Topic: STOP FOLLOWING BITCOIN WITH SENTIMENTS! - page 2. (Read 2829 times)
Just as we determine our future. What we are doing now will be very influential in the future, and so will crypto. When you trust others without the results of your own research, it is tantamount to hanging your hands on someone else.
Experts give prediction and some people always consider what other think and says and get carried away by what most people think around them. It's like a nature for us to consider what other says but we still need to study and research on our own and not only based our actions on what other says. And don't give your full trust even on the experts because just like us, we're all just speculating what will happen in the crypto market.
It is a free market and anything can happen at any point in time because the market is largely influenced by the activities of traders and investors on the market. For this reason, one must invest with an amount that he can afford to lose. Patience is also required in order to hold calmly during bear market times till the price bulls.
In my experience, i think so many bitcoin investors are guilty of this, always watching out for bitcoin price and trying to predict in what direction the price will go every now and then. Some even go as far as studying charts trying to make analysis but then we all know bitcoin price is unpredictable. No one can tell which direction it will take at any given time. So its best you just invest and relax your mind and let events unfold on its own.
What you just put down here is the bitter truth, so many of us investors are just restless trying to predict the price of bitcoin everynow and then as we are so eager to get the profit we so much expect for the money we have invested. But then, we forget right from time, bitcoin price is unpredictable. Its something one should invest in and keep his or her mind relaxed and wait for the market to move in whatever direction it wants to move. Attaching sentiments to bitcoin will only cause us disappointment when price doesnt move the way we expect it to go.
The stock market prices largely driven by sentiments, and so it applies to crypto markets.
Any other idea or factors that follows the same scenarios like the stock market?
They both traded in an exchange platforms, so I don't think sentiments will be out of the picture.
Any other idea or factors that follows the same scenarios like the stock market?
They both traded in an exchange platforms, so I don't think sentiments will be out of the picture.
It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.
We are small investors with low investment, so please accept the daily truth that we are seeing. Why don't you accept that? Let them manipulate the market and become a dancer to be able to dance to the songs that elephants create. 
Sentiment is just a emotional regard or opinion. When one make an investment surely he has the belief that bitcoin will grow high. This can either considered hope on bitcoin's growth, emotional opinion or the positive attitude. With this someway people have some attachment to bitcoin with sentiment which is common and that can't be excluded.
People in general are emotional, they follow the sentiment, when it's bullish they are also bullish, that's why the smart investorscan easily manipulate the market to create more FOMO and bitcoin will be sometimes overbought, when that happened there will be some correction that will happen, and instead of relaxing, they do panic because they thought the market will die, then smart people buy the cheap coin again.
You are right about this post. The truth is so many people in the crypto space today, follow bitcoin with so much sentiments. They are always trying to predict when the price of bitcoin will pump high so they can cash out big and then to read all kinds of stuffs online to match what they expect about bitcoin. we should just buy and hold our bitcoins instead of always trying to predict bitcoin price every now and then.
Sentiment is just a emotional regard or opinion. When one make an investment surely he has the belief that bitcoin will grow high. This can either considered hope on bitcoin's growth, emotional opinion or the positive attitude. With this someway people have some attachment to bitcoin with sentiment which is common and that can't be excluded.
It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.
Crypto analysts do give a lot of divergent views of the market that can cause confusion to the trader as you rightly said a lot of sentimental decisions on bitcoin are mere statements which doesn't hold water, a hodler or trader should just do his research diligently so as to know when to buy and when to sell thus making profits consistently of course it is not an easy task all these requires acquiring adequate knowledge on cryptos so as to have an edge over the market. It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.
woooowww, you almost read my mind
just made a post exactly about this... the chart gurus are just doing the market makers bidding (some might know it, but I believe that a part of them doesn't even realise it), and the market makers keep on filling their pockets...People just had a great example about it... every expert was saying that BTC was going down, people shorted and boom... everyone lost their money... for the market makers pockets...
Not saying that it is not important to look at the charts, but do your own analysis... if you are not an expert, the same can be told of the majority of so called "experts"... better a rude analysis made by yourself...
It would be more correct to say "do not follow bitcoins with speculative and economic feelings". Because instead you have to be sentimental towards it: it is the true revolution of a world paradigm in which nobody now hoped anymore.
It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.
I think that's pretty obvious, market sentiments can change in a couple of minutes anyway, you should be the one that is careful about what your money goes into and you should have stop-loss on every single trade you make to make sure you won't take much of a loss if the price doesn't go where you thought it would, in other words you should have a plan B for your trades all the time when/if market goes against you.
I think it should be basic knowledge to keep yourself detached while you're in an active trade. Just stick to your plan because you're more in control when you made that. I agree that you should have a plan b or contingencies as well but bottomline is, have a clear target.
it is no longer the time to feel doubtful or thinks badly like the sentiment about crypto/bitcoin, playing calmly with optimism while digging into a lot of things to deepen meaningful knowledge and experience so that it progresses better with the efforts we prepare.
It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.
You can just read an article and believe in that right away. This is why there is so called "researching" which you can gather facts about it. Bitcoin is really unpredictable and we dont know when the manipulators start running it again. One thing is just for sure. Buy coins and take it with you together with a lot of patience.
Sentiments are always part of our human behavior as individuals who fear the uncertainties. I would suggest not to avoid these but try to educate oneself so that sentiments might be used positively. Ignorance of what is going on makes you bad at decisions making process. Educating oneself will help it.
This goes for any asset, manipulation via marketing and game theory is present in any market. People should always research the fundamentals and try to understand the thing they are investing in.
in some cases researching is really complicated, can you suggest latest btc hike?
The only sentimental we should have is making money. Even the most excited holders will sooner or later liquidate their Btc agains the correct price.
So, we should focus more on our target and do our best to reach it.
So, we should focus more on our target and do our best to reach it.
It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.
I'd say that's half true, considering a single order on Tuesday refreshed traders and ushers in a new buying spree. But if I may ask, if we don't follow bitcoin with sentiments what are we to do? We aren't '0's and '1's you know.
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