Is trading just educated guessing? - page 21.

supercanada1

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Quote from: Misshi on October 28, 2017, 04:51:25 AM

Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

That is not true. Though it has a smart guess or just an instinct. But trading involves skills that you learn. You can't win a trade with simply guessing the chart. I don't know successful and expert trader who are just guessing with their prediction. It has a fundamental skills and technical skills.

The bitcoin is not increasing more and more as the trading only it is the reason because a lot of the people are having the increasing price of the bitcoin so hold the value and the income will be more than this, a lot of the people are trading in the bitcoin and the price and the value of the bitcoin will get more high If they will hold it and they will not sell at the low price of the bitcoin.

roddy5

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Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

Just like those trading stocks, trading crypto currency requires review on
previous market trends and also forecasting future development of the coin.

The only difference from the trading stocks is that you don't have a company to rely on.

Strught85

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For me, it is not just an educated guessing. As a new trader, I experienced aÂ whole lot of difficulties throughout my first encounter in investing. You have to be cautious in your choice on when is the appropriate time to buy and offer to gain some earnings. Somehow, for me, it is generating the appropriate decision and not only guessing. You have to be common in buying and selling and bitcoin entire world. Know the approaches and techniques of investing.

bearexin

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Quote from: gabmen on October 28, 2017, 07:29:53 AM

Quote from: Misshi on October 28, 2017, 04:51:25 AM

Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

That is not true. Though it has a smart guess or just an instinct. But trading involves skills that you learn. You can't win a trade with simply guessing the chart. I don't know successful and expert trader who are just guessing with their prediction. It has a fundamental skills and technical skills.

Right. Where do you think these insiders get the tips they sell? From experienced traders who pretty much have figured out a way to effectively read the movements of coins most of the time.it can be you if you're really determined to learn

Yeah you are right enough in this regard. Some of the experienced people who have put their major portion of life in trading and investing, they are surely an open source of learning. As you said, that really depends on you whether you can take shine from them or you just ignore. They have seen the ups and downs of this market so they can better tell you what is happening and how.

Osarman

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Quote from: McOdin on October 24, 2017, 02:48:56 PM

Guessing is the lack of information to create a liable answer.

Trading cryptocurrencies is more than that. Skills in analytics and pattern-recognition is needed. It means you've understood the flow of the charts and created a possible outcome in your mind.

If you are a good trader, I will ask you this. Have you always been profiting all the times you have been trading? If NO, then that best answers the fact that it is a guess work but you are only safer doing it with some good analytical skills. If you have always been profiting without a single loss, then I will say you are just still lucky or new and sooner or later you will understand my first fact that i stated before this one.

robotrobert

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Quote from: chip211 on October 22, 2017, 11:16:06 PM

Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

Of course I would be more profitable if there was internal information. When you know something in advance, you can buy or sell it to increase the profits you can achieve.

It is most of this information that helps with decision making. Without them, we may not even know some moves to make and most of them assist us to make good profit as well if we are fast enough to utilize the information before a huge number of people get shit load of the information. Could be a bad one or a good one, but they always help.

enterprevic

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To me it is not educated guessing in anywa or form. If its educated guessing then all the high flyers in school ought to be traders since they're a real smart and would be trading with intelligent guesses. I assure you that once they start trading with that kind of technique then be ready to hear of the ruining of a guessing trader. No body guessed to trade profitably. It takes time and wisdom

MoonJeina

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I don't think that trading is just educated guessing . An efficient and experienced trader will look out for the best time and best value of bitcoin for trading . A trader also makes sure that he trades with a trusted person . All the ups and downs in the market decides the degree of trading . But on the other hand there can always be a risky outcome associated with trading .

carlisle1

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Quote from: Genemind on October 28, 2017, 10:04:20 AM

Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

Usually, what I do is to ask in forums here in bitcointalk. The problem there is the legitimacy and secureness of a project. We actually have no idea. For me, it is like gambling. Once you play, you’ve got to accept the result.

well if you can analyze the project then yes you will be able to guess the right timing and its the big advantage knowing this forum as we will be able
to get some insight with what the project will do if there's updates that will happen to the coins.

Apened

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Quote from: Genemind on October 28, 2017, 10:04:20 AM

Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

Usually, what I do is to ask in forums here in bitcointalk. The problem there is the legitimacy and secureness of a project. We actually have no idea. For me, it is like gambling. Once you play, you’ve got to accept the result.

The last line you said was true but herein asking in forum i think is not too advisable because some of the many traders are bluffing or saying a bad coin that can make them money. It is always better to have your own research so you will not just do a pure guest.

Genemind

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Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

Usually, what I do is to ask in forums here in bitcointalk. The problem there is the legitimacy and secureness of a project. We actually have no idea. For me, it is like gambling. Once you play, you’ve got to accept the result.

Pattart

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Quote from: chip211 on October 22, 2017, 11:16:06 PM

Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

Of course I would be more profitable if there was internal information. When you know something in advance, you can buy or sell it to increase the profits you can achieve.

Information is very important to provide a reference to you for more research. is it that coin really potential or not? trading is not just guessing but more than that because you have to find many things to make sure that coins have a high price in the future or not. research can be many things like inside information, speculation, news, etc.

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Quote from: Misshi on October 28, 2017, 04:51:25 AM

Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

That is not true. Though it has a smart guess or just an instinct. But trading involves skills that you learn. You can't win a trade with simply guessing the chart. I don't know successful and expert trader who are just guessing with their prediction. It has a fundamental skills and technical skills.

Right. Where do you think these insiders get the tips they sell? From experienced traders who pretty much have figured out a way to effectively read the movements of coins most of the time.it can be you if you're really determined to learn

Misshi

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Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

That is not true. Though it has a smart guess or just an instinct. But trading involves skills that you learn. You can't win a trade with simply guessing the chart. I don't know successful and expert trader who are just guessing with their prediction. It has a fundamental skills and technical skills.

naidray

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Quote from: Kr8os on October 23, 2017, 06:58:04 PM

To some degree, yes, but I feel like the same can be said about investments in general. It's an ongoing event and unless whatever you're investing in has pulled out of the market or gone bankrupt, trading will continue to be educational guesses based on research and history.

That is true. Practically, everything decision we make investment wise, are still pretty related to guessing since we are not sure of the outcome.

The only difference is that with some level of information, we find ourselves assured of making the right decisions. This does not prevent shits from happening and will never do, but at least you would have known you made an attempt which could have been good but shit just got wrong.

Osarman

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Quote from: arlinxoha on October 25, 2017, 05:28:32 AM

I do not seem to be educated for trading. Some good things have to stay in people. Many educated people use Bitcoin. Invest in bitcoin. But not everyone can benefit from trading. Because the skills, courage, confidence, and experience needed to trade. There are not many good people in this quality.

I never got any benefits from trading, even FX trading and cryptocurencies trading. Well, trading still requires being educated to understand what its all about, though there is nothing much to learn about it. You can’t actually predict the market, so you might the wrong guess or the right one maybe. It’s just left for you, but I believe by being an expert your chances of winning is bigger than making loss.

Savemore

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Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

For me, trading is not educated guessing. We need a lot of knowledge and information about trading. I can considered that the trading is really a hard job. We can earn big amount of money if we have a lot of knowledge.

dancingnancy

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Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

It's all about your personal experience with trading. You have to make speculations to make decisions. It's not entirely about guessing as you are applying your knowledge to earn. Profit is an irrational topic it depends on the situation.

mriansa

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Quote from: dannon on February 23, 2017, 07:12:58 PM

Can you really be sure you will profit unless you have insider info?

yes it is true trading is education that explains that buying cheap goods and selling them at expensive prices, but if not done in real education then it is just wasted, we must apply in bitcoin because the graph is very fast and its change very fast.

CoinsCoinsEverywhere

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Certain chart patterns tend to work 1) because of the self-fulfilling prophecy effect and 2) because they indicate particular information about the view of the market participants as a whole. For example, double tops show a lack of buying interest by traders on the second peak. If the demand isn't there to move the price to fresh highs, the price rolls over and starts to fall as the rest of the market sees that new highs aren't about to happen, and they get out while prices are still good. That is the "educated" part.

In any trade, there is always an unpredictable chaos factor. Even if everything looks the same as a previous chart pattern, who's trading at that time and how they're feeling could be different, and there's just no way to know ahead of time. So in the end, you do have to make some sort of prediction or guess.

So yeah, I guess trading is just educated guessing. Just make sure the "educated" part is included. Otherwise, it's just gambling.

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