If you are capable to trade and turn it into profits, then you don't have to follow the trading signals of other traders. You know your own intelligence and capability as a trader, if you think you are still not making an edge on trading, then study trading and improve your knowledge and skills on it through your own experience. That way, you can correct your own mistakes and improve what's need to be improve.
But that is precisely the problem and it is why signals are still popular, learning how to trade is hard and it has a very high failure rate, people know this and they are trying to find a shortcut so they can become successful without going through the pain of actually learning how to trade, and they think using signals is the right way to do this as it seems to be the perfect solution for them, however we know that using signals to trade does not make sense at all, as someone that is selling signals could make a lot of money if their signals were any good by trading by themselves. 
Topic: Get a signal Source on Bitcoin. (Read 435 times)
This type of snake oil type of things do not really help anyone at all. I can't really imagine anyone getting any type of help to anyone getting to this type of thing. I believe that we are not going to end up with anything that could change anything at any moment. These type of people just want to promote themselves and they do not care about what you are going to end up with anything else, like if you lose money but they get a lot of views that would be more than enough for them. I think its quite obvious that we are not going to end up with anything that would change anything on the long run, its not going to end up with anything that helping you at all.
If you are capable to trade and turn it into profits, then you don't have to follow the trading signals of other traders. You know your own intelligence and capability as a trader, if you think you are still not making an edge on trading, then study trading and improve your knowledge and skills on it through your own experience. That way, you can correct your own mistakes and improve what's need to be improve.
Getting a signal source for bitcoin is really good, the only thing it gets bad is when you rely on it solely for your trades. It’s okay to be more open to a lot of trading signals that you think will probably work on your trades, but if you keep on doing that, then what would be the use of your own trading knowledge and your personal market analysis? Instead of trying to get the best trading signals in the market, why not just do it on your own and study more about the trading market and all the factors that could possibly improve your trading skills and strategy. That way, even if you lose at time, at least you also learn from all your mistakes.
Any trader worth their salt will take notes and compare what their strategy is telling them to do with what they see other traders sharing online, however there is a big difference between doing something like this and depending completely on the signals of someone else, as in that case you are not really learning anything out of it, and even if the signals were good and you could earn money with them, the moment that trader got tired of it and stopped posting their predictions and signals you will be left with nothing and you will have no way to keep profiting from the market. 
Generally I’m just trying to tell you to understand that you have to get a particular place that you can hear the current news on the bitcoin market, because to my little knowledge that is what effect bitcoin either positive or negative.
I agree with you, it's very essential to get good sources where you get information as it regards happenings around Bitcoin and other economic situations that could be of great importance to the Bitcoin Market . This sources could include several platforms which includes the mass media or subscribed mails and Bitcoin talk.org which will keep you updated with the news.
Personally, I advise you invest more on technical analysis and fundamental analysis aswell so you become your own source of information to get appropriate signals on when to enter and exit the market as everything that is said on the news plays out on the chart, no body can predict accurately 100% the direction of the market over a period of time. Over time signal sources have failed and some have also proven to be worth giving attention especially when the signals are followed timely and executed appropriately but this can not be compared to the efficacy of a proper combination of a good knowledge of fundamental analysis and technical analysis to provide your own signals
Getting a signal source for bitcoin is really good, the only thing it gets bad is when you rely on it solely for your trades. It’s okay to be more open to a lot of trading signals that you think will probably work on your trades, but if you keep on doing that, then what would be the use of your own trading knowledge and your personal market analysis? Instead of trying to get the best trading signals in the market, why not just do it on your own and study more about the trading market and all the factors that could possibly improve your trading skills and strategy. That way, even if you lose at time, at least you also learn from all your mistakes.
In the case, its very obvious that bitcoin the market is unpredictable the way I do see the market of cryptocurrency and secondly when looking at the market its obvious even some people who distribute signals do not give a real account of benefit or profits they make with their signals, its better for we to learn and comprehend the primary things concerning trading and signals concerning what will be next thing to happen in the market, so I believe that with the look of things trading doesn't not been depends on signals of another person, if you want to succeed in trading try devote out time to learn and understand the basic needs of trading.
I’m not against about following some trading signals since it’s actually a trader’s choice. However, knowing the fact that this trading market is always unpredictable due to its high volatility, then we can’t expect some trading signals to be always reliable and will certainly make our trades profitable in the end. At some point it works but most of the time, trading signals are not accurate and are not effective when trading. So if I were you, instead of listening some crypto influencers that gives trading signals, I would utilize that time to study on my own and help improve myself about trading and learn all its technicalities that are somehow very crucial to trading. Trade on your own and learn from your own mistakes and losses.
Yeah true, but people have a need to cling to something. If you are not going to trade based on TA, or FA, or signals or whatever, even copy trading someone else, then how are you going to trade. You need a reason to think that it will go up so you should buy, why would you think that it will go up, no reason at all? That doesn't sound reasonable.I think it should be important to make sure that it could go on about like that and should be considered something good. I believe that it is going to be at least a reason to do and some people pick that reason in the form of signals from someone or somewhere. I can't really argue with them, I wouldn't do it myself but I do understand the logic behind it as well at least.
I’m not against about following some trading signals since it’s actually a trader’s choice. However, knowing the fact that this trading market is always unpredictable due to its high volatility, then we can’t expect some trading signals to be always reliable and will certainly make our trades profitable in the end. At some point it works but most of the time, trading signals are not accurate and are not effective when trading. So if I were you, instead of listening some crypto influencers that gives trading signals, I would utilize that time to study on my own and help improve myself about trading and learn all its technicalities that are somehow very crucial to trading. Trade on your own and learn from your own mistakes and losses.
Many individuals mindlessly followed "capofcrypto" on Telegram, engaged in a Bitcoin shorting strategy, and experienced significant losses during the recent price surge. Therefore, it's crucial to emphasize the importance of educating oneself before blindly following anyone's financial advice.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
Generally I’m just trying to tell you to understand that you have to get a particular place that you can hear the current news on the bitcoin market, because to my little knowledge that is what effect bitcoin either positive or negative.
News is one of the reasons the market may get affected, but this is not the only reason the market is concerned. Indeed, Bitcoin price goes down when a major country bans Bitcoin for some reason. It increases the fear, and people start panic selling, which causes a downward trend. Similarly, when a large company announces that they will accept Bitcoin as a payment method, people buy it with the hope that it will increase in Price. But the the,ing is I do not trust any kind of signals. Those things are just predictions, and we never know if those signals will be accurate. If you lose money for your mistake, the pain will be less. But if you lose money because of other peoples mistake, it hurts most.
Generally I’m just trying to tell you to understand that you have to get a particular place that you can hear the current news on the bitcoin market, because to my little knowledge that is what effect bitcoin either positive or negative.
Having a place, particularly a source of information, is not bad, but relying on it is the worst part. As you said, but these social media things, not all of them are reliable sources, and that's why one must DYOR. It will be the most important and effective way to adapt to bitcoin other than listening to the news. As you will get what you want at that time. My reason is that these people are not showing the other side of bitcoin that a beginner who wants to enter the crypto space needs to be aware of, and those looking for how trading fluctuates or something similar shouldn’t follow social media because they don’t show their losses but only what they have gained, which is not supposed to be like that.
If you want someone to know about something, you need to tell him or her the positive side and the negative side for him to know where he is about to go so that when he reaches there, he will know what to do, and that's what will prevent such a person from focusing on the negative side of it.
The bitcoin is the cryptocurrency which define the price movement of other coins.So if you inverse in the bitcoin or altcoin,you need the signal for the bitcoin.Only few signals in the market are trusted one.I don’t want to mention those signals too.My recommendation will be create your own signals based on the market.Use the previous chart history of the bitcoin,using that build your own signal for the price movement.Now the market nearing the bitcoin halves,so need to worry on the dump in the price of bitcoin till the year end.
In fact if you can only succeed in trading using signals then it will be a wrong decision and nothing else, in my opinion if you can't recharge the market properly then it's better not to depend on signals and your money will be lost. will be saved from it. If you save your money, you can use it later.
Following channels to get the latest crypto news of important for your own speculation of the market. Following channels for trading isn't a good practice because the information might be wrong and will lead you to loss. It is better that you come up with your own strategy if you are a trader. The forum is also a good place to gather information daily,but you should also DYOR,so that you will improve yourself in trading. But if you depend on channels to tell you what yo do,it means that you wouldn't learn. So I would advice you to invest in a long term and hodli,without bothering about the price of bitcoin.
If what we only want is crypto news, I think a better source would be the crypto news sites but we should also pick the ones that are on top so that we can be sure that the information they provide are true. Crypto channels must only be for getting signals which might be helpful for a trader.But again, you need to be very picky because many for them are miss leading and scam. As you said, it is still better to stand on our own. Not just we can completely avoid being deceived, we can also be proud of our selves once we are already doing well in. Other than the crypto news site and crypto channel, your are right that our forum is also a good site to get info. It can be an all in one solution because different topics about crypto can be discussed here.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
I've read some comment from users saying that Bitcoin is completely unpredictable and if I must be frank, then this I completely agree with, Bitcoin and cryptocurrencies in general are totally unpredictable, and even though news and updates do affect the price of Bitcoin positively or negatively, it is still hard to predict when the good news or bad news will be released, it can only be a bit easier for those who have nothing else doing but spend the better part of their 24 hours online..
This is also why trading is also a bit of a hassle, all this to me just requires luck and patients, for even with all the chart reading and market analysis, it is still most time very difficult even for the professionals to correctly predict the direction the market is heading ..
So what is the solution?
For me, the solution is to just buy when the price is down, and wait for it to climb, then sell and take your profit .
This is also why trading is also a bit of a hassle, all this to me just requires luck and patients, for even with all the chart reading and market analysis, it is still most time very difficult even for the professionals to correctly predict the direction the market is heading ..
So what is the solution?
For me, the solution is to just buy when the price is down, and wait for it to climb, then sell and take your profit .
I think one should never take advice from other sources to make such decisions. But if you are well knowledgable and experienced about bitcoin trading then you can advise everyone better. Just like you have taken advice from all other social media, you have to be careful as they give you wrong advice. And by following wrong advice, a new trader is definitely at risk of losing his money, so don't take such wrong advice.
Not take is a big word, the right words would be to consider since that means that you're hearing what they're talking about but doesn't mean that you completely and blindly follow them. Depends on the advice though, I don't know if you've watched the movie Into the Spider-verse but there's a dialogue in that movie where the MC(Miles Morales) is asking the Other Dimension Peter Parker about how to use his powers but all he did was advice him about making sure wearing the suit and it's maintenance is convenient for him based on experience, my point here is that there are good advices out there and it's not a good thing to just don't listen to all of them even if they are pretty reasonable. 
I think one should never take advice from other sources to make such decisions. But if you are well knowledgable and experienced about bitcoin trading then you can advise everyone better. Just like you have taken advice from all other social media, you have to be careful as they give you wrong advice. And by following wrong advice, a new trader is definitely at risk of losing his money, so don't take such wrong advice. So first of all you need to know good strategies and gain experience from them so that you can use your money to create a good fund. Anyway if you can research well about trading then surely you can make profit but one thing should always be kept in mind never take high risk. Always research good strategy never trade in altcoins or shitcoins as there is fear of losing money. If you want to trade Bitcoin, it is possible to be successful if you acquire good skills and then trade later.
Generally I’m just trying to tell you to understand that you have to get a particular place that you can hear the current news on the bitcoin market, because to my little knowledge that is what effect bitcoin either positive or negative.
Don't appear too proactive about news because it's not the major cause to market price to rise or fall, news are just to give us updates on what transpires within the ecosystem of cryptocurrency, then we work on them in relation to the economy and financial activities to know how they may or may not affect the market demand and supply, while in trading, we mostly listen to news in other to get us latest updates on activities happening in cryptocurrency and world at large.
It's good to have a such source where you can get updates for 2 hours as it really helps to understand the sentiment from the 1st view but on the same being dependent on that source can really affect your decision-making if you really want to survive in the market need to be care full with the sentimental analysis beating updated. Better find your mentor by yourself who suits you better because it's not the MAths class where the same teacher can teach everyone. Secondly I really ....
Wasn't expecting the SR member to be sharing such signal source posts, Whatever people do there's always a back story. To be Noted for those who lose in the market If we just start treating all of them equally it would be a mistake on our end, if someone lost his/her funds in trading there could be a lot of reasons, maybe he/she didn't even know about trading, a weird reason can be maybe someone places a wrong limit order as well you know the game is based on perspective
.
Wasn't expecting the SR member to be sharing such signal source posts, Whatever people do there's always a back story. To be Noted for those who lose in the market If we just start treating all of them equally it would be a mistake on our end, if someone lost his/her funds in trading there could be a lot of reasons, maybe he/she didn't even know about trading, a weird reason can be maybe someone places a wrong limit order as well you know the game is based on perspective
. Jump to: