For newbies, don't try other cryptocurrencies, just focus on investing in Bitcoin. I'm sure we can make a profit if we are patient,
therefore from that buying low and selling high will not work if we do not have patience. Because indeed the key to successful
investing in Bitcoin is patience. So when we buy Bitcoin the price goes down, don't panic by selling the Bitcoin loss that we have.
My advice is to buy more Bitcoin every time the price goes down, so when the Bitcoin price goes up, we can get double profit.
Topic: buy low sell high? (I'm a noob) (Read 596 times)
Start with bitcoin. It's always the safest option for the newbies who are trying to test the waters of cryptocurrencies.
You will never go wrong with bitcoin. Before you test other cryptocurrencies and mostly those that you have never heard of, try first bitcoin.
Many people in this industry might started with Bitcoin as an investment more than those who are have started in altcoins and ICO projects, I think. I do want to also recommend this, then look for what would suit you well, whether it is long term or short term holding. You will never go wrong with bitcoin. Before you test other cryptocurrencies and mostly those that you have never heard of, try first bitcoin.
In such way you would be able to diversify your investment to generate more profit if ever. There are cryptos which would be profitable in short term investment and also for long term. Deep market analysis is therefore needed. You don't have to rely to other people's opinion and you better not. Go with what you think will be best for your investment, that's your capital in the first place. This will avoid further regrets with your decision and if you will be wrong at first, then do not be too hard to yourself and use what you will learn to grow.
Go short term but secure the long term.
Obviously it's the best tactic ever - buy low sell high. But I think u will have some troubles with this idea, for example if u don't have much knowledge you will lose all of you money (some time ago it was my problem too) So you can always improve yourself and get new knowledge about cryptocurrency. Good luck!
Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Thanks in advance!
Thanks in advance!
Buying low and selling high is basically what any successful trading entails. To make a profit in crypto trading, any trading at that, one's selling price should always be higher than the cost price.
Trading crypto, however, is much more technical than just buying low and selling high. One needs to have all the necessary knowledge and skills required for trading. One should be able to analyze the market successfully using fundamental and technical analysis. One should be able to master one's emotion when trading and not give in to fear and anxiety.
Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Thanks in advance!
Thanks in advance!
See I understand in cryptocurrency transactions or business,that's its something a beginners will follow with precautions and diplomacy before adventuring into because forcing your self into it, it will equally leads to a serious disadvantages because of its rules and regulations of cryptocurrency especially bitcoin market.
Yeah it's likely advisable to to purchased cryptocurrency at lower rate but not expected always to sell at higher rate, because not every time we purchase bitcoin at lower rate and sell at higher rate,you might think that immediately you purchase when there's decrease in market you have make profit it likely continuously decreasing, so it depends on the market reading.
People are trying to time the market and part of the market price is based on people reading trading charts and looking at moving averages while others are basing prices on external factors like Paypal allowing BTC purchase through their website. The two sources are incongruous and have no real bearing on each other.
You should just set an auto-buy routine that purchases a small amount each month that you can afford. Say you're willing to skip 4 $13 meals a month - save that $52 dollars each month and set it to auto-buy BTC on the 15th or something. It would have bought some BTC when it was $3k, it would have bought some at $6k and also $13k. The point is you would own some and have no regrets about the timing. If you're paralyzed with fear about timing the market then owning crypto is not helping you (at least not mentally).
You should just set an auto-buy routine that purchases a small amount each month that you can afford. Say you're willing to skip 4 $13 meals a month - save that $52 dollars each month and set it to auto-buy BTC on the 15th or something. It would have bought some BTC when it was $3k, it would have bought some at $6k and also $13k. The point is you would own some and have no regrets about the timing. If you're paralyzed with fear about timing the market then owning crypto is not helping you (at least not mentally).
I learnt a different approach to the buy low and selling high that we talk about, I found trading at this stage not safe if it involves stable coin. At the moment altcoins are dumping really hard with bitcoin's pump, so my buying low has always been with bitcoin value and sell at high bitcoin value, although ethereum can be option for Defi. Bitcoin and Ethereum are the safest to lead the pump, bitcoin still retain the SoV in this market. At the height of the bull we will consider the stable coin for bitcoin and Ethereum.
Well, it's kind of natural that buy low and sell high doesn't quite work with stable coins. But people usually trade with volatile coins, they are the best chance to make some profit especially with day trading on highly volatile coins.
So, if we talk about Bitcoin then buy low and sell high would be a must but it also takes patience, ability to predict and handle risk. Trading can't be defined as simple rules that you stick to and make success easily.
Firstly, you should know that bitcoin is created as a currency (a means of payment). Secondly, if you intend to hodl bitcoin then you should understand the losses that may be involved. Finally, a little amount of money may either bring s loss or s very little interest for short term hodling.
Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Thanks in advance!
No one can answer out this question because everyone is been doing it but we know that moving prices arent predictable which means theres no way for you to know on when it would rise and when it would dumpThanks in advance!
which means its pointless for you to ask out the community yet we are all speculators on here. Buy low and sell high might really be that a very basic thing to be done but when you are already on the middle of that
situation then you'll surely have a hard time on making it. This is why analysis and knowledge towards market and its movement will be always recommended for you to be sustainable into this
unpredictable market.Lots had failed but you can eventually learn it along the way.
Buying low and selling high must be the easiest advice we can give to anyone who wants to learn crypto trading LOL despite it being easy as we think of it the market can easily fuck that up, with speculation as its core people could just make anything they want with the price leaving every low buyer in awe if it dumps. I'll add hold, so it should be buy low, strong hold and sell high.
It's definitely not as easy as you think op. You mentioned that you studied the crypto world for a while which means you must be aware of the volatility of the cryptocurrency market which is why you must invest only what you're willing to lose.
The whole buying low and selling high strategy literally applies to every cryptocurrency out there just like stocks etc, but I choose to stick to stablecoins primarily since they stay close to a particular price point.
You gain very small profits by trading stablecoins, but the accumulated profit over time can be tremendous depending on your research and execution.
The whole buying low and selling high strategy literally applies to every cryptocurrency out there just like stocks etc, but I choose to stick to stablecoins primarily since they stay close to a particular price point.
You gain very small profits by trading stablecoins, but the accumulated profit over time can be tremendous depending on your research and execution.
Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Thanks in advance!
Buying some bitcoin is the safest choice right now for beginner like you. There is no doubt that bitcoin is currently toward its new peak and people tent to accumulate for a past few months. The contemporary price of bitcoin is $13000 and you will lose about %20 if bitcoin fall to $10000. It is an acceptable risk since bitcoin is predicted to be $20000 and higher. You can double your capital if everything goes well. From my own point of view, Bitcoin has a great chance to hit $30000 in the next 2 years. It has spent such a long amount of time being amassed by investors and sharks.Thanks in advance!
If you still want a better choice which can give you an astounding profit, ethereum and xrp are never a bad choice. They have such awesome technologies, they are in the top 5 coins and they are always pumped for at least 3 times in a uptrend wave.
My advice is you should learn more about the market while holding such well-known. Having knowledge in this field gives you more chance in making money. You will have your own perception about the overall painting of the crypto world and surely you will become confident with your investment
I took in an alternate way to deal with the purchase low and selling high that we talk about, I discovered exchanging at this stage undependable in the event that it includes a steady coin. Right now altcoins are unloading truly hard with bitcoin's siphon, so my purchasing low has consistently been with bitcoin worth and sells at high bitcoin esteem, despite the fact that ethereum can be a possibility for Defi. Bitcoin and Ethereum are the most secure to lead the siphon, bitcoin still hold the SoV in this market. At the tallness of the bull, we will consider the steady coin for bitcoin and Ethereum.
I learnt a different approach to the buy low and selling high that we talk about, I found trading at this stage not safe if it involves stable coin. At the moment altcoins are dumping really hard with bitcoin's pump, so my buying low has always been with bitcoin value and sell at high bitcoin value, although ethereum can be option for Defi. Bitcoin and Ethereum are the safest to lead the pump, bitcoin still retain the SoV in this market. At the height of the bull we will consider the stable coin for bitcoin and Ethereum.
Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Thanks in advance!
Thanks in advance!
I think just try one kind of coin to buy and sell first , then study the market, the movement of the graph and the price change. Buy low , sell high is easy to think about but difficult when you do because you don't when the price drop and when it will rise. Try bitcoin first before trying other coins.
Buy low, sell high using Bitcoin or Ethereum is the best idea but you need a lot of patience.
Buy low and sell high. This sound easy for anyone to do even if they are new to bitcoin but are you sure it will be easy to do?There are circumstance where more bitcoins can be bought with a higher profit potential but one must have courage and patience.
- When the price dump.
- When the price pump.
Its usually just the BTC/USDT. There is no other pair that will spike and drop which you can substantially gain amount of USD as long as you have enough capital for this spot market.
Its not really this easy when they say buy low, sell high. You still need to learn a how to read the chart. Right now the price seem to have hit the highest peak in the current range. You might have to wait for the dip again.
Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Thanks in advance!
Thanks in advance!
Buy low, sell high using Bitcoin or Ethereum is the best idea but you need a lot of patience. Also Bitcoin and ethereum is already valuable and trusted digital curreny. But if you want to try other coins, then choose the good one in the market and be ready to take the risk.
I suggest buying Bitcoin because recently the price has continued to increase. I am sure you will benefit if you buy a large amount of bitcoin.
there are some altcoins that have also increased, but I would rather recommend investing in Bitcoin at this time because people know more about bitcoin than altcoins.
there are some altcoins that have also increased, but I would rather recommend investing in Bitcoin at this time because people know more about bitcoin than altcoins.
Is it advisable or reasonable to set a price point where you sell the coin? In my opinion, it can be dangerous because the target might not be reached because of out of control market elements or the target might come late.
there is a good solution for that and that is selling step by step instead of only selling once in one order. for example you expect price to reach $100 then you sell 40% on $90 and another 40% on $100 and the remaining 20% on $110. meanwhile you set some automatic orders to sell if the price reached $90 and dumped down to <$80 to not get caught.
Jump to: