Topic: Do you do better than the youtubers when value is going down? Or what..?=?? - page 2. (Read 344 times)

Stopped believing in them long time ago as they don't have much knowledge about Bitcoin and crypto in general but they just use the market situation and randomly speculates things with some catchy tags and clickbait, all they do is if the market is bullish they will pick some random altcoins or whoever has paid them and say it will be on moon and similarly they do for dozens of coins and even if one coin by surges by coincidence they will make it their USP. They just needs more views to make more money and they don't shy away even if it's at the expense of noobs who listen to them and follow them blindly only to lose it all.

You don't need to follow YouTubers because mostly they are not given honest review about a project or coin because they never think about their audiences they making money it's does not matter which project is legit or scam. Day trading is not for everyone if you newbie I think long trading is the best.

If YouTube did not promise any payments to YouTubers, you would probably be left with those who know information about trading well or normally. But since most channels are aimed only at making money and getting subscribers, we see hundreds of amateurs presenting themselves as experienced traders or analysts.
There are several really competent channels, and we must be very careful about all the information, carefully checking it with other sources, realizing that even the number of subscribers is very easily bought these days.

what i know is that most youtuber traders are those who only trade to get views and income from their youtube account. what they convey is just very simple things where the words are like copy-paste from a trading book and all their trading activities are just fake to make themselves look like a successful trader in front of the camera. so there's no need to be surprised that they don't appear much in a bear market because viewers will only be interested in watching when the market is bullish.

Once you do step your foot into this market then you shouldn't trust no one no matter how known they are, no matter what popular they would be.
We are speculators into this market and you would really be able to expect those tons of bullish sentiments whenever Bitcoins price would be going up.
You would really be able to notice that there are tons of sudden experts telling this and telling that as if they were pros. 

Trust only your own analysis nothingless, its not bad to look up on someones analysis too but dont rely into those things
and stick with your own so that you wont really be having no regrets.

The reason is simple. They are not profitable. They rely on their YouTube ad revenue,  selling courses, mentorships services, private discords, and trade alerts which are manipulated to appear successful to make money. They have no real experience that is why they all repeat the same thing over again.  



As a beginner your focus should be how to on gathering knowledge on trading. No trading bot will make you profit if you don't have the knowledge on how to use them. The safest strategy to not losing money in trading is to hold and not trade.

The reason why they are so energetic during the bullish season and remain almost completely mute during the bearish season is that they are ignorant of the market, they are just opportunists. They are only using ideas, and as we know, Bitcoin and other cryptocurrencies are easily predicted during the bullish season due to many factors like halving, FOMO and the important events surrounding it just like how we had it during the Bitcoin ETF saga last year. This undoubtedly brought FOMO into the market rather than much FUD that often happens during the bearish season. This, nonetheless, often confuses those social media influencers.

A lot of them are just flourishing more on guesswork and a little idea they understand about speculation. This is why I always advise people to be very careful of them to avoid making mistakes. We can be the best speculators if we invest our time to learn.

My friend, the best advice remains the same as I issued above. Be your own speculators. You can do this by learning and training so well about the market, and before you know it, you are a guru in it. Talk more with your trading chart for analysis and guidance, you should also be conversant with the economic happenings around cryptocurrency. These would help you to decide well in both the bullish and bearish market conditions.

Taking trading advice from YouTubers is like taking trading advice from random people on social media. Most of them don't know what they're saying and even the few that know what they're saying may still be wrong. Before you take the advice of anybody in trading, make sure you carry out your analysis first and be sure that you're making the right decision.

Just recently when Bitcoin was around $50k I wanted to convert money I've been saving for something into Bitcoin and I told my friend about it. He's a more experienced trader than me. He was totally against it. He was insisting that I buy a stablecoin instead. He almost convinced me but I'm glad he didn't because Bitcoin is at $56k now and rising. My friend was just looking out for me, he was right to do so, but I saw how BTC was headed and I was convinced.

The bottom line of this story is that you should keep researching, keep studying, and keep gaining experience so that you'll be able to follow your own predictions and not rely on other people.

It is good that you do day trading but many people do not like to do this trading as it involves high risk.
What we mean by day trading is daily or daily transactions. We can call those who do this day trading as day traders. We have one purpose for day trading that is Profit To Trade. Through these trades we can maximize our trading portfolio with small profits.

I don't like doing this trade myself because it seems risky to me.I hold my invested tokens for a long time instead of day trading like I hold Bitcoin for a long time.

I don't do day trading.

But sometimes I just do it when I think that there's an opportunity. But to say that I am doing that for a living, nope. I'm in here for the long term and I find it a way better strategy and I don't have to fight with the daily markets and pressures from itself.

Compared to these youtubers, think for most of them that they're there to make contents and not to make daily trades. Because if I am a profitable trader, I wouldn't broadcast how profitable I am.

Some very interesting views and information coming in here, Thank You All for it! Something very interesting in a down market would actually be to hear your own experience on when exactly to go short with an over time success in a falling market - The more concrete and actual trading triggers, the better...!! 

Your observations are not wrong, however if this market was one in which the price was ranging most of the time, it could make sense to try to trade both directions and make money when the price of bitcoin went down.

But this market is one in which trends are strongly present, and when that is the case going long can present huge profits, but going short not only runs the risk of going against an emerging bull trend, but also the profits are very limited when trading in that direction, so for the most part when the price is going down the best and less risky option we can take is to sit out and wait until the bottom is reached.

YouTube is not the place to actually trust on either investment advice or even that of trading. If you’re a trader I will say yes you can check and watch some of there technical analysis strategies and learn to incorporate it into your own strategy and then back test it to see how it will go in a trade.

If you’re a newbie and then lack the technical knowledge or skills of the market it is best you stick to investing only and leave them for a long period of time. Another advice is do not just buy any low cap coins thinking it will explode, no! Some of these coins are just pump and dump. So you should stick to other middle cap coins that have come a long term ago

Social media influencers, the reason for sure is that.

• just for a content
• paid shill project that usually scam
• wanted to gain viewers, creating unrealistic predictions to catch interest

We don't need them if we know how Bitcoin works.
Just educating yourself in trading from technical to fundamental analysis might be an ideal way to become successful in crypto not by those influencers who only care about themselves.

A number of YouTubers are not even good traders. Most are paid shills that advertise scam tokens. There earlier you know this as a newbie, the better.

Scalp trading mostly on derivatives.

Majorly, my own personal technical analysis

Day trading
Long term for coins, I believe, have bottomed.

If you want to implement long-term trading, it's best if you don't look at prices too often, you can also set your profit target so that you sell, and don't trust YouTubers too much, they only take advantage of the moment to look for views, which in the end they will also curse if the market turns around

If you decide for the long term, you have to prepare a strong mentality, which will not be shaken by the value of deep losses and not be lulled by profits which do not meet your target. YouTubers will definitely continue to publish good news during a bear market, but there will be a lot of opposites. who scolds if the price goes down and that's a normal thing I see since I know crypto

I love to trade day trading because I cannot wait for long time for day trading is also so risky and I will recommend to use use only small fund for day trading. High risk will give good profit but one bad trade can ruin our portfolio.

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Yeah, This is just where my attemt went to that specific place we just cannot mention on here, I suppose... 

Most of youtuber even don't know about btc history of btc,goal of btc but they are still acting as a crypto trader experts just for views. I know many of them who don't know the basic trading rules also and their knowledge about crypto is very limited.


Actually we have a different strategies in bear and bull market. In bull market the token having strong fundamental are worthy for trading while in bear season you have to look for low cap and other volatile coins


I love to trade day trading because I cannot wait for long time for day trading is also so risky and I will recommend to use use only small fund for day trading. High risk will give good profit but one bad trade can ruin our portfolio.

There's a lot of youtubers constantly predicting high gains by constantly predicting new hights, but when Bitcoin is down it seems to be a lot harder than when going rapidly up, right?
 
Seems like they're much more quiet in the bear market than nowadays as things really is starting happening again, though!

Most times it seems like the majority of them have no clue at future development in Bitcoin, but just rambles about about either this and that, if and when and maybe so...

Not really advices anyone can follow!

You may learn a lot about trading strategies, looking up information and predictions made "boy room youtubers", Gareth Soloway, Lark Davis, Ben Cowen, investing.com, BTCiTrade.com, Tradingview.com,  Bitcoin fear-and-greed-index and so on, but still, after all this; How do you really do to still gain in a proper bear market..?? And where do you get your information from?

Do you do day trading or longer term?

When I try to trade short term it always goes to where the smell is purely awfully bad! Best results is when I don't trade but just hold no matter what direction, up or down.

Is there any advice to keep going strong even when prices are dropping slowly but surely over time..??

I do believe many newbie traders would love a quite good answer to this one, really!