He never missed a single post from his favorite crypto analyst.
Every signal, Every “strong buy.”, Every “this is the breakout.”
And at first… it worked. The first trade made 30%. The second doubled. The third pumped even harder.
He stopped questioning, he stopped researching, he stopped thinking.
Why? Because confidence feels like intelligence when you’re winning.
Then one day, the analyst posted:
“Massive move coming on $BTC . This is the opportunity.”
At the same time, he mentioned a “hidden gem” building on $BNB .
No research, no chart check, no macro analysis, no risk management. He went all in. Then that same week, bitcoin dropped sharply. Speculation around the Fed’s next rate decision created uncertainty. Liquidity was swept. Altcoins followed $ETH down.
His portfolio? Almost wiped. The analyst moved on to the next trade.
He was left with the loss.
The Real Problem
The mistake wasn’t following an analyst. The mistake was outsourcing responsibility. In crypto, analysts share opinions, not guarantees. Even the best traders are wrong sometimes. Markets don’t reward loyalty. They reward discipline.
Blind trust creates:
Authority bias
Herd mentality
Emotional trading
Overconfidence after small wins
And that combination is dangerous.
2. The Real Lesson
Before doing any trade, ask yourself a few non-negotiable questions:
● What is the thesis? : Is this a technical breakout, a fundamental catalyst, or pure speculation?
● What invalidates the trade?: Where is the level that proves you were wrong?
● What is my risk?: Never risk more than a percentage you can emotionally and financially tolerate losing.
● Does it fit my strategy?: A good trade for someone else might be a bad trade for your portfolio.
● What is happening in macro?: Interest rates, liquidity conditions, and market sentiment often overpower individual setups.
Doing your own research doesn’t mean ignoring analysts, it means using them as sources, not substitutes for thinking. Add to these questions above, you must have these healthy habits:
Cross-checking information from multiple sources
Reviewing charts yourself
Studying tokenomics and unlock schedules
Tracking whale movements and on-chain behavior
Manage your risk.
Because when the market crashes, no influencer refunds your capital.