STOP FOLLOWING BITCOIN WITH SENTIMENTS!

[FlamingFingers]

It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.

This method applies for any investment asset and not just to bitcoin. Own research and listening to your own thought is very very important when it comes to any type of investment.

However,  I don't agree to that part of the statement where you have said "the price of bitcoin is largely depended on few individuals who have the power to manipulate the market." Definitely there are whales in the market who owns large amounts of bitcoins using which they can create fake demand or supply to manipulate the price. But are they really doing so??

I remember reading a chainanalysis blog post few months back where they have analyzed the bitcoin usage trend of the most wealthiest whales and proved that they are accumulating bitcoins in small quantities and not really manipulating the market. Read it from the below link,

https://blog.chainalysis.com/reports/bitcoin-whales-oct

I hope this research paper will clear some of your misconceptions about whales!

There is no market that doesn't have manipulation, whether it's apparent (as 'experts' claim cryptocurrencies' is) or sneakily running in the background. However, I do agree with this. How many 'Big Flash Bad News' pieces and articles from cryptocurrencies media that state some whale has moved a big amount of coins to an exchange which warrants fear of a dump? Then it turns out that the exchange itself is just changing wallets/addresses (happened with Binance not so long ago).   

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[killat]

Nobody has sentiments for Bitcoin, I can ensure you.

Everyone has a target/threshold that when Btc will reach it, the sell will come. And that's because everyone is here for money, not for sentiments:)

[Kakmakr]

I do not think it is sentiment, but rather optimism and hope that the price will recover to the ATH where it was before. The previous ATH has placed a benchmark for people to achieve that price again and with the price being more than 80% lower, people might be over optimistic about the recover potential of this investment.

Take every small increase in the price as a big bonus and not as something that must happen in the future and you will be fine. 

[Ayiranorea]

I do not think it is sentiment, but rather optimism and hope that the price will recover to the ATH where it was before. The previous ATH has placed a benchmark for people to achieve that price again and with the price being more than 80% lower, people might be over optimistic about the recover potential of this investment.

Take every small increase in the price as a big bonus and not as something that must happen in the future and you will be fine. 

Yes, the previous price increase taking it close to $20000 has got turned to be the benchmark and people live on the same sentiment without understanding the true market. Even now there is regular growth after small swings between time which can be considered good for a long term gradual growth.

[taguig]

It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.

I don't trust these experts 100% percent logic tell us to be realistic, if you follow these so-called experts like John Mcafee you will end up losing imagine that he predicted that Bitcoin will worth $1 million at the end of this year, now is this realistic, if you believe that you will end up selling everything you have.

[shesheboy]

Nobody has sentiments for Bitcoin, I can ensure you. Everyone has a target/threshold that when Btc will reach it, the sell will come. And that's because everyone is here for money, not for sentiments:)

yes i agree everyone comes here for money but not only money but for the good purpose of bitcoin as well . however there are people who are making thier own sentiments about bitcoin and others will also believe on what they were saying which was not good at all times because most sentiments are unreal  .

I don't trust these experts 100% percent logic tell us to be realistic, if you follow these so-called experts like John Mcafee you will end up losing imagine that he predicted that Bitcoin will worth $1 million at the end of this year, now is this realistic, if you believe that you will end up selling everything you have.

1m usd ? wow thats freaking huge and seems unbelivable already  , for sure no one will believe him not even newbies  . he even said that he will eat his own d*ck but that also impossible  . john m is a big joke .

[loopes]

It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.

Cryptocurrency has no physical intrinsic value so sentiments is the main bitcoin price driver. Bitcoin price will rise if people expect that bitcoin has good future and increasing demand. Although whales also has power to manipulate it but those whales also see the sentiments, we only interested in safe investment, honestly I will not invest in something which is uncertain. If there is good sentiments for bitcoin then I will buy but if not then I will sell, I think it is logic decision.

[stfN2128]

Its always the same in every asset on every market. I guess the most of you know this kind of picture:



Its the truth, every market works in cycles... sometimes the cycles are longer, sometimes the cycles are shorter.

[Kemarit]

Most people misjudge bitcoin. They only see a moment's profit, without learning more risk in it. When playing investment in the wrong way, it will hurt yourself and make the value of bitcoin worse in the eyes of many people.

And that is one fatal mistaken on their end, specially if they think that the price of Bitcoin could go on parabolic rise. How many noobs investors who got burned when they FOMO and irrationally buying bitcoin at the top price in 2017?

I don't trust these experts 100% percent logic tell us to be realistic, if you follow these so-called experts like John Mcafee you will end up losing imagine that he predicted that Bitcoin will worth $1 million at the end of this year, now is this realistic, if you believe that you will end up selling everything you have.

It's because there are no so called experts here. They are just like you and me in this market, a speculator and just go and make predictions based on news and the market sentiments. John McAfee is more of a influencer, and other who is perma-bull is obviously either have companies who worked with clientele of investors or just have a huge investments on bitcoin that's why they keep preaching the same thing over and over again.

[BitcoinPanther]

It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.

I agree, these analyst just guess what will happen next.  Their statement is too universal that it will bound to happen on the long run but when is unsure.  They provide us with charts, take some part and analyze it according to their understanding and yet, it may go either way.  It has been proven, and most of us witnessed that many so called famous analyst failed to predict the next event in that certain period of time.  We can use their prediction as reference and decide things ourselves.  Besides, there is always more than one point of view regarding the market and it is best if we consider these things.

[Ezenwanyi1]

It's wisdom to invest into bitcoin especially now that the price is very low but it's common sense to hold pending when market recovers instead of following the trend and selling at a miserable price.
Know when to enter ,when to hold and when to sell...this is what makes all the difference in Cryptocurrency.

[Slow death]

It has become increasingly unpredictable to know what would happen on the crypto market at any point in time.

truth

It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market.

this is your opinion, if these guys have so much power to manipulate the market, then why do not they raise the price more than $ 20,000?

Most analysis that are made on bitcoin are just made with mere sentiments and nothing else.

truth, but even technical analysis has been a major failure

It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.

I agree

My plan is still to hodl a few bitcoins the next ten years or longer

Hold for ten years? This is many years, are not you making an exaggerated plan?

[mohammedmattar]

This goes for any asset, manipulation via marketing and game theory is present in any market. People should always research the fundamentals and try to understand the thing they are investing in.

True words but
In the case of low liquidity in the market, whale impact is greater, as is the case now
But in the end the investor must learn to be able to protect his money.

[jossiel]

True, manipulation is happening in every market. And to those that have been leaning with crypto analysts and experts, I find it helpful and not sometimes. When I was new to the market, I used to believe those predictions made by the big names.

Some of them became popular because of the close call that they made. But most of them that predicted the market lately were too inaccurate to tell where the market is going. With regards to your funds, trust no one and play it on your own.

Truth. Finding someone trustable this days is not easy at all.

Especially when it involves money i imagine. Because scams happens everywhere, not only in the Crypto World. Everyone is and should be responsible for their funds, it's as simple as that. At least for now, that is practically the only way to go.

That or exchanges/online wallets that tend to get hacked pretty often. When if banks jump in, it will be interesting to see what the people do.

It isn't about the scams or the exchange that you use but it's about the person that you follow when it regards to the market trends. There are 'analysts' who have been making predictions that everyone follows before.

A piece of advice. Do not relay on other's opinion or point of view. You can do your own reseach of experinent to know the answer of your questions. Because no one can predict or guess what will happened next here in bitcoin industry espicially in predicting or guessing the bitcoin's price. And I think no one is expert i  bitcoin industry.

Exact as what I'm saying, don't rely with others opinion. It's good if you will take those important notes but don't fully rely on them that includes your decision making with whatever the status of the market.

[Moiyah]

I am much aware that before entering in cryptocurency, bitcoin is really unpredictable, volatile and unstable. And before I decided to invest in bitcoin, I already know about whales manipulation of the market. I know the risk. But despite of that, I invested bitcoin because I know the disadvantages and advantages of it.

[Ojengonggu]

we know all this, what happens on the market and we are actually looking for the truth and accuracy of predictions and this we can get with the theory that we have learned not by following those who are predominantly whale predictions that are misleading, we must be wise and can compare other people's opinions about
bitcoin is mainly a matter of predicting bitcoin in the future so we don't fall into sentimentation bitcoin too far

[davis196]

I  don't think that the crypto whales will control and manipulate the crypto market forever.With mass crypto adoption,their ability to manipulate prices will become only weaker.Anyway,I don't have sentiments towards bitcoin and I don't  trust crypto gurus.

[1Referee]

They are rich which means they can buy more coins therfor following what they say is a good idea because if they say that the price will going to pump , they also do something to make it happen  . while other regular individuals that loves to speculate and make predictions are likely going to fail because they cannot back their claims   .  bitcoin is about sentiments so why stop follwing sentiments when sentiments is the main reason about the price change ?

Being rich is meaningless unless you're a market mover on one or more Bitcoin exchanges.

Mike Novogratz is the perfect example of how being rich doesn't yield you anything when you have no clue about how irrational this space really is. He is a perma bull who got rekt hard, personally and professionally. Imagine how many institutions invested just because this fly-by guru told them that this market would explode in 2018.

Tom Lee is also a multi millionaire, yet his predictions were all shit. I'm not sure if he actually invests in Bitcoin, but if he did, he is rekt too.

One thing these so called experts and gurus have in common is that they only speculate and not build to make this space a better and more useful place. Parasites they are. Fuck them. Enjoy your expensive bags.

[Annalise24]

I believe following market sentiments without reasoning or asking questions is the recipe for getting rekt in cryptocurrency market.
In as much as I believe that there are good analyst who are well versed in cryptocurrency price prediction.
One should also be cautious in following .
This is because of the volatile nature of cryptocurrency that seems to make a mess of  prediction.

[Beerwizzard]

They are rich which means they can buy more coins therfor following what they say is a good idea because if they say that the price will going to pump , they also do something to make it happen  . while other regular individuals that loves to speculate and make predictions are likely going to fail because they cannot back their claims   .  bitcoin is about sentiments so why stop follwing sentiments when sentiments is the main reason about the price change ?

Being rich is meaningless unless you're a market mover on one or more Bitcoin exchanges.

Mike Novogratz is the perfect example of how being rich doesn't yield you anything when you have no clue about how irrational this space really is. He is a perma bull who got rekt hard, personally and professionally. Imagine how many institutions invested just because this fly-by guru told them that this market would explode in 2018.

Tom Lee is also a multi millionaire, yet his predictions were all shit. I'm not sure if he actually invests in Bitcoin, but if he did, he is rekt too.

One thing these so called experts and gurus have in common is that they only speculate and not build to make this space a better and more useful place. Parasites they are. Fuck them. Enjoy your expensive bags.

In most cases  those experts are not that rich and they are just analyzing the markets. This is how it works in traditional markets: on some business TV channel you see an analyst that is talking different shit about the stock market, backing his words with tech analysis and sentiment analysis. You don't have to be a billionaire or a genius to do those things and generaly would be right. But market is unpredictable and you can never be sure that you are right. Actually, every decent investor would tell you to listen to such overviews but always do your own research.
The same thing is happening in crypto but crypto market is less mature and unpredictable investor behaviour can easily screw all your analysis.