Education is the Key

[Yamifoud]

Charts don't lie, people do.

It is because people rely on speculations that are often wrong while the chart tells nothing about the incoming.
Well, learning could somewhat help a lot but can't erase the fact that people will still suffer losses because that was the nature of investment and trading. Even though we spend 2-3 years in crypto, still makes no sense if we still allow our emotions to make decisions, not our minds. And instead of reading books about crypto, and doing chart analysis, I guess it was better to priority on how to control our emotions first.

[1714261749]

1714261749

[Queentoshi]

3. Emotions is the real money killer.

Emotions and decision making do not make a good mix, when you make decisions with emotions, those decisions are most of the time biased, and It can pose a danger when this decisions needed to be made now involve money. If you make money decisions with emotions, you may loose all your money from being biased and not straight thinking. So a good question to ask oneself when making decisions, especially those involving money is, am I making these decisions based on emotions? If so, please seek a third-party opinion.

[Lordhermes]

Education is the greatest tool every human being can ever have.It is what holds any society together and gives it hope for a better future.Education gives the society a shape of of how things work out,and how things are supposed to be done therefore,it is necessary for any society to train it youths so that the future of that society will have the assurance of good leadership.
Moreover,the educational system of nation should be invested in,so that the students will have a condusive environment for learning.

[GeorgeJohn]

In crypto space education is the key, leave those BS people are talking about

Responding from the subject sentence of this thread, it's very obvious that educational foundation is the brain behind good movement of cryptocurrency investor, because if you are not smart you can't comprehend directly the chart of bitcoin or cryptocurrency

1. Charts don't lie

what you portrayed is the truth of chart, chart of cryptocurrency just tells the truth, but what mislead some people is the ability to read the chart and interpret it, if you understand chart that you have scope of cryptocurrency.

3. Emotions is the real money killer.

emotions is what misleads people, and especially people who is eager to make it, without trying to understand the procedures either trading or long situation investment.

[TheNineClub]

In crypto space education is the key, leave those BS people are talking about

1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.

When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..

Charts don't lie, people do.

But it's not simply enough to say that the charts don't lie. People need to be educated from the ground up and knowing how to read the charts is pretty far down the line. A complete understandings of the basics is needed for any new potential investor (I say potential because no investing should be done before education).

[minime0105]

In crypto space education is the key, leave those BS people are talking about

1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.

When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..

Charts don't lie, people do.

You can be educated but still don't have the knowledge of Bitcoin and crypto currency in general,
Charts don't lie but people apply what they saw in charts yet they don't succeed and you can not apply emotions in trading for instance and to lose funds so I think the best thing to do is to gain enough knowledge of crypto before trading or staring you investment journey.
Another thing you need after getting knowledge is good information, when your not rightly informed you will also not do very well .

[DdmrDdmr]

<…> 1. Charts don't lie

Just to add a quick interesting case we’ve seen today whereby charts can be manipulated (likely unintentionally in this case) to depict a scenario that does not stand if we zoom out and include a wider timeframe into the picture:

The St. Louis Fed Twitted on a blog entry created yesterday by the FRED. The entry compared the price evolution of a dozen large grade A chicken eggs in USA over time, comparing a chart priced in USD with another priced in sats – both from January 2021 until April 2022. During that timeframe, the egg price rose 71% in USD, but fluctuated way more in sats...

Nevetheless … if we include data from an additional year (say the beginning of 2021 – play around with the sliders near the bottom of the charts or see https://twitter.com/Nneuman/status/1533923935808520195), things change drastically in favour of bitcoin over usd.

The above goes to show a simple example of chart manipulation by rearranging the timeframe it shows.
 
See: https://cointelegraph.com/news/fed-forgets-long-term-dollar-devaluation-when-pricing-eggs-in-btc

[Kelvinid]

Education wasn't hard to get, Education is very important and the key to success but why are some people still suffering losses and failure? And that was because they are too hard in applying what they have learned. Well, the challenge is execution - kinda people are getting wrong with that, particularly in decision-making and most especially if we have been influenced by our emotions.

We consider this as the thing to help us achieve our goal but also accompanied by hard work and dedication.

[Lordhermes]

Education wasn't hard to get, Education is very important and the key to success but why are some people still suffering losses and failure? And that was because they are too hard in applying what they have learned. Well, the challenge is execution - kinda people are getting wrong with that, particularly in decision-making and most especially if we have been influenced by our emotions.

We consider this as the thing to help us achieve our goal but also accompanied by hard work and dedication.

Exactly,we learn everyday,but its hard to apply what we learn.When we are unable to apply what we learn in the things we do,we therefore become slaves to the things we've learnt.Education is the key to every successful society,when a society  fails to invest in the education sector,there is every tendency that the society will crumble and fall due to lack of enlightened personels that can handle the affairs of that society effectively.

[cryptoaddictchie]

1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.

When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..

Charts don't lie, people do.

Actually they do also. Charts are good basis of result or possible outcome but you dont totally depend on it. Its not like its gonna give you a correct fact for your trades. Its a conditional process wherein your end result could end up opposite on what you think. But Im not saying dont based there, but consider also having a different outcome for that.

[maydna]

In crypto space education is the key, leave those BS people are talking about

1. Charts don't lie
2. Don't ever think about following the Herd.
3. Emotions is the real money killer.

When people are talking about that exact same outcome it doesn't always happen, the opposite is what will happen..

Charts don't lie, people do.

The charts don't lie, but we are greedy to chase more profit. But you can learn about charts to know when to enter and exit the market. Chart analysis knowledge is necessary because that is our way to trade and avoid big losses.

Besides that, we also have to manage emotions in trading because if we follow emotions, we will not be able to make profits and even get losses. People analyze and predict where the market will go but never know the truth. So we also don't need to follow what they say but analyze it ourselves.

[Mask00]

Of Course Education Key Our Life
If We are Educated Then we are do job any company any Country. And Job means Our Life Changes. And If You Educated Person Then You Can Teaching your Children your relatives children. So Of Course Education Important our Life

[Stalker22]

~

They say a picture is worth a thousand words... Here is one, when we are already talking about the importance of good education:

[tvplus006]

...1. Charts don't lie

"Charts don't lie," but for some reason every trader looking at them sees different things. Accordingly, one opens a long, and the other opens a short under the same conditions. Accordingly, charts alone will not be enough for correct decision-making, since experience is a prerequisite for successful trading.

[Alisha-k]

Chart are not clear enough the only provide a clue of possible trend but it still require extra tools to do the analysis. As for emotions it happens to be the greatest enemy of traders and it can so ruin a wallet. Following the herd is like depending on others for signals without running your own analysis and research. Crypto trading involves individual analysis signals and bots too also fails.