Time to be cautious: Everyone is not market expert - page 3.

glendall

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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

TheVeteranAngel

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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.

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

Promocodeudo

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Quote from: Y3shot on February 25, 2024, 04:29:08 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.

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.

God bless u

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Quote from: AVE5 on March 08, 2024, 09:06:57 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.

2Pizza410000BTC

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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.

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.

AVE5

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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.

AnonBitCoiner

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Quote from: Y3shot on February 25, 2024, 04:29:08 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.

rodskee

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

Obim34

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Quote from: Ever-young on February 25, 2024, 04:43:07 AM

Quote from: Obim34 on February 07, 2024, 01:32:40 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.

Ever-young

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Quote from: Obim34 on February 07, 2024, 01:32:40 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.

Y3shot

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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.

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.

Tmoonz

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Quote from: avikz on December 07, 2023, 08:26:18 AM

Rightly said! Also with the recent advancements of AI and deep fake videos, it has become very easy for the scammers to spread false information in the market. I am seeing couple of videos where Elon Musk and Warren Buffet is promoting a cryptocurrency. That video is obviously fake and made using deep fake technology. But for an average person who are not aware of AI, can get confused and convinced easily.

Personally I would not suggest anyone to investing meme coins. It is more like a gambling rather than investment. So if someone is prepared to lose their investment, they can go ahead and invest in such coins. Otherwise it is always better to stick to Bitcoin and ETH.

Projects influencer has taken over the market and those that are not much calculative about this become victimized, and this are people who are most time lazy about making their own research and analysis but rather depend seeking investment advice from different sources which can be very disastrous if not being careful and better comparisons. Ethereum is good but Bitcoin is the still the best.

GlacierBIT

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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.

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Quote from: Wakate on February 11, 2024, 12:15:46 PM

Quote from: tengui on February 07, 2024, 06:38:26 AM

Quote from: Obim34 on February 07, 2024, 01:32:40 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.

That's true, and the job of influencers is to promote or introduce projects to the public. As long as they promote a project honestly it doesn't matter to me, what is a problem is when they deliberately provide fake news to attract the attention of investors. You can't trust them 100% because what deserves to be trusted is your own research.

We need to conscious how we put money on different investment because the market is very volatile except we are in the to hold for a king time and that will depend on the project we are holding. The crypto market can be studied so we can know when to invest and when to take our funds waiting for when next to start investing.

Sometimes I just wonder why many investors and traders are always after looking for signals and how to invest in the cryptocurrency market. There are even influencers that like promoting nee projects whether it's scam or not, they don't care and always want their followers to get the coin or tokens even when they don't have any holdings in such a project.

Most often, they pursue a hidden, but very banal motive - receiving money from the project for advertising. If they are involved in the project, then such promotion takes place using their referral link. Their messages should be taken only as a source of some information and be sure to double-check it.

SUPERSAIAN

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Quote from: avikz on December 07, 2023, 08:26:18 AM

Rightly said! Also with the recent advancements of AI and deep fake videos, it has become very easy for the scammers to spread false information in the market. I am seeing couple of videos where Elon Musk and Warren Buffet is promoting a cryptocurrency. That video is obviously fake and made using deep fake technology. But for an average person who are not aware of AI, can get confused and convinced easily.

Personally I would not suggest anyone to investing meme coins. It is more like a gambling rather than investment. So if someone is prepared to lose their investment, they can go ahead and invest in such coins. Otherwise it is always better to stick to Bitcoin and ETH.

You are absolutely right, artificial intelligence is a very useful tool for fraudsters, there is an excess of advertising by spreading fake information. While researching new projects, you should do your own detailed research before going directly to those who say "come here, there is a gem".

When you do what you are told quickly in such directions, it will most likely result in your money disappearing. Even if the person is experienced, there must be necessary awareness in such research.

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Quote from: tengui on February 07, 2024, 06:38:26 AM

Quote from: Obim34 on February 07, 2024, 01:32:40 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.

That's true, and the job of influencers is to promote or introduce projects to the public. As long as they promote a project honestly it doesn't matter to me, what is a problem is when they deliberately provide fake news to attract the attention of investors. You can't trust them 100% because what deserves to be trusted is your own research.

We need to conscious how we put money on different investment because the market is very volatile except we are in the to hold for a king time and that will depend on the project we are holding. The crypto market can be studied so we can know when to invest and when to take our funds waiting for when next to start investing.

Sometimes I just wonder why many investors and traders are always after looking for signals and how to invest in the cryptocurrency market. There are even influencers that like promoting nee projects whether it's scam or not, they don't care and always want their followers to get the coin or tokens even when they don't have any holdings in such a project.

idarasun

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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, that's how they trick their prey, I see it as a common thing because most cases are similar which causes me to realize what I'm experiencing.

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Well, I agree with that, but sometimes whales use the news to do what they want so that the prediction seems correct, even though it's actually due to coincidence.

Obim34

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Quote from: ultrloa on February 07, 2024, 05:04:05 AM

Provably they are not experts on crypto and they just exist because they see an opportunity to earn money by hyping up some tokens or other shady things they promote. That's why we cannot look more forward to what they are saying since its hard to believe on their insights given and we don't know if they are sure with these since sometimes they always put some disclaimers that do your own research so that they can be save if something bad happen to us.

To many fell victim of those influencers since unfortunately majority of newbies try to research new information on social media or youtube then they locate those influencers which they think good guys that's why they got manipulated and scammed by this people.

Such disclaimers are just there to wave the blame when the project's fails or get scammed. That is enou7gh reason why newbies and beginners are meant to get a few basic knowledge about cryptocurrencies, the do and don't before taking on any investment plan.

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Quote from: Obim34 on February 07, 2024, 01:32:40 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.

That's true, and the job of influencers is to promote or introduce projects to the public. As long as they promote a project honestly it doesn't matter to me, what is a problem is when they deliberately provide fake news to attract the attention of investors. You can't trust them 100% because what deserves to be trusted is your own research.

Topic: Time to be cautious: Everyone is not market expert - page 3. (Read 2019 times)