Topic: Do you follow trading advice from crypto influencers? - page 3. (Read 1251 times)
I dont, if you start following advice o signals you wont learn from yourself and just rely on them all the time.. My simple guideline on trading is buy low sell high or buy and hold.. For me trading is unpredictable so far im gaining more than losing when i do my own strat.
it seems like I do not really trust and be affected with the trading advisor because when I believe it I have experience that it will make me lose so I better confidence myself.
If you did your own research and find out that crypto influencer "XYZ" is good to go, then why not?
Yes, most of the time i am, i follow those advice or predictions from professional traders but it must have some basis and with good analization from me. Meaning, i also read and study their ideas about trading.
I am always checking the coins that is recommended by those crypto influencers but I don't immediately buy it because I have my own strategy of when to buy a coin and when to sell it. I am more of a short term trader so I have a reference of what coin is trending at the moment so that I would have an opportunity to maybe scalp if I can see a buying opportunity. I am looking for a coin with more volume and if a crypto influencer is recommeding that coin then surely the volume would surge on that coin and a good opportunity to trade but I don't buy the coin when it is high but I wait for a correction.
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?
There are good advice like you should focus on trading or build your own mining rig in order to earn more profit but the market is volatile so you will never know when you are going to earn profit so every time you are investing, make sure that you will be holding the coin for a very long time because there is a chance that the coin you are holding will go dump.
Yes, most of the time i am, i follow those advice or predictions from professional traders but it must have some basis and with good analization from me. Meaning, i also read and study their ideas about trading.
I am always checking the coins that is recommended by those crypto influencers but I don't immediately buy it because I have my own strategy of when to buy a coin and when to sell it. I am more of a short term trader so I have a reference of what coin is trending at the moment so that I would have an opportunity to maybe scalp if I can see a buying opportunity. I am looking for a coin with more volume and if a crypto influencer is recommeding that coin then surely the volume would surge on that coin and a good opportunity to trade but I don't buy the coin when it is high but I wait for a correction.
I try and keep away from paying attention to others' advices or following anyone else's stories because that it no longer always appropriate for my personal functions but I may recollect a number of the maximum treasured critiques with a view to have a moderate direction if essential.
Yes, most of the time i am, i follow those advice or predictions from professional traders but it must have some basis and with good analization from me. Meaning, i also read and study their ideas about trading.
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?
I do not trust the predictions of other people even if they are very popular. In trade one must always learn to analyze independently so as not to suffer losses.
Great, this forum has totally sense as more people gets involved on this kind of job. Each of us want to earn as to support and add for our financial aspects. Well, by having this forum it will able to help us base on their different experienced as being part on this crypto currency community. Also, we need advices from those users around here and also to our friends but somehow as we have our own thoughts the final decision is our self if we are going to do their different opinions and suggestions.
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?
I do not trust the predictions of other people even if they are very popular. In trade one must always learn to analyze independently so as not to suffer losses.
I think relying on someone's mind is a big mistake. I never listen to other people and experts, I have been burned many times, there are people who allegedly sell signals, participation in their telegram chat is$ 500, I had listened to them before and invested in coins that they advised, but in the end I went to the big minus. and life taught me to trust only myself.
There are alot of crypto influencer in social media and they are really help many newcomer that just joined in to cryptocurrency market to understanding about blockchain project, personaly i also follow some influencer who has enough skilled, they trusted and a few years already in crypto space.
It's easy making money in a bull market. And all of a sudden we got many self claimed millionaires posting all over YouTube.
These people will be gone when the markets start to trade sideways or bearish.
Unfortunately a lot of people believed to that "experts" and bought a lot of shitcoins that they promoted. Of course now they are pissed off and we can see a lot of topics here like " I spend all my money to " any shitcoin" and now price go down to 90%. What should I do?" or " I lost all my money cause I bought "shitcoin" because "no name youtube channel" said that he gave x10 easily". Maybe this people invested for the first time but that was really insane how all people believed in december 2017 that crypto just going up and BTC will be 100 000 in 2018. These people will be gone when the markets start to trade sideways or bearish.
This is tough but I hope useful experience for a lot of people. Maybe after that they will use their own head to research.
No i do not, and i can just recommend to eeryone to not do that. These crypto influencer, or even all influencer, are always paid for what they say. They just promote stuff from their sponsors or from their own products. So if any influencer is recommending you something, you can be sure that he got payed to recommend this. Dont listen to them!
You know the market well. It is a fact that no one is doing anything for free these days. Everyone is making money even by simply giving suggestions to people. Crypto influencers are doing the same thing. All those who have some good experience of the market are well aware of them and they don’t waste time listening to them because they don’t want to waste their time and money like newcomers. 
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?
There nothing wrong to ask advice from the crypto's influencers to follow trading work but need also to follow your own feeling what is the great option opportunity as independ trader's, from your own strategy and analysis. advice is the pointer knowledge idea's.
Initially I followed a good number of them both on Twitter and Telegram but I learnt the hard way, the truth is that no one truly what will happen next its all about speculation.
In some sort trading influencers really help for me aside from really a lot in about trading I usually watched trading strategies and advice and I feel it helped for me sometimes.
I think even the crypto influencers are also doing just to create hype for a token or coin & they are usually paid for this by the ICO team. Even if the token doesn't have up to mark a good product but the result of its ICO is positive because some people don't have enough knowledge about crypto investments and they follow influencers and it benefits both the ICO and also the investors as more & more people will try to get that token. So somehow its good to follow influencers because they can create awareness of that token. And same is with trading they give signals about a coin and people will rush to get that coin.
Experts advice also a good way to gain more knowledge upon trading especially for those new in trading crypto, you can follow their advice but most of them are not accurate in predictions.
No i do not, and i can just recommend to eeryone to not do that. These crypto influencer, or even all influencer, are always paid for what they say. They just promote stuff from their sponsors or from their own products. So if any influencer is recommending you something, you can be sure that he got payed to recommend this. Dont listen to them!
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