I have seen many crypto prophets lately who claim to know the direction of the market. They have copied news, stories and insights. You may follow them but don't do directly what they say. #Doyourownresearch
I think most of them if not all, are paid to spread the stories. These stories create false hope or panic causing the mass to trade in their favour or to those who sponsor them.
Before you trade any news, remember that it is past information. Some people got hold of it days or hours before you do. The people who get such insights have big pockets. They will pay top notch influencers to misinform you and me. Just Do Your Own Research.
If the real information would result to bullish, they will spread negative news of the market collapsing so that those holding can sell. Remember there are no bulls without the bears. For the market to rise there must exist both buyers and a sellers (Liquidity)
Think about that.
Happy Crypto Trading.
