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.
As an additional, we should look also for the technical analysis of each coin we are holding.. Its better if we learn all the basic knowedge and informations in regards of trading cryptocurrency.. This will help us to protect and gain more profits with our investments.. Aside from that, if we have enough knowledge with this matter we have a control with our emotions.. We can go with the flow... Just dont let your emotions overcome your intelligence.. 
Topic: STOP FOLLOWING BITCOIN WITH SENTIMENTS! - page 3. (Read 2829 times)
I completely agree even i created one thread about exiting from market . Investing on market required lots of Analysis , Research as well as background verification . Same applies for Exiting from Market . Crypto Market is highly volatile . We cant predict the profit margin It may 100 times or 1000 times profit or loss . But better we should start to put profit margin and Stop loss while trading.
Fully agree with you and i have been one the dark side as well trusting others to backup some unacknowledged informations.
Sometimes you wil also need to feel how high your stakes are in terms of some investment you wish / want to make in some specific time / moment / occasion.
Take for example the last night's price surge. You should know if you do invested in time you would win such big profits. And eventually you can end up being sad as you have lost a good profit.
But then you sit and think what can you do to improve your investments.
Other times when investing there are some people who rather prefer to manipulate newbies thinkings by telling them to BUY immediatly some so the price goes up for their own profits (the manipulators ofc).
Newcomes need to stay active but alert and get informed of everything thats going on around them.
Sometimes you wil also need to feel how high your stakes are in terms of some investment you wish / want to make in some specific time / moment / occasion.
Take for example the last night's price surge. You should know if you do invested in time you would win such big profits. And eventually you can end up being sad as you have lost a good profit.
But then you sit and think what can you do to improve your investments.
Other times when investing there are some people who rather prefer to manipulate newbies thinkings by telling them to BUY immediatly some so the price goes up for their own profits (the manipulators ofc).
Newcomes need to stay active but alert and get informed of everything thats going on around them.
Bitcoin shouldn't be followed by sentiment. Some people here in this community trust bitcoin and they know that this is just the beginning of this technology, so they still believe in bitcoin and invest in it, like I do, and there are other people who afraid when they see this huge volatility of price in the market, so mostly they quite the crypto world because they find it so risky. Everyone is free to quite or to be a strong believe in the crypto, more especially bitcoin. Personally, I get a huge profit from bitcoin and I know how the market goes and I'm still in profit even when bitcoin decrease to 2k$.
The cryptocurrency market is a market which usually deviates from the way we expect it to and as such it should be considered as a game of chance. Today its like this, tomorrow its the other way round. It is no place for people with emotions. Patience together with perseverance will help better than sentiments.
Just enough if someone want to invest or do trading for theirs daily activity they should know about the theory. I meant theory of investing in bitcoin such as some factors which will make bitcoin has a function in the future and make the price high than he bought before. And if he will do trading he should knows some analyst such as fundamental and technical, those factors are enough to be theirs self without show an interest to what other people says. However, if there is someone who has an interest and even lean on his investment or his trade to other people then we will see how miserable he is cause he doesn't has identity to make him survive.
100% investment in any asset is not treated as a wise decision, its hard to predict any financial market as almost all the financial markets have manipulators to manipulate it. Its always recommended to take any investment decision after a proper research of the market/product and only the amount should be invested which one can afford to lose. Rest market sentiments also play a vital role in movement of any financial market so do not find it wrong to invest in Bitcoin as per market sentiments, one can miss a good profit by not investing in any asset at the right time.
They are rich which means they can buy more coins therfor following what they say is a good idea because if they say that the price will going to pump , they also do something to make it happen . while other regular individuals that loves to speculate and make predictions are likely going to fail because they cannot back their claims . bitcoin is about sentiments so why stop follwing sentiments when sentiments is the main reason about the price change ?
Being rich is meaningless unless you're a market mover on one or more Bitcoin exchanges.
Mike Novogratz is the perfect example of how being rich doesn't yield you anything when you have no clue about how irrational this space really is. He is a perma bull who got rekt hard, personally and professionally. Imagine how many institutions invested just because this fly-by guru told them that this market would explode in 2018.
Tom Lee is also a multi millionaire, yet his predictions were all shit. I'm not sure if he actually invests in Bitcoin, but if he did, he is rekt too.
One thing these so called experts and gurus have in common is that they only speculate and not build to make this space a better and more useful place. Parasites they are. Fuck them. Enjoy your expensive bags.
The same thing is happening in crypto but crypto market is less mature and unpredictable investor behaviour can easily screw all your analysis.
I believe following market sentiments without reasoning or asking questions is the recipe for getting rekt in cryptocurrency market.
In as much as I believe that there are good analyst who are well versed in cryptocurrency price prediction.
One should also be cautious in following .
This is because of the volatile nature of cryptocurrency that seems to make a mess of prediction.
In as much as I believe that there are good analyst who are well versed in cryptocurrency price prediction.
One should also be cautious in following .
This is because of the volatile nature of cryptocurrency that seems to make a mess of prediction.
They are rich which means they can buy more coins therfor following what they say is a good idea because if they say that the price will going to pump , they also do something to make it happen . while other regular individuals that loves to speculate and make predictions are likely going to fail because they cannot back their claims . bitcoin is about sentiments so why stop follwing sentiments when sentiments is the main reason about the price change ?
Being rich is meaningless unless you're a market mover on one or more Bitcoin exchanges.
Mike Novogratz is the perfect example of how being rich doesn't yield you anything when you have no clue about how irrational this space really is. He is a perma bull who got rekt hard, personally and professionally. Imagine how many institutions invested just because this fly-by guru told them that this market would explode in 2018.
Tom Lee is also a multi millionaire, yet his predictions were all shit. I'm not sure if he actually invests in Bitcoin, but if he did, he is rekt too.
One thing these so called experts and gurus have in common is that they only speculate and not build to make this space a better and more useful place. Parasites they are. Fuck them. Enjoy your expensive bags.
I don't think that the crypto whales will control and manipulate the crypto market forever.With mass crypto adoption,their ability to manipulate prices will become only weaker.Anyway,I don't have sentiments towards bitcoin and I don't trust crypto gurus.
we know all this, what happens on the market and we are actually looking for the truth and accuracy of predictions and this we can get with the theory that we have learned not by following those who are predominantly whale predictions that are misleading, we must be wise and can compare other people's opinions about
bitcoin is mainly a matter of predicting bitcoin in the future so we don't fall into sentimentation bitcoin too far
bitcoin is mainly a matter of predicting bitcoin in the future so we don't fall into sentimentation bitcoin too far
I am much aware that before entering in cryptocurency, bitcoin is really unpredictable, volatile and unstable. And before I decided to invest in bitcoin, I already know about whales manipulation of the market. I know the risk. But despite of that, I invested bitcoin because I know the disadvantages and advantages of it.
True, manipulation is happening in every market. And to those that have been leaning with crypto analysts and experts, I find it helpful and not sometimes. When I was new to the market, I used to believe those predictions made by the big names.
Some of them became popular because of the close call that they made. But most of them that predicted the market lately were too inaccurate to tell where the market is going. With regards to your funds, trust no one and play it on your own.
Some of them became popular because of the close call that they made. But most of them that predicted the market lately were too inaccurate to tell where the market is going. With regards to your funds, trust no one and play it on your own.
Truth. Finding someone trustable this days is not easy at all.
Especially when it involves money i imagine. Because scams happens everywhere, not only in the Crypto World. Everyone is and should be responsible for their funds, it's as simple as that. At least for now, that is practically the only way to go.
That or exchanges/online wallets that tend to get hacked pretty often. When if banks jump in, it will be interesting to see what the people do.
A piece of advice. Do not relay on other's opinion or point of view. You can do your own reseach of experinent to know the answer of your questions. Because no one can predict or guess what will happened next here in bitcoin industry espicially in predicting or guessing the bitcoin's price. And I think no one is expert i bitcoin industry.
Exact as what I'm saying, don't rely with others opinion. It's good if you will take those important notes but don't fully rely on them that includes your decision making with whatever the status of the market. 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.
True words but
In the case of low liquidity in the market, whale impact is greater, as is the case now
But in the end the investor must learn to be able to protect his money.
It has become increasingly unpredictable to know what would happen on the crypto market at any point in time.
truth
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.
this is your opinion, if these guys have so much power to manipulate the market, then why do not they raise the price more than $ 20,000?
Most analysis that are made on bitcoin are just made with mere sentiments and nothing else.
truth, but even technical analysis has been a major failure
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 agree
My plan is still to hodl a few bitcoins the next ten years or longer
Hold for ten years? This is many years, are not you making an exaggerated plan?
It's wisdom to invest into bitcoin especially now that the price is very low but it's common sense to hold pending when market recovers instead of following the trend and selling at a miserable price.
Know when to enter ,when to hold and when to sell...this is what makes all the difference in Cryptocurrency.
Know when to enter ,when to hold and when to sell...this is what makes all the difference in Cryptocurrency.
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 agree, these analyst just guess what will happen next. Their statement is too universal that it will bound to happen on the long run but when is unsure. They provide us with charts, take some part and analyze it according to their understanding and yet, it may go either way. It has been proven, and most of us witnessed that many so called famous analyst failed to predict the next event in that certain period of time. We can use their prediction as reference and decide things ourselves. Besides, there is always more than one point of view regarding the market and it is best if we consider these things.
Most people misjudge bitcoin. They only see a moment's profit, without learning more risk in it. When playing investment in the wrong way, it will hurt yourself and make the value of bitcoin worse in the eyes of many people.
And that is one fatal mistaken on their end, specially if they think that the price of Bitcoin could go on parabolic rise. How many noobs investors who got burned when they FOMO and irrationally buying bitcoin at the top price in 2017?
I don't trust these experts 100% percent logic tell us to be realistic, if you follow these so-called experts like John Mcafee you will end up losing imagine that he predicted that Bitcoin will worth $1 million at the end of this year, now is this realistic, if you believe that you will end up selling everything you have.
It's because there are no so called experts here. They are just like you and me in this market, a speculator and just go and make predictions based on news and the market sentiments. John McAfee is more of a influencer, and other who is perma-bull is obviously either have companies who worked with clientele of investors or just have a huge investments on bitcoin that's why they keep preaching the same thing over and over again.
Its always the same in every asset on every market. I guess the most of you know this kind of picture:
Its the truth, every market works in cycles... sometimes the cycles are longer, sometimes the cycles are shorter.
Its the truth, every market works in cycles... sometimes the cycles are longer, sometimes the cycles are shorter.
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.
Cryptocurrency has no physical intrinsic value so sentiments is the main bitcoin price driver. Bitcoin price will rise if people expect that bitcoin has good future and increasing demand. Although whales also has power to manipulate it but those whales also see the sentiments, we only interested in safe investment, honestly I will not invest in something which is uncertain. If there is good sentiments for bitcoin then I will buy but if not then I will sell, I think it is logic decision. Jump to: