A good observer makes a better speculator

[ultrloa]

I agree. The longer and more immersed you are in the market, the more familiar you are with its possibilities. It may be hard to track down Bitcoin's price in terms of hours, days, weeks, and months, but the long term prospects may be a little easier to speculate. This is definitely one of the reasons why only newbies are usually affected by corrections and bear cycles. They're the ones who have the tendency to panic. The ones who have been with the market long enough aren't bothered.

Yeah, because you will familiarize the market, how it moves, how it behaves, how it reacts.
Let's say for example there is a lot of news negative or positive news about Bitcoin or even FUD, then you will be ready for how the price of Bitcoin will react especially since you already experienced that multiple times and you are already used to it. It will really help you.

That's true. If you heard about a big bad news that is related to Bitcoin in one way or another, you would understand if the price would react negatively like what happened when Elon suddenly announced that Tesla has stopped accepting Bitcoin payment or when China announced it bans mining. But as somebody who has been with Bitcoin for a long time, you wouldn't panic or be worried. Such situations couldn't affect you anymore.

Because with that events either bad or good you can compare the possible scene that might happen in the market that's why its good to be observant on how the market goes. If many newbies will extend more their knowledge and always base their actions towards current conditions on what they observe then we can see more healthy discussion about earnings even if there's bearish condition happening.

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[Natalim]

Yes OP, I do agree that "a good observer makes a better speculator" but that is only the thing, that person can't still predict what will happen next.
He could speculate what we see (just like the normal thing we do), but his focus and time spend in the market make this person even better. However, it was not the only reason why we succeed here, we should also be smart, especially when making a decision which is most of the time we fail in this.

[Nrcewker]

There is no need to speculate the market if you are not planning to buy the coins. I mean in case of BTC for the ones who already bought, their only motive is to hodl. If you just worry about the market, then definitely you will lose patience and ultimately you will end making of loss. A good observer definitely makes a better speculator, but sometimes we only need to observe, no need to worry about the market. This is my opinion , willing to hear other people’s opinion on this.

[gantez]

There is no need to speculate the market if you are not planning to buy the coins.

Speculation is not only for the people planning to buy some coins but as someone that likes the business, you can speculate to yourself where the coin price will move to and this is good for you to taste your ability of understanding what is happening in cryptocurrency. It also build the interest so you can encourage yourself to invest when you have money because you already having good knowledge to make money from it.

[dunfida]

There is no need to speculate the market if you are not planning to buy the coins.

Speculation is not only for the people planning to buy some coins but as someone that likes the business, you can speculate to yourself where the coin price will move to and this is good for you to taste your ability of understanding what is happening in cryptocurrency. It also build the interest so you can encourage yourself to invest when you have money because you already having good knowledge to make money from it.

It would really be just a normal act specially if you do really give out importance of the money you are investing which you cant really make yourself on rushing up on making investment decisions.
No one really likes on losing up soo much money thats why you should really be that wise and be that observant when it comes to price movements.Its true that being observer isnt that bad
which you could really study out into those probabilities and possible scenarios but of course, this isnt talking about observing all the time.You should really need to act into something
so that you wont really be missing out opportunities.

[Ayers]

I agree. The longer and more immersed you are in the market, the more familiar you are with its possibilities. It may be hard to track down Bitcoin's price in terms of hours, days, weeks, and months, but the long term prospects may be a little easier to speculate. This is definitely one of the reasons why only newbies are usually affected by corrections and bear cycles. They're the ones who have the tendency to panic. The ones who have been with the market long enough aren't bothered.

I think it's more easier to predict short term than long term because a lot of things can happen in the long term which could affect the flow of the price. Not only newbies but all are affected whenever there's a correction and bears. All of our portfolio goes down but maybe it's true that more newbies can panic though it's also possible for a newbie to study the market first so that they will know what to expect on here.

A lot of us in the forum are experienced btc users but we are still hoping that the price will now recover. If you aren't really bothered then you aren't supposed to be here in this forum joining the discussion about the bears and correction.

Are you a successful trader? Have you made a lot of money in trading? Because that's precisely the implication of what you're saying, that it is easier to predict short term price movements than long term. So tell me, what's your price prediction of Bitcoin tomorrow? In the next 3 days? Or next week? What's going to be the price of Bitcoin next month?

Here's my long-term prediction: Bitcoin would reach $100,000 in 2025. That's an easy prediction.

The forum is not exclusively made up of people who are discussing about bears and corrections. If that's what you think is the purpose of this forum, I'm sure you're wrong.
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agree with you, short term bitcoin price prediction is very difficult, bitcoin price can correct whenever just a small fud or market news will fluctuate instantly and we won't be able to react. that's why people say that day trading is a lot more difficult and stressful than holding long term.

in the long term, in my opinion bitcoin has only one trend which is an uptrend, bitcoin can correct or even fall deeply in the short and medium term but in the long term bitcoin is always high, bitcoin is a long-term investment.

[Ani1985]

With experience, we can know and predict prices well, most beginners always speculate and only rely on feeling to buy and sell, and the best thing for profit is to always be patient and sell at a profit price, especially on spot exchanges then everything becomes easier to trade. buy or sell.

[Davian144]

With experience, we can know and predict prices well, most beginners always speculate and only rely on feeling to buy and sell, and the best thing for profit is to always be patient and sell at a profit price, especially on spot exchanges then everything becomes easier to trade. buy or sell.

Finding profit is not an easy thing even though it can still be done by everyone, because market conditions are not always the same as last year so making price predictions by taking references from last year will not always be right. Moreover, if some beginners only rely on their filing for this, it is clear that there will be no accuracy at all so that the potential for profit or not is also difficult to know even though they (newbies) will continue to make purchases when price drops occur in the market.

[TravelMug]

With experience, we can know and predict prices well, most beginners always speculate and only rely on feeling to buy and sell, and the best thing for profit is to always be patient and sell at a profit price, especially on spot exchanges then everything becomes easier to trade. buy or sell.

Possible, but even with individual with so much experience, they could also be making wrong predictions, in short no one can really predict how the market is going to move even if you understand at least the most part of trading and technical analysis.

So still a hit or miss for us, but the thing is that we continue to grind day and night and always find a way to make money regardless of what is the current market sentiment is. There could be speculators that are still making money even in a bear season like what we are in right now.

[sukmo]

Observations in speculation are often associated with investment and business, although speculation cannot fully describe investment and business activities. Investment and business is an activity that really takes into account the risk in the future, not just luck like speculation.

In making observations, there are actors who usually only think about abundant profits and are not based on in-depth analysis and careful calculations. This makes speculation a part of business activity that cannot be separated from price fluctuations. In doing speculation, it is necessary to have a principle that is oriented to "high risk, high return", meaning that wanting big profits means having the courage to take big risks as well.

This is the real key to speculation, big profits can be obtained even greater than investment activities. A big crisis with speculation is a major step towards making big profits, not just chancy. When a businessman manages to get through a difficult time or crisis, it is certain that massive profits can be obtained.

A clear example of the principle of speculation is when a businessman decides to buy disputed land at a very cheap price. The risk of buying it is certainly very large because of the dispute. However, when disputes are successfully resolved, land prices can soar.

[wxa7115]

With experience, we can know and predict prices well, most beginners always speculate and only rely on feeling to buy and sell, and the best thing for profit is to always be patient and sell at a profit price, especially on spot exchanges then everything becomes easier to trade. buy or sell.

Possible, but even with individual with so much experience, they could also be making wrong predictions, in short no one can really predict how the market is going to move even if you understand at least the most part of trading and technical analysis.

So still a hit or miss for us, but the thing is that we continue to grind day and night and always find a way to make money regardless of what is the current market sentiment is. There could be speculators that are still making money even in a bear season like what we are in right now.

This is to be expected as no one can really predict what the market is going to do all the time, so what is the next step for speculators? To have a strong money management strategy, even if your ability to predict the markets was just slightly better than what you could get by random guessing, as long as you limited your losses with the use of a stop loss and you let your winning trades run that will be enough to produce profits.

Unfortunately many speculators have unrealistic views about what they can achieve, and they want to increase their accuracy to the point they compromise the profits they could possible get by refusing to use a stop loss.

[gantez]

I think the main key to profit in cryptocurrencies is to be patient and never panic to sell even though the price of drops is 90%or the price is up 200%, most of us will be tempted to immediately sell when prices rise more than 100%, but if we hold the hold top ranking coins then Continue to be patient then we can get big profit opportunities.

You will not always preach patient to hodl coins if you can know that 200% rise is the height of it, I think you can sell which you will wait for the low to buy and hodl again. Hodling is not to be a blind thing but a smart person is there taking the advantage of the market. This is the simple calculation that I hear sell when it is high and buy when it is low.

[Kelvinid]

I think the main key to profit in cryptocurrencies is to be patient and never panic to sell even though the price of drops is 90%or the price is up 200%, most of us will be tempted to immediately sell when prices rise more than 100%, but if we hold the hold top ranking coins then Continue to be patient then we can get big profit opportunities.

You will not always preach patient to hodl coins if you can know that 200% rise is the height of it, I think you can sell which you will wait for the low to buy and hodl again. Hodling is not to be a blind thing but a smart person is there taking the advantage of the market. This is the simple calculation that I hear sell when it is high and buy when it is low.

Indeed we can't assume that everyone has the courage to hold and take advantage of the situation. A lot of investors are still showing disappointment when seeing the price drop, in fact, they are thinking collapse of the market which leads them to sell. At first, I think that the more we check and observe the market, the more we understand how it works but there is something wrong happens, it only creates panic in others. And the more they become disturbed by what they have seen.

[btc78]

I think the main key to profit in cryptocurrencies is to be patient and never panic to sell even though the price of drops is 90%or the price is up 200%, most of us will be tempted to immediately sell when prices rise more than 100%, but if we hold the hold top ranking coins then Continue to be patient then we can get big profit opportunities.

Only losing will provide you by Holding a coin(specially shitcoin ) losing that amount of percentage . 90% of drop is almost a dead investment and I would rather sell when the drop goes to 50% and then wait or seek for other coins to invest with , though if we are talking about top 5 coins then indeed best to protect your coins by HODLING and never comes panicking because that will also leads you to more losses.

You will not always preach patient to hodl coins if you can know that 200% rise is the height of it, I think you can sell which you will wait for the low to buy and hodl again. Hodling is not to be a blind thing but a smart person is there taking the advantage of the market. This is the simple calculation that I hear sell when it is high and buy when it is low.

HODLING is something we must understand and that is to bring longer handling of the coin , no matter what will happen.

[wmaurik]

I think the main key to profit in cryptocurrencies is to be patient and never panic to sell even though the price of drops is 90%or the price is up 200%, most of us will be tempted to immediately sell when prices rise more than 100%, but if we hold the hold top ranking coins then Continue to be patient then we can get big profit opportunities.

Most people who buy anything or for example like to buy Bitcoin at a low price and sell it when they see there has been a 100% increase in price. It's still in a very reasonable category to do because they are basically looking for profit so selling because they already have a profit is not a mistake in my opinion

You will not always preach patient to hodl coins if you can know that 200% rise is the height of it, I think you can sell which you will wait for the low to buy and hodl again. Hodling is not to be a blind thing but a smart person is there taking the advantage of the market. This is the simple calculation that I hear sell when it is high and buy when it is low.

What you say is very true and very precise. Because there is also a limit to being patient and the limit for a person's patience is until they really see the advantages they have when they want to sell. And it's logical again that patience doesn't need to be preached to everyone because everyone has their own principles in being patient even though the goal is not much different, namely looking for profit after buying in the past.

[Fara Chan]

Most people who buy anything or for example like to buy Bitcoin at a low price and sell it when they see there has been a 100% increase in price. It's still in a very reasonable category to do because they are basically looking for profit so selling because they already have a profit is not a mistake in my opinion

This category is what people often do, buy when the price is down and cheap, Although we can't make precise speculations about the journey of bitcoin, but people will prefer it over other coins, investors experience disappointment from the current market reaction, even many people make mistakes and sell some of the assets they have, panic will only lead us to ruin, stay calm until the market finds a gradual recovery, it is much better than doing something to the detriment of the investment we made.

[bitterguy28]

Most people who buy anything or for example like to buy Bitcoin at a low price and sell it when they see there has been a 100% increase in price. It's still in a very reasonable category to do because they are basically looking for profit so selling because they already have a profit is not a mistake in my opinion

This category is what people often do, buy when the price is down and cheap, Although we can't make precise speculations about the journey of bitcoin, but people will prefer it over other coins, investors experience disappointment from the current market reaction, even many people make mistakes and sell some of the assets they have, panic will only lead us to ruin, stay calm until the market finds a gradual recovery, it is much better than doing something to the detriment of the investment we made.

actually this is depending on how we wanted to trust the market  because even if the price is high still we can buy and keep hold specially if we have funds reserve for investing in crypto.
but if you are longing to get high return then best to invest when the market is dumping like now,so better buy this time and wait for a year or so.

[Yamifoud]

Experience is what it means. Of course, spending a lot of time more than anyone is a big advantage and a bigger chance to project what will probably happen next. However, in a situation where price movement is unpredictable, all we have is just a sort of market speculation and mostly it ends wrong. Because no matter how long you have been observing the market, we can't still assume that we know already and we are right. Even experts fail to see what exactly will happen which means that it also happens to everyone.

[lizarder]

That is, you are building your theory on the basis of some kind of candlestick with a difference of $400? Are you seriously? What difference does it make how long the candle is, if there are no certain events and fundamental prerequisites behind it that can provoke future growth? The market is now trying to get out of the global downtrend, and these attempts occurred before the candle you mentioned formed.

There is no trigger for now bitcoin is moving on a greener upper line candlestick, Bitcoin candlestick analysis theory can predict a bullish or bearish reversal signal, but due to stronger triggering conditions towards a correction, so the chance to break out of the global downtrend will be much more difficult, the combined cycle of four-year achievements also still looks far away, if calculated after the achievement of the previous year's ATH. Gradual recovery will continue, but it is difficult to calculate the stable price range.

In general, I don’t see anything special in it, it doesn’t rewrite anything, and doesn’t break any strong formation. Therefore, I see your reasoning as drawn, in an attempt to combine some events that do not correlate with each other in any way and do not affect anything.

I remember your post related to cycles, today what you said we saw clearly, the events of the bitcoin journey in which direction the cycle will move, as well as the pictures you uploaded in the post will make it easier for us to understand the course of bitcoin. There is no need to worry too much though, as bitcoin will find a recovery cycle before hitting the next ATH.

Buy and Hold Bitcoin, because when the Cycle works perfectly, achieving ATH will give maximum results for anyone, for me there is no doubt to see any potential that is born in the market today, because the bitcoin Cycle has been running for almost two decades since at that time. The rollout has started, therefore we will prepare for the next ATH milestone by making purchases in stages.

[Fara Chan]

actually this is depending on how we wanted to trust the market  because even if the price is high still we can buy and keep hold specially if we have funds reserve for investing in crypto.
but if you are longing to get high return then best to invest when the market is dumping like now,so better buy this time and wait for a year or so.

Not all traders have spare money when they start entering the market, sometimes the capital they have will not be able to buy a certain amount of bitcoins, so I prefer to invest when the bitcoin price starts to fall, for some people who don't have a lot of capital, it is highly recommended to buy in conditions like today, in order to make a good investment conversion.

In contrast to investors who have enough capital to enter the market at any price, because they are financially strong, and it is true that this really depends on how we trust the market, but more precisely being able to reach the market at the right time.