wxa7115
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January 09, 2020, 07:06:41 PM |
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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.
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cutesgirl
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January 13, 2020, 05:57:44 PM |
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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.
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wxa7115
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January 13, 2020, 06:03:09 PM |
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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.
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milewilda
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January 13, 2020, 11:48:37 PM |
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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.
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Lecam
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January 14, 2020, 08:59:45 AM |
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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.
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buyinbtc
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January 14, 2020, 10:12:51 PM |
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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.
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Questat
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January 14, 2020, 10:41:42 PM |
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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.
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hahay
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January 14, 2020, 10:55:41 PM |
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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.
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Taskford
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January 16, 2020, 12:06:21 AM |
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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.
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TitanGEL
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January 16, 2020, 12:17:27 AM |
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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.
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wxa7115
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January 17, 2020, 04:31:55 PM |
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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.
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LUCKMCFLY
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January 17, 2020, 09:18:57 PM |
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~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.
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purebitco
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January 20, 2020, 09:19:13 AM |
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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.
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wxa7115
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January 21, 2020, 06:18:17 PM |
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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.
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adzino
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January 21, 2020, 08:36:42 PM |
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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.
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Btc_1856
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January 25, 2020, 05:34:29 AM |
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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.
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andycarrol
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January 25, 2020, 06:05:18 AM |
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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.
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Latviand
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January 25, 2020, 08:42:36 AM |
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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.
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Landak
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January 25, 2020, 12:58:40 PM |
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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.
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HILIH KINTIL
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Hypnosis00
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January 25, 2020, 01:57:43 PM |
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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.
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