Smart decision I made toward the end of the bull run

TheGreatPython

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Quote from: bitcrystal on June 17, 2022, 04:14:57 AM

Did you mean you converted them to these coins and later sold to stable coins or are you still holding up till now? If so then maybe you are not in profit. Not every youtuber is a scammer there are some of them that are doing pretty well. Another thing you should note is that they are not project owners so you also should do your own research and decide only by yourself and stand by it.

Honestly, that is still a good decision. Because if you are going to get out of this mess, then you will need things that are solid and valuable. If we are talking about some small cap weird no name coins then we are not going to make any profit at all.

But, if we are talking about something that is like bitcoin or ETH then we are going to end up making a good profit and that matters. Sure ALL of them are down right now so the result so far seems like the same thing for all, but in a year or so you will see a difference where all those no name ones will not matter while the good ones will go back up to a great price which will make you profit at that time.

blue_hurricanger

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Quote from: Tellek Garing on June 17, 2022, 06:08:46 AM

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

I lent my lesson long ago when youtubers made me to believe so much in a coin that was over-hyped to reach $1 in price when listed and the coin sold as high as $0.49 towards the end of their public sale.

Since then I have learned to always follow my instincts and not to get carried away by those media scams that can mislead you in the decision-making process.

I have a motto that if I found a relatively new coin and it was good and looked quite promising. But there are many videos on YouTube about that coin already then that coin is in the overhype phase. Meaning it is riskier for me to buy that coin at that time so I should stay out.

yurez

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Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

You did everything right. The most important thing is to always follow your goal, think with your own head, conduct your own market analysis and not be distracted by unnecessary and distracting noise from the analysis that bloggers and youtubers give out. You have an excellent long-term portfolio.

VRExpress

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All I see is advices, it is left for you to take it or leave it, I used to listen to YouTubers just to hear what they have to say, you don't have to do what YouTubers advice you to, just apply your own wisdom and leave the rest.

fuguebtc

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Leading Crypto Sports Betting & Casino Platform

Quote from: wxa7115 on June 16, 2022, 01:35:26 PM

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

Those youtubers do not really know anything about the markets and most of the time they are just being paid to promote a coin or they have invested in that coin themselves, and they are promoting it in order to create a pump and dump on their own.

So with this in mind it is a bad idea to listen to them when they do not have our best interests at heart at all, also it would not surprise me if in the future the authorities begin to investigate those youtubers, as what many of them is doing can be considered illegal or at best irresponsible since the majority do not have any credentials which allows them to give such advice.

They are not analysts they are doing for the money, there is no reason for us to listen to their bullshit advice.
We have to do our own research and evaluation of each project we want to invest in, if we do it ourselves we will be more confident and optimistic if there is a bear market because we already know what stage the project is in and the project development goals, if we invest with our ears when the market drops, we will panic and sell at a loss.

NewRanger

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Buzz App - Spin wheel, farm rewards

Quote from: BobK71 on June 16, 2022, 10:57:33 PM

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

I personally don't believe in youtuber. Because I have seen that most of the time the opposite happens to what they suggest. So I myself do not listen to Youটube especially on investment. I try to do what is in my mind. YouTubers usually try to get subscribers to their channel. The investment is completely yours, so you have to take the profit and loss, but if you loss your assets by others suggestion, the pain is greater. So it is better avoid them.

they only want to create hype in project they hold. Truely they got benefit from its review beside adsense. Usually they got money from marketing team. As investors we must focus on our own research or observation, if we find important value from its project we could be proud when it be succesfull project in market.

ilovealtcoins

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SmartFi - EARN, LEND & TRADE

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

Congratulations, a smart decision. Holding bitcoin and ethereum at the moment is safer than any coin even with stable coin. we may lose if we hold btc and eth for the time being but in the long run they recover and we can still make a substantial profit. as long as you hold it. Don't sell for any reason until it makes a profit.

$anounimus$

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Activity: 1610

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www.licx.io

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

Of course, there's nothing wrong with that because it's emotions that drive us to do all kinds of things. Crypto is an emotionally driven market so you will often find yourself making decisions based on fear or greed.

As for me, I've decided to stick with BTC and ETH, as I use them more often. I also have several SOL in my portfolio. Bitcoin Cash and Monero are also worth it, but I don't plan to invest much in them. XRP doesn't really appeal to me either, though it's pretty popular right now. so anything that improves the protocol and adds value to your investment do it and this will be relevant for you going forward.

fuer44

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Activity: 1652

Merit: 262

youtube, forums, twitter, telegram, they all just give advice and predictions while the final decision remains in our hands. it will always be risky when we look at other people's suggestions, especially for new coins that are predicted to rise after a bear market. I also prefer to make my own decisions and etherum remains the best choice.

Tellek Garing

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Activity: 854

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Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

I lent my lesson long ago when youtubers made me to believe so much in a coin that was over-hyped to reach $1 in price when listed and the coin sold as high as $0.49 towards the end of their public sale.

Since then I have learned to always follow my instincts and not to get carried away by those media scams that can mislead you in the decision-making process.

Bonenx14

sr. member

Activity: 1033

Merit: 250

Leading Crypto Sports Betting & Casino Platform

Quote from: globalpain on June 17, 2022, 03:27:13 AM

I'm sure a lot of holders and traders here have lost more than 50% at this time,
I myself have also lost -80% and what I do is Hold until everything returns to normal, right now things are not okay,
because it's not just me and i know that, this is a mistake when trading and investing and it's normal,
of course there is still a chance to think much better when everything is bullish again, cheers

The final option is to be patient and hold the asset until the market is bullish again although it is not known when it can happen again in the market, but if you still hold your assets very well, then it's not a mistake in my opinion because in fact I also still hold some coin at this time

bitcrystal

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Activity: 425

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Did you mean you converted them to these coins and later sold to stable coins or are you still holding up till now? If so then maybe you are not in profit. Not every youtuber is a scammer there are some of them that are doing pretty well. Another thing you should note is that they are not project owners so you also should do your own research and decide only by yourself and stand by it.

globalpain

full member

Activity: 1260

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The OGz Club

I'm sure a lot of holders and traders here have lost more than 50% at this time,
I myself have also lost -80% and what I do is Hold until everything returns to normal, right now things are not okay,
because it's not just me and i know that, this is a mistake when trading and investing and it's normal,
of course there is still a chance to think much better when everything is bullish again, cheers

19Nov16

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Activity: 1722

Merit: 252

Today's Market Red Again, Bitcoin is almost $ 20k, and if this happens there will be a larger panic than before, some of the low prices that I installed in Spot Exchanges are fully charged, when the price of Bitcoin is around $ 23k I put a price of $ 21 K, and when the price of $ 21K I put the price of $ 20750 and today is fully charged, hopefully the market will soon be great again.

Queenboss

copper member

Activity: 170

Merit: 0

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

It's understandable that holding btc and good altcoins like ethereum and Solana are great, but I believe it would have been much better if you had converted to USDT or other stable coin and bought btc like now at a much reduced value. If you have decision to hold for long term, then you've made the right decision as the value of Bitcoin would still correct and hit a higher ATH before long.

BobK71

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Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

I personally don't believe in youtuber. Because I have seen that most of the time the opposite happens to what they suggest. So I myself do not listen to Youটube especially on investment. I try to do what is in my mind. YouTubers usually try to get subscribers to their channel. The investment is completely yours, so you have to take the profit and loss, but if you loss your assets by others suggestion, the pain is greater. So it is better avoid them.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Rasa nanas on June 16, 2022, 08:05:44 PM

you can even destroy your own life. not all crypto youtubers intentionally want to create hype or FOMO for a moment with the aim that the price of certain coins can go up drastically because many crypto youtubers convey information correctly and the goal is only to exchange opinions. Believing in your own analysis is important but to do analysis you need referrals, and you can get referrals from youtubers or crypto influencers.

You're right, not all youtube influencers are spreading false information because some of them are giving correct info that can be use as reference, though having our own research is necessary. Thats why its a must to only follow these youtubers who are creating informative and helpful content.

Anyway we're still in bear market now and coins are decreasing in price. Converting your alts to Bitcoin and Eth are a wise move because they're establish and you dont have to worry that it will turn to shitcoins or be delisted in exchanges.

Rasa nanas

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Activity: 1442

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you can even destroy your own life. not all crypto youtubers intentionally want to create hype or FOMO for a moment with the aim that the price of certain coins can go up drastically because many crypto youtubers convey information correctly and the goal is only to exchange opinions. Believing in your own analysis is important but to do analysis you need referrals, and you can get referrals from youtubers or crypto influencers.

uneng

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Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: wxa7115 on June 16, 2022, 01:35:26 PM

Quote from: dhru9 on May 12, 2022, 07:46:59 PM

I converted all all my altcoins to btc and eth and solona and stop listen to youtubers.
The youtubers can ruin your life. make your own decision and you will be fine.
This is relevant for me.

Those youtubers do not really know anything about the markets and most of the time they are just being paid to promote a coin or they have invested in that coin themselves, and they are promoting it in order to create a pump and dump on their own.

So with this in mind it is a bad idea to listen to them when they do not have our best interests at heart at all, also it would not surprise me if in the future the authorities begin to investigate those youtubers, as what many of them is doing can be considered illegal or at best irresponsible since the majority do not have any credentials which allows them to give such advice.

Youtubers make their income through adsense and sponsorship, so they aren't really concerned if their advices will work for real when applied on practice by their public. Usually they even state at the beginning of the video informations contained there shouldn't be taken as financial advice, meaning they don't take any responsability for what they say. Thinking logically, there is no reason to take what they say in consideration then.

it's much better to pay attention to the facts and events happening in the world than paying attention to youtubers. This way you can predict the market and manage your investments much more efficiently.

cheezcarls

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Activity: 2282

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Looking for gigs

I will always be bullish with Bitcoin no matter how long this bear market will last. I have made mistake back then for not buying Bitcoin early but rather choosing shitcoins to hold for a long time until it goes crashing down to earth. DCA with Bitcoin is the best decision that I have made right now even if there are no guarantees or promises about its future bull run.

This is already my second DCA purchase with Bitcoin with my extra "not beer" money. However, if I am earning more than my monthly average I would add ETH to my DCA plans.

Unfortunately not SOL, I don't have confidence with it because of numerous network outages.

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