Topic: Time to be cautious: Everyone is not market expert - page 4. (Read 2016 times)

Sometimes those articles are there just to get readers, the speculation are done so they can get readers too. We don't have to believe everything we're reading as they're just opinion and not facts. The experts aren't always accurate too therefore we shouldn't make our choices based on what they say. Everyone isn't an expert but they'll claim to be experts and giving experts opinion about the cryptocurrency market, we just have to do our own research before investing.

Some project will pay some experts to write false speculation about their competition so they can chase away investors and then the investors will come and invest into their own projects that are working on similar products. There are alot of false articles during the bull market, some of them are just for hyping or to create fear, uncertainty and doubts for the projects that the articles are about.

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.

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.

Everyone is free to make the speculation about anything but if you are aware with those then you are probably recognize that the analysis is really thrown off and doesn't seem believable on those articles. Sure they can make a big title about certain coins but in the end the only thing that is really important is about if the speculations are actually worth reading or not. Sometimes it feels funny to read some of those.

Of course, everyone can use all kinds of methods just to get money or payment, no matter if the project they are going to launch does not have a definite goal for the future.  Lately, there have been many fake projects that take advantage of someone's famous to attract the attention of many people. This is of course only aimed at benefiting both parties, between the project manager and influential people who spread lies just for the agreed payment.

If you go to twitter account you will find a lot of posts that are making catchy headlines to buy bad tokens but all these are scammed by new investors. Many twitter accounts have created bots followers and many have bought followers. There are many investors who see the followers of their account and buy a token on their word which results in loss. In fact they promote many bad tokens in exchange for money so it is very important for us to be careful.

Actually people's major faults is that they consider every influencer as a market expert but not all of them are expert therefore when they follow the advise of unknown influences so they buy unknown coins as a consequence of which they put their money in risk.

Listen to everyone carefully but don't follow everyone blindly as sometimes due to our faults we miss good coins for investment and choose unnecessary coins but it is necessary to buy strong coins for coming Bull season. There are also some influencers that predict very well and most of the assumptions are true but it is hard to find that which influencers is right and which is not.

Several websites and social media accounts that I read added disclaimers saying that this was not investment advice and suggested investing at your own risk. So that they can escape legal entanglement if someone sues them in the future.

I think it would be better if we do not follow investment advice from any site because they also only speculate and I see that in the end this is an investment that we bear at our own risk as stated in their disclaimer.

You are right, because most of these influencers sometimes direct you to invest in certain projects. what actually happens is that the influencer has collaborated with the team of the project with an agreement that has been made. The crypto market is unpredictable and you should not trust anyone because you bear the risk of your own investment.

Most likely they are influencers who are investors as well and they have been paid to promote certain projects they have collaborated with the owners because when they say that the price is gonna increase that day, it will increase without a doubt but this is just a trap because next time there will be more lots of people who will follow their advise because they already witness him before, but this time, there will be no more price increase but instead the owner will dump their coins and the new investors will be left with that huge amount of coins without any progress or updates from their owners anymore because it is officially abandoned by this time. So we need to be vigilant and not rush our investment just because of the influencers we watch on YouTube and other social media.

A good influencer will always try to provide accurate information based on facts.
However, When the product is crypto, buyers may have nothing to show for it except depleted savings.
Low financial literacy causes many people to fall into investing in shitcoins.

Experience is the best teacher. However, when we commit to learning from other people’s experiences alongside ours, it prepares us ahead for life.
Thanks for sharing...

when entering the bull season suddenly many people are altcoin chart experts yes even though it is just an attraction to follow the group they have prepaid. attracts beginners who are curious about the words profit. If enter the bull run, everything will go up in altcoins, don't trust people easily. only ourselves need to research

maybe we can trust experts but only to increase our knowledge, but to make decisions we must still use our own research. Crypto market conditions are difficult to predict (even for experts) because crypto markets involve many things and are very sensitive to issues or news. Therefore, the solution to this problem is to choose long-term investments.

Never invest on the word of influencers because those influencers make high predictions of the coins that are invested and held. They promote only to increase the popularity of that coin. It is always better to learn to analyze yourself. Whenever you can analyze the market by yourself and invest according to your own experience, you will get investment success. I invested in ORDI and XRP according to some influencers. Influential analysts said ORDI would be around $500 to $700 and XRP would be around $5 to $25.  Currently, I have lost both the coins I invested in influencers' predictions, so I want to tell you that one should never invest in other's predictions, always invest in one's own predictions.

I think you are mixing these points here, my friend, and I must tell you that I share in most of your views but for some. Let me take it one after the other and be so summarily as possible.

It is true that no one knows it all, but when it comes to predictions, there are still better predictors, and you might be surprised that some would have as much as 95% prediction accuracy. That is too high, right? But that is the truth, you hardly see some market forecasters wrong and even if they are wrong at times, they have the managerial plans ready to cover up for the shortcomings. Now tell me, if you are opportune to be a friend of such a person or he is your tutor/mentor, won't you be happy and learn from him?

The only set of people I can't deal with are those who are just making noise despite being empty in knowledge. Such are many on the internet, and such are the ones I will always advise people to be wary of. But this shouldn't stop us from being open if we are lucky to meet some random individual gurus. They are such that will not even be making mouths with what they know, but indeed, they are so good in trading and investments, but without giving them the opportunity to prove themselves, you will never know. That is why I do not always totally buy the idea that we should be on our own when it comes to trading and investment, we may never know the best ways, and that's the truth. But when we are open but have the mind to refine what we hear and see, it might go a long way to help us. For this, you are so insincere to limit predictive accuracy to 50%, you might be a frustrated predictor but some know it better and will be surprised about your position here, just as I am.

Most at times, predictions can ruin a lot, some actions that are basically not worth taking has been made by most people not considering it might go the other way round. Since no man is extremely full of knowledge, getting to know about a project from any influencer, instead of jumping into investing in the project, one should try as much to analyze personally if it is at all worth the hype to invest into.

in my opinion, I believe 80% of the decision you make in buying cryptocurrency should come from your knowledge and research while the remaining 20% can come from predictions and hype. I don't believe any news hype or prediction from crypto influencers is better than my research, predictions are just guesses, so why should I make my crypto decision of another man's prediction? I remember vividly that some persons had this conception that Bitcoin price would rise above $60k after the Bitcoin ETF approval, but due to the manipulation by Grayscale, the price fell to $39k. and at that price, some investors were still confident and shared a prediction that the price would keep falling to less than $29k, but unfortunately, the price pumped back to $42k which we are now.

In fact, the news that is written and distributed on the internet is repeated news or news that is not necessarily true. Yes, we know, they also need news like that to increase the number of visitors to their website who ultimately come back and get paid by advertisers.
Stick to your own beliefs about what altcoin is the best in your opinion. and of course with a deeper study of the altcoin. or if you can't do that, just follow someone who is credible in their field.

Unfortunately what you say is true, when the market rises again, many influencers in my country say that.
even on social media people use the power of their words, they are like god knows which coins will give airdrops for free and for sure, such talk must be researched further because otherwise we will just be their followers.

The crypto market is very uncertain, therefore we must always be careful and alert to its movements, and most importantly, don't easily trust people who claim to be market experts, it's best to monitor and learn with your own confidence, if we always follow and read market movements.  then we can easily determine what we want to do.  Even though the results are disappointing, at least we are confident and believe in what we have learned.