Bitcoin Forum

There's a popular trading adage that says you shouldn't trade with emotion since it might lead to wrong decisions about when to buy and sell, but I think there is a worse thing than emotion.
Some YouTube channels are excellent evaluators who will never be biased in their judgments, they will tell you everything, even the fair fundamental and technical aspects of everything you need to hear, but some are so bad that I get irritated when I see their YouTube video thumbnail.
As a trader, you should trade with all of the knowledge you have obtained, your actions and targets should be based on your discoveries, not whether bitcoin will increase by 100x or by a million.



Shillings and hype are good sometimes, they might have their influence on bitcoin/Altcoins growth but I think it's not good to follow their steps because they say it will 100x, they are overdoing it and it doesn't help traders.
Be focused on your own findings and make a clear decision on your trades.

Yeah,all the clickbait thumbnails on Youtube are hilarious.
Those crypto Youtubers must be really desperate for clicks and views,despite the fact that they are killing it with crypto trading and making a shit ton of money(if you really believe their own BS). ;D
You know what's worse than Youtube?...Tik Tok!
Getting ridiculous investment advise from Teenagers on Tik Tok is absolute cringe.
I've never used Tik Tok,but I've seen "Tik Tok Investors" compilation videos on Youtube and I can tell you that this is a circus.
Every experienced crypto trader must watch this kind of content only for fun(and cringe).

Yeah I am not a fan of these types of videos either hyping the viewers without any promises or guarantees at all. To be honest, I am kinda “allergic” to these kinds of thumbnails and the entire content despite that they looked funny (which increases clickbait rate to be honest, video SEO stuff).

It’s pure clickbait, especially that they are targeting mostly newbies, beginners and those who are not yet experienced in crypto investing and trading. Nothing is guaranteed here like BTC is going 100x in that certain month or so due to their so-called “technical analysis” stuff or something like that.

It’s better to have a realistic natural kind of content rather than just hyping that doesn’t guarantee or promise at all.

If you're on your early stage of trading journey, being emotion is fine and normal because we all have that experience during our early days and I'm confident that you can learn from that experience because for sure you'll lose your money.

It's hard to tell to newbies not to be being emotional, because they don't know how to handle their emotion yet and they need more experience to be able to control that emotion. Newbies should take the process slowly but surely, and do everything to learn how to be more effective on analyzing the market.

Getting too emotion is too risky, you can lose everything for being too careless so if you are a newbie don't do day trading yet, better to trade for long while learning the process.

As a trader you have to ignore YouTube videos like this and YouTube entirely because it can be very distractive unless you're going to watch some educational videos on trading. This 10x, 100x videos are all useless, there's nothing worth learning in any of them. Shilling has never been good, Bitcoin didn't need it to get to the price it currently is. When a project pumps without any utility or adoption backing it, it usually dumps badly. It did happen to Bitcoin in 2017 as well.

In regards to the title, I don't think it's worst than trading with emotions because for you to fall for the clickbait it still has to do with emotions. Emotional trading is worst as this can make you lose quite more than following some shilling channel. The shilling channel might give some profit and if you're smart, you exit the market and go invest in something more tangible.

Watching youtube is only good to learn TA and usually channels like that have a small following. Cryptoface has been doing lives with trading tho dunno is his thing he uses good, never tried it.

If there's one thing that equates to trading with your emotion, that would be those shitty 10x, 100x thumbnails which are basically your PnL. You see, a lot of people including myself trade their PnL's instead of their technicals, and I admit that's it's the most difficult thing to do.

When you look at and trade your PnL, you get a roller coaster of emotions that impedes your ability to trade your technicals, resulting in incorrect entry and exit. It's not a good idea to enter or exit a trade based on fear or greed. You enter a trade because you see something that validates your directional bias, and you exit a trade because it confirms your invalidation level and the trade is no longer applicable.

Doing this religiously would at least control your decision making.

Yes practicality is a way to trade. Use indicators that will guide you into the real and current market situation and condition is the way and not sentiment or emotional construction you have built by yourself, fear or fud. Some traders have believed YouTube channels alot and they can't find time for themselves to study and research a strategy for themselves. YouTube channels are also people who are there to make money from traders, so everything they bring out to your face is not true.

If people used their brains a little more, then they wouldn’t waste time on such nonsense, which is really just a waste of time. These people just use what technology allows them to do and make decent money on it, and I wouldn't spend a second of my time watching something like that, even if it's the only thing that can be watched.

The worst of them are those who promote everything they are paid for, regardless of the fact that they know that it will cause direct damage to their viewers. One only has to go back a few years and see how they lied about how Bitcoin came to an end, and that some bitcoin tr(c)ash becomes a new big thing.

I see a lot of thumbnails like that and I just click "Not interested" to it. I read one of those videos and they are like empty can, a lot of words but their analysis is not clear and not on point I suggest watching youtube videos about how to use some analysis and that is much more better since it will add to your knowledge. Though, there are some users that really gives their actual analysis, no elaborating and other bs.

I'm looking at the thumbnails of guys like they're having an orgasm, lol.
Well, I also sometimes look for references to crypto fundamental factors based on the analysis of some random trades on youtube. However, I always avoid channels where the creator explains that it's too passionate because I think it can affect the psyche of the viewer. I also often see some of their video content being deleted a few days later if their predictions are wrong.

The worst of such video is that after the end they encourage you to hit the notification button and subscribe lol ;D and this is funny because a trader that is making profit have no time for the little subscription fee. Really if you profit from trading you see alot of cool money that you don't want to cheat other traders and take the little they are struggling to double or increase. This is surely a painful and unfortunate situation that many traders are falling on because they refuse to listen.

I laughed after seeing those thumbnail. lol

Do you know why they always did that thing?
Well, I think these YouTubers are all acquaintances and some of them are friends in real life but who cares?
Anyway, those clickbaits is just too exaggerated that I think they didn't notice they were doing it with pattern although, I think most newbies who are new on their channel might find it amusing but for eff sake they were all doing it just for the views.

I find it boring when I see how long their videos after you finish it watching or just before you watch it because I know it's just all a ton of shit story gimmick that doesn't go straight to the point. It's better to find a worthy long videos if you know who is the person talking and how reputable they are.

All of them are hoping to get that sub which if we do think about common sense then there's no one would be doing that if they are really making that sufficient money and
earning peanuts wouldnt really be that a serious matter to them but instead then you would really be just focusing on what they are doing.Its been part or already rampant
into this market on seeing those kind of shills and hypes which if you arent that good enough on handling out your emotions then you would really be finding this
as a big problem onwards.

yhup much better to focus on our own way when it comes trading information than relying on some YouTuber because mostly are click bait.

And based on my observation most trading videos in youtube nowadays are not genuine to be honest, i mean most of their contents are not base on their own experience and knowledge, wherein they used yo put a twist on their content only but still very obvious a copy paste information from other professional traders in youtube.

Perhaps they don't care about the real information about trading . and what really important for them are views so that they can make good income from it.

So let's be wise as well who to follow in youtube to obtain exact information.

Stop it! That's not true!
I have watched great bitcoin educational content creators that dish out the best content every week and 2 times weekly, the likes of Coin Bureau, Red Panda mining, Bits Be Trippin, and the list continues. They have plenty of subscribers and I must say they are doing very fine especially Coin Bureau is always more of fundamental details than technical and he has about 1.95M subscribers.


They usually end up with thousands of subscribers because they upload what would get them more subscribers, and they constantly complain when Youtube removes their videos. If it weren't for the fact that the purge occasionally affects those who provide excellent content, I would prefer that shadow be added to their video rather than eliminated. We need to tell people what they need to know, not what they want to hear.

Viewers should know how to spot trash videos because a lot of them are indeed paid if they are promoting specific coin or token. But if you find those channels which discuss matter-of-fact about crypto trading, not giving you false hope about earning profits, then, you need to bookmark them. A lot have overwhelming presentation in terms of profit generation because most of them are sponsored. Remember, there are YT bounties out there. So what they do is promote the project to the extent of giving unreasonable returns to trap potential buyers. Be cautious on those videos.

That is why some videos are not intended to be seen and believed because they only bring us false hopes and when we start believing it, we lost our focus on our own target because we tend to fall from its exaggerating stories. So its a matter on believing and  trusting them, or just stick to your own market analysis because you know you based it from facts and good experiences. There are a lot of videos really in the internet, some can inspire us positively, others are there to give us false hopes and destruct us from our own goal.

Better not to fully rely on videos in internet because most of them are paid advertisement which they do to manipulate people and to mislead those newbies. Its ok to watch if your intention is to learn about trading, but avoid those videos that talks about specific project, they are all advertisement and you’ll learn nothing from them. Having your emotion controls you every time you trade is not good, learn how to trade without it and just base on your own analysis.

That's why I don't rely my decisions through influencers or YouTube videos that I've just seen. And as much as I can, I'm now avoiding to watch those videos.

These content creators are making sort of hype with their thumbnails just to make it very encouraging to watch and out of our curiosity, we'll watch them.

It's better to do my own analysis in the fundamentals since I can also do what they're doing about research.

It's not actually wrong to watch influencers or those who called themselves experts on Youtube as long as on our part, we should know what things are really good to execute to do. However, there are people who literally follow everything that these influencers are doing. Not wrong but it should be obvious that results and outputs are different from each other.

Not because we profit from these strategies, everyone will have the same output.

We all have skills in doing DYOR, it just needs improvement.

Well, you can't deny that some people have profited off of pure "hype" in some projects. Just that, it isn't really trading tbf, I'd call it gambling. Well if you were able to enter early on before the hype pumped up, or even in the middle of it, you can still get some sort of sizeable profit BUT if you were one of the last ones, then yea, you'd be crying losing your funds due to hype. Honestly, I'd rather just stay away from influencers and whatnot that talk about what they THINK will happen. I'd rather watch people talk about the meanings and the like, you know, factual information (from a beginners perspective), then do the thinking on my own side instead. Can maybe reference a few others, but that's about it, it stays as a reference.

Firstly that is a nice collage and I wonder how long it took to prepare. ;D

Now I divide the video-watchers into two groups,
1. Those who blindly believe everything they see.
2. Those who are skeptical and take what they need.

See the first is the major victim of such shilling, click-baiting and other "cringe" methods of marketing your content. They are also the ones who are in it for the quick gains and dont understand the fundamentals because that needs a brain.

The second group is whom I admire a lot, they know it is a trash video, but they might watch it only to take what they need. If a channel is nothing but trash, usually this group will stop watching a specific channel.

Either way, learning from youtube can be done on many subject, but not trading. The incessant hammering of shitcoins is bad for newbie traders it makes them lose their hard-earned money while the creator gets paid from that shitcoin company.

Also the reason why there is lack of of follow-up on shilled coins. It is a one-night story only. :P

Yeah it’s funny because none of those YouTube stars do any actually trading. Why trade and lose all your money when you can simply make a video in hindsight about what will happen tomorrow for cryptos.

Those are some of the worst click bait thumbnails I have seen and seems many are copying each other. And they get big revenue from YouTube for doing practically nothing. They got no production budget or anything. Just make a quick video, show some charts and you get profit.

Influencers' faces look more emotional than what they are saying. Having lots of subscribers will make them money, they get to make money even without trading. They get paid for thier videos too, I have not seen one of them specifically predict the market trend in a particular time frame but just saying a safe forecast avoiding blame from its subscribers.

If a trader supports an altcoin, end your support to that influencer because eventually, he will shill that coin. This is why I just focus on BTC/stablecoin because traders are just going to be in this market.

Yes , shilling is not always Bad specially if this tackles right or truthful , but the problem is most shills now are just to favor them as being paid or at least investing in what coin they are shilling.

it will always be best to not rely in anyone but your own judgement so if ever there is a failure at least it is your money and that is your decision.

those people care nothing about you actually instead you will only be in luc if invested in their product and succeed eventually .

This is similar to what happens in politics because they always tell us what we want to hear, and most of those who listen to it believe them - at least every 4 or 5 years when there are elections. The fact is that today you can sell anything if it is presented in the right way, and these people are using old proven tactics with the help of new technologies.

This is where the good or bad side of the internet collides, but some more than obviously can't figure out where that limit is. It's not a problem to find information, the real problem is how to filter it properly - whether it's a youtube video or a crypto project, and sometimes it looks like you're looking for a needle in a haystack that's getting bigger and bigger.

Exactly.

They're making a content for money from the crypto market. Telling what's likely happening currently and what are the contents of the news that they'll just re-read and show it to their audiences.

They have no risk doing these videos and the risk is on their viewers if they'll going to listen to these YouTube video creators. In the end, only a few of them are really for the helpful information like Andreas, the rest of them entertainers.

the price is dropping a lot, the news is bad, panic is everywhere and fear starts to appear, at that time it may be better to listen to fear and sell before the worst happens. there are people who are making hodl ae today of altocoins that are no longer good for anything, but as these people have the thought that they shouldn't act out of fear they are getting shitcoins and a lot of losses

Both trading with emotions and following the mislead advise of an influence is almost the same thing but the only difference is that the trader will know that the research was done by her and she will make herself responsible for the result.
Like the OP shillings and hype are good sometimes, I can still remember when a project was shilled in the telegram group but I ignore it then and now the coin is among the top 50 coins on CMC.
I later realized that when a shiller or an influencer advertise a coin it is good to do some research about it before ape on it because sometimes their statement are true and sometimes it not.

Usual thing to happen whenever we do see these declines or the market had failed out to reach those people expectations.On the time that it had been playing out around 44k then people do already

starts on presuming that the price wont really be going below 40k but instead it would shoot up directly to 50k but look at on where we now? This is im always saying that not everything would be

guaranteed no matter how positive sentiment we do have in the market because price could move out differently and on random manner which simply you should expect the unexpected.

There are positive influencers too, as much as negative influencers have become rampant too. This is not surprising as bitcoin fever has become mainstream in the social media. But we don't have to believe some of them who are already making exaggerations as it would destruct anymore our own market analysis. We have to always rely from the given facts and not from FOMOs or FUDs that they have been shilling because for sure they are also paid for it. The most important thing is, we have our own market analysis and that we stick to it to come up with our target. And trading with our own emotions will never do good in trading after all.

Yes, nothing wrong with watching.

But what's wrong is if you start to rely your decisions with what they're saying. We're still the ones that has the power to make our decisions and it should be no regrets when we decide.

There are still some information that could lead us to profit that comes from them.

That’s why a lot of times I do tell traders that it is best for them to learn how to do their own research or technical analysis, or whatever it is going to take for them to be able to carry on their trade without having to rely on anyone. The only time you will be desperate enough to look for these YouTube pages and the rest of them are when you don’t know have the knowledge of what you are doing, when you’re only after quick profit , then you will keep looking for such videos that satisfies your urge, and at the end of it you will be misled by these YouTubers.

There are helpful YouTube videos for sure, if you take your time to look for them, but even at that you should learn to do things for yourself, do your research and be able to make out your opinion on whether what you’re being told is right or wrong.

First of all, people who go after these YouTubers and watch their videos have to understand that the cryptocurrency market trading comes with risk, and nobody is certain what it is going to be. Take for example, I have seen so many people who predicted a bullish move for the altcoins market starting from January of this year, but that never happened, instead a lot of altcoins that they have mentioned has been critically low and the way I am seeing them, there is no hope for an increase this year.

So, all these things are just people speculating on what the price would be, when that’s not going to be the case. Sometimes they might be right though, that’s mostly a gamble, while few of them can be a proper research to predict the price.

You are absolutely right here, because I had also some experienced regarding these issues that channels you talked about is also as same as the emotions itself of a person, but the difference is that emotions can't be controlled as easily but relying on other opinions can be controlled and that will be a great satisfaction if someone started his own research on something and achieved that. That will give a person inner happiness as he worked hard for it and he did it.

I've stopped watching and clicking on thumbnails with guys screaming or caps letters no matter the content, from reactions to reviews to fails to car crashes to funny animals, those thumbs scream desperation to get views and have an extra $ for a big mac menu.
Not even counting fake photoshopped thumbs that are nowhere in the videos.


So if you already know what to do, why do you waste your time watching what a stranger tells you what to do?


And TA had been proven to be complete garbage when it comes to actually predicting the price on short to medium intervals when I hear and see poeple who somehow managed through their TA to arrive at the conclusion that Bitcoin price will definitely go up in the next 3-4 years or decade I feel like slapping them with a stinky sock full of lead. Using a coin to predict the price for the next week or month will probably be just as accurate, or better, use a hamster!!!!

This hamster's cryptocurrency portfolio is beating the market (https://edition.cnn.com/2021/09/27/investing/hamster-cryptocurrency-trader/index.html)
Also, RIP, the poor guy died, unfortunately.

You will inevitably incur losses if you follow the wording of the comments on bitcoin trading on YouTube channels. You can do technical analysis from YouTube channel but don't go for investment. They never share up-to-date news of the market.

Even if its a live one, it wouldnt still give out that kind of assurance that it would end up on being a good trade.You could snip out some ideas from those
people which you could apply it into your own analysis.Dont ever tend to rely nor follow purely with those calls yet its still a speculative one which means
that there would be always no guarantee of success and once it do fails then you would really be having that kind of regret.

I've also seen those clickbait and bullish predictions that these people have done.

They've misled people through their videos and making them emotional because of the idea that was formed on their minds and later on, was shared to every viewers that they've got.

It's not always good to think of them as a source of material and information because they're more likely to have the wrong prediction than being accurate.

they are just creative with thumbnails that are as attractive as possible to be clicked. About the knowledge that is in it certainly will not make people interested. because they don't really do the technical analysis properly. There are only a few YouTubers who do have skills in technical analysis. They are also influencers who have a lot of fans and they spread referral links to get some profit from every referral that joins.

those who claim to be traders on youtube I'm sure not all of them are traders, they're just trying to make money from the content they make. I still have minimal experience in trading but I try hard to be able to be independent in making decisions, I encourage myself to stay focused on learning and learning in trading.

That's really possible as most of them are not even telling the reality of trading but only to emphasize that trading with bitcoin will be very profitable in the long run. Of course it is, but its a very tough road before traders can achieve it. This is most of the youtubers lack, "transparency". So if you wish to trade and be successful in it, don't rely on them and come up with your own facts based market analysis. After all, once you get lose in trading because you rely on them, they will not be responsible on it and you alone can only be blame. Because a trader should be fully responsible for all his actions.

We really have to learn to trust our own analytical abilities, because if we only rely on other people's opinions to make decisions. It will not only
make us lose, but our trading skills will never develop. If we don't understand how to analyze the market, the solution is not to listen to signals
from other people, because the analysis of others does not guarantee 100% accurate. If we want to learn trading from YouTube videos,
don't look for youtubers who only give signals. But look for youtubers who really provide education, which teaches us to be able to analyze
the market ourselves. Or we can also take trading courses on trusted platforms, so that we have good research and analysis skills. Usually,
if a trading course is not only technical knowledge we get, but we are also guided by experienced mentors. Then it opens the opportunity to become
a successful trader in the future. Never be lazy to learn and never give up when we fail, because even professional traders experience many failures
and a long process to be able to generate large profits.

Most of these video creators are not really a trader. We know their purpose on why they're making these videos but its up to us whether to believe them or not. If you're a kind of trader who rely on youtube videos to get information or to learn, make sure to only watch the videos with a helpful content and not just pure speculation.

Indeed. Experience is a best teacher so if you already gain knowledge and experience then it wont be hard to understand trading and come up with a strategy to maximize your profit.

There is a difference between a trader and an experienced trader. Anyone who converts one coin to another at a profit can call himself a trader. And will read some journals then open a YouTube channel seeking for view time.
Don't get me wrong, some people are actually good traders but they don't know how to teach people about it.
Telling someone to make their own discoveries is right but not everyone has the ability to make such researches or discoveries. There will still be need to depend on experts.

It's not just in trading. Also in the crypto investing space. Majority of the people that claim to be an expert or mentor do not know what they're doing or at not really knowledgeable about the field they claim to be proficient in. That's why it's important to know how to differentiate between those that know their game and those who are just lucky. I don't take and also don't advice anyone to take to bluntly take the advices they get on crypto twitter or YouTube.

They are being paid on it so they also have to look like more knowledgeable so that it will be more convincing on part of the audience particularly for the noobs. When in real life those things are also new to them. This is the reason why traders should be more resourceful and flexible so they can come up with their own market analysis and developed strategies that will be useful for their trades. If they can't rely on their own, then trading should never be their top priority on crypto.

I don't believe anymore in most of these YouTubers. Usually, they will post clickbait photos to attract naive users. But if you are more knowledgeable with them in terms of crypto, and try to watch what they are saying. You will conclude that they are just saying trash, and I think, they also know it. But there are some people that are gullible on this topic. So they are just hoping that some of them will believe what they are preaching.

Most of the YouTube creators don't make money from trading cryptocurrencies theg are making more money from YouTube ad revenue so all they want to do is to get more reach and more views for that such kind of contents and thumbnails are needed for them but don't ever make an investment idea just because someone said it will work in this way.

Besides that, Youtube content creators only show the market in their videos but don't trade real. They create very catchy titles to get people curious and see the content. That's a good strategy because we still find it a lot on Youtube until now. But maybe there really is someone or some people who might make Youtube content about trading and they really teach good trading techniques. We must not just follow them because they say that A coin will increase, but we must research to find the coins.

If you are talking about Youtubers, then nothing except earning revenue from Google. They just add some attractive thumbnails to increase views and earn revenue. And Youtubers promote a lot of shitcoin by taking money from the project owners. I know it creates a flow for sometimes but eventually, holders become losers who followed their video. Because earlier buyers take profit and new buyers lose funds. To be honest, trading isn't an easy task where you need to use your brain in real-time. Should keep patience and take decisions with a cool mind rather than be influenced by YouTubers.

LOL if we take a look at all the pictures you put together we can infer a rule, if the thumbnail of the video has a person with his mouth wide open and a bitcoin symbol then you know it is not worth watching. ;)

But being serious this is what happens with the media, in order to bring attention the media most of the time exposes the views of those which have more radical ideas because this generates more views and clicks and the voices of the moderates are not considered, the same happens here, who do you think will get more attention, the trader that predicts sideways movement for the next months or the one that says there is a big bull market coming? And it is obvious the latter will get way more attention than the former.

Good and tempting words will always attract the crowd, even if its beyond already the truth. Well, this is not something new as most of the youtubers are always making promotions in their products or in any content that they will be paid. But if we already know that those are mostly exaggerations, then we should avoid following them and focus on what we think is true that is not biased and that is purely based on facts and knowledge that we have gained. In trading, its not just about the hype and trend, but its more on the effective strategies and the right attitude we opt to have when we trade because that is more proven to have gains, and not on losses.

You don't wonder that OP as many YouTubers will talk nicely as they are somewhat promoting something and they are paid for that. you have found it out from reality and yes, many of them never know how trading will work in actual trades. Indeed, they are right saying "don't trade with your emotion" and for them also to control it otherwise, failure will certainly come to them.

I don't even follow any of them (Youtubers), I just make my own strategies as trading is full of discoveries. And I also think that some strategies may not work all the time and so we need to figure out what will be the best.

I feel one should absolutely avoid surfing around youtube for trading, especially for the trades one has already entered into, some people have the habit to see youtube videos in search of validation of their idea just to make sure they are correct but this is a pretty bad idea because you actually just take up the idea which matches your thinking the most and not the best idea. One should just have a few educative channels for trading and one should only follow them to learn new things so that you are not feeding yourself every day with this garbage. The worst part obviously is that these traders would act on youtube as if there is no better trader than them.

The interesting thing about some of these expert traders on YouTube is that majority of them don't even make technical analysis of the market and often rely on FA or hype to base their bias on. Afterwards, they put out a clickbait to attract unsuspecting people who are there to learn and it's that bad. It's not just happening with crypto but other industries as well. I feel like the influencer space has been too saturated that people don't care about the contents they're dishing out as long as they get thousands of views even though they have to mislead people to achieve that.


In spite of these, there are good channels where the content creator takes time to put out educational content that would come in handy. Only problem is that it's hard to sort those out due to high number of youtubers putting out clickbaits. Like you said, using YouTube shouldn't be used as a justification of our ideas.

I noticed that most people choose YouTube channels where the opinion expressed coincides with their own. After all, everyone wants to hear confirmation of their choice. The main mistake is that we do not take into account the opinions of others when our strategy is not correct.

It's funny how most of the thumbnails have people in them with their mouth wide open showing that they are astonished about it.
But in reality they would have clicked so many pics in that pose to choose the most enthusiastic one.
Youtubers are too good at their game on making people believe their emotions and the content they provide in their videos.
As you say, traders must trade on the knowledge they have obtained and practice and not such emotions especially from these videos.

Totally agree, trading YouTube channels don't have your best interest in mind, it's unlikely that they really care and you don't really know if they care so avoid them, no matter how much you want to say that they're not biased, they already have a stake in the cryptocurrencies that they're going to talk about so it's not their problem if you're late to the party.

These influencerspstly contribute confusions which could also affect our emotions which usually result in wrong decision making. As for me, it would be smarter to do our own research for us to be more knowledgeable about trading so we'll also know how to deal with every market situation. There will surely lot of things that might affect our emotions but if we already know how to observe and do technical analysis, nothing could influence us negatively.

You’re right, they are not even trading and making money, their main source of income is through YouTube. These YouTubers are always desperate for having steady viral videos, so trust me they are ready to do anything that it is going to take them to be able to make a video that would be going viral and fetching them plenty of views.

So, they would make any video that would attract viewers, that is why you see them making all these videos about 10x, 100x and 1000x profit videos, because they know for sure that a lot of people would be falling for it. At the end you’re mostly getting the wrong information and they are benefitting from your views.

But what they are doing is giving them money so if we are simply waiting for someone to teach how to become rich then it will never happen, we need to find our own way by doing something and experimenting lot of things and facing difficult times.

In short, trade on your own and not by others? But, what if the knowledge that you discovered or obtained are the same as the shillers that you saw on youtube where you also believe that bitcoin can reach a 100x price in the future? If you have been doing a regular research then your already a pro and you already know what are the good and the bad's on this market.

I do not have a problem on the people that shill top cryptos because I also believe on what they are saying. Top cryptos really have a big potential although it can be a bad thing if your a trader because a trader usually don't wait for too long and there are obstacles (or dips) that we will experience along the way.

Very true and in recent times I noticed most of this YouTubers also use the clickbait because that's the easiest way it gets your video to the top. It's just like with TikTok as a content creator, you have to make use of some trending sounds to get the audience attention. We have thousands of this type of video without any real value on YouTube and immediately a particular coins starts trending you'll begin to see video from every angle you look at and it is very difficult to differentiate between the authentic videos fron those just looking for views by just looking at them, you first have to click to view.


I won't generalized but I'll say a vast majority as that's more accurate, we have those that does this because they want to help out others and we have the vast majority that are motivated by money so they sell courses that wouldn't teach you anything new.

Sometimes it happens that our emotions lead to success but here in trading, that is something different. But I don't think need to do this, I guess controlling this to the least we can do is enough. We can still do better trades even having this feeling for as long as we can manage ourselves and make decisions wisely. Emotion may affect us if we never think wisely or we do the right thing. We just need to be mature enough upon trading, otherwise.

Being mature is doing the right kind of trade. Don't trade and after you lost then you regret, that means you did the trade with emotion. Trade and after you lost then you are proud to take the decision. Trading with emotion cost regret and most losses is because it was done with emotion. A right type of trade is taking your time to analyse the charts and see the direction of price and enter at the right time, possibly you make profit with that.

Trading with analysis has always been the foundation of those actual traders, day traders or not. That's the step that must be followed because trading without any plan or you don't analyze, you're good at throwing your money with your trades. People think that it's easy to trade if they've seen others making rounds and all the time positive with his trades. But it's not like that, you'll never know what they'd went through and the hardship of accepting defeat during their early days of trading which is mostly all about losing and learning.

Confirmation bias is a common thing among traders. It is a human nature to seek confirmation because we have guilt inside which makes us want to seek it. Point is that in common day to day life, this may be necessary but in trading this is wrong.

But since it is human nature, youtube and other social media influencers know this and use it to gradually develop a followership. This "minion" type of following is pretty inorganic and mob-like. Not something I like personally, but if someone is making off this, then props to them for being able to do it.

Yeah we know that because we have been trading on our own. These channels get users to follow them and get paid from their followers. But it is a short-term story only, like a gamble and not professionally done trading analysis. These things cannot be done by others and you are only placing the orders, it should be done by the person or a team working together.

What did they did there of legalizing btc is a good decision since the country is already suffering from an economic crisis, btc can help the country to recover again. I heard that the fiat in this country is almost useless but with the aid of btc, people can now have their purchasing power back.

For those people that are unemployed, they can get involved in the mining activities to earn extra income since electricity is not really a big concern in this country, they will only worry if where they will get the capital to buy a mining equipment but I'm also worried what if they charge too much fees or tax on the poor miners as it's said that they have a corrupt authorities.

Before starting to trade, you should prepare everything including controlling emotions,
trading with emotions that will only make us lose and in the end regret,
in trading patience and analysis is important

Those youtube sensations are only showing how good they are on cam, but in real life they are still noobs to their own contents.  This is why we should never totally believe on those youtubers because not all of them are experts on trading. Some only need to pretend because they are been paying good amount. I think its always better to trade based on our own knowledge and experience. At least we know, what's the real scenario in trading and we got to develop and master our own skills and strategies throughout a long span of experience.

Almost nailed it! The shillers keep promoting useless new projects and create HYPE that can be a trap for inexperienced investors who wanna get rich quickly.
Lack of experience leads to buying random shitcoins here there and they keep blaming the team for low market performance before analyzing the project itself fundamentally.
YouTubers with shilled content should avoid strongly recommending the altcoin bags, I usually can smell fishy content on social media thanks for the experience of many years.

We do not immediately believe what influencers promote, and don't think trading or investing in crypto can make us rich instantly.
Most influencers, especially on YouTube platform those who promote new projects definitely aim to make the projects they promote hype,
even though they already bought it before. When many people buy these projects, the prices of these projects will skyrocket, but in a short time
the price will fall very deep. That's because the influencers who promote these projects are already taking profit when  the price goes up.
And those of us who buy at the peak price will usually be stuck in these projects for a long time, because what influencers  usually promote
are shitcoins, which are usually used for pump and dump.

So I suggest before buying coins make sure we do research and analysis correctly, so that we can make sure the coins we buy are really potential
and have a bright future. Don't choose coins based on other people's opinions, their opinions can sometimes make us make wrong decisions.
So learn to trust our own abilities and never be lazy to learn all things crypto related, because we have a lot of knowledge we can avoid choosing
the wrong coins.

Lol, one thing I have never done is going to YouTube to watch videos about which coins to buy it any recommendation at all, I really don’t look at those videos, because I have never picked interest for once ;D.

Not that they may be bad, and not that I don’t make use of YouTube, I use YouTube and I do search for and watch a lot of videos, but when it comes to cryptocurrency and making decisions here, I just don’t see YouTube as an option, I just do research and look for articles to read and help my research than watching videos of someone yelling 100X profit at me, not really my thing.

Yeah, I also don't like these types of thumbnails they just do it for increasing their impression rate, we all know it is not possible for BTC to 100x in a month or a year. Most newbies will watch these videos but they don't know that they are just doing it for YouTube Earning.
There are other Best YouTubers also which teaches newbie right way of trading, doing Technical Analysis & some basic rules of trading. Newbies must watch these YouTubers' videos.

I have never ever watched the above showed YouTubers so I can't tell how they teach or show the market. So Please DYOR

I don't beleive trading can be taught by anyone unless we learn it by ourselves from our experience. Yes there are experts team who can help and guide to learn things fast but it needs a lot of money but they just teach and we only know hiw much we can understand in the short time period, there are also some YouTube channels which affiliate themselves with trading courses and make money out of it.

I think if you intake too much information from the internet, whether it is in video format or article, it's going to be your decision at the end of the day in where you are going to be placed into if you are long or short ^{(if you are trading futures/margin)}. System overload can happen, and it's up to you what to do. Having too much is not good, and there might be overlap with the knowledge, and there could be conflicts.

It is better to stick to a strategy that you can do for a long time and be consistent with it.

This is the best way to learn trading, though a safer method is paper trading using virtual capital, like a board game. It should be done by newbie traders before using real funds.

It is mostly about the money, these youtubers are using it for a living and therefore whatever they do now, one day they will start affiliate links and paid promotions, it is just a matter of when. Everyone of them is sold and they dont care about what their followers are making - reality of influencer marketing.

Agree with @crwth that the amount of info on the net is too vast to verify each and read. That is why one does not need to depend on youtubers for this, they can learn on their own.

Never thought of that. Thank you.
I find it hard to believe every Youtube videos that are made with technical analysis. For me, this are all their opinions in the market and not accurately what will happen. They give you the basics of trading, I think that is what we should embrace and not by following every decision they will make.
As you said, "clear decision" which means, it's on us individually at the end of the day.

Yes, this is similar to creating your own strategy; yes, you are aware of other strategies, but they aren't working for you; however, they will work for others. Learning to trade is extremely difficult at first, I can guarantee it, because there are times when you will lose everything you have worked so hard for. You have the fundamental knowledge and a strategy that you believe will work, but it turns out that it will not. That is why the majority of traders believe that you can truly learn over time, with some traders learning for a year or longer. What's really important is that you should learn from your mistakes in trading.

That is true in most things in life. Sure you can't be a doctor without going to school, you can learn "some" things but most things will be left to actually doing and seeing it. However, things like becoming a lawyer, all depends on learning the law, or becoming a software developer doesn't require a college education, or being in marketing, or being a journalist, or being a small business owner. None of these require a college education at all, you can all learn it yourself if you really wanted to.

There are millions of people in the world who learned these things without going to college for it. Even if they graduated from college, it could be irrelevant to what they are doing right now.

Everything that you do tend to get involved will basically be needing knowledge and ample skills before you could able to handle it out and not just diving into something without
being prepared because you could easily fucked up yourself which is something not really appealing to look at.You would need to learn up everything
before tending to get involved and also emotion handling is one of they key factors on being successful because i do took out personally that this is really much
needed not only on trading but in all of possible investments you would be dealing with.

OP, what is really important in any decision, not only commercial, is that your thoughts are not influenced 100 % by third parties, some external factors are always welcome and that is where success lies, learning to get the best information of all that shit that does not work.

Youtubers do have its own faults too, and its up to us whether to see its faults or not. But if you want to see the real scenario in trading, you have to discover it for yourself. Do not just rely from those what you see or hear, but have your own market analysis based from your gathered ideas and proven facts. After all, youtubers are only there to share their own opinions and ideas, its up to us whether to grab or not. The outcome of your trading  will not be credited from them but how you do it yourself.

For beginners who have no investment and trading experience in the crypto market, the judgment of some analysts may be misleading.
Learn as much as you can about crypto for market analysis and trading with strategies.

I agree.

You don't really have to copy all the things that a YouTuber says, you just have to get the idea of the trading that you're looking for. Some YouTubers are just saying nonsense things like Bitcoin will pump or dump to save their trade, not to literally help you with your trade but to do the opposite.

If you based your trades on news, like what's the trend about Bitcoin, use platforms that legitimately spreading news that are accurate.

That is one of the reason why people do something like this, however another reason is that simply people want to obtain the benefits of trading the markets, but at the same time they do not want to put forward the effort necessary to learn how to trade.

So how do they try to solve this dilemma? By trying to find someone else to tell them what to do, basically they are trying to find a shortcut to success, but we know that such a thing does not exist, but obviously there are going to be a lot of people ready to take advantage of them and will tell them that in fact what they are looking for is possible, as long as they watch their channel or buy a product from them.

when you see a trader's impressions on youtube, if you are observant, i'm sure you will be able to tell which ones are actually trading or which are just looking for advertisements ^{(never trade at all)}.  it's better for you to trade on your own with your own decisions even though it's hard and certainly many obstacles but if you can go through all of that, you will become a great trader.

Do not trade the right kind of maturity and you will regret after you lose. You traded here with passion. You trade here and after you lose you decide to chat with proud passion.  Then you need to know what you need to add and you have to do a lot of analysis

Analysis and tests.

They are included in what you need to have so that you'll be able to learn and see where you need to improve and what lesson you've learned from those losses.

Don't be gullible with influencers because they're going to make a move from your emotion which you might not be able to handle.

Just look at the thumbnails of those YouTubers, their emotion is really attractive and you can see the whole topic by just seeing the picture, that emotion should be set aside at all times.

Imagine trading with a lot of emotion, how can you even take profit if you are still hoping for the price to go further, same thing with cutting your losses, thinking that the price will recover easily. Emotion will take you in a bad place, on a loss scenario so better to avoid that and focus on the strategy that you should have.

A experience trader that knows his onions would never rely on thumbnails YouTubers for trading decisions especially in term of Technical Analysis, such a trader would rather embark on personal analysis and research, however there are a lot of crypto newbies who wouldn't want to learn on how to trade, they would prefer an easy route and quicker means of earning money quickly, thus subscribe to thumbnails of YouTubers, of course the promoters of these videos will keep on earning money from youtube based on their growing numbers of viewers with any meaningful contents but full of falacy

It's because they want free money from new people who join crypto and people who just join crypto mostly fall into their bullshit trap because what they think about 100x ROI is really real. We should guide our friends when they're joining something like that, especially from bullshit ads. Lately, a lot of people promote about good return good investment and they're doing it like no responsibility to humanity at all only "money" they care about. 

It's a normal thing for those youtube video makers.

They have to make the thumbnail attractive so they're going to be clickable to their viewers. But I don't buy those thumbnails and I only watch those videos that I'm really interested at.

But most of them, I've got no interest anymore because of how crowded they are.

Common people and lazy traders are following such influencer only for the reason of those "sometimes". Smart people will only risk less than 5% of their capital with such influencers but dumb people may go overdoing like you have mentioned. I mean you cannot ignore such influencer completely and this way I believe people are already doing good if they risk smartly.

This must be one of the basics of trading but following hype sometime helps and sometime disappoints but risking only within affordable limit my help anyone all the times.

Or something saturated or been flooding out the entire market which it turns out to be already a casual thing to be ignored.Of course they would really be making their thumbnail as catchy as it can
yet they do know that they could possibly hook up someone who do easily to believe that making profit is too easy, this is really a very common newbie greedy behavior.
If you are having that kind of behavior on being impulsive then this would really be a big problem when you are doing trading but eventually you could get rid of this once you do gain experience.

That's a wrong gesture and reaction for being impulsive.

Someone's going to be having a problem when not changed because it's going to make him think and realize that he should haven't done that. While these content makers, they'll just continue to produce the contents they like.

And won't stop making the same thumbnails again and again to get more views.

That is same with the clickbait articles as well. You just create something that gets clicks, that is the key for the metrics to be found as well. If people see your thumbnail and click on you, you get suggested to more people, and when everyone starts t click on you because they see it, not just searched for it but saw it on homepage or something like that and start clicking on you, the ranking metric says "whoever sees this, clicks on it, let's suggest it to everyone!".

Same goes for google ranking, same goes for articles, basically everything gets listed higher because of click rates, bouncing also matters, if people click and leave right away without watching or reading, then it doesn't work well.

Those influencers do not really care, as long as they get their commission they are happy with the results, and since they do not care at all about the economic well being of those watching their channel and following their comments people need to stop following those channels, there are some decent ones that teach you how to trade and similar stuff, but as soon as you see a channel promoting a coin that is just being developed you should know that something fishy is going on.

Trade with emotions was the first things, you need to skip it. If you do trade with emotions, surely you will lose the money more than a expected. For example, it will look life, you may lose 500$ in a future trading.To save that 500 dollars, you will keep on inverse the money. Then the liquidity was increased to save your full loss.So it will became a loss of 1000$.So it's better to hold at certain points.

That's how the algorithm works.

And that's why if they've seen it effective, actually, it's really effective for those video makers that has contents about cryptocurrencies and for other contents.

It's like became the standard of thumbnail and clickbaiting on social medias not just on YT.

As a trader one key areas of your trading life you need work on is the aspect of emotional control, you might get all your analysis right and without having to control your emotion you might even close a wining trade or a trade that is just doing a pull back without having to wait for your stop lose get hit.

It’s important to make sure that we are doing everything. You have to identify the areas you think you’re making a mistake based on the experiences you have had and you start to correct yourself. Not trading with emotion is a good one, but you also don’t need to let yourself be deceived by people who don’t know what they are doing.

You should do your best to avoid wrong information that can mislead you, especially all these Youtubers that are always passing the wrong information. These YouTubers, their main is to do anything to get higher views, because that counts in making money for them.

There are youtube phenomenals that are fair enough and being honest to their videos while others chose to be biased and driven by emotions due to greed. If you are a wise trader, then you should be able to analyze the market patterns or trends with its technical indicators to avoid being misled by wrong information that will make you lose in the end. Apparently, early traders learn the hard way in trading and it even takes years before they can totally learn and master trading skill and strategies, and so most of them became successful. So in trading, although sometimes emotions can be hard to control, but it always gives you an advantage if you trade following the basic knowledge and skills in trading than to trade with false beliefs.

When you do have  that kind of impulsive kind of behavior when it comes into your emotion then you would really be ending up on having this kind of mistake on which you would really be missing out

lots of opportunities on making profits and this is why its important that you should really be mindful abotu your actions because if not then you would definitely be regretting later on.
Emotion handling is one of the most important factor on being successful on this venture or career because its one of the things needed.

I do watch YouTube videos to learn, but it isn’t videos like this. I think these are analysis and hyping videos that are kind of telling people coins to buy, and you know for sure that there is the possibility that some of them can be paid to mislead people into buying a coin that will flop later. So these kind of videos are not worth watching.

When I watch YouTube videos I only watch the videos that teaches how to trade or how to do things that I don’t know, I don’t have time to be watching hype videos, anyone watching them would be wasting his or her time, because you’re not gaining anything by watching them.

Most newbies end up doing that. We should make sure to start making people aware about this when introducing them to trading in these highly volatile assets. Those who are veterans know this and those who could not control their emotions have already been washed out during trading.

This should be clearly understood, youtube videos does not indicate any trend and neither does it do any analysis of trends. They are full of clickbaits and most newbies end up get tangled in them rather than get any fruitful information regarding how to trade and when to trade.

Therefore, newbies should avoid youtube as much as possible and keep observing charts before putting money in the market. Once you get a hang of the market movements, one will not need any "youtube shills" to give them picks.

As a crypto newbie myself I can say that some of these thumbnails or some of the content (see MMCrpyto) just look like scams to me, I would never think that it's a credible info source.
What might hurt me more is "fear of missing out" - when your friends talk about how much they made from a specific coin last week and you just buy it before it's not too late, without analysing anything. You buy it on its peak price and then suffer some losses.

Would that be peer pressure, then? I think it is most likely would also fall under the trading with the influence of emotions. And I believe that it is really one of the factors why most traders push harder way past their ways because they would want to cover or reach all those missed times an d opportunities. But this should not be done because it would hurt more than it could give gains if your tiding journey.

Similar emotions would really be felt out on the times that you would experience FUD or FOMO on which as a human being then it would really be normal to have that kind of reaction.

It does really differ on an individual on how they would really handle out theirselves on certain conditions which there are indeed things which are needed to be avoided.
As you do gain up experience then you would really be finding out yourself on becoming more better.

I liked what you said that “…as you do gain up experience then you would really be finding out yourself on becoming more better.” The time, going through challenges and encountering different life experiences, will surely shape an individual. And this will be the foundation of learning oneself, and learning on how to become a better version of oneself. So, traders could be better than they were yesterday through transforming such experiences into inputs in doing greater actions.

Internet is actually 99% scam and 1% genuine. Today’s era is all about the clicks and views and getting paid for the same. So what YouTubers and ad publishers started doing? They started to run the game with whatever crap they can get their hands on and make it viral.

The crypto is getting tangled up very badly in the social influencers. It’s most searched key words. To become more famous than other similar channel they will simply put up anything that people wants hear and believe in. For example few obvious trade coins.

The only good thing about these YouTubers and social media influencers tackling about cryptocurrency is it can benefit Bitcoin and alts for more adaption.
Other than that, they are just shilling and wanted people to believe that investing into that specific coin will give them good short term profit. That's what most of the greedy people wants the too good to be true short term profit.

Point is that there is a market for such content. People dont want to wait for a few years after buying a chunk of bitcoin to see 100x gains. Rather they want 10000x gains from buying some shitcoins and that too with a capital of dust amount.

With that mentality of get-rich-quick-with-zero-investment, there has been an influx of many influencers trying to market a number of altcoin "picks" and some dudes in suits selling books on how to get rich without doing anything.

End product is a youth generation who do not want to work hard and sincerely to earn money. We all agree on one part, you need to work on your skills in daily life to be work-worthy and in trading to be profitable. But that is lacking today.

The one people profiting from this are the ones producing such content, however they sugar-coat it.

Like it is said that experience is the best teacher be it good or bad, not all advice from traders on YouTube are good ones to take for trading,  some may not favourable that may lead one to a bad end. As a trader the experiences we get everyday should a lesson to learn from on how to go about trading.  Most traders on YouTube give sweet stories on YouTube to generate money from users who are viewing their videos.  It is important to only pick up the good content  from trading videos on YouTube.

Experience is definitely the better teacher. I have studied not only what other people said, or what I read, but at the same time I studied how the bots worked as well. Indicators are fine and dandy until it looks like it is not going to be making you any money.

This is why I studied the methods where all the trading bots are and how they trade and how they make money as well. None of that worked as well as experience. The more I traded, the more I profited, I started out with making constant losses (literally find coins that will drop and buy them right before they went down) to a level where even though I make mistakes nowadays, the overall is profitable.

^ That is definitely right, experience is the best teacher and this line I have always advised those new traders who seek advice.
Whether it was a loss or a win, just treasure your experience and try not to do it again your mistakes in the future, this will lead you to successful traders even though we know that the market price was unpredictable but at least, at the behavior of the market we are aware. Tutorial is sometimes good that you can gather idea but don't apply them all, just stick on your plan and you should always have a trading plan.

Indeed, learning from experience is very worthy enough for better improvement. Experiences may come from our own and also from other people's experiences. As long as we can take the lessons from the experiences, we can repair and evaluate the mistakes, and we can make such certain improvements from the experiences, it will be very worthy. On the contrary, if we cannot take any lesson from the experience and think negatively about the experience, it means nothing for somebody. Moreover, in trading, it may not be easy enough to take any lesson from experiences sometimes, moreover if the people are trading with emotion and also a super greedy expectation

Everything would really come in time as long you do make out engagement plus learning all the aspects along the way even though it wouldnt really be that easy but its not actually impossible.

Learning would really be able to get on actual experience and this is been the key and of course emotional aspects is really a big factor which would affect your overall performance or outcome.
This is why you should need to have that good self control towards emotions because this would really be a big factor and needing to be controlled.

But going here will crush peers I think it will probably fall under the influence of emotion trading if I believe that this is actually one of the reasons why most traders cross their paths and push harder paths because they cover all those missed moments.  Want to do or reach it is Sudraka but it should not be done because it will do more harm than good to you

As a human being we all have emotions. However, when it comes to trading in markets, it pays to keep away from them and adopt disciplined approach.When it comes to trading it is important to control your emotions. Dont try to chase the trades and dont make trading without proper analysis. Learn how to manage your risk. Success is  based on your actions and those actions got consequences. Its either good or bad, its up to you. Dont let your emotions ruin everything.