To deal crypto: Guts over knowledge or knowledge over guts

[Master107]

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

[Fivestar4everMVP]

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.

[Delgboke]

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.

[innerpumper]

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.

[Vladok]

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

[Freemind]

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.

[Andruha1993]

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.

[TomPluz]

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.

[Master107]

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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.

[Mas Bro]

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.

[Tristanerus]

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  , But know I learned from my failure. I won't let it happen again.

[Spaffin]

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.

[Review Master]

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.

[Master107]

@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.

[Fenix]

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.