Is it advisable to base upon the updates of popular people?

[Chacon994]

In trading, we need an information and updates on market specially, if we are care about the coins we hold. My question is, will you rely to the news who came from a popular people/analysts? Is it advisable to depend upon the information of the analysts in cryptocurrency and make it as a basis in trading?

I think we should not trust entirely on celebrity updates. Not everyone is right. I will never invest by the words of celebrities in the crypto market

[1714981385]

1714981385

[1714981385]

1714981385

[hasmukh_rawal]

There is a popular saying in Hindi which means ' Listen to everybody but do what your mind says you to do ' . This would fit here nicely.
You can read their news but then you should know why those people are so confident about it. You should try and research yourself whether what they are saying has any proof or logic behind it. If then you believe what they are saying id true then you can rely on their statements.
Don't just blindly accept what they are saying.

[victoryana]

I think we should update according to the information the celebrities posted because at least they are the ones who are ahead. They have more experience and knowledge than us, we follow them will have many things. we need to ask

[Traslavin]

I think we should update according to the information the celebrities posted because at least they are the ones who are ahead. They have more experience and knowledge than us, we follow them will have many things. we need to ask

Actually we must only rely to the information that was came from legit source of information and shouldn't based upon the advises of people with no presented legitimate sources. But we can get some advises, experiences and information from the pioneers of trader's and mostly they can be found here in bitcointalk.

[lumeire]

If you put your money on the mouth of other people, it's just the same as letting them scam you don't you think?

I'd say you do your own research and make your own decisions.

[krauzzer02]

In trading, we need an information and updates on market specially, if we are care about the coins we hold. My question is, will you rely to the news who came from a popular people/analysts? Is it advisable to depend upon the information of the analysts in cryptocurrency and make it as a basis in trading?

Consider it but do not depend fully on their provided information and advice in regards to cryptocurrency, make it as a part of your research to come up to the best decision of trading, treat it as a piece of data it would be right or wrong analysis and speculation thread it together with all of your research and your own analysis to create your own reliable information to base in trading, it always falls in your own decision and understanding, popular people's opinion are there to help or to create FUD so be careful.