Time to be cautious: Everyone is not market expert

[God bless u]

Many people who know nothing about the market are claiming to be expert of the market know nothing about the market they are just doing all this to gain followers which will make them to generate money from social media.  Investors needs to be very careful with the advice they get they see on social media most of this people giving advice as experts don't even know what they are doing . The social media is full of people who claim to be experts with a shallow knowledge about crypto and the market.

Crypto influencers mostly misguid crypto users and they often share wrong information with others just to earn money and also they wants to enhance the value of their channel. They don't have any accurate information but when they heard about Bull season beginning then they wants to take benefit from such situations so they attracts people toward their channels through spreading os faulty and useless information but as newbies does not know about it so they can easily trust them.

Sometimes when people find no other way of earning then they take step towards negative ways of earning in which acting like a crypto experts is included. Influencers are more active during preparation for Bull season because they misguide people to choose some altcoins that become useless when time passed. Experts can understand this thing better so newbies should know about the reality of crypto influencers.

[Bushdark]

Agreed people should avoid taking advices from bloggers or YouTubers especially during this bullrun .Most claimed to know a lot about cryptocurrencies advising people to buy that and sell that resulting mostly into losses because they themselves are not expert themselves. Some even offer mentorships programs for such ,so people should take care to avoid been scammed during this bullish move in the market.

Since everyone is not experts in the market, we need to be careful how to take decisions in the market. There are things we need to do to keep making profits from the market. It is important for us to measure and examine the market before we invest in any crypto projects.
The market is full with scam projects and if we make the mistake of investing in one of them, that might lead to rug pull which we will longer be able to take our money from the project. Even selling it will be hard for us to do.

[Silberman]

Agreed people should avoid taking advices from bloggers or YouTubers especially during this bullrun .Most claimed to know a lot about cryptocurrencies advising people to buy that and sell that resulting mostly into losses because they themselves are not expert themselves. Some even offer mentorships programs for such ,so people should take care to avoid been scammed during this bullish move in the market.

Since everyone is not experts in the market, we need to be careful how to take decisions in the market. There are things we need to do to keep making profits from the market. It is important for us to measure and examine the market before we invest in any crypto projects.
The market is full with scam projects and if we make the mistake of investing in one of them, that might lead to rug pull which we will longer be able to take our money from the project. Even selling it will be hard for us to do.

Extreme caution needs to be exercised when trading the markets, not only the amount of scams in this market is alarming, the whales can also manipulate the price of the most popular coins on the market, so if you are a trader that uses leverage then you could easily get a margin call if the whales manipulate the price to take the opposite direction and you are not using a stop loss, so before making a single trade we need to think about all the things that could go wrong so we are not surprised when they happen and we can take the appropriate action.

[doomloop]

From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.

Well as bloggers or vloggers thats precisely what they will do. But we have our option to check first what they are shilling. Its always our prerogative to follow or not those calls. We cant say they are wrong but surely they got some narrative for that speculations cause if not then they are just trying to pump their bags and exit as soon many people put up liquidity. Not all social blogfers are leeches some are literally good on providing information but of course we cant deny presence of garbage influencers too.

The thing is that we need to do our own verification first before believing any altcoin hype on social media, due diligence is very important before jumping to put money in any new projects. Some influencial people are paid by these fraudsters to promote their scam projects, and they greedily accept because they're well paid for the promotion, not knowing the true intentions of who hired them. This is why I'm never moved when I see celebrities advertising brands, because they're just business people that are paid to do a job, ignorant people will think that if this celebrity can advertise a product that means that it's genuine. When i see a new crypto coin being advertised, I take it on advisory level, because with my knowledge i know that most of them will end up shitcoins.

The example of celebrities promoting brands was so on point, a lot of people get crazy about a certain brand or a product just because their favorite celebrity has promoted it and they think the celebrity uses it personally which isn't true. Most people, who are blind fans of some celebrities or influencers, don't know that the brands and products or anything that they promote isn't always what they use themselves but they are just paid to do that.

The same thing is for altcoins and cryptocurrencies, there are a lot of them created every week or every day, most of them don't even make it to the public, and some do make it through extensive advertisement, etc. However, as you said, they are not all good and one shouldn't believe in them just because they were mentioned or promoted by someone over the internet or TV.

[fzkto]

Agreed people should avoid taking advices from bloggers or YouTubers especially during this bullrun .Most claimed to know a lot about cryptocurrencies advising people to buy that and sell that resulting mostly into losses because they themselves are not expert themselves. Some even offer mentorships programs for such ,so people should take care to avoid been scammed during this bullish move in the market.

Since everyone is not experts in the market, we need to be careful how to take decisions in the market. There are things we need to do to keep making profits from the market. It is important for us to measure and examine the market before we invest in any crypto projects.
The market is full with scam projects and if we make the mistake of investing in one of them, that might lead to rug pull which we will longer be able to take our money from the project. Even selling it will be hard for us to do.

Extreme caution needs to be exercised when trading the markets, not only the amount of scams in this market is alarming, the whales can also manipulate the price of the most popular coins on the market, so if you are a trader that uses leverage then you could easily get a margin call if the whales manipulate the price to take the opposite direction and you are not using a stop loss, so before making a single trade we need to think about all the things that could go wrong so we are not surprised when they happen and we can take the appropriate action.

Because of all these risks associated with trading, the easiest solution is not to trade frequently on the spot and to hold your coins on your personal wallet instead of on the exchange. No manipulation or scam will affect you and your coins. And of course it should be a good project and not meme coins.

[odunybiz]

From past few weeks whenever I open any browser or social media all I could see is some random blogs and news about Altcoins which will have massive pump and which coins I have to invest.

Well as bloggers or vloggers thats precisely what they will do. But we have our option to check first what they are shilling. Its always our prerogative to follow or not those calls. We cant say they are wrong but surely they got some narrative for that speculations cause if not then they are just trying to pump their bags and exit as soon many people put up liquidity. Not all social blogfers are leeches some are literally good on providing information but of course we cant deny presence of garbage influencers too.

The thing is that we need to do our own verification first before believing any altcoin hype on social media, due diligence is very important before jumping to put money in any new projects. Some influencial people are paid by these fraudsters to promote their scam projects, and they greedily accept because they're well paid for the promotion, not knowing the true intentions of who hired them. This is why I'm never moved when I see celebrities advertising brands, because they're just business people that are paid to do a job, ignorant people will think that if this celebrity can advertise a product that means that it's genuine. When i see a new crypto coin being advertised, I take it on advisory level, because with my knowledge i know that most of them will end up shitcoins.

The example of celebrities promoting brands was so on point, a lot of people get crazy about a certain brand or a product just because their favorite celebrity has promoted it and they think the celebrity uses it personally which isn't true. Most people, who are blind fans of some celebrities or influencers, don't know that the brands and products or anything that they promote isn't always what they use themselves but they are just paid to do that.

The same thing is for altcoins and cryptocurrencies, there are a lot of them created every week or every day, most of them don't even make it to the public, and some do make it through extensive advertisement, etc. However, as you said, they are not all good and one shouldn't believe in them just because they were mentioned or promoted by someone over the internet or TV.

Blogger and celebrities are been paid when they are used to promote a token/coin. That means they are doing their jobs. Have once fallen into a scam because it's being promoted by a celebrity, although it isn't a crypto scam. So since then I never believe any blogger nor celebrity to invest. I will rather make my own research to invest.

[Sophokles]

Blogger and celebrities are been paid when they are used to promote a token/coin. That means they are doing their jobs. Have once fallen into a scam because it's being promoted by a celebrity, although it isn't a crypto scam. So since then I never believe any blogger nor celebrity to invest. I will rather make my own research to invest.

Those bloggers who are celebrities need to take responsibility if they are not mentioning that this is a sponsored video. In most cases these so called influencers promote the project in such a way that their followers think they are also investing in it. Those influencers also mentioned in their project that they are thinking about holding those projects for the long term when they haven't made any investment in them. Everybody doesn't have the knowledge to invest in crypto project so they follow some influencers they like so if those influencers giving financial suggestion to their community then they should have take the responsibility as well.

[odunybiz]

Blogger and celebrities are been paid when they are used to promote a token/coin. That means they are doing their jobs. Have once fallen into a scam because it's being promoted by a celebrity, although it isn't a crypto scam. So since then I never believe any blogger nor celebrity to invest. I will rather make my own research to invest.

Those bloggers who are celebrities need to take responsibility if they are not mentioning that this is a sponsored video. In most cases these so called influencers promote the project in such a way that their followers think they are also investing in it. Those influencers also mentioned in their project that they are thinking about holding those projects for the long term when they haven't made any investment in them. Everybody doesn't have the knowledge to invest in crypto project so they follow some influencers they like so if those influencers giving financial suggestion to their community then they should have take the responsibility as well.

That is why one should me mindful of whoever he/she follows online. You can never see me following anyone online no matter how popular you are. Any mistake I made base on what they promote, never count on them. Why will I be losing while they are making money.

[Sophokles]

Blogger and celebrities are been paid when they are used to promote a token/coin. That means they are doing their jobs. Have once fallen into a scam because it's being promoted by a celebrity, although it isn't a crypto scam. So since then I never believe any blogger nor celebrity to invest. I will rather make my own research to invest.

Those bloggers who are celebrities need to take responsibility if they are not mentioning that this is a sponsored video. In most cases these so called influencers promote the project in such a way that their followers think they are also investing in it. Those influencers also mentioned in their project that they are thinking about holding those projects for the long term when they haven't made any investment in them. Everybody doesn't have the knowledge to invest in crypto project so they follow some influencers they like so if those influencers giving financial suggestion to their community then they should have take the responsibility as well.

That is why one should me mindful of whoever he/she follows online. You can never see me following anyone online no matter how popular you are. Any mistake I made base on what they promote, never count on them. Why will I be losing while they are making money.

We also have to understand that people have different mindsets, and everybody is not willing to take on the responsibility of failure. So if the trade goes bad they simply accuse the influencers but if they make a profit from it they take credit for themselves by saying they made the right choice in time. This two-faced people are the ones who are most affected by these influencers. Influencers fasten our information-gathering ability but we should take our own decisions.

[shinratensei_]

Blogger and celebrities are been paid when they are used to promote a token/coin. That means they are doing their jobs. Have once fallen into a scam because it's being promoted by a celebrity, although it isn't a crypto scam. So since then I never believe any blogger nor celebrity to invest. I will rather make my own research to invest.

Those bloggers who are celebrities need to take responsibility if they are not mentioning that this is a sponsored video. In most cases these so called influencers promote the project in such a way that their followers think they are also investing in it. Those influencers also mentioned in their project that they are thinking about holding those projects for the long term when they haven't made any investment in them. Everybody doesn't have the knowledge to invest in crypto project so they follow some influencers they like so if those influencers giving financial suggestion to their community then they should have take the responsibility as well.

thats true, any sponsored video should also mention that they are sponsored so that people wouldn't get tricked after all its these kind of sponsored video disguising as some financial advice or some sort that truly make me wonder whether these influencers and celebrities are even know what they are talking about just going around recommending some obscure coin for the sake of personal benefit and when everyone losing their money these influencers and celebrities would suddenly vanish trying to get their hand clean from any upcoming problem.
there has been so many celebrities that are promoting some kind of scam and ponzi coin out there in the past and it seems there's no real punishment for them.
though I believe letting people understand to never get a financial advice from some stranger even if they are some celebs or influencer should take priority but sometime some people are just foolish.

[Silberman]

Extreme caution needs to be exercised when trading the markets, not only the amount of scams in this market is alarming, the whales can also manipulate the price of the most popular coins on the market, so if you are a trader that uses leverage then you could easily get a margin call if the whales manipulate the price to take the opposite direction and you are not using a stop loss, so before making a single trade we need to think about all the things that could go wrong so we are not surprised when they happen and we can take the appropriate action.

Because of all these risks associated with trading, the easiest solution is not to trade frequently on the spot and to hold your coins on your personal wallet instead of on the exchange. No manipulation or scam will affect you and your coins. And of course it should be a good project and not meme coins.

Without a doubt this is the easiest way to protect yourself from all of those risks, but traders on their quest to obtain more profits are not willing to take those precautions as this also means they will be unable to keep multiplying the size of their holdings anymore, so due to their greed they will keep taking those risks, and while the ones that are the most knowledgeable about the markets have nothing to fear, there are many traders out there which believe themselves to be better than what they are, and they will suffer high losses due to that mistaken image they have about themselves.

[Kelward]

It's very true that in cryptocurrency we should not copy everything we hear on social media, because we don't know from the background of where the information is coming from. There's almost no restrictions in social media, it's a free place where a carpenter can give advice on medicine and nothing happens to him for misleading others. So personally I take any news or information on social media, on advisory level, because among the garbage that can be said, I might still pick a point or two that'll be helpful to me. Besides it's not all the influencers on social media, that peddles fake news, some actually gives accurate predictions on good altcoins to look into, only that we all know that it should always come down to us to make the final decisions.

[Samlucky O]

It is definitely time to be more coautious than ever before. Especially This festive season. Slot of scam and hacks  has been recorded lately. And the causes of most of this is as a result of scammers becoming expert in cryptographic analysis or becoming crypto influencers by making people to fall into victim of investing in a wrong project.

Everyday new coin is flooding the crypto space and many investors have becomes perpetualy become poor due to information gotten from this so-called scam infliencers and most of the reasons why people always fall for this people is because of greed of trying to become rich over night where as those advertising this project as not as rich as you think. So we should be careful in listening to them because they don't have good purpose. 

[Ben Barubal]

  The term to be cautious is quite necessary here in the field of crypto space. Especially if you like to invest in crypto holdings because of the upcoming bull or halving.

  There is nothing wrong if we are cautious because of course we value every cent that is our capital, and we want to grow our capital by buying a crypto that we think has the capability to produce us earnings in the future.

[TimeTeller]

 The term to be cautious is quite necessary here in the field of crypto space. Especially if you like to invest in crypto holdings because of the upcoming bull or halving.

  There is nothing wrong if we are cautious because of course we value every cent that is our capital, and we want to grow our capital by buying a crypto that we think has the capability to produce us earnings in the future.

Those blogs or articles promoting a certain project for sure is getting paid.
Very rare that an article is not biased with their views as most even don't have the idea what they are saying.
Do remember, there are so many bounties for writing an article whenever a new project is launched.
So yeah, better be careful on these write-ups. They can easily have false claims in their articles.

[Bushdark]

Agreed people should avoid taking advices from bloggers or YouTubers especially during this bullrun .Most claimed to know a lot about cryptocurrencies advising people to buy that and sell that resulting mostly into losses because they themselves are not expert themselves. Some even offer mentorships programs for such ,so people should take care to avoid been scammed during this bullish move in the market.

There are some certain things we need to be cautious about especially when it comes to market decisions. We can make profits from the market if we make good decisions and it is not all about making good decisions, we also have to be time conscious because the market wait for no one. We can make profits from the market I'd we know how to take trade, understand the market and cast our trades. Those people that don't know how to trade and went to learn from people around who have knowledge about trading than those that never take any decisions.

[Silberman]

It's very true that in cryptocurrency we should not copy everything we hear on social media, because we don't know from the background of where the information is coming from. There's almost no restrictions in social media, it's a free place where a carpenter can give advice on medicine and nothing happens to him for misleading others. So personally I take any news or information on social media, on advisory level, because among the garbage that can be said, I might still pick a point or two that'll be helpful to me. Besides it's not all the influencers on social media, that peddles fake news, some actually gives accurate predictions on good altcoins to look into, only that we all know that it should always come down to us to make the final decisions.

But finding those that actually know what they are actually talking about is a very time consuming process, and if that was not enough in order to distinguish them you will need to know a lot about the markets already, and in many cases you would probably make do without their advice anyway, as whatever they say is something you could have thought on your own, making looking for good information on social media a waste of time for almost anyone that tries it.

[Y3shot]

Agreed people should avoid taking advices from bloggers or YouTubers especially during this bullrun .Most claimed to know a lot about cryptocurrencies advising people to buy that and sell that resulting mostly into losses because they themselves are not expert themselves. Some even offer mentorships programs for such ,so people should take care to avoid been scammed during this bullish move in the market.

The sad thing is that beginners will still fall for for the people who claim to be experts because all their interest is looking for a project that will generate money for them, beginner's are the target of this so called expert because they know what they want and already know what to tell them to capture them. But if people concentrate in making research by themselves to know what is best to accept I don't think people will easily fall into the hands of people claiming to be experts.

[Ngemmeng]

Agreed people should avoid taking advices from bloggers or YouTubers especially during this bullrun .Most claimed to know a lot about cryptocurrencies advising people to buy that and sell that resulting mostly into losses because they themselves are not expert themselves. Some even offer mentorships programs for such ,so people should take care to avoid been scammed during this bullish move in the market.

The sad thing is that beginners will still fall for for the people who claim to be experts because all their interest is looking for a project that will generate money for them, beginner's are the target of this so called expert because they know what they want and already know what to tell them to capture them. But if people concentrate in making research by themselves to know what is best to accept I don't think people will easily fall into the hands of people claiming to be experts.

and the problem is that if you do your own research, beginners tend to be unsure about the results of their own research. being a beginner is very difficult, when doing research they are not sure and if they follow an expert they are worried that the expert is collaborating with the project incorrectly. Therefore, everywhere I say, to minimize risks for beginners don't invest in new projects.

[Makus]

This is the more reason why we shouldn't trust anything we hear or see from the media. The world entirely if full or good and evil and there are lots of wolves in sheep clothing, inside the altcoins we hear and see, there are lots of scam project inside. So no matter the reputation of the person doing the ads the project can sill be a scam project. Some weeks back I saw a post in this board talking about Ronaldo being charged that he will pay  a huge some of money just for doing ads on the wrong NFT. But when you do your own research, you stand a better chance of identifying a scam project.