Careful with Social Media Tips - page 12.

MinerHQ

legendary

Activity: 1456

Merit: 1023

Quote from: Nayborksta on September 03, 2018, 09:58:56 AM

The term social media is here too general. I wouldn't follow advices of random people on the internet, however some YouTube channels offer some proper knowledge about the market.

Learning things from social media or Utube is different from following someone's tips to invest your money. Those basic and advanced skills can learn from anyone, which you think you can follow their methods. But after learning you need to make a final decision to invest or not and after investing you shouldn't blame them for your mistakes.

Every one giving tips based on some knowledge and past experiences but there is no guaranty that every time it works. So you should know how much you can take a risk to follow these third person investment tips.

racingboy

newbie

Activity: 126

Merit: 0

It is okay to get some tips in social media but there are better
resources out there, for example, investopedia.com, there you
can find everything in investing, finance education and analysis.

Indrawan77

hero member

Activity: 1274

Merit: 516

I think the most suitable source to learn is from youtube there are more varieties in the strategy and you can learn from people experience, the content from social media is kind of limited and sometimes the tactic is not suitable for us to used, but social media is very important to get updated news, so its one of the important element when you want to trade

Moiyah

member

Activity: 630

Merit: 20

Thanks for your advice, bud. You know sometimes, one's tactics work for them but do not work for us. Whenever we see some recommendations from social media, there's nothing wrong if we follow their trick but of course with an open awareness that risk and troubles are associated with it.

vinbentrob

member

Activity: 210

Merit: 10

“Tackling Climate Change Using Blockchain”

Social media have been used so many times to slaughter the pigs in trading cryptocurrency and you can enter be to sure of the sincerity of the social media shillers that is making a call for buying or selling. He or she might be doing these for selfish reasons!

richminded

sr. member

Activity: 798

Merit: 268

Quote from: liuqi on September 03, 2018, 06:54:03 PM

Most of the social media news are 50% percentage only true so I do not believe the social media news but again I reresearch in one more time then only I can believe the news. So I am always carefully aware in the crypto related needed and Nowadays keep protect ourself only so social media tips and suggestions are not take it in my mind so I peacefully enjoy my crypto lifestyle.

News is important, but not all of them are true so we must take extra research about it especially if the news is the coins you are holding. I don't focus much on Social media tips because I know what to do in this market, and I know where to listen. Social sites is just like a scam, because they are corrupting your mind to make negative decision out of that news so don't listen too much on that.

yanto@1977

full member

Activity: 686

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: Vangar on September 02, 2018, 05:29:28 AM

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

Social media is just tools to promote and get audiences fast with low fees. But as audiences we should have knowledge and right sources before decide to follow or join something on social media. I agree with not all information is right on social media but use social media on the right track is better.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Most of the social media news are 50% percentage only true so I do not believe the social media news but again I reresearch in one more time then only I can believe the news. So I am always carefully aware in the crypto related needed and Nowadays keep protect ourself only so social media tips and suggestions are not take it in my mind so I peacefully enjoy my crypto lifestyle.

hermankoles

jr. member

Activity: 275

Merit: 1

https://customcontract.network

make social media issues as input not as the main thing in making decisions in trading. because not all suggestions from social media are pure will give us profit, think also if there is a specific purpose behind it all. it's about trading strategies

Aion2n

hero member

Activity: 700

Merit: 503

I see that on the site you can read some information that gives a general idea of crypto market and methods of trading on it. It's good.
There are also some tips on how to trade certain currencies. This is good, but it's a subjective opinion and it's best to just keep it in mind, but always make a decision based on your own knowledge and experience.
I liked that the site has an overview of some exchanges. It is a pity that there are so few reviews in it. I would like to see a lot more reviews, this could help beginners to understand a little bit about working with exchanges.
In general, a good site for general educational purposes.

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: minime0105 on September 03, 2018, 03:47:39 PM

Quote from: Vangar on September 02, 2018, 05:29:28 AM

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

I definitely agree with the point you're making because its absolutely and strictly relevant. People should be aware that these are certain circumstances that work for those moments and also to bare in mind that some people may encourage you to do what will benefit them most, like referring you to a scam site etc.

Trading is not easy and there are always a risk that's why we need to be careful on what we see on social media that promote or gather people to scam. A lot of promoting in social media about the crypto like how to gain huge profits, with a promising words to get you are in. If you are in trading stay away from social media and you should not listen/believe on people or site that you seen.

minime0105

hero member

Activity: 1246

Merit: 534

Quote from: Vangar on September 02, 2018, 05:29:28 AM

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

I definitely agree with the point you're making because its absolutely and strictly relevant. People should be aware that these are certain circumstances that work for those moments and also to bare in mind that some people may encourage you to do what will benefit them most, like referring you to a scam site etc.

Azima85

newbie

Activity: 97

Merit: 0

I honestly don't understand anyone who would follow an account on social media blindly with his own money. To be honest, I find it stupid and sad that some people lose money because of blindly following a bad advice from a social media account. That's why there is something called DYOR.

Nayborksta

newbie

Activity: 62

Merit: 0

The term social media is here too general. I wouldn't follow advices of random people on the internet, however some YouTube channels offer some proper knowledge about the market.

PETES

full member

Activity: 456

Merit: 100

Quote from: Vangar on September 02, 2018, 08:17:59 AM

Quote from: biofuel on September 02, 2018, 08:14:44 AM

Quote from: Vangar on September 02, 2018, 05:29:28 AM

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

I had not met any "professional trader" whose forecasts published on social medias were successful in 60% of times.

Unfortunately, it seems that half of advices are not applicable in many situations while the other half, as many here mentioned, are made by those that do not know much about trading, apart from creating click-bait content. Which is sad really, especially for an industry as volatile as cryptocurrencies.

Knowing how to filter every news that came is like preparing for a battle because every thing in the internet is just based on their own belief and not all their belief is necessary and applicable for us. Perhaps, those click baits sites will just for their personal interest thus full of uncertainties.

Vangar

jr. member

Activity: 73

Merit: 1

Quote from: biofuel on September 02, 2018, 08:14:44 AM

Quote from: Vangar on September 02, 2018, 05:29:28 AM

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

I had not met any "professional trader" whose forecasts published on social medias were successful in 60% of times.

Unfortunately, it seems that half of advices are not applicable in many situations while the other half, as many here mentioned, are made by those that do not know much about trading, apart from creating click-bait content. Which is sad really, especially for an industry as volatile as cryptocurrencies.

biofuel

jr. member

Activity: 70

Merit: 2

Quote from: Vangar on September 02, 2018, 05:29:28 AM

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

I had not met any "professional trader" whose forecasts published on social medias were successful in 60% of times.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

if they were giving advice and explained real strategies then it could have been good, because even if they don't work for every situation the explanation itself could give you some experience in dealing with different situations and to know how the market generally works and how you should make profit from it.

but the real problem is that they always disguise their nonsense pumping attempts as an investment or trading advice. we have lots of groups that are calling themselves names such as "signal group" or "trading discussion" but in reality they are the same scam pump groups that are not sharing some basic charts pretending they are analyzing but in reality they are pump and dumping.

okorocrypto

newbie

Activity: 140

Merit: 0

Thank you for this post, you have just said it all. I understand that the social media is littered with materials about trading and most of these are obsolete. What I do is to work out my strategy that will be in tune with present realities. I try to marry technical analysis to fundamental as both work hand in hand to govern the market.

gurang

jr. member

Activity: 350

Merit: 2

Quote from: Vangar on September 02, 2018, 05:29:28 AM

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

not all in social media are good some of them are fake or they want you to destroy of what you have

Topic: Careful with Social Media Tips - page 12. (Read 2779 times)