I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology. So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice. As a result, we have the phenomenon of crypto influencers. Some are reputable, like Carter Thomas of Coin Mastery, but others are not. What's your opinion on Crypto influencers? Are they good for this market and the cryptocurrency movement? Do you take advice from them? And who's good to follow?
If you did just invest for the sake on making money without knowing further on all the things involve on crypto then it wont really be a good thing.Why? if you do rely only on influencers words towards on such recommendations then you wont even know that you are already being manipulated because anytime those people will really tell things which would possibly only be a fud or basing with his own view or intuition.We do know that this is really very a unpredictable market that's why I don't really make a fan on listening anytime with their words. 
Topic: Do you follow trading advice from crypto influencers? - page 15. (Read 1251 times)
I've seen here a bot following McAfee tweets and buying coins he mentioned jusy after tweet. I believe this is a working strategy, but for short term
In my case even i dont have a good skills in trading i still do my own research before i invest in some crypto that i want to join just to make sure that i wont lose my money. I do also watch some video in youtube so see on how they are performing trading but im just take it as a lesson for my own trading skill.
that is good preparation before starting trading in cyptocurrency or forex. without good skills we could not gain profit from our trading.or maybe our money going loss.
In my case even i dont have a good skills in trading i still do my own research before i invest in some crypto that i want to join just to make sure that i wont lose my money. I do also watch some video in youtube so see on how they are performing trading but im just take it as a lesson for my own trading skill.
I'd rather believe and follow my own instincts rather than putting all my faith on a random 'McAfee's' prediction which just creates buzz for a few up and coming projects. Its hard to believe most investors blindly follow their advice without doing any further research about the coin/token in question. I'm just waiting for one of those 'went wrong' calls which everyone will follow like lambs to the slaughter and when they lose thier monies, only then will they realize to trust their own gut before believing in others' advice.
Ya if you are expert or at least have experience then better you follow your own instincts and also ow analysis.
For us newbie, following expert and also including learning how to trade would be good. But if you are just following without why the decision is made, you are just crap.
I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology. So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice. As a result, we have the phenomenon of crypto influencers. Some are reputable, like Carter Thomas of Coin Mastery, but others are not. What's your opinion on Crypto influencers? Are they good for this market and the cryptocurrency movement? Do you take advice from them? And who's good to follow?
Well not really follow to the letter. It's best that you don't stick to a single source of information when you trade. Make yourself aware. Study these influencers' way of how they predict a trade would end up and at the same time do your own research.
I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology. So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice. As a result, we have the phenomenon of crypto influencers. Some are reputable, like Carter Thomas of Coin Mastery, but others are not. What's your opinion on Crypto influencers? Are they good for this market and the cryptocurrency movement? Do you take advice from them? And who's good to follow?
Well, Basically this is the first step of new traders and is good indeed, However most videos from YouTube and any other social medias are not 100% accurate, some of influencers are just saying a bit portion of what they know, to motivate new traders, for them not to be blame in the future. Furthermore, as a member to this forum I have seen that there are great managers who give advice on how to trade wisely. But The main answer here is experience.
I ever did this but in the end i left it because it wasn't giving any help. In the end, i just have myself to rely on. The conclusion is all depend on your belief. Don't curse at your conviction. And if you believe then, don't fully gather the informations from all sides, and node it then reach from your belief you exactly can do that.
I'm not really sure, sometimes yes and sometimes not. Many of us depends on influencers its true it will create a hype sometimes. But for me I will made my own research as well about that particular project.
following trading advice from crypto influencers is good as long they're trustable and can give correct informations regarding the price movement or cryptocurrencies development and i personally already done it that i was following trading signal from my trading mentors and even though the results are not 100% valid but at least i get plenty of important knowledge during following them
I follow them sometimes but before I follow them I will make sure that their advice , tips , strategy are very helpful to us. We have different situation here in crypto world and for sure we have different startegy to become successful in the future. But most of their advice is helpful like when I started in crypto world. But better to have your own decision and startegy to be unique.
For the people that do follow crypto influencers, can you give us some link (youtube/twiter/blogs or whatever) on who you follow? One i ve personally found and like from youtube is DataDash. Would love to learn about others!
I'm only listening to others opinion to know what is hype and what is not, hypes make more volatility and again every volatility is traders potential gain. I usually put hypes coins on the watchlist and makes my own T.A. if you got influenced by some traders advice your just participating in a pump and dumps without noticing it.
No, because I know how to do it personally. Though I also follow some news that I think can affect the market so I can exit every time the market is falling. Its hard to do it since the market is working non-stop so if you are planning to become a trader, better to depend only to yourself because its worth it compare to any hype advice.
Dear sinior member
just I think real clever invester are follow and read human psychology then invest and sucssces
just I think real clever invester are follow and read human psychology then invest and sucssces
Fast respect to all my sinior member just I think
there are a few things you will need to master before you start trading for real and earn huge money potential
1) Learn to read the charts (candlestick). This is the most important skill that you will need in order to trade successfully. Know how to spot a trend and a reversal.
2) Trend is your friend. Never trade against the trend. Once you can correctly identify the trend direction, you can easily and safety buy the pull backs as long they occur within the major trend.
3) Have a trading plan .Many times things do not occur as your prediction ,you will have to cut loss quickly.Remind do not rush into making a decision or allow your emotions to take control of your trading.
4) Do not follow the news. Many atimes , prices do not follow the news but rather news follow the price.
5)fast I suggest dear friend be focused in study and use treding tools, concentration your mind nothing to listen in other advice..
6)last me told suggest other to listen but discover in own
Most important skill of being a successful trader is having control of your emotions and be disciplined in trading.NEVER EVER let your emotions take control of you. Once you master that, you are on your way to be a successful trader
there are a few things you will need to master before you start trading for real and earn huge money potential
1) Learn to read the charts (candlestick). This is the most important skill that you will need in order to trade successfully. Know how to spot a trend and a reversal.
2) Trend is your friend. Never trade against the trend. Once you can correctly identify the trend direction, you can easily and safety buy the pull backs as long they occur within the major trend.
3) Have a trading plan .Many times things do not occur as your prediction ,you will have to cut loss quickly.Remind do not rush into making a decision or allow your emotions to take control of your trading.
4) Do not follow the news. Many atimes , prices do not follow the news but rather news follow the price.
5)fast I suggest dear friend be focused in study and use treding tools, concentration your mind nothing to listen in other advice..
6)last me told suggest other to listen but discover in own
Most important skill of being a successful trader is having control of your emotions and be disciplined in trading.NEVER EVER let your emotions take control of you. Once you master that, you are on your way to be a successful trader
no i don't , most i will do is take some pieces of advice or pick things that make sense out of the story. the best way to learn trading is to make your own mistakes and learn from them , that way you are not depending on what someone else is saying.
Doing own research make us more confident in the future regarding our ability to trade cryptocurrency but use surrounding opinion is never bad to compare whether our analysis is good or not. So combine those two things are more recommended to do.
Yes i will follow them, but before it just make sure they do right review. Influencer can make market in more demand, because many their fans will believe and interesting. Influencer can make cryptocurrency make more popular and willl be more people interest in it.
but whenever they could be wrong in doing the analysis and calculation right ? I did not immediately follow their advice. because they may also have certain goals? usually I just make it as a reference only. not as the main suggestion and immediately follow it without a careful calculation.
no i don't , most i will do is take some pieces of advice or pick things that make sense out of the story. the best way to learn trading is to make your own mistakes and learn from them , that way you are not depending on what someone else is saying.
everybody have their own capability and everybody have different set up.
that means we can not do the same thing like others people do,but we can learn something from them.
for me,crypto influencers are a mentor.
most of them were sharing an informative news about what is going on with it and what will happen with it.
just like what i say,he is a mentor but in the end i am the only one who will decide my own fate.
they are only giving us a tips about life or knowledge itself.
that means we can not do the same thing like others people do,but we can learn something from them.
for me,crypto influencers are a mentor.
most of them were sharing an informative news about what is going on with it and what will happen with it.
just like what i say,he is a mentor but in the end i am the only one who will decide my own fate.
they are only giving us a tips about life or knowledge itself.
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