external advice. This statement highlights the growing need for personal due diligence in the volatile cryptocurrency market, especially as regulatory scrutiny and market dynamics evolve in 2025 (Source: Crypto Rover on Twitter, May 15, 2025). For active traders, this underscores the importance of verifying information and using multiple trusted sources before making trading decisions, which is crucial for risk management and capital preservation.