Quote from: gunhell16 on May 21, 2025, 04:47:37 PM

Quote from: Ethan_Crypto on May 20, 2025, 07:48:47 PM

I was in a Twitter Space today, listening to a very experienced trader. He confidently told everyone to short Bitcoin and altcoins, predicting that BTC was going to drop into the 90K range and that altcoins would dump hard.

Now, as we approach the end of the day, Bitcoin is pumping already trading above $96K. At this point, it’s likely that his stop-loss was hit, or worse, he got liquidated.

It makes me wonder: how do even seasoned traders still get it wrong on intraday moves?

Let me know your thoughts.

You know, not everyone who speaks on social media platforms should be believed immediately, we should also look at what is really happening in the market, because most of it is also misleading.

that's why we still do our research first before interpreting what others say, we should have what is called self-reflection to see if there is truth to what we hear on social media apps because most of the time in this field it is always just media hype.

Exactly. Most especially in this present time where everyone wants to be famous in social media, even if it’s just made to hype, people will immediately believe as if they trusted easily the minds of strangers. In the end, everyone fall as a victim with a misleading information.

Research is always the key to verify any information whether it’s true or false. We aren’t made just only to believe, but we need to also seek things on our own whether those said things are true or just intentional lies just to create a hype.