Adaptability is very important - page 2.

BitcoinPanther

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Quote from: passwordnow on December 04, 2020, 06:34:49 PM

Quote from: cytpoway121 on December 04, 2020, 12:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It is an advantage if you have that character. In this market, you will never know when to sell and when to buy. But being an experienced person, you'll know when to decide. It is not about the best time to buy or sell but it is about how flexible you are in making decisions and how timely it is. Experts also make mistake in selling if they are relying on TAs and we know that sometimes it's not working due to bitcoin's volatility or any altcoin you hold.

To be able to gain that traits, one should be fully knowledgeable of the subject/market and knows well the all around of trading, including chart reading to get hints and possible trend of the market. It is easier said than done. Adaptability in the right time is the hardest skill to master.

Debonaire217

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Quote from: cytpoway121 on December 04, 2020, 12:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Change is very constant, so you have to adapt constantly with that changes. This would help you a lot while you are working with cryptocurrency. When you can endure the changes, you are showing your flexebility. Meaning, you have enough knowledge of what you are doing, because you cannot adapt the changes when you cannot understand the situation.

cytpoway121

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Quote from: fileo on December 14, 2020, 12:48:18 AM

I'm not a professional but I do believe pro knows when is the right time and wrong time base on the market crap and the token price graph. So, being newbie in trading cryptocurrency I'm a little bit excited to earn profit even it is not super big. I want to practice myself in this things believing someday will how how to execute the adaptability and buy, sell, hold approach. Practice makes perfect if possible.

I am glad to inform you that you necessarily do not have to be a professional trader before understanding the right and the wrong time to buy. It is not enough to study token price graph; you must be able to interpret the data and pick positives from it too. You first have to understand that you cannot enter every trade. Practice makes perfection if you follow the right and true procedure. DYOR.

darkphoenix2610

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Right, adaptability is very important in crypto world. It helps the traders and investors to predict or know what will be the best move in the market. In crypto everything is volatile so must need to be adaptable in everything so you can go with the flow otherwise you will be left behind or lose everything.

fileo

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I'm not a professional but I do believe pro knows when is the right time and wrong time base on the market crap and the token price graph. So, being newbie in trading cryptocurrency I'm a little bit excited to earn profit even it is not super big. I want to practice myself in this things believing someday will how how to execute the adaptability and buy, sell, hold approach. Practice makes perfect if possible.

rencong bitcoin

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Adaptability is an important element for bitcoin traders, so that we are able to predict the price rise and fall, many people experience losses because they are surprised to see price fluctuations in the crypto world and are less adaptable to it.

cytpoway121

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It is very difficult to learn it, friend, if you just talk it's very easy, if you practice it the results will be different again, mentally we will change to not follow theory anymore but ambition. I have experienced it many times, so the point in the world of trading is to hold back ambition and patience.

This is true, no matter how informed an individual can be about crypto currency, unless and until it is out to practice, it cannot be producing results, but some way this also deals with adaptability.

How you translate your skills to practice and take profits i from it literally tells more about how we adapt from theory to practical.

If you can be patient with consistency, you will have fun practicing and trading and taking profits (if you make the right decisions at the proper time)

LogitechMouse

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Quote from: cytpoway121 on December 04, 2020, 12:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

You call this adaptability??
I call this strategies.

Either way, whether it is adaptability or a strategy it needs experience for it to help you become a professional trader. You must know where are the possible support and resistances and you must have strategies or plans into it. Adapting to market situations takes time or depends on the person himself. A newbie though can't adopt that easily that is why they are the ones who incur most losses. Adapting to the market will take time and adjustments especially to your emotions because being emotion here will lead you to nothing.

judeafante

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Quote from: cytpoway121 on December 04, 2020, 12:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

If you are an active trader you need to learn this, if you are a long term holder you can just check the market to see if you are doing fine as a long term holder, learning to do a shift is very important this is how we make profit timing is very important and insight of course and it also depends on what coins you are holding for short term and long term.

loopes

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Quote from: plvbob0070 on December 08, 2020, 10:23:02 AM

I think this adaptability is already given to be able to handle different market situations. Understanding and adapting to the market is indeed a fundamental factor that we need to learn here in crypto because of its nature. Though even if you are a professional, you can't always know how will the market move so there is still the risk factor. But as long as you understand and can ride along with it, we can use that as our strength.

Adaptability also mean to be aware of the risk of the investment which we would like to get in. We can measure that risk by using one of five main principle of risk measures, e.g include the alpha, beta, R-squared, standard deviation, and Sharpe ratio. You need to learn how to use that principle but the main problem is accurate data which is needed in the calculation's risk is hard to find in real pratice.
Refference for more information you can find about those principle in HERE

Sebas.tian

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Quote from: cytpoway121 on December 04, 2020, 12:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
~~~~

We'll need this becasue it's crucial for both the newbies and the expert in the industry. There are thousands without the adaptive approach wile there are still much without such approach, these are investors without the technicalities needed for this industry. Man failed to move with the industry becasue they lack the ability of be adaptive. It's very important for every investor to know the right time to buy and to sell at any point in time.

plvbob0070

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I think this adaptability is already given to be able to handle different market situations. Understanding and adapting to the market is indeed a fundamental factor that we need to learn here in crypto because of its nature. Though even if you are a professional, you can't always know how will the market move so there is still the risk factor. But as long as you understand and can ride along with it, we can use that as our strength.

sayaya17

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To adapt in crypto trading, you must often trade crypto on the trading exchange. If one has no trading experience, it is very difficult to adapt. Adaptation is not only in crypto investment, but in the world of office work though, we must be able to adapt. But adaptation for a person varies. Some are fast and some are slow. This is how far you can control the situation. First master all the understanding of the trades and coins that you will choose for the trade.
If the situation is under control, and you can already decide when to sell and when to buy, I am sure this is because you have been trying to learn about trading.

Ridwan Fauzi

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It was called as 'Anchoring Bias' in psychology trading.

Before we buy a coin we will have a reference price for buying like a psychological price and it is not wrong for us to buy the coin at the price we want.

But the problem will come when the market condition has changed and we haven't changed our point to buy the coin. This is what causes many people or traders who often miss a moment to buy, so they don't get anything even though they have a great opportunity to get profit.

This is why we have to update our analyst as soon as possible if we see the market movement is different from our strategy before. Remember that market is very dynamic and we can't control it, you will be fine if your trading system adapts to market conditions and you have to be prepared for big losses when you try to control the market.

gurunanakji777

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It would be very helpful in trading if you have good trading knowledge and knows the resistance and support level of the market. Those who learn to adapt themselves according to the market or change strategies when needed are successful traders but my friend it's not as easy as it seems. Sometimes market behaves differently and traps you by the wrong moves so pro traders also make mistakes and the important thing is always to use stop losses to avoid the big loss while trading.

Yatsan

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Adaptability or flexibility to adjust into certain situations and circumstances that is possible to be faced in this world of crypto is really a must have. You must go with the flow to be able to follow through the ups and downs so you can see yourself still getting along a lessening the probability of taking loss. Pushing through against the situation can just get you stuck into a situation wherein you will be hard to exit and just regret doing such. Being able to adapt into sudden changes is really a must have and a great attitude and characteristic we must possess for we are working on a volatile market so we need to adjust ourselves if we wanted to survive working with it.

rnsribeiro

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Quote from: passwordnow on December 04, 2020, 06:34:49 PM

Quote from: cytpoway121 on December 04, 2020, 12:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It is an advantage if you have that character. In this market, you will never know when to sell and when to buy. But being an experienced person, you'll know when to decide. It is not about the best time to buy or sell but it is about how flexible you are in making decisions and how timely it is. Experts also make mistake in selling if they are relying on TAs and we know that sometimes it's not working due to bitcoin's volatility or any altcoin you hold.

Exactly, there is no guarantee when it comes to investments. There is no unique strategy to trade with profits 100% of the time, not even 90%.

Helpme_please

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Quote from: Dr.Osh on December 07, 2020, 03:09:46 AM

in any field, adaptation is needed. however, we know that without adapting, we won't know how the chart moves, or how to choose an investment place. besides, this adaptation must be emphasized, because even current scammers can become smarter than investors. lest we choose the wrong asset to hold.

adaption will create high demand on project and it makes chart moved by its demand. scammers or fake developers will care about this adaption , they just create useless token and take it on shit exchanges so looks like its not scam project. without ecosystem that will accept their token or coin , any project will be useless ,token have no function at all and we just bought blank paper.

Eddyc

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Yes it's a natural quality of the human being but due to our ambitions and desires we are blind and determined in a line of reasoning and we are unable to make essential decisions. In relation to crypto, this is no different, the market changes all the time and if there is no adaptation and seeking new knowledge, bankruptcy is what you expect.

Dr.Osh

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in any field, adaptation is needed. however, we know that without adapting, we won't know how the chart moves, or how to choose an investment place. besides, this adaptation must be emphasized, because even current scammers can become smarter than investors. lest we choose the wrong asset to hold.

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