Bitcoin Forum

Hello everyone, i hope you guys are really well and taking a handsome amout of profit from this huge bullish market. Today i will talk about something different. I think my this suggestion will help you alot for your future. Actually I think we can't make profit after a time in crypto. Why? Answer is simple because we are following someone blindly and also without learning. Just think if we depend someone to invest our money is it right? No, never. Well we can follow someone's to take suggestion, or gaining knowledge or problem solution strategy.  This could be bring us a better future. But if we follow someone all the time then just think if you fall in some trouble but he i is now not available to solve your problem then what will you do. When he available you are already  in big loss. Is it Will  be your journey?  No, Not. Then what should i do?  Simple, Learn to follow Your self, learn to fix problem,  learn to find new problem then fix it. Try to discussed Everytime with expert to gain knowledge not to take suggestion where coin i should invest now, tell him to help you to understand graphs, technical analysis. How we have to deal with price chart? If you can learn from them, then you can be get a better future journey than a following someone's journey.

If you guys think i am right then comment something posetive. which will motivate me that someone get something from my knowledge. Or if you think i am wrong somehow then please suggest me how i can be in right road. Thank you

It isnt bad for you to at least do look into those informations that you can get to those pro's when it comes to their analysis, its just that you shouldnt really depend on it fully.
You are right that learning is better than following but doesnt mean that you cant learn out of those things that you had experience or you have seen on them.
Dealing with the market actively will really be making you better and better as days goes by. Some people really cant just afford to put up big effort into their trades
but instead they do rely on following someone and consider as a good option or path to take without even realizing that it isnt really beneficial in long runs, unless
if you do study at the same time when you are following but this is just on rare occasion for someone to make.

Not bad, in fact, I always recommend before entering the market to speculate or invest, education is better, but not only about technical analysis but about how to understand the market.

I recommend you read books, by some market speculators, who talk about their experiences, how they faced the market in certain situations. I recommend you read books by Warren Buffet, by Jesse Livermore, Wyckoff.

Search up everything from basic and later on proceed with advanced trading system and as mentioned above where you shouldn't only focus out on technicals but also with fundamentals as well.

This will take time and involved lots of trial and  error because trading isn't a thing that you can learn overnight. Pure experience from pure engagement is really much more better than following.

Try to take grasp on everything and understand on what you are doing.Market volatility is one of the main issue this is why emotion and decision making skills or handling will really be crucial.

Indeed! Learning on your own is like having your own weapon in a battle. You are not waiting for someone to defend you in this battle. Even if you start from the ground, actually it is much better, as you will encounter lessons that you can't read from trading books especially if you are into crypto trading. There are so many unwritten rules here, where you can only understand once you are doing your own trading. Start small as everyone is entitled to make mistakes. You can't gain your trading knowledge in your first day, so expect that you will have losses. Actually, even when you are already trading, there will still be losses but at that time, you know how to stop your losses.

^ That is definitely right for me.
Why you will follow other opinions if you can decide from your own. Remember that in trading experience is the best teacher after all. Once you encounter failure, just try to make sure that it will not happen next. Following other's opinions for me is a kind of cheat because you copied or stolen the idea from others for your own benefit. Nevertheless, this is a case to case basin only,

You're right. It's your money, it's your responsibility. I can't blame those investors that are following people with their investments because it's convenient for them but I think they're aware of the consequence of it. Once that investor they're following has chosen bad investments or cryptos, then they have to accept it.

But who's still doing this? in such platforms there are features of copy trade but it's a different thing in investing in cryptos. You're not copying others if you buy bitcoin and just hold it just as what everybody is doing. I agree about learning, it should be an unstoppable activity for every investor and trader.

I dont think there's anything wrong with following someone's trading history or someone who a good knowledge ion trading.

Following is good for newbies and when there is a tryout, learning is the best process and leads to success. But failure is natural in trading, that failure will be made you inspired about your bet and learn how to NOT give UP until you will learn as a newbie and this learning is very rare now.

All of these are depend on which you are confident to trade-in if you feel that you can have a passion for doing such a thing, it is fine.

I'd like to think that it's important to have a mentor whether you're a newbie, beginner or even intermediate trader. It doesn't really matter because at the end of the day, we all have people who were pivotal to our journeys. You mentioned something I found insightful though. That's the fact that we have to zero down and go the extra mile to learn things and do things for ourselves.  There's a sense of satisfaction and fulfillment that I get anytime I do stuffs on my own without really needing anybody's help or support.

At the end of the day:

Everything should be in the process of learning how to read or anything from start until today being an adult and gaining interest in what is special.

Your example is off with the kind of the following thing still, I get your point possible in that process and scenario of yours they will learn to step up after they learn from that mistakes, plus when you are new and don't know what to do maybe they will just follow.
They are two kinds of people maybe this the one you are saying that they are the ones who follow but maybe not that much as possible they will find help in any possible way, not one person.

Lastly what I see from all of this is that people should learn from everyone, not just one the same time they should read books themselves and not just following because they will regret when they just follow and not read that are the ones who cant stand alone.

Learning is hard and that’s why many are just looking for a signal and follow it, which I think is not a good strategy.

We really have to learn the process and this is the only way to become more successful so don’t think that you’ll become rich here easily. Keep on learn even if its hard, because at the end of the day all the things that you’ve learned will help you on every decision that you’ll do.

Well, it certainly isn't wrong, but not entirely right imo. Both following (or copying) and learning someone is needed, I hardly doubt one could exist without the other. Following someone means that someone learned something from others, and learning something means you followed or copied someone doing as such, it's that simple. Being stuck at one point is bad and instead should be both balanced. Copying and learning go hand in hand. It isn't wrong to copy, nor should it frowned upon tbh, it's prety much the root of all learning.

When we are in the beginning of our journey, I guess it's good to look at someone and learn from them. However, when you have the experience, you can make your own decision by not following anyone and it will also make you a good trader, regardless if you win or lose.

Experience is the key here and learning from your past mistakes. You don't need to rely to others but to yourself and then move forward alone and learn tricks by yourself and probably discover more secrets in trading that others are not sharing.

There are many problems with following someone else when it comes to making your financial decisions, to begin with if you know nothing about the markets then how can you know that the person you have in front of you is an expert on that field? The person in front of you could be a beginner but since that person knows more than you he comes up as an expert and you trust in him when he has no way to profit from the markets either.

The next issue is even if he is legitimate what are you going to do once he decides to stop helping you? Look for someone else? Then you will have once again the problem we discussed above, and finally why someone that can trade the markets will give away his advice for free or even for a fee when he can trade the market, keep quiet about it and earn a fortune in the process? So as we can see if you want to obtain results in the markets that can be sustained over the long term you have no option but to learn how to trade by yourself.

Read how the pros do it and do what they're doing on test accounts with test balances. This is how I learned how to trade back then, though I am not an expert when it comes to making profit or getting the right calls 100% of the time. I still make some wrong decisions for my trades but I know how to minimize the losses and what to do on a bad call to prevent them from happening again and again.

Reading how to do it is one way, but applying it firsthand is another.

Of course learning is much better than just following someone's advice or posts, but that doesn't mean we shouldn't follow as you say we shouldn't fully follow all of these suggestions.
I learned crypto from someone's posts on blogs and also social media and until now, I still following him.
Every post he made about coin I will not immediately follow but will study the coin and buy based on my financial capabilities by putting aside the thought of getting a big profit, and until now that person's post when discussing is quite true so the conclusion is that you also have to follow the right person so that the knowledge we get is also correct.

You are right. It is better to learn about trading from someone who has knowledge and information to learn to analyze to find the coin that we can buy. By learning many lessons about trading, which will grow our trading skills, we will have a better chance to analyze, and we can get one or more coins to trade or to use as our investment. You can't follow someone's journey, but you can learn from him to get more knowledge about trading to give benefits to you.

If someone suggests you buy a coin, you need to analyze more about that coin to know why you need to buy that coin. What we do will not always work for us because you will get an experience that will not work as your plan.

yes i agree with that if you learn in this crypo currency you maybe successful someday by simply learning,trading and investing. following advice's about crypto currencies also good if you are new in this digital currency industry it may help you develop your skills at the same time learning from them.

As with every other good  and top paying skill, nothing good comes easy. It takes an incredible amount of time to learn a skill - in our case, investing and trading but when we take time to put in the work, the rewards are always bountiful. So instead of just trying to do a quick one on the market then settle for short term gains? I don't see the point especially since crypto is always rewarding to long term hodlers.

Why not go both, learn and follow at the same time for maximum efficiency. Learn the trade to get experience, knowledge and wisdom that you need to become successful, follow the advise of people about their mistakes so you won't make the same mistakes that they made. It is far better that you have both learning and following in your journey because there are things that you can't get with just one. It is better if you have all the tools rather than making your own or improvising along the way.

This is not only related to trading BTCUSD (https://de.tradingview.com/symbols/BTCUSD/), but to all aspects of life, as I believe. The other day I found a nice post on TradingView (https://de.tradingview.com/chart/EURUSD/mkSeaeyk-Education-Why-you-should-NOT-buy-or-trade-signals/) about just this topic. Me to, I believe there is no shortcut, there is no quick way, there is no way but to sit down and do you work. If you want to be a trader, you need to evolve. You cant evolve if you are only copying another person. that also goes for all aspects in life.

Indeed, anyone can be a successful traders instead of following others trade signals. But it's also a great way to learn from anyone's trade signal like "why that expert think thses coins/tokens will pump or dump in the upcoming days? What'll be the right price level to buy any coins/tokens?". If anyone ask yourselft with this questions and constantly try to figure out the answers of those questions. Than it won't take more times to become a successful trader on your own, IMHO.

Yeah, that's a good decision. We should not rely too much on someone professional or expert to invest our money continuously. It looks easy, we invest our funds and ask someone who is an expert in trading to manage it, we just give up funds and make a profit without bothering. But it will be very risky for us, if we have no knowledge or experience at all about the world of trading, and we choose the easy way in that way. Because we will not know exactly where our funds run, where our funds will be invested, and fully traded.

Therefore, we have to start learning how to trade. Why? Because that's where we will look for profit or a living. If we don't know anything and just jump into the world of trading just like that. Then it will be a turn off in the future. Since trading cannot be started just like that, we need to first learn about how to trade. Starting from analyzing the market, reading chart movements or candles, or buying or selling currencies. All need to be calculated with precision. There is nothing wrong with learning to trade while being assisted by an expert, we can ask about what we don't know, learn while starting with a small fund first, if you are sure what we have, then start trading.

This knowledge and experience will be of great help in the future. Because if you encounter a problem, you will not immediately panic because you don't know anything about the problem. With our knowledge and experience in the field of trading, we can analyze these problems and find solving points. Nothing but nothing, this problem can be resolved by our own hard work so far. Everyone learns, even an expert will continue to learn to improve and continue to increase his knowledge and experience. Because with this, we will be able to become accustomed to facing various obstacles, such as a decline in market prices. We will not easily get carried away by emotions (panic), we will be able to rethink to find a way out, because we are used to the problem.

Learning and following both are good in the areas of trading. Learning is better than following with this reasons here:
•Knowledge: through learning someone can be impact knowledge on how to trade in a good environment to make a income.
• Facilitators:You can know your facilitator through learning. Many facilitators are easily to locate through learning center, where many traders will be assembled for more information concerning Profit making.

Following is not that bad, but when a trader stops trying to make trade decisions by themselves and always wait for their mentor or trading master to tell them when to buy and when not to, then that's where it's very bad, cause nothing last forever your trading teacher might become more busy at one point in time and he won't have the time to always tell you what coin to invest in etc, this is why learning is alot more better because when you learn you would be able to make your own trading strategy/decisions and if it doesn't go right atleast you will learn from your mistake, so many are scared of losing their money, that's why they only follow trade signals rather than trade or learn to trade on their own.

I'll definitely agree with you on this one. I know trading can be very hard to learn that is why we as for some help, tips, advice, and even signals which is a normal thing and there's nothing wrong with that. However, you can't rely upon them at any time cause there will be times that they were not here for us to help that is why you should learn on your own and don't wait for their signals or whatsoever. They always say make your own research, so what if you made a mistake it would serve as a lesson for us. If they can do trade then you would be able as well. You shouldn't rely on them much because you should create your own path, your adventure, it would be tough but it would be fun as well.

felt like I'm reading a short spun article done by a simple bot. next time you put space and separate paragraphs but true i still can understand what you meant here.

the steps to learn from the beginning is just to follow what others are doing. once you are not satisfied with the earnings or the ones you copy are is tend to commit mistakes every time, you will try to find ways to trade thru your own analysis.

Well it is always beneficial for you to learn few think before making any kind of investment because if you don't learn the chance of loss increases. Experts are there for giving you opinion and it depends on the person who is following to blindly invest or to do a back ground check on the coin you are investing in.

The honest truth is that even those who provide trading signals will always FIRST act on their own accounts before relaying that signal to subscribers, whether in opening a trade or in closing it. So, they always have that edge on those following them, whether it's a paid service or not. Another reason why it isn't advisable to follow calls from others is the psychology of the person making that call at the time. You may not know if the person offering the call has a sound mindset at the time or stressed out. Trading, for me, is a profession. It's like flying an aeroplane or becoming a medical doctor. You learn the art. Don't depend on others. You can take a peep into what they do and add to your learning process but don't solely rely on them.

I totally agreed with you,Trusting or following others finally leads to loss,May be some get profit but it will be in short term.Learning and getting enough knowledge is profit for lifetime.It is true in learning process you will face the losses,anxiety,fear but if you will never giveup one day it will give fruitful results to you.Learning is basic for any field in crypto either trading,holding,staking or participating ICO projects,So first learn and then Earn.

For anyone looking for tldr
OP just wants to say that we should decide by ourselves.

@OP
Thing is other people are driven by celebrities. Do you remember the start of the hype again in dogecoin when Elon Musk just        said that it will go to the moon? Many invested to Doge, I believe but I don't have the statistics.
But that shouldn't discourage you still to decide by your own instincts.

The thread title has shown what people in the crypto world have to do to get something useful to anyone and that is experience. Yes, I agree that learning adds knowledge, and hands-on practice is how they gain experience. Learning is better than relying on other people's decision and I believe it is only by studying that you will become a successful person. Trading is an activity that involves money and must be carried out very carefully and in the right way. Many people share experiences in forums about potential asset analysis, their success in achieving target, and so on. I don't feel that if we did something similar as they did it would still be justified if it pays off. But depending on other people is not a way to show others that we are professional trader.

Analysis can still go wrong, we have to make our own decisions because they will never be responsible for everything that happen to other users.

When it comes to hype and positive sentiment then it would really be depending on your if you do decide up to jump in with the hype or would wait for some time before
some reaction or shall we say some price action that you are waiting for.You can also learn while you do follow someone too but doesn't mean that you would
heavily relying into those events and would be completely forgotten even going with the basics of investing  or trading.Always bare in mind that not all news or events
will give out significant impact.So its up to you on how you do deal with it.

There is nothing wrong if you follow some experts in trading or some bitcoin enthusiasts. I do following some of them since 2018 but I just do that not to rely on their predictions, but to learn and to compare my own technical analysis from them.

As time goes by, learning by ourselves is a great advantage as we should just stick with our own instinct and trust or own prediction when it comes to trading. However, it also be an advantage if we follow some good speculators because by reading how they came up with their TA, we actually learn something from them.

The way you stated here your opinion here, I found out that this might be your experienced via encountered by someone who really depend on others. However, not all people here in crypto space is like what you are thinking. Just like me, I had been here for a couple of years but I never depend my profit into others opinion here in the forum. Although, you are certainly right that learning is better than following.

I really do agree to this. A lot of people are just following the trades of others and as a result they actually fail to understand what is the strategy of the trading making them having loss in that trade. For beginners, it is okay to follow some trades but it is important to learn the strategy. What parameters and studies did that trade use and what exit strategy you should come up with to maximize and secure the profits.

Trading is a continues learning. There are a lot of factors affecting the demand of a crypto and so we need to continuously understand how this factors would affect the price. Create and personalized your own strategy as well depending on your activeness in trading and risk appetite as well.

This also depends on the familiarity as well don't you think? I mean sure the idea that we shouldn't give our money to experts or just blindly do what they say we should do, because that doesn't really mean anything to us, we should learn why they say one thing or another and so forth. At the end of the day we are going to end up with absolutely nothing, maybe some money if we are lucky but we do not even know why that money came when it came and when it will change etc etc.

However let's say your closest friend is master at this, been trading in stocks/forex for over a decade and been trading in crpto for 5+ years and made great returns in all of them and a rich person (I have one like that who made 2+ million dollars from bitcoin trading alone) won't you trust him? I mean not only because we are talking about just profits or losses, but because if it is your friend, you do not even have to know anything since he could practically manage it for you.

No harm in reading and following the signals and suggestions from the so called "experts" although I firmly think that no one can predict the market movements, but make sure that while following and reading their suggestions you are not just getting completely dependent on them for your trading. Learn from anywhere and everywhere possible but the decision at the end should not be solely influenced by them.

It is often said make mistakes and learn but the smart traders are those who watch others make mistake and learn from that because if you make mistakes and learn it costs you money and time. It is not as easy as it is saying but once you learn that art where you learn from all sources but never get too carried away by any of them, it really helps.

There are some traders who follow signals from a lot of groups and combine them to understand what the average signal looks like. It is quite similar to how gambling works actually. You ask 10 tipster to guess the correct score of a soccer match, then compare the predictions and you get a good idea of how the result should look like.

Didn't expect a reply but yeah gonna agree with that.
I usually just live my own business though I am sure that I am still affected to how majority will react to some certain hype because for sure it will cause a lot of demands in the market and many would buy.
I don't follow any crypto celebrity at all.

The highest percentage of crypto traders are noob and panic buyers/sellers. They buy bitcoin at 58K and then sell at 50K. They bought at 58K because after looking on it for a long time, they analyzed that this coin rises and could double their capital but they realize it very late. Then, once they buy on peak and price starts to decline, they think: OMG, I'm losing my money, I have to sell these coins immediately and get the money back until it's late. Then the price goes up, then their money is F*ed up and that's all. In trading, there are endless rise and falls.

You're absolutely right. A lot of folks follow blindly the steps of others without taking the time to learn how those people make their decisions concerning trading.
Personally, I have no issue with the idea of copy-trading. Copy trading is actually a good way to make money trading without having the necessary skills and knowledge required for trading. It becomes a problem when the folks practicing copy-trading do not have any desire or make any attempt to learn how to actually trade
I believe the best thing to do is to actually learn how to trade by taking the time out to gather the necessary skills and knowledge

Following has become a trend in this crypto world, moreover it is following a public figure or even someone popular, rich, and also big. However, this is not good at all, moreover, it is about investing and trading in the crypto world.
I do agree with you where we need to learn at first, learn more than only following

Most of the people are thinking to make money easily and that’s why they always follow someone else, most of them succeed in short term but later on, if they continue to follow I’m sure that they’ll lose money. Having the right knowledge is very powerful, we must not skip from learning and we must be more willing to sacrifice our personal time just to learn things that are more important.

Many people experience losses when trading, usually following other people's trading signals. Even though this must be avoided, if we want
to become successful traders. Must learn about trading, so do not depend on other people's signals when trading. Therefore, don't be lazy to
learn how to analyze the market, if we can analyze the market well. Should be able to determine the buying / selling price. That way it will
usually be easier to make profit from trading, if we can analyze price movements in the market correctly.

When I got into trading, I decided to take the risk alone but this is really hard. That is why I'd ask someone who is mean to be an expert or just have knowledge about trading. He is a friend of mine and I think there is no problem with that but if you are talking to someone not known to you, that might never work.

A reason why some people (just like me) doing this is to learn more. Will Youtube is enough but much more detailed if someone will teach you personally but this doesn't mean that we have to rely on them always. We must have to stand our own feet also.

Without a doubt testing your strategy is critical even if you are not using real money as this will give you a better idea of how trades take place and the mental process you have to go through, however despite all of this is still not the same, you are not going to feel the same pressure that you feel when it comes to real money.

Most people are trading with amounts of money that are significant to them, which means they do not want to lose, and closing a trade when you are losing money is really hard but it has to be done, but many people fail to do so since they are hoping the market recovers and while sometimes they are going to be right the moment they are not the losses they will accumulate will be massive to the point it is impossible to recover from them.

A common way for new traders to react in the market, Those who don't know the psychology of trading will react the same and panic every time the market put up a big move. People who just got into the crypto market because of the hype were mostly on a loss because of panic selling, I've known some in real life  :P and I don't know why do they don't learn from their experience in the last 2017 bull run which happened that the reason their losses is rushing things up and panicking on the given scenario.

I personally feel like learning is something that never stops, so you could start whenever you want because even if you study for 3 years, that doesn't mean that at the end you are not going to have to stop learning and just keep trading for 20+ years with that knowledge, you will have to keep grinding no matter how great you are, even if you work 20 years on it that doesn't mean you can stop.

This is why I believe you can start trading today right away without learning anything, and then while trading keep on learning as well, that is just how it should be like. Obviously it is not really ideal to start right away but you understand what I mean, it is not about when to start or when to learn, that is what I mean, it is about how you keep learning more and more and more all the time. Never trade and just make profit and think you are fine because you are not, the money you make right now could be your loss tomorrow if you do not keep learning.

I agree with you, you need to make a decision on your own about your investments, now there are a lot of stuffing in social networks, YouTube, and so on. It is always necessary to conduct a deep analysis before entering a deal or investing your money in a project, you do not need to be based on any one opinion.

Following will never let you grow after a certain amount of time. It's only good when you don't know anything about the concept and want to learn. Once you are done with the basics, it's probably best to study yourself and make it on your own. Make mistakes, learn from them, don't ever make the same mistake again, there are always better ways to do something. You just have to keep the patience to find it and do it.

I think the better saying would be "Learning while following is much better". In order to be good in something, you must need a teacher, a pro, or anyone that will guide you to build yourself up to be good at something. Following a professional trader will result to a good profit, also, you must be learning while doing so because if not, then you're not growing, that's purely parasitic instinct.

A good teacher is a good inspiration to do things much better, so you could surpass them one day and make them proud as your teacher.

The perfect example for this can be the trading signals group which people join to get paid signals. If you learn the technical analysis you will not have to follow these groups to get signals and also you can preform better trading. This implies to all field of life, if you want to achieve something try to learn it and  stop dependent upon other.

If we follow someone blindly and without learning, it will no need to wait for a long time to see we will not be able to make money because we can not get what they teach us. We can follow that person, but we must learn by ourselves, so we have a chance to understand what that person means, and the important is we can have the opportunity to make a profit. You can search for the other lesson from other people to add additional information that will help you and increase your trading skills.

That type of "cap" is the reason why people do not grow too big, normally if you are learning there is always room for growth, you could be a great trader and one day can see something you have never seen before, it is just that type of deal, but when we are talking about just following others there is a room for growth but that is limited and like you said after a while you do not keep growing, because you are not learning anything.

I am not 100% against following others, if you really find someone who is good, and they do help you, and after 6 months everything looks great, you should probably keep following them, you will know if they are a person to follow or not sooner than 6 months so if there is no problem by that time, you should probably feel comfortable about it. Which is why I think it is quite important that we end up with someone we trust if we want to follow, or just learn ourselves.

The author is absolutely right. We must learn and not follow someone's advice. When we just follow the recommendations, we stop developing. And developing a trader involves a process of trial and error. Yes, we must make mistakes sometimes in order to progress. In addition, the one who simply copies other people's transactions may not always be as profitable as the one he is copying. It's all about liquidity and slippage.

No doubt, learning is the only key to success in trading. Those who are able to learn faster are more profitable and take less time while people who make the same mistake multiple times, expecting different results, will take more time and money to learn and move on.

Following others is a great idea actually if you can inherit the good characteristics of the person who I believe is successful and implement some or all of them into your own trading. The problem is that some people follow others but rather than learning they are kind of fans, like actors have their fans who can learn nothing but they just follow them.

Follow someone to learn something, otherwise just avoid following anyone and make your own mistakes to learn from them.

Learning is always better than blind following. By learning, you will get to know the different strategies used in crypto market or in any other kind of investment. This will increase your chances of earning profit and rude risk significantly. On the contrary, blindly following an influencer for investment purpose might get you into trouble of losing your investment because you are not doing any background search on the product you are investing in, and you are not learning anything as well.

The disadvantage of a copier is when the market crashed, the one he's copying are capable

of selling and cutting their losses, as knowledge about the market condition gives them the

opportunity to adjust, while those who are just copying, the chance of being left behind

is always there, quick market movement kills your position and burned your investment.

Following someone to learn is actually a good idea, most people suggest others to read books, watch youtube videos and so forth, that is why I think those people fail, because it is always a person learning from "something" and not someone. I believe if you actually have a mentor like person, or a tutor or whatever where they will basically teach you how to trade and not help you trade, that would be better. Why having someone teaching you how to trade instead of actually helping you trade would be better?

Because if you actually learn how to trade from that person, you could use that forever, if you do not learn it and just follow them that would make you stop as soon as they stop, whereas if you learned about it that would mean that even if they leave you would still have a chance to keep trading with the things you have learned (if you learned enough).

It depends though on how that copier to be that fast on following into someone, if he's that active then he wont be falling behind
but if not then he  would really be missing out  that part which would really be resulting into loss.There's so much gap when it comes to skills and knowledge into someone
who do make their own trades compared to those who are simply copying others moves.Learning for yourself is much more worth because you would really be that
confident on what you should gonna do rather than on copy others analysis just because you are just lazy to learn up everything.

Not only it become better but honestly, this helps a lot.

Mentoring other people is helping as well but we should also have to stand on our own feet. The more we become independent, the more our knowledge and skills developed so well which I think is very important in order for us to improve. We don't have to rely on people for the rest of our crypto life rather than build our own reputation.

That's right, market volatility is a major factor that should not escape our attention. In order to be able to find out the movement of votality, it is necessary to have knowledge about how to analyze and predict it properly. Where we are faced with the movement of graphs that go up and down, to be able to read the graph is certainly not an easy thing to do, maybe you can see the movement of votality through a website that provides it. But with you being able to read the chart, it can help you predict whether in the future the price will increase or even decrease.

As he said, learning from the basics is very necessary before you proceed to the trading system, because this basic knowledge needs to be emphasized at the beginning of trading, so that at the next stage you will not be too confused in learning it, try to learn gradually so that you can understand all the main basic elements in trading. Especially in reading or analyzing charts. In trading, your emotions also need to be trained to remain calm and patient in all conditions. Don't panic too much, and don't be too relaxed either. Stay focused on your goals and assets. If emotions are in bad shape, I suggest that you stop first, don't push yourself too much so that the problem can be resolved with a calm mind and you can make the right decisions in dealing with problems such as the decline in the price of your assets.

Not necessary for you to follow because you can eventually learn when you do trade on your own or doesnt depend on anyone but if your way of learning is to
follow someone and make out some observation then that what counts but dont rely on it in longer runs but rather try to observe on things on how they
had able to do such thing and later on, make trades on your own and try to formulate on things which you do seem to be effective basing on the
market condition.We do have different decisions to be made on specific time so it all varries.

In part, it is better to learn first to fail, it is not nice to lose money, and it is better to apply trading plans with fictitious money in the exchange. And although failures teach, you should know how to interpret what it failed.

The biggest of all errors is that when you win in trade, you should know why, if you lose the same, this will grow as a merchant, trade is like a profession, where every day you can learn something new and take more experience, until What do you interpret when you can have and use intuition.

Also something I learned is, if you lose three times in a row, it should stop, because the plan you did is wrong, you should change the way to do trading or wait for the market from another entry.And do not lose more than 10%.

Whenever it comes to cryptocurrency you have to follow someone that knows better than you but if you don't want to follow anybody and you just want to trade or invest in Cryptocurrency you might always end up losing you funds so when it comes to cryptocurrency always follow people that knows better but in d process of following someone always make sure that you are learning things on your own. Maybe if he tells you to buy a coin make sure you do your own personal research about the project before buying always try to learn from the person incase whenever the person is no more available you will be able to stand on your own and start buying yourself. But as a newbie in Cryptocurrency you definitely need a mentor.

OP, I am sure someone will get something from your knowledge because we are in the season where the message posted or tweet wrote by some influential are seeing as investment advised by a lot of cryptocurrency trades/investors which shouldn't have been like that and it sad either that people ignore the learning aspect before chasing after making a profit.

Many people have said that for a long time, that learning is a teacher in our life, as well as for trading, because trading requires experience, without experience we will never know how to trade it, learning from experience is a good thing to be successful, not from following free signals or from friends, because if we are like that then we will be addicted, and success will never come.

When we're going to start trading, basic learnings could be hard to acquire during hardships. The market was too volatile, and if you don't yet have the skills to manage your funds you're going to fail at 100% probability. After all, you won't learn when you don't fail so every mistakes might be your ultimate one point lesson before heading to success. If you're just following others technique, I don't think that's effective because having your own way of dealing in trading is the most efficient strategy.

If we want to succeed, we just have to learn it first.
This will be a big struggle for those who want instant gains from trading, they usually relying on third parties and pretending to be helpful but deep inside, they are the ones that brought you to the deep. We can't expect this free signal trading will work, it will just brag to greedy people and that is not to wonder why many people like them had come to lose because of these people.

Actually its true.
Taking decisions by yourself is far better than depending on others decision. Because at least u can blame yourself for the loss.
So try to learn first instead of following one self.
Maybe the one you are following has some different mind set or plans which doesn’t suit you. So
Its better to take decisions by your own

There is nothing wrong with us following other people when trading, but don't trust 100% with other people's analysis. Because it is possible that
the people we follow are wrong in doing the analysis, we must also be able to analyze the market on our own. That way we don't need to depend
on others, or can be used as other people's signal only as a comparison of the results of the analysis that we do ourselves.

I get what you are saying and for the most part that is the attitude that those that become successful have in whatever they want to master, some people think that this is just like what happens in school in which you study for a test, then pass the test and that is it, but in reality you need to keep learning and improving yourself and your strategy.

And the reason for this is simple to understand, if you want to stay at the top you can never stop learning because other traders are not going to stop either and they could improve their strategies to the point the strategy you use now becomes obsolete in the markets in just a few years, so you need to keep grinding just to keep up, and while it is hard at the same time it is an incredibly rewarding experience for those that can accept this is just part of what becoming an expert trader is really about.

It's a fact that you need to continuously learn how to trade, New things are spicing up the trading community and different types of trading are showing up. Honestly, I temporarily quit crypto and trading way back in 2018 when the big bear run happened. When I came back and tried trading again, I was very confused about my losses because the same strategy and habits that I used before are what I am applying but I keep losing. I figured out that I need to relearn or review how to trade again and futures trading that time is new for me so it is not a waste of time studying trading again.

I'd mentor one person before and I take that opportunity to learn more. This is a process, even you learn from youtube but you are still following someone, do the subscriptions and follow what they say.

It finds no wrong for me, that is how we develop our knowledge but of course, we have not to keep relying on them. It is a need for us to make our own and trust ourselves. This is a way to test ourselves if we are truly enough to take the challenge and stand our own feet using the learning that we have.

Humans are known for always wanting to take the easy way out which is why majority aren't as successful as the few that are willing to take the pain, risk and learn from the process instead of blindly following others. It's quit understandable why traders tends to want to be on the recieving end just taking signal and place their trade. It's not the best strategy and the sooner you realize this the better fir your career.

At first or probably for a very long time, you can recieve huge profit provided your signal provider is good at what he does and doesn't what to take advantage of your gullibility to dump coins on you through pumping and dumping particular coins if his desire but still that's not the best way to trade. You should pick interest in learning and you won't regret such decision.

Doesn't matter then if it's a market crash or a market spike. If you're copying you're always behind in time and not able to react as quickly. But anyway, a pro trader always enters/exits long before he sees a crash/spike. If you're reacting as it happens, you're not pro at all! Correct me if I'm wrong but that's actually the whole difference between pro and amateur.

This is true. Following won't lead you anywhere in the long run. I have seen people blindly investing in coins just because a very "influential" person he follows told their viewers that they are investing in that coins because of "some random" reason. And then people jumps into it without knowing what they are doing. Such act is very risky. You will highly likely end up investing in scam projects or coins.  But if you tried to learn about the project or coins and do some research, you would have likely know that it is a scam project or is bound to fail. Yet, people still never bothers learning. All they want is someone to guide them without them giving any effort whatsoever.

An amateur trader will respond immediately that is why they mostly suffered losses. If they see a dump, they will sell immediately, unlike pro traders who will take a pause and analyze the situation then take action. Pro traders are more on the observation and market analysis which a thing we wanted to copy but as usual, most noobs will easily be twisting their minds and more on emotions which drives them to a wrong decision. But this is how learning proceeds,  it can't be good at the very beginning, it can only be good once we correct our mistakes and tried not to do it anymore.

that's right, I've always been at a loss when following others in the absence of analysis before entering. Usually they just want to make their own profit by buying at the beginning and then sharing the news in the past that makes coins go up. It's very dangerous to follow. I was the umpteenth victim. I hope this won't happen again. And it should deepen learning from experience as well as technical trading.

I think you have to learn before you following is often a mistake and therefore a loss. It becomes easier to learn first and then analyze the market and achieve success trading must be viewed from a business perspective this is not to mention that we must maximize our profits and minimize our losses if you find that this has not been the case for some time then you need to change the way you are trading. Try to learn if everything is working properly according to the strategy.

It is influential to make mistakes on our own, because if we make the mistake, we will only be upset and learn something however, making someone else's mistake can be humiliating, furthermore you may not be able to forgive yourself. I'm making a mistake and I don't repeat that mistake a second time, but following other people can cause us to make mistakes more than once.

- Knowledge is an important foundation but everyone's life is busier than you think, if you are a young person you will have time to learn but if you are already middle-aged, learning may really have become difficult, even with an effort, your brain still can't work at full capacity, following is probably the more appropriate choice for this age group. Because you've had life experience, your perspectives on the market and other people's speculations will be deeper, learning is only better when you are able to absorb, otherwise, following the path of a successful person is not a bad idea.

I think you have some point although not all people are like of what you think they are even if they were a middle-aged person. Some of us will have a different priority in life so if someone's choosing to be a hard worker it's their choice while others choose to do full time job and others choose to do full time traders. We all have our own choices so what you choose is not a bad choice it's just that we all have different priorities and choices in life.

Following someone is not bad but you can't move up if you keep following someone ahead of you. Try to invest time and dedication to learn from reading different books and various strategies to try and practice while learning how to do it right. It may not be a total success but the more you learn the more you will most likely to succeed in life.

You are right, but this choice must be supported by the abilities and expertise that are already within you, learn everything to determine your abilities, you will judge and make choices according to your heart and abilities that are easy to fahamin and do.
Follow the person if they are expert and reliable why not, but that doesn't mean you have to stick with that person and you have to learn from other things and find the relevant information you need and keep learning until you are great.

I said that before I was a follower on the investment of other people actually my circle of friends are the one who really knows about the cryptocurrency especially the coin that we love which is the bitcoin, i just follow some of their guess and statements but after having a bad time and losing most of my funds I decided to why not make a move on my self that time I learn from the forum, reading a lot of books related in cryptocurrency, and watching some videos about the world of cryptocurrency and right now because of that information I've got I already make my own path and earning towards on my own without getting dependent on other people its good if we learn from the mistakes we have stop being a follower, if you cant make the same way like their path, create your own path.

Learning is more better than following with some point here:
(1) good investor : Through learning you can become a good investor that will remain in profit making in the market without any challenge in your trade. It hard good investors to invest in the hands of scammers because they always learnt all the system scammers are using in the market.
(2) knowledge : Through learning someone can be impact on how to become a professional trader that will never experience failure in his investment.
(3) Time: Through the learning process, someone can fulling understand and get master to the right time to buy coins or sell coins in the market.

Finding some new things would be hard, because it is difficult to invent something new that would make trading better, however learning new things is a must, someone else could find some new method and you may fail to ever find a new method but you can master his method instead, that would be awesome?

We are talking about trading here, compare how people traded 10 years ago, 20 years ago, 30 years ago and further back and you will realize how "general" trading was and how niche it got now, you will see that trading became more pin point work and many people know how trading works in a great way as well, that is because people work to find how to trade better and if you keep learning those new ways constantly and if you keep getting better and better, you will realize how awesome you can get as well, this is why learning never stops no matter what you are dealing with.

It's not bad at all if you're following someone in the beginning of your journey, but also learn how the trade happens is the best thing you should do. Take some notes in every important thing that happen it that trade and learn how to apply with the same situation that you encounter before. It's all up to you if you still following and copying trades of someone, but also know that you cannot blame someone if you lose your money. In the long term, you can use the learning you have to make your own chart and technical analysis without copying or depending on someone. In the future, you might earn more from your own trading strategies.

I learned the same from what recently happened with doge coins, when Elon Musk tweeted about it, people got crazy and followed him and continued to buy more and more and ultimately they had to face loss as the price dipped by a significant value. I think it was around 8-9 cents and dropped to 5 cents. So don't follow someone blindly, rather think and then decide.

And following someone sets a limit to your expectations and growth. There are possibilities beyond expectations and we only need to be ourselves to explore the best possibilities out there.

Not only just on reading but also executing it on gradual phase because those things not to be applied on actual trades wont really change anything and you wont really be gaining experience on that one.
Reading up something will really be adding up into your own knowledge and gaining experience through actual engagement which is a must. Learning into something does really need sufficient time and
effort into someone because you wont really be learning something if you do just simply follow on someones tails without tending to make up some self-learn.You would really be not thinking serious
on dealing with things when you do have in mind that you are following someone which is already enough for you to make money but the truth is that this isnt really ideal after all.

This is where it gets really bad. I don't exactly despises following because, following could also be learning. A good follower is expected to be a good leader or master someday so, following isn't exactly bad but the way you go about following could be. When you follow in a way that you follow blindly, not getting to know the reason for which you are following a particular trend or why it's expected to move that way.
Having to follow and ask questions won't be you following blindly but, it gives you an idea about why certain things is expected or happens the way they do in the market and you are able to build your base and confidence around those reasons. This is how following could be learning so, when you follow, learn a thing or two about it.

I think there is nothing wrong when it comes to following. Although that not all of the tips coming from the one you follow are perfect, but you could still learn from it though. I do agree that learning on our own is still way better because it will make us more valuable and productive than ever in crypto trading.

Well, it is really better to learn it by yourself so that you will not be always dependent on others but following into what others do is also some sort of learning strategy for you are familiarizing what the others do and you are carrying out the idea and apply it on yourself. If you see that what others did will not be suitable for your case, then that is the time you are altering the ways they do and make some sort of changes and that makes you realize things can be done all by yourself. Nothing is wrong on following as long as you do know whether it is the right thing to be done or not.

I agree with what you say, in investing and trading in crypto it is best to do research on your own abilities not because of following others. Doing research and learning about charts will be very troublesome and takes time that, but of course, someone who wants to learn, will reap better and smarter results, compared to people who have always been followers. But sometimes being a follower can bring good luck, if it follows the right person to guide us. As was the case recently in Elon Musk's tweet, which turned out to bring good luck to those who followed him.

whatever happens to you it will be your own problem not by the person you are following because they did not force you to follow them .
 all of us do want to follow a succesful trader but lets be realistic and accept that there are bad trades that they made resulting for us to loose too but its our choice to stop following them if this looses continue to happen consistently .
we can pick another trader to follow or we can choose to learn to become a good trader on our own

Maybe this is the right way...Following is a better way of Learning.
Why we use to watch on Youtube and any trading tutorials is that because we wanted to learn more. We use to watch someone who makes trade and get some ideas out from what they do. This is very important when we start in trading, we can't start with an empty brain, it is certainly be needing someone who guides us and from that, we are able to make our own trading decisions.

Bitcoin was developed in 2009 as both a payment network and a currency. Think of the payment network as PayPal and the currency as the US dollar. Anyone can own US dollars, and if they know how to invest the money, nothing can stop them. Similar rules apply to Bitcoin. The cryptocurrency was developed to be a decentralized currency not controlled by governments or anyone. If you have ever purchased any product online, you can purchase the required Bitcoin mining hardware. Most of the products come with instructions on how to set them up. A good Bitcoin miner can earn you Bitcoins worth more than $100 every month for nearly two years.

Learning while following, asking questions to get better at it, is the main way to make money. I have a "mentor" of sorts in crypto trading as well, but I am learning from him, I have learned many things before but I have seen someone who made a lot of money during 2018 bear season so I am in constant chat with him and take his advises by heart and try to see where he is coming from.

Basically I am at a point where I can make my decisions, I was like that way before I met him as well but I have learned many things from him and now I can make decisions just like him, because I know what he will feel like when he sees a coin, if he will like it or not, how he will approach it and so forth, which is why I think it is important to follow someone but also ask questions and learn how he approaches things. If he is really good, he would help you as well.

Before you invest in something you need to do se research to know where are you investing your money. Usually people watch and follow some youtubers as they learn in the process. It is nothing bad in following if at the end you made your own final decisions.

Make it simple. If we are only following someone, he or she may be successful, but we are not sure to be successful. In following, if she or he is losing their money, in fact, you are also, will lose your money.
This will differ if you are not only following but also learning. SO following is only to know the other considerations to take, to know other's opinion and also analysis in order to take your own decision.

Some of the people who follow Elon Musk are not all lucky. There are some people who buy too high and then the price suddenly crashes, it will be very painful. Being a follower must know when to enter and when to leave, because that's just a FOMO or a flash pump.

The best thing is to learn technical and fundamental analysis, even though it is quite difficult, but with diligent study and continuous practice, anyone can become an independent trader without having to depend on other people.

Yes you’re right about that, people should be learning and doing things on their own and not relying someone else to be doing it for them, although I do understand that some people who have to rely on others to get information on trading is because they don’t have that kind of chance to be fully into it, maybe because they have another job that’s taking their time or something like that. So it’s usually not easy for everyone, there is a reason why people do it the way they do, but if you have the chance to learn it and do it on your own, that’s the best thing to do.

Continuous learning is something, we must need to focus on our day to day life regardless of what we are doing in our life for survival. I mean you do not need to be a trader for needing to be a learner but we are into any field still we need to learn continuously.

Majority of the traders are thinking that there is a shortcut in order to become a profitable trader without knowing that they really need to work hard in order to create a good trading system that will help them to become profitable. They thought that relying on someone else can help them and that misconception is dangerous wherein a lot of traders lose a lot of money by relying on someone else opinion. Trading is a one sport game wherein you need to become independent in order to become consistent when it comes to making profit in series of trade. You cannot become independent if you will not pursue to learn and to gain experience in trading.

Focus is important wherein you should have daily goals in order to become a experienced trader. Learning is important and all of traders should always remember that there is no shortcut when it comes to trading success. You really need to work hard wherein you need to study everyday in order to learn and master a lot of strategies.