Can one have any expertise in Speculating?

joshy23

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Quote from: criza on March 08, 2020, 04:51:53 AM

Yes, a lot of experts works as a speculator, reading and analyzing the movement of various Crypto currency available in the market. There are experts who have been trusted in this field that are paid for their speculations. But, speculating is hard because, we could not truly know what will really happen in the future just by analyzing the given sets of data available in the present trends.

It's hard since the market is also prone from manipulations, what those so called expert analysis can be turned by whales who have more invested money than the real market movements, artificial movements are present to shake up those investors who are not that good in treating the condition of market
movements.

bitbunnny

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Quote from: criza on March 08, 2020, 04:51:53 AM

Yes, a lot of experts works as a speculator, reading and analyzing the movement of various Crypto currency available in the market. There are experts who have been trusted in this field that are paid for their speculations. But, speculating is hard because, we could not truly know what will really happen in the future just by analyzing the given sets of data available in the present trends.

Yes, but that doesn't make them experts in speculation. It's about guessing and speculating so with time that gives you certain experience and feeling for the markets but not also the expertise. I don't think that speculation could be defined as a discipline or science like economy, it's more the question of the talent and some personal features.

criza

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Yes, a lot of experts works as a speculator, reading and analyzing the movement of various Crypto currency available in the market. There are experts who have been trusted in this field that are paid for their speculations. But, speculating is hard because, we could not truly know what will really happen in the future just by analyzing the given sets of data available in the present trends.

wxa7115

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Quote from: Latviand on January 25, 2020, 03:42:36 AM

Quote from: samcrypto on December 03, 2019, 06:57:13 PM

Quote from: Pipdips on December 03, 2019, 04:36:22 PM

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

There are some good speculators and feeling pro speculators, you can learn from them but don’t depend on that. Good speculation always come with a good reason and analysis, for me its a must to know on how to speculate and read charts, because by that strategy you can know when you will buy or when you will cut your losses. Keep on learning, and in the future you will have the best skills to help you earn profit.

But to be honest, speculations are just a more complex term of "one's personal opinion". Anyone could throw a speculation or prediction and it is other people's choice if they would believe to the majority's hype to which crypto would be profitable investing for. Some people are just becoming a 'good speculator' because their assumption is the same with the majority. Best thing to do is to create your own analysis and to make your own decision with regards to investments, perhaps. Because at the first place no one could really speculate the market's behavior.

Not really most people form their opinion and they do not have any facts to back up their claims but a good prediction based on your abilities at speculating is going to be based on many facts that you see in the market and how you interpret those facts.

In my opinion this is way superior to making guess based just on your personal opinion however this only applies if you are able to be impartial about what the market is doing if you cannot do that then you are never going to be a good speculator and it will be better for you to just follow what the market is doing.

TheGreatPython

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Of course, anyone can have expertise in speculating, all you have to do is learn how to read charts, learn what indicators are, learn the signals that could be important in crypto space. After you figure all of those out all you would have to do to speculate is to share what you have with people in timely intervals or on important movements that is upcoming according to you.

Like every Sunday sharing next weeks potential movements and on top of that if something major is about to happen share it as well, that way you could become a person who is known as a good expert speculator. I am not saying you will be a successful one, I am not even saying you could be a correct one, maybe you will fail all the time yet if you are good enough you would be at least a respected one.

Hypnosis00

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Quote from: andycarrol on January 25, 2020, 01:05:18 AM

I think many like you, including me. when we don't have a lot of predictor knowledge it always makes us lose. actually we can trust if they provide speculation based on data because price movements are not far from the charts and also history. sometimes I also speculate because of market sentiment.

Certain speculation could be better if we have a basis on it, then we might able to say that would something be realistic. I understand that we have our own prediction base of what we just observe and read the chart. This is all just speculations, anyone could be wrong or even say it right. I see the volatility getting strong and this is a reason why we all can't tell the exact price for the coming days even we have knowledge and skills.

Landak

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Quote from: Btc_1856 on January 25, 2020, 12:34:29 AM

Quote from: ?? on ??

Better stop for speculating with bitcoin and altcoin price because many time always make sense without have correction or near with their prediction price, they only make some one looks afraid with bitcoin when have to hold and buy. Try to give bad and fake news to get benefit with investor panic for selling bitcoin in lower price.

You are right, we don't see any importance from the predictors which will lead us to lose money if follow those predictions. I myself many time, lost money with these predictors so it is also always good to stay away from these groups if you don't have knowledge better try to learn otherwise, we might lose money with the wrong predictions.

Well, sometimes speculators like them can provide information that might have some useful information such as the latest news updates that we might miss. and you are also right that of all speculations and predictions it is better not to be taken seriously. just take the positive news and don't follow the advice of the person speculating, believe in your own feelings and your analysis.

Latviand

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Quote from: samcrypto on December 03, 2019, 06:57:13 PM

Quote from: Pipdips on December 03, 2019, 04:36:22 PM

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

There are some good speculators and feeling pro speculators, you can learn from them but don’t depend on that. Good speculation always come with a good reason and analysis, for me its a must to know on how to speculate and read charts, because by that strategy you can know when you will buy or when you will cut your losses. Keep on learning, and in the future you will have the best skills to help you earn profit.

But to be honest, speculations are just a more complex term of "one's personal opinion". Anyone could throw a speculation or prediction and it is other people's choice if they would believe to the majority's hype to which crypto would be profitable investing for. Some people are just becoming a 'good speculator' because their assumption is the same with the majority. Best thing to do is to create your own analysis and to make your own decision with regards to investments, perhaps. Because at the first place no one could really speculate the market's behavior.

andycarrol

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Quote from: Btc_1856 on January 25, 2020, 12:34:29 AM

Quote from: ?? on ??

Better stop for speculating with bitcoin and altcoin price because many time always make sense without have correction or near with their prediction price, they only make some one looks afraid with bitcoin when have to hold and buy. Try to give bad and fake news to get benefit with investor panic for selling bitcoin in lower price.

You are right, we don't see any importance from the predictors which will lead us to lose money if follow those predictions. I myself many time, lost money with these predictors so it is also always good to stay away from these groups if you don't have knowledge better try to learn otherwise, we might lose money with the wrong predictions.

I think many like you, including me. when we don't have a lot of predictor knowledge it always makes us lose. actually we can trust if they provide speculation based on data because price movements are not far from the charts and also history. sometimes I also speculate because of market sentiment.

Btc_1856

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Quote from: ?? on ??

Better stop for speculating with bitcoin and altcoin price because many time always make sense without have correction or near with their prediction price, they only make some one looks afraid with bitcoin when have to hold and buy. Try to give bad and fake news to get benefit with investor panic for selling bitcoin in lower price.

You are right, we don't see any importance from the predictors which will lead us to lose money if follow those predictions. I myself many time, lost money with these predictors so it is also always good to stay away from these groups if you don't have knowledge better try to learn otherwise, we might lose money with the wrong predictions.

adzino

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Quote from: Pipdips on December 03, 2019, 04:36:22 PM

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

All those speculations compelelty depends on peoples instinct/intuition. Remember, the price depends highly on the current events. Most people makes those speculation based on just the events that is currently taking place or about to hold. Like, for the next halving, people are speculating that the price is going to increase. This is based on demand and supply fact. The fact that people believes this is going to happen, they will start investing on bitcoin, which in turns will cause further rising of the price.
You can become an expert on speculating if you keep yourself always updated with the current event, but remember, never blindly just invest based on these speculations.

wxa7115

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Quote from: LUCKMCFLY on January 17, 2020, 04:18:57 PM

Logic in the market rarely works, normally the market does the opposite of what should happen logically, or what the masam thinks and given the volatility, it makes the movements more aggressive on some occasions. Jesse Livermore, always in his books recommends speculating on the line of least resistance, putting emotions aside and thinking like strong hands, which is the best strategy.

And that is because the markets consist of humans and bots that have been programmed by humans, we are not really logical in the way we think and most decisions that we thought that we took by using a logical process were taken using our emotions and then we tried to rationalize those decisions after the fact.

This is why traders that try to make sense of the market are never successful, they think that the market needs to follow some kind of set of rules that they have created to describe its movements and when the market doesn't move like that they think that the market is wrong not understanding that the market is never wrong, the only one that can be wrong is the trader.

purebitco

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There's no better speculator as you're still speculating, you're just reading rumour after rumour without backing it up with anything that doesn't make your bet very likely to happen. If you want a more proactive approach to rumours, I think the best thing to do is to do your own analysis not only by doing the rumour's background research, but also by reading the charts from technical analysis and see if it really supports it. Speculation is not going to lead you to anything.

LUCKMCFLY

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Quote from: Pipdips on December 03, 2019, 04:36:22 PM

~snip~

There are many ways to speculate, each person develops their style due to their experience or what they have learned, some have a natural talent for speculation to be successful, it is a very small rate, but in the market, there are many who generally use analysis fundamental, technical and the combination of both.

Logic in the market rarely works, normally the market does the opposite of what should happen logically, or what the masam thinks and given the volatility, it makes the movements more aggressive on some occasions. Jesse Livermore, always in his books recommends speculating on the line of least resistance, putting emotions aside and thinking like strong hands, which is the best strategy.

wxa7115

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Quote from: ?? on ??

It's very simple to answer the issue. Investment bankers and stock brokers are people who are good at speculating. This is a real job done every day by thousands of people. Yeah, you can understand it, you can do it well. Hundreds of books are on the subject. There are even some world-renowned experts in the field and you can be one if you have sufficient experience.

Correct, but you don't have to achieve those levels in order to be profitable and being good at speculating with the price, many people have very unrealistic views about what it is needed to be good at speculating, as long as you are slightly better than average then you are going to make money.

Now that doesn't mean that it is easy you really need to learn how to trade because if you don't it is going to be impossible for you to tell if the signal that some technical indicators are giving you is a false signal or if it is a correct one.

TitanGEL

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There are many types of speculators, some use the Technical Analysis a lot, some the Fundamental, there are others that mix both, market speculation just works when it seems like a company, not getting rich, the speculator goes in the market sense No matter whether it goes up or down, you don't feel any emotion or love for the currency, in this case Bitcoin is the main one. The difference between speculation and investment is that the investor only purchases and waits until the price rises and profits, the market speculator follows every market detail, sometimes it's exciting, others just live for it.

Speculators are not using technical analysis or fundamental analysis. Speculators doesn't rely in any data and there just basing hope and guess. If one rely on technicals then it is a technician. I rely on charts and price action and I'm a technician. Before I am a speculator but the thing is my money is not safe because I just trading without aby context or trading studies that I using but now technical analysis help me to grow my capital.

Taskford

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Quote from: Questat on January 14, 2020, 05:41:42 PM

Quote from: buyinbtc on January 14, 2020, 05:12:51 PM

Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

We can all speculate but people with talent has a good speculation and they will end up profitable with it.
Like right now, as the market is moving uptrend, people are sure starting to determine the reason and they will speculate on what's next so they can have a good entry point.

They reach up on that level since they are so passionate to learn things in tradings and they have many sources to get those ideas at I'm so impressed on their mindset on how to come up with things even though the market is not on bad shape.

hahay

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Quote from: Questat on January 14, 2020, 05:41:42 PM

Quote from: buyinbtc on January 14, 2020, 05:12:51 PM

Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

We can all speculate but people with talent has a good speculation and they will end up profitable with it.
Like right now, as the market is moving uptrend, people are sure starting to determine the reason and they will speculate on what's next so they can have a good entry point.

High flying hours or experience is the reason they have better talent, I only acknowledge their existence and success and not make it a problem when our speculation is difficult to make a profit. I totally agree with you, they will not lose money even if they enter when prices start to increase, because to become an expert can not only rely on one source.

Questat

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Quote from: buyinbtc on January 14, 2020, 05:12:51 PM

Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

We can all speculate but people with talent has a good speculation and they will end up profitable with it.
Like right now, as the market is moving uptrend, people are sure starting to determine the reason and they will speculate on what's next so they can have a good entry point.

buyinbtc

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Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

Topic: Can one have any expertise in Speculating? (Read 1603 times)