Can one have any expertise in Speculating?

[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.