Crypto Expo Europe Experts Talk: What Are The Essential Skills For Crypto Trading?

At the recent CryptoExpo Europe, industry experts shared crucial insights into the evolving world of crypto trading. The panel, titled “Understanding Crypto: Essential Skills for Tomorrow,” highlighted the strategies and mindsets necessary for success in the space. Speakers included Evan Luthra (KOL Capital), Daniel Nita (trader and YouTuber), Anthony Karakai (Global Marketing Director), and Adrian Zdunczyk (CEO at BIRB Nest).

Luck Won’t Guarantee Long-Term Gains

Evan Luthra cautioned against relying on luck: “If you have luck once, that doesn’t mean you’ll make revenue next time.” Sustainable success in crypto requires a solid strategy and a more solid risk management rather than speculative gambling.

Daniel Nita (Crypto Influencer) emphasized that “not every good project needs a token that you necessarily need to trade to make profit.” Many blockchain ventures launch tokens without real utility, which can lead to unsustainable models.

Meme Coins and the Shift in DeFi

Anthony Karakai suggested that “meme coins should be tied to revenue of their projects” to add value beyond community hype. He noted that meme coin adoption surged due to its simplicity, with platforms like TikTok making it easy for newcomers to enter the market. However, he warned against blindly following trends and stressed the need for proper education.

Daniel Nita described the current DeFi space as resembling a casino but believes the industry is evolving. He expects DeFi to shift away from speculative gambling into a more structured and stable financial market. Stablecoins, he added, offer a more reliable entry point for bridging Web2 and Web3 users. Thus, he suggested that a pivotal skill is a strong investing discipline, even if you are a newcomer to crypto.

Avoiding Common Pitfalls

Anthony Karakai pointed out that one of the biggest mistakes traders make is setting up constant notifications, which leads to stress and impulsive decisions, which usually lead to a lot of losses of regular traders and investors.

Daniel Nita stressed the importance of risk assessment: “Understanding your risk profile is key. You need to practice daily exercises: what happens if an asset moves 15% up or down?”

Evan Luthra urged traders to set financial goals, like taking profits at 20%, to avoid emotional trading and minimize risks. “If you get hacked, don’t quit. Learn from your mistakes” he advised.

Adrian Zdunczyk emphasized that many traders treat crypto like a casino, not a financial market. “If you get lucky multiple times, understand the risks. Manage emotions and anticipate them so you don’t make impulsive decisions.”

Final Takeaway: Crypto Requires Strategy and Discipline

The panelists agreed that crypto trading is the future of finance but requires a professional approach. Traders must prioritize education, risk management, and emotional discipline to thrive in this rapidly evolving industry with minimum money loss.