Time to be cautious: Everyone is not market expert - page 2.

Promocodeudo

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Quote from: Y3shot on March 10, 2024, 05:57:42 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.

Exactly, the worst of it all is in social media where some people has been paid to advertise the said coins, in cryptocurrency different news will come but the ability to make the right decision without being moved by overhype and market speculations put you ahead.
As for those that called themselves experts in the industry, it is laughable to here that because I believe that every crypto enthusiast understand what volatility and function is, if they really do, they will be meant to understand that expert does not exist here, I might believe that there are many knowledgeable crypto enthusiast, what I won't give ear to is someone telling me that he or she is an expert in the system, the market is unpredictable and that's more reason why I won't believe such fallacy, although we must encounter all this things in the market it normal but we shouldn't fall for them.

mvdheuvel1983

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Quote from: Bushdark on March 09, 2024, 06:59:22 PM

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

Quote from: GlacierBIT on February 12, 2024, 04:28:01 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.

Social media is full of lies and the influencers only take advantage of the opportunity they have as celebrities to take good about what they are paid to promote so it is very important not to take any advice concerning the crypto market from anyone on social media cause they may not talk the exact truth because they don't even know. Having a personal research on everything that has to do with informations about the market and taking our personal decisions after much research will help in a long way. Getting more information from any knowledgeable person with good proves is not a bad idea but the conclusion should be based on the investors decision not the decision of an expert.

GideonGono

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This is why I don't trust any of those self proclaimed TA's, those who would just randomly drop a project, and would promise or tell that it would bloom or rise up in the future.
Those who have been in crypto for a long time had seen so many post like that in social media, there are so many coins before that has been promoted widely in social media but still doesn't have a value.

rhodelmabanal

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Quote from: kentrolla on December 07, 2023, 08:05:56 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 agree on that the post on social media is just a promotion the project owner pay on it to promote thier project, i also see different kinds of coin being promoted but i never invest on it because i know that everything is just a prediction and no one known the out come of the particular coin if it will going to be failed or successful so we better do our own research to avoid being scammed and loss our hard earn money be careful for good.

malah

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Quote from: Samurai trieng on May 15, 2024, 01:25:39 PM

es, you are right, not everyone out there is a market expert, therefore we have to be careful, it's best to study ourselves in detail about the ins and outs of a coin and look for in-depth information about the coin we want to, that way we don't will ever be influenced by people out there who make statements that are not in accordance with the reality of what is happening in the market,

That's why it's important that we research first before deciding to buy a coin that is out there. There are still many coins that are used for scams and usually they are new tokens created for that purpose. We can buy coins which I think are safer to use, for example Bitcoin. Without having to do very long research we can buy Bitcoin for long term investment.

Strongkored

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Quote from: Samurai trieng on May 15, 2024, 01:25:39 PM

es, you are right, not everyone out there is a market expert, therefore we have to be careful, it's best to study ourselves in detail about the ins and outs of a coin and look for in-depth information about the coin we want to, that way we don't will ever be influenced by people out there who make statements that are not in accordance with the reality of what is happening in the market,

Doing your own research is the key word, and those who are lazy to do this will be in a dangerous condition because they don't understand the risks they are facing because when you do in-depth research you can also estimate how big the risks will be.
An expert will wisely convey what he is learning. If there are people who claim to be crypto experts and suggest buying, maybe we have to be careful because it could be that he is not an expert but part of a project that will make a profit if there are many who invest in the project, and an expert never claims to be an expert because usually it is pinned down by other people who admire the knowledge he has.

Samurai trieng

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es, you are right, not everyone out there is a market expert, therefore we have to be careful, it's best to study ourselves in detail about the ins and outs of a coin and look for in-depth information about the coin we want to, that way we don't will ever be influenced by people out there who make statements that are not in accordance with the reality of what is happening in the market,

lombok

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Quote from: CoinMin3r on May 15, 2024, 12:25:07 PM

One should Research on the project and confirm themself before invest anything rather than believing blindly on so called expert. Those expert might be somehow affiliated with them or they might get paid for that. So digging, researching and analyzing ourself is the best way to be sure which one is real gem.

On average, promotion nowadays is very easy. By paying people who have a very large number of followers and are frequent influencers, the project they develop will be of interest to many people from the promoters they hire. But I believe that currently many people are smarter and more careful when they want to invest in a place that requires deeper research and analysis.

CoinMin3r

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One should Research on the project and confirm themself before invest anything rather than believing blindly on so called expert. Those expert might be somehow affiliated with them or they might get paid for that. So digging, researching and analyzing ourself is the best way to be sure which one is real gem.

Godday

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

Quote from: GlacierBIT on February 12, 2024, 04:28:01 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

You are right and I agree with you. I see a lot of media reporting about crypto. Many people call themselves experts and then analyze several cryptocurrencies and provide price predictions according to them. I think it is everyone's right but thinking they are market experts for daring to make predictions is a big mistake. In the end, only you yourself can become a market expert if you have studied and tried to analyze the market for years.

Asyifiah

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Yes, most of the people who create issues are those who don't have enough research and analysis, they just bring false news to get paid on a blog or something similar. We need to be careful if we want to trade in altcoins. As we can see, almost everyone wants to invest in meme coins. It's best not to focus too much on meme coins. If you want a safer investment, choose Bitcoin and Eth as investments.

kawetsriyanto

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Quote from: Sophokles on March 10, 2024, 06:30:40 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, 12:14:22 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.

terrific

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

Muslimin mj

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Quote from: kentrolla on December 07, 2023, 08:05:56 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.

Rasa nanas

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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.

Tmoonz

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Quote from: gabbie2010 on December 07, 2023, 02:29:07 PM

Quote from: kentrolla on December 07, 2023, 08:05:56 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.

Sophokles

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Quote from: Y3shot on March 10, 2024, 05:57:42 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.

Y3shot

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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.

lienfaye

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Quote from: kentrolla on December 07, 2023, 08:05:56 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.

Bushdark

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

Quote from: GlacierBIT on February 12, 2024, 04:28:01 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.

Topic: Time to be cautious: Everyone is not market expert - page 2. (Read 2019 times)