Buy low sell high? - page 4. | Bitcointalksearch.org

patispace

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Quote from: _Doc_ on August 07, 2017, 12:29:41 PM

So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.

If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?

Any help is appreciated!

I must admit that at first I dared to carry out this strategy in Poloniex and Yobit, but over the years I realized that the vast majority of the altcoins in which I invested my valuable bitcoins, I must admit that at first I dared to carry out this strategy in Poloniex and Yobit, but over the years I have realized that the vast majority of the altcoins in which I invested my valuable bitcoins, thinking that with the passage of time they would grow in value, they would devalue even more instead, and many of them were abandoned to become shitcoins. Therefore, experience has indicated to me that it will never be convenient to invest your valuable bitcoins in cryptocurrencies whose destination is uncertain. In addition, the market seems to be too dependent on the behavior of bitcoin, so you can hardly find an option that offers better returns than bitcoin in the medium term.

Yatsan

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Quote from: bitcoin31 on October 13, 2018, 05:37:30 PM

I use coins.oh when the price of the bitcoin become high I convert it to my fiat and once they down again I will buy more bitcoinm my wallet I use is very useful because they have wallet for fiat and you can convert into bitcoin anytime you want and that is very useful.

Same as mine, it is directly converted into fiat to bitcoin, vice versa. This technique is a basic one that everyone should know, we should know when to sell or buy bitcoin there are given price charts on every platform. Coins.ph is a great cryptocurrency app, there is a direct conversion of cryptocurrency such as Ethereum, XRP and especially bitcoin, you can also pay bills using bitcoin on selected stores.

jonhn772

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Buy low sell high it is still very good technique for new traders. But you can't get success in trading by using this method every time. Now you need to learn fundamental analysis also.

Lmaooo

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santacoin.io

Buy low and sell high that is the old method for inexperienced traders. Buying low and selling high takes time at times. when the price of a certain coin fall e.g bitcoin - it will take time for the price to get back to where it was. imagine you bought bitcoin when the price was $15k and yet the price is $6k - when do you think the bitcoin price will get back to $15k? it will take time, a long time actually. if you want to trade and make lots of money in trading, go and learn more about it and master the art of trading, period! and stop using this old method for lazy traders.

SubZer0

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Its called Swing trading and it is beneficial if you have a fundamental understanding of technical analysis but it isn’t essential. I would be very comfortable swing trading as long as you have been paying attention to the mood of the market and the previous days/weeks of that coin your trading. If you find a coin that you know is making DEV progress, making announcements and keeping the public engaged on twitter, etc, and you see the coin in the past few months has been in an upward trend but the past week or two its taken a dip. Sometimes dips can simply be big whales cashing out followed by subsequent FUD sellers due to the sudden price dip. If you can pick up on these then that is all you need in swing trades. You just have to DYOR to make sure the price isn’t dipping for a reason. (Example: Bitconnect shutting down).

RiskySanchez

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It is a basic technique that is easy to understand for newcomers, I usually use Luno Wallet to convert my bitcoins to usd or vice versa because each wallet has their own exchange to manage it

bitcoin31

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I use coins.oh when the price of the bitcoin become high I convert it to my fiat and once they down again I will buy more bitcoinm my wallet I use is very useful because they have wallet for fiat and you can convert into bitcoin anytime you want and that is very useful.

kissme09

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This is one of the most useful tips in trading. But if you buy low you can still lose money if it continues to go down, so buy the Altcoin in the top 100 and do not buy the low Altcoin trade to avoid Altcoin that is not liquidity.

Zicasu

newbie

Activity: 21

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I personally use:
Coinbase & Binance as my main source.

My sources for trading Altcoins is a few groups which I follow carefully. they are sharing crypto picks every few days. This business is a little bit risky and you have to make sure that you are following a legit group . you can use Smartoptions platform to support your research in order to find a crypto signals group that you can actually benefit and profit with. Here you can read a detailed analysis about the TOP 10 crypto groups.

https://smartoptions.io/telegram-crypto-signals

I hope it helps.

Wall_Streeet

jr. member

Activity: 252

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now, after a while, there are many ways to save on the purchase, the more slept excitement, learn how to buy from the card directly to the account of the exchanger

gorodi

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Quote from: jessica2020 on October 09, 2018, 04:44:24 AM

Im agree with this buy low and sell high method. It is a strategic way to earn profit from your coins. You can buy coins or invest while the price is dump and sell it higher sothat your profit will come back.

This method only seems to be the simplest one. In reality, it is extremely difficult to calculate the lowest point of the crypto prices and the time where it is better to sell alts and BTC.

Bezobraznike

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Quote from: TomArayaSlaya on October 12, 2018, 04:45:47 PM

Most exchanges have conversion to usd and vice versa Just check the major ones like Yobit or Cryptopia. Whatever should suit you though

Agree, but what op suggest is a bit too expensive, before you do some trades check the fees. I know that most of
the people don`t think about it, I read about it all the time, everyone thinks that profit will cover all in the end, but
things don`t work like that all the time. Buy low and sell high is the best possible trade with maximum profit, how many
times can you hit that maximum, once in 10 trades, 100 trades, or maybe never? Better be satisfied with lower but safer
profit than to chase dreams.

TomArayaSlaya

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Most exchanges have conversion to usd and vice versa Just check the major ones like Yobit or Cryptopia. Whatever should suit you though

otundebis

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Activity: 630

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As simple as it is to understand this trading strategy, some folks consistently do sell below entry price. Buying low and sell high can be effective in raising your profit to a new level but you have to be discipline to achieve profit with this strategy.

malah

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I think, if you want to trade and get profit then you have to know the basis of trading that is buying low and selling high so that when you buy and the price has not gone up it is better to hold and wait until the price rises and you have gotten profit

Madiha

newbie

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At first you need to follow btc prices market in daily. which coin market prices doing dump and pump. dump prices coin you buy and hold, when prices can increase sale and earn profit.

kemetz

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Quote from: biletskiy on October 11, 2018, 02:27:00 PM

Quote from: jessica2020 on October 09, 2018, 04:44:24 AM

Im agree with this buy low and sell high method. It is a strategic way to earn profit from your coins. You can buy coins or invest while the price is dump and sell it higher sothat your profit will come back.

It is the easiest method but it works always. The most complicated thing here is to find the "bottom", to understand that the time when the token reached its lowest price has come.

actually not too complicated as you think because everything depends on the trading strategy that you will use. if you want to trade long-term, buy when the price is red and hold until the price can give you an advantage, the important thing is that you don't panic when prices go down because market movements continue to fluctuate and it's difficult to predict the lowest price when it goes down.

biletskiy

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Quote from: jessica2020 on October 09, 2018, 04:44:24 AM

Im agree with this buy low and sell high method. It is a strategic way to earn profit from your coins. You can buy coins or invest while the price is dump and sell it higher sothat your profit will come back.

It is the easiest method but it works always. The most complicated thing here is to find the "bottom", to understand that the time when the token reached its lowest price has come.

brightMan

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Activity: 82

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Quote from: naily on October 04, 2018, 09:46:56 PM

You can buy when the price is low and when prices fall and sell when it rises again and you must be able to do this method to be able to get a lot of profit

Buy low sell high is the rules for trading. It also depends on demand and supply. When demand is High the price will also be high and when supply is high the price will be low. You can take advantage of high supply, but in case of cryptocurrency the problem is that the supply is always low because of low mining. Due to low mining bitcoin price cannot be reduced.

zero9119

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Quote from: tailwate07 on October 09, 2018, 04:31:18 AM

Quote from: naily on October 04, 2018, 09:46:56 PM

You can buy when the price is low and when prices fall and sell when it rises again and you must be able to do this method to be able to get a lot of profit

Traders are in favor of this strategy because they look for maximum profit as a result of using low amount in the beginning in low market and then selling of it in high market will generate maximum profit. On the other hand if you buy on normal or average price you will not get benefit in terms of savings as you will get it only in low market so consider low market as the best starting market.

Investing when the market drops sharply is a great way to maximize return on financial investment but unfortunately many people do not know this or do not dare invest when the market drops too large. Many people invest only when the market has grown too much and the ability to increase very hard but reduced very high. So change your mindset to be more successful in investing.

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