Topic: Buy low, sell high (Read 517 times)

yeah simple it is but very hard to follow that is why 90% of trader fail according to survey, why because there is no exact low and exact highs in the market if you bought at a certain price then the whale will lower the price so then your low bicomes high to them hahah

Aren't there use cases for Bitcoin?
Online stores are accepting it. You can go shopping in Japan and Korea without problems. You have Bitcoin ATMs all around the world. Mining equipment is being sold for Bitcoin. There are car dealerships that accept it, like that Lamborghini dealership in the US and BMW in the UK. There are online marketplaces where you can sell your goods for Bitcoin like bitify.com and openbazaar.org. You have overstock, newegg, gyft, which basically allow you to buy anything you want through gift cards. You can add funds your amazon account with BTC. Is that enough of use cases for you?
Now it's your turn. What is XRP used for?

Yes it is very unlikely because many of the use cases listed above did not exist when Bitcoin was trading below $1000. There was a huge wave of retail adoption in 2017. Are you unaware of that?


It's still greater than it was in the middle of 2017 when the price was $3000. If we could be be steady $3000 for months before we went into a bubble stage ($5000 and above), why would we dip below now, when the popularity of Bitcoin is much higher?

There is a lot of difference between the current situation of the market and the previous one. Bull run is not possible without any investment. Many of the holders want to sell their coins but there are no buyers in the market. In this situation we can easily understand that if there is any bull run in the market it would be temporary and will return afterwards.

last year, before i started to buy bitcoin, i knew the basic in trading that buy low sell high, but after the ATH of bitcoin last year, it is hard for me to buy bitcoin, so i go to altcoins that is stating to mooning like bitcoin, but after the ATH of bitcoin and it started to drop down, my portfolio also started to cut into small, then days, weeks and months passed by, there is no progress in the market just all of them are in the dip. i am trying to be calm because my assets are losing, until now even you try to use "buy low sell high" it is not profitable. because some of them are already low and getting more lower.

last year, before i started to buy bitcoin, i knew the basic in trading that buy low sell high, but after the ATH of bitcoin last year, it is hard for me to buy bitcoin, so i go to altcoins that is stating to mooning like bitcoin, but after the ATH of bitcoin and it started to drop down, my portfolio also started to cut into small, then days, weeks and months passed by, there is no progress in the market just all of them are in the dip. i am trying to be calm because my assets are losing, until now even you try to use "buy low sell high" it is not profitable. because some of them are already low and getting more lower.

Watch it bro. We ask people to buy and they buy, now you  call them fools? What makes you think they will buy again(even at its lowest) after this insult? If Bitcoin had continued to move up from the 20,000 they bought you would probably call them smart.
Nobody is certain where the price will move to next. We are all fools in this case as far as trading and holding Crypto is concerned 

'Buy low, sell high' it's an old saying that most have heard, but few follow.

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

So what if it takes 2-3 more years to get there. Everyone who bought in 2014/15 are now so fucking happy they'll need plastic surgery to remove the smiles from their faces (which they can afford I might add, hell they can drive to the surgeon in their new car). What if it drops down further you may ask, well you keep buying, because 'buy low' is the rule, not sell low.

Sure if you think Bitcoin has no future this is not good advice, but if that's you stop wasting your time on these forums and go do something else.

Take a good look at the prices back in 2013 after the Cyprus bubble. It was this bubble that confirmed to me that Bitcoin was not going away, it gave me confidence to invest what little money I had and I am grateful for it. If the recent bubble doesn't do the same for you I don't know what will.

I have recently started buying again myself, I buy a little each payday, I recommend to anyone on the sidelines who wants to start saving in Bitcoin to do it in this fashion, it's routine, emotionless way to invest.

Buy low sell high people! Age old, simple, and proven wisdom.

PS - If you did buy high and sold low already, well time to learn from you mistakes and do the opposite.

Any coin can potentially go through that significant of a correction, and while it may not be likely that it happens to Bitcoin as well, the possibility is still there. What's Bitcoin being used for? What prevents it from correcting 90%?

Bitcoin last year peaked at $19,500 from where a 90% correction would mean a bottom of $1950. Is it really that unlikely?

Back in 2017 the price dipped slightly below the $800 mark and pumped straight to $19,500.

I'm not saying it's going to happen, I don't even expect it to happen, but I'm not discarding it either. We have to remain realistic here, there isn't much other than speculation to hold on to. Use is negligible at this point in time.

It depends on the event and the time frame. It was clear that the futures markets were the driving force behind the bull run of last year, and it's just as clear that traders like to sell news when possible, and it happened.

Another thing, which mainly applies to Bitcoin, is that it tends to correct significantly at the start of each new year. That was again a signal that people should have cashed out their profits.

Don't know how relevant tax sales really are when it comes to the crypto market in general, but that's potentially another aspect to focus on. It's sell signal on top of another signal on top of another signal.

Buy low sell high has been reason why the market move around and I think we should follow that principle in trading if we want to succeed. 

'Buy low, sell high' it's an old saying that most have heard, but few follow.

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

So what if it takes 2-3 more years to get there. Everyone who bought in 2014/15 are now so fucking happy they'll need plastic surgery to remove the smiles from their faces (which they can afford I might add, hell they can drive to the surgeon in their new car). What if it drops down further you may ask, well you keep buying, because 'buy low' is the rule, not sell low.

Sure if you think Bitcoin has no future this is not good advice, but if that's you stop wasting your time on these forums and go do something else.

Take a good look at the prices back in 2013 after the Cyprus bubble. It was this bubble that confirmed to me that Bitcoin was not going away, it gave me confidence to invest what little money I had and I am grateful for it. If the recent bubble doesn't do the same for you I don't know what will.

I have recently started buying again myself, I buy a little each payday, I recommend to anyone on the sidelines who wants to start saving in Bitcoin to do it in this fashion, it's routine, emotionless way to invest.

Buy low sell high people! Age old, simple, and proven wisdom.

PS - If you did buy high and sold low already, well time to learn from you mistakes and do the opposite.

Because XRP is an pumped bubble with no use cases. They were promising to be a link between cryptocurrency and financial institutions but made very little to really become one. People are pumping XRP because it's cheap and it's an old coin, accepted on most exchanges. But is anyone using it to really transact? People are only looking for a go to coin when Bitcoin is plummeting and that coin used to be ETH but this year ETH is not doing so good fundamentally so there's always cheap XRP.
I'm ready to bet that Bitcoin will not experience a 90% correction this time.

People quite often go wrong because they assume crypto is cheap when it has gone down with 50% in a matter of months, but don't understand that it can go down even 90% in some cases.

XRP as one of the largest coins went through a +90% correction from top to bottom.

The problem with this nice piece of advice is that you never know if you're low or high. Bitcoin at 6000 could be low, but it also could be high. Selling at 10000 could be high, but it also could be the new higher low.