Do you follow trading advice from crypto influencers?

[peter.from.penn]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

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[ecnalubma]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

Its good to hear analysis from other people sometimes but self analysis and research is still best way to survive in this kind of ecosystem. We know in crypto world a lot of self proclaim experts emerge strong some are reputable but a lot are fakes and just creating hypes over crypto that they are into. So its better to have self analysis than following someones tactics.

[nightmanisrightman]

My opinion on them is that it seems like a lot of them are misinformed or lack the knowledge of cryptos themselves. Imo they are awful for the market as they will cause many others to get whacked (maybe that is good for the winners), god no not in a million years, I would follow Jimmy Song and other reputable youtubers. There are a few people who are worth following but the list doesn't extend past two hands.

[13abyknight]

I'd rather believe and follow my own instincts rather than putting all my faith on a random 'McAfee's' prediction which just creates buzz for a few up and coming projects. Its hard to believe most investors blindly follow their advice without doing any further research about the coin/token in question. I'm just waiting for one of those 'went wrong' calls which everyone will follow like lambs to the slaughter and when they lose thier monies, only then will they realize to trust their own gut before believing in others' advice.

[adaseb]

It's easy making money in a bull market. And all of a sudden we got many self claimed millionaires posting all over YouTube.

These people will be gone when the markets start to trade sideways or bearish.

[Taki]

I do not follow any advices, especially on those forums that you may find on almost every exchanger. I decide that my perfect strategy is to set a "dream price" and just hold till that. All those advices are simple speculation and I just do not have so much time a day to follow that.

[Kizaki]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

It is always good to hear advice from other people and analyze their own market analysis before making a decision on which to invest or to trade. However, keep in mind that each trader has their own technique and ways on trading and investing. Making your own judgement, intellectual analysis and research, and experience will get you a good profit. I am not saying that other's people references are not reliable, however, sometimes people who are influential on crypto trading are just using their name to pump or make profit of their own analysis and coin announcement.

[vv181]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

Its good to hear analysis from other people sometimes but self analysis and research is still best way to survive in this kind of ecosystem. We know in crypto world a lot of self proclaim experts emerge strong some are reputable but a lot are fakes and just creating hypes over crypto that they are into. So its better to have self analysis than following someones tactics.

Agree, and other opinions could be biased. No matter how reputable and experience a person is, when it comes to the investment we better to use our own knowledge. But I'm sure most of the expert analysis is worth to consider as a comparison since it could give us a valuable insight. I mean is, just take the piece of advice that expert gives to make us to deeply more research and analysis the cryptocurrency.

[Potatohead]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

Yes, I sometimes follow some advises from friends of mine who are pro in trading. I believe that those trusted people could help me grow and gain knowledge through trading. However, I still do some analysis most of the time. It is still better to make sure decisions before anything else. Assurance and our own decisions always matters in such situations. Better to use what we have learned from our experience after all.

[butcherme]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

Following and listening other people's advice is not wrong. But, you should have your own basis and standards and you should also make your own decisions when it comes to trading and investment. Remember that it's your money, and the profit or losses that you would incur with this decision is your to bear, so you should make your own decision. Experience will teach you a lot, and further research and studying about the market will enhance your skills on trading.

[Nylelyn]

Well its okay to listen to their observation of of experts of what is the next thing that's gonna happen. Some of these people have really good point but some also are just playing around. That is why it is better to search and read a lot about coins to be familiar with different scenarios of crypto market. Sometimes you go with the flow, sometimes you do not. However, at the end of the day it is still you who will decide, learn to observe by yourself and analyze the market flow and try to read the graph.  It is your money after all, so that no one to be blame for the outcome.

[SportsbookBettor]

I follow their advice in the past where i don't have knowledge about trading or where to invest my money. Now, i only follow them once in a while because i do investing or trading now on my own. I just follow my instinct and my own studies on my target altcoins.

[dothebeats]

I usually get some insights in trading on tradingview though I still make my own analyses and draw my own conclusions and I'm just merely getting up an idea on experts in the field. Though it isn't bad to get trading tips on other experts, still it's better to make your own conclusions and not rely heavily on other people's move so that you can trade depending purely on your knowledge without having the need to hesitate on your own conclusions. Right now I'm still getting information from other people and reading up some possible move on the market then I make my own analyses and trade depending on what I deem would be the most profitable move I can take.

[Lovecove]

in stocks, it's fine to follow the advice of a licensed professional. But, crypto isn't stocks and there are no certificates or degrees in crypto investing .

that said, there are some reliable ones that the crypto community has come to trust.

PBC is one such group, their recommendations always pan out in the end. There are some good TA analysts like cryptorand.

So I would just do research and see what someone's past calls are. See what the general community thinks about them.

[peter.from.penn]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

Its good to hear analysis from other people sometimes but self analysis and research is still best way to survive in this kind of ecosystem. We know in crypto world a lot of self proclaim experts emerge strong some are reputable but a lot are fakes and just creating hypes over crypto that they are into. So its better to have self analysis than following someones tactics.

Agree, and other opinions could be biased. No matter how reputable and experience a person is, when it comes to the investment we better to use our own knowledge. But I'm sure most of the expert analysis is worth to consider as a comparison since it could give us a valuable insight. I mean is, just take the piece of advice that expert gives to make us to deeply more research and analysis the cryptocurrency.

I agree that advice from knowledgeable influencers can provide a starting point for deeper research.  And when it comes to research, I think that people need to understand blockchain technology.  There are many projects with use cases that are not realistic, and we need to be able to recognize them. 

[herurist]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

I leave advice from others almost a year a go, bad experience for me. My skill not increase and sometimes got loss make me think that I should learn and believe my own skill. Not blame or will other person to follow advice from another but not me. Basic knowledge from trading and investment never change but how people face the result is the main problems. Even I'm not expert but face real market and enjoy the journey make me comfortable.

[eagleman]

What's your opinion on Crypto influencers?  

I don't have anything against them, they are giving their opinions and everyone is entitled of doing it. They are mostly helpful for newbies who are starting and desiring to hop the crypto market.

Are they good for this market and the cryptocurrency movement?  

Yes! It's on their tagline, influencers.

Do you take advice from them?  

I am taking advises that I know will help me to grow and will be beneficial to my trading career.

And who's good to follow?

Actually there are too many of it, just check them on twitter.

[Unicorn_Heart]

I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?

There's no harm listening to the experts. However know your own  style and your portfolio and adjust accordingly. Simply following Carter and other experts do not develop your own trading skills. I still believe that experience, time, passion, resources and right emotions are the best teachers.

[piloder]

I don't follow every random crypto influencers or so called expert.  I try to make money out of FOMO whenever there is some announcement from developer team. Most of the other so called expert only try to create FOMO over the coin they are also holding or have just bought just like how McAfee created bull run in several coins few months back.

[wayaneka]

Yes i will follow them, but before it just make sure they do right review. Influencer can make market in more demand, because many their fans will believe  and interesting. Influencer can make cryptocurrency make more popular and willl be more people interest in it.