Deciphering Crypto Insights: Can Analysts Be Trusted?

[Lily]

When diving into the complex world of crypto, finding reliable sources for information becomes crucial. Personally, I prefer turning to YouTube for insights, following creators like Crypto Bureau's Guy, who consistently delivers accurate analyses. Additionally, staying updated with crypto news platforms such as Coin Desk, Coin Telegraph, Decrypt, and mainstream media like Entrepreneur and Forbes broadens my perspective. While consuming content on market trends and new projects, I steer clear of price predictions, understanding the unpredictability of the crypto market. For instance, a company forecasting Cardano's price at $3 by the end of 2022 revised it to 68 cents, projecting a $3 value by 2025.

 

[Heatman]

When it comes to cryptocurrency trading, analysis is everything. There are so many ways to analyse cryptocurrency market but it's price reaction that I use most of the time for my cryptocurrency analysis. When you understand what price is doing, you can know exactly when to trade, your POI, TP and SL.

 

[Riberet19]

Analysts can serve as a reference, but never as the main point of your action, you must do your own analysis as well, and that is the most important thing, if you do not have your own judgment, in the end you will end up paying the consequences, hence the famous phrase, do your own research

 

[Henrywrites]

It is not easy to trust analysts when it comes to making a decision, but I have had situations where I trusted, and it went well. It is all about doing your own research before deciding to back your decision up with what an analyst said.

 

[Heatman]

If it is very difficult for you to source materials to study about cryptocurrency on your own in order to understand it very well before investing your money in anyone or start trading, it is going to be in your best interest for you to follow experts and professional who already are well set up in cryptocurrency knowledge so that you will learn from what they have to teach you.

There is a guy I used to follow on YouTube, his name is ICT. He knows virtually every thing about the system of cryptocurrency, he's a wizard.