Topic: Stay on top of the tide (Read 201 times)
It doesn't matter if they are newbies or pros, no-one can predict what is going to happen. So called analysts and pros have been calling the bottom alot this past year, mostly aroun $6500. Clearly these 'experts' were wrong
Knowing and getting constant information on what is making the news in the cryptocurrency market is quite important but is also important to make sure the news are authentic
Do not succumb to FUD or shills always be informed and reach your own conclusions. (We would of course not always be right, but it gives us options)
This would help you stay ahead of the tide and ride the wave when it hits.
As a newbie it is very difficult to understand the FUD and shill. I think instead of investing in cryptocurrency, first need to learn about crypto currency.It is the same when you invest in share market, you first to try to know about stock market and learn about specific share and company before investing.
Agreed, The Most important resource is information and news thou some of that news comes inform of FUD. One has to trade by their principles and not to be shaken up some random stranger's words.
Each of us have different targets... to some 30K would be enough price target other are looking way beyond that.
Each of us have different targets... to some 30K would be enough price target other are looking way beyond that.
Honestly I think no matter how speculative or calculative we are, it's almost impossible not to fall prey to a dwindling market, and come to think of it it's impossible to forsee a drop in the price,so it's almost impossible to avoid.I'll only say it's down to luck and purchasing at the right time,probably when the price is stable
Don't depend on another person's opinion as they only suggested rather than your own conclusion in the situation of the price right now. As far as i know, if you let yourself taken by the FUD mentioned by another expert or crypto enthusiast then you're in big trouble if you don't ask yourself what to do. Think first or you'll regret the decision you're making.
don't you think is contradicts in a way to not paying attention to shilling and FUD
I did not suggest that we ignore FUDs and shills, I rather explained that it would be in our best interest not to...
...succumb to FUD or shills always be informed and reach your own conclusions.
Don't make your decision in panic during drop or excitement during a pump, rather consider all available data, information, suggestions and opinions and use these tools to navigate the market.
Well in as much as you are very correct on staying informed and trying to know what's going on and dancing to the beat of the gotten information don't you think is contradicts in a way to not paying attention to shilling and FUD let's break this down a bit
FUD = which can mean fear uncertainty and despair
Shilling= can mean when a project gets recommend by individuals, news e.t.c
In investment it's not all about paying apt attention to news or information making the rounds some of the news can be sponsored FUD and shilling which can turn out to be false some expect make up some fake analysis due to there reputation(or paid partnership) some news agency can put it out as a piece of information.
It's always good to addition to news and information you can do your personal research and review also believing in your instincts. Never trust anyone ask more and more questions have a wide range of news sources and most importantly have a good deal of patience
FUD = which can mean fear uncertainty and despair
Shilling= can mean when a project gets recommend by individuals, news e.t.c
In investment it's not all about paying apt attention to news or information making the rounds some of the news can be sponsored FUD and shilling which can turn out to be false some expect make up some fake analysis due to there reputation(or paid partnership) some news agency can put it out as a piece of information.
It's always good to addition to news and information you can do your personal research and review also believing in your instincts. Never trust anyone ask more and more questions have a wide range of news sources and most importantly have a good deal of patience
The crypto market has been plunged into a deep bear market. Bitcoins market cap stands now at $67 billion.
This is a drop of over $43 billion dollars in a couple of weeks. And this has spread panic, fear, uncertainty and dismay in the entire cryptocurrency community.
This is a common scenario in this space, while Bitcoin remains a speculative asset it's price is prone to wide, sudden fluctuations.
So an an investor you should strive to always stay ahead of the tide, by having up to date information and data, and what is going on, who is doing what and why that is happening. This would help you make decisions at the right time and avoid being caught in the panic.
Information and timing is very vital as an investor. Newbies sometimes buy whenever they are introduced without finding out if it's the best time to buy. And adopt the strategy of hodling without knowing what is going on in the market. They end up buying at the top and selling at the bottom, and effectively making money for the more informed traders.
Do not succumb to FUD or shills always be informed and reach your own conclusions. (We would of course not always be right, but it gives us options)
This would help you stay ahead of the tide and ride the wave when it hits.
We should all take notes from this current market, I strongly believe this is not the end of Bitcoin as most say, but market circles like this would always happen, and we should take precautions to protect our investment.
This is a drop of over $43 billion dollars in a couple of weeks. And this has spread panic, fear, uncertainty and dismay in the entire cryptocurrency community.
This is a common scenario in this space, while Bitcoin remains a speculative asset it's price is prone to wide, sudden fluctuations.
So an an investor you should strive to always stay ahead of the tide, by having up to date information and data, and what is going on, who is doing what and why that is happening. This would help you make decisions at the right time and avoid being caught in the panic.
Information and timing is very vital as an investor. Newbies sometimes buy whenever they are introduced without finding out if it's the best time to buy. And adopt the strategy of hodling without knowing what is going on in the market. They end up buying at the top and selling at the bottom, and effectively making money for the more informed traders.
Do not succumb to FUD or shills always be informed and reach your own conclusions. (We would of course not always be right, but it gives us options)
This would help you stay ahead of the tide and ride the wave when it hits.
We should all take notes from this current market, I strongly believe this is not the end of Bitcoin as most say, but market circles like this would always happen, and we should take precautions to protect our investment.
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