5 errors when buying crypto currency - page 5.

AlexZHankok

member

Activity: 336

Merit: 92

Quote from: Kevin77 on February 09, 2018, 12:54:38 PM

Quote from: Granxis on February 05, 2018, 06:11:22 PM

The most important feature of crypto money is the price movements it has done in the past. Coins, which are not particularly affected by the price declines of Bitcoin, have always earned their investors.

The truth is that some coins really do have some huge community and really do not get affected much when bitcoin is having a rally. However, one cannot really know sometimes, so the best thing is to always be at alert when in a market.
Know when it is time to get out and buy back lower, know when you did not make the right call and even when you make a right call, know when to sell. At the end, for any investor or trader to be successful, knowledge is the only thing that can help them.

I agree with you. Also do not forget that knowledge comes with experience. And even having a huge amount of knowledge and experience behind our shoulders, we can make mistakes. This is normal. In any case, this market is very volatile and can bring many more surprises in the future.

AlexZHankok

member

Activity: 336

Merit: 92

Quote from: Duogembrot on February 09, 2018, 07:10:58 AM

I think it's only simple to see the graph if the price graph is too high you should not need to rush to buy because the price will definitely drop sharply and you can open buy order at low price and the key is in the patience. so what I can conclude is buy at cheap price and sell at expensive price.

Of course, so it is necessary to do. But, as a rule, beginners do not look at the charts, but buy on the HYIP.

AlexZHankok

member

Activity: 336

Merit: 92

Quote from: metenjean on February 09, 2018, 06:56:57 AM

Quote from: AlexZHankok on February 08, 2018, 06:54:45 AM

Quote from: metenjean on February 06, 2018, 02:57:11 AM

Quote from: AlexZHankok on February 05, 2018, 06:02:46 AM

-Do not buy when the market is already overbought. Wait for a rollback.
-Do not sell when everyone sells.
Here is the main message of this article. Patience is always rewarded.
No one can determine the exact point of sale or purchase. Only analysis and your assumptions.
There are plenty of information on the ICO scams on the forum.
But if necessary, I can write my own set of rules, how to analyze ICO

I dont think you got what i mean in the last post, i do agreed with your opinion about not buying ICOs when it reached a peak price and how to analyze it will be based on individual perceptions, but the one i was asking is what you said not to buy when market is already overbought and not to sell when everyone sells, how do you determine whether the market is already overbought or oversold?? BTC already had downfall since it reached $18k, and i sold all my bitcoin when it reached below $10k, and i regretted it more if i dont sold it at that time. Patience is rewarded but ignorance isnt the same as patience, perhaps trading strategies is more than rewarded in this time Grin

Maybe I did not translate your comment correctly. Sorry Cry

How do I determine the top of the market or the bottom of the market?
Deep corrections I determine from the historical graphs-the market is cyclical. Every year in January-February and July-August, he undergoes a strong correction.
Minor corrections (short positions)
1. I use the support / resistance levels of the trend line.
2. Patterns (flags, double bottom / double ceiling, head and shoulders, wedge, pendant)
3. RSI-look at the overbought / oversold zones
4. The news fund
5. The most important thing is that this analysis should be done at least two timeframes. For example 1 hour and 4 hours.

Thank you for this information, this is what i would love to hear because you really describe a strategies about how to identify a good support resistance and how to identify if the market has already reached the oversold or overebought area. I do tend to look for higher timeframe to define market trend and use lower timeframes to identify entry points and this is a great educational post that we need to look at least between 2 or more timeframe before considering an entry point Grin

You are welcome. It's always nice to receive positive feedback. Wink

Kevin77

legendary

Activity: 1652

Merit: 1057

Quote from: Granxis on February 05, 2018, 06:11:22 PM

The most important feature of crypto money is the price movements it has done in the past. Coins, which are not particularly affected by the price declines of Bitcoin, have always earned their investors.

The truth is that some coins really do have some huge community and really do not get affected much when bitcoin is having a rally. However, one cannot really know sometimes, so the best thing is to always be at alert when in a market.
Know when it is time to get out and buy back lower, know when you did not make the right call and even when you make a right call, know when to sell. At the end, for any investor or trader to be successful, knowledge is the only thing that can help them.

francedeni

full member

Activity: 560

Merit: 100

Quote from: trickyriky on February 08, 2018, 11:00:19 PM

I think mistakes #1 and #2 described here are so evident to each one, that it seems we should not talk about them. Curious, but still people are selling coins when the market is falling.

The mistakes 1&2 seems not all can follow and most mistakes from a trader. That's an error when selling coins when the market is going to go down. Buying high and selling low most error also from a trader.

AdamRay

member

Activity: 406

Merit: 10

Quote from: Layonk on February 09, 2018, 07:33:10 AM

Quote from: AlexZHankok on January 30, 2018, 07:39:03 AM

Mistake № 5. Purchase coins from scam projects.

This is the most error than can make trader loss all of money in investing money.
This should be avoid by do good researching, researching mean checking the full detail about project.

I've also had this problem quite a lot before, I often invested by referrals from others without scrutinizing each project and the consequence of it made me lose a lot of property. I advise investors to research and analyze the project carefully before deciding whether to invest or not because the money is yours and you will understand what you should do with it.

Layonk

member

Activity: 210

Merit: 10

Quote from: AlexZHankok on January 30, 2018, 07:39:03 AM

Mistake № 5. Purchase coins from scam projects.

This is the most error than can make trader loss all of money in investing money.
This should be avoid by do good researching, researching mean checking the full detail about project.

Apened

hero member

Activity: 1386

Merit: 504

Quote from: Duogembrot on February 09, 2018, 07:10:58 AM

I think it's only simple to see the graph if the price graph is too high you should not need to rush to buy because the price will definitely drop sharply and you can open buy order at low price and the key is in the patience. so what I can conclude is buy at cheap price and sell at expensive price.

It takes time hence not all can simly know when they are about to enter because we are just humans and even pro traders and trainers sometimes have a feeling of Fomo in a specific coin. I admit that im buying when the price is high and i did that 5 errors that the OP posted but one thing i always didn't forget to learn when this thing go wrong.

Duogembrot

full member

Activity: 476

Merit: 100

I think it's only simple to see the graph if the price graph is too high you should not need to rush to buy because the price will definitely drop sharply and you can open buy order at low price and the key is in the patience. so what I can conclude is buy at cheap price and sell at expensive price.

metenjean

full member

Activity: 854

Merit: 140

Quote from: AlexZHankok on February 08, 2018, 06:54:45 AM

Quote from: metenjean on February 06, 2018, 02:57:11 AM

Quote from: AlexZHankok on February 05, 2018, 06:02:46 AM

-Do not buy when the market is already overbought. Wait for a rollback.
-Do not sell when everyone sells.
Here is the main message of this article. Patience is always rewarded.
No one can determine the exact point of sale or purchase. Only analysis and your assumptions.
There are plenty of information on the ICO scams on the forum.
But if necessary, I can write my own set of rules, how to analyze ICO

I dont think you got what i mean in the last post, i do agreed with your opinion about not buying ICOs when it reached a peak price and how to analyze it will be based on individual perceptions, but the one i was asking is what you said not to buy when market is already overbought and not to sell when everyone sells, how do you determine whether the market is already overbought or oversold?? BTC already had downfall since it reached $18k, and i sold all my bitcoin when it reached below $10k, and i regretted it more if i dont sold it at that time. Patience is rewarded but ignorance isnt the same as patience, perhaps trading strategies is more than rewarded in this time Grin

Maybe I did not translate your comment correctly. Sorry Cry

How do I determine the top of the market or the bottom of the market?
Deep corrections I determine from the historical graphs-the market is cyclical. Every year in January-February and July-August, he undergoes a strong correction.
Minor corrections (short positions)
1. I use the support / resistance levels of the trend line.
2. Patterns (flags, double bottom / double ceiling, head and shoulders, wedge, pendant)
3. RSI-look at the overbought / oversold zones
4. The news fund
5. The most important thing is that this analysis should be done at least two timeframes. For example 1 hour and 4 hours.

Thank you for this information, this is what i would love to hear because you really describe a strategies about how to identify a good support resistance and how to identify if the market has already reached the oversold or overebought area. I do tend to look for higher timeframe to define market trend and use lower timeframes to identify entry points and this is a great educational post that we need to look at least between 2 or more timeframe before considering an entry point Grin

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: SparrowMano on February 05, 2018, 03:47:58 PM

It is true that most of the time we are informed too late and we tend to buy back to the top

One thing is if you are trading, and you do not know what you are doing, or necessarily do not have a strategy, then you are gambling. Trading is a different ball game and you need to be able to make right decisions for yourself which you cannot if you do not learn.

A lot of people who call themselves trader always like joining a moving train, which is a bad thing. Buy when everyone has sold out with no one to sell anymore, and there is a chance from the indicators that an uptrend is about to start on any coin. A lot of you are busy looking for information and those giving them out are pump and dump scammers, which exactly what you have described is what they do.

trickyriky

sr. member

Activity: 882

Merit: 251

I think mistakes #1 and #2 described here are so evident to each one, that it seems we should not talk about them. Curious, but still people are selling coins when the market is falling.

Zsywt1024

jr. member

Activity: 286

Merit: 8

The value is value ,Very good article
read the whitepaper
and see lots scams
increase experience

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: AlexZHankok on February 08, 2018, 06:54:45 AM

Quote from: metenjean on February 06, 2018, 02:57:11 AM

Quote from: AlexZHankok on February 05, 2018, 06:02:46 AM

-Do not buy when the market is already overbought. Wait for a rollback.
-Do not sell when everyone sells.
Here is the main message of this article. Patience is always rewarded.
No one can determine the exact point of sale or purchase. Only analysis and your assumptions.
There are plenty of information on the ICO scams on the forum.
But if necessary, I can write my own set of rules, how to analyze ICO

I dont think you got what i mean in the last post, i do agreed with your opinion about not buying ICOs when it reached a peak price and how to analyze it will be based on individual perceptions, but the one i was asking is what you said not to buy when market is already overbought and not to sell when everyone sells, how do you determine whether the market is already overbought or oversold?? BTC already had downfall since it reached $18k, and i sold all my bitcoin when it reached below $10k, and i regretted it more if i dont sold it at that time. Patience is rewarded but ignorance isnt the same as patience, perhaps trading strategies is more than rewarded in this time Grin

Maybe I did not translate your comment correctly. Sorry Cry

How do I determine the top of the market or the bottom of the market?
Deep corrections I determine from the historical graphs-the market is cyclical. Every year in January-February and July-August, he undergoes a strong correction.
Minor corrections (short positions)
1. I use the support / resistance levels of the trend line.
2. Patterns (flags, double bottom / double ceiling, head and shoulders, wedge, pendant)
3. RSI-look at the overbought / oversold zones
4. The news fund
5. The most important thing is that this analysis should be done at least two timeframes. For example 1 hour and 4 hours.

This should be remember before doing some trade especially when we are seeing some situations that really affects our emotions, learning how to analyze and know the factors where projects can possibly move, each informations are important, that's why trading needs more time to learn, being equipped by facts and not just speculations that most of
the time create wrong assessment.

yanto@1977

full member

Activity: 686

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Dart18

sr. member

Activity: 1400

Merit: 259

Sale of coins at the bottom. The most used mistake of all. Grin

They will never learn.

The idea of losing it all. They want to at least save some even for the expense of losing a lot instead of waiting if it will come back.
Lack of faith from the altcoin. Why buy at the first place? To just lose money? Are you that rich?
I guess it could never be stopped once emotions came in.

AlexZHankok

member

Activity: 336

Merit: 92

Quote from: metenjean on February 06, 2018, 02:57:11 AM

Quote from: AlexZHankok on February 05, 2018, 06:02:46 AM

-Do not buy when the market is already overbought. Wait for a rollback.
-Do not sell when everyone sells.
Here is the main message of this article. Patience is always rewarded.
No one can determine the exact point of sale or purchase. Only analysis and your assumptions.
There are plenty of information on the ICO scams on the forum.
But if necessary, I can write my own set of rules, how to analyze ICO

I dont think you got what i mean in the last post, i do agreed with your opinion about not buying ICOs when it reached a peak price and how to analyze it will be based on individual perceptions, but the one i was asking is what you said not to buy when market is already overbought and not to sell when everyone sells, how do you determine whether the market is already overbought or oversold?? BTC already had downfall since it reached $18k, and i sold all my bitcoin when it reached below $10k, and i regretted it more if i dont sold it at that time. Patience is rewarded but ignorance isnt the same as patience, perhaps trading strategies is more than rewarded in this time Grin

Maybe I did not translate your comment correctly. Sorry Cry

How do I determine the top of the market or the bottom of the market?
Deep corrections I determine from the historical graphs-the market is cyclical. Every year in January-February and July-August, he undergoes a strong correction.
Minor corrections (short positions)
1. I use the support / resistance levels of the trend line.
2. Patterns (flags, double bottom / double ceiling, head and shoulders, wedge, pendant)
3. RSI-look at the overbought / oversold zones
4. The news fund
5. The most important thing is that this analysis should be done at least two timeframes. For example 1 hour and 4 hours.

AlexZHankok

member

Activity: 336

Merit: 92

Quote from: drachman on February 05, 2018, 03:05:09 PM

Great post OP to this I will add another mistake and that is buying coins that do not have a reason to exist at all, we see any projects out there and many do not have demand or even the need to use a blockchain, so these kind of projects despite not being an outright scam are simply unneeded and are there just for the devs toe earn money and for speculators to try to get money out of people.

I completely agree with you. 90% of all projects are dummy. In the coming years, we will see profound corrections for them or they will simply disappear from the market.

metenjean

full member

Activity: 854

Merit: 140

Quote from: AlexZHankok on February 05, 2018, 06:02:46 AM

-Do not buy when the market is already overbought. Wait for a rollback.
-Do not sell when everyone sells.
Here is the main message of this article. Patience is always rewarded.
No one can determine the exact point of sale or purchase. Only analysis and your assumptions.
There are plenty of information on the ICO scams on the forum.
But if necessary, I can write my own set of rules, how to analyze ICO

I dont think you got what i mean in the last post, i do agreed with your opinion about not buying ICOs when it reached a peak price and how to analyze it will be based on individual perceptions, but the one i was asking is what you said not to buy when market is already overbought and not to sell when everyone sells, how do you determine whether the market is already overbought or oversold?? BTC already had downfall since it reached $18k, and i sold all my bitcoin when it reached below $10k, and i regretted it more if i dont sold it at that time. Patience is rewarded but ignorance isnt the same as patience, perhaps trading strategies is more than rewarded in this time Grin

Granxis

hero member

Activity: 1400

Merit: 536

The most important feature of crypto money is the price movements it has done in the past. Coins, which are not particularly affected by the price declines of Bitcoin, have always earned their investors.

Topic: 5 errors when buying crypto currency - page 5. (Read 1326 times)