RE: Social Media Trading Analysts Are Likely Mostly Doing a Disservice to the Blockchain Community
I agree with you. While people might mean well, the reality is that they are hurting the market and other Blockchain users by saying things without caring. I find it irresponsible, specially because so many people believe cryptocurrencies are a fountain of magical money with no logic whatsoever. They tend to follow these bits of advice, to speak ill of crypto when it doesn't go as this or that social media guru told them.
In my (albeit limited) understanding, to succeed in trading, you must learn to have your own opinion, and above all, be able to identify when someone is just saying uneducated guesses to make some noise. Thank you for this post, it's a simple but effective way to say "Refrain from hurting the cripto world for the sake of likes, thank you!".
-A.
Agreed. And in some cases it is done for payments that accrue for postings on social media from the hapless followers who like, share or upvote the vapid prognostications.
Thanks kenraphael for this post.
I have analysed and stretched it many times, and i see that it isn't just about ignorance on the part of the newbies. It is only an act of taking advantage of their avariciousness.
We all have a measure of avarice in our bloodstreams. But when avarice meets with staunch ignorance, a very gullible baby monster is born.
So, these anaylist are only pressing people's avarice buttons.
It's really sad to see people taking advantage of the lack of knowledge of others. In certain communities I've seen something really sad: people requesting payments for "advanced predictions". And that's just a sick way of playing up with newbies' investments. I've seen so many complains about this that I'm still amazed as to how people keep falling into those traps. It's a real shame.
-A.
Wow. Really?😲