Bad "good" news. - page 12. | Bitcointalksearch.org

acarli

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Quote from: The Sceptical Chymist on November 12, 2018, 10:13:07 AM

In crypto, I would be extremely skeptical of basing your trading behavior on news of what other investors (whales) are doing. Certainly it could be fake news to begin with, but trying to follow the herd and being a momentum player has failed many a trader.

At least in the stock market business news is pretty easy to verify the accuracy of. With crypto news coming from sites that look like they value rumor just as much as real news, I'd be very uncomfortable using that kind of reporting as the basis of my trading strategy.

I don't hear much about contrarian investing around here. Seems like everyone is trying to be momentum traders instead of following the "buy low/sell high" strategy. Buying low sometimes entails buying coins that are unpopular at the moment, and my impression is that many crypto traders are extremely fearful of doing so--they're instead chasing what they think the next big thing is or buy what they think everyone else is buying. It's no wonder so many crypto traders lose money.

Yes, I agree about not trusting media. Here is a perfect example:
https://www.yahoo.com/finance/news/bitcoin-no-longer-boring-price-194000222.html

Goldman Sacks just released predictions of BTC dropping to 1.5k. The only reason they would do that is to buy BTC on the way down. Again, buying unpopular coins for profit. Warren Buffet said, "Be greedy when others are fearful and afraid when others are greedy". I think it was him at least.

Buying a coin now because it's unpopular is not enough. They will ultimately have to have an actual utility, either as a value transferor or some other utility (smart contracts, oracles etc).

pedangrusak

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do market research and filters on all news, because not all news is true, something is really done to shape public opinion and change crypto price levels. there are many news websites that you can follow and that you can make reference to in making investment decisions

jossiel

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Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

Friends, the news background on the crypto market has been very active lately, and in a rather positive way, but not every good news is true.

And as a reader you should also identify what's genuine and not. Having a good news means its good so I don't think there's something behind what you are pointing with these words.

Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

How does this affect your investments and strategy on the market? How to protect against fakes?

I'm not buying with any fake news anymore. Before I'm so gullible with some news that are giving bad reputation to the market and it means a sell off will come to me. And to protect against fake news, rely only to those websites that has reputation in reporting events and making news.

Maricel2017

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Its easy to avoid fake news about crypto, make your own research about crypto currency and make you own analysis and dont put trust for the news that you would not yet read. People create fake news to make investors panic and sell the coins they hold, also some of them market their own coin and give false news to other coins to make people give negative feedback in some trusted coins.

TravelMug

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Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

Friends, the news background on the crypto market has been very active lately, and in a rather positive way, but not every good news is true. How does this affect your investments and strategy on the market? How to protect against fakes?

If you're new to trading or at least doesn't have the experienced, then I'm sure that it will greatly affect your decision making, worst case scenario they can go on PANIC mode and push the sell button.

But for those who have at least not new and familiar with how the media spun articles and creating fake news just to get revenues for their click-baits, then its easy to spot them and/or at least try to get as many source as they can making making their move. Others, just wait till the dust settled before making any decisions. So basically used your common sense and don't believed everything to hear and read from the web.

Koadharber

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Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

Friends, the news background on the crypto market has been very active lately, and in a rather positive way, but not every good news is true. How does this affect your investments and strategy on the market? How to protect against fakes?

Fake news, Fuds and shills are common into this market and fighting them? You cant do anything about it but to listen up on what those
manipulators are trying to do. Adoption and Banning news are flying around and as a small scale investor would really be hard to fight fake out
and this is where our experience and analysis would really be used up.

The Sceptical Chymist

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Quote from: Impulseboy on November 12, 2018, 09:45:16 AM

It is very important that we do our own research and not believe in anything we see or read on the internet right away. However, these days it is getting a bit harder and harder to determine authentic news from the fake ones.

In crypto, I would be extremely skeptical of basing your trading behavior on news of what other investors (whales) are doing. Certainly it could be fake news to begin with, but trying to follow the herd and being a momentum player has failed many a trader.

At least in the stock market business news is pretty easy to verify the accuracy of. With crypto news coming from sites that look like they value rumor just as much as real news, I'd be very uncomfortable using that kind of reporting as the basis of my trading strategy.

I don't hear much about contrarian investing around here. Seems like everyone is trying to be momentum traders instead of following the "buy low/sell high" strategy. Buying low sometimes entails buying coins that are unpopular at the moment, and my impression is that many crypto traders are extremely fearful of doing so--they're instead chasing what they think the next big thing is or buy what they think everyone else is buying. It's no wonder so many crypto traders lose money.

hubballi

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Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

Friends, the news background on the crypto market has been very active lately, and in a rather positive way, but not every good news is true. How does this affect your investments and strategy on the market? How to protect against fakes?

If you are going to buy or sell on the news then i think it is better to leave it as it will only give you loss. If you have faith on cryptocurrency and on which coin you are going to invest then start to invest in slowly and keep your target price for selling. Dont listen on FUD news. This way you will be in profit.

shinharu10282016

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Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

Friends, the news background on the crypto market has been very active lately, and in a rather positive way, but not every good news is true. How does this affect your investments and strategy on the market? How to protect against fakes?

Number one thing is you don't rely on hypes. Even if anyone who said it was big enough for the market to move. Once you fell into their trap, you'll be gone in no time. Doing your own research does the trick too. It will always help yourself to rely on your own rather than riding anyone's coat right now. We can't be 'particularly' comfortable with someone saying something just because he says it, it will happen.

Impulseboy

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Quote from: NeuroticFish on November 12, 2018, 09:22:50 AM

Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

How to protect against fakes?

Basically do your own research.

If some tell that Elon Musk buys Ethereum, see on his public statements about it. Search on twitter (but make sure you didn't find fake accunts with that name), search on blogs, search on reputable news agencies.
If somebody tells that certain bank or institution plans certain service, check that bank's pages, social media or even ask their support.
..Something like this.

Especially if you want to invest based on certain news, you have spend some time and effort to make sure everything is all right.

I agree. It is very important that we do our own research and not believe in anything we see or read on the internet right away. However, these days it is getting a bit harder and harder to determine authentic news from the fake ones. That said, a little self research do not hurt and often works.

NeuroticFish

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Quote from: iTradeBit on November 12, 2018, 08:20:28 AM

How to protect against fakes?

Basically do your own research.

If some tell that Elon Musk buys Ethereum, see on his public statements about it. Search on twitter (but make sure you didn't find fake accunts with that name), search on blogs, search on reputable news agencies.
If somebody tells that certain bank or institution plans certain service, check that bank's pages, social media or even ask their support.
..Something like this.

Especially if you want to invest based on certain news, you have spend some time and effort to make sure everything is all right.

iTradeBit

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Activity: 224

Merit: 1

Friends, the news background on the crypto market has been very active lately, and in a rather positive way, but not every good news is true. How does this affect your investments and strategy on the market? How to protect against fakes?

Topic: Bad "good" news. - page 12. (Read 14952 times)