**Summary:**
In this video, the speaker discusses the influence of various individuals who provide insights and opinions on different markets, particularly focusing on the real estate market. He emphasizes that real estate is cyclical and warns against blindly following influencers who may have a poor track record of predictions. The speaker stresses the importance of doing thorough research, analyzing long-term trends, and being cautious in making investment decisions based on others' opinions.

**Detailed Article:**
The speaker starts by addressing influencers discussing various markets and points out the importance of tracking their past statements to evaluate their credibility. Specifically, he delves into the real estate market, highlighting its local nature and the uneven impact of changes across different regions. He points out a global trend of real estate market shifts, mentioning countries like Australia, New Zealand, China, and the United States.

Moving on, the speaker emphasizes the cyclical nature of markets and warns against blindly following individuals who make bold claims about market trends, such as continuous upward movements in real estate prices. He mentions the recent increase in housing inventory in several markets which contradicts earlier predictions of perpetual shortages.

Moreover, the speaker touches on the unpredictability of financial forecasts and criticizes influencers like Jim Cramer for inconsistent advice. He also mentions prominent figures like Peter Schiff and Jim Rickards, highlighting their poor track records in making accurate predictions, particularly focusing on Peter Schiff's failed gold price forecasts.

Furthermore, the speaker discusses the caution needed in interpreting market crashes, mentioning market drops in cities like Phoenix and Miami as potential warning signs. He stresses the importance of conducting due diligence, analyzing leading indicators, and looking at macroeconomic factors when making investment decisions.

In conclusion, the speaker advises the audience to be skeptical of influencers, especially those with a history of inaccurate predictions. He underlines the importance of logical analysis, tracking individuals' track records, and considering macroeconomic factors when navigating financial markets. Overall, the video serves as a reminder to investors to be cautious, conduct thorough research, and make informed decisions rather than relying solely on influencers' opinions.

Apart from Hive influencers, I barely listen to any crypto influences at all, and Thankfully so

those things are true markets are cyclical and they don't all behave the same way all the time

A lot of people need to stop paying attention to those articles and clips. Jim Cramer is the easiest example to see how things bite you when you don't pay attention. Most of the time when the media tells you something, the move is almost over.

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Spot-on as usual, Taskmaster. I absolutely despise the current state of affairs in this space. Anyone with a Youtube channel thinks they're god or something. I've seen so many BILLIONS of dollars lost by retail because they take financial advice from unlicensed scammers and hype-men (and women). 

Funny how the punishment for giving unlicensed financial advice is 5 years in prison AND $5000 fine PER VIOLATION. Can you even imagine how much time people from Youtube would spend in Prison if the feds actually enforced the law? Crazy stuff

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Schiff is a pretty solid logician. The problem is that even with rock solid logic, poor assumptions will still lead one astray. He's been pretty consistent with the doom and gloom in US markets, along with pro gold and pro foreign markets since before 2008. He was right very briefly but there are many variables that he obviously failed to consider moving forward after 2009. He continued to beat the same drum and people who listened to him missed out on the longest continuous bull market in human history (that I know of). As I age, one certainty that continues to show itself to me is that once you think you've got it all figured out, the market slaps you in the face and humbles you. There are no people I've come across yet who are exceptions to this rule. 

Very important point here! No one can accurately predict the future. But for influencers, their major selling point are promises and optimism. They're just interested in their referral bonuses and the money paid them.