You are also like them?

[Aanuoluwatofunmi]

Yes, I used to follow YouTube the most when I was a fresher. Loved their videos and slowly got addicted to crypto. But since I had very little knowledge about Bitcoin and was very eager to learn, I am fairly well versed in trading today. So now when I want to do spot trading, first of all I analyze myself than trade. I want to tell you something about this. If you are less experienced then you can follow youtube but if you want to be really experienced there is no substitute for observation.

Watching YouTube will not add to the experience if someone just watches it without wanting to try it after watching everything on YouTube. Experience can only be gained by each person through the experiments they carry out because watching and reading is only to tell everyone about the information conveyed by someone, either through writing or through video. So if you want to be more experienced, everyone needs to practice what they have watched in order to see more accurate results in what they do.

YouTube only helps traders to hear other opinions from Institutional organizations and what other individuals have speculated concerning bitcoin market trend on recent time, but if we really need to know more about bitcoin market speculations very well, we have to go through the learning process and this may take a little of our time and efforts, this is the practical aspect that we need to bring in various strategies and indicators in place to arrive a define destination through our speculations, watching YouTube alone may not teach us what is required or needed to know when we are on the real practice.

[wxa7115]

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

It is not possible that all of them technical analyst on YouTube have the wrong predictions. Truly, most are and you can tell that they are repeating and saying some technical stuff to confuse the already confused amateur viewer.
It takes years of effort and study to develop that skill. There's a handfew of them who are that good and unfortunately they don't have a YouTube channel.

Most of those that have mastered TA do not really need to have a youtube channel, they are simply too busy making money and improving their strategy to care about what some newbie traders may think of them.

This leaves those newbies with a bunch of influencers that want nothing else but to bring attention to themselves by making outrageous predictions, so newbie traders have no one to rely on their journey to become successful traders, still it is not as if they are the only ones, since the majority of those that mastered TA had to do it on their own as well and they still found a way to learn how to trade despite of all the obstacles they had on their way.

[Litzki1990]

If someone is promoting something good online then he certainly deserves praise but in this day and age it is hard to find people creating good content on YouTube about Cryptocurrencies. Crypto related videos I try to understand very little on YouTube because most of the videos share wrong information and I think the people who share this information or who make the videos have very little knowledge about crypto currency. They create video titles and thumbnails in such a way that they are immediately engaging. Having three monitors in front and trading charts on monitors and trading candles on mobile does not make a YouTuber proficient in trading. A skilled YouTuber finds proof of his skills in the content of his videos.

[Natsuu]

If someone is promoting something good online then he certainly deserves praise but in this day and age it is hard to find people creating good content on YouTube about Cryptocurrencies. Crypto related videos I try to understand very little on YouTube because most of the videos share wrong information and I think the people who share this information or who make the videos have very little knowledge about crypto currency. They create video titles and thumbnails in such a way that they are immediately engaging. Having three monitors in front and trading charts on monitors and trading candles on mobile does not make a YouTuber proficient in trading. A skilled YouTuber finds proof of his skills in the content of his videos.

It's frustrating how misleading content is everywhere and even in social media, fake news is all over the place yet many people still fall for it. Especially on youtube where content creators often just want to gain profits without bothering to dig into the real facts about cryptocurrencies. Ofcourse we can still consider to watch youtube videos to get an idea, but we still have to be smart about it and only to the extent that it is because we are weighing which one to believe and which is not. Just because a video is there doesn't mean it's true, we still need to verify our facts and watching one video about cryptocurrencies does not necessarily mean that it is correct.  Good thing we have this kind of forum as this serves as another source of clarity. It is still up to us to make learn and make the decisions.

[Japinat]

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

Many influencers have this and those who have no knowledge about crypto will certainly believe them. Well, they are comedy because those who already have experience will just laugh at them as we know the truth already. In fact, even the creator of Bitcoin can't tell which it will be going as the price relies on the market demand and supply. And this is the fact that nobody knows what will happen next and much more of these YouTubers who also don't have any crypto background.

They won’t be so called effective crypto influencers if they don’t act like technical analysts. So these YouTubers pretend to know everything about bitcoin and make wild predictions as if they’ve seen it really coming. But the reality is they really don’t know what they’re talking about since they do their jobs not because they are highly capable and knowledgeable to do it but because they are making a good compensation of it. And only real bitcoin analysts can prove it since they have been in the market for years watching how bitcoin and the rest of crypto works.

However, we can’t generalized this kind of thought because we all know that there are also YouTubers who have been doing their jobs from their best of abilities and skills. They don’t care on their earnings but they focus on more on how they’ll educate the people with facts about bitcoin and the crypto market, so they won’t be blinded by some too good to be true projects that will only scam them in the end.

[doomloop]

we can still learn things or gain ideas there. If you are aware that nothing he says makes sense, it is straightforward to only take what will benefit us.

That is only possible if you as a viewer are already aware of what's happening and what the guy is saying, but if you are new in the whole trading thing and don't even have any idea, you will most probably be misguided because the ideas that you might gain from them might not actually be totally accurate and on point, and you might struggle if you follow their signals and suggestions.

Given that it is true that these influencers make trading seem comical, it is fairly simple to avoid doing so. Find a different trader that makes sense to you and has more experience; that's what I'm doing. Why would I waste my time watching someone on YouTube who is aware of the error of his statements? Am I right?

That's definitely the way to go, but yet again, if someone is new in the industry and doesn't have any idea about anything, there is a high chance that they will get the wrong influence. That's why, it's always important that someone who is new uses multiple sources to verify any information they get from any person on any platform including YouTube, Twitter (now X), Facebook, or anywhere else.

[terrific]

I know right, they're comedians and later with their videos there's always the sales pitch from their own courses on sale.
That's the funny part, I don't understand these people that are learning from them as they say but it becomes their another source of income aside from trading. If they legitimate make money, they just make themselves prosper through trading. Don't get by their justification about they just want to teach other people make money too.

[Belarge]

If someone is promoting something good online then he certainly deserves praise but in this day and age it is hard to find people creating good content on YouTube about Cryptocurrencies. Crypto related videos I try to understand very little on YouTube because most of the videos share wrong information and I think the people who share this information or who make the videos have very little knowledge about crypto currency. They create video titles and thumbnails in such a way that they are immediately engaging. Having three monitors in front and trading charts on monitors and trading candles on mobile does not make a YouTuber proficient in trading. A skilled YouTuber finds proof of his skills in the content of his videos.

Cryptocurrency is very risky, we invest at our own risk, that's why it's clearly stated that we should invest the equivalent sums we can afford to lose and not risking all our monetary value on just a project with high expectations, unknowingly to us that it will crashed without our idea. YouTube content creators have absolutely nothing to offer, only there to procrastinate and engaged in projects that they tend to be paid certain agreed fee for the purpose of promotion. We know them but won't start mentioning names because they're all over YouTube and persuading the viewers to subscribe to their channels.

[Distinctin]

Watching these YouTuber 'technical analysts' is like witnessing a comedy show. They just scribble lines on a Bitcoin chart and act like they're gazing into a crystal ball. But the reality is, they're about as accurate as a broken clock – right only twice a day. It's laughable how they sell this snake oil, predicting the future with squiggly lines. I wouldn't bet a Satoshi on their so-called insights!

It will always look like a comedy show if we see it from the real technical analyst point of view. Since we all know that bitcoin moves unpredictably then no one could take an edge on it and just predict the bitcoin movement as if he knows where is bitcoin actually heading. And YouTubers are actually doing this because they want to create an impact to their viewers that they are really knowledgeable and very confident on their predictions when in reality, they really don't know what will bitcoin look like in the future and it seems that they underestimate the real potentials of bitcoin.

However, this is not really surprising for all YouTubers as they are not here to educate the people about bitcoin but to make an income out from bitcoin predictions and promote projects that are actually not reliable. Since they sugarcoat those projects and now they become projects will high potentials to succeed in the market, then here comes these less knowledgeable investors who are only here to find quick profits out from those too good to be true projects.

[cheezcarls]

First and foremost, I am not a fan of these Youtubers doing ridiculous clickbait thumbnails of BTC and other cryptos going on 10x, 100x or so. It's like they are on shilling mode not caring about the subscribers but only on the views and revenue from Youtube ads.

One of my friends who is a Youtube crypto influencer is also like that and has his own Patreon subscription packages for his TAs, etc. Despite that he's my friend, I am not a fan of his clickbaits and predictions as technical analysis aren't offering any guarantees at all.  

I would rather follow those content creators who are ethical and more on realistic education about BTC and other cryptocurrencies. This is what I have been doing where I just simply feature projects without encouraging nor discouraging anyone to buy this, buy that, etc., as I am just more on education and pure information purposes.

Therefore, going back to the OP's question, I ain't like them and I do not see myself to be like these crypto Youtubers making nonsense predictions here and there just to gain more views, subscriptions, etc.  

[Jatiluhung]

I personally am not good at carrying out technical analysis, but I have also seen channels on YouTube and Telegram that provide technical analysis for free. And try to understand the basics of the analysis they do. But I personally am not someone who easily trusts the results of other people's analysis. Because for me analysis based on fundamentalist news would be much better. Because the response of market players is always clear to see where they are directed by published news. So we only need to look at the market sentiment and start following the trend that is being formed. But to determine the best position for entry and exit, technical analysis is still needed for me. But technical analysis alone is not enough to make market price predictions. Because movements in the market are much more complex and there are many factors that influence its movements and these are the factors that we must study so that we can use them as material for analysis in our trading.

[carlisle1]

If someone is promoting something good online then he certainly deserves praise but in this day and age it is hard to find people creating good content on YouTube about Cryptocurrencies. Crypto related videos I try to understand very little on YouTube because most of the videos share wrong information and I think the people who share this information or who make the videos have very little knowledge about crypto currency. They create video titles and thumbnails in such a way that they are immediately engaging. Having three monitors in front and trading charts on monitors and trading candles on mobile does not make a YouTuber proficient in trading. A skilled YouTuber finds proof of his skills in the content of his videos.

Cryptocurrency is very risky, we invest at our own risk, that's why it's clearly stated that we should invest the equivalent sums we can afford to lose and not risking all our monetary value on just a project with high expectations, unknowingly to us that it will crashed without our idea. YouTube content creators have absolutely nothing to offer, only there to procrastinate and engaged in projects that they tend to be paid certain agreed fee for the purpose of promotion. We know them but won't start mentioning names because they're all over YouTube and persuading the viewers to subscribe to their channels.

You need to extend your time learning more and not just to follow those creators, being keen to succeed it's more on how you will
try finding the right patterns and the right treatment in this kind of market,

I personally agree that using the amount that we can afford to lose is one of the good factor to learn more about trading, with potential to become
volatile, if you are using the amount that you are willing to let go, there's no problem if mistake take place, but the knowledge that you learn is more important.

[Fakhrulenclix]

I personally am not good at carrying out technical analysis, but I have also seen channels on YouTube and Telegram that provide technical analysis for free. And try to understand the basics of the analysis they do. But I personally am not someone who easily trusts the results of other people's analysis. Because for me analysis based on fundamentalist news would be much better. Because the response of market players is always clear to see where they are directed by published news. So we only need to look at the market sentiment and start following the trend that is being formed. But to determine the best position for entry and exit, technical analysis is still needed for me. But technical analysis alone is not enough to make market price predictions. Because movements in the market are much more complex and there are many factors that influence its movements and these are the factors that we must study so that we can use them as material for analysis in our trading.

The important point is that we should not trust other people too easily, watching other people's analysis on YouTube or in other places is fine as long as we also have our own knowledge and beliefs.
In trading we risk what we have, so it is better that whatever results we get must be from what we have decided.

At the beginning of my trading, I was often influenced by what I heard and saw, until gradually I realized that I had been wrong all this time.

[tygeade]

I personally am not good at carrying out technical analysis, but I have also seen channels on YouTube and Telegram that provide technical analysis for free. And try to understand the basics of the analysis they do. But I personally am not someone who easily trusts the results of other people's analysis. Because for me analysis based on fundamentalist news would be much better. Because the response of market players is always clear to see where they are directed by published news. So we only need to look at the market sentiment and start following the trend that is being formed. But to determine the best position for entry and exit, technical analysis is still needed for me. But technical analysis alone is not enough to make market price predictions. Because movements in the market are much more complex and there are many factors that influence its movements and these are the factors that we must study so that we can use them as material for analysis in our trading.

I agree, that's not really the point of Technical Analysis neither, you are making an analysis but that doesn't mean that it has to come out true neither, that should be something that we could end up being a little different. I get that we are going to end up seeing analysis that turns out to be true but we are going to end up seeing ones that turn out being wrong as well so all in all it is not going to be all that easy to predict.

We need to just use that as a way to just understand the market but that's not going to be all that weird. We need to realize that it is not going to end up being all that easy to handle and shouldn't really be something that we could benefit from neither, it just can't be all that good in the end.

[libert19]

Nah, I don't do charts, they overwhelm me. Also, realized long ago so called technical analysts's bullshittery. People who watch them are newbies, and these YTbers feed on their ignorance, unfortunate is that there are always newbies to prey for.

[Fatunad]

I personally am not good at carrying out technical analysis, but I have also seen channels on YouTube and Telegram that provide technical analysis for free. And try to understand the basics of the analysis they do. But I personally am not someone who easily trusts the results of other people's analysis. Because for me analysis based on fundamentalist news would be much better. Because the response of market players is always clear to see where they are directed by published news. So we only need to look at the market sentiment and start following the trend that is being formed. But to determine the best position for entry and exit, technical analysis is still needed for me. But technical analysis alone is not enough to make market price predictions. Because movements in the market are much more complex and there are many factors that influence its movements and these are the factors that we must study so that we can use them as material for analysis in our trading.

I agree, that's not really the point of Technical Analysis neither, you are making an analysis but that doesn't mean that it has to come out true neither, that should be something that we could end up being a little different. I get that we are going to end up seeing analysis that turns out to be true but we are going to end up seeing ones that turn out being wrong as well so all in all it is not going to be all that easy to predict.

We need to just use that as a way to just understand the market but that's not going to be all that weird. We need to realize that it is not going to end up being all that easy to handle and shouldn't really be something that we could benefit from neither, it just can't be all that good in the end.

When it comes to speculations then we could really be able to spam out on whatever things that we do look into the market, it cant be considered right or wrong not unless the results or outcomes would really be getting in line on what you had predicted and this is why we do see that there are predictions which turns out to be true which we do have that kind of impression that it was really that precise and this is where we do really decide on following someone just because we've seen that he's really that good on making those technical calls on which this is something that would really be convincing us to follow and its really that a common mistake i should say but on the time that we do realize on whats the real deal then you would really be able to find for yourself that it would really be just that possible on making out your own trading decisions without needing to see others analysis.

So called experts and gurus does really exist on this market and if you are really just that blind and follows them without really that much in concern about the risks then you are really that putting yourself
on big regret once those signals turns out to be a loss. Its better to have a loss but it would really be on your own analysis which it doesnt really give out that kind of sick feeling
not like when you do rely on someone.

[Silberman]

Nah, I don't do charts, they overwhelm me. Also, realized long ago so called technical analysts's bullshittery. People who watch them are newbies, and these YTbers feed on their ignorance, unfortunate is that there are always newbies to prey for.

TA can be effective, but influencers with their ability to exaggerate everything they say and touch have created this myth that it is an infallible tool that allows them to perfectly predict the future, and when anyone that watches their different streams and videos tries to follow their formulas they find this is not true, now we know that a great deal of what we watch on TV is not true and we do not care, however when the advice those influencers are giving can be used by others to lose their savings, that is when it is clear their lies have gone way too far and they must tone it down.

[shinratensei_]

Nah, I don't do charts, they overwhelm me. Also, realized long ago so called technical analysts's bullshittery. People who watch them are newbies, and these YTbers feed on their ignorance, unfortunate is that there are always newbies to prey for.

TA can be effective, but influencers with their ability to exaggerate everything they say and touch have created this myth that it is an infallible tool that allows them to perfectly predict the future, and when anyone that watches their different streams and videos tries to follow their formulas they find this is not true, now we know that a great deal of what we watch on TV is not true and we do not care, however when the advice those influencers are giving can be used by others to lose their savings, that is when it is clear their lies have gone way too far and they must tone it down.

more of overly inflating their own capability and assesment to make TA, they'd make many mistakes and just go on with it becasue they are so confident, the result are just series
of trash analysis that causes many to lose.
its always like this with many influencers, shout as loud as they can so that everyone knows they exists, doesn't matter if what they are shouting are just some bullshit.
same thing with the many influencers that gives financial advice, even though they said its not financial advice, but clearly they are
trying to influence the financial decision of many people.

[mirakal]

Either if you like it or not, that doesn't have any effect on people who are making those videos. That's how they are making money and they will do anything to keep that happening. But it is up to you or us to whether trust them or not. As of trading goes, you should never follow others or copy other's work. If you don't do it on your own, then there's no point.

Those squiggly or scribbling lines could be true. Maybe they are good at what they are doing. But why should you follow them? Technical analysis is a process to somewhat predict the future of the market. But it is never 100% accurate and never will be. You can guess it to an extent and that is how people trade. As long as you don't follow those videos or those people then you are good. But if you are foolish enough to trust those videos, then that's a "you"problem.

There’s no problem with well experienced traders as they surely have their own trading analysis and predictions that are more reliable compared to the YouTubers online. But for these new traders that can be easily lured by too good to be true videos, then the problem never stops. That is why trading is actually not for everyone since what we need here are the real knowledgeable and capable traders that can sustain the market’s uncertainty. Not those traders who are more eager with the quick profits that they can obtained from trading, when in reality all they gained are just losses because they’re not capable to make successful trades.

However, we can’t also blame these YouTubers who claim that they know everything about bitcoin. They need that to attract their viewers as they can gain maximum income if a lot of viewers will follow their predictions. But the final decision is already on us whether we find their analysis highly reliable or we just need to focus on our own to achieve better and positive trading results.

[tjtonmoy]

There’s no problem with well experienced traders as they surely have their own trading analysis and predictions that are more reliable compared to the YouTubers online. But for these new traders that can be easily lured by too good to be true videos, then the problem never stops. That is why trading is actually not for everyone since what we need here are the real knowledgeable and capable traders that can sustain the market’s uncertainty. Not those traders who are more eager with the quick profits that they can obtained from trading, when in reality all they gained are just losses because they’re not capable to make successful trades.

However, we can’t also blame these YouTubers who claim that they know everything about bitcoin. They need that to attract their viewers as they can gain maximum income if a lot of viewers will follow their predictions. But the final decision is already on us whether we find their analysis highly reliable or we just need to focus on our own to achieve better and positive trading results.

That's true but sometimes even the pros rely on someone. Imagine you are doing all kinds of stuff and you have little to no time to give on trading analysis. So a quick solution could be to just open up YouTube and watch some videos. Not the best solution to be honest but in a time like that, it is logical for one to do that. And for a pro trader, one or two losses won't be that much of a big deal. But the main problem arises only when it comes to newbies. They are clueless about what is happening and what should they do.
If a pro trader watches the video they will know what is going on and if there's something wrong with it then they can correct that and do trades. But a newbie will never be able to do that. They will blindly follow whatever they are showing in the video.

Youtubers make money from views. So they will do anything to increase that. Never fall for that. As long as you aren't able to do trades on your own, don't do it. This is what I want to say to all the newbies out there.