Can one have any expertise in Speculating?

[Pipdips]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

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[figmentofmyass]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

in my observation, natural born speculators have an intuitive sense about market psychology and sentiment. they are generally contrarians---they must be, since the crowd is usually wrong. i definitely improved as a trader when i learned to play against my own fearful/greedy tendencies, and against the prevailing market sentiment. (ie "buy when there is blood in the streets)

in that sense, you could certainly use other peoples' speculations to your advantage, by observing sentiment and playing the contrarian when bullish/bearish sentiment becomes extreme.

[harizen]

With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Do you mean speculating bitcoin prices in the future without the involvement of technical analysis? If that's the case it will be purely based on "instinct".

Well, they can do what they want. No matter how realistic or unrealistic those things that will come up as a product on their mind, still, it's up for the people if they will buy those speculations or predictions made by them.

About becoming better to others by using only "instincts" as a reference, well if they were able to hit some of their speculations, that's it. It doesn't mean they are far better from those who made good analyzations. If relying on their own instincts yielding them good results as they progress, then it's fine to depend on those on their future strategy.

I noticed that speculators often do a lot of speculating.

That's why they called "speculators".

[dunfida]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Theres no such thing about expertise yet everyone can speculate on their own.The difference here is basing if said speculations is backed by something like technicals&fundamentals compared to
speculations that are purely based on intuition or instinct.

As a reader/investor/trader you would see these speculations either realistic or unrealistic one basing on your experience throughout the market.

[Questat]

The biggest number of speculators are here https://bitcointalk.org/index.php?topic=178336.0

We can become expert defending on our skills and and the effort we put in crypto.
This market is volatile and very unpredictable but its not impossible to make right judgment as long as you accept that you are really into crypto no matter how big the challenges are.

You will make mistake, learn from it, just always learn and before you know it, you have already improve being a good speculator.

[gentlemand]

Speculating with little to no interest in everything that makes up the underlying thing you're speculating in sounds like a recipe for a bit of a balls up eventually. I'd rather build a deep seated and widespread basis to speculate from.

in my observation, natural born speculators have an intuitive sense about market psychology and sentiment. they are generally contrarians---they must be, since the crowd is usually wrong. i definitely improved as a trader when i learned to play against my own fearful/greedy tendencies, and against the prevailing market sentiment. (ie "buy when there is blood in the streets)

Very much this. You'd be vastly better off devoting your time to learning and mastering your own psychology. That counts for far more than most of the empty guff that happens here.

[samcrypto]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

There are some good speculators and feeling pro speculators, you can learn from them but don’t depend on that. Good speculation always come with a good reason and analysis, for me its a must to know on how to speculate and read charts, because by that strategy you can know when you will buy or when you will cut your losses. Keep on learning, and in the future you will have the best skills to help you earn profit.

[pooya87]

is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

no, i don't think you can gain any actual "expertise" by only reading all speculations. not to mention that you would be wasting your time since more than half (if not 90%) of the bitcoin price related speculation you see on the internet is pure nonsense written by newbies who either have no idea how the bitcoin market works or they have some agenda behind what they publish like wanting to fill their shorts or spreading FUD in general!
in my opinion the only way to gain any real experience when it comes to speculation is if you start analyzing the market yourself. and only spend a little time reading what other people say.

[samuraijin]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

You need to take a lot of time to learn like that, but usually people who do speculation from their experience as a trader, if there is speculation but he is not an active trader they are people who only make FUD, you can try it but I guess that won't benefit you

[Wexnident]

Well, could be. If they could actually determine how the speculator did his speculating, it is quite possible. But in the end, it would actually be quite difficult since a bit of speculation comes from the thinking process of the person himself. I'd rather let myself study from what I think should be studied instead tbh.

[Free1bitco.in]

IMO, a speculator sometimes speculates based on what they think. it's all not only from the news they read but also matches the logic that occurs from the achievement of previous prices. because of this, many people are speculating by comparing existing charts. even if they don't have a strong foundation, one can speculate based on their thoughts.

[vintages]

It is very possible. A lot of good cryptocurrency speculators are good at it because they have come to master it and be good in it. But they can give exact theory or price, instead they will be closer to it.
If you are asking if one can take a course on it and have it as a certificate, then I can say it's somewhat not necessary. Nobody cares about the certificate you have in it but how true you are to your speculation.

[Webberson]

Speculations are not just made based on assumptions; they are usually made after carrying out some analysis. Speculations are not always precise, and as such you have good speculations and bad ones.
One can actually have an expertise in speculating, if you do your analysis right most of the time.

[Clement Kaliyar]

Some brief thoughts on this subject:
I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Anyone can form a theory and the meaning of speculation is to form a theory without any evidence and hence everyone can be a speculator and everyone can start their own theory and if millions of people speculate about a certain event, then someone will have a correct prediction.
There is no expertise in speculating as far as i know.

[gabbie2010]

Some brief thoughts on this subject:
I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Anyone can form a theory and the meaning of speculation is to form a theory without any evidence and hence everyone can be a speculator and everyone can start their own theory and if millions of people speculate about a certain event, then someone will have a correct prediction.
There is no expertise in speculating as far as i know.

All the speculations are calculated guess formulated to theories some of the speculators would backed it up with some lagging indicators thus relate their speculations with TA while others are mere guessing without any proof, its very difficult to predict the price of cryptos without any sentiments.

[bitbunnny]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

in my observation, natural born speculators have an intuitive sense about market psychology and sentiment. they are generally contrarians---they must be, since the crowd is usually wrong. i definitely improved as a trader when i learned to play against my own fearful/greedy tendencies, and against the prevailing market sentiment. (ie "buy when there is blood in the streets)

in that sense, you could certainly use other peoples' speculations to your advantage, by observing sentiment and playing the contrarian when bullish/bearish sentiment becomes extreme.

Well, natural born speculators are very rare and they don't have any learned skills about speculation, it's kind of sixth sense. So, we can't speak of any kind of expertise and I don't think that speculation can be learned. Using other peoples' speculation might turn good but still you can't know how good speculator is.

[panganib999]

Well, I guess you could say everyone started from copying off from another. It's basically stealing knowledge and using it for yourself. It's not bad, but still, it is needed that you yourself have your own strategy, your own style, and your own way of development compared to other. Plus, it is kind of impossible for one to develop without even a simple starting point to go to, and if there's none, then you can't really call it speculation anymore, since the basics are already dead just in the beginning.

[buwaytress]

That's actually the entire premise of all these prediction-based AI/big data blockchain projects launching since 2017. Just believing that crowd wisdom eventually prevails in speculating, no TA to reverify findings, just picking the ones that have the highest accuracy. In fact, a new tool built by eToro if I recall just a month or two ago? It trawls through the entire Twitter space, just going through every possible speculation and then derives signals for people to trade on.

Crowd intelligence? I don't believe it works actually, or it does until it doesn't.

[1Referee]

Well, natural born speculators are very rare and they don't have any learned skills about speculation, it's kind of sixth sense. So, we can't speak of any kind of expertise and I don't think that speculation can be learned. Using other peoples' speculation might turn good but still you can't know how good speculator is.

All people are 'natural born' speculators.

I think you're reading it a bit too far. Anyone can speculate. All it takes is to buy x/y/z asset and think/hope it will go higher. There you are speculating on the price to increase. It requires no special ability or skill, it's something we apply in more facets of life.

Traders just go by the charts and calculate the probabilities of certain pattern formations to break either up or down. Some patterns tend to break 70% up and 30% down or vice versa. If you take 10 trades speculating on the price to break up you'll be more right than wrong. This doesn't require you to be a top trader, just know the market you are trading.

[exstasie]

That's actually the entire premise of all these prediction-based AI/big data blockchain projects launching since 2017. Just believing that crowd wisdom eventually prevails in speculating, no TA to reverify findings, just picking the ones that have the highest accuracy. In fact, a new tool built by eToro if I recall just a month or two ago? It trawls through the entire Twitter space, just going through every possible speculation and then derives signals for people to trade on.

Crowd intelligence? I don't believe it works actually, or it does until it doesn't.

I'm a big believer in sentiment analysis, but I'm really skeptical of these automated tools. The eToro project is basically just an analysis of 80 keywords, which alone sounds way too primitive to accurately capture market sentiment. The poor quality of the data makes interpreting it highly subjective too:

“We’re actually eliminating about 90% of tweets because we think they’re coming from bots or people trying to manipulate the market.”

The portfolio has performed poorly so far, down 25% since launch. No surprise there, especially given what they're investing in:

At launch, the portfolio included five different crypto assets: 47.24% stake in DASH; 23.92% EOS; 21.86% XRP; 5.01% MIOTA; and 1.97% ETC. It rebalances every month.

[bitvalak]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Speculation is just an attempt to make people believe what they say, and then can benefit themselves. 
Like speculators, traders will always make speculations so that they can get positions to sell or buy what they expect.  But speculators are usually people who have a lot of fans.

[Harlot]

There is no such thing as a "better" speculator as what you are still doing is speculating, you are just simply reading rumor after rumor without backing it up with anything which doesn't make your bet highly likely to happen. If you want a more sensible approach to speculating I think the best thing to do is to do your own analysis not only by doing a background research of the rumor but also reading about the charts through technical analysis and see if it is backing it up as well. Merely speculating won't lead you to anything.

[gantez]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Speculation sometimes is based on analysed indices which are deduced either from the past to make a future guess. Some people are gifted with that no doubt. So base on such gift, they could always or most times be right in giving out speculated outcomes.

[suzanne5223]

It is very possible. A lot of good cryptocurrency speculators are good at it because they have come to master it and be good in it. But they can give exact theory or price, instead they will be closer to it.
If you are asking if one can take a course on it and have it as a certificate, then I can say it's somewhat not necessary. Nobody cares about the certificate you have in it but how true you are to your speculation.

No, he's not talking about having a certificate in speculation but he want to be an expert in market speculation and he thought can make it happen through reading of the speculating topics on this forum which is wrong cause he actually can learn it through some YouTube video and research.

[posi]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Firstly, you need to understand that market speculation are not always right and if you totally have the passion to become a speculator there's chance that you could be better than others but i don't think that should be your goal cause may somehow affect your speculating knowledge. However, reading speculating topics will somehow improve your knowledge but not to the peak cause you still need to do some depth research in other to have unique understanding.

[buwaytress]

That's actually the entire premise of all these prediction-based AI/big data blockchain projects launching since 2017. Just believing that crowd wisdom eventually prevails in speculating, no TA to reverify findings, just picking the ones that have the highest accuracy. In fact, a new tool built by eToro if I recall just a month or two ago? It trawls through the entire Twitter space, just going through every possible speculation and then derives signals for people to trade on.

Crowd intelligence? I don't believe it works actually, or it does until it doesn't.

I'm a big believer in sentiment analysis, but I'm really skeptical of these automated tools. The eToro project is basically just an analysis of 80 keywords, which alone sounds way too primitive to accurately capture market sentiment.

Thanks for all that info! I actually also, if forced to choose, would probably choose sentiment over anything else, although I rather feel it is a lot more intangible than any system can currently attempt to quantify (for example, all those fear and greed indices). I think almost every boom we've seen at least in Bitcoin is explained less by TA than by sentiment.

BUT what you shared only proves what I suspected. It's hard to derive sentiment from spammers, gamblers and people with vested interest (shillers, devs, paid influencers, etc.). Filter all the motivated noise and there's not much to work on. And perhaps it shouldn't filter those out since they have equal impact on retails users no?

[danherbias07]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Whoa! I didn't know someone would ask something like this.

Well, you could be better in it because of reading too much of what people are trying to speculate.
You could jot down how many are doing just the same or how many are going against the flow.
In my case, I go against the flow. I see speculators that are in the same wave and I dont really want to ride it.
It is more risky though considering you don't have much at your side but somehow I think I did quite well.

[gabmen]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Lol. Probably an experienced speculator, yes. But expertise? I don't think so. Speculations don't really have any solid, objective basis. It's based on someone's hunch over the possibilities. If you've been speculating for a long time, you're guesses would probably be more reliable than others but of course, they'll only be by your own standards.

[ecnalubma]

is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

If someone is pro in speculating then probably he had accumulated bunch of experiences speculating. Though we have different impressions and ways on how we interpret the markets so any method we use is acceptable as long as its what you feel or foresee.

[Free1bitco.in]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

well, speculation is sometimes made based on data that already existed before, so it could be right, and it could be wrong. if there is someone who is really accurate in speculating, that person is most likely already to be a rich person. Well, maybe there are people like that, but I think they will only create a special group and not spread the information they have.
but, what I think is that no one has speculated very accurately in every speculation he made. there will definitely be mistakes he made in speculating.

[exstasie]

I'm a big believer in sentiment analysis, but I'm really skeptical of these automated tools. The eToro project is basically just an analysis of 80 keywords, which alone sounds way too primitive to accurately capture market sentiment.

Thanks for all that info! I actually also, if forced to choose, would probably choose sentiment over anything else, although I rather feel it is a lot more intangible than any system can currently attempt to quantify (for example, all those fear and greed indices). I think almost every boom we've seen at least in Bitcoin is explained less by TA than by sentiment.

BUT what you shared only proves what I suspected. It's hard to derive sentiment from spammers, gamblers and people with vested interest (shillers, devs, paid influencers, etc.). Filter all the motivated noise and there's not much to work on. And perhaps it shouldn't filter those out since they have equal impact on retails users no?

It's hard to know. Social media shills and manipulators seem totally laughable to me, but to a newbie? They probably have a non-zero impact.

At the same time, quantifying that sort of thing from a sentiment point of view is difficult. After all, an altcoin shill (or really anyone hyping up their bags) generally represents supply: they are trying to unload their bags on other investors. They act bullish but really they want to sell. Is that bullish, bearish, or neither?

I think it's all just way too complex to analyze with such simple logic. The problem with algorithmic approaches is they aren't good at distinguishing among truths, half-truths, outright deceptions, being clouded by biases, etc.

In my experience, there is no replacement for looking at how traders are positioning themselves. Commitment of trader data (shorts vs. longs) is one thing to consider. Another thing to consider is what analysts are predicting. When everyone is piled on one side of the market, it's usually informative. When sentiment and TA align on higher time frames, we get very powerful moves.

[karanggatak]

in my opinion a great speculator is a speculator who was born from a lot of experience that has passed. and I think a good speculator is a speculator who wants to examine market conditions and price movements before making a decision. if only relying on speculation without research then I think it will fail. because we do not know what the latest coin movements and market conditions are.

[wxa7115]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Speculating is just like any other skill, the more you do it the better you will get at it, but in order to get better at it you will need to keep records about why you made a particular prediction and how you came to those conclusions, then you will need to keep records on what the results were and what were your thoughts about it, if you keep doing this for long enough you are bound to get better at predicting the market.

But let's be direct how many people do you think actually do that? Most of those that throw speculations about the price do not do any kind of technical analysis, they are just giving their opinion and if that's all what you do then it is impossible for you to improve your ability to speculate.

[alexsandria]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Well, yes in that case. Sounds weird but it could possibly be. Why weird? Is that because, often everyone are speculating because they have some coins holding on and they want to greatly affect with others with their ideology. Though someone could speculate out of nothing in return. It may be fun with them? But not everyone could handle the same situation.

[bittraffic]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Maybe. They said it follows the golden rule in fibonacci which it outlines the possible support and resistance. Once you identify which are the possible resistance, its can always become a support as well after the break out. The support and resistance are always going to be where you speculations are and that's where they try to trade with the help of the indicators which can become very technical. If you become an expert to speculating then you will also be good at trading so why just speculating alone.

[1Referee]

But let's be direct how many people do you think actually do that? Most of those that throw speculations about the price do not do any kind of technical analysis, they are just giving their opinion and if that's all what you do then it is impossible for you to improve your ability to speculate.

It's an opinion based on gut feelings. We all have these feelings, but when you follow the actual technicals, you'll be right more often than you are wrong.

The problem with people's feelings is that they are mostly based on a bias to see the price go up because they hold a lot of Bitcoin or some other shitcoins. I'm pretty sure that even if these people do understand how technical analysis works, and thus acknowledge the bearish posture of the market, they will probably still be hoping for the price to go up any time soon.

It also doesn't help that there are youtubers constantly posting hype'ish bullish fundamentals content while the price keeps going down. Just be honest about the market and don't let people unnecessarily suffer. Those pumping and dumping the market don't care about fundamentals, they are here just for a quick buck.

[crossabdd]

yeah, that's very different. speculators don't make much time for analysis and so on. they only pay attention to profits. when the price of coins is higher than the purchase price. then he will sell it. why is it better? because it does not require a lot of time for analysis, which might make a loss. they trade only on the basis of belief. there is no more analysis, except only opinion in a short time.

[barabarian1]

if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him. but if we are not experts in speculation then we should always observe and look at technical data in earnest and then speculate. if our speculation is not in accordance with reality, then we must be patient to accept it. and make it as a lesson. so that in the future we can speculate correctly.

[BitHodler]

if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him.

It's called luck. One can be right like 10 times in a row and it's still luck, but in the long run, these people will lose most (if not all) of what they put in. There is no shortage of people 'trading' like that.

It kinda works the same with gambling. I have seen people brag about their profitable dice method, but it only works until it no longer does, and by the time you agree that it no longer works you have wiped out your balance.

[Dart18]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating.

What else would they do?

With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

You can call it experience or being in the frontlines for so many times.
That means they have the most seen story than others or they might have done it more.
Yeah, you could get better in it.
Somehow, you will find yourself getting the right speculation than others which are just new to the discussions.
Although, there is really no training about it. 

[bittraffic]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating.

What else would they do?

With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

You can call it experience or being in the frontlines for so many times.
That means they have the most seen story than others or they might have done it more.
Yeah, you could get better in it.
Somehow, you will find yourself getting the right speculation than others which are just new to the discussions.
Although, there is really no training about it. 

There are actually good tutorials for us to learn to speculate but they are given by users on youtube, though not very detailed they still are good enough for you to get something out of it. There were users gives signals claiming to be experts, that might not be a good option for you to listen to them when you trade for most of these users are just wanting people to buy while they sell. Somehow though they do have a good amount of followers on their channel. 

[stiffbud]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating.

What else would they do?

With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

You can call it experience or being in the frontlines for so many times.
That means they have the most seen story than others or they might have done it more.
Yeah, you could get better in it.
Somehow, you will find yourself getting the right speculation than others which are just new to the discussions.
Although, there is really no training about it. 

There are actually good tutorials for us to learn to speculate but they are given by users on youtube, though not very detailed they still are good enough for you to get something out of it. There were users gives signals claiming to be experts, that might not be a good option for you to listen to them when you trade for most of these users are just wanting people to buy while they sell. Somehow though they do have a good amount of followers on their channel. 

Most of the Youtubers are just in it for profits sake as they hoard one coin many days before announcing that the coin is going to boost in value after inflating its price and then the creator of the video sells his coins for profit while all of his followers are busy buying inflated coins from him.
But there are only a few people who I understand are not scammer and provide really good knowledge in their videos.

[OrangeII]

if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him.

It's called luck. One can be right like 10 times in a row and it's still luck, but in the long run, these people will lose most (if not all) of what they put in. There is no shortage of people 'trading' like that.

Well, accurate information will make the right speculation, and that too can be said as luck. however, in predicting prices, people can speculate without doing anything and can speculate when they get information, such as development, or other things.
in this case, no one can be really precise in making price predictions for a coin because it depends on how needed the coin.

[piebeyb]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

nothing is impossible in this world, friend, even if a card fortune teller can be a bitcoin speculation, so no matter about it, anyone who can do speculation usually sees from every history he has gone through, I do speculation following calculations and other history so I read what will happen later, it usually happens because a cycle like the economic crisis that usually occurs every 10 years can have serious impacts as well as bitcoin with a 4-year cycle, speculation need not be the best if your predictions are right save it because people will not see it as an achievement, lol 

[wxa7115]

if there are people who can speculate correctly and precisely without seeing technical data then maybe it is a gift that God has given him.

It's called luck. One can be right like 10 times in a row and it's still luck, but in the long run, these people will lose most (if not all) of what they put in. There is no shortage of people 'trading' like that.

It kinda works the same with gambling. I have seen people brag about their profitable dice method, but it only works until it no longer does, and by the time you agree that it no longer works you have wiped out your balance.

That is very common, people believe that they have a profitable system to trade the markets just because they have won a few trades with whatever method that they are using not understanding that most likely that was just luck, anyone that wants to really know if what he's doing is correct will have to test his strategy against several different markets for a very long time span.

That way your strategy is going to be exposed to all kind of market conditions, unfortunately this is very time consuming and it is quite boring so no one wants to do it and it is one of the reasons why we see so many losing traders.

[onyek16M]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...

[Wysi]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...

No this is not a justifiable explanation and it's so generic because everyone knows that the value of bitcoin and other crypto depends on demand and supply, anyone can use past results to predict but crypto market is highly volatile and does not follow the trend if that was the case then we would have had almost two more bull run by now. I think we just need to act as per the market situation and make trades based on present conditions without following any predictions.

[Xxmodded]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...

I have been on this forum more than three years with many people prediction with bitcoin in 2019 above $16, but what happen with their prediction where all wrong and not true, how come for next bitcoin price you ca trust with bullshit prediction, never trusted with bitcoin chart have been candle to buy and higher price next year because depend with how investor playing bitcoin on higher or lower price.

[onyek16M]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...

No this is not a justifiable explanation and it's so generic because everyone knows that the value of bitcoin and other crypto depends on demand and supply, anyone can use past results to predict but crypto market is highly volatile and does not follow the trend if that was the case then we would have had almost two more bull run by now. I think we just need to act as per the market situation and make trades based on present conditions without following any predictions.

what trend do you mean? i think bitcoin follow the trend, you can see the bitcoin halving in the 2017 all altcoins follow to increase high price its mean trend up... I suppose you are right about make trades based on present condition because following a prediction has high risk and its not really will happen

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

bitcoin price who can not predict   make people do  speculation but it fine because people   make speculation   based on analysis by chart, demand and supply,  seen the history, check and follow the  event will come, etc... so no problem when you want to follow the their speculation but remember any risk of every speculation...

I have been on this forum more than three years with many people prediction with bitcoin in 2019 above $16, but what happen with their prediction where all wrong and not true, how come for next bitcoin price you ca trust with bullshit prediction, never trusted with bitcoin chart have been candle to buy and higher price next year because depend with how investor playing bitcoin on higher or lower price.

remember that prediction is just an opinion by someone, anyone can makes speculation can make prediction and has a two possibility that will really happen or will not really happen , i think nothing wrong without people's prediction but when you follow that dont forget any risk in there.

[pixie85]

The answer to OP's question is very simple. People who are good at speculating become investment bankers and stock brokers. This is a real job done by thousands of people every day.

Yes you can learn it, you can become good at it. There are hundreds of books on the matter. There are even some world famous experts in the field like George Soros.

[kro55]

I say there is no one who can accurately predict what will be bitcoin price next week. How can we believe that these price predictions of years to come will be correct? Bitcoin is not like government security bonds that will give a constant return, its full of volatility and can take any price. Stop such predictions.

[shoreno]

I say there is no one who can accurately predict what will be bitcoin price next week. How can we believe that these price predictions of years to come will be correct? Bitcoin is not like government security bonds that will give a constant return, its full of volatility and can take any price. Stop such predictions.

stop such prediction  ? no that is not going to happen  . we need to keep on predicting because this can give us a guide ( small guides ) to trade effectively ( atleast ? )   .  prediction is also beneficial on this kind of market because it gives a hype or a noise inside and outside this forum   . if bonds give constant return then why not all people trade on it  ? all of them should be rich now but i think not because they are still continue doing that and other are still still finding a way to earn more   .

[sovie]

There are many people who are confident that they are the best speculators. Just spend some time here on this forum and you will find lots of speculations and almost al went incorrect. Predictions may go true to some extent in other markets but not in the crypto. This market is too new for all this.

[matchi2011]

There are many people who are confident that they are the best speculators. Just spend some time here on this forum and you will find lots of speculations and almost al went incorrect. Predictions may go true to some extent in other markets but not in the crypto. This market is too new for all this.

Indeed, a lots of wrong predictions inside here and if you will not be careful enough you will lose your investment from following those so called expert.
You need to work hard and forget about following such kinds of opinions, do your investigations and assess according to how you understand the situations,.

[Xxmodded]

There are many people who are confident that they are the best speculators. Just spend some time here on this forum and you will find lots of speculations and almost al went incorrect. Predictions may go true to some extent in other markets but not in the crypto. This market is too new for all this.

Indeed, a lots of wrong predictions inside here and if you will not be careful enough you will lose your investment from following those so called expert.
You need to work hard and forget about following such kinds of opinions, do your investigations and assess according to how you understand the situations,.

Almost prediction is wrong with bitcoin and altcoin price, when have popular prediction talk bitcoin have price above $16k last October but in reality bitcoin not reached above $16k and keep with lower price, now I am not trusted with any one else with bitcoin price at the future and keep during with how situation of bitcoin.

[jhonjhon]

is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

no, i don't think you can gain any actual "expertise" by only reading all speculations. not to mention that you would be wasting your time since more than half (if not 90%) of the bitcoin price related speculation you see on the internet is pure nonsense written by newbies who either have no idea how the bitcoin market works or they have some agenda behind what they publish like wanting to fill their shorts or spreading FUD in general!
in my opinion the only way to gain any real experience when it comes to speculation is if you start analyzing the market yourself. and only spend a little time reading what other people say.

It may not make you an expert by only reading speculations but I believe you can learn something from the speculations you read that would be helpful if you want to become a speculator just choose the best you think there is though. To become a good speculator it is very important you know all details even the tiniest ones to make sure you speculate if not accurate then near to what will happen.

[Hippocrypto]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Speculating is not a talent, we can't rely on it because that was only based on our series of opinions. You're not analysing with your own and you only got those ideas from other people, which has been compiled to be used to share to someone who needs it. We need not to be an expert of this as long as you have the will and determinations to come up with a certain mindset, then you're good enough to speculate.

[Lanatsa]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

Speculating is not a talent, we can't rely on it because that was only based on our series of opinions. You're not analysing with your own and you only got those ideas from other people, which has been compiled to be used to share to someone who needs it. We need not to be an expert of this as long as you have the will and determinations to come up with a certain mindset, then you're good enough to speculate.

Speculation would based neither on your own analysis or a combination of your own+ others  ideas and opinions.It will depend on you on which one you would tend to follow as long you can make profits with it then your choice and this is where risk do comes in. Expertise isnt really the right word for this one yet this isnt a skill which can be obtained yet we are dealing with speculative things since price is volatile and
lots of factors that do affects it but somehow due to experience, we can somewhat presume things either basing on pattern or signs that we've known before.

[Wexlike]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

It's a big pile of entropy. One guy in a million will have the chance to guess 20 times the correct answer in a random 2 roll. And then he is rich, a genius and an incredible speculator. But no one would ever admit to just be lucky.

[wxa7115]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

It's a big pile of entropy. One guy in a million will have the chance to guess 20 times the correct answer in a random 2 roll. And then he is rich, a genius and an incredible speculator. But no one would ever admit to just be lucky.

There is a very famous phrase that says "even a broken clock is right twice a day" we have millions of people in this market and each one of them has an opinion about what the price of bitcoin is going to do during the next day, week, month or year so during each year we are bound to get millions of predictions about what the market is going to do and the probabilities dictate that at least some of them will have to be right.

So it is entirely possible that a trader that gets many of his predictions right is not doing this out of skill he's just been lucky.

[carlfebz2]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

It's a big pile of entropy. One guy in a million will have the chance to guess 20 times the correct answer in a random 2 roll. And then he is rich, a genius and an incredible speculator. But no one would ever admit to just be lucky.

There is a very famous phrase that says "even a broken clock is right twice a day" we have millions of people in this market and each one of them has an opinion about what the price of bitcoin is going to do during the next day, week, month or year so during each year we are bound to get millions of predictions about what the market is going to do and the probabilities dictate that at least some of them will have to be right.

So it is entirely possible that a trader that gets many of his predictions right is not doing this out of skill he's just been lucky.

Outcomes would only out on two possible results either going through it or would go to the opposite way.Its non surprising to have lots of speculations yet
we've been dealing with a very speculative market.So even an average trader or joe can create his own insights on what are his guesses when it comes to potential
price on a particular point. Expertise isnt really considered on here yet we've been just guessing.The difference here is that some experience people do have more reasonable
speculations compared to those who are'nt.

[LUCKMCFLY]

There are many types of speculators, some use the Technical Analysis a lot, others the Fundamental, there are others that combine both, market speculation works only when it looks like a business, not to get rich, the speculator goes in the sense of the market No matter if it goes up or down, you don't feel any emotion or affection for the currency, in this case Bitcoin is the main one.

The difference between speculation and investment is that the investor only buys and waits until the price rises and profits, the market speculator follows every detail of the market, sometimes it is exciting, others just live for it ...

[Arkann]

There are many types of speculators, some use the Technical Analysis a lot, others the Fundamental, there are others that combine both, market speculation works only when it looks like a business, not to get rich, the speculator goes in the sense of the market No matter if it goes up or down, you don't feel any emotion or affection for the currency, in this case Bitcoin is the main one.

The difference between speculation and investment is that the investor only buys and waits until the price rises and profits, the market speculator follows every detail of the market, sometimes it is exciting, others just live for it ...

Of course you are speaking correctly, but I would like to divide all speculators into two categories.  The first category is those speculators who practically live near the computer monitor and study the entire cryptocurrency market and at the same time use all the opportunities that the market provides for their manipulations.  And the second category of manipulators is those people, and maybe even groups that artificially create certain conditions for manipulation in the cryptocurrency market.  I believe that the second group is much more serious and dangerous for the cryptocurrency market and for all cryptocurrency users.

[Lanatsa]

There are many types of speculators, some use the Technical Analysis a lot, others the Fundamental, there are others that combine both, market speculation works only when it looks like a business, not to get rich, the speculator goes in the sense of the market No matter if it goes up or down, you don't feel any emotion or affection for the currency, in this case Bitcoin is the main one.

The difference between speculation and investment is that the investor only buys and waits until the price rises and profits, the market speculator follows every detail of the market, sometimes it is exciting, others just live for it ...

Of course you are speaking correctly, but I would like to divide all speculators into two categories.  The first category is those speculators who practically live near the computer monitor and study the entire cryptocurrency market and at the same time use all the opportunities that the market provides for their manipulations.  And the second category of manipulators is those people, and maybe even groups that artificially create certain conditions for manipulation in the cryptocurrency market.  I believe that the second group is much more serious and dangerous for the cryptocurrency market and for all cryptocurrency users.

For those people who do make up some fud then it will really put up that hard to the entire market but well these things would really exist on any market.
So its none surprising to meet up these kind of people and also manipulation is always there.The thing here is that we do know on how to react on which speculations
are good to be used as preference or the speculations which do simply implies false info or try to manipulate out.

[Distinctin]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

[marcous]

experience is required and it is not for a moment, considering the speculators are certainly the ones who have long been in the crypto world. there must be a reason why the speculator can analyze where the price will go . at least we should be able to choose and study also from clear sources I guess. their experience studying charts etc. is certainly not easy either.

[wxa7115]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

And you are not going to find information like that anywhere, there are very few people that can predict what the market is going to do with any degree of accuracy and they aren't going to reveal their secrets since that is information that is extremely valuable, what you need to do if you want to improve is to keep records of each one of your predictions and then keep track of the results.

And when you get a prediction wrong you need to find out what was the reason, if you keep doing this for a long time you are bond to improve but obviously you will never get 100% of your predictions right.

[Capt00]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

And you are not going to find information like that anywhere, there are very few people that can predict what the market is going to do with any degree of accuracy and they aren't going to reveal their secrets since that is information that is extremely valuable, what you need to do if you want to improve is to keep records of each one of your predictions and then keep track of the results.

And when you get a prediction wrong you need to find out what was the reason, if you keep doing this for a long time you are bond to improve but obviously you will never get 100% of your predictions right.

Precisely, it takes time to have good market speculation and also patient. For me, I'm not looking for 100% accuracy (cause I believe it is impossible), only I need is to be near to it and find out what is the factors/reason affecting its trends in previous years. Because until now, I'm not really good this and I'm not supposed to pretend that I've learned a lot. But for the reason of its volatility, ain't no wonder why it becomes like this.

[Republikcoin.com]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

all speculations are not 100% accurate, so sometimes people only speculate based on their logic, without even reading any information.
some people involve relating to information, charts, and others related to a coin.  even I also have my own speculations.  because of that, after knowing someone's speculation, do your own research, whether it really suits what you think or not.

[cutesgirl]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

all speculations are not 100% accurate, so sometimes people only speculate based on their logic, without even reading any information.
some people involve relating to information, charts, and others related to a coin.  even I also have my own speculations.  because of that, after knowing someone's speculation, do your own research, whether it really suits what you think or not.

Although with expert in bitcoin and altcoin but they can prediction accurately with 100% because many wrong prediction before with bitcoin and altcoin price, if have many mistake why have trust and believe with their prediction, what stronger reason have believe with their prediction about bitcoin and altcoin price, now I just heard my self with bitcoin and altcoin price.

[Wexlike]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

all speculations are not 100% accurate, so sometimes people only speculate based on their logic, without even reading any information.
some people involve relating to information, charts, and others related to a coin.  even I also have my own speculations.  because of that, after knowing someone's speculation, do your own research, whether it really suits what you think or not.

Daytrading can be a pain in the ass but the long-term fundamental swings are rather easy to predict, especially with some fundamental analysis in the back of your head. Almost no one is a true trading expert when it comes to Bitcoin, but the time in the market helps a lot when trying to eliminate emotions from your asset.

[Distinctin]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

all speculations are not 100% accurate, so sometimes people only speculate based on their logic, without even reading any information.
some people involve relating to information, charts, and others related to a coin.  even I also have my own speculations.  because of that, after knowing someone's speculation, do your own research, whether it really suits what you think or not.

Daytrading can be a pain in the ass but the long-term fundamental swings are rather easy to predict, especially with some fundamental analysis in the back of your head. Almost no one is a true trading expert when it comes to Bitcoin, but the time in the market helps a lot when trying to eliminate emotions from your asset.

That is the real scenario.  Crypto remains to be unpredictable cause if someone could see the future of Bitcoin have we think that he could show up here. Maybe not and of course, he could probably stay to anonymous and never tell others for he would surely taking advantage of it.
May we find a lot of ways to have a good market prediction but all of them are far from the real happening.

[vintages]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

[romero121]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Valuating bitcoin is truly a tough thing, apart from this what makes it to react to the speculations were the positive and negative things that happen around the globe relative to the bitcoin market. When there is something positive, this will be much discussed and the same creates a positive opinion over bitcoin among the people who haven't used it much. The same happens in the opposite manner when negative news rolls out relative to cryptocurrency.

[Omnipotent1]

I sort of wonder about this because of that Jeopardy guy James Holzhauer and his incredible ability of consuming an unlimited amount of information and his recall ability. Add to that superior knowledge and common sense and a person like that would be great in speculating. 2nd to known.

[wxa7115]

Precisely, it takes time to have good market speculation and also patient. For me, I'm not looking for 100% accuracy (cause I believe it is impossible), only I need is to be near to it and find out what is the factors/reason affecting its trends in previous years. Because until now, I'm not really good this and I'm not supposed to pretend that I've learned a lot. But for the reason of its volatility, ain't no wonder why it becomes like this.

I think many newbies have the mistaken idea that somehow you can perfectly predict what the market is going to do and when but we know that is not possible and then they get disappointed by that answer because they believe that is the only way to make money in the markets.

And while there are trading systems out there that have a very high accuracy and are profitable there are also many other trading systems that only require from you a very low accuracy rate but that depend on making your correct predictions as profitable as possible while limiting the losses when you're wrong.

[Barbut]

I sort of wonder about this because of that Jeopardy guy James Holzhauer and his incredible ability of consuming an unlimited amount of information and his recall ability. Add to that superior knowledge and common sense and a person like that would be great in speculating. 2nd to known.

Who is good in speculating have a nice winning rate, simple as that. How do they do it? They have a great analytic skill, they have the ability to process the info they collect everywhere around. Not everyone can do it, but many will try to have a winning rate in trading.
Can one have expertise in speculating, yes! If he is deep inside what he speculating about! If he knows how things work and where to look for info, if he have friends everywhere around who tip him with some info all the time.

[3la9l_kolbaCa]

I sort of wonder about this because of that Jeopardy guy James Holzhauer and his incredible ability of consuming an unlimited amount of information and his recall ability. Add to that superior knowledge and common sense and a person like that would be great in speculating. 2nd to known.

Who is good in speculating have a nice winning rate, simple as that. How do they do it? They have a great analytic skill, they have the ability to process the info they collect everywhere around. Not everyone can do it, but many will try to have a winning rate in trading.
Can one have expertise in speculating, yes! If he is deep inside what he speculating about! If he knows how things work and where to look for info, if he have friends everywhere around who tip him with some info all the time.

We can speculate on things about the price, but having the expertise I don't think so that's a good idea. There's no definite and reliable speculations because it's not about a certain conclusion. It's based on how the idea came to our mind, so we're able to make a possible statement which has been shared to everyone. Bare in mind, that you're just having speculations as a guide and not a formula for entire decision making.

[moviebuff777]

Market psychology that is used in the stock market can apparently be applied to other markets as well, including cryptocurrency markets. I can see similarities especially when comparing a market cycle of the stock market to Bitcoin.

Therefore, someone that understands tools used to predict consumer trading patterns in the stock market could apply those same tools to cryptocurrency markets.

[OrangeII]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

[davinchi]

If you have enough money to speculate then you can surely have an expertise in it but for people who are poor it is really not that easy because you are at the hands of other rich people who can actually speculate the price with their actual money and be right because they are the ones changing the price, all you do is "assume" when you are poor and not speculate.

There are literally digital agencies in the world where they are secretly speculating prices of stuff, not just crypto (maybe not crypto at all) but forex and stock related stuff, they are hired by wall street people and secretly open thousands of accounts in hundreds of websites and all start to talk about the same point and try to make a collective mindset for the wall street people which is the real expertise. All we do here is "btc will be 20k!! wohoo" and that's it, no real speculation is that simple.

[Hamphser]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

[Mahanton]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

Speculating doesnt really have that kind of expert thing.We do see professionals or to those popular analyst but doesnt mean about precise predictions.
We can even make our own without relying others guess too.We are all the same on here but what differs is that on how a particular person using up
some tools which they do base out their speculation and this is where expertise counts but overall precision on the outcome?Theres no such thing about being pro.

[Hypnosis00]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

Speculating doesnt really have that kind of expert thing.We do see professionals or to those popular analyst but doesnt mean about precise predictions.
We can even make our own without relying others guess too.We are all the same on here but what differs is that on how a particular person using up
some tools which they do base out their speculation and this is where expertise counts but overall precision on the outcome?Theres no such thing about being pro.

Then, we all just keep assuming. I hope it won't, if we give some market speculation we also need to have some basis for it and it may looks that it possible to happen. It is to know that no one could hit the real thing that will happen in the next days, that is why we are taking precautions before investing.

[Twinkledoe]

But I couldn't find out how to become an expert in speculating the price nor to see how to measure it. It seems to be that we all can be an expert on our own, believing ourselves might have to make it. But can't simply escape into some scenario that too much confidence will also put some bad ends into our life and it is to believe that we have to gather ideas and information to be found it reliable.

Speculating may seems like every man's business because what most people are doing is simply guessing. Few out of the many who speculate do so with solid knowledge and backed up history and evidences.
However, no matter how dedicate speculators are, giving a specific price to Bitcoin is still difficult.

Well, people are free to speculate for now, even if without accurate information, we can speculate and prices can approach that. even if it is speculation with data or charts, the most difficult thing to reach is the time it happened. so, because of this, many people speculate without reading anything, or just by looking at a chart.

It's true that we can speculate on our own but it doesn't mean that it is accurate because no one would be so accurate when making a speculation even with the pro analyst. They may get closer to the price that they speculated but it's still not accurate. We can speculate because this is an open market.

Speculating doesnt really have that kind of expert thing.We do see professionals or to those popular analyst but doesnt mean about precise predictions.
We can even make our own without relying others guess too.We are all the same on here but what differs is that on how a particular person using up
some tools which they do base out their speculation and this is where expertise counts but overall precision on the outcome?Theres no such thing about being pro.

Then, we all just keep assuming. I hope it won't, if we give some market speculation we also need to have some basis for it and it may looks that it possible to happen. It is to know that no one could hit the real thing that will happen in the next days, that is why we are taking precautions before investing.

That's why it is called speculation. No accuracy involved. So even if you are so-called expert in trading, you can't still predict the accurate price of btc or any other alts at a specific period of time. There are so many factors in play that you can't grasp all of it. Everyone can claim to have expertise in speculation, but the question is, how precise it is from the reality?

[yulionoo]

I don't think anyone is really good at speculating about bitcoin prices because bitcoin prices are very volatile. maybe people who are called experts or whose speculations are right they are just lucky. without using technical analysis and looking at bitcoin price movements it is very difficult to predict. maybe people called speculators are whales who can manipulate bitcoin prices.

[trickshot22]

Speculation would not be based on your own research or a mix of your own and other ideas and opinions. It depends on which one you tend to follow as long as you can make money with it, then your decision, and that's where risk comes in. Expertise isn't really the right word for this one yet it's not an ability that can be learned yet we're dealing with speculative stuff because price is unpredictable and plenty of factors that affect it but we can still assume things based on patterns or signals we've seen before.

[Soots]

Speculation would not be based on your own research or a mix of your own and other ideas and opinions. It depends on which one you tend to follow as long as you can make money with it, then your decision, and that's where risk comes in. Expertise isn't really the right word for this one yet it's not an ability that can be learned yet we're dealing with speculative stuff because price is unpredictable and plenty of factors that affect it but we can still assume things based on patterns or signals we've seen before.

Even though how skilled we are on analyzing the matters against speculations, that doesn't mean we're expert on different things. It should be initiated very deeply, because we might fall on wrong ideas. We must be more clever on different generative actions, and avoid being overconfident while you're just giving your personal thoughts as well.

[buwaytress]

Speculation would not be based on your own research or a mix of your own and other ideas and opinions. It depends on which one you tend to follow as long as you can make money with it, then your decision, and that's where risk comes in. Expertise isn't really the right word for this one yet it's not an ability that can be learned yet we're dealing with speculative stuff because price is unpredictable and plenty of factors that affect it but we can still assume things based on patterns or signals we've seen before.

Think you got it completely upside down, my friend. Ability you're born with, expertise you learn with time and experience. Suggesting that people intrinsically have talent and ability to speculate (and speculate accurately I mean) is perhaps only as realistic as hoping you also have the gift of clairvoyance or some kind of rainman gene to see deep patterns before they unfold.

Some things you can predict, but you can't predict consistently and accurately the price of Bitcoin at the exact time. And like all market action, you're right until you stop being right.

[wxa7115]

I sort of wonder about this because of that Jeopardy guy James Holzhauer and his incredible ability of consuming an unlimited amount of information and his recall ability. Add to that superior knowledge and common sense and a person like that would be great in speculating. 2nd to known.

Who is good in speculating have a nice winning rate, simple as that. How do they do it? They have a great analytic skill, they have the ability to process the info they collect everywhere around. Not everyone can do it, but many will try to have a winning rate in trading.
Can one have expertise in speculating, yes! If he is deep inside what he speculating about! If he knows how things work and where to look for info, if he have friends everywhere around who tip him with some info all the time.

If what you want is to increase the accuracy rate of your predictions then you need to reduce their time frame, most of us are interested in the long term trajectory of bitcoin and we decide to make predictions about where the price is going to be during the next months or even years and with the huge amount of factors that are outside of our comprehension then it is easy to see how we are bound to make many mistakes if we choose such a long time frame.

So an effective way to improve your ability to predict the market is to concentrate yourself in smaller time frames and if you add good money management skills you could easily become a profitable day trader.

[hulla]

I'm suggesting that there's no one who can forecast exactly what the bitcoin price will be next week. How can we believe that these years to come price predictions are going to be right? Bitcoin is not like government security bonds that will yield a steady return, full of uncertainty, and can bear any price. Stop predictions like that. If you're trying to predict price rather than long-term trend, you're going to get ruined in the long run.

You make a good point but checking at the author of this thread messages hes actually want to be a good speculator and asking for advise if reading through the speculation cone by people will help him but i believe watching some genuine expertise youtube video is enough. However, spening much time on speculation or trading seems not to be good to me because the result are not always correct and it better to be a holder most time.

[STT]

I dont especially agree on the point about contrarian sentiment because trading is about capturing momentum.  Its a break of a trend often but only in reference to a larger or longer term price pattern repeating.
   Anyone can speculate just like anyone can bet, you have to be ready to pay the price often in order to get the gains.   Part of the process is gaining experience and identifying common times a price can move in one direction especially, obviously the release of news is one of those times but often the graph will show price accumulating before that energy is obvious in moving the price one way or other.  The tricky point is that a very bearish pattern can flip and move upwards, especially in BTC alot of people try to enter at a price they think will gain.

[vintages]

I'm suggesting that there's no one who can forecast exactly what the bitcoin price will be next week. How can we believe that these years to come price predictions are going to be right? Bitcoin is not like government security bonds that will yield a steady return, full of uncertainty, and can bear any price. Stop predictions like that. If you're trying to predict price rather than long-term trend, you're going to get ruined in the long run.

I tend to call it 'guessing' cause that's what most people do. People guess what they 'hope' the price will be and get disappointed when it didn't work out.
We should look at the long term instead of short term, I notice that long term price prediction is almost closer than short term price prediction.

[Zemomtum]

Your question is unclear though but you can become expert in anything you are doing consistently. This is indeed a hard work that you need to know what those who get it right often do use by following their blog, video or other social channels. They usually share their experiences.

[atjiat]

I'm suggesting that there's no one who can forecast exactly what the bitcoin price will be next week. How can we believe that these years to come price predictions are going to be right? Bitcoin is not like government security bonds that will yield a steady return, full of uncertainty, and can bear any price. Stop predictions like that. If you're trying to predict price rather than long-term trend, you're going to get ruined in the long run.

I tend to call it 'guessing' cause that's what most people do. People guess what they 'hope' the price will be and get disappointed when it didn't work out.
We should look at the long term instead of short term, I notice that long term price prediction is almost closer than short term price prediction.

In any case, each cryptocurrency user acts at his discretion or under the influence of any forecasts or news.  One way or another, each trader is engaged in speculation in one way or another, having minimal results.  But in my opinion, only cryptocurrency users who work together with certain groups or communities, creating certain situations in the cryptocurrency market regarding certain coins can be a truly successful speculator.

[Arkann]

I'm suggesting that there's no one who can forecast exactly what the bitcoin price will be next week. How can we believe that these years to come price predictions are going to be right? Bitcoin is not like government security bonds that will yield a steady return, full of uncertainty, and can bear any price. Stop predictions like that. If you're trying to predict price rather than long-term trend, you're going to get ruined in the long run.

I tend to call it 'guessing' cause that's what most people do. People guess what they 'hope' the price will be and get disappointed when it didn't work out.
We should look at the long term instead of short term, I notice that long term price prediction is almost closer than short term price prediction.

In any case, each cryptocurrency user acts at his discretion or under the influence of any forecasts or news.  One way or another, each trader is engaged in speculation in one way or another, having minimal results.  But in my opinion, only cryptocurrency users who work together with certain groups or communities, creating certain situations in the cryptocurrency market regarding certain coins can be a truly successful speculator.

We are constantly outraged when it comes only to fraud on the cryptocurrency market and about the not very good influence of speculators on certain projects that may have prospects in the future or that do not show good results at all, but at the same time, such coins are supported by speculators at a high level, only  in order to get real profit.  Based on this, it is possible to accurately answer the question posed by the author of the topic that every speculator who has good results in his activity receives a certain experience, which he applies in his activity now and will apply it in the future.  But for you to understand me, speculation is not a negative phenomenon in the cryptocurrency market, because only certain groups of people use this type of activity with a negative for the entire cryptocurrency market.

[wxa7115]

Your question is unclear though but you can become expert in anything you are doing consistently. This is indeed a hard work that you need to know what those who get it right often do use by following their blog, video or other social channels. They usually share their experiences.

This is not completely true, how many people do you know that have been doing the same job for decades and they have not improved at all for a very long time and they ask you the same questions over and over again, if you want to become a better speculator then you need to study technical analysis and make a set of predictions about the markets and keep records of those predictions and see what it is that happened that made your predictions wrong.

If you do this for long enough your ability to predict the markets will definitely improve but almost no one takes the time to do anything remotely close to that.

[vicoma]

It is hard to predict the future accurately but you can be an expert if you read a lot of books, follow and watch expert videos on the subject matter. Nevertheless, there is no way to be 100 percent accurate always as there are a lot of factors that will determine the outcome.

[Cacingkemi]

maybe for some of us to be able to speculate with certainty about future market price movements, and some of them are accurate because of speculations made from strong instincts that can carefully read market charts. but most of the speculations made by everyone about market price movements are, of course, many unexpected. because basically market price movements cannot be ascertained and determined by anyone.

[STT]

Speculative ability is a talent I think, its very easy to speculate and end up with a loss.   Some consider it gambling but its judging changing factors correctly with some basis on experience.    In addition despite the use of leverage we are taking about the deployment of capital and money management to good effect.
  Its not what I consider an easy win, a simple bet is far less hassle and less involved however speculating means the odds are self determined and that is the skill to judge correctly.

[wxa7115]

It's very simple to answer the issue. Investment bankers and stock brokers are people who are good at speculating. This is a real job done every day by thousands of people. Yeah, you can understand it, you can do it well. Hundreds of books are on the subject. There are even some world-renowned experts in the field and you can be one if you have sufficient experience.

One of the many misconceptions people have about the markets is that to be good at speculating you need to predict the market correctly all the time and that is not possible, an average person will predict correctly the direction the market will take 50% of the time.

A good speculator could predict what the market is going to do 60% of the time, it may not seem that much better but that is a huge edge against the average person and the best speculators could predict the market 70% of the time and they are the superstars as they can make money very quickly in any market.

[cutesgirl]

I'm suggesting that there's no one who can forecast exactly what the bitcoin price will be next week. How can we believe that these years to come price predictions are going to be right? Bitcoin is not like government security bonds that will yield a steady return, full of uncertainty, and can bear any price. Stop predictions like that. If you're trying to predict price rather than long-term trend, you're going to get ruined in the long run

No one have good prediction about how bitcoin price on the next week, although how many year have been in bitcoin and altcoin world always ever make with wrong prediction with bitcoin and altcoin price, although many bad news when Iran and United State still war make prediction about bitcoin will be difficult to prediction.

[wxa7115]

I'm suggesting that there's no one who can forecast exactly what the bitcoin price will be next week. How can we believe that these years to come price predictions are going to be right? Bitcoin is not like government security bonds that will yield a steady return, full of uncertainty, and can bear any price. Stop predictions like that. If you're trying to predict price rather than long-term trend, you're going to get ruined in the long run

But no one is asking for that kind of precision, we know that is impossible, in order to be good at speculating what the market is going to do you just need to be right most of the time, if you can predict 6 out of 10 times what the market is going to do then you're going to make money in the markets.

But if you are better than that most likely you are going to make a lot of money and you could probably dedicate yourself exclusively to the markets and become a financial manager because those kind of skills are very rare and people pay very good money to have someone that can predict what the market is going to do most of the time.

[milewilda]

There's no better speculator as you're still speculating, you're just reading rumour after rumour without backing it up with anything that doesn't make your bet very likely to happen. If you want a more proactive approach to rumours, I think the best thing to do is to do your own analysis not only by doing the rumour's background research, but also by reading the charts from technical analysis and see if it really supports it. Speculation is not going to lead you to anything.

Theres no such thing about being expert with speculating  yet we do all presume things basing on what we do read and hear through the net.We know that even speculations with having good analysis doesnt still give out precise results or not 100% accurate.. What differs here is on how people do people make their guess.

[Lecam]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

I think some have expert in speculation they good and feel what the next move. That is why they are expert and they know and feel what is happening in the next month or years. But many also are they are speculating only try to convince others that they are good but not. So speculation is an expert to do for someone else that is a gift for them i think they are lucky.

[buyinbtc]

Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

[Questat]

Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

We can all speculate but people with talent has a good speculation and they will end up profitable with it.
Like right now, as the market is moving uptrend, people are sure starting to determine the reason and they will speculate on what's next so they can have a good entry point.

[hahay]

Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

We can all speculate but people with talent has a good speculation and they will end up profitable with it.
Like right now, as the market is moving uptrend, people are sure starting to determine the reason and they will speculate on what's next so they can have a good entry point.

High flying hours or experience is the reason they have better talent, I only acknowledge their existence and success and not make it a problem when our speculation is difficult to make a profit. I totally agree with you, they will not lose money even if they enter when prices start to increase, because to become an expert can not only rely on one source.

[Taskford]

Speculation is not a talent, we can not rely on it because it was based solely on our set of views. You don't discuss with your own and you've only got those ideas from other people that have been gathered to share them with someone who wants them. We don't need to be an authority on this as long as you're willing and determined to come up with a certain attitude, so you're strong enough to guess.

We can all speculate but people with talent has a good speculation and they will end up profitable with it.
Like right now, as the market is moving uptrend, people are sure starting to determine the reason and they will speculate on what's next so they can have a good entry point.

They reach up on that level since they are so passionate to learn things in tradings and they have many sources to get those ideas at I'm so impressed on their mindset on how to come up with things even though the market is not on bad shape.

[TitanGEL]

There are many types of speculators, some use the Technical Analysis a lot, some the Fundamental, there are others that mix both, market speculation just works when it seems like a company, not getting rich, the speculator goes in the market sense No matter whether it goes up or down, you don't feel any emotion or love for the currency, in this case Bitcoin is the main one. The difference between speculation and investment is that the investor only purchases and waits until the price rises and profits, the market speculator follows every market detail, sometimes it's exciting, others just live for it.

Speculators are not using technical analysis or fundamental analysis. Speculators doesn't rely in any data and there just basing hope and guess. If one rely on technicals then it is a technician. I rely on charts and price action and I'm a technician. Before I am a speculator but the thing is my money is not safe because I just trading without aby context or trading studies that I using but now technical analysis help me to grow my capital.

[wxa7115]

It's very simple to answer the issue. Investment bankers and stock brokers are people who are good at speculating. This is a real job done every day by thousands of people. Yeah, you can understand it, you can do it well. Hundreds of books are on the subject. There are even some world-renowned experts in the field and you can be one if you have sufficient experience.

Correct, but you don't have to achieve those levels in order to be profitable and being good at speculating with the price, many people have very unrealistic views about what it is needed to be good at speculating, as long as you are slightly better than average then you are going to make money.

Now that doesn't mean that it is easy you really need to learn how to trade because if you don't it is going to be impossible for you to tell if the signal that some technical indicators are giving you is a false signal or if it is a correct one.

[LUCKMCFLY]

~snip~

There are many ways to speculate, each person develops their style due to their experience or what they have learned, some have a natural talent for speculation to be successful, it is a very small rate, but in the market, there are many who generally use analysis fundamental, technical and the combination of both.

Logic in the market rarely works, normally the market does the opposite of what should happen logically, or what the masam thinks and given the volatility, it makes the movements more aggressive on some occasions. Jesse Livermore, always in his books recommends speculating on the line of least resistance, putting emotions aside and thinking like strong hands, which is the best strategy.

[purebitco]

There's no better speculator as you're still speculating, you're just reading rumour after rumour without backing it up with anything that doesn't make your bet very likely to happen. If you want a more proactive approach to rumours, I think the best thing to do is to do your own analysis not only by doing the rumour's background research, but also by reading the charts from technical analysis and see if it really supports it. Speculation is not going to lead you to anything.

[wxa7115]

Logic in the market rarely works, normally the market does the opposite of what should happen logically, or what the masam thinks and given the volatility, it makes the movements more aggressive on some occasions. Jesse Livermore, always in his books recommends speculating on the line of least resistance, putting emotions aside and thinking like strong hands, which is the best strategy.

And that is because the markets consist of humans and bots that have been programmed by humans, we are not really logical in the way we think and most decisions that we thought that we took by using a logical process were taken using our emotions and then we tried to rationalize those decisions after the fact.

This is why traders that try to make sense of the market are never successful, they think that the market needs to follow some kind of set of rules that they have created to describe its movements and when the market doesn't move like that they think that the market is wrong not understanding that the market is never wrong, the only one that can be wrong is the trader.

[adzino]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

All those speculations compelelty depends on peoples instinct/intuition. Remember, the price depends highly on the current events. Most people makes those speculation based on just the events that is currently taking place or about to hold. Like, for the next halving, people are speculating that the price is going to increase. This is based on demand and supply fact. The fact that people believes this is going to happen, they will start investing on bitcoin, which in turns will cause further rising of the price.
You can become an expert on speculating if you keep yourself always updated with the current event, but remember, never blindly just invest based on these speculations.

[Btc_1856]

Better stop for speculating with bitcoin and altcoin price because many time always make sense without have correction or near with their prediction price, they only make some one looks afraid with bitcoin when have to hold and buy. Try to give bad and fake news to get benefit with investor panic for selling bitcoin in lower price.

You are right, we don't see any importance from the predictors which will lead us to lose money if follow those predictions. I myself many time, lost money with these predictors so it is also always good to stay away from these groups if you don't have knowledge better try to learn otherwise, we might lose money with the wrong predictions.

[andycarrol]

Better stop for speculating with bitcoin and altcoin price because many time always make sense without have correction or near with their prediction price, they only make some one looks afraid with bitcoin when have to hold and buy. Try to give bad and fake news to get benefit with investor panic for selling bitcoin in lower price.

You are right, we don't see any importance from the predictors which will lead us to lose money if follow those predictions. I myself many time, lost money with these predictors so it is also always good to stay away from these groups if you don't have knowledge better try to learn otherwise, we might lose money with the wrong predictions.

I think many like you, including me. when we don't have a lot of predictor knowledge it always makes us lose. actually we can trust if they provide speculation based on data because price movements are not far from the charts and also history. sometimes I also speculate because of market sentiment.

[Latviand]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

There are some good speculators and feeling pro speculators, you can learn from them but don’t depend on that. Good speculation always come with a good reason and analysis, for me its a must to know on how to speculate and read charts, because by that strategy you can know when you will buy or when you will cut your losses. Keep on learning, and in the future you will have the best skills to help you earn profit.

But to be honest, speculations are just a more complex term of "one's personal opinion". Anyone could throw a speculation or prediction and it is other people's choice if they would believe to the majority's hype to which crypto would be profitable investing for. Some people are just becoming a 'good speculator' because their assumption is the same with the majority. Best thing to do is to create your own analysis and to make your own decision with regards to investments, perhaps. Because at the first place no one could really speculate the market's behavior.

[Landak]

Better stop for speculating with bitcoin and altcoin price because many time always make sense without have correction or near with their prediction price, they only make some one looks afraid with bitcoin when have to hold and buy. Try to give bad and fake news to get benefit with investor panic for selling bitcoin in lower price.

You are right, we don't see any importance from the predictors which will lead us to lose money if follow those predictions. I myself many time, lost money with these predictors so it is also always good to stay away from these groups if you don't have knowledge better try to learn otherwise, we might lose money with the wrong predictions.

Well, sometimes speculators like them can provide information that might have some useful information such as the latest news updates that we might miss. and you are also right that of all speculations and predictions it is better not to be taken seriously. just take the positive news and don't follow the advice of the person speculating, believe in your own feelings and your analysis.

[Hypnosis00]

I think many like you, including me. when we don't have a lot of predictor knowledge it always makes us lose. actually we can trust if they provide speculation based on data because price movements are not far from the charts and also history. sometimes I also speculate because of market sentiment.

Certain speculation could be better if we have a basis on it, then we might able to say that would something be realistic. I understand that we have our own prediction base of what we just observe and read the chart. This is all just speculations, anyone could be wrong or even say it right. I see the volatility getting strong and this is a reason why we all can't tell the exact price for the coming days even we have knowledge and skills.

[TheGreatPython]

Of course, anyone can have expertise in speculating, all you have to do is learn how to read charts, learn what indicators are, learn the signals that could be important in crypto space. After you figure all of those out all you would have to do to speculate is to share what you have with people in timely intervals or on important movements that is upcoming according to you.

Like every Sunday sharing next weeks potential movements and on top of that if something major is about to happen share it as well, that way you could become a person who is known as a good expert speculator. I am not saying you will be a successful one, I am not even saying you could be a correct one, maybe you will fail all the time yet if you are good enough you would be at least a respected one.

[wxa7115]

Some brief thoughts on this subject:

I noticed that speculators often do a lot of speculating. With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?

There are some good speculators and feeling pro speculators, you can learn from them but don’t depend on that. Good speculation always come with a good reason and analysis, for me its a must to know on how to speculate and read charts, because by that strategy you can know when you will buy or when you will cut your losses. Keep on learning, and in the future you will have the best skills to help you earn profit.

But to be honest, speculations are just a more complex term of "one's personal opinion". Anyone could throw a speculation or prediction and it is other people's choice if they would believe to the majority's hype to which crypto would be profitable investing for. Some people are just becoming a 'good speculator' because their assumption is the same with the majority. Best thing to do is to create your own analysis and to make your own decision with regards to investments, perhaps. Because at the first place no one could really speculate the market's behavior.

Not really most people form their opinion and they do not have any facts to back up their claims but a good prediction based on your abilities at speculating is going to be based on many facts that you see in the market and how you interpret those facts.

In my opinion this is way superior to making guess based just on your personal opinion however this only applies if you are able to be impartial about what the market is doing if you cannot do that then you are never going to be a good speculator and it will be better for you to just follow what the market is doing.

[criza]

Yes, a lot of experts works as a speculator, reading and analyzing the movement of various Crypto currency available in the market. There are experts who have been trusted in this field that are paid for their speculations. But, speculating is hard because, we could not truly know what will really happen in the future just by analyzing the given sets of data available in the present trends.

[bitbunnny]

Yes, a lot of experts works as a speculator, reading and analyzing the movement of various Crypto currency available in the market. There are experts who have been trusted in this field that are paid for their speculations. But, speculating is hard because, we could not truly know what will really happen in the future just by analyzing the given sets of data available in the present trends.

Yes, but that doesn't make them experts in speculation. It's about guessing and speculating so with time that gives you certain experience and feeling for the markets but not also the expertise. I don't think that speculation could be defined as a discipline or science like economy, it's more the question of the talent and some personal features.