Time to be cautious: Everyone is not market expert - page 9.

AnonBitCoiner

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Quote from: oktana on December 07, 2023, 04:17:27 PM

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.

Agree with your statement because there are lots of people who shows that they can easily predict market and market goes according to their prediction but I think that as we can use our IQ level according to past details so similar will do those people. There is no one who exactly speculate the worth of the future but sometimes there speculation become accurate so most of the people trust them but there is nothing real about their predictions.

Don't get any suggestions from others and also don't believe blindly if someone tell you about future because as they can predict you will also be able if you watch the history because bitcoin always repeat its cycle so similar things occurs with other coins. But if you are unable to decide then just hold bitcoin and then leave all the things on future because neither you can see future nor anyone else.

bettercrypto

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What you said is right. As we get closer to the bull run, we need to be more careful. As long as possible, just hold and save first. Now, if you think you can keep up with short-term trading, go for it. But if you hesitate and you know that you are not that deep in trading, then do not force yourself to go along because your assets will be wasted.

So the best way really is to continue dca and hold; that is the only key so that we as holders can still be successful at the right time and season during the bull run and the upcoming halving as well.

danherbias07

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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.

Truth!
They will always be there at both bear and bull times but we have to be more cautious at these moments of time. Do remember, there are those who are trying to pump a coin that had been in their safekeeping for years and they want to ROI using the bull run now. I won't bite on that trap because I already did before and I learned my lesson.
There are also projects that will try to revive their coin but the truth is they are already dead, they are just trying to make money out of nothing or they still have a large volume of that coin. Although they are listed on some unknown exchange, they are still dust and they will take advantage of this opportunity to sell it if they can somehow increase the demand even with just a cent of a dollar.

Let us all be careful and I agree with OP that investors should understand that this ain't really new but all must be warned just so we won't forget. Let us try to minimize the victims of such phenomena.

goldkingcoiner

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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.

I agree. A lot of people from the older x generation are going to get duped just like boomers got duped with fake phone calls from scammers claiming to be family members in need of money.

And it is only going to get worse. Fake AI voices certainly level up the entire situation.

I would have thought that by now, we would have some more anti-AI AI tech that could deal with such issues but it seems there is no huge market for that. For whatever reason. Maybe because AI is not advanced enough to be considered a danger.

Kelvinid

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Quote from: GlacierBIT on December 08, 2023, 07:52:02 AM

There is no trust in spam sources, only a few are willing to believe such unverified information for the sake of easy money. You need to study the information in detail and not make hasty decisions. Making money trading currencies is not an easy job, you need time to study the cryptocurrency market, try to delve into all the processes and technologies underlying crypto assets.

Perhaps, it was necessary to verify the source rather than trusting it too fast, we never know how legit it was or just was a sort of their personal opinion because we are still the ones to suffer in the end. We have to find a reason why we have to believe them, they will have some credentials to show before claiming themselves as market expert - experience, familiarity, and of course, deep knowledge about crypto. However, we should also have to encourage ourselves to learn and become independent because this is the only way for us to succeed.

Miles2006

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Quote from: oktana on December 07, 2023, 04:17:27 PM

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.

I think this is the common problem in the crypto market, everyone acting to know but the truth is no one can predict the market 100% rightly, everyone pretending to know mostly on social media commonly on Telegram no doubt they're humans like us and they have their own view on the market it's not a must to believe, just like the way everyone has their own predictions but the difference is they decide to broadcast their predictions on social platforms. No one can be an expert in the market that's just the truth, surprising beginners will fall for this trick and some investors who lack the idea of making research, it's best to make research and do your own thing

Husires

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The useful summary is that it is time to invest only in Bitcoin and not to invest in any of the altcoin until you are completely certain that it has value and that its value against Bitcoin will rise, and then buying and selling it against Bitcoin is the optimal strategy.
Beginners may not realize this fact because they believe that they can make a good profit from investing in altcoins, especially after every pumping signal, but after several deals they will discover that most of them were not as good as they expected.

GlacierBIT

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There is no trust in spam sources, only a few are willing to believe such unverified information for the sake of easy money. You need to study the information in detail and not make hasty decisions. Making money trading currencies is not an easy job, you need time to study the cryptocurrency market, try to delve into all the processes and technologies underlying crypto assets.

Bellarg

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Even market experts are not experts. It's really hard to predict crypto market. Tech analysis is almost not working here. So, stay safe and stake sats

bluebit25

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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.

Adreman23

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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.

Essential10

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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.

smyslov

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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.

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.

Blitzboy

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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.

Andrija Branislav

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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.
.

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.

Publictalk792

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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.

Samlucky O

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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.

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"

killerfrost

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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.

Velemir Sava

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Quote from: JeffBrad12 on December 07, 2023, 07:20:31 PM

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.

JeffBrad12

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Quote from: Hypnosis00 on December 07, 2023, 04:57:27 PM

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.
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.

Topic: Time to be cautious: Everyone is not market expert - page 9. (Read 2016 times)