Topic: Reliability and perspective of cryptocurrencies? (Read 214 times)

Indeed however there are bunches of examination and even as well as can't be expected concede to an essential issue identified with crypto. It influences every one of us however in reality they are as of now exceptionally dubious inside themselves.

Some analysis given by these analysts are useful and reliable while others are just merely nonsense. Some of them really know cryptocurrencies, they might also be trying and using cryptos that's why they can make their opinions and analysis about it. But also their are analysts who know nothing about crytocurrencies. They only share their opinions for them to show that they are aware and that they know about innovation that is happening to technology, just  like using cryptos, but the truth is they don't really know anything about it. They just give their analysis for them to confuse and yes, to give suspicion about cryptocurrencies.

Analyst gives their perspective on cryptocurrencies and its 100% opinion , meaning it is not a fact that you should obey. They brainwash their followers most of the time because of the great speculation they have said and this makes the followers rely on that person. If they heard another different opinion from different analyst , the confusion begin. Closeminded people often leads to suspicion and confusion. It is better to collect some informations from different analyst and connect it to form your own definition and understanding.

Self analysis is still the best, if you rely your investment thoughts to anyone then you should get out of crypto world. It will only make you blame someone when your investment crash. Crypto investments needs thorough analysis and research, you must know how to get in and when to get out.

Yes but there are lots of analysis and even the best analysts can't agree on a basic issue related to crypto. It affects all of us but in fact they are already very controversial within themselves.

You're right. In the modern world, one can not trust the opinions of analysts, because they can be bought. You need to learn to analyze what profit you can get from investing in the crypto currency.

You cannot generalize the analyses these analysts make since they are all different depending on what crypto they are pertaining to. Some of it are helpful, some of it aren't. The most important thing is to know what analyses to read or promote to avoid confusion and wrong signals/noises. There are some bias analysts (especially on the mainstream media) and some honest ones, but the mere fact that there are both sides favoring each other, I wouldn't be surprised if you encounter shitty analyses every so often due to the analysts' affiliation.

Mainstream analysts replace theses mostly defending fiat, stating that it was not created "only" from thin air but we know it is!

It depends on the crypto you follow, you can't make generalities, all cryptos are different, some are scams, some are serious with a solid project

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Let's look at facts.

#1 Analysts pretend crypto is the only currency on earth that is "created out of thin air". No mention of fiat lacking intrinsic value.

#2 Analysts pretend crypto is the only electronic currency on earth. They fail to mention how much electricity banks and credit card companies consume and pretend bitcoin is the only currency on earth which utilizes electricity. "Bitcoin is unreliable as its electronic, leaving no paper trail." Every criticism made against crypto in an electronic sense should also apply to credit cards and banks.

#3 Analysts pretend bitcoin and crypto are the only currencies utilized for money laundering by drug cartels, terrorists and criminals. We have many cases of banks being far more guilty of that.

#4 Analysts attack bitcoin for being "unregulated". They fail to mention lack of regulation is one advantage china's economy has over the united states which causes china's GDP to grow while the united states GDP stagnates. Lack of regulation can lead to lower prices and less taxes. There may not be many real benefits to regulation in this day and age.

#5 Analysts claim "bitcoin is a bubble" without providing any real tangible evidence to support their claims. Many things analysts say about bitcoin and crypto are demonstrably false.

McAfee is a nutjob who is doing great damage to the crypto space. I wish people would ignore him instead of giving him so much publicity.

I think this is caused by the fact that the ascent of the Internet has
destroyed many revenue streams that the media publishing companies used to have in the past.

All the advertising money goes to Google and Facebook and the remaining
companies (e.g. the big news sites) are fighting for the scraps.

Mainstream analysts tend to defame Crypto-Currency in general, so it indeed creates a lot of confusion and suspision in people's minds about this subject, making many potential investors don't invest at all, fearing a loss that is imminent in the analyst's words. And it doesn't happen only when we talk about Crypto-Currency, all the subjects are being distorted by mainstream analysts: politic, economy, social behavior... Mainstream sources used to be very reliable before (or at least we were being lured to believe them without distrust), now things are changing.

The guys just found a new way to earn Bitcoin .  he offers to promote your coin for a fee.  Even demand a certain percentage of the coin.  For McAfee, promoting is a business so he does not care as long as he is paid.  I had read some screenshot from that guy charging some coins for his advertisement promising a several times price increase in return of Bitcoin payment plus token share.  Though the validity of that screenshot is questionable since we all know it can be edited.

Yeah for sure, just look at McAfee. He's been mumbling about a lot of crypto and what he says will be the next bitcoin just blindly goes up without even checking the fundamentals people just buy them.

I think that analysis from any major news outlet or any major corporation should always be taken with a pinch of salt, in fact any analysis should always be. It is hard for any analysis to be truly biased and normally they are trying to steer the market one way or another with their analysis so as to benefit themselves.

I think that for the future cryptocurrency is one of good choice to investment. We can get many profits from cryptocurrency or if we not enough money, we can join in an bounty an we will get reward from there

Unfortunately I believe so. The crypto market is huge, there are a lot of altcoins out there, so everything gets very confusing and it's hard to keep track of everything that's going on. It's normal for people to try to use the opinions of analysts and almost take them as their own opinion, specially if it has been proved useful in the past. The problem is, that most of these so called analysts don't really know what they are talking about either, but since they have a big number of followers, what they say ends up having an impact in the crypto world. This will increase their reputation even further, and their impact will keep growing.
I think people don't really care about what they are saying. It works as a signal, and when they say something good about a coin, a lot of people get the signal to buy, and the price goes up. It would be much better if people check their claims, and did their own research but this will not change in my opinion. It's a lot easier to be told what to do, instead of actually thinking.

Absolutely, for price no analysis is almost useful and everyone is talking about prices not development, future of blockchain, the worst is they most don't know to analyse prices as well.

Maybe they do to some extent, analysis can be a confusing process. Especially if you are a trader. It depends on how you tend to do it. If you use websites, every website has its own uniqueness, sometimes data from one website contradicts the data on the other, the subject in question being the same on both. Now you can get confused on which website is correct in terms of data. Media on the other hand also confuses people.
What can you do about it?
You interrogate. Ask people on various people on the internet, forums and the like. Because people tend to be cunts in real life but in the internet not so much. So you might get some good expertise on your subject.
In your analysis, try going through various modes of research and then take the final decision.

People in general don't know much about any subject that they are talking about, but since this it's part of their job, news people have to talk about it and try to make the best points they can make while having extremely limited knowledge. And the the viewers proceed to do the same.

You trust the opinions of others? Lol. You must use only their own knowledge and feelings. Then you will have a chance to earn. Altcoins very much and predict their behavior can not even the greatest experts. It's more like a lottery. You can't ask the seller what numbers to cross out.

Many analysts have an agenda and they do push that.

 Do analysis of mainstream analysts about development and the future of cryptocurrencies serve to make confusion and create suspicion in the reliability and perspective of the cryptocurrencies?