When Experts Get It Wrong: A Lesson from Today’s BTC Pump

[hero_the_bossman]

Just because the guy is proven wrong doesn't mean he wont't be right later. And just because others are right now doesn't mean they won't be wrong later.

Experts are not supposed to get it right, they are supposed to know the risks and probabilities of getting a call and supposed to get it right more often than wrong, thats all.

But you already knew that experts given the headlines aren't how you should be trading right?

Headlines and news are usually a buzz - we should consider what they say, but never follow what is said by them, especially when the rally starts pumping / dumping hard.

[freedomgo]

This is a game of speculation, so expect that there’ll be those who will hit it, while others end up committing mistakes. And that’s fine, trading experts do not know everything yet, but they’re much better than those who are just trying to trick the market.

So stop entertaining thoughts like this. All traders may harness their experience and establish their skills and strategies, but they will never come into perfection, remember that.

Of course, it’s just a game we just need to play it right. We usually fall into FUD or FOMO when we lack knowledge, because instead of using our mind, we let emotions take over when trading.

But looking at the current market, it’s actually very positive. Bitcoin already broke its previous ATH, and now it’s just pulling back a bit. For me, that’s a sign of strong bull momentum building up.

So let’s just be patient and wait for it to play out. I’m no expert, but I get it right sometimes.

[FortuneFollower]

Of course, it’s just a game we just need to play it right. We usually fall into FUD or FOMO when we lack knowledge, because instead of using our mind, we let emotions take over when trading.

But looking at the current market, it’s actually very positive. Bitcoin already broke its previous ATH, and now it’s just pulling back a bit. For me, that’s a sign of strong bull momentum building up.

So let’s just be patient and wait for it to play out. I’m no expert, but I get it right sometimes.

Not anymore, because the new things Trump did toward the broader market changed the price and confidence of the investors yet again.

Let's see where this goes

[GiftedMAN]

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.

This is why we don't have to depend on speculators before we trade or invest in cryptocurrency. Predicting the crypto market is all about experience and market analysis. You don't have to depend on these social media analysts since they can easily deceive their followers and act against the predictions given to them. Trading is so it yourself not depending on others to do the analysis for your before you can trade or invest in cryptocurrency.

[tygeade]

This is a game of speculation, so expect that there’ll be those who will hit it, while others end up committing mistakes. And that’s fine, trading experts do not know everything yet, but they’re much better than those who are just trying to trick the market.

So stop entertaining thoughts like this. All traders may harness their experience and establish their skills and strategies, but they will never come into perfection, remember that.

Of course, it’s just a game we just need to play it right. We usually fall into FUD or FOMO when we lack knowledge, because instead of using our mind, we let emotions take over when trading.

But looking at the current market, it’s actually very positive. Bitcoin already broke its previous ATH, and now it’s just pulling back a bit. For me, that’s a sign of strong bull momentum building up.

So let’s just be patient and wait for it to play out. I’m no expert, but I get it right sometimes.

When you let your emotions run the whole thing, you are not going to get a good result. People who are newbies more prone to this (depends on the characteristic of a person too) and they usually end up making moves based on their emotions. When they make a big move, that should be the most important part.

If you keep your cool and not make emotional moves, then you can check the technical analysis and make your trades based on that and you could get a greater return. Of course it is not that difficult, but you can definitely get a greater return. So, be sure that you could have a great return and be sure that you make as much money as you can, it would allow you to get a good return on whatever you can do and not be worried. It's hard, but it's possible.

[Finestream]

Are these seasoned traders excused from losses? Obviously, they’re not. All traders are bound to make mistakes and lose their trades, even those highly professionals or experts when it comes to trading.

So you can’t say that their moves are always right, they aren’t human at all if they’re not exposed to wrong moves and lose in the market. They can maximize their profits when trading, but they can’t turn all their trades into being successful and profitable, that’s the nature of traders.

[Mpamaegbu]

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.

Twitter people should find a way to check on that dude to find out if he's still breathing real hard or it's now normalized 😏

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

Let me know your thoughts.

Like Mike Tyson said in one of his interviews that he wasn't a legend that that word was wrongly applied (I'm trying to paraphrase him here as I can't remember exactly how he put it.) It's the same way I don't feel comfortable using "an expert" for anyone in this space. Reason being that this is a highly speculative industry. We, at best, can say someone is a profitable trader; not expert trader. Every trader has their "off point" moment where they also hit losses.

That Twitter dude should've added a caveat to his prediction and not be arrogant by telling people with confidence to short the market. Anything can happen in this market within hours. Manipulations can't be ruled out.

[Lanatsa]

This is a game of speculation, so expect that there’ll be those who will hit it, while others end up committing mistakes. And that’s fine, trading experts do not know everything yet, but they’re much better than those who are just trying to trick the market.

So stop entertaining thoughts like this. All traders may harness their experience and establish their skills and strategies, but they will never come into perfection, remember that.

Of course, it’s just a game we just need to play it right. We usually fall into FUD or FOMO when we lack knowledge, because instead of using our mind, we let emotions take over when trading.

But looking at the current market, it’s actually very positive. Bitcoin already broke its previous ATH, and now it’s just pulling back a bit. For me, that’s a sign of strong bull momentum building up.

So let’s just be patient and wait for it to play out. I’m no expert, but I get it right sometimes.

When you let your emotions run the whole thing, you are not going to get a good result. People who are newbies more prone to this (depends on the characteristic of a person too) and they usually end up making moves based on their emotions. When they make a big move, that should be the most important part.

If you keep your cool and not make emotional moves, then you can check the technical analysis and make your trades based on that and you could get a greater return. Of course it is not that difficult, but you can definitely get a greater return. So, be sure that you could have a great return and be sure that you make as much money as you can, it would allow you to get a good return on whatever you can do and not be worried. It's hard, but it's possible.

Dealing up with a market on which is that very volatile then you should make yourself that at least emotionally stable. Yes, is not that easy but it isnt that impossible You are the ones will be trying out to adjust accordingly on which basing up into the things that you are currently dealing on with. Trading is a probability game but it doesnt mean that you would be treating it to be a gambling on which some people do it on that kind of approach on which this isnt that recommended at all. Make it sure that once you have stepped your foot into this market then its always been best that you should be sensible on what are the things that happens around so that you do have the idea on what you should gonna do. Speaking about emotions then its normal since we are just that humans and those reactions are inevitable, it do only happens that on the moment that you do make yourself having no control with it then this is where disaster happens. With experience then you would be finding yourself be able to adjust those common mistakes.

Whether you are an old timer or veteran into this market but it doesnt mean that you are that exempted when it comes to mistakes and errors. We do know that this market is unpredictable in the first place on which not all those analysis that you had made would be on spot on. There are tons of factors on which it would be affecting out overall of those predictions that you had made on which it could cause up whether you would be that ending up on having a profitable trade or ended up on missing out the opportunity or even losing up your trade. This is why its better to be that totally independent rather than on making yourself that being too mindful on hearing up with those experts been saying. Somewhat its not bad to consider on looking up their analysis on which its up to you whether you do take it or not or making up some additional from your own analysis on which this is where you do made out some decisions on what action you would be making on.

[Ziskinberg]

Usually experts analyse some charts and history according to their experience. Sometimes they become true; it doesn't mean they always will be true. Instead of following them blindly, you can get experience from them. I don't bid based on experts' predictions; rather, I follow a couple of experts and learn from them what the next move would be.

I don't bid according to them; I trade according to my own opinion. If you bid according to experts, then most likely you will regret most of the time. I have seen most predictions are false. I follow them just to get quick notifications for the market updates. However, even your decision would be wrong in crypto, but when you decide yourself, at least you don't need to blame experts. You can explain yourself; it was your decision.

No matter how good or experts they are, we shouldn’t rely on them for decisions making. We can follow them, but should never imitate how they play their games, right? Otherwise, what we have, our knowledge, skills and gained experiences will be put into waste if we keep prioritizing them when we analyze the market.

[lexinexi]

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.

I have coinbase in the US and it allows me to do 1000$ in futures but if I screw that up dont i owe coin base?

[$weetne$$]

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?

Some people claiming to be traders are not who they claim to be because they do not know anything about the market but are just acting as if they can make accurate predictions. This is not the first time that an influencer trader will be wrong. Many of them are always wrong because they make their predictions with emotions as they are also investing in altcoins and want it to do well, that is why they keep on hyping altcoins but they know that altcoins do not have the momentum yet to start raising. It is not yet time for altcoins, what we should be expecting more is Bitcoin steady growth to higher prices and then altcoins recovery will follow. Do not b suprise when they make this wrong calls, they are no expert to begin with.

[harapan]

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.

They will always get it wrong in most cases, this is because life is unpredictable and things as this can change at any point in time, so after the so called predictions there would be an alteration of the results thereby leading to a constant change.and it's so surprisingly how this things works that an expert prediction will seem as false that's why it's not advisable to hold onto their decisions.