What affects the most in making timely decisions in the world of Crypto?

[shoreno]

You said what matters is the ability to forecast? Really? Do you even know what forecast means? Haven't you seen where by forecasts fails? This have happened like thousands of time before, you can't develop the ability to forecast crypto because it's totally unpredictable, the best way to limit loss and have high chance of gains is understanding what you put your money on and also buy at the bottom

he did not say random forecast where you will predict that this coin will reach this value without any reason on why it will happen or why you said that but it was a smart forecast because you are researching for news , charts and anything you can find related in the coin . not all forecaster fails but theres some of them predicted the outcome succesful . we have forecasters here in crypto as well that are being followed by interested users . buy at dips and chosing what coin is good is still more important than forecasting but after that , you can apply forecasting with it .

[disconnectme]

There is no doubt in this space you need to be able to consume a lot of information and be able to make decision very fast because opportunities come and go without you knowing it, if you want to succeed in this space never look to catch the top or the bottom of any trade, look for a good project you are convinced about and your buying and selling price should be predetermined. A lot of people has been burnt because they listen to people thinking the price of a token will continue to pump

[bhadz]

It is the emotion, if that hits you. You can make very bad decisions.

Timing and precision is also very important in my opinion. Indeed, emotions are one of the factors that influence us in making decisions, but if it's already profitable, why don't we do it right away? and don't wait. our power in analyzing a situation and also the precision or timing is very useful here

Because of greed. You can't do the right thing when you're too greedy and that makes someone who's already in profit to doubt himself.
And in return of it, he wants to make more progress and increase in price of the token he holds than selling it at profit.

[Yatsan]

There lots of contributing factors that can affect on making timely decisions with regards to the world of crypto talking about investment, trading and other stuffs related. Mostly the market is being affected by the volume and demand by the number of people diving in the market to purchase certain coins doing biddings to raise or lower down the price for different reasons and that might be they wanted to sell or buy. There are also some cases that the market and perception of people are being affected by the events happening in the surrounding like this pandemic because people who is one of the contributing factor for the price movement is affected which will have an effect with regards to the pricing of the coins in the market. Timely decisions can also be affected by personal reasonings concerning doubt about the analysis you have done if you are going to buy or sell. The affection may come to be based on technical analysis or personal guts upon doing timely decisions that are also affected the factors stated above. There are really lots of factors to be considered upon doing decisions in the world of crypto. You just need to focus and be tough on taking risks based on your own analysis of what you think is right having basis in your hand.

[masterrex]

I think we are bound and overcome by our emotional weaknesses in terms of making a decision especially if it was involved in the volatile nature of cryptocurrencies. Like if you are doing trading your emotions holding you back to buy that coin at that price level and after the time is passed the coin that you want to buy was skyrocketed, but its too late and there's nothing you can do about it, the only thing you can do is regret. for me, our emotional weaknesses are the cause that can affect our timely decision in the world of Crypto.

[soetikno]

trading in crypto is influenced by the latest news from the project as well as fever and trends, sometimes what is predicted may not happen

[Bananington]

being patient and persevering does not always pay off in the world of crypto, sometimes you have to be quick and decisive, make quick decisions especially when the value of a coin changes trend and its value begins to drop you have to sell quickly, or when it is about to be delisted from all exchanges or you have to make a swap within a certain time limit, you have to follow the market and the news 24 hours a day

Its a two way thing when it comes to being patient in crypto, the bottom line is that we should know when to be patient and when not to. For instance, if I'm holding a coin which already dumped a lot, and there is a big upcoming update for the project, I can decide to hold and sell the news. If nothing is forthcoming and the price is on steady downtrend, I might possibly sell off to avoid further loss since there are other price action set ups I can take advantage of.

[JeffBrad12]

trading in crypto is influenced by the latest news from the project as well as fever and trends, sometimes what is predicted may not happen

The news is everything in the crypto. The news can build FOMO and this will make the fundamental of the project will be even stronger than before consider good news will always bring more and more adopters and buyers to the coin.
The bitcoin itself was getting pumped caused by the news. From there people could know where is the position of crypto.
The news will determine the trend.