Post
Topic
Board Trading Discussion
Re: Do you follow trading advice from crypto influencers?
by
Wilsonong222
on 25/05/2018, 09:24:47 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?

Following the trading advice by crypto influencers exposes you to a lot of trouble. The logical thing you might do is to only make it a basis for your initial strategy but never make those advices as your main factors for decision on trading. The danger on that influencer is we don’t know who is really saying the truth and not so it’s better to trust your own analysis.