This is what everyone knows. But to do this is not easy. You need to have the knowledge and grasp the psychology of the investor you can make a lot of profits.
The current market price of Bitcoin has declined today and I do not think so to sell in the current market because it may hurt you or you may have a small profit here but this is something out of mind if you sell for small profit. You can think for a decision to buy more at this stage as Bitcoin has shown its availability on low price and you will get it cheap as compared to its own average price it is in its cheaper stage.
Topic: Buy low sell high? - page 6. (Read 5017 times)
You are lucky when you buy at low prices and you buy at higher prices so you will earn a profit from your trading altcoin prices.
Nice strategy buying lows and selling highs. However, you need to have a strategy at least to understand where lows and highs are, support and resistance levels at least and work with multiple TFs in order to seehow the price is moving withing different time periods. This is a bit harder than just buying dips and selling highs:)
At times, when the price is low, it fluctuates a lot and this bothers the investors because they always prefer to invest in an asset that has a stable market price.Keeping aside the stability and price of Bitcoin and other coins, it is a good strategy to invest when they have low price because this strategy rise the margin of profit that could be earned in the course of business. Keeping it a long term proves a lot better than the short term.
Stable market price? Well, I think those investors are better to buy major fiat currency pairs like EUR/USD or GBP/USD as they are of high liquidity and have less volatility for those reasons. Forex market's turnover is higher than 5 trln USD per day. Cryptomarket's turnover is much lower. So we need to pay attention to this and hold this idea in our minds before taking any further step.
Buying low is a job that requires anyone to analyze extremely high, careful and may be one of the key points for us to make a profit in this market.
Agree with you, but this strategy has also biggest risks as well. I mean after the low may be another low. Some traders catch corrections trying to buy low but the price develops the downtrend. That's the point.
This is what everyone knows. But to do this is not easy. You need to have the knowledge and grasp the psychology of the investor you can make a lot of profits.
The current market price of Bitcoin has declined today and I do not think so to sell in the current market because it may hurt you or you may have a small profit here but this is something out of mind if you sell for small profit. You can think for a decision to buy more at this stage as Bitcoin has shown its availability on low price and you will get it cheap as compared to its own average price it is in its cheaper stage.
I only know INDODAX to convert BTC to another currency, it really helped me to trade in local market, maybe Coinbene can be used to convert BTC to dollars
Nice strategy buying lows and selling highs. However, you need to have a strategy at least to understand where lows and highs are, support and resistance levels at least and work with multiple TFs in order to seehow the price is moving withing different time periods. This is a bit harder than just buying dips and selling highs:)
At times, when the price is low, it fluctuates a lot and this bothers the investors because they always prefer to invest in an asset that has a stable market price.Keeping aside the stability and price of Bitcoin and other coins, it is a good strategy to invest when they have low price because this strategy rise the margin of profit that could be earned in the course of business. Keeping it a long term proves a lot better than the short term.
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!
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!
There are local exchanges like here in my country that can instantly convert fiat to btc or btc to fiat but unfortunately I cannot take full benefit from that. I need a huge money to make it work and my total btc holdings are less than BTC.30 so to be able to gain much more profit on that buy and sell game, I'll be needing at least 2 btc.
0.3BTC is barely enough
Go to decent Crypto exchanges like Bitfinex, Binance, Bittrex etc... and transfer your BTC
Trade with them, check also with other alts
you might get decent returns, or lose your capital
Trading skills will basically apply though
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!
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!
There are local exchanges like here in my country that can instantly convert fiat to btc or btc to fiat but unfortunately I cannot take full benefit from that. I need a huge money to make it work and my total btc holdings are less than BTC.30 so to be able to gain much more profit on that buy and sell game, I'll be needing at least 2 btc.
yes it is fact when coin price is low you should buy that time and when coin price is high, that time you can sell, then you will get more profit this is apply for all traders.
You try to make it sound easy but anyone that has tried to trade in this market knows that it's really difficult to guess when is the right moment to buy or to sell, if you have some experience it is possible to tell where is the perfect entry point to the market but it doesn't matter how much experience you have it is very difficult to predict where is the perfect exit point. 
talking about buying cheap selling expensive is very easy, but realizing it is not as easy as it is talked about. we must know the state of the market, the news, etc.
When I was a beginner, it also seemed to me to be something very easy. really, what can be difficult in understanding that you should follow it? In reality, this activity needs more experience. You should work out your own scheme.
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!
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!
That's actually the best strategy that we could do. It might be simple but it's always worth it if we'll only know how to cope up and deal with the possible changes in crypto. Buying at low and selling at high could give us a good profit in time. Now is also the best time to buy and sell when the bull market comes.
this words always in my mind. someone told me this once that inorder to gain from volatility of cryptocurrency only these four words must be in my mind... even though its very hard to achieve this words but patience is always the key for success.
Absolutely, but in fact that is one of the key as well to buy at low price and sell at high price but the market is really unpredictable sometimes that is why, but we should not lose our hope when time comes that the price of bitcoin and other coins dumped. 
I am utilizing binance as well as kucoin more recently marketplace is certainly going dow this is exactly why We began to purchase bitcoin as well as ethereum from inexpensive cost as well as In my opinion which i may generate lots of make money from purchasing bitcoin as well as ethereum from inexpensive cost.
this words always in my mind. someone told me this once that inorder to gain from volatility of cryptocurrency only these four words must be in my mind... even though its very hard to achieve this words but patience is always the key for success.
when looking for the right time I think now is the right time to buy, we know that the prices of bitcoin and ethereum are falling far from their prices and that is the best opportunity to just be patient and keep holding it will benefit
Buying the dip at this moment of time and sell in a higher stop limit with discipline and emotional intelligence. Or else, sell after hodling till the price spike which need patience.
Everybody is trading for some profit or you can say he tries to get some profit, in my opinion traders have to keep in mind some suggestion.
First of all they have to patient, secondly follow this formula that you buy always in dump & sell in pump.
First of all they have to patient, secondly follow this formula that you buy always in dump & sell in pump.
Falling and rising prices's the nature of the market forever it will happen continuously and endlessly. "Buy low sell high" is the strategy most widely used by investors in gaining profit. So do not be surprised if there are 'pros and cons' opinions in expressing their hopes, for example when we expect bullrun, surely there are always people who expect the bear market to occur.
Now is the right time to buy Bitcoin at a cheap price.
I am also sure if the future of Bitcoin prices will experience a price increase that can make the price of coins rise.
Who can change the price of Bitcoin is Bitcoin itself.
By making lots of purchases, Bitcoin will make Bitcoin have a high price value.
I am also sure if the future of Bitcoin prices will experience a price increase that can make the price of coins rise.
Who can change the price of Bitcoin is Bitcoin itself.
By making lots of purchases, Bitcoin will make Bitcoin have a high price value.
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