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

[boyptc]

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. 

I agree.

While it helps to be depth with technical analysis being a holder but what's more helpful is that more with the fundamentals.

That's because you're gathering information to what's happening in the market and all of the possible aspects that it affects outside the charts.

So technicals are more focused with the charts though in decision making as an investor, it also helps.

[bangjoe]

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?

The technical analysts can also only speculate with the knowledge they get, they only know the support and resistance prices that become their calculations to discuss the chances of the direction of motion of the candle, in the use of indicators or candle shape patterns only become data records of possibilities or probabilities, nothing is certain even though they have expertise in this technique, the market can always not be guessed with 100% accuracy.

Only they can anticipate every chance of increase and decrease with technical calculations, like that more or less in understanding this.

If my money is big I would rather be an investor in the long term, it will not be a drain on the mind and emotions and also a drain on time where I have to read every form of the needle and wait for confirmation, after that also find out the world news that can give sentiment to the market, honestly this is tiring.

[Graph001]

Your point is reasonable but the opposite is also true that technical analysis can sometimes create more noise, more stress and more confusion than a simple long-term strategy. A trader can overthink everything. Because sometimes too much chart knowledge creates stress. Traders can be constantly monitoring the market and be tempted to take action, even when they are supposed to hold. Technical analysis may not always be accurate. The market can break any, violate any trend and ignore any indicator. If a trader trusts the charts too much then a sudden drop in the price of Bitcoin can shake their confidence even more. The truth is that investors do not need charts to hold them. Long-term holders do not worry about short-term movements at all. They focus on fundamentals, long-term beliefs and simple strategies like DCA. This helps them remain mentally stable without the need for technical knowledge.  A trader-investor can accidentally become too active, selling too early, re-entering too late, trying to time every move. This can ruin long-term profits.

[Dickiy]

Essentially, anything is possible only when you have knowledge. Simply put, knowledge is like a bridge that allows you to reach your desired goal, and this applies to everything.

In trading or investing, technical analysis is clearly crucial, as every decision must be based on knowledge. You may have heard people say that in trading or investing, the more knowledge you have, the closer you are to success. This is true, because when you have a lot of knowledge, every decision you make is more likely to generate profits.

[jaberwock]

I think that might be helpful but is not really required. Instead of technical analysis, investor should have better skills in fundamental analysis because that is what will help him in maki8ng future decisions. As an investor, fundamentals really pay an important role. With technical analysis, he might be able to make short term decisions which is not really what he is looking for. Investor will always have long term goal in mind so thinking about short term profits might just hinder their decision about long term holding.

I think investor should be close with the fundamentals instead of technical analysis. Technical analysis might show him short term profits and he might end up selling his holdings just to make profits for a shorter term.

[Japinat]

If trading is into technical analysis, then hodling is into its fundamentals. Although it can still be helpful in some ways, but even if you aren't good at it, holding will still be successful as long as you know what type of investment you are entering and you have all the patience to make your investment lasts longer.

In fact, even newbies can still be good holders, as long as they never get easily bothered with their emotions and stick to their goal why they are holding in the first place, regardless of what is happening in the market.

[programmer3666]

i don't think that is the case!! for sure technical analysis can help someone understand price movements better, but it sure doesn’t automatically make them a better holder in fact!! the thing is that many people who trade end up overthinking the charts and panic selling more than long term holders. because a true holder usually relies on personal conviction, fundamentals and long term perspective. a trader relies on signals, trends and timing so sometimes that helps them stay calm but other times it makes them react too quickly when the market start to go against them

[Maslate]

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. 

Yes, its better to be quite knowledgeable than to have no knowledge at all. However, I don't think that's the topmost priority when hodling. What holders should know are just the basics and the fundamentals why they have to stick to their investment. Consistency and discipline should also be present, and most of all, being calm and patient not to get affected with every market flaws and lapses. Simply put, holding requires diamond hands to ensure safekeeping of their investments no matter what.

[Rufsilf]

It can be possible but not a requirement though. You can always invest and hold and be good at it just by knowing even the basics in hodling, and by being persistent on DCAing with bitcoin regardless of its current price. The fact that even newbies can jump into buying and hodling and become profitable on it signifies that there's no technical analysis needed, although it can be of use in the future whenever you decide to enter trading as well.

[Powerjumboo]

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?

When a person has the knowledge of technical analysis, that person cannot be a long-term and good holder. When a person with technical knowledge looks at the market, he will not be able to hold his investment in the market volatility all the time, he will want to sell or he will become a short-term trader because his general technical knowledge will not let him hold it and will force him to sell every time the market fluctuates. But when a person does not have technical knowledge and he cannot analyze the market well, that person will definitely be able to hold his investment because he does not have technical knowledge, he cannot analyze the market well, due to which he will be forced to become a long-term good holder.

[Aanuoluwatofunmi]

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 all traders knows more better than investors, everyone only chooses to go for the aspect that they see is more profitable for them, some investors can even perform more better than some traders, wr should also know that investment deals with a long time plan, while trading a short time investment on currencies with their pairs, whereby everyone go for what they want.

[ancafe]

It can be possible but not a requirement though. You can always invest and hold and be good at it just by knowing even the basics in hodling, and by being persistent on DCAing with bitcoin regardless of its current price. The fact that even newbies can jump into buying and hodling and become profitable on it signifies that there's no technical analysis needed, although it can be of use in the future whenever you decide to enter trading as well.

Technical analysis may not be necessary for investing, as people typically use it when trading, such as reading line charts or candlestick charts to see how prices can change so quickly. However, some people may also use it for investing, as understanding Bitcoin's direction makes it easier to prepare for larger purchases, such as the decline seen in recent days. If people were able to read technical analysis, they might have bought large amounts of Bitcoin during the current downturn because they were better prepared.

If you don't want the hassle and don't have extensive knowledge, buying using the DCA method and holding your Bitcoin is more than enough, and the most important thing is not to panic. Having good knowledge will make it easier for someone to get involved in investment and trading so that it can be quite useful for those of us who are in the investment and trading in bitcoin.

[rat03gopoh]

Not really. Being able to read fundamental factors is actually better, as it doesn't just predict one market sector. This can also build independence from getting caught up in market panic, FUD, FOMO, etc. It's so difficult to get any information that's truly relevant to the market these days. Some have to subscribe to expensive news portals to get up-to-date notifications.

[shield132]

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?

I don't have a knowledge of technical analysis, I don't even consider this but I would call myself a very good holder because I learnt from my mistakes that I made in trading and keep in mind that I'm into Bitcoin since 2016. The first year when I became a good holder was 2017-2018. In 2016 my parents suggested me to sell my Bitcoins and hold USD, which I did and then when I saw how price went from $600 to $20K, I realised what a huge mistake I had made and I swore that I would hold Bitcoin until the next halving. In 2020 I made a great profit from trading but in 2021, I made a mistake again and almost lost everything. Then I decided to work on myself, on my mentality and on my patience and since that day, I'm doing very well with almost zero stress. Not the knowledge of technical analysis but the fear of losing for the third time in life made me a good holder.

[tvplus006]

...Not the knowledge of technical analysis but the fear of losing for the third time in life made me a good holder.

The mistake of many investors is to try to sell bitcoin in order to later buy it at a discounted price. And subsequently, when the price drops, they are afraid to buy back bitcoin and do so only after the price starts to rise again.

[justdimin]

Essentially, anything is possible only when you have knowledge. Simply put, knowledge is like a bridge that allows you to reach your desired goal, and this applies to everything.

In trading or investing, technical analysis is clearly crucial, as every decision must be based on knowledge. You may have heard people say that in trading or investing, the more knowledge you have, the closer you are to success. This is true, because when you have a lot of knowledge, every decision you make is more likely to generate profits.

Educating yourself and having full knowledge on how the market works takes years to master, but takes a year to reach to an "enough" level. How many people who are trading today spent a year on learning how to be a good trader?

I can guarantee you that it's less than ten percent, which is the reason why over half of people who trade lose money, and the ones who did study end up taking their money every single time. It's basically a way for people who are willing to study to get richer, to take money from people who are lazy to study, it's as simple as that. Homework and test results at school didn't feel enough, so these smart workers take money from the lazy students who want a quick shortcut to get rich only to lose their money.

[landheer]

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?

I'm not sure if investors like bitcoin hodlers lack knowledge of technical analysis. In fact, I think the opposite is true. Those who have been investing in bitcoin for a long time are actually quite good at technical analysis. This is because they have decided to hold on to their bitcoin for the long term after completing their analysis before making a decision. The aspects they definitely consider are various aspects of analysis, starting from technical and also fundamental analysis.

So, in my opinion, having mature technical analysis knowledge will indeed make someone much better in every step they take, including in deciding to invest in bitcoin. Because they invest based on mature analysis. So they can become strong holders.

This is different from those who invest simply because they are carried away by trends or similar factors. Usually, they will not be strong enough to withstand a bearish market and will give up in a bearish market. They will return in a bullish market while complaining that they sold their Bitcoin in a bearish market.

[jcojci]

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 all traders knows more better than investors, everyone only chooses to go for the aspect that they see is more profitable for them, some investors can even perform more better than some traders, wr should also know that investment deals with a long time plan, while trading a short time investment on currencies with their pairs, whereby everyone go for what they want.

If investors can gain more knowledge especially about trading, they don't have to worry about fluctuations. They can follow their investment plan calmly and even they can buy back more if the price is down.

They can enter to trade and analyze the market so they can make a profit from trading. That will be investment things for them because they invest in themselves by learning technical analysis so they can trade better while they are an investor.

[puloweh555]

...Not the knowledge of technical analysis but the fear of losing for the third time in life made me a good holder.

The mistake of many investors is to try to sell bitcoin in order to later buy it at a discounted price. And subsequently, when the price drops, they are afraid to buy back bitcoin and do so only after the price starts to rise again.

This is a common occurrence for many novice investors, and I sometimes experience the same thing. I believe this is the importance of technical analysis and good emotional control, so that we can make decisions without hesitation. When we observe the market especially when prices are falling we often experience excessive fear and we often decide to sell in the hope of buying at a lower price. However without sound technical analysis instead of buying at a low price we buy again when the price rises.

I believe mastering good technical analysis is crucial for making the right decisions at the right time, and it will also give us confidence in holding our assets for the long term.

[Hamza2424]

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 are right but in your dictionary, a person who is holder knows nothing, they don't acquire any technical knowledge, you think they are dumb, they just invest and sit tight until they make profit, do you think a person can be that dumb, like there are some but do you think a holder can be that dumb really?

Haha, bro holders also know technical analysis, but they don't need to spend a lot of time on market daily, they don't have to know more than few tools to analyze the market like day traders have to, and to keep their patience consistent so it won't fades away in few months when they see small profit or huge lose, so they have to do their analysis to make some money.