Topic: Best time to buy alts- on the up or on the down? (Read 296 times)
I think that the best way is to hold btc and not alt. this is obvious as it is the most powerful coin. To my mind, the best coin is the one that is worth much. I like btc and ether now as they are the best
Not Verge alone, so many others in it's level, higher and below. Thou, many of them are still struggling real hard, I believe they will all come out stronger than ever before once this hard times are behind us.
It should be bought when the altcoins are down, that way you are buying the coins for the cheapest possible prices which you can then hold and wait for the prices of the coins to go back up before you can sell the coins for a good profit. Buying when the prices are already going up is just you fomoing money into the market and that is never a good strategy to use.
Any trader professional of classical financial markets will say that you should not risk too much with your money
On down it is easier, because you can afford more, but anyway, when they just started to grow a little, you can be more confident in that it will be growing in the future as well.
To buy any coin even BTC notbjust altcoin is when the market is paralized and value of such token is down. So if a pump occurs you can make a reasonable anout of profite from the trade.
Bet time to buy is when the market is down. It is not down for good, so I consider this the best time for investments, before it starts to recover
I don't know how much you have to invest but one thing is certain nobody is sure of where the bottom is, the main thing to do is to do a Dollar costing average, it has been proven to work. I believe we are in a buying market and would be hard to go lower than 50% of the current market but we have huge upside to go now
I believe that the best time to buy altcoyins, as well as any other coins, is the market decline. Bought at a lower market, and then just hold it.
Bitcoin price is so unpredictable this time bitcoin move down and the whole market is going the dark again but the main thing is to understand if you buy right now and again bitcoin price go the down than these altcoins go more down and if again bitcoin repeat this thing than everything will put in loss so the main thing is to understand the bitcoin movement go to the news coming news and their effects on price and after that take any decision.
Buying the spike had always hurt me in the past. Much better to buy during accumulation phase.
the best time to buy currency at the bottom, sell not top.
THis is a simple invest and trading decision, you buy low and sell high, there is no other way around it, what most people do is to buy the hype and they get crushed because they fail to do any technical analysis to help them
In my opinion, the good time when it's worth buying altcoins is just after significant move up in bitcoin. BTC is real benchmark that determine the price path of other crypto currencies.
Recent price movement can't predict future movement. If it could, people would buy and sell based on that information (in fact they'd write software do it), which would make it impossible to keep doing it because the information would almost immediately be factored into the current price.
Speaking from my experience, the best time to buy an altcoin is when it is in its bottom price after a huge meltdown. This ensures that you bought at the (possible) cheapest price it could be. Take note that this is very hard to do as you need some analysis to come up with the bottom price of a certain altcoin. And when you catch this bottom price, you'll get the best profit that you could have out of it if it traces up again.
I also wanted to point out that you could profit when you ride on a rising price of an altcoin but just be careful when trying to do such thing. There's a high chance that you could buy the top of it and you'll be in a loss when it consolidates. Experience plays a big part in this type of trading technique so acquiring all the experience that you could get is very essential.
I also wanted to point out that you could profit when you ride on a rising price of an altcoin but just be careful when trying to do such thing. There's a high chance that you could buy the top of it and you'll be in a loss when it consolidates. Experience plays a big part in this type of trading technique so acquiring all the experience that you could get is very essential.
If there was a provably correct specific answer then the game would be over.
Too many factors unknown especially here in wild west crypto where nothing is as it appears.
Too many factors unknown especially here in wild west crypto where nothing is as it appears.
The books will tell you to buy when price are going up and sell when they are going down.
But no rule actually works in real life scenario as you don't know whether the falling coin would bounce back or remain dead and you don't know when a rising coin would crash to accommodate market correction.
But no rule actually works in real life scenario as you don't know whether the falling coin would bounce back or remain dead and you don't know when a rising coin would crash to accommodate market correction.
For some case , the trader have a method for buying alt when the price up. But there's condition to do that. Buy when alt up can be do if the price are stable and you are using a MACD or EMA indicator. Every trader have many method to got profit.
I look at the coin closely. If it's a coin a believe in, then I will buy no matter what. If it drops, I will buy even more. I do not invest just because I see it soars. I do research first. I can't put my money if I don't know what I put them in
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