Time to be cautious: Everyone is not market expert

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Quote from: Sophokles on March 10, 2024, 07:30:40 AM

It is not true that there isn't any experts in the market. People who have been in the industry since its beginning have vast experience about the market and its behaviour. They can identify any market changes quickly and their experience helps them make a profit even when the whole market is not doing well.

Agree. There should be experts in crypto market. People who have good knowledge and have a lot of experience for many years, they deserve to call as experts. However, experts aren't the people who know everything in crypto market. They mostly can predict the change of crypto trend but they probably may not predict it sometimes.

Quote from: Rasa nanas on March 22, 2024, 01:14:22 AM

Everyone has the right to make an analysis and share the results of the analysis made, and your right not to believe or believe that analysis. I often read about analyzing crypto market conditions and which altcoins will increase in price in the future. Yes, I only read to gain insight and reference, but regarding investment decisions I of course do my own research.

Correct. It is no problem to share our own analysis with others. However, we don't force people to follow it. For the decision to be made, it must depend on own analysis. Never consider to invest in certain coins just because of other people analysis.

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Quote from: Muslimin mj on April 07, 2024, 07:20:06 PM

Yes, I really agree with your current understanding. because there is so much analytical speculation that will be present in the near future followed by increasing prices of BITCOIN and several Altcoins. So we have to really filter the information so that we don't make hasty decisions and don't lose assets.

And don't be affected by them a lot because you're on your own on this market and you shouldn't be dictated by those predictions that you're readying.
Many of them becoming experts during the bull run and then they're likely fly-by experts after the bull run, so don't be too hyped with those influencers or experts that comes out telling you what to do.

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Quote from: kentrolla on December 07, 2023, 09:05:56 AM

From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.

Folks, it's times to be more cautious than every and never go with any random prediction provided over telegram or through blogs as it's a routine that once the crypto market is trending upwards and bullrun is expected we see a lot of experts in the market via various channels like Youtube, Twitter, Telegram, Discord and WhatsApp group sharing random coins with catchy headlines like "Top 5 altcoins with 100x pump", "Whales are investing in these altcoins", "Altcoins which will go to moon", etc.

Please try to understand these are the same people who spreads fud during bear market and impersonates as experts.

Don't go with any such predictions and rather do your own research because I have seen people randomly investing into shitcoins just because it's mentioned over Twitter and the person who has tweeted has huge followers. There will be so much of deceiving as they will share some 10 coins and even if one of them prospers they will use it as upselling point.

Yes, I really agree with your current understanding. because there is so much analytical speculation that will be present in the near future followed by increasing prices of BITCOIN and several Altcoins. So we have to really filter the information so that we don't make hasty decisions and don't lose assets.

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Quote from: Hypnosis00 on December 07, 2023, 05:57:27 PM

Therefore, we have to stop relying on others instead, we have to trust and save ourselves. Just to think that if others can make their market prediction, it is not impossible for us to do it because all the data is already available, only we need to analyze it and make decisions based on what we understand.

In fact, many people have lost their money from following these influencers claiming that they are an expert, yet they never know what crypto really is.

I agree with you that many people are trapped by following the wrong news or influencers, especially those who are new to investing without being equipped with sufficient knowledge so that they experience big losses which in the end can make them come to the conclusion that crypto investment is wrong. Therefore, it is very important to have knowledge about crypto and analyze the market as much as possible before making a decision in order to minimize the potential risks they face.

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Everyone has the right to make an analysis and share the results of the analysis made, and your right not to believe or believe that analysis. I often read about analyzing crypto market conditions and which altcoins will increase in price in the future. Yes, I only read to gain insight and reference, but regarding investment decisions I of course do my own research.

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Quote from: gabbie2010 on December 07, 2023, 03:29:07 PM

Quote from: kentrolla on December 07, 2023, 09:05:56 AM

From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.

Folks, it's times to be more cautious than every and never go with any random prediction provided over telegram or through blogs as it's a routine that once the crypto market is trending upwards and bullrun is expected we see a lot of experts in the market via various channels like Youtube, Twitter, Telegram, Discord and WhatsApp group sharing random coins with catchy headlines like "Top 5 altcoins with 100x pump", "Whales are investing in these altcoins", "Altcoins which will go to moon", etc.

Please try to understand these are the same people who spreads fud during bear market and impersonates as experts.

Don't go with any such predictions and rather do your own research because I have seen people randomly investing into shitcoins just because it's mentioned over Twitter and the person who has tweeted has huge followers. There will be so much of deceiving as they will share some 10 coins and even if one of them prospers they will use it as upselling point.

I can never follow altcoins analysis by any blogger and through any social media platform, it's obvious that most of the price of altcoins move either bullish or bearish if the price of Bitcoin dump or pump thus share almost the same price action with Bitcoin, as a newbie you are expected to buy trusted and reliable altcoin during the bearish runs of Bitcoin which I believed had pass for instance November last year the price of Bitcoin was a lower price then that was the best and most appropriate period to invest on altcoins of your choice after research, it can very risky to invest blindly on any altcoin when there are real and credible altcoins.

Yeah you have rightly said, it is only those that are bent on following crowd that allow themselves to used, so many features and promises are too real to be truth hence it is best to make an informed decisions on making personal analysis and thorough research in your choice of altcoins rather than solely depending on tips from expertise on media where most of them are being paid to do that which they do.

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In current market conditions, there are many people who claim to be experts even though they don't have any expertise in that field. Such news should not be used as the main basis for making investment decisions, but we must also do our own research and continue to collect several prediction sources to collaborate with before making a decision. Moreover, currently the price of bitcoin is experiencing a big spike but altcoins are not experiencing an increase like Bitcoin. Therefore, be careful when investing in altcoins in situations like this so as not to get caught in big losses that are difficult for us to avoid.

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Quote from: Y3shot on March 10, 2024, 06:57:42 AM

When it comes to cryptocurrency people just need to be conscious all the time not just for a particular season because people who are claiming to be experts, it is important one needs to understand that know one is an expert I cryptocurrency. Even some people who claims to be expert in cryptocurrency don't even understand how the market works they just want to bear the name of being an expert.

It is not true that there isn't any experts in the market. People who have been in the industry since its beginning have vast experience about the market and its behaviour. They can identify any market changes quickly and their experience helps them make a profit even when the whole market is not doing well. I am following some of the influencers who have similar abilities, and i have seen that when the rest of the market is bleeding they are making profit their as well. Their experience play out in this situation.

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When it comes to cryptocurrency people just need to be conscious all the time not just for a particular season because people who are claiming to be experts, it is important one needs to understand that know one is an expert I cryptocurrency. Even some people who claims to be expert in cryptocurrency don't even understand how the market works they just want to bear the name of being an expert.

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Quote from: kentrolla on December 07, 2023, 09:05:56 AM

From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.

Actually this is quite common when the market is in bull season. Many coins are being hype to attract potential investors. This is not new, because even before, this kind of strategy is already existing. The reason why it is important to become careful not to easily believe these people spreading such on social media.

Thus always take time to have your own research about the coins that you want to invest in. Remember that there's no easy money so always verify if the information is true.

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Quote from: glendall on March 09, 2024, 10:37:04 AM

Quote from: GlacierBIT on February 12, 2024, 05:28:01 AM

The best expert will always be you yourself, your own experience in trading cryptocurrencies will open up all the opportunities for you to earn money. In the cryptocurrency market with a complex and unstable system, there will always be pseudo-experts who can only ruin your impression, it is their job to impose their opinion, you should not encourage their activities, real market experts do not behave like that and do not waste time on this.

This is where we as individuals must have firmness in making decisions, we can receive references from wherever we are but do not have to be applied in the final decision I think, so in my opinion I agree with your statement. The best expert will always be yourself. So why waste time hearing the words of experts suddenly when the market is up, and disappear when the market is down

It is good we don't always depend on social media and influencers for all information we need about the market.
We need to be an expect in anything we are doing so that people will be proud of us seeking information from us..
We need to be ourselves own experts so we can make decisions because in what we have seen and studied.
It is good for us to keep learning so that we are not going to lose our ways at the time when we are supposed to be shining.

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Quote from: GlacierBIT on February 12, 2024, 05:28:01 AM

The best expert will always be you yourself, your own experience in trading cryptocurrencies will open up all the opportunities for you to earn money. In the cryptocurrency market with a complex and unstable system, there will always be pseudo-experts who can only ruin your impression, it is their job to impose their opinion, you should not encourage their activities, real market experts do not behave like that and do not waste time on this.

This is where we as individuals must have firmness in making decisions, we can receive references from wherever we are but do not have to be applied in the final decision I think, so in my opinion I agree with your statement. The best expert will always be yourself. So why waste time hearing the words of experts suddenly when the market is up, and disappear when the market is down

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Quote from: kentrolla on December 07, 2023, 09:05:56 AM

From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.

Folks, it's times to be more cautious than every and never go with any random prediction provided over telegram or through blogs as it's a routine that once the crypto market is trending upwards and bullrun is expected we see a lot of experts in the market via various channels like Youtube, Twitter, Telegram, Discord and WhatsApp group sharing random coins with catchy headlines like "Top 5 altcoins with 100x pump", "Whales are investing in these altcoins", "Altcoins which will go to moon", etc.

Please try to understand these are the same people who spreads fud during bear market and impersonates as experts.

Don't go with any such predictions and rather do your own research because I have seen people randomly investing into shitcoins just because it's mentioned over Twitter and the person who has tweeted has huge followers. There will be so much of deceiving as they will share some 10 coins and even if one of them prospers they will use it as upselling point.

You are absolutely right. Most of the KOL on various SNS telling people to invest in a particular coin already invested in it a long time ago and want people to invest so they use them as exit liquidity. It's important one do his own research properly and also seek for guidance if there is no experience but not from social media. For now i do my analysis myself and also take a clue from some top exchange like Bitget and Binance when it comes to new projects because they top researches that looks into a project before it's listed on their platforms

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Quote from: Y3shot on February 25, 2024, 05:29:08 AM

Quote from: GlacierBIT on February 12, 2024, 05:28:01 AM

The best expert will always be you yourself, your own experience in trading cryptocurrencies will open up all the opportunities for you to earn money.

Very true. You are your own expert, nobody is expert in cryptocurrency because it is unpredicted. We are all trying to understand cryptocurrency, from the experience we gain from cryptocurrency can make us to be our own expert. Nobody is an expert to your investment or trading. That's why when people predict market we shouldn't always feel the predictions will always come to past because bitcoin is unpredictable and no one can exactly predict what will happen in the market.

In cryptocurrency, if you are really into it, the more years you spend as core practicing crypto enthusiast you will gain more knowledge on how things are been done in respect to crypto, some claim to be market expert which is not true, though there are things that you must learn from people which is normal and those things would have made easy for you if you really put much interest in learning them yourself, you made a point and I find that point to be very helpful to any individual who wants to succeed as far as cryptocurrency is concerned and the point is that every one can be their personal expert this is welcomed fact about life not only in crypto.

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Quote from: AVE5 on March 08, 2024, 10:06:57 AM

As much as I'm ignorant to be influenced by rumours, I hereby say this thread is highily recommended. I personally don't abide by speculations because those who speculates the rumours are the same person's who where of nowhere to be found to guide Investors not to invest in so and so AltCoins with the fact that it would go beneath the moon and not above. They only pooses to be experts at when they've got the obvious view with a certain analytical knowledges about cryptocurrencies and began to publish what're not possible to be a reality.
Most of them could be influencers just to pump up one of th shity coins to be on massive adoption in a given period of time. That is a mere strategy to scamper away with investors funds at a system crash of dump coins.
Stay Concious because it coutbe a trap dear fellows.

Most people making speculations about certain cryptocurrencies do it just because they have heard about it from somewhere else and they don't have any personal experience or expert opinion about them, they don't even know how technical or fundamental analyses are done, and such people are the reasons why rumors spread in the market and a lot of newbie investors make their decisions based on those rumors.

No one can perfectly predict the market, even experts are only making speculations and predictions based on what they read and see in the charts but they can't say that any of what they say is guaranteed because even they know that the market is highly unpredictable.

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Quote from: kentrolla on December 07, 2023, 09:05:56 AM

From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.

Folks, it's times to be more cautious than every and never go with any random prediction provided over telegram or through blogs as it's a routine that once the crypto market is trending upwards and bullrun is expected we see a lot of experts in the market via various channels like Youtube, Twitter, Telegram, Discord and WhatsApp group sharing random coins with catchy headlines like "Top 5 altcoins with 100x pump", "Whales are investing in these altcoins", "Altcoins which will go to moon", etc.

Please try to understand these are the same people who spreads fud during bear market and impersonates as experts.

Don't go with any such predictions and rather do your own research because I have seen people randomly investing into shitcoins just because it's mentioned over Twitter and the person who has tweeted has huge followers. There will be so much of deceiving as they will share some 10 coins and even if one of them prospers they will use it as upselling point.

Thank you very much for alerting us with your valuable feedback. Especially I never believe in the predictions of various whales and influencers. I am in many telegram groups, twitter social media news where there are many currency high predictions but I never accept those predictions because I don't trust any predictions given by others. There are many people who believe in whale predictions and sometimes lose a lot of their investment when the investment crashes. So every person should proceed with caution and not invest by trusting the predictions of influential whales. It should proceed according to what can be predicted.

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As much as I'm ignorant to be influenced by rumours, I hereby say this thread is highily recommended. I personally don't abide by speculations because those who speculates the rumours are the same person's who where of nowhere to be found to guide Investors not to invest in so and so AltCoins with the fact that it would go beneath the moon and not above. They only pooses to be experts at when they've got the obvious view with a certain analytical knowledges about cryptocurrencies and began to publish what're not possible to be a reality.
Most of them could be influencers just to pump up one of th shity coins to be on massive adoption in a given period of time. That is a mere strategy to scamper away with investors funds at a system crash of dump coins.
Stay Concious because it coutbe a trap dear fellows.

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Quote from: Y3shot on February 25, 2024, 05:29:08 AM

Very true. You are your own expert, nobody is expert in cryptocurrency because it is unpredicted. We are all trying to understand cryptocurrency, from the experience we gain from cryptocurrency can make us to be our own expert. Nobody is an expert to your investment or trading. That's why when people predict market we shouldn't always feel the predictions will always come to past because bitcoin is unpredictable and no one can exactly predict what will happen in the market.

In cryptocurrency no one can identify about market because their is a possibility that market can change in matter of seconds so if someone predicts then it will not 100% accurate as accuracy of prediction does not exists in crypto market.

Everyone is not a master and everyone is not sharing their own thoughts even there are some influencers who copy the details of other influencers and show that they know each and everything but it is a fact that nothing can be known by anyone about crypto.

If someone make prediction according to the past history then most of the time it become true because bitcoin is repeating its cycle of four years but we cannot say that all the time the prediction become true and we should not blame influencers if we are unaware of the fact.

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Quote from: kentrolla on December 07, 2023, 09:05:56 AM

Don't go with any such predictions and rather do your own research because I have seen people randomly investing into shitcoins just because it's mentioned over Twitter and the person who has tweeted has huge followers. There will be so much of deceiving as they will share some 10 coins and even if one of them prospers they will use it as upselling point.

Never that I listened to all predictionist/ pretending to be expert instead there are several
account here that I have been following over the years and yes they have been bringing good
prediction for years and indeed I have made some earnings from them so I followed them from
time to time.

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Quote from: Ever-young on February 25, 2024, 05:43:07 AM

Quote from: Obim34 on February 07, 2024, 02:32:40 AM

Talking yet about Influencers, many of them are not even part or wanting to invest their personal money into such projects but where just paid to carry out promotions making it look worth purchasing to many investors.
I bet many has something to say, those who fell victim of these market Influencers or market experts, we are all humans and can never be perfect when it comes to predictions and assumptions.

I do believe some of them do invest on those Altcoin, but they buy as early as and make sure they partner with the project team which they will also offer them some promotional bonus they will then take the hype and promotion upon them self knowing they have two things to gain if the project hit their target, as soon as they hype the project enough they become the first set to sell and dump the token why also waiting for their loyalty reward from the project team for a work well done.

It literally becomes a win situation from both sides, but I believe at most they do not at all invest in those project. They actually are aware of the risk and would dare not to invest their money even if they do it will just be little alone to prove their loyalty to the project so they can be hired for the promotion.

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