Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Master107 on March 19, 2021, 03:33:41 PM
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Because of the word success, win, and profit there are a lot of us are in the same place to work hard and grab the opportunity that we think good enough and could give us a bright future. But sometimes instead to deal crypto life/ altcoins base on fundamental knowledge. We deal it by guts or emotional impulsive state of decision which is more risky than deal it with knowledge.
If possible always prioritize knowledge over guts not guts over knowledge.
How about you, how you deal crypto? Did you experienced regretful moments because of guts instead of knowledge?
You can share your ideas ;)
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It is always best to have both fundamental and technical knowledge of whatever coin or token one just to invest in in the crypto market, this is why I personally don't have a favorite crypto or favorite project as some people like to call it, it is never advisable to involve emotions or feelings when It comes to investment cus you emotions can sometimes lead one into investing in the wrong coin or project, never invest in a project because your best friend did invest in that project cus your best friend might be wrong, so always have a good knowledge of the market you are investing your money in.
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Knowledge is good in every thing you are doing especially when it comes to Cryptocurrency trading or investment because many of us have made worst mistakes in cryptocurrency investment because we involve too much emotions in our investment in cryptocurrency project maybe the way the project was presented we just jump into it without first of all study the project very well before investment so knowledge is the key factor here.
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courage over decision making. If you do not dare to act then there will be no profit or even loss. And it takes knowledge for all that.
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Most likely, both flair and knowledge are important, because with a flair you can lose a lot, but if you have knowledge and flair, then the chance that you will earn a lot of money is much higher
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Years ago (quite a few), a car or car tire ad said "power without control is useless", I think something similar could apply in crypto. Without knowing those guts will not help us in anything, or at most, they will help us to lose our funds. Personally, I prefer knowledge and patience, which in crypto can give good results, although the benefit to be obtained is less.
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To be honest, I have been in crypto for three years, but still have not learned how to trade and invest correctly. It really takes good knowledge and a lot of practice.
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Ordinary guys like me tend to be following the guts over knowledge and this is actually a formula for disaster because we are allowing emotions to be ruling the day rather than letting facts and verified information be the guiding light. Unfortunately, we are awash with information these days that we are not sure which can be the facts, which are mixed with lies, which are just hypes and which are outright lies. We are experiencing information overload everyday.
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Appreciated your posts guys.
Overall knowledge and patience is necessary to anticipate the emotional impulsive reaction. There are always hype, but if possible do not deal it too much personal. Crypto is not always win or always loss. Crypto is a place where we can experience both. Take heart and practice the knowledge base to deal your crypto life.
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Knowledge is a major factor in trading and investing in cryptocurrency. Because investing without good knowledge, relying solely on emotion and courage will definitely suffer losses. Do a lot of seeking knowledge about the market before you trade and invest.
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I tried regret many times and it was year 2017 which I started knowing crypto. I had a lot of tokens on that time some of it were got on exchange and had a enough value but I didn't yet sell due to greediness ;D , But know I learned from my failure. I won't let it happen again.
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I believe that there is no clear definition of what is more important, because equally a trader must have their knowledge and the corresponding instinct, which primarily develops through experience. for a good result in cryptocurrency trading, you need to have all the necessary qualities, they are somehow separate.
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This year is a full of regretting for me as everytime any altcoins are pumping, even some shits are started to pump. Because of greediness, i almost miss the rocket of 10x on some projects, but happy to get enough profits without any kind of losses. So, it's better to go with the proper knowledge instead of having gut feelings. Crypto market is teaching us every now and then and happy to learn more of it.
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@Tristanerus
It wasn't greediness to wait for further increase. However, you are required to watch the next movement if the TA is correct or mistake. Guts is the next to act to sell immediately to anticipate more losses.
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Intuition and foresight of the direction of the price movement of our cryptocurrency is of great importance. However, they can only help for a short time. Further, knowledge, both general about the market as a whole, and specific knowledge about the cryptocurrency we are dealing with will be needed. Without this knowledge, in the future, we will also lose the profit that we received at first thanks to intuition and foresight. Therefore, it is necessary to study in any case.
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The knowledge that a trader acquires by studying charts and trading on the exchange accumulates over time and gives him a better understanding of the market and its laws. With experience, traders learn to distinguish emotion from intuition because their thinking changes.
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How about you, how you deal crypto? Did you experienced regretful moments because of guts instead of knowledge?
not just once but too many times i experienced regretful moments because i didn't do or act based on my knowledge but i ac based on the guts and the greed and at the end i just get lost a big part of my capital,thats sad but its still a lesson that everyone should learn
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@iloveyobit sooner or later we all go through it. And personally I think it's partly okay for that to happen to us, so we put our feet back on the ground and stop to think about greed. It's certainly a difficult lesson to learn as our pride suffers too, but it served me a lot and I appreciate it now, even though it gave me trouble a long time ago.
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How about you, how you deal crypto? Did you experienced regretful moments because of guts instead of knowledge?
not just once but too many times i experienced regretful moments because i didn't do or act based on my knowledge but i ac based on the guts and the greed and at the end i just get lost a big part of my capital,thats sad but its still a lesson that everyone should learn
We are always in adjustment period once we missed the opportunity. I understand you mate. Actually, we are not bad, we just want to earn. However, sometimes we missed and sometimes we succeed. Crypto life.
And personally I think it's partly okay for that to happen to us, so we put our feet back on the ground and stop to think about greed. It's certainly a difficult lesson to learn as our pride suffers too, but it served me a lot and I appreciate it now, even though it gave me trouble a long time ago.
Then, we learn how the application of let go, contentment, adjustment, and go on.
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You must have more courage to work in cryptocurrency. If you do not have the courage to invest in something or do not have the courage to take a risk then you can not benefit from working so hard to get there. To be profitable in this cryptocurrency you must take Risk. Today, those who get something good from cryptocurrency have taken a lot of big risk. And you must have more courage to take this risk.
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Luck cannot be measured or analyzed, therefore knowledge and guts will always be needed.
I don't have much of an advantage when trading but I believe everything I do will benefit from the knowledge I have, years of experience looking at market situations will make it easier for us to make decisions.
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Everything can be done with courage and courage that will be very effective to do in the future in dealing with cryptocurrency which always changes every day.
If we don't have the courage, then we can lose the moment to benefit from each, airdrop, bounty, invest or trade cryptocurrency because in every business, the courage to take action must be done right away.
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This guts must be present in cryptocurrency because otherwise everything cannot be done spontaneously.
We can take an example for trading cryptocurrency, there must be guts to buy and sell coins immediately, if not done then all the coins traded will suffer losses and that is the effect of guts.
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Everything can be done with courage and courage that will be very effective to do in the future in dealing with cryptocurrency which always changes every day......
This guts must be present in cryptocurrency.....
I agree. ;)
Strong guts is courage a to response to what is the need at the current condition. Of course, it must be done with extra careful and TA not to messed the opportunity.
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I cryptocurrencies market, knowledge and courage is the best important virtues . If one should enough courage but not enough knowledge but he could not success. But if anyone have enough knowledge but not courage, he could not get success. So two both virtues are need to success any trades.
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I always try to prioritize knowledge over guts but sometimes things doesn't go as expected. Knowledge is always better than guts especially when dealing with things related to money.
When i was new i also made mistakes and lost much money
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Knowledge, guts and experience will always be a consideration to do everything, it will take a little time to make a decision if you have a lot of experience, there will be no despair because every action I take always goes through some quick consideration, I will never regret it, because I think the advantage I have is only when I make a decision. We won't know how much a coin will cost in the next three to five years, so I'll make a decision based on experience.
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Intuition and making a decision based on your inner feelings can work once, well, at most twice. And you should not rely on it, because next time luck will turn away and all the accumulated investments will disappear.
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If possible always prioritize knowledge over guts not guts over knowledge.
How about you, how you deal crypto? Did you experienced regretful moments because of guts instead of knowledge?
You can share your ideas ;)
Knowledge and guts both have to be synergized and impossible to separate, I think it's useless if there is a lot of knowledge but don't have the courage. Success, winning and profit are just a bonus for the effort and hard work based on knowledge and guts.
The defeat in the crypto world is a lesson and in my opinion it is a very expensive knowledge and courage is needed here to forget about defeats and then try again with the provisions that have been obtained.
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Because of the word success, win, and profit there are a lot of us are in the same place to work hard and grab the opportunity that we think good enough and could give us a bright future. But sometimes instead to deal crypto life/ altcoins base on fundamental knowledge. We deal it by guts or emotional impulsive state of decision which is more risky than deal it with knowledge.
If possible always prioritize knowledge over guts not guts over knowledge.
How about you, how you deal crypto? Did you experienced regretful moments because of guts instead of knowledge?
You can share your ideas ;)
I believe you need both when it comes to crypto trading. You might have the knowledge and even see the right point to enter or exist the market but some times your guts is not telling you to take or make the move. I have been in a position where I feel this is the right position to enter the market and I didn't have the gut to do it while I continue to watch the market price of that asset rise and I didn't have the guts to enter but if I did have the guts at the time, I would have made some more profits so to me you need both.
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Having a good knowledge of the basics of everything is very good, as it can be profitable to what soever you plan/wish to do. The basics will make you to fully understand the principles of what you about to venture in, the goods and bad, when it is favorable or not. After having the knowledge, then we can talk of the guts, cause even with guts and no knowledge, guts will take you nowhere. With the basic knowledge and guts attached to it, then profits will be certain so as losses too, cause its vice versa, either guts to take you in for remarkable profits or remarkable losses.
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I think having knowledge about technical analysis and Fundamental methods is one of the good factors for us to gain big when we do trade in the actual exchange site platform. Because guts for me is not a basis for us to gain knowledge instead we supposed to be the ones who control the knowledge and guts of course.