Crypto Twitter

[tvplus006]

Charlatan analysts can be found anywhere where there are discussions about finance. They are just more visible in crypto twitter because news outlets report what they say and show it off as if it's investment advice. I wonder what would happen if someone actually followed their advice, lose a lot of money, and then sue the profile because they didn't include a disclaimer denying its use as investment advice?

Yes, scammers are all around us, they are represented in all social networks. Twitter is no exception to this, but I take information from it only from verified sources. But I think the largest number of them is in Telegram. Regardless of your source of information, you need to be careful with all investment offers.

[iv4n]

CT is full of everything and anything. People shill what they paid for, and you can guess who is paid for what by their twits. CT (or crypto twitter) is an interesting place to be for some time. Facebook is doing their thing with banning crypto accounts here and there, but tweeter is open as it is and there you can see many things.
Each of us making his own accounts as we pleased, twitter is no different. You choose whom to follow, you can block followers, you can make some order. It's what I do, I don't follow many things, just what I like, and when I don't like something I block it, there's no other way to keep yourself out. Always have on mind that you are moderator and that you can choose whom to follow and what you like to see.

[ibuddy122505]

Charlatan analysts can be found anywhere where there are discussions about finance. They are just more visible in crypto twitter because news outlets report what they say and show it off as if it's investment advice. I wonder what would happen if someone actually followed their advice, lose a lot of money, and then sue the profile because they didn't include a disclaimer denying its use as investment advice?

Yes, scammers are all around us, they are represented in all social networks. Twitter is no exception to this, but I take information from it only from verified sources. But I think the largest number of them is in Telegram. Regardless of your source of information, you need to be careful with all investment offers.

That is why we need to be careful and always aware if we found offers that will look good to be true. There is no way that we can get something without hard work, and if there is an offer given that, you need to be careful and don't try to get the offers, but you need to investigate to find the truth. The scammers will find many ways to trick you and get your money.

It's very true that when market alive once again, some so called crypto twitter master comes to choosing what crypto to invest in. Some of their posts they indicate to buy a particular coin like I’m heavily invested in bla, bla, bla, you should do same and just chill. Always aware, if someone try to pay attention with any hot topics.

[Assface16678]

There are a lot of people making a thread and post with the use of different social media because they share the use of the bitcoin and the market price it has already and we usually saw this every time when the market price of the coin pumps up.

Right now there are a lot of spreading this there is a chance that many people make an investment too because of getting curious and want to make an investment too this gives a lot of problem to the people who do just not have enough knowledge regarding with this coin they are getting dependent on the people they just saw on social media.

[Ridwan Fauzi]

This thing can be included as FUD, the FUD term has familiar in 2017-2018 ago in this forum moreover when bitcoin's price crashed a lot at that time. It should take a learning for us, spending money to buy crypton currency is the bad way if you know nothing against it, you will fall to the trap and lose all your money.

This market just for those who knows cryptoncurrency properly, and I believe they spent more time to understand how this market move and especially they know its characteristic. There will be many new comers, the current uptrend market has made many people tempted to come for entry and hopefully they take to understand first before they spend money .

[Bttzed03]

They say never to kick a man when he's down but I can't help it, sorry 

If you've been following this one week wonder guy, you'll get it 

[aioc]

The end of the year is the best time where they compete for their analysis of the price of the coin at the end of the year, it's like a new year resolution trying to be better every year, we will see how high and the low, I hope I will not see $100 k predictions anymore, because it's unbelievable at this point in time.

[ScamViruS]

May this serve as a "guide" to new traders and speculators that not all you read and hear from these so called OG's and experts/analysts are educational. Majority of them are just for money-making just like how McAffee has been doing since 2017. Don't blindly take their suggestions or picks.

Crypto Twitter is the dirtiest place. There is no shortage of crypto experts on twitter when the market is green. Because then they reach that target as soon as they give any prediction. As a result they take credit and claim to be big traders.

On the other hand, there are some big traders who try hard to create hype in the market to pump any coin of their choice. Those who follow them must eventually lose their money.

[el kaka22]

I guess twitter is something quite easy to fool people with, you just buy some votes, you just buy followers and basically fake everything until you make it. Same with youtubers as well, they do chart readings and analysis and they have 20k views? I am sorry but I do not buy it, there are not 20k people who are following every single video of yours to see what type of analysis you are going to come up with, at max it would be like 300-500 and that is if you are famous in the crypto world.

Same with twitter "experts" who have like 50k followers, try to randomly open 100 of their followers and check their tweets, they are either empty or they are just meaningless words string together. This new social media age made people feel like they are competing against something that doesn't exist.

[FontSeli]

To be honest I am watching some of these self-proclaimed crypto experts/analysts for reference and from that, I will do my own research and I will decide for myself and not because they are shilling or promoted it. Sometimes there are helpful and sometimes not. I just look in your example he promoted Blockfi and recently I have seen a news on theblockcrypto that Blockfi has raised a wooping 50 million dollars check below link for reference.

Source: https://www.theblockcrypto.com/post/75338/blockfi-raises-50-million-eyes-potential-spac

the legend says that somewhere there is a successful top trader who in addition to his job has extra time to write daily TA and charts, analyze many different strategies and share it on Twitter that the masses of anonymous traders would make little profit. but it is only a legend, which is btw I invented it right now.
Now serious is it really to expect that experienced trader will waste his time to write TA on Twitter or anywhere for free? the first thing is that there is probably no time to throw and second, they probably earn enough money, so they don’t need to try to explain it all to others for free or for few bucks.

I have a friend who is quite successful in trading on the crypto market. At the time, I asked him why you do not write here on the forum and do not share your forecasts from time to time. He said that it is not only a waste of time, but also sometimes very harmful to write about what you plan to do, because other experienced traders can play against your positions.