Topic: Traders be careful (Read 823 times)
Before doing any business, one has to acquire knowledge about it. The crypto business needs more of it; Because the number of invisible miscreants is more here. As I have seen in my own experience, so-called self-proclaimed crypto analysts or experts at different times; Most of the predictions they have made or analyzed have not been accurate. In this case many have done it for the purpose of their personal or group profit. Therefore, before trading with any currency, one must study the trends of the previous chart of that currency. Not on the advice of others; You should invest in thinking by analyzing your own judgment.
I have participated in many signal channels and the lesson I learned is that it is a mistake, most signal channels are bad. Moreover, you can not actively follow the movements of the market, which is a weakness when trading on signals.
You are not mistaken, in fact it is true that many traders or investors rush to sell their coins for several reasons and assume that the current increase in BTC prices is bullrun. I think bullrun occurs when the price of BTC can be significant to the price of $ 20k.
I think they must be careful about fake prediction always. Actually everybody knows at present time maximum predictions are wrong that traders believed at primary stage of crypto market. So in this crisis moment, they must thing 2nd or 3rd time before investment though there may be high prediction. So i also suggest traders don't trade with other decision and make your own research.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
yes, I think the rise in the price of bitcoin and some of the top altcoins currently does not indicate that the bull run phase, people think that now is a good time to sell because seeing the price of bitcoin has passed the price of $ 9k. I think being a trader or investor needs to analyze the market very carefully or not in a hurry to sell.
If they can analyze more, they will find that this time is not a good time to sell because this time is good to buy more. But if they want to make scalping trade, and they have skills, then they can sell the coin and wait for a while to buy back at a low price. But it is difficult to do that thing at this moment because the market is hard to predict where it will go, so we need to be wise to do what we want.
Much of the market is being manipulated, we did not a lot of sustained rally that a lot of persons expected with the bitcoin halving and the market has pretty much been unstable, I believe things will eventually turn bullish, a least the dip we are still above the 8k levels
if the price of Bitcoin is still above $ 8000 I feel it is still safe to hold, the price can bounce again from there, it is very visible when yesterday's Bitcoin price dropped to $ 8800 and bounced to $ 9200 again this indicates that bitcoin is strong, so don't worry
Much of the market is being manipulated, we did not a lot of sustained rally that a lot of persons expected with the bitcoin halving and the market has pretty much been unstable, I believe things will eventually turn bullish, a least the dip we are still above the 8k levels
There are no accurate signals and sometimes the market movement is opposite of what the signal says, but use the signal to collect part of your analysis because sometimes the signal can help minimize investment losses if the updated news is accurate.
Bull run is the most appreciated time in crypto, cant argue with that.
but nothing is certain, and for sure anyone that claiming they know what will happen in the market is just
a guy who goes with co incidence and might run out of luck in the near future
but nothing is certain, and for sure anyone that claiming they know what will happen in the market is just
a guy who goes with co incidence and might run out of luck in the near future
yes, I think the rise in the price of bitcoin and some of the top altcoins currently does not indicate that the bull run phase, people think that now is a good time to sell because seeing the price of bitcoin has passed the price of $ 9k. I think being a trader or investor needs to analyze the market very carefully or not in a hurry to sell.
A person is most often teaches from their mistakes. But this does not always have to be the case. Personally, I sometimes follow external sources, but I make most of my decisions from my own judgment.
Many times forecasts and guaranteed tips will not come true. Certain information from the world of cryptocurrencies is good to watch. Own experience is priceless.
You're right. However, analysis skills like reading charts and other analyzing techniques are helpful as well. However, there's nothing for sure. Improving your knowledge, analyzing skills and studying other techniques are critical for trading! Many times forecasts and guaranteed tips will not come true. Certain information from the world of cryptocurrencies is good to watch. Own experience is priceless.
I don't always believe in predicted charts, it's best to stick to what you know, many speculation are fake. Some just give signal tho, to the best of there analysis, it's then up to individual to follow or not, just like the poster gas said, try to avoid signal peddlers, it's can be a real to dump on you or make you go broke. If you can understand the market to trade at your own analysis, it's better than fall into traps of signal peddlers.
A person is most often teaches from their mistakes. But this does not always have to be the case. Personally, I sometimes follow external sources, but I make most of my decisions from my own judgment.
Many times forecasts and guaranteed tips will not come true. Certain information from the world of cryptocurrencies is good to watch. Own experience is priceless.
Many times forecasts and guaranteed tips will not come true. Certain information from the world of cryptocurrencies is good to watch. Own experience is priceless.
Signals from truly intelligent traders are of course information that is trustworthy, but no one has canceled the rule - trust, but verify, and this is very important. Information from one source is partially true. Therefore, think with your own head and monitor information from different sources. Trust yourself.
-seen
I think we just need to stick with our own position and not have to follow what is there, if we already have a very mature plan, then the best results we will get, I think it can be the thing that I feel right now only needs to determine what is indeed the best for us
Sticking to your own position is long-term holding! It's how I see your statement and I agree with that! Mature
plan can only be long-term investment in project you believe in. This is what I do, I choose projects by their ideas,
and how they plan to realize that! For me crypto-currencies are the future, and this early period is great for
making long-term positions while prices are low and we can afford to invest! Not everyone can buy whole Bitcoin
now, in future it will be more expensive, it will be the same with many alt-coins, buy them cheaper now, or pay
more in the future.
The bull run is the most appreciated time for crypto currency investors and trader's
But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
I think we just need to stick with our own position and not have to follow what is there, if we already have a very mature plan, then the best results we will get, I think it can be the thing that I feel right now only needs to determine what is indeed the best for us
The bull run is the most appreciated time for crypto currency investors and trader's
But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
But i am shocked after the little bull run that pushed up bitcoin, etherum anf other token prices, people are starting to offer signal services, ttadr signals etc
Suddenly some set of people turned theirself to analyst.
i would advice you stick to your trade patterns or strategies and avoid this desperate signal peddlers.
NB: This is basically my thoughts this morning, perhaps you feel its a wrong motive from me?
let me know what you feel about it.
I agree with this opinion. I think it is more satisfying if we do our own analysis. Because of brave analysis should be done in trading. We must predict everything in right position. So we never make mistake.
That's usually the pattern. There is always increase in analyst when Bitcoin is morning and they begin to bring out their TA's showing where bitcoin is likely to reach in price which so many innocent people do follow and get caught in major dip. The so called analyst will go into hiding during these period. Let's be careful and not fall into wrong hands.
If you notice lately, after the bitcoin halving, there are so many predictions around.
My advice is this, presently the situation is 50/50; and you have to ensure make sure that you stay up to date with your research functions.
Do your own research, ignore analyst and focus on elearning new strategies
I could remember, a friend sent an analysis made by some who call themselves experts, but in the real sense, are learners. Immediately I saw it, I knew something was wrong about it. In fact, not too long after telling him, I started pointing out the opposites of what they said, which was very obvious.
Even if they have predicted correctly in the past, that does not mean they cannot make mistakes.
Even you are trading based on trading Signals from telegram groups, twitter groups or any social media handles I would say you have to be extremely careful because some of them are paid to do so and some have provided wrong signals that made many jump in coins without verifications. It's best you do your own research than following what people say.
Exactly, even some so-called paid signal groups are garbage. Sometimes i just laugh when some telegram channels post supposed successful signals given to VIP channel, luring gullible traders to join the VIP channels. A friend paid 2000$ to join a paid group and still lost about 1300$ from their leverage trading buy call. Best way to succeed in crypto is to stick to what works for you as OP mentioned.
Even you are trading based on trading Signals from telegram groups, twitter groups or any social media handles I would say you have to be extremely careful because some of them are paid to do so and some have provided wrong signals that made many jump in coins without verifications. It's best you do your own research than following what people say.
Jump to: