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Russlenat
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April 21, 2019, 11:53:04 PM |
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The stock market prices largely driven by sentiments, and so it applies to crypto markets.
Any other idea or factors that follows the same scenarios like the stock market?
They both traded in an exchange platforms, so I don't think sentiments will be out of the picture.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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teejayrichard2
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April 25, 2019, 08:55:19 PM |
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What you just put down here is the bitter truth, so many of us investors are just restless trying to predict the price of bitcoin everynow and then as we are so eager to get the profit we so much expect for the money we have invested. But then, we forget right from time, bitcoin price is unpredictable. Its something one should invest in and keep his or her mind relaxed and wait for the market to move in whatever direction it wants to move. Attaching sentiments to bitcoin will only cause us disappointment when price doesnt move the way we expect it to go.
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thankyoulord
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April 25, 2019, 10:42:06 PM |
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In my experience, i think so many bitcoin investors are guilty of this, always watching out for bitcoin price and trying to predict in what direction the price will go every now and then. Some even go as far as studying charts trying to make analysis but then we all know bitcoin price is unpredictable. No one can tell which direction it will take at any given time. So its best you just invest and relax your mind and let events unfold on its own.
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princeyeboah
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April 26, 2019, 01:02:17 AM |
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It is a free market and anything can happen at any point in time because the market is largely influenced by the activities of traders and investors on the market. For this reason, one must invest with an amount that he can afford to lose. Patience is also required in order to hold calmly during bear market times till the price bulls.
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jake zyrus
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April 26, 2019, 04:03:04 AM |
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Experts give prediction and some people always consider what other think and says and get carried away by what most people think around them. It's like a nature for us to consider what other says but we still need to study and research on our own and not only based our actions on what other says. And don't give your full trust even on the experts because just like us, we're all just speculating what will happen in the crypto market.
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jems
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April 26, 2019, 08:14:55 PM |
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Just as we determine our future. What we are doing now will be very influential in the future, and so will crypto. When you trust others without the results of your own research, it is tantamount to hanging your hands on someone else.
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christotle
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April 26, 2019, 09:07:46 PM |
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Stay with whatever that works well for you.
Leveraging sentiment data for investment signals is not a new practice, especially among professional traders, but little evidence is currently available as to its efficacy within the crypto market.
One investor recently set out to prove that a sentiment-driven approach can be profitable when trading Bitcoin (BTC). In a recent post on Hacker Noon, Marc Howard showed that using daily exchange price data and Google Trends keyword sentiment yielded a 29% over 90 days for a $28,839 profit.
With his approach, Howard researched the Google trend data for “BTC USD” and “Buy Bitcoin” over a 90-day period and found a notable pattern.
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Yamifoud
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April 26, 2019, 10:53:21 PM |
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Just as we determine our future. What we are doing now will be very influential in the future, and so will crypto. When you trust others without the results of your own research, it is tantamount to hanging your hands on someone else.
Our full support is a big help for crypto to stay longer and build a strong market platform. Yes, it can be influential to future and it could only be happening if we all are with crypto. Though we know that the market is already strong but it is not just enough to sustain for a long time without the help of the community. |
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Vaculin
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April 26, 2019, 11:19:07 PM |
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Just as we determine our future. What we are doing now will be very influential in the future, and so will crypto. When you trust others without the results of your own research, it is tantamount to hanging your hands on someone else.
Our full support is a big help for crypto to stay longer and build a strong market platform. Yes, it can be influential to future and it could only be happening if we all are with crypto. Though we know that the market is already strong but it is not just enough to sustain for a long time without the help of the community. Yes. The crypto community could be very helpful to us investors but we should also do our part to make a wide research on the coins we want to invest and not just simply relying on others all the time. Of course we will not grow in this community and will not be profitable just like other investors if we cannot stand on our own feet. |
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TheKeyLongThumbI
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April 27, 2019, 01:28:59 AM |
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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.
In my opinion, the only left who can manipulate the price of bitcoin are the banks and the biased paid media that drops a lot of FUD to bring down the price. But in the growth of btc, it comes natural because whenever there is good news, it does not come with a pump. So people are only following negative sentiments because when btc reach $5k, they still don't believe that the bear period is over. |
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Romanianz
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April 27, 2019, 03:30:39 AM |
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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.
In my opinion, the only left who can manipulate the price of bitcoin are the banks and the biased paid media that drops a lot of FUD to bring down the price. But in the growth of btc, it comes natural because whenever there is good news, it does not come with a pump. So people are only following negative sentiments because when btc reach $5k, they still don't believe that the bear period is over. indeed, with the circulation of FUD on several large internet media, it can have an impact on cryptocurrency price movements on the exchange, but you must know that it is very difficult to make the price of bitcoin again expensive because many traders are not easily affected. |
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rachellee
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April 27, 2019, 05:08:19 AM |
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True enough that we shouldn't buy and sell based on what the self-proclaimed crypto experts say. The truth of the matter is, there is no such thing as expert in crypto. Crypto thing is highly unpredictable, and all these people do is manipulate others to feed their self-vested interests. It's not bad to listen to their opinions, positions and estimations, but at the end of the day, we should be the one to decide what to do, whether to buy or to sell off and what to buy and to sell, so that we'll have little or no regrets. It's much regretful to fail because you listen to others than to fail because you trust your own judgement.
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candra raditya
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April 27, 2019, 03:40:21 PM |
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The Crypto market is indeed full of manipulation, and research is very important to make a strategy in seeking profit opportunities.
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TalkStar
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April 27, 2019, 03:52:07 PM |
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Bitcoin market manipulation isn't a new thing to its users. Community is the most important element for a crypto currency where bitcoin has got a large number of users worldwide. In my view market manipulators will not be able to make big impact if bitcoin community stay together. Community matters a lot for bitcoin future development.
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kawetsriyanto
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April 27, 2019, 04:48:19 PM |
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I personally think that it is not only about Bitcoin but the whole cryptocurrencies. Following the crypto with sentiments will give negative impacts for us, especially only expecting the profits only and will see the BTC and other cryptos from one side. That is why before investing or involved in Bitcoin and other cryptocurrencies, we must analyze it first without sentimental, with carefulness and consideration.
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Eildosa
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April 27, 2019, 10:28:01 PM |
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I agree that smart people will do research anyway before investing in crypto. Especially now, when there are a lot of different crypto experts who are trying to make their predictions. You should always rely on yourself.
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BlackFor3st
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April 27, 2019, 10:57:05 PM |
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We have different techniques and strategies on how to manage our investment though you have some good points also as not all good sentiments will help you.
You cannot just rely to the mere sentiments that were made to those people either they are professional or not. We cannot deny also that there are manipulation in bitcoin price so it is very important that we really know what we are doing by digging some good information and also to stop relying to others.
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soulripper
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April 28, 2019, 10:47:02 AM |
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We have different techniques and strategies on how to manage our investment though you have some good points also as not all good sentiments will help you.
You cannot just rely to the mere sentiments that were made to those people either they are professional or not. We cannot deny also that there are manipulation in bitcoin price so it is very important that we really know what we are doing by digging some good information and also to stop relying to others.
Most of newbie just rely on what experts say and that why they cannot survive in the market when they make an investment. Bitcoin is not something that you make sentiments on it. Make a research and invest smart then you can survived in this current market. |
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Yaunfitda
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April 28, 2019, 11:09:38 AM |
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We have different techniques and strategies on how to manage our investment though you have some good points also as not all good sentiments will help you.
You cannot just rely to the mere sentiments that were made to those people either they are professional or not. We cannot deny also that there are manipulation in bitcoin price so it is very important that we really know what we are doing by digging some good information and also to stop relying to others.
Most of newbie just rely on what experts say and that why they cannot survive in the market when they make an investment. Bitcoin is not something that you make sentiments on it. Make a research and invest smart then you can survived in this current market. There are no so called experts here. All of them are just making wild educated guesses like you on me. But a good advise to newbie is to really do your own research (DYOR). You can't just rely on someone else opinion and just make a decision on that. When I was just a beginner, I just read all the news I can find in crypto related websites, but I soon realized that they are just garbage and almost articles are released without any validation from the source. |
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Anonylz
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April 28, 2019, 11:11:25 AM |
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there where a lot of predictions by the so-called experts about btc that never came through or are yet to come through, i am not the type that buy or sell just base on what a TA said because sometimes expert could be wrong too, TA are nothing but mere speculations or predictions that could be true or false, no certainty, but i see majority of people mostly rely on TA to know the next coin to invest on, no matter how hard someone try to analyze the market, i think market react only to the demand and supply. and this is not only done by newbie  |
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