Time to be cautious: Everyone is not market expert - page 7.

Bushdark

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Quote from: cute nmp on December 10, 2023, 03:47:48 PM

Agreed people should avoid taking advices from bloggers or YouTubers especially during this bullrun .Most claimed to know a lot about cryptocurrencies advising people to buy that and sell that resulting mostly into losses because they themselves are not expert themselves. Some even offer mentorships programs for such ,so people should take care to avoid been scammed during this bullish move in the market.

Since everyone is not experts in the market, we need to be careful how to take decisions in the market. There are things we need to do to keep making profits from the market. It is important for us to measure and examine the market before we invest in any crypto projects.
The market is full with scam projects and if we make the mistake of investing in one of them, that might lead to rug pull which we will longer be able to take our money from the project. Even selling it will be hard for us to do.

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Quote from: Y3shot on December 13, 2023, 02:56:16 AM

Many people who know nothing about the market are claiming to be expert of the market know nothing about the market they are just doing all this to gain followers which will make them to generate money from social media. Investors needs to be very careful with the advice they get they see on social media most of this people giving advice as experts don't even know what they are doing . The social media is full of people who claim to be experts with a shallow knowledge about crypto and the market.

Crypto influencers mostly misguid crypto users and they often share wrong information with others just to earn money and also they wants to enhance the value of their channel. They don't have any accurate information but when they heard about Bull season beginning then they wants to take benefit from such situations so they attracts people toward their channels through spreading os faulty and useless information but as newbies does not know about it so they can easily trust them.

Sometimes when people find no other way of earning then they take step towards negative ways of earning in which acting like a crypto experts is included. Influencers are more active during preparation for Bull season because they misguide people to choose some altcoins that become useless when time passed. Experts can understand this thing better so newbies should know about the reality of crypto influencers.

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Quote from: cryptoaddictchie on December 07, 2023, 08:30:47 AM

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.

Well as bloggers or vloggers thats precisely what they will do. But we have our option to check first what they are shilling. Its always our prerogative to follow or not those calls. We cant say they are wrong but surely they got some narrative for that speculations cause if not then they are just trying to pump their bags and exit as soon many people put up liquidity. Not all social blogfers are leeches some are literally good on providing information but of course we cant deny presence of garbage influencers too.

The thing is that we need to do our own verification first before believing any altcoin hype on social media, due diligence is very important before jumping to put money in any new projects. Some influencial people are paid by these fraudsters to promote their scam projects, and they greedily accept because they're well paid for the promotion, not knowing the true intentions of who hired them. This is why I'm never moved when I see celebrities advertising brands, because they're just business people that are paid to do a job, ignorant people will think that if this celebrity can advertise a product that means that it's genuine. When i see a new crypto coin being advertised, I take it on advisory level, because with my knowledge i know that most of them will end up shitcoins.

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Quote from: Gozie51 on December 10, 2023, 03:12:39 PM

Quote from: Bureau on December 09, 2023, 07:17:10 AM

I haven't seen a prediction of the cryptocurrency market having a 50% success rate. No one has been able to even be close to that percentage but I know one thing, which is whenever the market has a green rally such prediction pops up. Whenever the market has a red rally you will hardly see such kind of prediction. This is the age of AI if you ask an AI it will decline to predict the crypto market. I will give you a probability figure after looking back at previous data, which will come up with a disclaimer. This is the time for scam projects to come up and this is the time when influencers will shill a project for their benefit. It is better to do research before investing in any new crypto project or existing crypto.

Usually during the time of bull the market is always filled with new projects and most of them are only hyped for the moment, not majority will survive and they will disappear in the market as soon as the bull rally is over. DYOR very well not to be scammed by fake developers that come up in different forms and to be in the market just for the purpose to scam people and not for the real utility purpose.

I won't encourage investment on new projects at this time because that will mean taking a risk that is not necessary because you want to jump into profit but it can turn out to be a trap.

I think you are right in what you said; many new projects will just go along with the trend, but when the situation turns bearish, it is certain that those will disappear like a bubble.

And from what I've seen in my research, that's what happens. Of course, when the matter is hot, even the senseless project campaigns will also be pulled up for a short time, but they will also disappear in the end. It's just really hyped, so being careful is really needed in such scenarios.

redsun114

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The people that try to be experts on social media or in blogs are not actual experts and this can be easily identified if a person reading them focuses on the terms they use and how they explain things because when an expert does analysis or tries to explain something, they do it very efficiently and easily, while someone who knows nothing about the market and trading but trying to promote a shitcoin will barely be able to find a way to explain certain things.

So, you are right that there are people all around the internet promoting useless cryptocurrencies for personal gains but one with just a little bit of knowledge can easily understand that they are not genuine and they lack enough knowledge and experience about the cryptocurrency market itself.

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Quote from: Y3shot on December 13, 2023, 02:56:16 AM

Many people who know nothing about the market are claiming to be expert of the market know nothing about the market they are just doing all this to gain followers which will make them to generate money from social media. Investors needs to be very careful with the advice they get they see on social media most of this people giving advice as experts don't even know what they are doing . The social media is full of people who claim to be experts with a shallow knowledge about crypto and the market.

Developers are hiring these influencers and take advantage of it. But why many people are following them? And that is a question. Well, I say that those who are no-how investors can easily be fooled by these influencers and by these self-proclaimed expert. But for those who have market experience already, they will just ignore them and instead, they do it by themself.

Well, just to know that we just learn after having a bad experience. That is why we could say that experience is great teacher, therefore, falling into scam investments are natural.

Y3shot

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Many people who know nothing about the market are claiming to be expert of the market know nothing about the market they are just doing all this to gain followers which will make them to generate money from social media. Investors needs to be very careful with the advice they get they see on social media most of this people giving advice as experts don't even know what they are doing . The social media is full of people who claim to be experts with a shallow knowledge about crypto and the market.

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Quote from: GeorgeJohn on December 12, 2023, 05:01:21 PM

Sometimes those people you see their commentary in twitter and other social social media what they are interested is to promote a particular coins and I believe that them are promoting a particular coin so their hype is what makes people to think that altcoins will increase in market and people will began to have interest of investing in altcoins, so I may say that those people is a cryptocurrency influencers and when you follow their step you might end up investing in a wrong coin thinking that altcoins will increase according to their predictions.

A great deal of those that share coins in which to invest are either influencers, bots managed by the developers or people that invested in those coins already, so not a single one of those parties is neutral and has your back as every single one of them wants your money, and with this in mind you cannot really trust them, but who to trust? No one, especially if their claims have to do with all the money you can make by investing in a particular coin, as it is obvious they are simply trying to lure you into investing your fiat or your bitcoin into useless coins.

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Sometimes those people you see their commentary in twitter and other social social media what they are interested is to promote a particular coins and I believe that them are promoting a particular coin so their hype is what makes people to think that altcoins will increase in market and people will began to have interest of investing in altcoins, so I may say that those people is a cryptocurrency influencers and when you follow their step you might end up investing in a wrong coin thinking that altcoins will increase according to their predictions.

batang_bitcoin

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Quote from: radjie on December 11, 2023, 02:43:45 AM

You could say this is a trap so that people are influenced to invest in some of the Altcoins they have mentioned.

They are paid for sure. That's why they are so persistent in giving thoughts to the people because that's what they want for their audience to invest in. It's a direct shill and marketing on their end and they are not experts. And when the newbies hear them say, that's where the problem is going to start with and instead of thinking of other things to invest in, they will just go on it and directly buy them because what affecting their decisions is the influence that has been made on them.

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Quote from: radjie on December 11, 2023, 02:43:45 AM

You could say this is a trap so that people are influenced to invest in some of the Altcoins they have mentioned. Owners of large capital can of course easily manipulate instantaneous market price movements, when the relevant coin reaches the desired trading volume target from the large amount of trading activity in it, then it is likely that large players will take action to reap the profits.

Taking bold steps to ensure one start making significant earnings in the system. Following up hyped projects simply because they're promoted by influencer doesn't meant they have good solid roadmaps, nothing seem to bothered these influencers these days as they're online only to make more zeros to their portfolio and having absolutely nothing to pressure.nWhat I would say is that no project should be 100% trustable in the market, I've learnt my lessons in the hardway and I've promised myself never to return back to making such crucial mistakes in the system.

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Quote from: KingsDen on December 11, 2023, 11:44:41 AM

It is time to be very careful about the crypto-currency market. it is this period of Bull Run that everyone will have to be very careful, especially the newcomers in the industry. Bcause there is anticipated bull run, many projects will flood the market and many acclaimed experts will begin to make prediction without proper investigation or research.

Some of these people are scammers, I am sorry to say they just want to rip off your investment. You know, how painful it will be if you have been holding since the bear market and when it is almost time for you to reap your reward you now empty everything you must have worked for into the wallet of a scammer in the name of Investments that will give you 100x.

If you are not sure of what you want to do with your fund, kindly remain in Bitcoin and wait patiently, one day you will have results even if it is not up to your expectations, but it is better than losing all in the name of investing in random shitcoins.

Good advice. That's what I also convey to several of my friends who are newbies and want to invest in crypto.
Investing in Altcoins is only for experts. Newbies start with Bitcoin.
But as the crypto industry matures and stabilizes, new projects become safer, and investors become wiser to potential fraud.

"When we only hear from people who win and never hear from people who lose, then we lose"

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It is time to be very careful about the crypto-currency market. it is this period of Bull Run that everyone will have to be very careful, especially the newcomers in the industry. Bcause there is anticipated bull run, many projects will flood the market and many acclaimed experts will begin to make prediction without proper investigation or research.

Some of these people are scammers, I am sorry to say they just want to rip off your investment. You know, how painful it will be if you have been holding since the bear market and when it is almost time for you to reap your reward you now empty everything you must have worked for into the wallet of a scammer in the name of Investments that will give you 100x.

If you are not sure of what you want to do with your fund, kindly remain in Bitcoin and wait patiently, one day you will have results even if it is not up to your expectations, but it is better than losing all in the name of investing in random shitcoins.

Yatsan

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Well let those who are too dependent with these so called "signals" 'coz they are simply too lazy to study the market. They tend to just wait and hope for huge profit. They no longer consider the lack of assurance in this industry, and eventually regret if things do not happened as they assumed.

Quote from: radjie on December 11, 2023, 02:43:45 AM

You could say this is a trap so that people are influenced to invest in some of the Altcoins they have mentioned. Owners of large capital can of course easily manipulate instantaneous market price movements, when the relevant coin reaches the desired trading volume target from the large amount of trading activity in it, then it is likely that large players will take action to reap the profits.

Possible as well. Project owners would simply invest money to achieve popularity in any way possible which often includes personalities to do the promotion of their project. Not everyone indeed is a market expert but not everyone as well would settle with spoon feeding.

radjie

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You could say this is a trap so that people are influenced to invest in some of the Altcoins they have mentioned. Owners of large capital can of course easily manipulate instantaneous market price movements, when the relevant coin reaches the desired trading volume target from the large amount of trading activity in it, then it is likely that large players will take action to reap the profits.

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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.

The greedy and newbie are mostly the target of those scheme , they are being victims because either lack of understanding or complete greediness and so those scammers are becoming successful.

but if we will not look for so much High profit instead we will take a chance looking for scalping or short term holding?
I believe that many will be saved and those Shillers will never win.

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I don't normally like anything group in social media. And that is why I am not in any group in any social media. Because those groups in social media are fraudsters full there. Mostly blogs and telegram are the two social media for scammers. And that is why I am not even conversant with those meme, and the shitcoins. I only see those coins here in the forum and not in any other platform.

Whenever I the market is booming people (scammers) are motivated to entice others to be scammed. Op I appreciate your effort of bringing this to our notice. Really in this period we have to be careful of those guys that roaming around.

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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.

Absolutely. I also made a post on where I get my daily insight. Here; https://bitcointalksearch.org/topic/m.63304985
The worst part in this situation you just pointed out Op is when you go to Twitter. Damn!! If you don't know what you're doing, you will be very confused about how to get the right coins

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

~
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.

In short, don't follow what others are saying.

Just follow what your instinct is. If you're a newbie, I don't know but following 1 or 2 so-called experts out there might do, but still beware because those 2 might be just some shillers out there who doesn't know anything about cryptocurrencies or at least doing TA, but they're just predicting base on what they feel.

Being caution = not following what others are saying. I agree with what you said that not everything in the internet is a market expert. I've been watching only one crypto Youtube influencer for the past 3 years, and what he always does is he's doing a TA on different market, and saying his analysis on both sides (up and down), so I can say that he really is an expert... or he is. Cheesy

Bottom line is that I'm following him, but I'm not relying on his analysis. As for newbies out there, it would be better if you will just invest into Bitcoin if you don't know that much about crypto. In that way, your capital will be way safer than investing in new projects which has a high chance of rug pull.

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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.

It's a great point. When everything is pumping people tend to think they know how to time the market, which coins to pick, in and out positions, etc. If they tend to be a popular source I'd recommend going back to when things were just about to dump last cycle and see what they were saying then. When ypu make hundreds of predictions by default some of them are right. Doesn't mean future success. All in all I'd say do your own research and make your own calls.

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