In investing, you always need to be cautious, not just during this period when FOMO makes many outsiders want to enter this field, and with limited knowledge, they are easily drawn to groups, bet on money or trust someone.
One of the big mistakes that most people make is refusing to learn knowledge in a new field in which they are risking their own money, only to make excuses and blame others when they lose money, but the biggest mistake still belongs to that individual.
Looking at the way Bitcoin has grown recently, many altcoins are also responding, and many evil people have really made moves to return, I also often see copied analysis spreading on X, but honestly, I never believe in those analyses. It just tells me that it's a sign that the market is getting hot again.
Topic: Time to be cautious: Everyone is not market expert - page 8. (Read 1447 times)
In my own Opinion not all crypto experts featured on social media influencers are deceptive, some genuinely possess expertise, particularly those I have followed for an extended period. These individuals have proven their knowledge in analyzing crypto trends. However, even when a specific coin is highlighted in their blog, it's crucial to conduct personal research and verify the accuracy of their statements. If I confirm the information to be reliable, I may consider making a modest investment in that coin. Ultimately, the decision to invest remains in our hands. It's vital to dedicate time to thorough research, avoiding impulsive decisions driven by FOMO or hype.
There may be some random bloggers but not everyone should be seen from one point of view. There are thousands of altcoins in the market, with many experts giving different opinions about altcoins. Do you think you will invest in all types of altcoins, if it was my case I would never bother with thousands of such altcoins. I think those who want to invest in new altcoins must keep an eye on the already active altcoins in the market. Because most of the time when new altcoins come, experts don't do proper analysis. However, we should all trust our own conclusions from such expert analysts.
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.
These are paid blogs probably coming from altcoin bounty campaigns they publish news coins they've participated into hype, shill, and pump the news of the coins or tokens they are promoting, they are all praise for these coins/tokens because they are paid to do so.Quote
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.
The next big things are just catchphrases but if you look at those platforms they don't have anything to offer, the same thing as burning mechanism and profit percentage for every transaction, pump, and dumps are like this.Quote
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.
That's the easiest way to lose your money listening to these so-called experts, there are so many shitcoins marketers right now pretending to be market experts because they are paid to do it and they are making a living out of it, its preferable to have a discussion with your fellow average investors about investing.
There are a lot of "experts" and their "golden" prediction. "Top 5 altcoins with 100x pump" sounds "interesting", but how often is it right? People who work in crypto are like the most enthusiastic players in the crypto world, right? In bull markets, they are prophets, and in bear markets, they are doomsayers. We've seen this script before.
Why not just enjoy these forecasts for what they are: fun? We need to look at this show with a skeptical eye. Altcoins are pushed, but Bitcoin is still the leader, right? The original coin, which is often dwarfed by these flashy new coins. Remember that every story that says "Whales are investing in these altcoins" has a plan and a puppeteer that you cant see. So, we need to be careful, do a lot of study, and be very careful about who we trust. When it comes to crypto entertainment, the only thing that should get a standing ovation is our own smart choices.
Why not just enjoy these forecasts for what they are: fun? We need to look at this show with a skeptical eye. Altcoins are pushed, but Bitcoin is still the leader, right? The original coin, which is often dwarfed by these flashy new coins. Remember that every story that says "Whales are investing in these altcoins" has a plan and a puppeteer that you cant see. So, we need to be careful, do a lot of study, and be very careful about who we trust. When it comes to crypto entertainment, the only thing that should get a standing ovation is our own smart choices.
Please try to understand these are the same people who spreads fud during bear market and impersonates as experts.
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That's right sir. we must have to be careful otherwise our investment will end up in the wrong room. Yes. various ways people use tricks to attract buyers and confuse newbies too. business competition but yes or no it seems to be heading that way too. Sometimes the analysis is really correct, sometimes it's just a copy and paste of someone else's.
Exactly sir. We mostly see these kind of news analysis. They just always made it just for traffic for their earning I think so. They are not good analysers.
They just do their daily routine work and people think that are giving a good advice. And they just trapped by them.
And you are right we should make our own research. If we will believe ourselves so we can make a good analysis and we can get much profit as compare to their analysis.
I never hear them I read the article than make my own analysis if these coins fit in analysis so I buy them. Otherwise leave them.
They just do their daily routine work and people think that are giving a good advice. And they just trapped by them.
And you are right we should make our own research. If we will believe ourselves so we can make a good analysis and we can get much profit as compare to their analysis.
I never hear them I read the article than make my own analysis if these coins fit in analysis so I buy them. Otherwise leave them.
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.
Indeed you right about what you are saying. Scammers has come to crypto and have device several means of decieving people on the type of altcoin that will pomp massively where as those proposed project are there product, which they leed ignorant people to it. No doubt about that. The problem is that we always fall for cheep scam like that, and the primary reason for this is because of greed. It's only greed that will make someone to fall for such. We all knows that bitcoin is the father of all, but we always go for the cheaper ones and want it to pump massively for us to become super rich. With the motive of "life is a risk and only those who take risk survive" 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.
Many KOLs have different good/bad purposes, so understand that when the market becomes active again, there will automatically be many people giving their opinions in the media. Sometimes that information is copied from some source, and people's ways of navigating the news. I understand that no one can really help this market better than you. If investing depends on someone, that person will only see it as a tool controlled by the market.
Those who can recognize and overcome uncensored information on social media will be more mature in the market, and I also believe that when you are aware of your own responsibility with your own investments. For me, every decision deserves to be respected and also seen as a lesson.
Those who can recognize and overcome uncensored information on social media will be more mature in the market, and I also believe that when you are aware of your own responsibility with your own investments. For me, every decision deserves to be respected and also seen as a lesson.
people should know how to make their own analysis when it comes to crypto investment and trading otherwise they don't really deserve to be making profit because lets be real here, the market is tough, most of beginners with reckless behaviour are just simply gonna get eaten by the whales.
If I choose one that already has a high rating, if there are a lot of followers and the positive comments are good and correct, then I will follow. maybe there are many good ones like this, one of which is https://www.youtube.com/@KevinSailly, lots of good lessons from the reviews.
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.
its always self interest that take place when it comes with following these influencers they always trying hard to make liquidity out of their followers.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.
these influencers exist to get themselves rich not to make other people rich but alas some beginners are so hellbent on trusting some random stranger about their financial decision that even when you tell them not to follow these influencers they'd rage instead.
people should know how to make their own analysis when it comes to crypto investment and trading otherwise they don't really deserve to be making profit because lets be real here, the market is tough, most of beginners with reckless behaviour are just simply gonna get eaten by the whales.
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.
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.
Sadly this is what drives the novice/beginners crazy. I once had someone telling me that a popular YouTuber said this and said that, and I had to tell him that these people are just human like he is and have their own viewpoint which isn’t necessarily the truth. Cryptocurrency as a whole doesn’t have anyone that it talks to and maybe give them a heads up. It’s always speculation and surprise. No one ever sees it 100% completely coming. As usual, do your own research and when you’re done, invest only the amount you can afford losing.
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 would consider very few people i follow as market experts, and they don't tell you where you should put your money. They just generally speak about market movements, fundamentals and technical analysis. Any of the descriptions you gave as examples deserves mostly 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.
-emoji. They can tell how big of a probability it is. But phrases like top altcoins that will make 100x is shill talk, and never to be taken seriously.These "experts" can't even pretend to be experts because that's not their forte. They are showmans for fast paced media, like tiktok and youtube. They wouldn't have enough substance to seriously fake it. If you don't know who to follow and you need to follow someone, pick people who are humble and who owns their mistakes. That obviosly comes to top of the fact that they know what they are talking about.
As the market is gaining momentum, there are people that are working on new projects they would launch and use to steal from their victims. We need to be very careful and we invest in new projects this time so that we can stay fully guided from falling victim buying the wrong coins. It is very encouraging for those that have large holdings in Bitcoin and altcoins too because the bull market is going to be long and profitable to holders and traders.
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. 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.
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.
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.
Yes deepfake and other AI tools has been utilized for purpose of scamming and someone who is not much into technology or upto date with AI will be fooled. It's more about there cheap so called influencers who are paid by certain project to hype their project and there will be heard of sheeps following them.
Instead of experimenting with memecoins or NFTs it's better to stick to Bitcoin and ETH as the success ratio of meme/NFT are very less but once one out of 1000 projects rallies then it becomes talk of the town and there will be dozen more coins launched with similar name.
It's better not to heed to any such marketing tactics or ignore the prediction during bullish season all together and just go with market trend.
every bull run however every shiller becomes an expert so there is no surprise to this. where one or two in every altcoin channel you'll see them shout XRP will be more than $10 soon. many will believe them because the majority of the altcoins are also rocketing.
what i think they should be cautious however is when they should be selling because some of these new investors will fall in love with the altcoins they hold and they may hold it even in the bear market.
This type of marketing strategy is very common, companies linked to this cryptocurrency pay websites to publish news about them, generally to capture investors for greed, these coins are the ones I would never invest in, because if they have this advertising system, that's for sure. that the project is only based on enriching its developers.
It's difficult to predict the crypto market. It could be the starting phase of a new bull run where bitcoin reaches 100K and all of alts make their all time high.
But it could be a small price boost before the bitcoin halving. And the current situation could act as a bull trap for the traders.
Whatever be the result, we should play safe. Keep both the stakes of stable coin as well as crypto so we neither be left behind on the bull run are put our money on coins at expensive price and never recovering from it.
You are correct, it is really tough to predict crypto currencies overtime, I think for the last two days market seems in consolidation phase, and it may persist for sometime until and positive deployment regarding ETFs approval takes place and Bitcoin resumes its upward journey.
On the other hand, any negative news can drag down the Bitcoin to its next support level, which is around $41,500 on the weekly chart. It is important to exercise caution and think twice before making any trade. DYOR
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