Quote from: mvdheuvel1983 on August 11, 2024, 05:26:34 PM

Quote from: Bushdark on March 09, 2024, 11:59:22 PM

Quote from: glendall on March 09, 2024, 02:37:04 PM

Quote from: GlacierBIT on February 12, 2024, 09:28:01 AM

The best expert will always be you yourself, your own experience in trading cryptocurrencies will open up all the opportunities for you to earn money. In the cryptocurrency market with a complex and unstable system, there will always be pseudo-experts who can only ruin your impression, it is their job to impose their opinion, you should not encourage their activities, real market experts do not behave like that and do not waste time on this.

This is where we as individuals must have firmness in making decisions, we can receive references from wherever we are but do not have to be applied in the final decision I think, so in my opinion I agree with your statement. The best expert will always be yourself. So why waste time hearing the words of experts suddenly when the market is up, and disappear when the market is down

It is good we don't always depend on social media and influencers for all information we need about the market.
We need to be an expect in anything we are doing so that people will be proud of us seeking information from us..
We need to be ourselves own experts so we can make decisions because in what we have seen and studied.
It is good for us to keep learning so that we are not going to lose our ways at the time when we are supposed to be shining.

Social media is full of lies and the influencers only take advantage of the opportunity they have as celebrities to take good about what they are paid to promote so it is very important not to take any advice concerning the crypto market from anyone on social media cause they may not talk the exact truth because they don't even know. Having a personal research on everything that has to do with informations about the market and taking our personal decisions after much research will help in a long way. Getting more information from any knowledgeable person with good proves is not a bad idea but the conclusion should be based on the investors decision not the decision of an expert.

Nowadays scammers are using AI to do things in such a way that people are getting scammed. By the use of AI it is difficult for people to observe what is true and what is false. Anyone who creates fake videos and is reaching people through social media. People are easily deceived by watching those video images. Its influence has increased in recent times on social media. People of any age are lured by scammers. But there is no other way to get rid of this condition except to attain awareness. If any financial advice comes on social media, it is a good to avoid it without any delay.

In the case of investment, an investor can make a decision by doing adequate research which will help to keep his investment safe but if the decision is taken depending on the information obtained from the social media, the chances of losing money will increase.