Why not to trust crypto influencers - an example of Ben Cowen

When you look at recent Ben Cowen videos you might get an impression that the guy has been nailing every BTC move so far. Just a little research reveals the true nature of an average crypto influencer...

A year ago Ben posted a video called Bitcoin Re-accumulation.

Basically stating in the video that the zone from 65-69k is just an accumulation zone before we head higher towards cycle top. Even comparing them to the period of 2020 before the major bull market xD https://www.youtube.com/watch?v=yqjEnHbfHWs

Ben predicting 69k to be just an accumulation before the real push up

Some time later

https://www.youtube.com/watch?v=SJ528HWtlR8

In this video after a drop to 50k... Ben was still bullish calling for 100k. Ofc he is always "dubiously speculating" but that's the whole point of his videos.

In his new videos he's bearish calling for lower and lower. And is constantly repeating how he's been bearish for a long long time.

In short his strategy is - he's bullish when market is up, he's bearish when market is down xD

Do not blindly trust any of these guys. Literally nobody has any idea what the market will do. The best thing to do is either taking profits gradually in bull market or at least putting your stop loss in profit just not to give anything back.