Is trading just educated guessing?

[IAMYOURLEADER]

Some say it's all about analysis, research and charts but I definitely agree with you. There are many big names making prediction or analysis in the social media and some of them made it close but no one is very accurate. All of us our guessing in a way that we just don't realize.

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[jamids]

Yes in a way because you are trading base on your knowledge and experience which is what the definition of educated guess. It would take time for someone to truly learn how to trade and make some accurate speculation and be profitable. For the professional traders, I believe they have experience the phase where they are in combat with their emotions and end up in losses and they have move on with that phase and understand market psychology that's why they are profitable with what they do. Those that has insider info would sure be profitable because he gets in the trade before every body else but those who have studied the charts well would also profit because they know what is happening.

[ArIMy11]

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

I think the answer is no. My friend told me that if I want to do trading I must be knowledgeable or I know everything how the trading will goes or else I have nothing to get. It is not about guessing, it is about what strategy you do.
One time we buy a coin then after three weeks, its price goes so high then we think or we guess it will goes up more but we are wrong. It goes down and down and down again. We miss the chance to sell it, now we are still waiting for the price to increase again

[traderethereum]

Trading is not an educated guess. It is studying and being smart about handling bitcoins so it will have high return of investment in the future.

yes we need to study about trading if we want to make profit. without learning from the right source, we can not get the point of trading and trading is just an educated guessing for you. but if you can take the lesson and keep practice for what you've learn then i think you can understand that trading is not simple. even if you are familiar with trading, you still need to learn more and more so you can increase your skill, you can analyze the chart with better, you can determine when you should enter to the market and else.

[DaddyMonsi]

Partly Yes its an educated guessing because before you hit the Buy button you have to ask yourself why are you buying the coin? Is the price low enough? Will it continue to go down? is this good for long term investment? Those can be answered by guessing but if its an educated guessing your answer will be backed with some facts like, Yes its good for long term because... Yes will continue to go down because...

[KingOfWinterfell01]

Somehow it is. But you can always go in blind but be calculativ instead. There are a number of sites that provide a lot og info about bitcoins and their professional analysis. I guess you can say it's an educated guess, but through expert analysis, guesses such as these become as predictable as the sun.

[btcjocan]

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

Not at all. Trading with bitcoin requires you to follow the price flow, current events that might change the price and also a little luck.

Yep, it is more than just educated guess. It takes time, effort and a really good timing to gain such profits on trading. It's dangerous to proceed in trading with little to no idea at all of what's happening. If you do look closely at the graphs and the market you'll see major players, bullish and others. It might help in analyzing to determine if your investment can yield big results.

When you trade, you really need to be knowledgeable enough so you can really gain big because you don't have the ideas or ways in gaining more money in trading, you might lose the chance of having a lot of money in exchange of the trading you did. That's why you also need to be careful when you trade, make sure that you will gain when you trade. Analyze everything before you trade so you will always gain and though it is unpredictable, there are really good timing that it is good to trade.

[Cherylstar86]

Partly Yes its an educated guessing because before you hit the Buy button you have to ask yourself why are you buying the coin? Is the price low enough? Will it continue to go down? is this good for long term investment? Those can be answered by guessing but if its an educated guessing your answer will be backed with some facts like, Yes its good for long term because... Yes will continue to go down because...

I somehow agree on you. Based on my observation with my co-member,he trades once in a month and I think that is his strategy but normally he checks on the flow of the value whether it drops or increases.Sometimes he missed the rate due to insufficient time monitoring.However,if he has enough time he doesn't really study on it but he keeps on getting ideas from other traders then he follows and so far,he gets a very satisfied result of trading. True enough,he gave some of his fiat money to his parents and felt very glad on it. So it's not just an educated guessing.

[777Bitcoin]

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

Bitcoin trading is not about if your educated in terms of study or educated because of experienced. I hope you specifically defines educated one is. Is this accusing someone of an inside job when you said that about inside information you mentioned is not from the market itself or well experienced traders. I am really confused about what your pointing at but maybe it is worth by anyone to look for.

[aencarnaci]

It depends on your knowledge and strategy.But most of the time it requires LUCK.Sometimes even if you are strategic you do not have the luck to make a good profit.

No doubt you may need some luck as you do not want to buy in the wrong coin at the wrong time. However, with little experience and ability to analyse charts, you can still make good buy ins in crypto. I do not see much difference in forex trading and crypto trading except for the huge volatility which in itself is even a plus. If you want to be safe, do not gamble in trading most especially if you have no single idea what you are doing.

So true! Except you know you are very safe at the position you are buying, just chill out and wait for the best time. Get rid of emotions too cause I have seen so many people seeing rises in an altcoin and just opting in just to get a piece of the rising cake without even studying the movement. These are the caliber of people that see trading as issue.

[pavelkdr]

At some position I was beneath the illusion that its only an educated guessing but now, I know much better that outside of that educated guessing there is far more to it which is purchasing with the appropriate details. When one particular does is examination tracing historic data, or marketplace capitalization, quantity and other tendencies that could signal an action to be taken but without doing it intelligently in comprehension that these analysis could be synthetic as a end result of maniupuations then that's even worse than gambling.

[Kevondo]

That is what you would consider it I guess as even if someone thinks they are using technical indicators, they are still making their best educated guess upon their analysis.

It is because more people know about the bitcoin and all the people want to make the analysis about the bitcoin everyone has his own suggestion and the own predictions. The value of the bitcoin is not fixed and it is not common now. All the people know about bitcoin now and they are able to get the high profit from it so not only the guessing but the investment and the trading will also give you profit.

[jaysabi]

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

There's no way to guarantee money investing in anything. Everything carries some risk to it. A risk-free investment violates the laws of economics. So no one can be sure they will profit, but there are degrees of risk that make it reasonable to expect not to take losses in certain situations. Trading is a specific animal and there are strategies you can employ using technical analysis to mitigate risk. Everything in investing is about managing risk and looking for the highest return relative to the risk you take on. Trading is no different. "Educated guessing" is one way to look at it; it's not wrong. But it's much more sophisticated than just guessing.

[Therly]

No, I feel that in the trade there was a revenue you need to keep track of the information, and not depend on luck. Individuals who guess in trade can stay with out income as nicely as in gambling.

[viktors7]

not like that. You can gain if you learn the strategy of trading. You do not have to get info from your buddies. All it takes is you grasp the market direction in bitcoin trading. I often look at the industry in which I need to have to know the value will go down or up. I feel you must grasp it. Dependent on individuals or luck

[freedomstreaming]

Trading is not at all an educated guess. There are professionals and varying levels of amateurs to newbies. Most in the crypto space are at the amateur level and just gambling as we speak. Most people don't even open up a whitepaper or understand how blockchain technology works. Some people even just follow the hype of social media or youtubers telling them what crypto or ICO is hot or not.

Real successful traders understand not only the product, which in this case would be the crypto they are purchasing and the underlying blockchain tech, but also the market conditions, and technical analysis. Though you don't really need to day trade to be successful. I've seen several successful crypto investors who just HODL good coins.

[NathanJB]

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

Certainty is not included in crypto vocabulary. Profit is not assured. Even those that are almost perfect in their charting also stumbles and suffer losses along the way. And just when we are about to go panic selling, the direction suddenly goes up. Insider info may be a great help if we want our target price to be a little more accurate. The problem is that it is hard to gain access to these.

[fiulpro]

  I don't really think there is anything like guessing in trading...well because to trade.. you follow the news, market, price of bitcoins , recent events , and then only you make a deal.

Trading is dependent on luck but it itself is not something based soley on it... Because if you are working towards... Being up to date with news and selling only if the price reaches the top I don't think there is anything like guessing.

Because most people who makes profit from trading are the ones who don't guess but follow the market in a strict manner because if you do hold a good amount then guessing itself is like putting your possession to stake and that only lower stake holders generally do..

[Mustion]

I don't really think there is anything like guessing in trading...well because to trade.. you follow the news, market, price of bitcoins , recent events , and then only you make a deal.

Trading is dependent on luck but it itself is not something based soley on it... Because if you are working towards... Being up to date with news and selling only if the price reaches the top I don't think there is anything like guessing.

Because most people who makes profit from trading are the ones who don't guess but follow the market in a strict manner because if you do hold a good amount then guessing itself is like putting your possession to stake and that only lower stake holders generally do..

Of course you're talking about guessing man. All the informations you have do not guarantee that the price will going up or down. After all information you got, you will make a prediction to decide buy or sell right? And your call maybe correct or incorrect , noone can know about it, and it's called "guessing". If things are easy to figure out like you said. Everyone in the world would be rich easy peasy.

[Kakawate]

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

I don't think trading is the same as guessing, one thing is that, in guessing you dont have actual information or observation, you just picked something without any basis. On the other hand, in trading, you put your money on something knowing that it will bring you profit. In trading you kinda have a hint on what is gonna happen because you have information and knowledge about what you are holding.