Post
Topic
Board Trading Discussion
Re: Do you follow trading advice from crypto influencers?
by
peter.from.penn
on 02/03/2018, 02:47:39 UTC
I think that the cryptocurrency market us unique, because many investors don't understand blockchain technology.  So they rely upon experts on YouTube, Twitter, and Telegram for information, analysis, and advice.  As a result, we have the phenomenon of crypto influencers.  Some are reputable, like Carter Thomas of Coin Mastery, but others are not.  What's your opinion on Crypto influencers?  Are they good for this market and the cryptocurrency movement?  Do you take advice from them?  And who's good to follow?
Its good to hear analysis from other people sometimes but self analysis and research is still best way to survive in this kind of ecosystem. We know in crypto world a lot of self proclaim experts emerge strong some are reputable but a lot are fakes and just creating hypes over crypto that they are into. So its better to have self analysis than following someones tactics.
Agree, and other opinions could be biased. No matter how reputable and experience a person is, when it comes to the investment we better to use our own knowledge. But I'm sure most of the expert analysis is worth to consider as a comparison since it could give us a valuable insight. I mean is, just take the piece of advice that expert gives to make us to deeply more research and analysis the cryptocurrency.

I agree that advice from knowledgeable influencers can provide a starting point for deeper research.  And when it comes to research, I think that people need to understand blockchain technology.  There are many projects with use cases that are not realistic, and we need to be able to recognize them.