Bitcoin Forum

 Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?

I'd go the slowly but surely type of trading.

It's almost the same to have doubt and fear if we will compare that to having quick decisions. In trading, you need to be wiser with your decisions and you don't have to decide quickly because you have a plan to follow. If that plan you created wasn't followed then you have to come up with a remedy. Analyses takes time and its more of a calm observation.

It depends on what kind of trading you want to do..

You don't have to be fast to buy and hold, or swing trade, but if you are daytrading and trying to scalp some satoshis out of the market, faster is better..

You don't have to be confident that your trade will win, you just have to be OK with losing a little bit if you stoploss..

Have a plan to stoploss and be ok with losing that much of an amount, and place your bet...

Over confidence is never good in anything, not just trading. Cryptocurrencies market is not as easily predictable as other markets—no matter how bold you are, you will get flipped in fast fluctuations. Being confident, patient and calm is great for trading in general. Panicking and fear trading is the fastest way to lose your money.

Confidence in terms of trade is needed, but if excessive will result in good results in trading results because trading in the crypto world is not the same as trading in the abstract, it requires calm to choose buy or sell and see the market conditions that can change drastically at any time, so heart in trading

It greatly depends! In the crypto market, theres no guarantee in winning specially in Bear market because we can't short the market. We can only make money in bull market, and we can only increase the quantity we are holding during bear markets.

in my opinion, excessive confidence is something that will lead us to failure, because in our trade we also need patience and analysis on coins to trade.

The trader should have confidence in his actions. Confidence in the coin he buys. But the ability to make decisions quickly is also useful, but I believe that it comes with experience. If experience is not enough, it is better not to make hasty decisions, and you need to think everything through.

Too much confidence can hurt. To be sure is good, but in moderation. You should always soberly assess their strength and not miss the opportunity to bad outcome.

Either both ways because too much in everything would really put you into trouble which being confident isnt really bad but when you are already coming to a point where too much confidence will put you into scenario where you didnt already analyze carefully since you are definitely sure on what you have done. When things come to opposite ways then too much depression will surely be felt when your expectations had been broken.

In cryptocurrency trading, each trader should develop a strategy that takes into account the basic rules of cryptocurrency trading. Next, the trader should confidently stick to his strategy, know the market well and listen to his intuition.

And making profits in a highly speculative crypto market is also not easy, one may lose a major portion of his investment in one market swing. I would suggest to be sensible and patient while you invest, never be overconfident nor panick.

trading on crypto is arguably difficult because besides we have to have great knowledge we also have to be able to do some analysis on market movements and even patience will also be very influential. So if you want to trade well and get profits then you must have a number of these factors.

Nothing will ensure you certain results. I have tried a lot of ways in trading but no one get me satisfied. From that, I learned nothing will be counted as mistake in crypto and nothing is right at the same time.

May you use wrong words. overconfidence is not all good virtue in a volatile market
trading emotions are dangerous, just know when to stop and move on

People just have different views, some have a go big or go home attitude while others think that any profit is good.  The conservative guys are the ones selling during any small pump but they miss out on the huge gains by not being patient.  They both have their drawbacks and I consider myself a risk it all go big type of person. :)

Doubt, fear and confidence are all part of trading. None of them should be more or less. And they should be combined with your full analysis and thoughts. Overconfidence makes you lose much more and too much fear doubt make you miss a lot of profits.

I don't think that excessive confidence will be better in any aspect and not just in cryptocurrency because it could make us greedy.

We will feel that we can make more than what we get and we are trying very hard, but we forget that we cannot make more every time. We need to realize that that sometimes we need to say "it's enough for us and we still have the next days to try."

I think it's a weakness that hiding in your ability because, in a long-term, you will not realize that excessive confidence will ruin what you did until you don't have anything because you are too greedy to chase a perfect result.

Confidence and fears are both part of being traders

You are confident when you see the coins/token You bought are doing good and that is reality

But when the said coins/tokens starts to drops value then the fear took over and you will start to panic

The best thing to do is manage this both for a good results of decision making

Well you need plan and strategy to be able to prevent committing the usual mistakes as a trader. Just like what they say having confidence is good but too much is not right.

We cant predict the next price of our assets therefore if the current situation is in favor for you to sell then think about it.

Indeed. Its better to be careful than sorry for taking it in hurry, there is a right opportunity and we all know when it is.

Why would you feel a fear if you are already confident about the coins that you choose to buy and trade ?  In trading you cant feel both fear and confident but you must only choose one  .  you choose bieng confident and continue your trades even when the market is in bad condition or listen to your fears and not enter the trading scene at all  . basic

Not only with trading, on each and everything there should not be over confidence or excess confidence. In history itself one can find more such incidents were kings have lost to their enemies just because of the over confidence that the king has over his soldiers..

If you are a long term holder, you will not of course consider the difference of bucks. So, it's not matter to make quick decision here. But when you are a day trader, you must have to take decision instantly so that you don't lose the opportunity.

Based on the experience i would say. All who say it might not have succeeded but yes who are into it for decades know how a decision should be made. This is not all about confidence, this is all about the time and the market growth when you are into trading. Confidence, patience are best characters which should be practiced.

Patience and Confidence does really contradicts when it comes on possible action would be made depending on which one you do follow. Patience do wait and Confidence is immediate action.
All excessive things will really lead into problem.Lets talk about excess confidence which with this, your decisions do made will be on a hurry yet you are quite sure on your analysis but not most of the time your
predictions and analysis would be right.So,it would end up on frustration and same goes with patience, too much of it will really lead to loss where you do missing out the golden opportunity to sell.

Well, you need to be confident in what you are doing in order to put in your best in it, therefore having some degree of confidence is necessary. However, when it becomes excessive, it can really get bad because you won't be able to think rationaly and see how things would go. But overall, being confident is better than being consumed in fear and doubt.

Is really a good thing because one minute thought can kill your chance at making some serious money When trading making decision quickly normally save you from losing out although it will be good to watch carefully than making it hot just have some principles on trading and be quick

Hello. You just need to understand what you are doing. Understand what and how? Then the question of over-confidence will disappear by itself. Knowledge is power.

With full confidence it is good, but it must be in accordance with our abilities, meaning that we are always optimistic in doing things, with confidence that we can do it, but it would be good if doing something must be careful.

Confidence is not so good, because at any time the analysis can fall with an increase or fall of bitcoin, it is always good to know when to enter the market, but you should never assume or trust. The market can give a surprise not very pleasant.

Overconfidence doesn't do any good. I think so. Traders should always consider all possible scenarios. Fear and uncertainty can protect them from rash actions. I think that everything should be in moderation.

I believe that having excessive confidence will not good for traders because it will give effects that we can always make a profit in any situations. We will underestimate other people skills, and we don't want to listen to other people say.

I would say that it will a big drawback for the traders because they feel that they are superior to the others. We need to stay away from this feeling, and it is important for us always to control the emotion.

As long as you are experienced and sure about the market move of the coins you have invested, then yes well and good to go with quick decision with excessive confidence. But this would not fit to either beginners or the experts at times. Hence, its not bad or wrong to take time in deciding. But once you have decided to move, i would say, do not turn back. Have patience. The current market requires more patience.

With a fairly mature analysis and confidence will answer that doubt
but remember it also takes time to be right.

of course having a strong self confidence in conducting cryptocurrency trading is able to give courage to make a mature decision, because in trading the risks that will be faced of course are in themselves which is dare to take the right action

That's the way it is ,in critical moments, you can make right decisions by your tact that you have already learned, eventually ,you will take quick decision in risky time. perhaps ,all of the decisions  is'nt entirely correct, but according to your knowledge is the best choice can possible to happen.

Trust in Cryptocurrency & trust in a decentralized system is as equitable matters. I do'nt know ,Where do come from all these shocks and the buzz about crypto ? You think that routine life does'nt have a risky pose? However,  I personally prefer to help to improve human generation.

In my opinion, it’s not about courage and speed of action. Trading on the stock exchange requires good market knowledge and relevant experience. Then actions will be taken confidently, correctly and on time. In general, in my opinion, it is better for a trader to act on the cryptocurrency market cautiously than boldly, because mistakes cannot be avoided, and with careless actions errors will multiply and increase.

this is gold. speed in trading is a double-edged sword, while speed allows capitalizing on short time interval opportunities, for majority of normal trader (myself included) striving for speed will more often than not mean less thoughts were put into making that trading decision, costly decision.

With learning about the market itself, it will give us confidence to trade so we could know how to react with the market. But never overconfidence because we will never make any profit or we will lose the money. Overconfidence will not bring good things for our life, and we could lose so many good chances because we don't want to open the eyes to take a look at the opportunity in the trading.

Through learning one needs to find the right time to make trade moves. It can be of the buying or selling, confidence level on trading needs to be enriched, but the same should not get turned to be overconfidence. With overconfidence one could earn for a short but this cannot sustain long as the cryptocurrency isn't the same as other markets.

Overconfidence will burned you out, better to always have extra precautions and always make a plan B, in anyhow people who have a strong knowledge regarding to a trading activities won't denied that they also afraid of making mistakes, knowing that there's no perfect trade as everything still on the hands of your fate, even analysis and patterns can't assured any correct movements, though it can give basis and a mguh higher chances but the truth is
there's still otherside of result which can burned everything out.

You should trade with confidence and also have good alternatives just incase.

Making some Plan B's is a must yet not all plans would really be executed nor be effective anytime or simply profitable.Confidence is a must for us to make some
analysis but excessive of it will not do any good because you would really be sure enough that you are making money with the price you had set out.Sometimes
this do really lead to frustrations.

Excessive confidence is similar to "star disease." Influenced by their success, people tend to overestimate their capabilities. But after great success and ups, painful falls occur, especially if you work in the field of cryptocurrency. Therefore, all actions must be carefully weighed and careful.

Confidence is always essential, be it walking into an examination hall, or into an interview, being confident puts a little bit of pressure off ones shoulders.
But being over confident isn't advisable, if you're to trade confidently, do not go ahead and throw caution to the wind by taking decisions that's not so good.
Everyone will surely pick confidence over timidity or fear, fear makes you lose even before you start off.

Frustration would really be real if you do expect that you can make profitable trades because you are confident into your analysis which isn't really guaranteed at all.If you don't know on how to control your confidence
this will result into greediness later on where you tied up your too much confidence on making money thru trades.

Being confident about what you are doing is a good thing but it is not going to give us profits,if we faced losses then it might help us to correct it on the next occasions other than the benefits are nothing.

That is how positive we look into our trades. Though it sometimes we consider some bad news which affecting the market price but not putting into an account that we just let eaten by doubts and uncertainty. It came into the point that we also make decisions in line with the current trend either the market will fall or up as how it plays.

Excessive anything never leads to anything good. It is always necessary to evaluate both negative and positive aspects of the situation. To be ready for anything.

Of course strong confidence will make you mentally stronger during trading, if doubts and fears overwhelm you then you will only always be hesitant to make any decisions that will make it difficult for you to get good profits. Excessive confidence will have a different effect in my opinion, because there are some that strengthen themselves when they are indecisive and some strengthen themselves when they have had good analysis beforehand, of course everyone must have their own views to make quick decisions in trading.

Yes of course, we should also be in consideration with negative factors affecting into our trades and so we can prepare for it. But we should feel confidence in all we do cause that's the only thing to boost our self and being positive for the possible results. This is also to overcome our fears and leave it.

If we are into this, we should have to do it seriously and accept some instances that we commit failures as a part of a traders life.

Excessive confidence without a working strategy and skill set is doom in trading and in any kind of business adventure. One may get lucky a while but the end result is always losses. In crypto trading per se, a major part is control of one's emotion. If one can't control one's emotion one will mess up one's strategy no matter how good the strategy is.

Excessive confidence means he ready to take any risk that will come. It is what trader must have, because if we always doubt with what we want to act, we will lose chance in trading especially in big volume coin.

Choosing between the two I would choose excessive confidence because this will make you very optimistic.
You have the confidence so even if the market is not progressing in terms of value, you will still continue to believe and this helps avoid loses.

Doubt and fear will only result to one thing, it's panic selling which you already loss at that point.

Correct, you need to take that risk, but always remember that it's a different risk that we are talking here, it's not the risk when gambling though. Risk here can be mitigate as compare to gambling wherein you excessive confidence will surely bring you losses. So that's the big difference between the risk taken here and in gambling.


I will also choose excessive confidence here in tradng. If I have doubts or questions in my mind, I would rather step up and not trade as all, otherwise if may end up at a loss somewhere along the way.

I had this once upon a time. I was doing great during the bull market of 2017 and I literally made 200%+ in a month in fiat terms and god knows how much in bitcoin terms as well and I was trading awesomely, no matter what I bought went up higher than bitcoin did so at the time bitcoin was gaining value in dollar terms which made me profit but also the coin I bought was going higher than bitcoin as well so I was gaining more bitcoins as well.

So, I got a bit cocky about it and than I found the harsh truth about how anyone can make a profit during the bull markets but when the bear market hits you have absolutely nothing to do because no matter how great you are the bear market will destroy all of your winnings. That is why now I try to be much more careful about how I do my trading and do it a lot more slowly.

Last year was the perfect example of how people being overly optimistic got brutally punished for their ignorance.

The smartest people turned out to be the dumbest people last year, those who panic sold very early on when they started to see the market crack up badly. People tend to make fun of weak hands, which I have done in the past as well, but who's laughing now? Being less fundamentally biased is a better option for your coin stack, because it will allow you to buy back more coins for the same amount of fiat much lower.

Having so much confidence in the market will make you too familiar with the market, and once you become familiar with the crypto market, it becomes so hard for you to prefect how the market will go because crypto is very volatile and can go anyway it chooses to go.

I think what will make one gain a lot is learning the tactics and analyzing the market accurately in order to be sure about a market before buying into it.

But having confidence on the wrong coin will make us to be in losses,so we just keep crypto earnings as one source of income nit us our primary source of income.

It is not good to be that too confident with your market analysis. Sometimes, being that too confident will affect the momentum of your trades. I will still go with just enough confidence, the unsure feeling that maybe my entry isn't a good one will still make our trading balance as well.

I think you are confident only when you have knowledge about the things you are dealing with. And when you have knowledge, you no doubt will make money. So I think that it is very important to be confident about what you are doing. You should not really give it just a try to loose your capital in the first chance. Many people do so with little capital to learn and then enter with bit capital to make immense profits.

Just confident about where we need to reach in iur trading is enough,that is how much target of profit need to look out matters no matter of how the market is.

Please keep on average. because everything has too much will not bring good results. In the area of investment, the most difficult thing is the balance between reason and emotion.
When emotions are overwhelmed, we will do foolish things. so good investors will never be too confident and subjective. they will always analyze carefully to make the best decision.

Enough confidence shouldn't be unsure because this can be considered already as doubt which shouldn't be avoided when making trade to keep the emotion intervention away. Whenever we make a decision, we should push it through and also accept if we make errord.

It is very important to have confidence in our investment, either in a wrong coin or a good coin but we must not 100% rely on them, this is why I will buy into your idea of not making it one or major source of income. Many people that have invested in wrong coins didn’t actually plan to do so; they might have seen the light in the project when investing.

Including the project members themselves but probably something happened along the line beyond their control that made the project shift from being a good one to a bad one. If we don’t build our confidence in any of our investment, this is where panic selling comes in and eventually makes us to lose it all.

Your confidence is useless if you will only invest on badcoins because they wont have a good future and no matter how confident you are of hodling them , your chances of earning a profit will still be zero  .  you will only wait for years and even decades for nothing  , this is why i suggest go only for the top and popular coins such as bitcoin and etherium because even if you are not 100% confident on them , there is still an assurance that you can earn an income .

Too much confidence on a particular token can be bad since most of what has been promised by team are just whitepaper saying.  As trader learn to trade without emotions always know when to sell and buy any token

Well excessive confidence basically means being cocky. And we know that it sometimes that can lead to massive losses. Yes confidence is essential to have a positive attitude and making sound decisions but getting over cocky, especially if you don't have that much asset, can end up pretty disastrous.

My analysis is only accurate at a certain percentage and never reaches 100%. I think don't be too confident in any decisions that we will make ourselves because it tends to go against you. If we know how to divide investment capital and list which bad and good coins will be better. To do that, you need to learn a lot of outside knowledge and apply it to this market

I have been watching the cryptocurrency market without interruption for a long time and I expect the implementation of all the positive forecasts that have been made until today. At the beginning of 2019, we should have seen real growth rates of the cryptocurrency market, but we saw only 10% of real growth. It seems to me that you need to pay less attention to forecasts, so as not to get upset.

Sometimes we just have to allow our intuition play a bit which is quite better than building extreme confidence in a token like you mentioned, though we still need to have certain element of trust in whatever token we are holding because that is what will give us the freedom to be able to talk positively about the coin which you and I know that positive news has a way of strengthening the particular coin.

What has gotten Bitcoin so far now and still keeps it going is because of the communities spreading good news about it because of the confidence they have built and this action mostly attracts new investor that will come in and strengthen the price.

Excessive confidence and emotionally responsive (negatively) on the market is very dangerous especially when day trading, it should not be the basis of trading, it should be the analysis (technicalities) on a certain coin we are trading. Don't worry if you lose a trade, we are all flawed and entitled to commit mistakes in an uncertain industry like this.

Excessive confidence is made in something on the basis of knowledge of that thing.
If you have the knowledge about cryptocurrency. I assume you would call it the future of the financial market, then it is a good thing to have huge confidence in cryptocurrency because I have the same concept about cryptocurrency.

You should be holding coins of great potential fir long may be ten years from now and they will be big things not even predicted yet.

I think that over-confidence may not always help. Sometimes this can have a negative impact because due to excessive confidence the trader may not notice some points that are worth paying attention to when making trades.

Depends upon how experienced you are. The more you are experienced, the more you can be strong and bold enough in handling trading. At times it does not help though being an experienced as it depends on market condition and its fluctuation. Try investing in multiple coins to avoid losses which will uplift your confidence more.

high confidence is needed for a trader. if we think we want to get a profit then we will always have high hopes, that also happens to a crypto trader, the value of a fast-changing bitcoin indeed requires high intelligence and also great expectations. so high confidence can be our big capital to be able to achieve success.

That excessive confidence should be backed up by news and progress and not just because you only want to feel that way in your coins. It's just like you are your own pump and dump group hyping it to everyone. If you are confident to your coin because it is a great project then that is good but if its a shitcoin then that ain't right and you should feel doubt and fear if you haven't profited or sold it yet.

well, one mustn't go such straight forward. just keep it in the middle, some moderate trading. make it a hobby which takes 1-1.5 hours a day, use stop loss and take profit.

I really dont get the question. Overconfidence as well as fear is never a good teacher,no matter what you are doing. Nevertheless you have both sides in you, depending on how much you know and how you feel about something. Try to learn as much about cryptos as possible and trade as objective as possible.

I think what he is just trying to say is if it is good to have full belief in the cryptocurrency one is trading without having feared or doubt about it. I guess there cannot be any general definition on this as trading an asset includes lots of factors which may change over time. When factors are varying over time, not getting panic will not be possible all the time for a common trader.

A trader must have to actually believe in his investment that it will yield a positive result but once you are too overconfident in it make a trader blind to quickly see any calamity they may be trying to befall the trade at that time, one must not fear in one’s trade but you must still fear for the market, the marketcap might collapse if there is no much buying going on in the trade and if one does not always have this at the back of one’s mind, necessary precaution that one need to put in place will be missing.

I have always tried to objectively evaluate my chances, but I always managed to realize only 50% of their intentions. To even Until today, only half of my assets generate income in daily trading, and the other half really stayed in place.

Quick decision depends on what decision it is. For me I think it is better to take such quick decision when you want to exit a winning trade and in profit so it doesn't revert to losses. Not a quick decision to enter an order because you will always have another opportunity of entering again.


Confidence and boldness is better but it can only happen when you are actually confident in their strategy. Fear kills because it leads to doubt which brings a big drawback.

Well I agree, when decisioning while you are in a winning position can be done quickly, disregard any thoughts that there's still much higher peak to be reached, as greediness  will make you suffer after, while in the other side, taking some time when you are thinking about cutting your loses with losing trades is around.

Depends on a situations, you have to always be in a confident way of making any calls while you are inside this industry.

It maybe you have to revise your portfolio and think about of your assets who doesn't, either to diversify them and put into additional of the other moving coins in your wallet. Cause for me, I suppose to sell them if I see that I've never get profiting.
As we saw the market moves, we should have to follow its flows and look for coins who are moving by then and so we never waste time in storing dead coins.

Is really a good trait to have some confidence while trading but too much of it can really wrack you intopieces rather just learn to control your ego and emotion and trade with facts and insight

I think overconfidence is not a good thing because you will underestimate various suggestions from other people, do not see other aspects to be researched because you have overconfident yourself, it will make you make mistakes dude..

I think confidence is necessary but it also needs to be considered carefully. Sometimes our intentions cannot go as planned perfectly. Sometimes we need to eliminate ego to be better.
Investment is always combined by emotion and reason. Please analyze carefully before making big investments. at equilibrium is always the best. ;)

Trade for profits no matter of what and just hold when the price is dumping is the strategy need to be remember by the people who don't want to play with risk in trading.

Although having enough confidence or skill still won't make you successful trader,need little bit of luck too.

Being into cryptocurrency trading needs confident and to the same there is need for continued observation on the market as well regular learning on the tips and tricks used by pro traders. These tips and tricks need to be adjusted according to our need and should be used on trades to get the good return, because we cannot follow the same strategy followed by the other because the market moves irrespective of time.

You cannot trade with good if you have overconfidence because, at that moment, you will underestimate the market and you are pretending that you control the price, but it's not. I have seen many people who do that, and they ended by losing much money. And if we don't want to get the same thing, it's better for us to start controlling our mind, and we need to prevent overconfidence because it will affect our trading time. We can get lost the chance to make a profit.

if you want to be a successful person there must be great confidence and courage because they believe that the strategy used will succeed and produce promising results

emotions usually screw you when it comes to any type of trading / investing.
too much hope means you'll miss the red flags of a plummeting devaluation.
too much negativity means you'll sell at a loss instead of being patient and possibly making some profit.
for example, i bought ANS ( neo ) at around 1.00 usd. i sold it at 2.00 usd, thinking i was a supreme genius.
it eventually hit an ATH of around 200 usd?
i could have been set for life if i waited... but then again if i had held out at 200 usd, and waited, it would have plummeted to what it is now, around 10 usd.
you need to always have an exit plan for both gains and losses, and hold yourself accountable to them, or else you'll always be trying to catch the latest fad coin and you'll go to zero.

Confidence do helps because it can help you to decide more easily and being confident or positive in life do also attracts good karma or luck  however in crypto trading we dont totally hold the price or the market because they are being controlled by large group of companies/people commonly known as whales  . no matter how confident we are with our moves  or strategy but if the whales decides to dump and manipulate the market to go down , you cant still expect to win or earn within your trades  .

Well this is an open secret. Rumi says that excess of everything is poisonous and I think too much confidence in a token/coin could be harmful as well. Too much confidence mean you are ready to invest in all your money in one token/coin and what monetary economics suggests is that you should never do that. Putting all your eggs in one basket. So diversification is a blessing. Make use of this concept.

I know a few people who got really cocky after making a few successful trades only to lose everything in the end.  Its important to know your limits and realize that the majority of people fail when it comes to day trading.

Doubting is a good trait which means you are thinking whether your decision is correct or not and analyze it more. If you are over confident and havibg quick decisions, theres a big possibility that your decision is incorrect. Trader should think first before doing anything.

Being optimistic and be confident on your own trading activity is really a good thing but when its already excessive then this wont really be good anymore yet
it would stress you out once you failed up your certain trading strategy.You are expecting for it to be profitable but with cryptos unpredictable market and its movement
we cant really assure that our trading orders will hit up on our likes or on what we have planned and in result due to excess confidence where you do expect too much
will surely got frustrated.

Excessive confidence can lead to arrogance and excessively complacent, which would contribute to losing your profit quickly. What I learned in trading is that you can never be truly confident about your trades given in this highly volatile market.

Go basic, play by the rules and be conservative. Trading requires one to be extremely patient, vigilant, and disciplined in-order to realize profits at the end of the cycle. But do not mistaken optimism to confidence as they are two different worlds.


In day trading, small individual profits can quickly turn into a large loss without having disciplined or a exit-strategy plan. Being cocky and bold due to a few successful trades can always lead to disaster.

Over confidence in crypto trading as killed mamy whales in crypto space.  They believe they have all the knowledge in crypto so its hard for them to loose forgetting that crypto is sometimes is unpredictable.  Excessive confidence im a project its bad in this space

Anyone who has fully studied the cryptocurrency market, he already understands that the main value of the activity is the volatility of the cryptocurrency.  Professional traders have long understood that you can make good money not only on price increases, but also on falling prices.  So today the market is not in the best condition, but today everyone is using the opportunity to make money using the game for a fall.

Being confident with your trading style is okay but being overconfident is I think not advisable in cryptocurrency trading, the crypto market is very unpredictable that your strategy may not always work, you may need to make few changes of your strategy from time to time. Excessive confidence could only be a reason a trader may lose more.

All you need is just be professional and don't get your emotion too attach in trading as that might be a big hindrance for your success.
You can be confident or even overconfident but you have to remain realistic so you can still accept and learn from your mistakes, what how it should be.

One way or another, a professional user of cryptocurrency cannot demand more than he can really get from trading cryptocurrency.  There is such an understanding as common sense, thanks to which every experienced trader is guided by his experience and knowledge.

That's the main reason behind the average loss rate by market participants. Ony top 5% of traders are profitable on financial market trading and new traders still dream about daily 10x altcoins. Get rich overnight mindset is the myth and it is not healthy to think like that for tokens of reliable projects.

Yeah this reminds me about the way what the people who are in the crypto for not just profits but ideology think about their investments in the coins even if the market is down. We have been down for so many times and these people would never withdraw their funds despite huge market crashes and McAffe says that Bitcoin is actually going to cross a million figure in future before it’s next halving.

Being professional? I think being rational is the better term to use here. Even professional traders make rookie mistakes from to time because being rational isn't always easy in markets that aren't.

What I have noticed here is that people tend to treat trading similar to gambling when it comes to losing. People desperately try to gain back what they lost and focus too much on that until they lose it all.

Instead of reevaluating the market conditions, people apply a martingale sort of method where they increase their trade position after a loss and repeat that until they win or end up broke.

But not at all times! They say that being confident will result to a failure once you commit the mistakes. Do not be confident, so that if you fail to gain profits, you will not be disappointed. Having a doubt to your plan is not a pessimist view rather we just look for a second whenever our first plan never works. Assurance is better than confidence.

If you're confident enough on your trading on crypto, that's couldn't guarantee you a good profit unless you're choosing a promising asset that could help you gain a sustainable returns on your investments. Other situations that leads to a trader into definite loss, was due to over confidence without even thinking for any circumstances to occur.

I'm not an expert trader but I have heard that you should set a trading strategy that is consistent and has been backtested to ensure profitability.

However, in terms of long term investing, I think it is best to invest in a cryptocurrency that has a purpose, either as a store of value or as a payments purpose since those two are the time tested functions that are essential in cryptocurrencies.

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Sometimes I laugh at these pro traders that are over confident about their trade and they feel stop loss tools is not important for them, which they trade without putting any risk control tool into consideration, but then, they end of losing their trade without any form of help.

I believe that it is this over confidence that the china trader that committed suicide after losing trade had that made him first trade with 16million dollars, leveraged high and could not even use the stop loss tool to manage the risk he is taking in trading such amount of money. I don’t want to even see that has over confidence, I see it has over stupidity.

Sometime it will be a good thing and other times it will lead us to be in losses so depends on our luck.But being confident while trading will groom yourself as a better trader and you will do that trade with comfort in long run but when you are doing trading with fear you will be always thinking about quitting the trading which won't make you as a successful trader even if you are supposed to be.

Both the confidence and doubts are not so much important in trading! You have to bring reality into trading and treat it like normal business we know and stop trading if you like the knowledge on how the tradings works and when to buy and the time needed to be patience and when to take profits.Outside this whatever we do is gambling and that means you are not in control and if you are not in control then you should expect to loses as confident and doubt are not a trading strategies!

I still don’t think we have any cryptocurrency for now that can really stand to be useful for store of value because of the presence of high volatility we still have, but I believe that in future Bitcoin and Ethereum will be the most useful coin in this aspect, but when it comes to payment, there is no argument that Bitcoin and Ethereum still stands as the best payment coins and more reliable.

These coins are very good for long term investment and when you talk about coins you can apply any known strategy to and will work, it should also be these two, although we still have some few coins that are really trying to meet up to standard, but I will say they are still at development level of 40 percent compared to BTC and ETH.

I do not think that excessive confidence is always good for trader.
I suppose that trader should consider all possible scenarios and do not rely only on someone's analysis. Personally i try to make my own market research but often my predictions match with predictions of Monfex. I found this platform on Trading View and sometimes read their trading ideas.

That is right, you have to make some comparisons first to confirm your own analysis even when it feels like you are so sure of yours. As they say that two heads are better than one, when I also make some analysis, I dot fell like I am perfect about it, I make some research around to see if my own analysis correspond with other people’s analysis also.

One of the reasons why some traders fails is because they over rely on their own knowledge alone, I know it is good not to rely on people’s opinion too much, but we can still use them as a base to confirm our own. If this is what many people do, I am sure that we will not be having some stupid different predictions that we see in the market that makes one so annoyed and you would have to ask if the analyst is a reasonable person or not.

You need to soberly assess your capabilities and level of knowledge. If you have a lot of knowledge and experience, then you will be self-confident. But this is not a groundless confidence.
Beginners should be careful. And try to minimize risks until they has enough knowledge and experience.

Enough knowledge and experience does build up confidence but some people do take it into farther extent yet knowing everything is not possible.

Come to think that there were still lots of things to be learned about and not all of them had been known by you.Being confident can possibly create some mess with
your trades.

Eagerness to do trading can put you at risk, but trying isn't bad as long as you don't involve a lot of money. Putting small amounts of money at your trading is fair enough to handle crucial days of cryptocurrency trading, but too much confidence might lead us to failure.

True! I also think that the best decision is to make your own analysis and then compare it with trading signals on reputable sources.

I'm completely agree with you. Trading it's quite a risky thing because markets are unpredictable. In order to maximize your profit you should take into account all the small things.

A successful trader is one who makes deals confidently. Have you tried to trade making a preliminary plan and following it? This is what I'm talking about. You must have a purchase and sale plan before you start any deal. And an adequate plan cannot be created without confidence.
I'm not saying that you cannot have reasonable doubts, it’s great if you have them. But another thing, if you are not having the confidence to make a deal. How then to count on success? This then turns into a regular gamble with bets. And with investments, this is the most unsuccessful approach.

Confidence is good, but there should always be a little doubt. We see that amazing things often happen on the market that no one can predict. Many times I saw too confident people who lost most of their deposit. They did not allow other scenarios. Too confident trader ceases to be flexible. In the end, we need profit and not rightness.

Indeed, having confidence in our abilities is a good and positive emotion but it is not encouraged to put too much into all decisions because you said so clearly, it's just a decision that is based on emotions and in trading, emotions are limited, what should be used is the knowledge that we accumulate and the analysis from the brain, then there is a prepared setup if the situation changes badly. Here, there is no need for a person with too much confidence, here needs an experienced trader, to make money in the long run, not to express the feelings of some individual

Being too confident will surely wipe out your risk management thing since you do already see that your current ways would surely work out.

You already presume or expect that they would work and as said these set-ups been made aren't really being too serious without minding some plan B's incase the
market would turn out into different way.

Both traits are important in trading. You need to balance your confidence and your fear to be successful.

I agree that overconfidence will result in decisions not being deeply thought about. While being fearful and doubtful is okay, there are times that it will hold you back and might lose a great opportunity to gain profit.

It is important to be brave enough too and take risk. Balancing both traits is the key. Stay in the middle for you to get good result and use your brain at all times.

Confidence helps you stay in the crypto market when everyone is escaping the crypto market due to crash. When the markets are down, people try to withdraw their money from crypto and invest in other assets but investing in assets like crypto and staying confident about your investment leads to huge jackpots. This is the reason the risk takers make the money.

It takes time to really achieve this, for confidence, I am not sure we have too many people that comes to the market with confidence when they first started to trade, some of them would still have some little fears, and I even think it is as they advance that they begin to build confidence in their trade after having some experiences about it, and I think by the time they have already developed experiences through some failures, confidence would have left them already.

Basically, people need to first make sure they have had lots of practice first before jumping into real life trading, that is usually my own, through their trading practices, they will learn to put all these things of confidence, emotion, greed and other trading enemies in check.

There are really cases which overconfidence would help you or lets say it do have advantages but what about on booming market? Do you still have the confidence on unstoppable buying? So you are just basically buying up on the peak and later on when the price trend shifts then its a sure loss.The only thing here is that
you aren't easily got depressed if you do lose up which you do have some sort of motivation.

Excessive confidence in trading will destroy anyone. Trading is a risky game and anyone who engage in it must do it with care by setting risk limit. Professional traders will advice that traders should protect their capital and limit exposure to risk. Without this the overconfident traders will end up with great losses.

Having bigger losses made everybody hopeless behind what's happening to the price of bitcoin, since it was declining lately. Wealthy traders grab the best opportunities they could while bouncing price was taking dominance. We can't prevent that situation to erradicate, because it's really destined to happen specially market is highly profitable.

I wouldn't make "quick decisions" if it involves money. Imagine how much money you can loose because of a quick decision more likely FOMO. Emotion is our worst enemy in trading, always think a lot of time before jumping in a decision and its regardless if it involves small amount or money or not, its still your hard earned money. Using TAs is still the best way to decide when to buy and sell.

Sometimes we still have to be careful in listening to some of these pro traders, is it not the same pro traders sometime that do  discourage some people from using tools that would have helped them minimize their risk.

I have seen so many pro trader on this active forum and some other forum that they don’t need to use top loss tool to minimize risk because of their over confidence, and I think they are the ones really practicing this over confidence in trade the more, just because they feel they are good at analyses, and any newbie seeing that would definitely think that it is not necessary to make use of these tools, and there is absolutely no way, one can control emotion, control over confidence and even control greed without actually making use of these trading tools.

Confidence is very important when it comes to trading, especially cryptocurrency trading. But you don’t just need only confidence, you also need to be smart and have some sense cause that’s the salt. You need equal of everything. It’s just like having faith and not applying works, and like it (Bible) says – faith without works is just a waste of time.

So, let’s say that you have confidence and you don’t even know anything about trading. But because you have confidence you then decides to jump on it and start making money, do you think that’s ever going to work out? You will just be making losses out if confidence. So, you need to be smart and have some knowledge in trading, and when you do proper research and place your order that you’re sure of, it’s your confidence that is going to help you to hold strong when things starts to go very bad and you’re about being discouraged. So, you always needs a bit of everything and not just confidence. You have to be knowledgeable as well.

I don't know how much confidence is excessive confidence and I am not entirely sure any other person does neither.

I mean I would probably say that you have to have a lot of confidence in yourself to manage a crypto trading job after all, because without confidence you are moving digital made up things between each other and that makes no sense at all, if you however have any type of understand of what we are doing in crypto trading than you have a bit of confidence of what you are doing and that would result with you actually doing a pretty good job at trading. That is why you gotta have a lot of confidence but I don't know if you mean arrogance, if you mean arrogance than that becomes dangerous because you think you know EVERYTHING about it instead of a quite good understanding of the concept and that ruins it.

Excessive confidence is good if we do know how to limit our funds or simply having that good money management with high confidence with your analysis.
A good thing for you to have a trial and error behavior yet youve been using only a small portion of your money and as said overconfidence might lead up into putting all in because you are sure enough with your analysis which isnt good.

having an over confidence in trading, doesn't give help anyway to make you profit in the end.
That's must be one of the reason why most of newbie traders ended up often into loss of their capital investment.
You have confident in the coins but the coin itself is not a potential in the end, which means its useless at all.

excessive confidence if owned by the whales does not matter. but if someone like me, of course this backfires. whales reads most people's psychology and takes pump or dump action. therefore be someone who is "unreadable", and don't overconfidence, because pro traders can control their psychology and act modestly under any circumstances

There is a difference between having confidence in yourself, which is more like having a high esteem and having confidence it your trading, yes you have built the necessary skills, and yes you have also acquired the necessary knowledge, but that is not enough for you to fully rely on the market because sometimes, no matter the strategy that you have, you can no completely be confidence that the market will not mess it up.

I think this aside usually goes for most traders that feel they have so much confidence in a particular direction of the market without weight the other options and thinking of how to minimize their risk by utilizing the risk management tool that should be applied on every trade for the safety of our capital and Investment.

How could we become confident if we're not developing a good state of mind, specially dealing with our emotions. Sometimes too much of our confidence lead us to bad situations, like lossing to much of our investments. Failure is part of our growth in crypto trading, always make it as our motivations.

I think that even whales need to be self-confident. More precisely, whales are usually confident in themselves. Because they are whales. But sometimes there are whales that lose money. If they are attacked by a pack of piranhas. You say that whales and piranhas are not found in nature? And in the financial markets are found. If you call Google for help, you can find many examples when the whales lost money.

We would be able to understand that if we will mature in crypto trading.
Learning everyday is very important as the life here is fast and every moment count, with the unpredictability of crypto, our main goal here is to act based on the right timing, we can't force the market to favor on what we are expecting but we can also wait for the right time to benefit and find a good timing to buy or sell.

Every market situation always offers opportunity, it just depends on how we look at it, play with your mind and not with your emotion, that's what I learn in years of trading. 

It is only true for those who have experience in trading and investing. Assertiveness is always necessary in the trading session, but it will turn into a disaster for someone with no trading knowledge.
There will be winners and losers. It is important that they understand the market to some extent.

Big ambitions are actually not very good in investment because we will be too ambitious to be able to get profits and until that does not happen we will get a loss and in my opinion it is quite a big risk if you come to a loss

Making quick decisions is necessary for short-term trading. Sticking to such a strategy means that you need to react quickly as the crypto market is very volatile. And in a perfect case scenario, you shouldn't be emotional. Success likes cool head and cold blood. I mean you don't need to be excessively confident, or full of fear and doubt. Just stick to your strategy and be calm. Still, if you need a bit of confidence, you may install trading or informative tools. For example, I'm currently using Info Bot from CEX, https://t.me/CexIoInfoBot, and trading on CEX surely. And you know, I find this tool quite useful as it informs me about all changes on the market and coin prices, and at the same time prevent me from doing irrational things.

Well, it is important to be calm and confident but it doesn’t mean that you should not think about each step before actually making it. The secret of success is in the balance.

   Balance and patience. Success is a goal, but starting like is not same for each of us. To be successful in long-term you need
to have balance with your investment and patience to wait some of the investments to get value.
   Trading with crypto-currencies is a risky thing, people who trade should have confidence, but excessive confidence can lead to
making mistakes cause too much faith in decisions you make.

Both are equally damaging to you but in different ways, if you have too many doubts and fears about trading the markets then you will miss legitimate opportunities to make money just because you are too timid to make the trade and that is not a way to make money in the markets, but if you are too confident on your skills you are going to believe that whatever analysis that you make about the markets is right which means that when you make a mistake you will have the tendency to not recognize it and instead of getting out of a losing position you may hold it believing that it will turn around and if that doesn't happen you will lose a lot of money.

If that excessive confidence will make you not to accept your mistakes, then that should be wrong.
When trading, this is a big mind games, we can't just assume without basis and based on my observation, those people who are humble are willing to learn and improve and when they do that, they'll likely be successful in what they do.

Life of a trader is hard, adjustment should be done from time to time as the market is not moving stable, therefore its hard to predict what will happen next, but if you open for all the possibilities, for sure, you can make more good predictions than wrong.

When you enter the world of crypto to trade means it is a decision you have made and decide to trade, it means you have made a decision and have confidence that you will be doing business in the crypto world. The next step you have to get rid of fear of loss, because loss in trading must be experienced by all traders. so if you're afraid, when will you start.

Confidence in every aspect of life id important and so it is in cryptocurrency trading, there are some trades you might be scared of but your confidence will help you take  a leap and benefit from such trades buy over confidence its not advisable in cryptocurrency trading it makes you take risk that you are not suppsed to there by causing unnecessary loss. Making quick decisions in trading depends on yoyr type and strategy of trade , fast decisions works well for short term trade . The best any trader should do is to trade with confidence and calmness

As traders must be ready for loss. Maybe excessive confidence is good  and needed by traders. In my mind before i post this, maybe i will say that excessive confident will be something that make they get lose. But see your comments i change my mind, trader must be ready with his decision and accept what will happen to their assets. And lose or win is risk in trading.

Everyone is ambitious when it comes to trading but if you are not carefully following the market then the possibility of holding your funds will be longer, what ever you do make sure that you are not selling your coins when the market is going lower and make sure you never sell at a loss and if you follow these simple participles then you will end up in profit.

No, excessive confidence is never a good thing, what you need is the capability to profit from the markets and to have a very accurate idea of how skilled you really are, new traders come to this market thinking their abilities are great just because they watched a few YouTube videos and feel overconfident about their skills and think they can easily make a lot of money and then they have to face the reality of the situation in which their confidence does not match the reality and they lose everything.

In trading confidence is indeed necessary, because if you are not confident it will be difficult to make decisions in trading. But what is
dangerous is excessive confidence, because it can make us experience losses in trading. I remind you once again confident might be
needed but don't overdo it, because in any case excessive is not good enough. In trading the most important thing is patience and
confidence, not confidence and make quick decisions. Because in trading, don't taking decisions too quickly, we need to analyze first
before making decisions when trading.With patience and confidence the more accurate the decision we will make.

Anything excessive is not good so is the confidence in this space. For those that have  made so much money in the space and still hold a good sum of bitcoin they tend to show this abusive response on all media. I believe the whales are very quiet, I will cherish inside information in this space than any other thing. 

Excessive confidence is certainly a good thing if you can balance it with good control too, because excessive confidence when it cannot be controlled then I feel will be a mistake too in the end. In trading there are many factors that really need to be considered more, because just with confidence alone will not be enough for us to become successful traders.

Yes. In crypto trading, you should not be over confident because trading should only be done with a proper and calm analysis. You should not make things in a hurry because it will only make you fail in the end. Successful  crypto trading is more of knowledge and skills, fundamental analysis, and not on overconfidence on your own.

A trader will be over confident or much confident if he oftens wins a trade and most of the time it tends to be a close minded for other opinions of hearsays fron other traders which is a totally a bad thing. It is good to have an exessive cinfidence but that doesn't implies fast decision making it nedds always time to analyze before taking action or make a move.

Well it's more like a rash and careless decision making for overconfident traders. Mostly happens when they close a good trade and earned good bucks. Feeling invincible. I think a lot of traders can relate to this. The problem with being cocky is that you become a little too emotional. It's the same when you're too doubtful. Both would likely get you lost chances in the long run.

To be honest, I don't understand what kind of confidence we're talking about. If these traders mean to buy cryptocurrency confidently, without analyzing the market at all, then I do not agree with their point of view. I believe that cryptocurrency trading should be conducted as carefully as mine clearance in a minefield.

What confidence are you thinking?

I am taught that all of the things that are too much is bad.

Confidence is a good thing but being over-confident is not. There are a lot of people that are so over-confident and almost all of them fell from those great heights. I just hope they learned their lesson from that. The market we are dealing with is unpredictable, that is why we should not be over-confident since that will be our downfall.

In my opinion i think it's not "without analyzing the market" it is about being over confident with your analysis that you don't think losing at all and you always expect to see what you predicted which is a bad thing have because yes we should be confident with our strategy or analysis but we also need to be ready about the bad things, we should have a plan b or something.

And that is the issue with overconfidence, all of those people that feel overconfident about their skills feel that they cannot do wrong, that everything that they do is right and that everyone else is wrong so they have a tendency to disregard the opinions of those that disagree with them, and it doesn't matter your level of skill at some point you are going to be wrong and the person that is overconfident is never going to realize it and he might end up being bankrupt never understanding how he got there.

having a strong trust in trading is very necessary because in this way we must be able to take bold actions to eliminate any worries or doubts in it. But if you have excessive trust, of course you should avoid it, especially if the coins we trade are not potential coins and are too trusted if the coins will develop in the future, then there is a possibility that later we will find it easy to lose the money we trade on the coins that we believe in.

Even if you have a lot of confidence but your knowledge about trading is not enough then still you will lose money. There should be balance between your skills, your knowledge and also your self confidence while trading. Those 3 are important characteristics and all of traders should have it to perform and execute well in trading.

Indeed confidence is useless if you dont have the character that trader should have like knowledge, skills and strategy. Its necessary and a key to become a successful trader. Thus take time learning to be able to do the right thing as a trader because many traders are committing the usual mistakes for not having enough knowledge on what they are doing.

Too much of everything is bad, so definitely being too confident will earn you losses quickly: you'll hold positions you should get out of because you'll feel the market will move in your favour, chances are you'll become reckless and that can never be a good thing in the highly volative crypto market.

Confidence is important but make sure you will not be a boastful person where you are overconfident in making decisions. Confidence is the key to make execute our decisions very well but excessive confidence can lead to major losses especially if the trader doesn't have enough knowledge and skills. There should be balance where the traders should be confident and also have right knowledge.

This is a simple rule of nature that even excess of love makes you feel suffocated. Excess of confidence makes you overconfident which is a sure sign of your doom in any profession. Often with overconfidence you ignore minor details and take wrong decisions. I believe that we shall never become damn confident about crypto coins that we are betting with because the market is volatile and your coin start going down anytime.

Thats definitely a strategy to trade but cant say it will work out most of the time. Its better to research and look into the project before becoming confident on your investment. After the last ATH of BTC, most of the overconfident traders have lost their money in alt trading so it is not advisable in this much fluctuation.

Agree, many traders have great qualities to improve their ability to make money in trading but with an excessive confidence, more accurately, they are feeling too proud of their skills, it turned them into a brag and this is also their deadly weakness when they always put too much money into decisions, lacking the necessary humility. Therefore, a successful trader should be accompanied by talent, confidence but somewhere, they should also refrain from expressing too much confidence, modesty will always be a step backward and help them advance higher

In my opinion having confidence is good but having excessive confidence is not. The market is a great teacher. The dynamics of the market changes so quickly, and it teaches you or rather punishes you of your excessive confidence very quickly. may be that there is one thing which you do not know about your coin which market knows. that is why an intelligent investor always invest in a portfolio of coins, because even if you may have committed a few mistakes while you are picking some of your coins still you are safe because you can not be wrong with all your coins if you have done your homework properly.

Yes and even how confident you are in a trade. I am confident in this past trades but all of a sudden it ruin by a fake pump. But it is not an excessive confidence. I'm just only saying that confidence is will not always guarantee a successful trade but it might give us a positive outcome whatever the trade results is. Just don't be greedy at all.

And unfortunately that balance is never reached, and since gaining skills and knowledge is so hard then most of the traders that we see have a lot of overconfidence but very little skills and knowledge and that is a very dangerous combination in this market when we know that many coins can crash in a matter of days and an overconfident trader is not going to take the necessary steps to correct his position because he believes he is right all the time and that he can do no wrong.

as traders we must have the confidence and courage to do all transactions in crypto trading, because if not, we will have difficulty getting maximum results. even if we have a fearful nature when trading crypto we can lose money because of the fear of a FUD or something. confidence must be applied wherever we are in the crypto trade or other trades.

You are right it's not good to be overconfident about anything that you are doing for your living. We should remain moderate and should work hard about anything before taking a decision. While trading you should know that learning is key to success and you can never be enough in your knowledge so keep learning and take a wise decisions.

self-confidence is a reflection of assertiveness in decision making. fear will be a kind of bad effect that will drain more ways of thinking, the market continues to move in a high routine. But there are several hypotheses about excessive confidence in which traders do not set sl and left to float, if their analysis is not the same as the trend that ultimately differs then it will definitely fail and need a review by experiencing a number of losses.

It is true that some level of decisiveness is needed if you are to become a good trader, but you cannot let fear or overconfidence take over you and your decision making abilities, both are bad but in different forms, begin afraid of making mistakes will cause you to not take opportunities that are out there, but being overconfident will make you take unnecessary risks and what it is even worse it will make really hard for you to correct those mistakes.

But at least with confidence, work and any activity will definitely go well and indeed, sometimes excessive confidence that will produce something that will actually make us suffer because at the same time, at least emotions will also increase due to pressure when making a decision that requires us to make a choice quickly so that there is no longer any good emotional control. So basically everything must be done in a balanced manner because we cannot rely on just one factor to produce something good.

That is exactly what gets most people recked while trading. You should take profit as they present themselves and not be too greedy.

Confidence is good in trading but excessive confidence is bad to our performance. We can become a arrogant person if we have excessive confidence. We are not perfect human so there are still a lot of information that we do not know. Be a humble person where you can know your limitation. People are making mistakes because of excessive confidence. I do not say that we should not make mistakes, what I mean is we should not be a arrogant person and we should be a humble person with a confidence.

Many people think trading is just simple, and then you can earn a lot of simple in just a single day. Trading is full of hard work and skills because basic knowledge is not enough to earn a profit. Even you know a little knowledge of trading, it is not enough. Still, we need to learn something new to improve the techniques and skills we can use in the future. In trading, we must be confident because in the first place we know there is a risk on this transaction if we invest at the early time it has a cause of loss of income, but if you manage your self, you can get more profit than losing money.

Yes, we shouldn't be greedy in the market while we are making a profit because we should safeguard the profit aside, we don't know when the market will lose its value. A trader shouldn't be greedy for making a fast profit, this may lead to losing more value of your asset. So we should plan them wisely and we should react according to the market situation.

Excess is not good for anything, In trading with the cryptocurrency world, you need to be very careful and cautious to this system, I think you need to be brave but you have to take your every decision based on your own view, I think day by day this cryptocurrency world is getting complicated and competitive so you are not the only person to be here, if you are a professional trader then the case is different, but overconfidence sometimes kills you, but I think for the short term trading purpose, you need to get couraged to take some decision regarding Trading.

Of course, each trader will have his own personal opinion on this issue, but despite the fact that I still have very little experience in cryptocurrency trading, I believe that the current state of the cryptocurrency market will not allow me to achieve good results.  I hope at least a small income from my activities, because very often I lose than earn.  Perhaps when the cryptocurrency market will have a bullish trend, thanks to new investments, it is possible then that the user will be able to get real experience in trading, and not the stressful experience that I get today.

They are all the same thing. Imagine that you’re doubting a good price prediction and all of a sudden there is a bull run and then you miss out from the profit you would have made if you invested at the early time, so that’s what doubt have caused you.

Although the good thing is that you only missed out on a good opportunity to buy, but you didn’t lose your money. Now, it gets worse when you start having fear, or like we do say – FOMO. You then happen to rush in out of FOMO and boom, the price crash and you lose your money. Having too much of confidence is close to having fear, so you should try to keep yourself in check. There are people who would be having any of these and they hardly notice it.

We cannot really avoid being greedy in this kind of market, it is obvious that if you are a trader that you are doing it because you want to obtain more money than what you have and that is being greedy, the problem is when your greed reaches levels that no matter what you do it is going to be impossible for you to fulfil your goals, you should always keep your greed in check otherwise you run the risk of greed taking control of your decisions and that always spells disaster for anyone that allows that to happen.

Actually it is a great advantage. because there are many people who have good knowledge but then they have doubts about trading methods, and then they miss the opportunity. Self-confidence is a necessity, but to make the most of it, we should have a cool head. We need capital management skills and always set stoploss to avoid the great risks to our account. Those who are confident but lack the discipline to work will become a major drawback.
Therefore, we need to cultivate a lot of capital management skills so that we can trade effectively and raise its confidence to a new level of efficiency.

It is really dangerous so we should not become a trader who have excessive confidence. There should be balance between our confidence and our knowledge. The thing is many people are becoming ignorant because of over confidence. They thought that can win in every trade and it causes a bug loss. Confidence is good but there should always be a limit.

If you don't have self confidence better don't trade. True, confidence usually comes with experience and knowledge but still at the very begininig you have to beleive in what you are doing. Otherwise you will make your decisions very hard, often hesitating and without firm direction and that usualy doesn't end well.
However, too much confidence can also be bad for trading because you will not be cautious enough and you might igmore warning signs.

Not only with cryptocurrency trading, with anything there shouldn't be excessive confidence. When we are into it, this will make us take it easy expecting assured returns. Most of the time such scenarios can be seen much on games. With trading lot of learning is required so to make the plans get executed without much complications.

Too much of confidence makes you take decisions without pondering over all details of the situation and you simply rely on your small knowledge. Often what appears to you easy is the real tough thing and this is what happens with most of the traders in day trading. They simply take it for granted I mean the moves of the market and keep buying or selling coins without following market trends ultimately going in loss.

You are inside a place where all the people have the same goals in life, you need to protect yourself being victimized by wrong decisions and miscalculations be wise and keep your competitiveness upfront. Don't think that you already have the edge instead, keep learning and enhancing your strategy be able to adjust once it's needed to do your adjustment keep in mind that it's your money that you need to protect.

There are many ways to make money in this market and if you are not confident, you should spend time studying to improve yourself before you are confident to trade. I think currently the crypto market is very difficult to predict and even a small mistake will make you lose so it is best not to risk because the risk will be very high.

In fact, long-term investment in some major coins like Bitcoin or Ethereum will bring you some huge profits if the market in 2020 gets better because this is the year that is expected to be very promising.

There should be a limit to our confidence and that limit in my opinion should be our skills, I am confident on my skills but that is because I have worked very hard on them and I know that what I am doing in the long term will give me profits but it is not going to happen immediately so I need to keep trading in the way I know for a long time and most likely wait for the next bull run to see the profits I am looking for, but many traders believe they can generate huge profits regardless of how the market is moving and that is not true.

You should be confident and decisive in trading decisions. However, you should also be prepared for the market to not act in a way that you expect. In these situations, you should know in advance how to react to that market move.

In other words, always have a plan no matter  which way the market moves.

self-confidence always appears automatically every time a trader gets a profit, various positive attitudes emerge and underlie the decision for the next order. To remain balanced, the profit target of the portfolio must be fully achieved close to 100%. If the opposite means it must be recognized as a weakness, and must find where the decision point that failed must be corrected or the condition will immediately turn into worsening anxiety.

I'm not sure if that's even good. A winning streak could mean the person would become too cocky with his or her trades. There's a difference between being confident in what you're doing and being recjless and cocky. The latter happens more often with newbie traders. Of course one needs to believe in himself and his ability to make efficient market readings to be a good trader. Though it's also essential that he know his capabilities and assets.

Too much confidence can sometimes make us an ignorant person. We think that we are superior to others and sometimes we think we are always right even we really do not know what we are doing. Confidence is important because it can help us to execute our trade carefully. What I am saying that our confidence should have limitation because too much confidence can affect our trade execution.

Your confidence must come completely from your skills and the processes that you take to make your trade and not from the results you are getting, I say this because even if you are a profitable trader there are times in which the market will simply seem to always be moving against you but when you check if you have been doing something wrong you find out that is not the case and you are just being unlucky, but if you lose your confidence because of your results you could easily make a mistake that you could have avoided.

These two conditions come in two different type of people the boldness and confidence comes in a person who have full knowledge about cryptocurrencies and have much experience in trading and have skills to deal with any type of market while the doubt and fear comes in the mind of a newbie trader who do not know enough about the cryptocurrencies, their price structures and do not have enough skills and experience in trading and they come to trade only seeing the profit of other professional traders but that doubt and fear also make him secure from lose many times as if he will remain confident without any skills then he may invest in a shitcoin and will lose all of his money.

To do this, you need to have good knowledge in trading and to be calm in all situations because the crypto market is very easy to turn red. Before trading, I will analyze and search some news related to this market to make a more accurate decision in investing. However, many reward investors ignore this when trading and it certainly will cause them to face a lot of great risks.

I have been in this market for over 6 years now. Currently, I have a lot of knowledge to help me survive well and always earn a stable profit from this market without the help of anyone.

A trader over confidence relies on his strategy which the trader feels is a profitable one of course their is no holy Grail anywhere, why some traders enters any trades with full confidence in that they are trading with a small percentage of their total portfolio ie trading with the amount of money they can afford to lose coupled with a sound money management coupled with a working strategy which is profitable in a long run.

Every trader is unique in their own style and the strategy which they want to adopt it . Only thing is that people should not get carried away during panic situation and end up selling just beacuse others are selling it and also one should be confident and not overconfident in doing trading .

I believe that the confidence of the trade is supported by the results of their research on certain coins, which is supported by all the information about a particular project.  But the success and results of the trader in this case will very much depend on the authenticity of this information and how the project team fully informs its clients about the project performance.  Even in this case, no one can have a great guarantee in the reliability of the information received.

Theres no accurate thing when it comes to informations that you have gathered directly on the team or on other insider.It would really be still like a gamble
because all things will vary on the demand and support itself to the project.When it comes to trading btc or top alts then it isnt really that needed yet we know
that price is somewhat established and also volatile.Excessive confidence towards your trading analysis specially on day trading does really have an effect.

All people are susceptible to make the mistake of getting overconfident just because they won a few trades, this happens because you can earn so much money so fast in this market that it seems that you can become rich really quickly but just as the market can give you a lot it can take a lot and that is when overconfidence will destroy you, after a few losses the overconfident trader will be unable to accept the situation and will make a trade trying to recover everything he lost only to lose that trade as well and see his capital evaporate before his eyes.

Confidence comes from knowledge and expectation of success because of your knowledge. Confidence is the vehicle practical application. If you fail in actual trading, I have no idea how you can be excessively confident, maybe you can still remain just confident and think that you'll learn from these faults and it's just a combination of steps that you need in order to succeed, after a lot of success, then excessive confidence really comes. If you experience so huge confidence without actual experience in cryptocurrency trading, then I think there is something wrong or you may just naturally have a lot of dopamine.

You're somehow right but i think confidence comes from ones believe and an example is the bitcoin halving which have happened twice an turn out to be the pace for the crgpto market to achieve a new ATH while experience and knowledge are what needed to be a successful crypto trader.

There a times when being too much overconfident is not a good thing because you tend to overlook a small detail because you think you already checked it. In crypto trading, I still believe that no one can exactly predict where the price of Bitcoin is heading even if he is one whose whales who holds a huge amount of BTC that can make an impact if they placed a sell or buy order.

in other bitcoin / crypto trading. everything must be balanced. about analysis, strategy, information, feelings. because all influences. someone is too confident, I think will only make a loss. too scared to start. will only lose the opportunity. bad analysis, will make trading mistakes. wrong strategy, will lose profits, inaccurate information will only trap in the price. so, to start everything. one must understand about trade. and don't be afraid to start.

The success ratio of traders' strategies is often not the same as market conditions, it is very difficult to balance. Many end up trapped in the fear of losing unwanted loss, I don't have benchmarks about the term excessive trust, but it is clear that this feeling must be controlled to ensure what to do with rapid change of tactics, this kind of confidence that must continue to have.

I agree with you. Trading is never all about luck. to ensure that one would actually make it to earn some profit, he must have some background knowledge about the kind of trading he has adopted .If you are not sure about the step you are going to take in terms of decisions about the exchanges, then it is better to consult someone who is more experienced rather than becoming vulnerable to losses.

Honestly, confidence is needed to be a thrive crypto market for i have seen alot of occasion whereby some high ranking member of this forum posted some message which could lead newbies into FUD but the excess part of confidence could lead to deadly mistake.

Of course, no one can predict where the price of the bitcoin market heading but the whales which hold enough bitcoin to influence the market can actually decide the trend which the market pose.
Like you been overconfidence is not good cause it can make ones to left important things unchecked.

Exactly, luck is only a small part of the trading. Technical and analytical aspects are the most important factor in trading, only when fully analyzing the aspects and giving accurate information can we make accurate transactions, no one can trade based on luck.

of course excessive trust in trading can be a boomerang in yourself because too much trust in the growth of the types of coins traded, although sometimes a strong belief in traded coins can lead to confidence to be able to make a profit, but not all types of coins traded can provide benefits, because after all the analysis of coins to be traded is a major factor that must be done before taking an excessive action

Confidence without knowledge is stupidity. Smiling after so much loss then he got himself hypertensive and everyone gets to know later. The day-trading is usually stressful with lot of loss. Experience ones usually advice a long term investment but they usually choose less risk projects, project from there region. For Americans they invest more in their projects where they have already met the teams. Device your choice base on your risk management

Trading really needs confidence in a right timing. Risk takers are more successful than those lesser ones. Though the risk is also higher but mostly if the timing is good they'll definitely make best profit. Excessive confidende may sometimes fail. Some are very aggressive to the point that they missed out some factors to consider. However, excessive confidence also gives a strong and determine traders.

I used to be this kind of trader back then. When I experience a small profit, I feel that I can do it again and earn a bigger profit and I will keep trading and trading until I start to lose money and I got greedy to recover it resulting into a bigger losses. I used to feel that I am a good trader and I don't need anybody to tell me my mistakes. Nowadays, I don't trade that much and I only set at least 5% profit each day and once I reach that, I just call it a day and wait for the next day opportunity.

Confidence is a factor that counts n trading. Actually one has to make some quick decisions. No one knows that the coins he is going to invest into would lead him to a profit at the end. This problem could be solved with help of the consultants who can give you some reasonable suggestions for choosing between the coins. Moreover previous experience regarding crypto trading could also be beneficial in such circumstances.

You are describing the process a rational trader will have when it comes to his confidence, but there are many irrational traders out there, as much as I will like for things to be different there are many traders that are in fact gamblers and they do not really have any way to process information in the same way that we do, when I lose a trade the first thing that I think about is what I did wrong, sometimes I find something and I correct it but sometimes that was a normal loss and I just have to accept it, but the gambler doesn't think that way and it doesn't matter why he got a loss he cannot accept it and he tries to make another trade to regain the money that he lost because he is overconfident in his skills.

You still execute sell orders regularly even though you are impatient with the next step.

in other cases, many greedy traders and waiting for a greater percentage with unreasonable confidence. and finally they realize that they made a big mistake when prices dropped like rockets, you are still better because you can still make the decision to sell.

This is the most common problem to me that i have encountered until this day, i am not that much greedy but i do always wait for confirmation and not selling even the orice jumps or dumps lower. over confidence and trying other styles in trading is too bad thing what i've learn is to put a very small amount of it and try something new.

doubt and fear will make you stay still longer (to think), and excessive belief is also not recommended (makes you not think long), flexible enough seems to be better. in crypto trading the risk of loss always haunts traders, being careful in choosing atcoin and doing research is advised before deciding to buy, all of that is done to avoid losses.

You have been a confident trader. Trading is all about how patient you are so that you can wait for the time to come when your efforts are actually going to pay back you in the form of money that was wished to be earned. But overconfidence can lead to severe problems as you start estimating matters in a wrong way that could lead to loss in the end.

It can also be said that ding trade is not the game of doubt or confidence but it is a game of knowledge and research as if a person will learn all about trade and will learn all about the asset in which the trade is expected then he will be okay to start trade and in that neither the confidence nor the doubt can save or waste his money. It will all depend on his knowledge and research which can save his money and can make profit for him.

An equilibrium must be reached, you cannot lack confidence, because if you do, you are not going to take profitable trades even when you know that you should, but you cannot be overconfident either because if you are then you are going to refuse to sell your coins when the market is clearly telling you that it is going down, you are going to try to fight the market and that is a terrible way to try to make money because the market is many times stronger than you.

Excessive confidence are indeed not good because we don't need anything excessive to be able to produce something good, but when you have good knowledge then how high or excessive the confidence that you apply, I think it doesn't matter either because the problem in this case is when You apply excessive confidence still not accompanied by good knowledge then it will only make a carelessness that in the end only the loss and suffering obtained.

Trading is another name of patience and the successful trades are no doubt confident because they have grip on it and knowledge,enough experience abut the market,But without knowledge taking risk and confidence is just gambling.

Professional traders spend more time n analysis and after surety confidently put trade then never believe in any rumor,Here we talk abut excessive confidence so it may sometime become risky and some trader face the losses at the end. Confidence with knowledge bring

When participating in trading, it is necessary to prepare for the knowledge, psychology and strategies because these are the basic things to become a good trader. I think that in order to succeed, any decision needs to be carefully considered and always has the confidence necessary to help you improve yourself. In fact, not everyone is smart enough to do this because when the market is down, they often show their weaknesses.

Personally, I always confident and take risks when trading because all my decisions will directly affect the current profit so by all means I must ensure profit in this market.

Confidence is what we need and not over confidence. There is a lot of differences between that two that I mentioned. Confidence is important in terms of execution of our trades, we will not worry if we know what we are doing and if we have confidence. Over confidence is something that we should avoid because it makes us to become arrogant. Being a arrogant person is most likely to commit mistakes and that is the reason why we should just be an average trader that have confidence.

Excessive confidence always doesn't bring a positive result in this cryptocurrency world, not only this system but also everywhere you have to be confident but stay in a general way, boldness is good but when you want to trade then you have to be logical and analyst, I think never take any decision based on emotion because the trading platform don't fallow any regular way so one should think again and again to do better in this system, that's why overconfidence could bring to you a lot of disasters in your trading career, I think if you follow the price trend then it would be a good way to make any decision regarding your purpose.

It is good to believe in trading in crypto but not much confidence That is why you have to work objectively to control your emotions over time without trying to get up and running. Knowing the state of the market being traded and then not investing can make you lose money. Never make a quick decision to do a good job.

More knowledge leads to increase in confidence and less knowledge makes you less confident. More knowledge makes you more familiar about a concept, system or a product and you better understand it. In this way you become the master of it. Bitcoin is the technology, and cryptocurrency is the system of digital currency the more you know about it and how it works you will show a more positive attitude toward it and this will make you a good trader.

Confidence is a result, not something that you acquire on itself. There is no 'confidence course' that will make you successful. The key is learning and repetition, just like in school, so you can get necessary knowledge and try it out in the field, getting experience and learning practical tricks.. Only after you gather all the info and experience the confidence will come. You don't force it.. There is no way to build confidence on any topic if you are not successful in it. Also you can get quickly get overconfident if you happened to be lucky and didn't investigate why you had success in these spots.

Sometimes it's going to be a good thing and sometimes it's going to cause us to lose so it depends on our luck. But being confident while trading is going to groom yourself as a better trader and you're going to do that trade with comfort in the long run, but when you're trading in fear you're going to always think about quitting the trading that won't make you a successful trader even if you're supposed to be.

Doubt and fear help us being more careful before making an investment. We will think about potential dangerous when choosing altcoin, time to invest, ...

True, I also use my doubts and fear as a guide for me. If you will let your fears and doubts take hold over your mind, you will not be able to make intelligent decisions. Take everything in the positive way so that you can avoid risks at a greater rate. Being cautious is very important while making every kind of investment, little ignorance will lead you to failure. As the value of coin fluctuate you should be very careful in doing long term investment and trust on yourself.

You are right that we can never succeed if we trade in fear. It is possible to avoid loss if you start from here again without trusting yourself to gain profit in doing business. That is why we should look at the market situation and then invest.

You are right when you feel afraid to suffer lose you will stay careful about your trading and you will get good result of your trading but when you become over confident you will make mistakes. So be careful and never think that you achieved your target as there is wide world of trading that needs your approach so keep learning even if you feel like being expert in trading.

Over-confidence is always a negative factor and not just in crypto trading nor in trading field. Our level of confidence should be derived from the depth analysis but most traders are getting those level of confidence due to their experiences and amount of capital available for trading which are always less-influencing factors hence such type of traders usually end up booking losses. Being confidence is just a belief and we need to understand our thoughts has nothing to do with market directions.

Always being humble and polite against market will help any trader. Yes, I mean we must follow the stop loss and target levels and out of confident, we should not try anything new. Simply, sticking within basics of trading will lead to profitable trading always :).

Having confidence upon your trading is good but having too much of it doesn't make it look good. Excessive confidence might lead on taking a high risk opportunity that could cause loss and so as for lacking of confidence. Besides, I don't think that over confidence will work out in this kind of market the fact that fluctuation rate is not what we think of.

Balance is required in every part of your life as you have to make a balance between your job and relations, your needs and you’re earning, your wishes and efforts, same kind of balance is required between over confident and assurance. When you have invested the money that you have earned through hard times you should be confident about your business and good results. But over confidence does not have real consequences.

 Excessive fear is also very dangerous as well but people do not realize that. I am not saying just go out there and do whatever you want without fear and feel like you are the best trader in the whole world, that would hurt your profits as well, having a decent amount of confidence but a decent level of fear both works. You should feel like you know how to trade and do your research and get better at it and have confidence but you should also fear that anything could happen in crypto world including even the most trusted moves becoming very wrong. Find that perfect in between zone and you would be safe, if you go too much to any side, you will end up either losing because you are too snob or losing because you feared too much.

Balancing your trade between over confidence and excessive fear is the key to a successful trade. Excessive fear will stop you from making big profits and availing multiple opportunities in this way you will not be successful. On the other hand over confidence will stop you from looking important figures and concepts that can be harmful for your trade. Make a balance between everything in every phase of life.

I think confidence will not help much in trading but without this you will feel very afraid to start, so for some investors confidence can help them a lot in trading. Since joining this market, I have always faced a lot of risks and based on the knowledge I have learned during the past time, confidence in trading is very important. In addition, you also need to have good mentality and always calm before making decisions.

Of course emotions are often difficult to control but if you can do this you will soon become a good trader in this market.

Even if I agree there are many people that believe in fake it until you make it, basically they are going to try to fake they are confident until they get to that state of mind, but as you state that is not something you can really fake, confidence must come from your skills and your experience as a trader not by reading some self-help book, because if you try to trade by being confident in your skills when you have none then the market is going to destroy you, just as it has done with many people in the past.

confidence in trading really starts from the ability of these traders. so if they are still hesitant it would be better to re-learn the techniques available, so from that ability is the basis for growing confidence in investing, meaning that it is not easy to trust and be influenced by the assumptions of others.

Just because they can fake it doesn't mean they can make it with the methods they have that doesn't make it. You can be over confident or maybe just enough confident to look like you are a good trader, however that doesn't change the fact that if you are not making any profits, you are not a good trader. So, you can't fake trading, you can't fake profits in trading that is not possible, mathematics are mathematics and profits are profits. Either you are a good trader and have some profits or you are a bad one and have losses.

However, if you are trying to get other people to invest into your trading like some sort of ponzi scheme and eventually hope to make money with all those investments, I could understand why fake it until you make it could actually work.

That is why you could give someone else your strategy to make money in the markets with very specific instructions about how to do it and they will never make any money because they will not know why you take a particular step since they were not the ones to device your strategy, so they will eventually deviate from it and then just when they need your strategy the most are going to make a mistake and lose an amount of capital that will make impossible for them to recover that money by trading.

Being a crypto trader, confidence is a must when in the field of trading because when we don't have confidence it is impossible to earned profit in trading. Confidence is the primary recipe as a trader, because in this way we could developed our plans and strategy and make decisions. On the other hand, excessive confidence is really dangerous because it may lost our all assets by just trying to predict market price. Market price is highly unpredictable because their are volatile so that when we lost again and again in trading, it is ok to rest first before our assets gone. 

I think trading is more on patience and waiting. Because even if, you've bought into a cheaper lower price you can't really expect for the price to go up all the way to $15k - $20k.
So doing rash decisions will probably cost you a loss of potential profit.

In any situation you need to be more confident and always calm after buying because if the market turns red during that time you will easily fall into difficult situations. In my opinion, you should make a specific investment plan and manage your assets in the best way because the crypto market is very volatile and just a few bad news will change your psychology.

You need psychological control because the crypto market is very volatile and even a few mistakes will cost you money here. I always analyze very carefully to avoid unnecessary risks but of course it only reduces a small part and everything still depends on this market. However, if you have good trading knowledge, you will become more successful in this market.

Even youre too confidence still you need to be careful because in the blink of an eye changes in the market might happen or is done very quickly. Confidence is also need in trading but with strategy to avoid the loses and to lessen the risk, most people got loses because of having lack of knowledge and not knowing the current situation of the market.

It seems to me that only a professional trader with a large amount of experience can almost automatically determine the necessary moments in the cryptocurrency market and, based on this, get very good results.  Today I am practically in zero profit, because I do not have successful results.  as if it’s a very thorough study of all the coins and the possibilities of making profit from daily trading, but if you take into account the monthly results, they are practically zero, because it is very difficult to keep track of the indicators of coins in the cryptocurrency market and if you get a plus for several days  then this plus burns a minus.