A thing worst than "don't trade with your emotion" a trader should avoid

[goinmerry]

That's why I don't rely my decisions through influencers or YouTube videos that I've just seen. And as much as I can, I'm now avoiding to watch those videos.

These content creators are making sort of hype with their thumbnails just to make it very encouraging to watch and out of our curiosity, we'll watch them.

It's better to do my own analysis in the fundamentals since I can also do what they're doing about research.

It's not actually wrong to watch influencers or those who called themselves experts on Youtube as long as on our part, we should know what things are really good to execute to do. However, there are people who literally follow everything that these influencers are doing. Not wrong but it should be obvious that results and outputs are different from each other.

Not because we profit from these strategies, everyone will have the same output.

We all have skills in doing DYOR, it just needs improvement.

[Wexnident]

Well, you can't deny that some people have profited off of pure "hype" in some projects. Just that, it isn't really trading tbf, I'd call it gambling. Well if you were able to enter early on before the hype pumped up, or even in the middle of it, you can still get some sort of sizeable profit BUT if you were one of the last ones, then yea, you'd be crying losing your funds due to hype. Honestly, I'd rather just stay away from influencers and whatnot that talk about what they THINK will happen. I'd rather watch people talk about the meanings and the like, you know, factual information (from a beginners perspective), then do the thinking on my own side instead. Can maybe reference a few others, but that's about it, it stays as a reference.

[TheUltraElite]

Firstly that is a nice collage and I wonder how long it took to prepare.

Now I divide the video-watchers into two groups,
1. Those who blindly believe everything they see.
2. Those who are skeptical and take what they need.

See the first is the major victim of such shilling, click-baiting and other "cringe" methods of marketing your content. They are also the ones who are in it for the quick gains and dont understand the fundamentals because that needs a brain.

The second group is whom I admire a lot, they know it is a trash video, but they might watch it only to take what they need. If a channel is nothing but trash, usually this group will stop watching a specific channel.

Either way, learning from youtube can be done on many subject, but not trading. The incessant hammering of shitcoins is bad for newbie traders it makes them lose their hard-earned money while the creator gets paid from that shitcoin company.

Also the reason why there is lack of of follow-up on shilled coins. It is a one-night story only.

[adaseb]

Yeah it’s funny because none of those YouTube stars do any actually trading. Why trade and lose all your money when you can simply make a video in hindsight about what will happen tomorrow for cryptos.

Those are some of the worst click bait thumbnails I have seen and seems many are copying each other. And they get big revenue from YouTube for doing practically nothing. They got no production budget or anything. Just make a quick video, show some charts and you get profit.

[cabron]

Influencers' faces look more emotional than what they are saying. Having lots of subscribers will make them money, they get to make money even without trading. They get paid for thier videos too, I have not seen one of them specifically predict the market trend in a particular time frame but just saying a safe forecast avoiding blame from its subscribers.

If a trader supports an altcoin, end your support to that influencer because eventually, he will shill that coin. This is why I just focus on BTC/stablecoin because traders are just going to be in this market.

[bitterguy28]

Shillings and hype are good sometimes, they might have their influence on bitcoin/Altcoins growth but I think it's not good to follow their steps because they say it will 100x, they are overdoing it and it doesn't help traders.
Be focused on your own findings and make a clear decision on your trades.

Yes , shilling is not always Bad specially if this tackles right or truthful , but the problem is most shills now are just to favor them as being paid or at least investing in what coin they are shilling.

it will always be best to not rely in anyone but your own judgement so if ever there is a failure at least it is your money and that is your decision.

those people care nothing about you actually instead you will only be in luc if invested in their product and succeed eventually .

[Lucius]

~snip~
We need to tell people what they need to know, not what they want to hear.

This is similar to what happens in politics because they always tell us what we want to hear, and most of those who listen to it believe them - at least every 4 or 5 years when there are elections. The fact is that today you can sell anything if it is presented in the right way, and these people are using old proven tactics with the help of new technologies.

This is where the good or bad side of the internet collides, but some more than obviously can't figure out where that limit is. It's not a problem to find information, the real problem is how to filter it properly - whether it's a youtube video or a crypto project, and sometimes it looks like you're looking for a needle in a haystack that's getting bigger and bigger.

[boyptc]

Yeah it’s funny because none of those YouTube stars do any actually trading. Why trade and lose all your money when you can simply make a video in hindsight about what will happen tomorrow for cryptos.

Those are some of the worst click bait thumbnails I have seen and seems many are copying each other. And they get big revenue from YouTube for doing practically nothing. They got no production budget or anything. Just make a quick video, show some charts and you get profit.

Exactly.

They're making a content for money from the crypto market. Telling what's likely happening currently and what are the contents of the news that they'll just re-read and show it to their audiences.

They have no risk doing these videos and the risk is on their viewers if they'll going to listen to these YouTube video creators. In the end, only a few of them are really for the helpful information like Andreas, the rest of them entertainers.

[Slow death]

the price is dropping a lot, the news is bad, panic is everywhere and fear starts to appear, at that time it may be better to listen to fear and sell before the worst happens. there are people who are making hodl ae today of altocoins that are no longer good for anything, but as these people have the thought that they shouldn't act out of fear they are getting shitcoins and a lot of losses

[suzanne5223]

Both trading with emotions and following the mislead advise of an influence is almost the same thing but the only difference is that the trader will know that the research was done by her and she will make herself responsible for the result.
Like the OP shillings and hype are good sometimes, I can still remember when a project was shilled in the telegram group but I ignore it then and now the coin is among the top 50 coins on CMC.
I later realized that when a shiller or an influencer advertise a coin it is good to do some research about it before ape on it because sometimes their statement are true and sometimes it not.

[stomachgrowls]

the price is dropping a lot, the news is bad, panic is everywhere and fear starts to appear, at that time it may be better to listen to fear and sell before the worst happens. there are people who are making hodl ae today of altocoins that are no longer good for anything, but as these people have the thought that they shouldn't act out of fear they are getting shitcoins and a lot of losses

Usual thing to happen whenever we do see these declines or the market had failed out to reach those people expectations.On the time that it had been playing out around 44k then people do already

starts on presuming that the price wont really be going below 40k but instead it would shoot up directly to 50k but look at on where we now? This is im always saying that not everything would be

guaranteed no matter how positive sentiment we do have in the market because price could move out differently and on random manner which simply you should expect the unexpected.

[Vaculin]

Both trading with emotions and following the mislead advise of an influence is almost the same thing but the only difference is that the trader will know that the research was done by her and she will make herself responsible for the result.
Like the OP shillings and hype are good sometimes, I can still remember when a project was shilled in the telegram group but I ignore it then and now the coin is among the top 50 coins on CMC.
I later realized that when a shiller or an influencer advertise a coin it is good to do some research about it before ape on it because sometimes their statement are true and sometimes it not.

There are positive influencers too, as much as negative influencers have become rampant too. This is not surprising as bitcoin fever has become mainstream in the social media. But we don't have to believe some of them who are already making exaggerations as it would destruct anymore our own market analysis. We have to always rely from the given facts and not from FOMOs or FUDs that they have been shilling because for sure they are also paid for it. The most important thing is, we have our own market analysis and that we stick to it to come up with our target. And trading with our own emotions will never do good in trading after all.

[jossiel]

That's why I don't rely my decisions through influencers or YouTube videos that I've just seen. And as much as I can, I'm now avoiding to watch those videos.

These content creators are making sort of hype with their thumbnails just to make it very encouraging to watch and out of our curiosity, we'll watch them.

It's better to do my own analysis in the fundamentals since I can also do what they're doing about research.

It's not actually wrong to watch influencers or those who called themselves experts on Youtube as long as on our part, we should know what things are really good to execute to do. However, there are people who literally follow everything that these influencers are doing. Not wrong but it should be obvious that results and outputs are different from each other.

Not because we profit from these strategies, everyone will have the same output.

We all have skills in doing DYOR, it just needs improvement.

Yes, nothing wrong with watching.

But what's wrong is if you start to rely your decisions with what they're saying. We're still the ones that has the power to make our decisions and it should be no regrets when we decide.

There are still some information that could lead us to profit that comes from them.

[Webetcoins]

That’s why a lot of times I do tell traders that it is best for them to learn how to do their own research or technical analysis, or whatever it is going to take for them to be able to carry on their trade without having to rely on anyone. The only time you will be desperate enough to look for these YouTube pages and the rest of them are when you don’t know have the knowledge of what you are doing, when you’re only after quick profit , then you will keep looking for such videos that satisfies your urge, and at the end of it you will be misled by these YouTubers.

There are helpful YouTube videos for sure, if you take your time to look for them, but even at that you should learn to do things for yourself, do your research and be able to make out your opinion on whether what you’re being told is right or wrong.

[sana54210]

They're making a content for money from the crypto market. Telling what's likely happening currently and what are the contents of the news that they'll just re-read and show it to their audiences.

They have no risk doing these videos and the risk is on their viewers if they'll going to listen to these YouTube video creators. In the end, only a few of them are really for the helpful information like Andreas, the rest of them entertainers.

First of all, people who go after these YouTubers and watch their videos have to understand that the cryptocurrency market trading comes with risk, and nobody is certain what it is going to be. Take for example, I have seen so many people who predicted a bullish move for the altcoins market starting from January of this year, but that never happened, instead a lot of altcoins that they have mentioned has been critically low and the way I am seeing them, there is no hope for an increase this year.

So, all these things are just people speculating on what the price would be, when that’s not going to be the case. Sometimes they might be right though, that’s mostly a gamble, while few of them can be a proper research to predict the price.

[JunkieMiner]

You are absolutely right here, because I had also some experienced regarding these issues that channels you talked about is also as same as the emotions itself of a person, but the difference is that emotions can't be controlled as easily but relying on other opinions can be controlled and that will be a great satisfaction if someone started his own research on something and achieved that. That will give a person inner happiness as he worked hard for it and he did it.

[stompix]

Yeah,all the clickbait thumbnails on Youtube are hilarious.

I've stopped watching and clicking on thumbnails with guys screaming or caps letters no matter the content, from reactions to reviews to fails to car crashes to funny animals, those thumbs scream desperation to get views and have an extra $ for a big mac menu.
Not even counting fake photoshopped thumbs that are nowhere in the videos.

It's not actually wrong to watch influencers or those who called themselves experts on Youtube as long as on our part, we should know what things are really good to execute to do.

So if you already know what to do, why do you waste your time watching what a stranger tells you what to do?

Watching youtube is only good to learn TA and usually channels like that have a small following.

And TA had been proven to be complete garbage when it comes to actually predicting the price on short to medium intervals when I hear and see poeple who somehow managed through their TA to arrive at the conclusion that Bitcoin price will definitely go up in the next 3-4 years or decade I feel like slapping them with a stinky sock full of lead. Using a coin to predict the price for the next week or month will probably be just as accurate, or better, use a hamster!!!!

This hamster's cryptocurrency portfolio is beating the market
Also, RIP, the poor guy died, unfortunately.

[nhaila]

Watching youtube is only good to learn TA and usually channels like that have a small following. Cryptoface has been doing lives with trading tho dunno is his thing he uses good, never tried it.

You will inevitably incur losses if you follow the wording of the comments on bitcoin trading on YouTube channels. You can do technical analysis from YouTube channel but don't go for investment. They never share up-to-date news of the market.

[Quidat]

Watching youtube is only good to learn TA and usually channels like that have a small following. Cryptoface has been doing lives with trading tho dunno is his thing he uses good, never tried it.

You will inevitably incur losses if you follow the wording of the comments on bitcoin trading on YouTube channels. You can do technical analysis from YouTube channel but don't go for investment. They never share up-to-date news of the market.

Even if its a live one, it wouldnt still give out that kind of assurance that it would end up on being a good trade.You could snip out some ideas from those
people which you could apply it into your own analysis.Dont ever tend to rely nor follow purely with those calls yet its still a speculative one which means
that there would be always no guarantee of success and once it do fails then you would really be having that kind of regret.

[boyptc]

They're making a content for money from the crypto market. Telling what's likely happening currently and what are the contents of the news that they'll just re-read and show it to their audiences.

They have no risk doing these videos and the risk is on their viewers if they'll going to listen to these YouTube video creators. In the end, only a few of them are really for the helpful information like Andreas, the rest of them entertainers.

First of all, people who go after these YouTubers and watch their videos have to understand that the cryptocurrency market trading comes with risk, and nobody is certain what it is going to be. Take for example, I have seen so many people who predicted a bullish move for the altcoins market starting from January of this year, but that never happened, instead a lot of altcoins that they have mentioned has been critically low and the way I am seeing them, there is no hope for an increase this year.

So, all these things are just people speculating on what the price would be, when that’s not going to be the case. Sometimes they might be right though, that’s mostly a gamble, while few of them can be a proper research to predict the price.

I've also seen those clickbait and bullish predictions that these people have done.

They've misled people through their videos and making them emotional because of the idea that was formed on their minds and later on, was shared to every viewers that they've got.

It's not always good to think of them as a source of material and information because they're more likely to have the wrong prediction than being accurate.