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Author Topic: Word of Caution For All  (Read 696 times)
andika2018
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July 10, 2019, 01:05:35 AM
 #41

Just a word of caution, careful if you're easily manipulated by outside individuals. These are volatile times in crypto, fomo and every other human emotion will cause you to potentially lose a lot of your savings and investments, if you do not act carefully.

No market climbs forever, neither does anyone know or understand where crypto markets are headed. I urge everyone to do careful diligence, research, reading and monitoring on their own and never invest/trade more than you can afford.


There's a lot of useless predictions (especially on social media & outlets), shilling and fomo invoking individuals in crypto; everyone has their own selfish interests and in the end, no one will be responsible for your actions but yourself.

Crypto is only run by 1 principal, sentiment. To a lesser extent this is mitigated by real-adoption and integration, unlike 2017 or 2013.

Positive sentiment will affect the price of bitcoin or other altcoins as well as negative sentiment. Investor sentiment influences people to buy or sell their tokens and certainly will have an effect on prices. I think, we must have a positive psychological investment
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July 10, 2019, 01:24:02 AM
 #42

All the things we do for our savings are our own responsibility so everything that is done of course must go through very good analysis, as you said today there are so many phenomena that occur so that if we take inappropriate actions then the losses will happen to us early warning is very important to strengthen the mentality when we invest in coins and follow what you believe so that if you experience a loss then don't feel disappointed.


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July 10, 2019, 02:09:23 AM
 #43

All the things we do for our savings are our own responsibility so everything that is done of course must go through very good analysis, as you said today there are so many phenomena that occur so that if we take inappropriate actions then the losses will happen to us early warning is very important to strengthen the mentality when we invest in coins and follow what you believe so that if you experience a loss then don't feel disappointed.

The thing is, if you rely heavily on social media information, it would hard for most people not to give in to fomo or fuds. Let's face it, many traders don't really do studies and researches. They rely on who they think knows what they're doing. Crypto pages, telegram groups whether they're free or paid, people claiming to have become millionnaires etc. You'll find a lot of these online and it'll be easy to base your decisions on their tips because of their "accomplishments" And accurate mapping. And a lot of people lost money because of blindly following these people.


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July 10, 2019, 02:42:56 AM
 #44

the important thing if you want to survive with the world of cryptocurrency is an understanding of where the market will go, not following the opinions of others to make decisions.
because if we don't do it alone and with our own abilities, then everything will be in vain, and not the profits we get, but the losses.
this is important because crypto has a very volatile price and the price is far from stable when compared to stocks or forex.

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Bunsomjelican
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July 10, 2019, 03:40:09 AM
 #45

Just a word of caution, careful if you're easily manipulated by outside individuals. These are volatile times in crypto, fomo and every other human emotion will cause you to potentially lose a lot of your savings and investments, if you do not act carefully.

No market climbs forever, neither does anyone know or understand where crypto markets are headed. I urge everyone to do careful diligence, research, reading and monitoring on their own and never invest/trade more than you can afford.


There's a lot of useless predictions (especially on social media & outlets), shilling and fomo invoking individuals in crypto; everyone has their own selfish interests and in the end, no one will be responsible for your actions but yourself.

Crypto is only run by 1 principal, sentiment. To a lesser extent this is mitigated by real-adoption and integration, unlike 2017 or 2013.

Almost all prediction are not true and correct, it is only an speculation by the individuals by what they think that it could be happen about the price in the market. And it will remain difficult due to it is because of volatility of the coins. Sometimes others are taking advantage through giving information the will give hype to anyone that they will announce it on different social medias such as Facebook, Twitter, Reddit, Telegram, and Discord.
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July 10, 2019, 04:39:03 AM
 #46

We are the determinant of our own success, in investing, or in crypto currency trading, so it is better for us to always use our own analysis, but we also have to be open to accepting other people's opinions and the rest we determine.
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July 10, 2019, 06:17:22 AM
 #47

Thanks for this reminder, you're right, this is the crypto world. Where nothing is permanen and stable at all. Crypto will be always fluctuating and volatile (only a few is more stable). There will be always negative issues surrounding, volatile price, dump price to bear market, rising price into bullrun and then dropped again, full of fomo and hype, fud, and many more. This is normal. And what you need to do is ignoring what makes you feel bad. Just follow and manage your own strategy in this crypto world in order to survive and progress

Nothing is permanent in any part of the world and life:) But that is fine,,, change should be welcomed by all and if crypto was not the volatile animal that it is, why would anyone want to come and speculate anyway correct?

Even stablecoins are strangely volatile losing 1% sometimes in a day.

Negative comes with positive too,,, we should see all this as normal. IF everything is good, is that not abnormal?

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July 10, 2019, 08:06:44 AM
 #48

Absolutely true cryptocurrency is a form of unstable investment option, thats why everyone must think before venturing the crypto-space your the only one responsible in your own action so do it with extra precaution and make sure that you do some personal researched before you invest in particular coin or token.
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July 10, 2019, 08:23:25 AM
 #49

Absolutely true cryptocurrency is a form of unstable investment option, thats why everyone must think before venturing the crypto-space your the only one responsible in your own action so do it with extra precaution and make sure that you do some personal researched before you invest in particular coin or token.
everyone must do their research except those who are investing in crypto. I think they will be more confident in the advice of people who know better than their own research. take care of all assets, because the market has its own moment to make us go up or reach the point.




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July 10, 2019, 09:14:12 AM
 #50

Thanks for this reminder, you're right, this is the crypto world. Where nothing is permanen and stable at all. Crypto will be always fluctuating and volatile (only a few is more stable). There will be always negative issues surrounding, volatile price, dump price to bear market, rising price into bullrun and then dropped again, full of fomo and hype, fud, and many more. This is normal. And what you need to do is ignoring what makes you feel bad. Just follow and manage your own strategy in this crypto world in order to survive and progress

I always follow my TA and my own predictions. But i won't deny the fact that i am also confirming my technical analysis from some of bitcoin enthusiast. At the end of the day, my decision is to only follow and to stick from my own prediction.

Yes there is no permanent in this world even cryptocurrency or bitcoin, we can't never tell if it will stay longer or forever. But what important is that, we have been a part of this amazing and beautiful blockchain technology which I am very proud of.
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July 10, 2019, 09:29:16 AM
 #51

The unstable time is also called the time when the market is most bustling when you make the most money. Why skip this opportunity, I feel that you are quite a conservative person and not ready for risky gambling.
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July 14, 2019, 02:40:10 PM
 #52

Thank you for reminding. Sometimes, we are too negligent with various developments and things that happen in this crypto world. As a result, we will be easily deceived or manipulated by various people. of course, being careful is very important especially in terms of choosing a new project or coin to be invested. Or various interesting offers, but it turns out it's just phishing. Likewise with the current market conditions. Don't be easily provoked and impatient.
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July 14, 2019, 02:46:49 PM
 #53

Just a word of caution, careful if you're easily manipulated by outside individuals. These are volatile times in crypto, fomo and every other human emotion will cause you to potentially lose a lot of your savings and investments, if you do not act carefully.

No market climbs forever, neither does anyone know or understand where crypto markets are headed. I urge everyone to do careful diligence, research, reading and monitoring on their own and never invest/trade more than you can afford.


There's a lot of useless predictions (especially on social media & outlets), shilling and fomo invoking individuals in crypto; everyone has their own selfish interests and in the end, no one will be responsible for your actions but yourself.

Crypto is only run by 1 principal, sentiment. To a lesser extent this is mitigated by real-adoption and integration, unlike 2017 or 2013.

thanks for the word of advice. It is really important to be able to know what you are doing, because you can really earn here fast and lose a lkot of money fast. Worst case scenario and best case scenario can happen to you but if you are aware of what u do, u can calculate the risk you can only take and not lose a lot when bad thing happens.

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July 14, 2019, 03:43:43 PM
 #54

You are right but overall fundamentals are improving for crypto and we will finally move towards adoption after regulation is implemented by most of the countries worldwide, for me i think 2020 is going to be a massive year for crypto market.

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