However, when trading coins, don’t just look at the news; in fact, looking at the news is worse than just looking at K-line charts.
Why is that?
Listen to the famous KOL in the Chinese cryptocurrency circle, Tiafiro's quotes:
Tiafiro is a well-known trader and YouTuber, known as the number one trader in the Chinese cryptocurrency circle.
A top KOL aggregator in the cryptocurrency circle, the most useful, comprehensive, and timely aggregator, gathering paid community content from more than thirty cryptocurrency KOLs, essential for advancing in the cryptocurrency space.
Tiafiro: The reason for investing in the cryptocurrency circle is to watch less news.
1. A large amount of cryptocurrency news is written by project parties who pay for the articles, promoting only a few coins. There are eight hundred positive news pieces every day, but the prices don't really go up. Are you sure that the cryptocurrency news you see is real news and not just advertisements?
There are no highly credible media organizations in the cryptocurrency circle, CoinDesk and ChainNews are barely adequate.
2. Not only is there no ability to spread real news, but there is also a large amount of self-media deliberately fabricating fake news for clicks. The more diligently they update, the more fake news is produced.
There isn't a credible organization coming out to refute rumors.
3. Even if what you have access to is real news, everyone's time for gathering information is limited, and you may only obtain partial information, like a blind person touching an elephant, leading to bias.
Moreover, the rise in coin prices, like stock prices, relies on collective consensus. You cannot perceive collective consensus from the news. If you coincidentally read a certain news piece,
and you rush in to buy, there may be no one to take over your position. 4. Many news pieces come out after the K-line has already predicted it in advance. For example, hours before a government ban is issued, the K-line has already shown a certain trend. It is clear that insiders have already started to act.
After large investors accumulate, they release news to drive up coin prices. Experienced technical analysts can spot clues immediately and follow the investors to buy at the lowest price, waiting for the news to drive up prices.
The same goes for declines; bad news is usually released after a long period of gradual decline.
Why does gradual decline happen?
Because well-informed investors have already quietly sold off their holdings, and only after they finish selling will bad news be allowed to be released.
There are very skilled people who can cleverly distinguish between true and false news, with a keen sense. I do not possess such abilities and find it hard to learn, so I can only focus on K-line patterns and indicators.
Finally, everyone must approach investment rationally. Don't put all your life savings into this murky water when you are only half-understanding.
I have seen too many people think they understand and then rush in without considering the risks. In the end, the market will educate you! I may be speaking harshly, but these are my invaluable experiences from the past few years!
Capital first, risk second, profit third!
Patience, thinking, execution, and self-discipline—these will all become essential qualities on your path to success!
The key point is:
Become my fan to find me, I will safeguard your journey.
Next, I will guide my fans to layout several divine comments in the comment area, leave a message 168!!1
Stop being a headless fly buzzing around. If you don't want to invest in Bitcoin and want to rely on altcoins for a big return, but don't know which coin to buy, observe the main ones and follow my layout for the entire bull market!!!
#XRP市场价格动向
