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Author Topic: Beware of fraud crypto analysts!  (Read 400 times)
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March 26, 2020, 06:36:47 AM
 #61

Why we should listen to them while we can learn by ourselves about bitcoin analysis, it is better we do by ourselves because they are not always right, and we don't know if they really have a skill in analyzing the market or not. You can read all about the analysis from them, but you should make your own analysis so you can compare what they say, and you can find more information that could be useful for you. You need to be careful when you read analysis from the analysts and don't trust 100%.



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March 26, 2020, 08:18:41 AM
 #62

Be careful of the influencers you follow on social media like twitter. There was one who was exposed recently of photoshopping his trades to fool his followers and get more subscribers to his paid group. He said he did that to make the images look better hehe. Please follow this thread https://twitter.com/Trapouts/status/1238598898559488000

Cointelegraph also covered the story https://cointelegraph.com/news/crypto-analyst-accused-of-photoshopping-trade-screenshots.

There will always be scammers who will take advantage of people's ignorance. Let's prevent that from happening to us by learning how to read charts on our own and not solely rely on free and paid signals from random people on the internet.
Do you still believe in this scammers?analysts that only bringing stupid analyzation about the prices and  movements to favor their own investments.
Sometimes trying to be Hero that will promise us profits but in the end?scams lol
Why we should listen to them while we can learn by ourselves about bitcoin analysis, it is better we do by ourselves because they are not always right, and we don't know if they really have a skill in analyzing the market or not. You can read all about the analysis from them, but you should make your own analysis so you can compare what they say, and you can find more information that could be useful for you. You need to be careful when you read analysis from the analysts and don't trust 100%.
Though it is hard to learn but that is the safest way for our money not to victimized by this scammers.research and study hard before we enters investing in crypto market.

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March 26, 2020, 08:52:23 AM
 #63

Be careful of the influencers you follow on social media like twitter. There was one who was exposed recently of photoshopping his trades to fool his followers and get more subscribers to his paid group. He said he did that to make the images look better hehe. Please follow this thread https://twitter.com/Trapouts/status/1238598898559488000

Cointelegraph also covered the story https://cointelegraph.com/news/crypto-analyst-accused-of-photoshopping-trade-screenshots.

There will always be scammers who will take advantage of people's ignorance. Let's prevent that from happening to us by learning how to read charts on our own and not solely rely on free and paid signals from random people on the internet.
The Twitter platform is already use as a great cryptocurrency platform in sharing information especially in cryptocurrency we could expect popular companies, teams or projects have its own twitter account for updates and also for sharing the progress of their project or token. Either way twitter account could easily just made even for scammer and just like other social medias, obviously their is a lot of scammers here but we could easily see the trusted or legitimate account here in twitter platform.


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March 26, 2020, 09:30:00 AM
 #64

It is found difficult to trust people pretending that they are an expert or everything that they called themselves and ask for us to join. Well, that be talking money in the next step for sure. This is most scammers do especially when you'll keep asking their help.

Does social media (just like twitter) could actually help us to know more about crypto? Of course, it well but somehow some people have making this thing to take advantage of the young minds who do certainly not know about this field. It could be easy for them to manipulate their minds and in the end, you are just giving your money without any single return. We have to think about it.


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March 26, 2020, 12:11:30 PM
Last edit: March 26, 2020, 01:29:58 PM by Baby Dragon
 #65

There are bunch of funny people these days and Photoshop is helping them do the work they are doing, which is deceiving people lol. Everyone these days has to be very careful, cause most of the so called influencers are so fake and not worth following.

I have even unfollowed all of them on Twitter when I got to discover this, all they mainly do is just lie and create wild speculations and deceive their followers. I am just tired of it and this time around I just do my research by myself and when I can’t do it I just relax and take whatever I see. No time meehn Shocked.
People will manipulate you and take advantage of you when you don't have enough knowledge. They will make you believe that they deserve your trust by giving you empty promises, things that seems too good to be true. We should be aware that even the person we consider as friend can stab our back, it just means that you can't just trust a person's words online because you don't know their real intentions. People shouldn't just rely everything on other people, sometimes they have to explore on their own to learn.

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March 26, 2020, 12:58:27 PM
 #66

yepp. Just make sure to follow those famous analysts like cryptolark..
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March 26, 2020, 01:22:14 PM
 #67

Why we should listen to them while we can learn by ourselves about bitcoin analysis, it is better we do by ourselves because they are not always right, and we don't know if they really have a skill in analyzing the market or not. You can read all about the analysis from them, but you should make your own analysis so you can compare what they say, and you can find more information that could be useful for you. You need to be careful when you read analysis from the analysts and don't trust 100%.

I think you can listen and read just for some knowledge but I don't think you should pay much attention to individual analysis to me, I mean, they're right and wrong at various times throughout their histories. They're not necessarily fraud for being wrong either, and not necessarily legit for being right!

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rhadoo27
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March 26, 2020, 01:47:31 PM
 #68

It's always best to keep an eye on a few crypto analysts and trust yourself.
goaldigger
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March 26, 2020, 01:53:15 PM
 #69

That’s a big risk when you just depend your trade on someone’s analyst without conforming the chart. We can make a lot of post of how good are tradings but most of them will not post their real losses. Be an analyst of your own, trust yourself and never depend to anyone, the risk will be lessen if you have the right knowledge.

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evilperro
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March 26, 2020, 01:57:43 PM
 #70

Fraudsters have always existed. I prefer to trust only myself.
pawanjain
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March 26, 2020, 02:02:50 PM
 #71

Following others should be at the lowest priority in our bucket list because we must know the hard fact that if somebody is advising us for something then he must have done that already. If a trader is advising you to invest in a coin then he would have bought it at a better price already.
Don't you think that the influencer would be using the analysis himself first then be publishing it online.
Besides that, if the trader gives out a false analysis then you are the one who is going to bear the loss.
If you are able to use the internet then you are also able to learn trading and analysis yourself which would be a much better thing to do.
You will not only be able to do the analysis yourself but also bust other traders who make false analysis.

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bitbunnny
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March 26, 2020, 02:03:34 PM
 #72

It's good to be informed and it's good to read some analisys, that might be helpful.
However, to rely only on analysts might lead you on a wrong track and make the opposite effect. Not all so called analysts are experts and don't have the hands on experience with market so if you make your decision how, when and how much to invest only based od such analysis that might not be good for your portfolio.

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Sanugarid
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March 26, 2020, 02:27:04 PM
 #73

That’s a big risk when you just depend your trade on someone’s analyst without conforming the chart. We can make a lot of post of how good are tradings but most of them will not post their real losses. Be an analyst of your own, trust yourself and never depend to anyone, the risk will be lessen if you have the right knowledge.
The risk is really big when you are not in control of your trading table, Imagine you are walking around the park coz somebody told you that someone left a cash somewhere within its vicinity, how ridiculous isn't it? I'd prefer personal analyst than random people online who are trying hard to predict with their bare experiences, those who are paid are more technical and historical. But for most try to be an analyst on your feet, you can learn pretty much more than listening to someone else and it really helps personally.

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March 26, 2020, 07:54:38 PM
 #74

Making decisions using patterns and indicators that you do not know is one of the fatal mistakes in trading and investing. Moreover, unstable traders who only went along with trends or instructions strangers on Twitter or telegram blindly (pump and dump signal crypto)in order to get big profits without considering whether the strategy is right or not. If you are still like that, just rely on the opinion of "influencers" then be prepared to lose. Try to care more about what you do, discuss with experienced friends, expand the network, it's better.


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PANK21
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March 27, 2020, 09:04:37 AM
 #75

Be careful of the influencers you follow on social media like twitter. There was one who was exposed recently of photoshopping his trades to fool his followers and get more subscribers to his paid group. He said he did that to make the images look better hehe. Please follow this thread https://twitter.com/Trapouts/status/1238598898559488000

Cointelegraph also covered the story https://cointelegraph.com/news/crypto-analyst-accused-of-photoshopping-trade-screenshots.

There will always be scammers who will take advantage of people's ignorance. Let's prevent that from happening to us by learning how to read charts on our own and not solely rely on free and paid signals from random people on the internet.
I agree with you. Let us be aware of the things that can help us avoid the scammers. Always be updated to the news. Learn how to secure your accounts and protect your privacy. Read some articles about the things scammer interests most and don't click suspicious links that redirect to an unknown websites.

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denzkilim
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March 27, 2020, 09:12:33 AM
 #76


He admitted he photoshopped yet there are still people following pay to be just in his paid membership group! Sweet. This can be done and he doesn't even have to photoshop anything if he just go there in the Wall Observer thread and then posts in his twitter whatever is posted in that thread. Easy money for asking $10 for each member.

So much publicity for the drama of Canfield and King that cointelegraph has to publish an article about photo manipulation.
There are a lot of influencers like that and one thing should be in mind, never ever trust those influencers especially in social media platforms because the reality is they know nothing about what they are doing(the majority of them) and they are only luring people to their doom with their charisma.

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March 30, 2020, 05:34:41 AM
 #77

There are a lot of influencers like that and one thing should be in mind, never ever trust those influencers especially in social media platforms because the reality is they know nothing about what they are doing(the majority of them) and they are only luring people to their doom with their charisma.
Things like that have existed since a long time before bitcoin existed. People have tried to con others and get their money and run a living with these scams like how to get rich and all. If you do a search on Amazon you will find books filled with titles like these and concept behind them is to get rich by selling the book which tells about how to get rich. It is a nice scam and some wannabe noobs fall for these scams.

You have to use your judgement to decide what to take and what not to take. Use that brain that you were born with.

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March 31, 2020, 12:11:31 PM
 #78

Why we should listen to them while we can learn by ourselves about bitcoin analysis, it is better we do by ourselves because they are not always right, and we don't know if they really have a skill in analyzing the market or not. You can read all about the analysis from them, but you should make your own analysis so you can compare what they say, and you can find more information that could be useful for you. You need to be careful when you read analysis from the analysts and don't trust 100%.

I think you can listen and read just for some knowledge but I don't think you should pay much attention to individual analysis to me, I mean, they're right and wrong at various times throughout their histories. They're not necessarily fraud for being wrong either, and not necessarily legit for being right!

That is why I don't use them as my main analysis because I've always made my own analysis, and I also read their analysis to get more information. Sometimes, their prediction can be right, especially if we can gather the information from someone who tells the right thing about the analysis. But sometimes, we can feel a lack of information because we need more time to get more information. If that happens, I think I will use my analysis to determine the time to trade.



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