Don't Listen To Opinions of Ordinary Guys in Cryptocurrency

[TomPluz]

I just made a mistake of listening to the opinions of ordinary guys like you and me and this is now costing me money. I converted my holdings to USDT thinking that the dip can go deeper. Alas, the day after I saw that the market made a strong recovery, and it is now back to its former prices. This is clearly a big definition of "weak hands" and I am suffering the consequences of making a wrong choice.

A big lesson that we should be learning here in the world of cryptocurrency...better listen to people that has consistent records of spewing out good advices and not people who are just expressing their own baseless opinions.

[yurez]

I just made a mistake of listening to the opinions of ordinary guys like you and me and this is now costing me money. I converted my holdings to USDT thinking that the dip can go deeper. Alas, the day after I saw that the market made a strong recovery, and it is now back to its former prices. This is clearly a big definition of "weak hands" and I am suffering the consequences of making a wrong choice.

A big lesson that we should be learning here in the world of cryptocurrency...better listen to people that has consistent records of spewing out good advices and not people who are just expressing their own baseless opinions.

Everyone has their own vision of the situation on the crypto market and their own technical or fundamental analysis, so we can see a lot of different opinions.  As a rule, most people make mistakes on short-term forecasts. In your case, the exit to USDT is a good option, now you can safely watch the market and look for a profitable new entry point.

[nicecrypto]

This is clearly a big definition of "weak hands" and I am suffering the consequences of making a wrong choice.

This is not just only as problem of week hands also maybe confidence cos this happened to my on BNB trade yesterday. I sold my BNB HODLings at the circled point yesterday thinking that the price will continue to dip since I was going to bed but to later get up late in the night to discover that it reversed and went way higher as seen here.



It is about how much risk you are willing to take because if i have taken that risk yesterday, i would have won big when I got up before it came back down. This will happen once in a while cos we cant catch it all i guess and lucky you sold to USDT  and so did I, so now we have to re-strategize

[Delgboke]

They said experience is the best teacher, is actually good to take crypto and investment advice from people who are already have knowledge in cryptocurrency market not people who have no knowledge about crypto investment or trading,but some times is also good to advice yourselves before going into any crypto buying or investment.

[trauchot]

Everyone should decide by himself what to do with his investments in the cryptocurrency sphere and of course you shouldn't listen to anyone, because you may be advised to something incomprehensible and therefore always decide by yourself when to buy cryptocurrencies or when to sell them and of course watch the cryptocurrency market and study it by yourself to know how the cryptocurrency market works.

[Jaephoenix]

No one has the ultimate or deep knowledge in crypto. No one. Not even the best Youtubers out there. Your kind of mistake has been committed by anyone here, if he/she is honest enough. So man/woman up, take a deep breath and go again. Good luck

[youdacapt]

Don't listen to any opinion at all; instead, you should compare peoples suggestion with your own line of thoughts and see if you are in the same wave lenght with the supposed individual; if not; you can forge ahead; or perhaps learn and take in some tips too; nobody is an island of knowledge. and in crypto currency; you learn daily

[Thymoty]

The bottom line in investing is patience and confidence. If we are confident and patient with our actions, then in the end our patience will pay off.

[Freemind]

I like to hear the opinions of others, but I will never do what others say, that is the worst thing to do when we talk about trading or our money. We always have to make our own decisions, so only we will be responsible for our gains or losses, and if we have to blame someone, we will only be ourselves.

[Anonylz]

Listening to Advises are usually not a bad thing but we ought to have our own opinion in mind so that when you seek some ones advise, you are able to compare with what thoughts you already have in your head to see if you are on the right track however, we can still make one or two mistake by thinking, yes this advise is good to take and you take it but ends up wrong.
All the same, good thing is you have you assets in USDT and not in some coins that also lost value.   

[Fenix]

You need to listen to the opinions of other people, it never hurts. However, you always need to form your own opinion and be responsible for making your own decisions. We will always make mistakes when working with cryptocurrency, no matter who we listen to and no matter what decisions we make. You just need to take it more lightly and move on. Even if we or others have a lot of experience, mistakes will be inevitable, because the cryptocurrency market is largely unpredictable.

[Crypto Guard]

If you really want to learn in earnest then it's best not to come from unclear sources, let alone just an opinion. This is a big mistake, learn preferably from the official website, or from real experts.

[zilzylian]

The situation of the crypto market is very difficult to predict.
I will not sell the coins I bought for USD and then convert them back into USD.

As an investor, everyone will risk such a big loss, but when the market is experiencing a correction, I will look for some accurate information, why the market can go down.

In fact, the crypto market has gone down because new investors are having a little panic, no negative news about Bitcoin and cryptocurrency, which is why I am still holding onto some of my coins last week until now.

[Master107]

Opinion is good but your decision is the sweeter to your wallet.  We will learn from other opinion but we must become vigilant applying some.

[trofim21]

the cryptocurrency market is very young, and in my opinion you cannot listen to people even experienced in trading, because no one can know what will happen to the crypto next