Can one have any expertise in Speculating? - page 3.

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Quote from: trickshot22 on December 30, 2019, 07:02:06 AM

Speculation would not be based on your own research or a mix of your own and other ideas and opinions. It depends on which one you tend to follow as long as you can make money with it, then your decision, and that's where risk comes in. Expertise isn't really the right word for this one yet it's not an ability that can be learned yet we're dealing with speculative stuff because price is unpredictable and plenty of factors that affect it but we can still assume things based on patterns or signals we've seen before.

Think you got it completely upside down, my friend. Ability you're born with, expertise you learn with time and experience. Suggesting that people intrinsically have talent and ability to speculate (and speculate accurately I mean) is perhaps only as realistic as hoping you also have the gift of clairvoyance or some kind of rainman gene to see deep patterns before they unfold.

Some things you can predict, but you can't predict consistently and accurately the price of Bitcoin at the exact time. And like all market action, you're right until you stop being right.

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Quote from: trickshot22 on December 30, 2019, 07:02:06 AM

Speculation would not be based on your own research or a mix of your own and other ideas and opinions. It depends on which one you tend to follow as long as you can make money with it, then your decision, and that's where risk comes in. Expertise isn't really the right word for this one yet it's not an ability that can be learned yet we're dealing with speculative stuff because price is unpredictable and plenty of factors that affect it but we can still assume things based on patterns or signals we've seen before.

Even though how skilled we are on analyzing the matters against speculations, that doesn't mean we're expert on different things. It should be initiated very deeply, because we might fall on wrong ideas. We must be more clever on different generative actions, and avoid being overconfident while you're just giving your personal thoughts as well.

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Speculation would not be based on your own research or a mix of your own and other ideas and opinions. It depends on which one you tend to follow as long as you can make money with it, then your decision, and that's where risk comes in. Expertise isn't really the right word for this one yet it's not an ability that can be learned yet we're dealing with speculative stuff because price is unpredictable and plenty of factors that affect it but we can still assume things based on patterns or signals we've seen before.

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I don't think anyone is really good at speculating about bitcoin prices because bitcoin prices are very volatile. maybe people who are called experts or whose speculations are right they are just lucky. without using technical analysis and looking at bitcoin price movements it is very difficult to predict. maybe people called speculators are whales who can manipulate bitcoin prices.

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Quote from: Hypnosis00 on December 28, 2019, 05:15:27 PM

Quote from: Mahanton on December 28, 2019, 12:45:41 PM

Quote from: Hamphser on December 28, 2019, 11:42:35 AM

Quote from: OrangeII on December 28, 2019, 07:24:23 AM

Quote from: vintages on December 26, 2019, 02:21:44 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

Speculating doesnt really have that kind of expert thing.We do see professionals or to those popular analyst but doesnt mean about precise predictions.
We can even make our own without relying others guess too.We are all the same on here but what differs is that on how a particular person using up
some tools which they do base out their speculation and this is where expertise counts but overall precision on the outcome?Theres no such thing about being pro.

Then, we all just keep assuming. I hope it won't, if we give some market speculation we also need to have some basis for it and it may looks that it possible to happen. It is to know that no one could hit the real thing that will happen in the next days, that is why we are taking precautions before investing.

That's why it is called speculation. No accuracy involved. So even if you are so-called expert in trading, you can't still predict the accurate price of btc or any other alts at a specific period of time. There are so many factors in play that you can't grasp all of it. Everyone can claim to have expertise in speculation, but the question is, how precise it is from the reality?

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Quote from: Mahanton on December 28, 2019, 12:45:41 PM

Quote from: Hamphser on December 28, 2019, 11:42:35 AM

Quote from: OrangeII on December 28, 2019, 07:24:23 AM

Quote from: vintages on December 26, 2019, 02:21:44 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

Speculating doesnt really have that kind of expert thing.We do see professionals or to those popular analyst but doesnt mean about precise predictions.
We can even make our own without relying others guess too.We are all the same on here but what differs is that on how a particular person using up
some tools which they do base out their speculation and this is where expertise counts but overall precision on the outcome?Theres no such thing about being pro.

Then, we all just keep assuming. I hope it won't, if we give some market speculation we also need to have some basis for it and it may looks that it possible to happen. It is to know that no one could hit the real thing that will happen in the next days, that is why we are taking precautions before investing.

Mahanton

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Quote from: Hamphser on December 28, 2019, 11:42:35 AM

Quote from: OrangeII on December 28, 2019, 07:24:23 AM

Quote from: vintages on December 26, 2019, 02:21:44 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

Speculating doesnt really have that kind of expert thing.We do see professionals or to those popular analyst but doesnt mean about precise predictions.
We can even make our own without relying others guess too.We are all the same on here but what differs is that on how a particular person using up
some tools which they do base out their speculation and this is where expertise counts but overall precision on the outcome?Theres no such thing about being pro.

Hamphser

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Quote from: OrangeII on December 28, 2019, 07:24:23 AM

Quote from: vintages on December 26, 2019, 02:21:44 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

davinchi

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If you have enough money to speculate then you can surely have an expertise in it but for people who are poor it is really not that easy because you are at the hands of other rich people who can actually speculate the price with their actual money and be right because they are the ones changing the price, all you do is "assume" when you are poor and not speculate.

There are literally digital agencies in the world where they are secretly speculating prices of stuff, not just crypto (maybe not crypto at all) but forex and stock related stuff, they are hired by wall street people and secretly open thousands of accounts in hundreds of websites and all start to talk about the same point and try to make a collective mindset for the wall street people which is the real expertise. All we do here is "btc will be 20k!! wohoo" and that's it, no real speculation is that simple.

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Quote from: vintages on December 26, 2019, 02:21:44 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

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Market psychology that is used in the stock market can apparently be applied to other markets as well, including cryptocurrency markets. I can see similarities especially when comparing a market cycle of the stock market to Bitcoin.

Therefore, someone that understands tools used to predict consumer trading patterns in the stock market could apply those same tools to cryptocurrency markets.

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Quote from: Barbut on December 27, 2019, 03:51:12 PM

Quote from: Omnipotent1 on December 26, 2019, 05:45:05 PM

I sort of wonder about this because of that Jeopardy guy James Holzhauer and his incredible ability of consuming an unlimited amount of information and his recall ability. Add to that superior knowledge and common sense and a person like that would be great in speculating. 2nd to known.

Who is good in speculating have a nice winning rate, simple as that. How do they do it? They have a great analytic skill, they have the ability to process the info they collect everywhere around. Not everyone can do it, but many will try to have a winning rate in trading.
Can one have expertise in speculating, yes! If he is deep inside what he speculating about! If he knows how things work and where to look for info, if he have friends everywhere around who tip him with some info all the time.

We can speculate on things about the price, but having the expertise I don't think so that's a good idea. There's no definite and reliable speculations because it's not about a certain conclusion. It's based on how the idea came to our mind, so we're able to make a possible statement which has been shared to everyone. Bare in mind, that you're just having speculations as a guide and not a formula for entire decision making.

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Quote from: Omnipotent1 on December 26, 2019, 05:45:05 PM

I sort of wonder about this because of that Jeopardy guy James Holzhauer and his incredible ability of consuming an unlimited amount of information and his recall ability. Add to that superior knowledge and common sense and a person like that would be great in speculating. 2nd to known.

Who is good in speculating have a nice winning rate, simple as that. How do they do it? They have a great analytic skill, they have the ability to process the info they collect everywhere around. Not everyone can do it, but many will try to have a winning rate in trading.
Can one have expertise in speculating, yes! If he is deep inside what he speculating about! If he knows how things work and where to look for info, if he have friends everywhere around who tip him with some info all the time.

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Quote from: Capt00 on December 20, 2019, 05:19:12 PM

Precisely, it takes time to have good market speculation and also patient. For me, I'm not looking for 100% accuracy (cause I believe it is impossible), only I need is to be near to it and find out what is the factors/reason affecting its trends in previous years. Because until now, I'm not really good this and I'm not supposed to pretend that I've learned a lot. But for the reason of its volatility, ain't no wonder why it becomes like this.

I think many newbies have the mistaken idea that somehow you can perfectly predict what the market is going to do and when but we know that is not possible and then they get disappointed by that answer because they believe that is the only way to make money in the markets.

And while there are trading systems out there that have a very high accuracy and are profitable there are also many other trading systems that only require from you a very low accuracy rate but that depend on making your correct predictions as profitable as possible while limiting the losses when you're wrong.

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I sort of wonder about this because of that Jeopardy guy James Holzhauer and his incredible ability of consuming an unlimited amount of information and his recall ability. Add to that superior knowledge and common sense and a person like that would be great in speculating. 2nd to known.

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Quote from: vintages on December 26, 2019, 02:21:44 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Valuating bitcoin is truly a tough thing, apart from this what makes it to react to the speculations were the positive and negative things that happen around the globe relative to the bitcoin market. When there is something positive, this will be much discussed and the same creates a positive opinion over bitcoin among the people who haven't used it much. The same happens in the opposite manner when negative news rolls out relative to cryptocurrency.

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Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Distinctin

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Quote from: Wexlike on December 26, 2019, 07:55:49 AM

Quote from: Republikcoin.com on December 20, 2019, 07:53:10 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

all speculations are not 100% accurate, so sometimes people only speculate based on their logic, without even reading any information.
some people involve relating to information, charts, and others related to a coin. even I also have my own speculations. because of that, after knowing someone's speculation, do your own research, whether it really suits what you think or not.

Daytrading can be a pain in the ass but the long-term fundamental swings are rather easy to predict, especially with some fundamental analysis in the back of your head. Almost no one is a true trading expert when it comes to Bitcoin, but the time in the market helps a lot when trying to eliminate emotions from your asset.

That is the real scenario. Crypto remains to be unpredictable cause if someone could see the future of Bitcoin have we think that he could show up here. Maybe not and of course, he could probably stay to anonymous and never tell others for he would surely taking advantage of it.
May we find a lot of ways to have a good market prediction but all of them are far from the real happening.

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Quote from: Republikcoin.com on December 20, 2019, 07:53:10 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

all speculations are not 100% accurate, so sometimes people only speculate based on their logic, without even reading any information.
some people involve relating to information, charts, and others related to a coin. even I also have my own speculations. because of that, after knowing someone's speculation, do your own research, whether it really suits what you think or not.

Daytrading can be a pain in the ass but the long-term fundamental swings are rather easy to predict, especially with some fundamental analysis in the back of your head. Almost no one is a true trading expert when it comes to Bitcoin, but the time in the market helps a lot when trying to eliminate emotions from your asset.

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Quote from: Republikcoin.com on December 20, 2019, 07:53:10 PM

Quote from: Distinctin on December 17, 2019, 06:14:44 PM

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

all speculations are not 100% accurate, so sometimes people only speculate based on their logic, without even reading any information.
some people involve relating to information, charts, and others related to a coin. even I also have my own speculations. because of that, after knowing someone's speculation, do your own research, whether it really suits what you think or not.

Although with expert in bitcoin and altcoin but they can prediction accurately with 100% because many wrong prediction before with bitcoin and altcoin price, if have many mistake why have trust and believe with their prediction, what stronger reason have believe with their prediction about bitcoin and altcoin price, now I just heard my self with bitcoin and altcoin price.

Topic: Can one have any expertise in Speculating? - page 3. (Read 1603 times)