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Topic: Can one have any expertise in Speculating? - page 5. (Read 1603 times)

hero member
Activity: 2184
Merit: 531
December 14, 2019, 12:30:03 PM
#50
The answer to OP's question is very simple. People who are good at speculating become investment bankers and stock brokers. This is a real job done by thousands of people every day.

Yes you can learn it, you can become good at it. There are hundreds of books on the matter. There are even some world famous experts in the field like George Soros.
sr. member
Activity: 812
Merit: 250
December 14, 2019, 11:29:57 AM
#49
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?
bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...


No this is not a justifiable explanation and it's so generic because everyone knows that the value of bitcoin and other crypto depends on demand and supply, anyone can use past results to predict but crypto market is highly volatile and does not follow the trend if that was the case then we would have had almost two more bull run by now. I think we just need to act as per the market situation and make trades based on present conditions without following any predictions.
what trend do you mean? i think bitcoin follow the trend, you can see the bitcoin halving in the 2017 all altcoins follow to increase high price its mean trend up... I suppose you are right about make trades based on present condition because following a prediction has high risk and its not really will happen


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?
bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...

I have been on this forum more than three years with many people prediction with bitcoin in 2019 above $16, but what happen with their prediction where all wrong and not true, how come for next bitcoin price you ca trust with bullshit prediction, never trusted with bitcoin chart have been candle to buy and higher price next year because depend with how investor playing bitcoin on higher or lower price.
remember that prediction is just an opinion by someone, anyone can makes speculation can make prediction and has a two possibility that will really happen or will not really happen , i think nothing wrong without people's prediction but when you follow that dont forget any risk in there.
sr. member
Activity: 2296
Merit: 315
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December 13, 2019, 06:20:28 PM
#48
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?
bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...

I have been on this forum more than three years with many people prediction with bitcoin in 2019 above $16, but what happen with their prediction where all wrong and not true, how come for next bitcoin price you ca trust with bullshit prediction, never trusted with bitcoin chart have been candle to buy and higher price next year because depend with how investor playing bitcoin on higher or lower price.
sr. member
Activity: 1638
Merit: 261
December 13, 2019, 01:27:29 PM
#47
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?
bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...


No this is not a justifiable explanation and it's so generic because everyone knows that the value of bitcoin and other crypto depends on demand and supply, anyone can use past results to predict but crypto market is highly volatile and does not follow the trend if that was the case then we would have had almost two more bull run by now. I think we just need to act as per the market situation and make trades based on present conditions without following any predictions.
sr. member
Activity: 812
Merit: 250
December 13, 2019, 12:58:14 PM
#46
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?
bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 12, 2019, 02:13:27 PM
#45
if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him.
It's called luck. One can be right like 10 times in a row and it's still luck, but in the long run, these people will lose most (if not all) of what they put in. There is no shortage of people 'trading' like that.

It kinda works the same with gambling. I have seen people brag about their profitable dice method, but it only works until it no longer does, and by the time you agree that it no longer works you have wiped out your balance.
That is very common, people believe that they have a profitable system to trade the markets just because they have won a few trades with whatever method that they are using not understanding that most likely that was just luck, anyone that wants to really know if what he's doing is correct will have to test his strategy against several different markets for a very long time span.

That way your strategy is going to be exposed to all kind of market conditions, unfortunately this is very time consuming and it is quite boring so no one wants to do it and it is one of the reasons why we see so many losing traders.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
December 10, 2019, 02:20:47 AM
#44
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?
nothing is impossible in this world, friend, even if a card fortune teller can be a bitcoin speculation, so no matter about it, anyone who can do speculation usually sees from every history he has gone through, I do speculation following calculations and other history so I read what will happen later, it usually happens because a cycle like the economic crisis that usually occurs every 10 years can have serious impacts as well as bitcoin with a 4-year cycle, speculation need not be the best if your predictions are right save it because people will not see it as an achievement, lol  Grin
hero member
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December 10, 2019, 02:01:49 AM
#43
if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him.
It's called luck. One can be right like 10 times in a row and it's still luck, but in the long run, these people will lose most (if not all) of what they put in. There is no shortage of people 'trading' like that.
Well, accurate information will make the right speculation, and that too can be said as luck. however, in predicting prices, people can speculate without doing anything and can speculate when they get information, such as development, or other things.
in this case, no one can be really precise in making price predictions for a coin because it depends on how needed the coin.
hero member
Activity: 980
Merit: 500
December 09, 2019, 09:12:26 AM
#42
Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating.
What else would they do? Grin

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?

You can call it experience or being in the frontlines for so many times.
That means they have the most seen story than others or they might have done it more.
Yeah, you could get better in it.
Somehow, you will find yourself getting the right speculation than others which are just new to the discussions.
Although, there is really no training about it.  Grin

There are actually good tutorials for us to learn to speculate but they are given by users on youtube, though not very detailed they still are good enough for you to get something out of it. There were users gives signals claiming to be experts, that might not be a good option for you to listen to them when you trade for most of these users are just wanting people to buy while they sell. Somehow though they do have a good amount of followers on their channel. 



Most of the Youtubers are just in it for profits sake as they hoard one coin many days before announcing that the coin is going to boost in value after inflating its price and then the creator of the video sells his coins for profit while all of his followers are busy buying inflated coins from him.
But there are only a few people who I understand are not scammer and provide really good knowledge in their videos.
hero member
Activity: 3038
Merit: 617
December 09, 2019, 09:07:13 AM
#41
Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating.
What else would they do? Grin

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?

You can call it experience or being in the frontlines for so many times.
That means they have the most seen story than others or they might have done it more.
Yeah, you could get better in it.
Somehow, you will find yourself getting the right speculation than others which are just new to the discussions.
Although, there is really no training about it.  Grin

There are actually good tutorials for us to learn to speculate but they are given by users on youtube, though not very detailed they still are good enough for you to get something out of it. There were users gives signals claiming to be experts, that might not be a good option for you to listen to them when you trade for most of these users are just wanting people to buy while they sell. Somehow though they do have a good amount of followers on their channel. 


sr. member
Activity: 1400
Merit: 259
December 09, 2019, 08:37:10 AM
#40
Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating.
What else would they do? Grin

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?

You can call it experience or being in the frontlines for so many times.
That means they have the most seen story than others or they might have done it more.
Yeah, you could get better in it.
Somehow, you will find yourself getting the right speculation than others which are just new to the discussions.
Although, there is really no training about it.  Grin
legendary
Activity: 1526
Merit: 1179
December 09, 2019, 04:49:15 AM
#39
if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him.
It's called luck. One can be right like 10 times in a row and it's still luck, but in the long run, these people will lose most (if not all) of what they put in. There is no shortage of people 'trading' like that.

It kinda works the same with gambling. I have seen people brag about their profitable dice method, but it only works until it no longer does, and by the time you agree that it no longer works you have wiped out your balance.
sr. member
Activity: 938
Merit: 250
December 09, 2019, 12:53:17 AM
#38
if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him. but if we are not experts in speculation then we should always observe and look at technical data in earnest and then speculate. if our speculation is not in accordance with reality, then we must be patient to accept it. and make it as a lesson. so that in the future we can speculate correctly.
legendary
Activity: 1316
Merit: 1145
December 08, 2019, 10:10:25 PM
#37
yeah, that's very different. speculators don't make much time for analysis and so on. they only pay attention to profits. when the price of coins is higher than the purchase price. then he will sell it. why is it better? because it does not require a lot of time for analysis, which might make a loss. they trade only on the basis of belief. there is no more analysis, except only opinion in a short time.
legendary
Activity: 2170
Merit: 1427
December 08, 2019, 05:47:35 PM
#36
But let's be direct how many people do you think actually do that? Most of those that throw speculations about the price do not do any kind of technical analysis, they are just giving their opinion and if that's all what you do then it is impossible for you to improve your ability to speculate.

It's an opinion based on gut feelings. We all have these feelings, but when you follow the actual technicals, you'll be right more often than you are wrong.

The problem with people's feelings is that they are mostly based on a bias to see the price go up because they hold a lot of Bitcoin or some other shitcoins. I'm pretty sure that even if these people do understand how technical analysis works, and thus acknowledge the bearish posture of the market, they will probably still be hoping for the price to go up any time soon.

It also doesn't help that there are youtubers constantly posting hype'ish bullish fundamentals content while the price keeps going down. Just be honest about the market and don't let people unnecessarily suffer. Those pumping and dumping the market don't care about fundamentals, they are here just for a quick buck.
hero member
Activity: 3038
Merit: 617
December 08, 2019, 02:22:04 PM
#35
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?

Maybe. They said it follows the golden rule in fibonacci which it outlines the possible support and resistance. Once you identify which are the possible resistance, its can always become a support as well after the break out. The support and resistance are always going to be where you speculations are and that's where they try to trade with the help of the indicators which can become very technical. If you become an expert to speculating then you will also be good at trading so why just speculating alone.
sr. member
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December 07, 2019, 01:41:13 PM
#34
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?
When you speculate on the bitcoin prices then it won't affect any other traders emotions unless you got lot of followers looking for your decision about what to do at certain market condition.But as a normal trader or holder I won't speculate things to get benefits from doing it even if we do the chances of any influence will be less.
sr. member
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December 08, 2019, 02:05:43 PM
#34
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?

Well, yes in that case. Sounds weird but it could possibly be. Why weird? Is that because, often everyone are speculating because they have some coins holding on and they want to greatly affect with others with their ideology. Though someone could speculate out of nothing in return. It may be fun with them? But not everyone could handle the same situation.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 08, 2019, 01:08:11 PM
#33
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 just like any other skill, the more you do it the better you will get at it, but in order to get better at it you will need to keep records about why you made a particular prediction and how you came to those conclusions, then you will need to keep records on what the results were and what were your thoughts about it, if you keep doing this for long enough you are bound to get better at predicting the market.

But let's be direct how many people do you think actually do that? Most of those that throw speculations about the price do not do any kind of technical analysis, they are just giving their opinion and if that's all what you do then it is impossible for you to improve your ability to speculate.
hero member
Activity: 1106
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December 07, 2019, 03:05:13 AM
#32
in my opinion a great speculator is a speculator who was born from a lot of experience that has passed. and I think a good speculator is a speculator who wants to examine market conditions and price movements before making a decision. if only relying on speculation without research then I think it will fail. because we do not know what the latest coin movements and market conditions are.
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