Topic: Education is the Key (Read 394 times)
Chart are not clear enough the only provide a clue of possible trend but it still require extra tools to do the analysis. As for emotions it happens to be the greatest enemy of traders and it can so ruin a wallet. Following the herd is like depending on others for signals without running your own analysis and research. Crypto trading involves individual analysis signals and bots too also fails.
...1. Charts don't lie
"Charts don't lie," but for some reason every trader looking at them sees different things. Accordingly, one opens a long, and the other opens a short under the same conditions. Accordingly, charts alone will not be enough for correct decision-making, since experience is a prerequisite for successful trading.
~
They say a picture is worth a thousand words... Here is one, when we are already talking about the importance of good education:
Of Course Education Key Our Life
If We are Educated Then we are do job any company any Country. And Job means Our Life Changes. And If You Educated Person Then You Can Teaching your Children your relatives children. So Of Course Education Important our Life
If We are Educated Then we are do job any company any Country. And Job means Our Life Changes. And If You Educated Person Then You Can Teaching your Children your relatives children. So Of Course Education Important our Life
In crypto space education is the key, leave those BS people are talking about
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
The charts don't lie, but we are greedy to chase more profit. But you can learn about charts to know when to enter and exit the market. Chart analysis knowledge is necessary because that is our way to trade and avoid big losses.1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
Besides that, we also have to manage emotions in trading because if we follow emotions, we will not be able to make profits and even get losses. People analyze and predict where the market will go but never know the truth. So we also don't need to follow what they say but analyze it ourselves.
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
Actually they do also. Charts are good basis of result or possible outcome but you dont totally depend on it. Its not like its gonna give you a correct fact for your trades. Its a conditional process wherein your end result could end up opposite on what you think. But Im not saying dont based there, but consider also having a different outcome for that. 2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
Education wasn't hard to get, Education is very important and the key to success but why are some people still suffering losses and failure? And that was because they are too hard in applying what they have learned. Well, the challenge is execution - kinda people are getting wrong with that, particularly in decision-making and most especially if we have been influenced by our emotions.
We consider this as the thing to help us achieve our goal but also accompanied by hard work and dedication.
Exactly,we learn everyday,but its hard to apply what we learn.When we are unable to apply what we learn in the things we do,we therefore become slaves to the things we've learnt.Education is the key to every successful society,when a society fails to invest in the education sector,there is every tendency that the society will crumble and fall due to lack of enlightened personels that can handle the affairs of that society effectively. We consider this as the thing to help us achieve our goal but also accompanied by hard work and dedication.
Education wasn't hard to get, Education is very important and the key to success but why are some people still suffering losses and failure? And that was because they are too hard in applying what they have learned. Well, the challenge is execution - kinda people are getting wrong with that, particularly in decision-making and most especially if we have been influenced by our emotions.
We consider this as the thing to help us achieve our goal but also accompanied by hard work and dedication.
We consider this as the thing to help us achieve our goal but also accompanied by hard work and dedication.
<…> 1. Charts don't lie
Just to add a quick interesting case we’ve seen today whereby charts can be manipulated (likely unintentionally in this case) to depict a scenario that does not stand if we zoom out and include a wider timeframe into the picture:The St. Louis Fed Twitted on a blog entry created yesterday by the FRED. The entry compared the price evolution of a dozen large grade A chicken eggs in USA over time, comparing a chart priced in USD with another priced in sats – both from January 2021 until April 2022. During that timeframe, the egg price rose 71% in USD, but fluctuated way more in sats...
Nevetheless … if we include data from an additional year (say the beginning of 2021 – play around with the sliders near the bottom of the charts or see https://twitter.com/Nneuman/status/1533923935808520195), things change drastically in favour of bitcoin over usd.
The above goes to show a simple example of chart manipulation by rearranging the timeframe it shows.
See: https://cointelegraph.com/news/fed-forgets-long-term-dollar-devaluation-when-pricing-eggs-in-btc
In crypto space education is the key, leave those BS people are talking about
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
You can be educated but still don't have the knowledge of Bitcoin and crypto currency in general,
Charts don't lie but people apply what they saw in charts yet they don't succeed and you can not apply emotions in trading for instance and to lose funds so I think the best thing to do is to gain enough knowledge of crypto before trading or staring you investment journey.
Another thing you need after getting knowledge is good information, when your not rightly informed you will also not do very well .
In crypto space education is the key, leave those BS people are talking about
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
But it's not simply enough to say that the charts don't lie. People need to be educated from the ground up and knowing how to read the charts is pretty far down the line. A complete understandings of the basics is needed for any new potential investor (I say potential because no investing should be done before education).
In crypto space education is the key, leave those BS people are talking about
Responding from the subject sentence of this thread, it's very obvious that educational foundation is the brain behind good movement of cryptocurrency investor, because if you are not smart you can't comprehend directly the chart of bitcoin or cryptocurrency1. Charts don't lie
what you portrayed is the truth of chart, chart of cryptocurrency just tells the truth, but what mislead some people is the ability to read the chart and interpret it, if you understand chart that you have scope of cryptocurrency.3. Emotions is the real money killer.
emotions is what misleads people, and especially people who is eager to make it, without trying to understand the procedures either trading or long situation investment.
Education is the greatest tool every human being can ever have.It is what holds any society together and gives it hope for a better future.Education gives the society a shape of of how things work out,and how things are supposed to be done therefore,it is necessary for any society to train it youths so that the future of that society will have the assurance of good leadership.
Moreover,the educational system of nation should be invested in,so that the students will have a condusive environment for learning.
Moreover,the educational system of nation should be invested in,so that the students will have a condusive environment for learning.
3. Emotions is the real money killer.
Emotions and decision making do not make a good mix, when you make decisions with emotions, those decisions are most of the time biased, and It can pose a danger when this decisions needed to be made now involve money. If you make money decisions with emotions, you may loose all your money from being biased and not straight thinking. So a good question to ask oneself when making decisions, especially those involving money is, am I making these decisions based on emotions? If so, please seek a third-party opinion. Charts don't lie, people do.
Well, learning could somewhat help a lot but can't erase the fact that people will still suffer losses because that was the nature of investment and trading. Even though we spend 2-3 years in crypto, still makes no sense if we still allow our emotions to make decisions, not our minds. And instead of reading books about crypto, and doing chart analysis, I guess it was better to priority on how to control our emotions first.
Education is the Key
Education is important, as the basic thing that we should have even before coming to the crypto world and moreover invest in any coin. We need to deal with this to get knowledge about the crypto industry. However, education only is not enough, education without a good mentality in controlling our emotions will also mean nothing. It needs balances, not only about knowing that we should have but also how we can control our emotions very well and wisely, because if we are only smart but we are impatient, greedy, and cannot control our emotions, we can end up losing and being stressful. Charts don't lie, people do.
The chart doesn't lie, but anything that can change immediately that makes the ending is not the same as we expect from the chart. There is also another factor that influence the market and we need also to pay attention beside the chart,that is the news (wide from good or bad) 
In crypto space education is the key, leave those BS people are talking about
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
It depends, following the herd can be profitable if executed properly like the saying “buy the hype sell the news”. Number 3, I completely agree with. The mind matters when trading. Emotions can make you enter/exit a trade prematurely, when personal feelings get mixed in trading it becomes difficult to be clear mind to make decisions. But can we truly trade without allowing our emotions get the better of us? 1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Like pepping spirits, walls have ears and market markers and manipulators are always listening; that's the logic that could explain why things go opposite. My thought on that, however, is that many people who chorus a particular market or price direction may not even be TA traders who actually take time to monitor charts. There are people who just want to chant what others say without knowing what informed it. Again, I believe that despite the fact that there's no perfect situation anywhere in the world and that charts may not always be accurate; it's not any wiser trading without them. Doing that is pure gambling. 
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
Personally, I agree with you on the last option, which is controlling emotions, but the rest of the available options I can say are:2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
It is impossible to repeat the same patterns/Charts, the market is not an arithmetic equation because it has many random variables and we have a lot of outliers due to epidemics, wars, supply chains and other problems, so it is impossible to repeat patterns or help predict in the medium and short term.
As for following the herd, you can benefit from it to make profits, as retail investors represent a good percentage of the total daily trading. ) and thus more sales.
In crypto space education is the key, leave those BS people are talking about
Education is the key to what? There is a clear distinction between education and knowledge per say. What we do is to learn and improve our skills, we do not attend professional higher institutions for crypto.
1. Charts don't lie
Yea, charts don't lie. But charts isn't manufactured on the fly. There are data that every chart is based to ascertain its accuracy. So when the data is faulty, charts will lie and that is why the market often relegate some strategies and that is why we must back test.<…> 1. Charts don't lie
Well … it depends ... We could resort to Mark Twain’s There are lies, damned lies, and statistics which I tend to use as a personal text, when I don’t find a better use for that space. Charts often represent numbers, and in order to take a given chart for granted, we need to be sure that the underlying data is correct, was properly gathered, and that the representation is adequate (*) for interpretation beyond doubt. On top of that, charts will tend to fail to provide a context on their own, which in BTC is crucial in many cases as strong fundamentals can easily sway trends.
(*) A counterexample would be Purdue Pharma’s deliberate use of a misleading representation when charting data to support their marketing claims that their drug product wasn’t addictive. In order to do so, they used a logarithmic scale instad of a linear scale, this giving the wrong and smoother impression with their data.
Charts don't lie but whales can manipulate it just like what happened to UST and Luna that attacked by institutional company to punish the project ideology. This is just an isolated case but manipulation is very common in crypto due to its thin orderbook so no matter how bearish or bullish the coin is. There might be a chance that the technical analysis on chart will always show an accurate result especially the long time frame.
You really think the whales was behind of UST and LUNA crash? hell no, the CEO and the team are the behind of the crash. Although we see they're cooperative and likely want to make their coins to be top 10 again, also promise their holders that their coins will recovered and not failed. But how do we know behind it? This is why I don't like anything that's centralized since you're need to trust 100% about his words and I'm not the person like that. 
Education is the roadmap to success and no man can excel without it. As for emotions in business it won't take anyone far, even in real life affairs cause it will always end up in pains. Not to talk of in business.
1. Charts don't lie
Yes and most of models are wrong. It's easily to build up models based on past data but it is not easy to build up a good and correct predictive model. There is margin of errors, deviations from a model but no matter how accurate it is, don't bet all your capital because of any model.Quote
2. Don't ever think about following the Herd.
Sometimes, it is good. Example panic sell. If you smell that there is news which will trigger panic sell on massive scale, you should move before the crowd or do it as soon as possible, just like earliest panic seller. It is not harmful and you can buy back with more amount of coins or tokens. It means you take advantage of crowd effects.Quote
3. Emotions is the real money killer.
If you make your decisions solely based on emotion, greed or fear, sooner or later you will lose your capital. 
To a certain extent, I agree.
But, in all fairness, charts truly don't lie. They're a historical record of Bitcoin prices over time. They're based on facts. They're not created by people out of their imagination. But what we make of those charts are subjective. We can make a hundred and one different predictions out of them.
You don't follow the herd for the sake of following them. I suppose it's not that bad to be with the herd for as long as you are with them not because of going with the flow but because your analysis points to the same direction the herd is going.
When it comes to money, emotions are indeed a hindrance or an obstacle. Most often, if we want to come up with the most reasonable decision, it is better to shut our emotions down.
But, in all fairness, charts truly don't lie. They're a historical record of Bitcoin prices over time. They're based on facts. They're not created by people out of their imagination. But what we make of those charts are subjective. We can make a hundred and one different predictions out of them.
You don't follow the herd for the sake of following them. I suppose it's not that bad to be with the herd for as long as you are with them not because of going with the flow but because your analysis points to the same direction the herd is going.
When it comes to money, emotions are indeed a hindrance or an obstacle. Most often, if we want to come up with the most reasonable decision, it is better to shut our emotions down.
Charts don't lie but it never tell us what will happen in the future so anyone thinks that prediction is important based on the technical analysis to be more successful then its a lie. And about the topic what you define as education?
You're talking about either the knowledge or process?
You're talking about either the knowledge or process?
That's right, all this time the chart only helps us guess where the price will move. With chart analysis we have a guide on when to exit or enter the market. So that this minimizes our losses. But beyond that, there are many that we cannot predict such as Whale which has large funds that can change the state of the market. Then education without practice or implementation will then be ineffective, therefore doing it directly will be more effective.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
Because they're claiming themselves to an expert in prediction which is the fact that isn't. Charts don't lie, people do.
I tend to agree that the chart will not lie and all price history of the price was recorded there but the chart won't tells to anyone what will happen in the future. Though there are many people who believe that the chart will use as a tool to speculate the market price but that still remains to guess the price, there's no guarantee that you will have an accurate result.
That's a perfectly right answer, education is the key to how we do understand the market behavior even though it's unpredictable.
Consistency
Control over your emotions
Patience.
As said by Daniel91, have a good plan and strategy, don't be greedy.
Education is the first step in all, but you need additional qualities that will define you in tough days.
Hopefully you stay on the right path chasing your Crypto goals. Good luck mate (Ahead)
Control over your emotions
Patience.
As said by Daniel91, have a good plan and strategy, don't be greedy.
Education is the first step in all, but you need additional qualities that will define you in tough days.
Hopefully you stay on the right path chasing your Crypto goals. Good luck mate (Ahead)
In crypto space education is the key, leave those BS people are talking about..
The importance of having an education in a subject cannot be overstretched. I believe if a lot more people understood crypto there wouldn’t be panic selling when they see a little dip. Charts don't lie, people do.
Charts don't lie but it never tell us what will happen in the future so anyone thinks that prediction is important based on the technical analysis to be more successful then its a lie. And about the topic what you define as education?
You're talking about either the knowledge or process?
You're talking about either the knowledge or process?
MidNite36, of course, education is important, but so is experience and emotional control.
It's not enough just to know how to analyze data in charts, you also need to have a good strategy and investment plan and a clear exit strategy.
Knowledge and education are important but not enough.
It takes time and experience for an investor to be ready for all market challenges.
Good luck with your crypto investment!
Thanks, Daniel, it's why I mentioned that emotion is the real money killer, unable to have control over emotion is what leads to loss of money with zero knowledge achieved back, there are some loss lessons that leads to gaining some understanding but not with emotions, the move was base on FOMO. It's not enough just to know how to analyze data in charts, you also need to have a good strategy and investment plan and a clear exit strategy.
Knowledge and education are important but not enough.
It takes time and experience for an investor to be ready for all market challenges.
Good luck with your crypto investment!
MidNite36, of course, education is important, but so is experience and emotion control.
It's not enough just to know how to analyze data in charts, you also need to have a good strategy and investment plan and a clear exit strategy.
Knowledge and education are important but not enough.
It takes time and experience for an investor to be ready for all market challenges.
Good luck with your crypto investment!
It's not enough just to know how to analyze data in charts, you also need to have a good strategy and investment plan and a clear exit strategy.
Knowledge and education are important but not enough.
It takes time and experience for an investor to be ready for all market challenges.
Good luck with your crypto investment!
If you're talking about charts in the concept of trading — then sure, charts don't lie — because they don't tell much in the first place.
In crypto space education is the key, leave those BS people are talking about
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.
When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..
Charts don't lie, people do.
Jump to: