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Topic: Crypto Trade and Power of Knowledge - page 2. (Read 283 times)

jr. member
Activity: 73
Merit: 1
September 04, 2018, 08:59:33 AM
#11
I don't know to agree or disagree with you Tongue
what you say makes sense, increasing your knowledge of the technology that these cryptocurrencies you are trading can help you but when it comes to trading, specifically trading altcoins, that knowledge is not going to be helpful as much as you may hope. for instance you may have a pretty good understanding of the blockchain technology and find a very good coin that is implementing the technology in a very interesting way and you may find it full of potential because of it .... but these types of coins are never profitable in the altcoin market!

instead when you look at shitcoins and the worst projects out there, you can see huge profits on daily basis is taking place and there are hundreds of traders that are taking advantage of it.

it may sound strange or even a terrible thing to say, but learning how pump and dumps work may give you a much bigger profit than anything else can.
I understand your reasoning, as it is a sound one. But, I still believe that being active in the industry you trade in and actively learning new things will pave the way towards not just understanding, but towards more accurate prediction of trends to come. There are numerous new coins coming and going, many of them with unique features. Who says that one of them will not push towards the top someday, especially if they possess innovative solutions for real-world problems? Also, the industry, in my opinion, is pretty exciting! Smiley
Pump and dump industry is a must-know. There is nothing terrible about it. You simply need to know how scams and frauds work, so you do not fall in the trap all the time Smiley Thanks for the contribution!
newbie
Activity: 62
Merit: 0
September 04, 2018, 08:53:52 AM
#10
Knowledge is your most important asset.  It helps you make smart conclusions and plan your moves in advance. The more research you will do the more comfortable you will feel on the market.
jr. member
Activity: 73
Merit: 1
September 04, 2018, 08:53:10 AM
#9
Thanks everyone for comments and opinions! As for the knowledge itself, being a trader is not just capitalizing on price changes but also to beocme an expert in the industry you wish to trade in. Take stocks, for example. To properly understand the stock, you do need to know the business inside and out. Industry trends, latest innovations, and big news can all impact the price of the share you wish to base your predictions on.
However, cryptocurrencies are a bit different. The market is relatively new and it has many implications for the world we live in if developed and done right. There are many interesting cases of implementation. Yes, such knowledge might not benefit your trading profits directly but seriously, you are missing out a really exciting world! Plus, knowing what is going on now in the market will help you determine the general course of the entire industry Smiley And that is something everyone wishes to achieve!
hero member
Activity: 1148
Merit: 523
CryptoTalk.Org - Get Paid for every Post!
September 04, 2018, 08:39:57 AM
#8
Knowledge can help you a lot to understand how blockhain works and can also help you analyze the price movement of a crypto. But being updated with the news will help a lot in trading crypto is obviously news driven one trading site have been hacked the price daramatically goes down, slightly positive news the price shoots up.

But where you are learning and with whom you are learning all matters to make the money on trading side. That is why I suggest good trading review channels on youtube to find the good understand on making the trade any where.

Whether it is forex trade or cryptocurrency both can be explained good in youtube videos as I know, so please check the good video you like to make knowledge out of it bro.
hero member
Activity: 3052
Merit: 651
September 04, 2018, 08:33:35 AM
#7
Welll that is also because new projects are being created and it is nice to know that we are being entered by new people that invest their time and effort to somehow make a change.

I guess that is what keeps me going too. Besides helping spread the news about bitcoin which is sometimes getting frustrating with people's reaction which are mostly negative.
The new projects somehow can make your excitement grew again and never stop.

Research and add more to the hard drive of the brain. Grin
jr. member
Activity: 252
Merit: 2
Ximply for president!!!
September 04, 2018, 08:29:45 AM
#6
Knowledge can help you a lot to understand how blockhain works and can also help you analyze the price movement of a crypto. But being updated with the news will help a lot in trading crypto is obviously news driven one trading site have been hacked the price daramatically goes down, slightly positive news the price shoots up.
member
Activity: 486
Merit: 27
HIRE ME FOR SMALL TASK
September 04, 2018, 08:25:24 AM
#5
There are people who are really interested about trading because they think they can be a millionaire in an instant, forgetting to know the basics and fundamentals,  accurate information is a good foundation of anybody's knowledge to start and apply in trading. Start with little and grow in bigger. 
sr. member
Activity: 700
Merit: 300
September 04, 2018, 08:21:47 AM
#4
Be thirsty for knowledge. Blockchain technology and crypto trade are new spheres when compared to mainstream industries and much is in development right now. Knowing more will increase your success chances, build up your trading portfolio but also the quality of analysis you do on daily basis. Investigate things that have nothing to do with trading but can help you understand the market better.
Each day there are exciting discoveries that can change the face of the crypto world drastically. Understanding them will help you develop your own strategy, design more effective analysis, and generally improve your trading skills.

I was going to say that these things doesnt matter (the blockchain, industries etc) but when you stated that they dont matter but having their knowledge can influence our trades then I realised yes this is the thing one must know. Off course, while trading all we need to know is about the coin's idea and project behind it and how it is getting processed over the time. Depending upon that crypto currencies get investors engaged more and more as the days pass and thus they grow in the value every time. I guess having the additional knowledge about blockchain and how the world is reacting to it is also important. This ensures us that how the whole market is going to react with it and how it will affect your coin or projects in that environment. So yeah it matters, be thirsty !
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
September 04, 2018, 07:31:46 AM
#3
I don't know to agree or disagree with you Tongue
what you say makes sense, increasing your knowledge of the technology that these cryptocurrencies you are trading can help you but when it comes to trading, specifically trading altcoins, that knowledge is not going to be helpful as much as you may hope. for instance you may have a pretty good understanding of the blockchain technology and find a very good coin that is implementing the technology in a very interesting way and you may find it full of potential because of it .... but these types of coins are never profitable in the altcoin market!

instead when you look at shitcoins and the worst projects out there, you can see huge profits on daily basis is taking place and there are hundreds of traders that are taking advantage of it.

it may sound strange or even a terrible thing to say, but learning how pump and dumps work may give you a much bigger profit than anything else can.
newbie
Activity: 184
Merit: 0
September 04, 2018, 07:23:38 AM
#2
Knowledge is everything, this has been proven that most people who are successful are those who have a lot of knowledge and are diligent, success is not something that has to be achieved so it is not only necessary knowledge but diligent is also needed
jr. member
Activity: 73
Merit: 1
September 04, 2018, 07:09:43 AM
#1
Be thirsty for knowledge. Blockchain technology and crypto trade are new spheres when compared to mainstream industries and much is in development right now. Knowing more will increase your success chances, build up your trading portfolio but also the quality of analysis you do on daily basis. Investigate things that have nothing to do with trading but can help you understand the market better.
Each day there are exciting discoveries that can change the face of the crypto world drastically. Understanding them will help you develop your own strategy, design more effective analysis, and generally improve your trading skills.

PS: For trade-only education, visit our website, https://www.cryptocointrade.com. You may find an interesting thing or two while reading our articles. And it is completely for free, so no losses on anyone's side Smiley
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