No, don't speculate... that is what they always tell us but FOMO aside, what's the fun if there is no emotional speculation!
I feel we as traders could be considered as speculative consumers, and if that is partly the truth wouldn't it be cool if the digital asset that we are speculating on was something we had whole ownership of?
I am building a game inspired by trading crypto, in the form of digital racehorse ownership on the blockchain. Haven't you always wanted to own your own racehorse any way?
Come over an take a glimpse, any feedback is welcome.
https://www.zed.runMake sure you follow the hype by joining our Discord chat.
https://discord.gg/sNgA5Zu There is nothing wrong with speculation, but don't just go throwing them around social media and forums, because people who are not that experienced with trading will see that and think that it is true and they go ahead and either sell or trade based on the those which will lead to losses, and that is basically what the big people and the influences do these days, they go around misleading people in an attempt of manipulate the market and change it to whatever is in their interest.
It always been part of the market where FUD and shills do circle around when the market either on bull or bearish run.Big players would tend out to make such false news to drive out the market
according to their plan.
About on not to speculate, i dont think this would possible.Why?with this kind of unpredictable market you cant really avoid not to speculate things basing on what you are seeing.
Or in short its an inevitable thing for you to do or would face up as a trader.
I dont even see anything that wrong in joining them to even speculate in any direction we want the market to go. If we are a trader, there will be a point where we will wish that the market do dip for us to buy and at that point is when we also support majority of FUD news we see in the market.
In other to increase the tempo, we have to speculate in that direction too while another point after we have successfully bought the dip we want, we also join the other set of people to speculate in favor of uptrend, it is just in a 2 way thing, but this basically works more for a short term trader and not an intraday trader, because when will a day trader have all the time to do speculation other than rely on his technical analysis.