Is it risky to invest in cryptocurrencies based on what you read in the news?

[lonewolf 47]

yeah dont invest based on what you just read in the news, remember there are false news too, its more advisable you do lots of research and read around before you make any move to invest

 

[Sykkuno 2887]

I think it depends on the phase of the market, but many times news have helped cryptocurrency prices rise a lot, as it happened with Ripple, Stellar, EOS and of course with Tron. But if the whole market is going down news will not help.

[Onden 2098]

I think it's common, many of us invest just because we hear the news that a certain crypto will go up because companies want to adopt it. In my opinion, sometimes the news leads us to mistakes, it's better to use predictions so that when investing is not sorry. Because in my opinion the predictions are more reliable.

[cryptolover45 1187]

Hey mate, you are right this is risky to invest money at cryptocurrency reading about crypto news, so first we have to analysis the coin than we can invest our coin those coin, although trading is risky but we must start trading because trading is the only way to get profit in the cryptocurrency.

[Mir Hamza 2888]

Some people trade in cryptocurrency in such a way that as they read other known newspapers, like this when they read in the news paper that they must have read about the value of a cryptocurrency In this way, when these people read about the currencies of any one or the other, then they will invest in it. It is a very good thing that you read the news paper, in this way you get a lot of information by reading the newspaper. But you do not want to invest in it by reading the news paper and reading the price of crypto currency there. You should not do this at all. You should you take complete information about any account on which you want to invest.

[Edwinvicky 819]

It depends how the community large, i like to study coins before investing, if the community is very strong and the coin is listed on some big exchange then it's fine to invest in.

[annayks 2314]

I think that only reading the news is very risky because a project might have just paid for an article to be made and making the project look very good while price is already too high and they use this to sell as much as possible. It can create pressure in price and can become an investment that will lose a lot. As happened with Chainlink lately it is down 50% from the top now. Imagine investing when it was all in the news about this project.

[percare 3192]

Sometimes when the news are really important it is risky not to read them carefully and take then the correct decision. Some things like Paypal and Microstrategy as well as news coming from Grayscale are really important for Bitcoin and these news take some time to affect the price.

[kizz 3370]

Yeah I think it is risky because before you invest you need to have a bunch of research from a legitimate source and people who has a deep background and experiences when it comes to crypto. There are many fake news out there about crypto so beware about that. Be wise all the time when it comes to investing.

[Teminali69 1081]

On 10/18/2020 at 2:30 AM, lonewolf said:

yeah dont invest based on what you just read in the news, remember there are false news too, its more advisable you do lots of research and read around before you make any move to invest

 

I do not think it is much of a bad idea investing in coins depending on what we read on news, but i would say that not all knew are right, as you said researching is wise. Thing is i have been a good follower of news and i have put so many investments depending on news with success.

[Goyaa 2414]

Yes, I have invested in coins based on the news and it really costs me my money, so it's better to use predictions when wanting to invest in coins. News will only hurt, because it's like an opinion poll.

[Zeshan Khalid 2577]

There is a risk involved in all types of investment whether its crypto or fiat. But risk in crypto is mostly associated with its high volatility. And due to its online presence only, it also attracts hackers.

[duncun007 3577]

On 11/4/2020 at 7:25 AM, Onden said:

I think it's common, many of us invest just because we hear the news that a certain crypto will go up because companies want to adopt it. In my opinion, sometimes the news leads us to mistakes, it's better to use predictions so that when investing is not sorry. Because in my opinion the predictions are more reliable.

predictions are not more reliable actually, because everyone can make predictions based on his view on the current market. you need to focus more on the coin itself and the roadmap they are working on achieving. 

[wassim19 645]

Of course, the news is an important element for every trader that allows you to learn about any currency and know if this is a strong currency and has good news and partnerships so news is one of the most important elements for a trader

[Jromz 2158]

I do not normally base on fundamental analysis (news and facts about an asset) for buying/selling cryptocurrencies. Somehow, I believe news in this world are not much reliable and in occasions misleading. Yet, in my short experience in this crypto world,  I have noticed that some people are able to make some profit by buying a crypto when rumors exist that it is going to be listed in a major exchange, and the selling it when the the rumor is confirmed in official news, and the price usually pumps heavily. 

[Biojay 2080]

It is risk and it is not, because it depends on where you read the news from, with the little experience I have, I think it is not risk in some aspects, because if you read from a site that are well known and make more research on it, it won't be of high risk.

[zhoutong 2188]

News are also important but we need to follow the news that mean a lot. Usually people invest before the news and are buying rumours and waiting for news to appear to sell. But the fact is that news like PayPal are something that nobody is selling as it will be a mistake since it is a service used by hundred of millions that can now easily buy Bitcoin.

[Bond07 166]

Yeah it is very risky but we can not neglect those news also. As a crypto lover, I always keep my eyes on official crypto channels. I only trust the official news from the main page of a project. It sometimes carry a bag of profit for me hihi.

[Captin 0]

In fact, following the news directly affects the market, as when we read the news of the increase in the price of a certain currency soon, we will all buy it and this will lead to an increase in the demand for it and thus its price increase, meaning that the news that was published is the one who raised it

[VijithaVarghese 1994]

I think everything thing superior has some risks anyway. So I would suggest you to invest in real coins starting with less. So that loss can be much less and won't be that bad. There are lots of scammers so don't fall for it . Good luck friends.

[khan22 3478]

All the crypto business is risky but i think we just need to invest in the old coins becasue the old coins project are good and that can give us good profit in the market and that coins are not scam and that make high at the bull time.

[Gluttony 1775]

Honestly, I would think that news are the most reliable source that you could ever find actually as they serve you the latest current events about the certain topic they are willing to focus into. But the investment part is where you as a user and owner of the assets and your account. It would be better to actually just do it on your own. It would not hurt if you actually search for some knowledge about it and expand what you have already known about the topic. In this way, by doing it yourself, you are now able to avoid getting them into your head in which case would be helpful in order to make a clear decision about the situation you are already in.

[JesusFries 1958]

I believe that news and price predictions has a great effect in our decision making whether we invest or not with a certain cryptocurrency. Personally, I prefer reading the current news and trends in the market and the different articles about the token I am interested with. Also, I always take note of the price predictions by the experts about that certain currency. 

[Shaheer16 908]

On 1/22/2020 at 2:42 PM, Brushless4500KV said:

Some people only read price predictions when they want to invest in a particular coin. This is a common method but news is also a very important source of gathering information about the future of crypto coins. For example, sometimes you read in the news that a certain finance or a big company have plans to start a project for a particular coin. This kind of news often leads to the increase in value but the effect could be anything. Have you ever invested in any coins based on cryptocurrency news?

Which one do you think is more reliable as the basis for investment, news or price predictions?

 

I have invested in a coin by just reading news, that doesn't go wrong for me. Or if source of news are multiple then there is a less chance of the news that it was wrong. 

But we also have our own knowledge about cryptocurrency, i am still learning these types of things in crypto trading, that how to properly analyse a coin for investment. 

[Binfahd 291]

Yes I think it a bit risky, not all new channel are legit, some make pass some misinformation about what really is happening, and if they pass untrue information and one works with it, someone can easy loose everything , after the news it best we make confirmations