Post
Topic
Board Trading Discussion
Re: Must we always Preach about Bull Markets?
by
SkustaClee
on 18/01/2019, 12:25:15 UTC
ever since we experienced the Huge bull Market of December 2017/ January 2018. it has been waves and waves of a crypto bull market predictions by our professionals Here and there. even bloggers, you-tube channels and so on but yet, the reverse has been the case. the bitcoin market slump from 19k to 3.5k.
Totally an abysmal failure. if this business was organised and managed by a centralized body, i felt that it would has SHUT Down.  Billions was lost to scams and to some fast and sharp traders. 
Therefore,i will suggest for friends and Newbies here THAT Are yet to Master this Market to stay away from predictions because you will sincerely burn. you will definitely loose your Money.  Please Be smart, stay safe. Enjoy your Money while you have it.  Cool.

Stay away from Youtube channels and be very wary of the opinions of "professionals" and "experts." You can't depend on their predictions. Often times, these people are just trying to sell you snake oil. Other times, they get caught up in the hype, just like everyone else.

When it comes to investments, you need to do your own due diligence. You need to analyze the fundamentals like utility, future utility, supply/demand, emission rate, etc. Then learning TA can help, so you can optimize your entries and avoid long drawdown periods like 2018.

Any experienced trader could have told you that late 2017 and early 2018 were very dangerous times to buy into crypto.
Do not believe to the people who called them expert and always giving predictions to their audiences. It is true that no one can see the future and the best way to avoid losses is we should not believe to the rumors and other predictions that are keep spreading in the market because most of it are not reliable information.