Does the knowledge of technical analysis make you a better holder?

[Coin_info]

I was thinking of this today, and I want to share for discussion. I think that traders are better holders of bitcoin when they invest because of their knowledge of technical analysis than investors who have no knowledge of technical analysis. Think of this, a trader who is also an investor and is able to spot market trends and retracement level will less likely be disturbed when bitcoin is on a downward trend because they have been able to spot a level on the chart at which the market will make a reversal. I feel they are more confident because of their knowledge of Technical analysis than someone who has no knowledge of technical analysis and is just an investor. What do you think?

[EL MOHA]

Generally anyone with a knowledge is better at such practice than one without knowledge because the one with knowledge knows that the market will definitely come back to been normal again and won’t panic like the person without knowledge.

But let’s put two investors with similar knowledge side by side and one with a superior technical analysis i think the one with more experience and better risk management will make a better bitcoin holder. For me investing into bitcoin doesn’t requires any technical knowledge while having this knowledge will only give you edge in accumulating more bitcoin at various supports but even a common DCA will solve this problem too for someone without knowledge. So for me the one with patience to hold is actually the better holder and not just TA knowledge

[DaNNy001]

First of all, no aspect of crypto can be profitable without proper knowledge, you must learn before you think of earning...a lot of people say that only trading involves more technical analysis but I disagree, even holders requires a level of knowledge for them to attain before thy can start investing...one mistake people make is that they depend on other people's informations instead of them doing their research

[Potato Chips]

Not necessarily, as I don't think it's all about TA. There are plenty of investors who mostly rely on fundamentals, and do well with it.

Of course, knowing TA is better than not knowing. However, especially if we're talking about investing for long periods, it's important to consider the fundamentals. With investing in bitcoin, I think fundamentals are enough even. 

[Jegileman]

Your technical knowledge is not going to help you achieve the required result you want from investing in Bitcoin if you’re investing for the long term. As an investor that has invested for long term about four years minimum time, they don’t need to glue their eye to the charts to decide the direction of the market and then use that to make decision on their investments.

This method will not be applicable to long term investors but only to short term investors who are looking to take profit in every short possible time they’re able to accumulate it quickly. Technical analysis is mostly for traders to know the direction of the market to also trade in that direction and not for long term investors of bitcoin.

[Beparanf]

TA knowledge is only good when you are trading and not holding since your goal on holding is long term therefore you don’t need to have a market knowledge on how will the market behave on specific time frame because you are confident that you will gain in the future that’s why you hold.

You will only seek a TA on a specific coin if you to knew how it will perform because your goal is to trade your token once you have the opportunity to take profit.

It’s not a must for holding but it’s not bad too if you can do that,

[cryptoaddictchie]

I was thinking of this today, and I want to share for discussion. I think that traders are better holders of bitcoin when they invest because of their knowledge of technical analysis than investors who have no knowledge of technical analysis. Think of this, a trader who is also an investor and is able to spot market trends and retracement level will less likely be disturbed when bitcoin is on a downward trend because they have been able to spot a level on the chart at which the market will make a reversal. I feel they are more confident because of their knowledge of Technical analysis than someone who has no knowledge of technical analysis and is just an investor. What do you think?

A trader who also invests can definitely stay calmer during dips, but I don’t think it automatically makes them better holders. Technical analysis can give more confidence during volatility and knowing support levels or trend shifts helps you understand the move instead of panicking.

But at the same time, long-term investors without TA can be just as strong holders if they have conviction and patience. In the end, it’s less about charts and more about mindset. TA helps, but discipline is what really keeps people from selling in fear. Holding isn't easy task unless someone is prepared for it.

[tvplus006]

...I feel they are more confident because of their knowledge of Technical analysis than someone who has no knowledge of technical analysis and is just an investor. What do you think?

It is not necessary for an investor to know technical or fundamental analysis when it comes to bitcoin. And in practice, it is. For an investor, the main thing is to buy at a low price and then tightly hold the purchased BTC for at least 2-3 cycles.

[Cryptomultiplier]

First of all, no aspect of crypto can be profitable without proper knowledge, you must learn before you think of earning...a lot of people say that only trading involves more technical analysis but I disagree, even holders requires a level of knowledge for them to attain before thy can start investing...one mistake people make is that they depend on other people's informations instead of them doing their research

Doing personal research is very important because these days the burden of making analysis before entering or opening a position in the market has been made easier with different platforms offering AI analytics tools and even signal groups dropping analysis charts that may be more accurate than human analysis alone and that's an advantage traders should take note of even if the basic knowledge of technical analysis is also as important.

[Cryptohygenic]

I was thinking of this today, and I want to share for discussion. I think that traders are better holders of bitcoin when they invest because of their knowledge of technical analysis than investors who have no knowledge of technical analysis. Think of this, a trader who is also an investor and is able to spot market trends and retracement level will less likely be disturbed when bitcoin is on a downward trend because they have been able to spot a level on the chart at which the market will make a reversal. I

It is okay to think but after much you don't have to believe it because the technical analysis in the crypto markets is all just fun events and market discussions just like those we have as price speculations.
Volatility is also unpredictable so it is not even technical analysis would make you better investor. Even if you have to talk about technicalities, then it should be about traders and not investors because, real investor don't have time to disturb their mentality faculties or emotions trying to analyze the market on spotting when to buy or when to Sell.

[FirmWars]

I think that traders are better holders of bitcoin when they invest because of their knowledge of technical analysis than investors who have no knowledge of technical analysis.

Not correct; having technical analysis knowledge doesn't determine how best someone can be a Bitcoin holder. It's just an added advantage to be able to read a chart and understand the market pattern, but that's not what makes them better holders. The ability to hold is mostly based on the goal of the individual and how well they know about Bitcoin. Some people sell out of panic because they don't believe that the price of Bitcoin will pump again after it has dumped during a bear cycle or even in a bull cycle when the price starts falling. Some people sell because of the panic; they sell even before the real upward move starts to happen. Technical analysts are not always accurate; they can also sell out of panic. The ability to understand that Bitcoin price is always unstable and therefore you set a goal for the time duration that you are going to hold without selling, meaning that you have sealed your faith that what ever comes knocking, you won't sell until your holding period is met, that's what make you a good holder.

[TheUltraElite]

It can make you a good speaker at an analyst show that is for certain.

TA is a pseudoscience, you cannot actually predict the future or else brokers would not exist. TA gives you an idea of the market movement and is going to be correct 50% of the time.

Even if you dont do any analysis you can still trade for long with simple buy low and sell high after observing buying point from old charts.

[tbct_mt2]

I was thinking of this today, and I want to share for discussion. I think that traders are better holders of bitcoin when they invest because of their knowledge of technical analysis than investors who have no knowledge of technical analysis.

With investors, they need to focus on fundamentals and what they need is fundamental analysis, not technical analysis.
With traders, they have to use technical analysis for their trading and even speculations in this market.

Investors and traders are different and they have different targets in this market so they must use different knowledge, skills and approaches for investment and trading.

Investors simply can use Dollar Cost Averaging strategy which is very enough for their investment success together with how they manage their finance, investment capital for DCA and holding.

Traders need many things, more complicated and more uncertainn than what investors need. Trading is not easy with any trading strategy used that explains why most traders have losses in the market.

[ancafe]

Think of this, a trader who is also an investor and is able to spot market trends and retracement level will less likely be disturbed when bitcoin is on a downward trend because they have been able to spot a level on the chart at which the market will make a reversal. I feel they are more confident because of their knowledge of Technical analysis than someone who has no knowledge of technical analysis and is just an investor. What do you think?

That can be quite helpful because technical skills in reading coin price analysis will make it easier for them, and it can also be implemented in investing and trading. Knowledge can help someone develop skills so they have insight when making decisions, and when someone has good analytical skills, it can actually give them confidence. But that's not the only thing, because many people also tend to consider fundamentals, so both can work if applied well.

Knowledge can help us make decisions in trading and investing because we have a reference point, not just guesswork. Although some people prefer to employ certain methods or strategies when trading because they typically find the approach more suitable for them, technical analysis and fundamental analysis can also be combined to reach decisions.

[bettercrypto]

I was thinking of this today, and I want to share for discussion. I think that traders are better holders of bitcoin when they invest because of their knowledge of technical analysis than investors who have no knowledge of technical analysis. Think of this, a trader who is also an investor and is able to spot market trends and retracement level will less likely be disturbed when bitcoin is on a downward trend because they have been able to spot a level on the chart at which the market will make a reversal. I feel they are more confident because of their knowledge of Technical analysis than someone who has no knowledge of technical analysis and is just an investor. What do you think?

You know, if you’re experiencing profit most of the time from the technical analysis you use in actual trading, then maybe you should just maintain that or improve it if you can. Because there are others who say that if your analysis is correct, you’ll surely be able to gain profit from it.

Which I also believe is true, since knowledge is really very important, especially in the kind of trading we’re doing here in this field or industry of the crypto space. Because if we have sufficient knowledge, then for sure we’ll be able to properly carry out our real purpose here as investors or traders.