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Author Topic: Here is why you shouldn't trade bitcoin based on the CNBC Bitcoin News  (Read 533 times)
edna67
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September 08, 2019, 10:47:29 PM
 #41

I don't believe all these crypto media, only rely on myself..
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September 08, 2019, 11:06:12 PM
 #42

Very often, news creates FUD and such speculation negatively affects the market due to people's trust. You need to learn how to filter the news and not make mistakes because of some media statements.
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September 08, 2019, 11:59:56 PM
 #43

You should take them with a grain of salt but not be too skeptic. If the news said that you should take cover because there's a big storm coming would you believe them or not? I always read the news and watch what I can on youtube but try to get some feedback from different sources before acting on it.
If you are predicting something you cannot call that a news, it is mere speculation and i have not seen anyone in any financial market who could predict the market exactly, even the best trader will have an idea on how the market will perform but not the exact valuation on when and how the market will drop or rise, if a news channel is coming up with speculation and prediction, just take it like that and do not take this as a word of god  Wink.

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September 09, 2019, 12:12:03 AM
 #44

CNBC is not the only newsmaker that creates speculation. I have long ceased to take seriously the predictions of Bitcoin prices and all that you are talking about. The media is a tool that is very harmful to people, unfortunately
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September 09, 2019, 01:06:58 AM
 #45

Very often, news creates FUD and such speculation negatively affects the market due to people's trust. You need to learn how to filter the news and not make mistakes because of some media statements.

I still remember when CNBC said it was best to buy XRP when the price was at $ 3 and ended with a loss to investors who followed CNBC's advice. I agree we must filter the analysis from other parties and it is better to use the analysis of the other party as a second opinion and not make it as a main reference

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September 11, 2019, 11:54:35 AM
 #46

When you trade bitcoin, you should not pay attention to news from any sources at all. Nothing can affect bitcoin except large investors, this is my opinion
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September 11, 2019, 12:05:22 PM
 #47

When you trade bitcoin, you should not pay attention to news from any sources at all. Nothing can affect bitcoin except large investors, this is my opinion
there are traders that wanted to foccus on thier own thing  so they decided to not follow the news or any speculation that sorrounds them just to avoid distraction  .  while the other kind of traders are verry careful , they always scout for helpful resources before they make a move  .

small investors can also affect the flow of bitcoin especially if many small traders are also doing the same thing  .

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