Careful with Social Media Tips

[paramelton]

You can't trust social media for investment tips. Social media is widely used for scammers and market manipulators because it is very easy and cheap way how to distribute false information. You should make your own strategy for trading and do your own analysis.

[seinzein]

Yes you are right. I have ever read many thread and advice how to do trading wisely or get more profit.
And most of them said buy deep sell high.
But ht it doesn't work for me.
And the best guide is our own experience,
By often tryng, we will find our own strategy.
Then i get many points from it.

[lienfaye]

Well you have a point, tips from other traders must be treated as guide and not a strategy to use when you do an actual trade.

Its better to have your own understanding to avoid common mistakes.

For me a reliable source to learn how to trade is a video tutorial from youtube, those videos are useful especially when I was just starting.

[Traslavin]

Yes you are right. I have ever read many thread and advice how to do trading wisely or get more profit.
And most of them said buy deep sell high.
But ht it doesn't work for me.
And the best guide is our own experience,
By often tryng, we will find our own strategy.
Then i get many points from it.

Yes, actually we can find a lot of news, information inside the web but we can't rely on it because not hundred percent that those information are accurately true and correctly. We can only count those thread that can be considered as precisely usable and informative when it comes to our trading knowledge.

[Fideend]

Let's be very careful in the market today, with the features of today's fast-paced media network, we are easily tempted by scammers.

Being tempted by scammers is actually something each individual will have to be very wary about and know how they can actually try as much as possible to separate something real from a scam. Asides scam, certain tips on social media are just a way for some people to want to drive the market to their favor based on their number of followers, which sometimes, they tend to dump on them anyway.

The best thing as far as I am concerned, is to always at least find ways to do things on your own, do your own research, make knowledge based decisions than relying on someone to make it for you.

[KGBx]

Agreed. All info in social media (regarding earning money) is already used as well as it is published just in order to get more money and attention (in the most cases).

[KorakPawon]

I strongly agree with your thought. of course we have to learn everything, especially about trading, since, as you said, many traders give many advices  that probably only work for some people. All we have to do is keep positive and keep learning, recognize the pace and the process, and also be careful when you step in a new step. 

[Tigorss]

Careful is one thing that we have to have in our mind. Don't stop learning and comparing what and how trading works. Many traders are usually share their ideas but it's probably easy or compatible for themselves. We need to filter and recognize ours.

[Fredomago]

Yes, with their tips you need to be careful, as with news from the media, they can skillfully manipulated by large investors and create a good point of purchase

You need to be very careful about all the information that you receive in social media, especially the information that it has to do with money or investments, there are many people spreading all kind of information that is not true and if you follow that advice without verifying it then it's likely that you are going to lose a lot of money, I know this should not happen because people should not follow the advice of someone that they do not even know but believe me it happens.

I can't imagine how people blindly follows those tips who came from anyone from the social media site, people who's doing this are somehow
don't have the patience to learned, they just take the risk and act like gambling with their luck, if the tips goes accordingly then they will have
decent earnings if not they will just accept the fact that they've loses their money, we can do better than that if we will take time to do a proper
research and practice, we don't need to listen to anybody else but with our own understanding and assessment.

[bozo333]

Recently most of the social medias are create bad rumours in crypto so many peoples are leave the social media because all the informations are 50% only true and other news they create a own idea. So careful to check the social media tips.

[cluit]

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

They have some good advice that you just have to digest and have a research on yourself. Not all should be dealt with completely and blindly. Remember that human psychology as a nature will always rely on others to prevent the blame on themselves.

Actually, not all should be dealt with without you being able to at least make some certain decisions on your own based on your knowledge. There are certain times that you need to be able to accept something based on your own strategy and with that be able to know if at the end of it all, everything goes according to plan, or else you just simply ditch it.

Following tips like one's trade depends on it, is a very bad thing to do and I am sure a lot of people who have done this at some point, which includes me, will definitely have been able to have a story to tell.

[Obama07]

Of course. I am totally agree with this topic. From my long days trading experience I can tell you that every successful trader have their own strategy which they acquired from their own experience. Some basic about a trade can be equal but trade place and get profit is totally different. They have a special mind set for when a trade needs to open and when it needs to close and take profit. So if we follow social media tips without thinking if it will be good for us or not than sure we can’t catch success. Their tips are so interesting that you may think trading so easy as number count 1, 2, 3. But after make a lose you can find trading is not so easy as they provide.     

[Coin-1]

Yes, with their tips you need to be careful, as with news from the media, they can skillfully manipulated by large investors and create a good point of purchase

You need to be very careful about all the information that you receive in social media, especially the information that it has to do with money or investments, there are many people spreading all kind of information that is not true and if you follow that advice without verifying it then it's likely that you are going to lose a lot of money, I know this should not happen because people should not follow the advice of someone that they do not even know but believe me it happens.

Social media are the primary sources that cover news about the crypto currency world. Some of these sources are trustworthy, others deliberately spread FUD and fake information. Hence investors and traders should check these news before making their financial decision.

I personally trust some sites that provide only the facts directly from the teams and do not try to persuade somebody to buy or sell a crypto currency.

[Muspion]

if they provide information that builds on the development of the crypto currency I think that is pretty good, because now many are trying to provide false information through telegram groups with crypto signal groups that are not necessarily their predictions are correct

[sotoshihero]

You can't trust social media for investment tips. Social media is widely used for scammers and market manipulators because it is very easy and cheap way how to distribute false information. You should make your own strategy for trading and do your own analysis.

There are proliferation also  trading tips and trading signals on telegram. Always verify thier signals before you buy. Some are selling thier tokens already and if you buy, you might become a bagholder. OR, sometimes you are too late that you are buying thier cut loss sales. Be very vigilant always.

[nicolas1979]

Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time.
You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions.
https://www.cryptocointrade.com

It just advice, as long good for you and give better result do that. We all need to try but sometimes bad result we get everything have risk and we should prepare about it. Learning with out trying is non sense but always trying with out learning is nightmare. Combine both method and do that depend our ability to accept risk. Not easy but worth to try. Keep going and always positive thinking is better.

[samcrypto]

You don't need to be carefuly, you need to stay away yourself from that kind of advice because in the end you will lose money. Trading should be done only by yourself, trust no one as big people says. You really have to create your own strategies, own techniques in trading so you will be able to manage it on your own time.

[Innerpumper]

where the advice to learn about trading? could you mention the website anywhere? Maybe it is useful

[Farma]

sometimes the tips they give away for free are good tips, because I also get some ideas from social media. it's just that sometimes they make these tips their own advantage. Well, things like that must be watched.

[leonix007]

sometimes the tips they give away for free are good tips, because I also get some ideas from social media. it's just that sometimes they make these tips their own advantage. Well, things like that must be watched.

Or often times they do it for free in order to advertise their paid services

I saw a lot groups like those

Some are bragging on their calls hit just to convince the newbs

I rather filter and take those learning materials with them if its free as possible

than biting their paid calls