Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
To be honest, I don't understand what kind of confidence we're talking about. If these traders mean to buy cryptocurrency confidently, without analyzing the market at all, then I do not agree with their point of view. I believe that cryptocurrency trading should be conducted as carefully as mine clearance in a minefield.
In my opinion i think it's not "without analyzing the market" it is about being over confident with your analysis that you don't think losing at all and you always expect to see what you predicted which is a bad thing have because yes we should be confident with our strategy or analysis but we also need to be ready about the bad things, we should have a plan b or something.