STOP FOLLOWING BITCOIN WITH SENTIMENTS! - page 4.

shesheboy

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Quote from: killat on March 29, 2019, 12:02:11 AM

Nobody has sentiments for Bitcoin, I can ensure you. Everyone has a target/threshold that when Btc will reach it, the sell will come. And that's because everyone is here for money, not for sentiments:)

yes i agree everyone comes here for money but not only money but for the good purpose of bitcoin as well . however there are people who are making thier own sentiments about bitcoin and others will also believe on what they were saying which was not good at all times because most sentiments are unreal .

Quote from: taguig on March 29, 2019, 02:41:41 AM

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.

1m usd ? wow thats freaking huge and seems unbelivable already , for sure no one will believe him not even newbies . he even said that he will eat his own d*ck but that also impossible . john m is a big joke .

taguig

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Quote from: kooboat on March 28, 2019, 08:39:01 AM

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 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.

Ayiranorea

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Quote from: Kakmakr on March 29, 2019, 12:37:35 AM

I do not think it is sentiment, but rather optimism and hope that the price will recover to the ATH where it was before. The previous ATH has placed a benchmark for people to achieve that price again and with the price being more than 80% lower, people might be over optimistic about the recover potential of this investment.

Take every small increase in the price as a big bonus and not as something that must happen in the future and you will be fine. Wink

Yes, the previous price increase taking it close to $20000 has got turned to be the benchmark and people live on the same sentiment without understanding the true market. Even now there is regular growth after small swings between time which can be considered good for a long term gradual growth.

Kakmakr

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I do not think it is sentiment, but rather optimism and hope that the price will recover to the ATH where it was before. The previous ATH has placed a benchmark for people to achieve that price again and with the price being more than 80% lower, people might be over optimistic about the recover potential of this investment.

Take every small increase in the price as a big bonus and not as something that must happen in the future and you will be fine. Wink

killat

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Nobody has sentiments for Bitcoin, I can ensure you.

Everyone has a target/threshold that when Btc will reach it, the sell will come. And that's because everyone is here for money, not for sentiments:)

FlamingFingers

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Quote from: avikz on March 28, 2019, 09:04:27 AM

Quote from: kooboat on March 28, 2019, 08:39:01 AM

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.

This method applies for any investment asset and not just to bitcoin. Own research and listening to your own thought is very very important when it comes to any type of investment.

However, I don't agree to that part of the statement where you have said "the price of bitcoin is largely depended on few individuals who have the power to manipulate the market." Definitely there are whales in the market who owns large amounts of bitcoins using which they can create fake demand or supply to manipulate the price. But are they really doing so??

I remember reading a chainanalysis blog post few months back where they have analyzed the bitcoin usage trend of the most wealthiest whales and proved that they are accumulating bitcoins in small quantities and not really manipulating the market. Read it from the below link,

https://blog.chainalysis.com/reports/bitcoin-whales-oct

I hope this research paper will clear some of your misconceptions about whales!

There is no market that doesn't have manipulation, whether it's apparent (as 'experts' claim cryptocurrencies' is) or sneakily running in the background. However, I do agree with this. How many 'Big Flash Bad News' pieces and articles from cryptocurrencies media that state some whale has moved a big amount of coins to an exchange which warrants fear of a dump? Then it turns out that the exchange itself is just changing wallets/addresses (happened with Binance not so long ago).

Oceat

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I believe there are some groups out there who do make these misleading news that most newbies would probably believe them. But once we do our own research and understand the fundamentals. We will make our own statements based on the fundamental analysis that we've been researching. But never follow a sentiments.

CaVO32

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Quote from: X7 on March 28, 2019, 08:45:16 AM

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.

this is where most people failed to do - the basic things that will aid them in understanding the market. people are lazy to do their own research, so they just rely from someone else's predictions. this should not be the case. since it is your money at risk, you should be the only one responsible on how you decide on things. those speculations and predictions are your guide but you should not be reliant on those things.

Aikidoka

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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$.

1Referee

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Quote from: ballerin and giroud on March 28, 2019, 02:28:59 PM

I think 2018 was a reason for us to not have full trust in predictions who made by an expert. How many expert who says bitcoin will have a high price more than 2017? But the fact was not, the price bitcoin fall deeply and made a huge lost who felt by investor. And now, if there is someone who still believe to an expert says I don't think he will has a quietness in his life. Different with someone who made a research by his own self, I'm sure he will knows what should he do in this current situation and he will knows when he should hold or sell.

Most of these so called experts follow the improved fundamentals, link it to what happened in 2017 and based on that assume that the price should be higher, or at least just as high as the 2017 peak. Tom Lee is the perfect example of how someone who totally rekt himself by making stupid predictions and market analysis.

Following the trend is super important. I get it that people preferred to wait in 2018 before selling, just to see whether or not it bounces back up, but there were so many signals that pointed at a bear market, that you should have sold somewhere above the $10,000 level. I personally didn't take any profits between $6000-$7000 but that's because I had too much faith in the strong support around $6000, which is my fault.

People seem to dislike TA, but it has been a solid guide so far. I should have taken it more serious sooner.

pixie85

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Quote from: avikz on March 28, 2019, 09:04:27 AM

I remember reading a chainanalysis blog post few months back where they have analyzed the bitcoin usage trend of the most wealthiest whales and proved that they are accumulating bitcoins in small quantities and not really manipulating the market. Read it from the below link,

I agree. The market that we are watching on the charts is manipulated but most whales trade OTC. If the news are true only a very little coins is traded on the exchanges and it's always the same coins bought and sold over and over. One thing that influences the charts is the miners selling because most of them do it on exchanges. The other is people who bought years ago and got tired of waiting or have things to buy. Rich people are buying.

xWolfx

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Quote from: jossiel on March 28, 2019, 05:15:51 PM

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.

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.

jossiel

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Quote from: X7 on March 28, 2019, 08:45:16 AM

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, 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.

awawo

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Holding is good for long term investment and at that you just buy and hold for a certain period of time and decides to sell in future when the price have appreciated, bit if you are a passive trader in this current market which is full of manipulation you need to follow the trend of the market as it frequently being manipulated by the big players in the bitcoin market.

Zadicar

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As an investor, you wont really able to avoid these kind of analysis came from other sources or even to popular people on the net specially into this crypto field.
If you are smart enough you can able to utilize those news or fundamentals to be part of your investment strategy.You can either apply or just simply ignore
depending on your own discretion.

ballerin and giroud

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I think 2018 was a reason for us to not have full trust in predictions who made by an expert. How many expert who says bitcoin will have a high price more than 2017? But the fact was not, the price bitcoin fall deeply and made a huge lost who felt by investor. And now, if there is someone who still believe to an expert says I don't think he will has a quietness in his life. Different with someone who made a research by his own self, I'm sure he will knows what should he do in this current situation and he will knows when he should hold or sell.

serjent05

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Quote from: X7 on March 28, 2019, 08:45:16 AM

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 but the problem with some people is they know what to do, they know the truth and they are wise but, the moment they hear rumors they are easily carried away and they forget the right thing to do. Either they rejoice and are excited too quickly with an unverified news they heard or wail quickly as they hear unverified bad news. Funny but I think it is an instinct in every individual.

reda

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Quote from: jakelyson on March 28, 2019, 12:09:21 PM

Smart people will not rely on anyone to do the analysis of the current market for them.

So is with wise investors. If you are one who relies on others to do it for you, then you are in big trouble. Most of them who claimed experts on bitcoin and cryptocurrency and the market do these to bait others in doing what they want to happen. Then they could easily control the price and benefit from it.

I will say smart people might converted their bitcoin to USDT in the time of peak and now they are enjoying with the funds. I knew few people was hodling bitcoin for long term since 2014 and made the good idea at the time of peak value.
Now they are enjoying and doing the world tour without any upset or problems.

May be next bull run i will do that and enjoy coming days.

jakelyson

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Smart people will not rely on anyone to do the analysis of the current market for them.

So is with wise investors. If you are one who relies on others to do it for you, then you are in big trouble. Most of them who claimed experts on bitcoin and cryptocurrency and the market do these to bait others in doing what they want to happen. Then they could easily control the price and benefit from it.

dothebeats

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With the growing number of 'experts' on the playing field giving predictions and analysis to unknowing people and newbies (with some asking for subscription fees, lol), it really is alarming and worrying that some people are still diving head-first on waters they can't fathom how deep. Many are still just following the herd without prior research on what they are going to run into, resulting in disappointments and lost of funds that could have been used into something even more important. Bitcoin is an excellent investing, and with that comes excellent con-artists and deceivers who will loot unknowing beginners and newbies off of their money by selling predictions that won't really work.

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