Can one have any expertise in Speculating? - page 4.

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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.

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.

Capt00

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Quote from: wxa7115 on December 20, 2019, 04:58:30 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.

And you are not going to find information like that anywhere, there are very few people that can predict what the market is going to do with any degree of accuracy and they aren't going to reveal their secrets since that is information that is extremely valuable, what you need to do if you want to improve is to keep records of each one of your predictions and then keep track of the results.

And when you get a prediction wrong you need to find out what was the reason, if you keep doing this for a long time you are bond to improve but obviously you will never get 100% of your predictions right.

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.

wxa7115

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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.

And you are not going to find information like that anywhere, there are very few people that can predict what the market is going to do with any degree of accuracy and they aren't going to reveal their secrets since that is information that is extremely valuable, what you need to do if you want to improve is to keep records of each one of your predictions and then keep track of the results.

And when you get a prediction wrong you need to find out what was the reason, if you keep doing this for a long time you are bond to improve but obviously you will never get 100% of your predictions right.

marcous

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experience is required and it is not for a moment, considering the speculators are certainly the ones who have long been in the crypto world. there must be a reason why the speculator can analyze where the price will go . at least we should be able to choose and study also from clear sources I guess. their experience studying charts etc. is certainly not easy either.

Distinctin

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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.

Lanatsa

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Quote from: Arkann on December 17, 2019, 02:00:08 PM

Quote from: LUCKMCFLY on December 16, 2019, 05:35:41 PM

There are many types of speculators, some use the Technical Analysis a lot, others the Fundamental, there are others that combine both, market speculation works only when it looks like a business, not to get rich, the speculator goes in the sense of the market No matter if it goes up or down, you don't feel any emotion or affection for the currency, in this case Bitcoin is the main one.

The difference between speculation and investment is that the investor only buys and waits until the price rises and profits, the market speculator follows every detail of the market, sometimes it is exciting, others just live for it ...

Of course you are speaking correctly, but I would like to divide all speculators into two categories. The first category is those speculators who practically live near the computer monitor and study the entire cryptocurrency market and at the same time use all the opportunities that the market provides for their manipulations. And the second category of manipulators is those people, and maybe even groups that artificially create certain conditions for manipulation in the cryptocurrency market. I believe that the second group is much more serious and dangerous for the cryptocurrency market and for all cryptocurrency users.

For those people who do make up some fud then it will really put up that hard to the entire market but well these things would really exist on any market.
So its none surprising to meet up these kind of people and also manipulation is always there.The thing here is that we do know on how to react on which speculations
are good to be used as preference or the speculations which do simply implies false info or try to manipulate out.

Bagaji

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Expert in speculating crypto currency price to me is almost the same thing as being an expert in gambling because I believe there is much different between the two. I do believe there are people who are actually good in speculating market price but most of them don't risk their own money in what they speculate in most cases.

Arkann

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Quote from: LUCKMCFLY on December 16, 2019, 05:35:41 PM

There are many types of speculators, some use the Technical Analysis a lot, others the Fundamental, there are others that combine both, market speculation works only when it looks like a business, not to get rich, the speculator goes in the sense of the market No matter if it goes up or down, you don't feel any emotion or affection for the currency, in this case Bitcoin is the main one.

The difference between speculation and investment is that the investor only buys and waits until the price rises and profits, the market speculator follows every detail of the market, sometimes it is exciting, others just live for it ...

Of course you are speaking correctly, but I would like to divide all speculators into two categories. The first category is those speculators who practically live near the computer monitor and study the entire cryptocurrency market and at the same time use all the opportunities that the market provides for their manipulations. And the second category of manipulators is those people, and maybe even groups that artificially create certain conditions for manipulation in the cryptocurrency market. I believe that the second group is much more serious and dangerous for the cryptocurrency market and for all cryptocurrency users.

LUCKMCFLY

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There are many types of speculators, some use the Technical Analysis a lot, others the Fundamental, there are others that combine both, market speculation works only when it looks like a business, not to get rich, the speculator goes in the sense of the market No matter if it goes up or down, you don't feel any emotion or affection for the currency, in this case Bitcoin is the main one.

The difference between speculation and investment is that the investor only buys and waits until the price rises and profits, the market speculator follows every detail of the market, sometimes it is exciting, others just live for it ...

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Quote from: wxa7115 on December 16, 2019, 02:39:49 PM

Quote from: Wexlike on December 15, 2019, 01:46:17 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?

It's a big pile of entropy. One guy in a million will have the chance to guess 20 times the correct answer in a random 2 roll. And then he is rich, a genius and an incredible speculator. But no one would ever admit to just be lucky.

There is a very famous phrase that says "even a broken clock is right twice a day" we have millions of people in this market and each one of them has an opinion about what the price of bitcoin is going to do during the next day, week, month or year so during each year we are bound to get millions of predictions about what the market is going to do and the probabilities dictate that at least some of them will have to be right.

So it is entirely possible that a trader that gets many of his predictions right is not doing this out of skill he's just been lucky.

Outcomes would only out on two possible results either going through it or would go to the opposite way.Its non surprising to have lots of speculations yet
we've been dealing with a very speculative market.So even an average trader or joe can create his own insights on what are his guesses when it comes to potential
price on a particular point. Expertise isnt really considered on here yet we've been just guessing.The difference here is that some experience people do have more reasonable
speculations compared to those who are'nt.

wxa7115

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Quote from: Wexlike on December 15, 2019, 01:46:17 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?

It's a big pile of entropy. One guy in a million will have the chance to guess 20 times the correct answer in a random 2 roll. And then he is rich, a genius and an incredible speculator. But no one would ever admit to just be lucky.

There is a very famous phrase that says "even a broken clock is right twice a day" we have millions of people in this market and each one of them has an opinion about what the price of bitcoin is going to do during the next day, week, month or year so during each year we are bound to get millions of predictions about what the market is going to do and the probabilities dictate that at least some of them will have to be right.

So it is entirely possible that a trader that gets many of his predictions right is not doing this out of skill he's just been lucky.

Wexlike

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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?

It's a big pile of entropy. One guy in a million will have the chance to guess 20 times the correct answer in a random 2 roll. And then he is rich, a genius and an incredible speculator. But no one would ever admit to just be lucky.

Lanatsa

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Quote from: Hippocrypto on December 15, 2019, 10:14:32 AM

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?

Speculating is not a talent, we can't rely on it because that was only based on our series of opinions. You're not analysing with your own and you only got those ideas from other people, which has been compiled to be used to share to someone who needs it. We need not to be an expert of this as long as you have the will and determinations to come up with a certain mindset, then you're good enough to speculate.

Speculation would based neither on your own analysis or a combination of your own+ others ideas and opinions.It will depend on you on which one you would tend to follow as long you can make profits with it then your choice and this is where risk do comes in. Expertise isnt really the right word for this one yet this isnt a skill which can be obtained yet we are dealing with speculative things since price is volatile and
lots of factors that do affects it but somehow due to experience, we can somewhat presume things either basing on pattern or signs that we've known before.

Hippocrypto

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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?

Speculating is not a talent, we can't rely on it because that was only based on our series of opinions. You're not analysing with your own and you only got those ideas from other people, which has been compiled to be used to share to someone who needs it. We need not to be an expert of this as long as you have the will and determinations to come up with a certain mindset, then you're good enough to speculate.

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Quote from: pooya87 on December 04, 2019, 12:51:23 AM

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

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?

no, i don't think you can gain any actual "expertise" by only reading all speculations. not to mention that you would be wasting your time since more than half (if not 90%) of the bitcoin price related speculation you see on the internet is pure nonsense written by newbies who either have no idea how the bitcoin market works or they have some agenda behind what they publish like wanting to fill their shorts or spreading FUD in general!
in my opinion the only way to gain any real experience when it comes to speculation is if you start analyzing the market yourself. and only spend a little time reading what other people say.

It may not make you an expert by only reading speculations but I believe you can learn something from the speculations you read that would be helpful if you want to become a speculator just choose the best you think there is though. To become a good speculator it is very important you know all details even the tiniest ones to make sure you speculate if not accurate then near to what will happen.

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Quote from: matchi2011 on December 15, 2019, 06:17:50 AM

Quote from: sovie on December 15, 2019, 05:28:33 AM

There are many people who are confident that they are the best speculators. Just spend some time here on this forum and you will find lots of speculations and almost al went incorrect. Predictions may go true to some extent in other markets but not in the crypto. This market is too new for all this.

Indeed, a lots of wrong predictions inside here and if you will not be careful enough you will lose your investment from following those so called expert.
You need to work hard and forget about following such kinds of opinions, do your investigations and assess according to how you understand the situations,.

Almost prediction is wrong with bitcoin and altcoin price, when have popular prediction talk bitcoin have price above $16k last October but in reality bitcoin not reached above $16k and keep with lower price, now I am not trusted with any one else with bitcoin price at the future and keep during with how situation of bitcoin.

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Quote from: sovie on December 15, 2019, 05:28:33 AM

There are many people who are confident that they are the best speculators. Just spend some time here on this forum and you will find lots of speculations and almost al went incorrect. Predictions may go true to some extent in other markets but not in the crypto. This market is too new for all this.

Indeed, a lots of wrong predictions inside here and if you will not be careful enough you will lose your investment from following those so called expert.
You need to work hard and forget about following such kinds of opinions, do your investigations and assess according to how you understand the situations,.

sovie

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There are many people who are confident that they are the best speculators. Just spend some time here on this forum and you will find lots of speculations and almost al went incorrect. Predictions may go true to some extent in other markets but not in the crypto. This market is too new for all this.

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Quote from: kro55 on December 15, 2019, 04:24:31 AM

I say there is no one who can accurately predict what will be bitcoin price next week. How can we believe that these price predictions of years to come will be correct? Bitcoin is not like government security bonds that will give a constant return, its full of volatility and can take any price. Stop such predictions.

stop such prediction ? no that is not going to happen . we need to keep on predicting because this can give us a guide ( small guides ) to trade effectively ( atleast ? ) . prediction is also beneficial on this kind of market because it gives a hype or a noise inside and outside this forum . if bonds give constant return then why not all people trade on it ? all of them should be rich now but i think not because they are still continue doing that and other are still still finding a way to earn more .

kro55

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*STOP NOWHERE*

I say there is no one who can accurately predict what will be bitcoin price next week. How can we believe that these price predictions of years to come will be correct? Bitcoin is not like government security bonds that will give a constant return, its full of volatility and can take any price. Stop such predictions.

Topic: Can one have any expertise in Speculating? - page 4. (Read 1603 times)