Excessive confidence in cryptocurrency trading.

[Distinctin]

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?

This is not the place for the weaker mind set because Crypto currency investment is very risky due to the price is really unpredictable therefore FUD is just a normal thing here but still we need to counter them to ensure that the future losses will be neutralized by always having a full confident to your investments.

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.

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. 

[vixcious]

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?

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.

[TelolettOm]

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

[cofinder]

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.

[mrBTCman]

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.

[Bezobraznike]

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.

[bohr]

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?

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.

[Sanitough]

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.

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.

[sayaya17]

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.

[DeathProxy]

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

[MI6]

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.

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.

[7788bitcoin]

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

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.

[bohr]

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.

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.

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.

[Shasha80]

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.

[royalfestus]

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. 

[hahay]

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.

[Maslate]

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.

[Apened]

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?

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.

[gabmen]

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?

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.

[EdvinZ]

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?

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.