Discipline and knowledge are both important

[adiebitsler]

This has become an open secret that must be applied in the investment world. If Knowledge is the key then money is the foundation that will strengthen knowledge. Discipline for me is number three (3) after knowledge and finance. Many people have knowledge about investing but cannot operate without money.

That's true, and there are also many people who have money but have no knowledge of investing, so they also don't know which direction to start from first, but the issue of discipline must also be maintained properly so that everything can be very complete.

[1715021290]

1715021290

[1715021290]

1715021290

[freedomgo]

Discipline and knowledge are an integral part of each other. Both need to be successful in both crypto and real life. Just as a disciplined man cannot be successful without knowledge, so a knowledgeable man cannot be successful without discipline. Success is possible only through the proper application of the two.

With knowledge, i know an investor who possessed it will always come up investing in the most potential coins in crypto. And once you already have them, you will start to develop discipline on yourself so you will be able to manage losses and end up maximizing good returns.

So i must say that these two are inseparable. You won't be successful in life if you don't have them both because one should compliment the other. Just as if you are knowledgeable and well disciplined in managing your investment, it will always come up with positive results.

[Valak]

It isn't being disciplined that keeps you afloat in the cryptocurrency industry, it is one factor, yes, but the major one is knowledge.
 Discipline without knowledge is nothing, it is like being leash without knowing what to do.
discipline without knowledge is not much,you can be disciplined and invest in wrong crypto currencies, or you can be disciplined and lose everything due to scam, you have to do your work regarding education and safely store your crypto currencies, to be successful as a trader, otherwise you will lose some or everything due to scam/phishing/hack, or market will thought you that not every project is going up during bull market.

If we read the topic of speculation, most of the topics predict crypto conditions which are far from the current price. Of course this is not knowledge, but only an estimate. And the estimate is only 1% can be declared correct and 99% can be said to be wrong. So regarding changes in crypto prices are also based on estimates. There is no exact science in the context of crypto investing. Unless you are a large capitalist who can withstand dumps on certain cryptos.
So far I haven't found any exact knowledge about crypto prices. If there is, then it is very easy for someone to make a profit, so the capitalist must always expend capital to cover most of the assets. The profit that a person gets is based on the capital of certain parties. It's just that they are able to withstand losses in the long run. I think the issue of crypto investing is a complicated one. There is no exact formula, it's just based on estimates.

[domoy77]

It can be said that discipline and knowledge are solid keys before achieving success as an investor. Respecting those will guarantee you the necessary financial security. I used to be an undisciplined person and I received a bitter return in the investment process. Being hasty and without knowledge leads us to make fatal mistakes.

Sufficient knowledge and time discipline are things that cannot be separated if someone wants to be successful because without money everyone can still do simple jobs in order to earn money, but without sufficient knowledge and disciplined time, everyone will find a dead end and fumble.