Bitcoin Forum

It isn't being disciplined that keeps you afloat in the cryptocurrency industry, it is one factor, yes, but the major one is knowledge.
 Discipline without knowledge is nothing, it is like being leash without knowing what to do.
discipline without knowledge is not much,you can be disciplined and invest in wrong crypto currencies, or you can be disciplined and lose everything due to scam, you have to do your work regarding education and safely store your crypto currencies, to be successful as a trader, otherwise you will lose some or everything due to scam/phishing/hack, or market will thought you that not every project is going up during bull market.

but Knowledge without discipline is also Nothing , because you cannot just use being disciplined to succeed , and you cannot use knowledge as well to succeed.
and also there is one and that is attitude, because even how knowledgeable you are and being disciplined but if your attitude is greedy then failure is what always awaits  you .

It is a combination with all of those factors that you know on how to become a better person as you invest in cryptocurrencies. You can be good with most of those but you still got a lot of things to do and needed to know because you just can't be that person that knows all things that's in cryptocurrencies as you invest.
Knowledge starts with DYOR.

You are right. To make it balance you need both discipline and knowledge but don't limit yourself to those you should also take consider things such as bravery most of the time you are not sure what will happen in trading, investment or gambling and without bravery or courage you wouldn't be able to do things. Sometimes following your guts can lead you to something good this is based on my own experience.

Each investor is the key to success for their respective investment portfolios. One of the important keys that make an investor successful in investing activities is his character.

This character is not formed instantly, but through long experience since the investor has not achieved success.

An investor must at least have a sense of responsibility for all the expenses he earns, They carefully observe the circulation of the money they have, and apply strict principles to their money management, In addition to responsibility, patience is also a conspicuous trait among successful investors, Successful investors are usually not reckless and talkative about the ongoing investment trends, then successful investors are usually very diligent in reading. They are never lazy to read and continue to study the investments they make.

There are other factors besides those two aspecdt but these two are the most important. Knowledge cause a lot of newbie lacking this trying out their game without it is considered as suicide in crypto market.

Discipline also and patience served too. If you cant wait for right timing, then you are gonna lose without knowing you lack something. Its a waiting game and if you didnt wait for a perfect time then I swear you will loss big time here.

It can be said that discipline and knowledge are solid keys before achieving success as an investor. Respecting those will guarantee you the necessary financial security. I used to be an undisciplined person and I received a bitter return in the investment process. Being hasty and without knowledge leads us to make fatal mistakes.

Both discipline and knowledge will help you to survive in any field. That will also work in cryptocurrency so you will have more opportunities to make money. Many people want to have discipline and knowledge but they do not learn more about getting it. If you can have both discipline and knowledge, you do not need to worry about scams/phishing/hacks because you will know if it is real or fake. And that can help you to select the right project to invest in crypto.

I agree with you that knowledge and especially discipline are both very important factors but i also want to add that in my opinion the most important factor is still luck. I invested in some projects recently that have, at least in my opinion a great usecase a good Team and a well thought through roadmap with achieveable and realistic goals. Yet some of this projects are still below their presale price while other projects with zero usecase make 100x and more.

Discipline and knowledge are factors that are demanded in every project.
Having a vision and mission as well as knowledge in investing will definitely benefit.
In addition, the courage factor can also determine the profit value of each investment and also the luck factor.

There is a misconception about crypto that its about making you rich over night. Many think that BTC is about buying it at 10k and selling at 50k. This is where knowledge comes in, only knowledge can tell you that its not like that.
Second thing is discipline (patience), you must have strong nerves to see market bleeding. Don't immediately sell when you see your coin going down, if you have patience only then you can succeed.   

Absolutely, without such important things there's no future for you in trading wherein only failures because of greediness, and there's a potential as well that it can lead you in doing mistakes and of course frustration at the end because of being not aware of the different kind of situation in trading field.
So always keep it your self that before entering in trading and making decisions start practising your mind and attitude first and don't forget the skills also because that's the most important of all.. Then if you know that you're really ready to start your journey in trading then go ahead..

Absolutely true, but they are not the only keys to success in trade.
In fact, success in trade can't be determined by setting some factors as prices can drop for unexpected reasons even you have enough knowledge in your background.
I would like to add Patience and Wisdom to the general facts for success. Without the need to mention that you should have enough budget to reach a significant profit + do ever invest in trade with a money that you don't afford to loose, similar to gambling.

I am a trader as well as an investor in my opinion trading discipline is very important we should have our own discipline and especially don't be too greedy in this market if you get greedy it will lead to failure and loss . I have learned many times in my trading.

Both factors are important to become a successful investor or trader and imagine walking with two legs and one leg so you can realize how hard it is to reach the destination with only one of it.

Discipline and knowledge are two things that works together. You can be disciplined but without knowledge you still won’t be able to achieve anything in trading. And you can have knowledge, without discipline you are still going to find it difficult to make your way through the cryptocurrency market, since the market is a volatile one And there are lots of risk involved. So sometimes we need a little bit of control over our feelings to be able to make the right decisions and at the right time. Discipline is that control you have over greed and other feelings that are going to affect your day trading.

They both compliment each other, discipline and knowledge are both a necessary ingredients in other excel in this space, even if you are very knowledgeable and don't have self discipline you might end making a bad decision, they are both very needed not just in crypto space but in our every day life imo.

This has become an open secret that must be applied in the investment world. If Knowledge is the key then money is the foundation that will strengthen knowledge. Discipline for me is number three (3) after knowledge and finance. Many people have knowledge about investing but cannot operate without money.

Discipline and knowledge are an integral part of each other. Both need to be successful in both crypto and real life. Just as a disciplined man cannot be successful without knowledge, so a knowledgeable man cannot be successful without discipline. Success is possible only through the proper application of the two.

It is about more to be the fundamentals or basic for us.
Like not only one, but supporting each other.
Knowledge is very important in order to let us really know what we are doing and what we are going to do later, based on knowledge, we will do much better than we are blind to the knowledge itself.
And knowledge supported by the discipline will make us consistent and good enough in doing the practice of the knowledge itself or doing something related to the knowledge.
Actually, there may be also other things to relate as basic to knowledge and also discipline, that is the awareness and self-management.
Where awareness is also important for us to be aware and open-minded of something.
And also self-management will be also important for us to really manage ourselves from everything, including from the risks and also other probabilities.
The unity of those is acceptable.

That's true, and there are also many people who have money but have no knowledge of investing, so they also don't know which direction to start from first, but the issue of discipline must also be maintained properly so that everything can be very complete.

With knowledge, i know an investor who possessed it will always come up investing in the most potential coins in crypto. And once you already have them, you will start to develop discipline on yourself so you will be able to manage losses and end up maximizing good returns.

So i must say that these two are inseparable. You won't be successful in life if you don't have them both because one should compliment the other. Just as if you are knowledgeable and well disciplined in managing your investment, it will always come up with positive results.

If we read the topic of speculation, most of the topics predict crypto conditions which are far from the current price. Of course this is not knowledge, but only an estimate. And the estimate is only 1% can be declared correct and 99% can be said to be wrong. So regarding changes in crypto prices are also based on estimates. There is no exact science in the context of crypto investing. Unless you are a large capitalist who can withstand dumps on certain cryptos.
So far I haven't found any exact knowledge about crypto prices. If there is, then it is very easy for someone to make a profit, so the capitalist must always expend capital to cover most of the assets. The profit that a person gets is based on the capital of certain parties. It's just that they are able to withstand losses in the long run. I think the issue of crypto investing is a complicated one. There is no exact formula, it's just based on estimates.

Sufficient knowledge and time discipline are things that cannot be separated if someone wants to be successful because without money everyone can still do simple jobs in order to earn money, but without sufficient knowledge and disciplined time, everyone will find a dead end and fumble.