Topic: buy low sell high? (I'm a noob) - page 2. (Read 596 times)

I can see where you are coming at. If I look at it with deeper understanding, it is advisable that I will focus on one coin before trying to diversify my portfolio so I have a feel and learn the ins and outs of the game without risking too much.

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.

i was expecting that your going to say buying low and selling high is for the noobs but you are the noob on here and you didnt commit the said act so far . you said you have studied crypto and you are ready but why you look like your still confuse and dont know what to do ? maybe your not really ready .  you like coins that are fast moving ? ( the one that go up and down quick ) or the slower coins ?  because both can still qualify for buying low and selling high  . just go for btc if you prefer faster play and go for the altcoins to if you think you cant handle the speed of btc  . goodluck 

No, it does not counter the advice of diversifying the portfolio because to manage many coins in our portfolio isn't easy, and that will need skills to do that. It will no problem if you have those skills, but if you don't have the skill to manage too many coins, buying bitcoin as the main investment will not be a problem.

With only having bitcoin as the investment, that means we can make a profit in the future, and it is okay to have only one coin in your portfolio. Diversifying a portfolio will be good, only if you know how to manage it.


Unfortunately, people become greedy if the price starts to rally and breaks their target price, and they will not sell at that price instead of waiting for another high price. At least, the advice for people to sell their coin, whether it's bitcoin or altcoin, is when the price can reach 2x of your bought price so that you can make a profit. But if you can accept the risk to wait for longer, you can still hold the bitcoin, but you don't have to regret if the price can't increase higher.

Yes, we should also know when to buy and when to sell because other thinks that the price is low so they buy but the coin is still in high so they lose a lot of value and need to wait for another price rise to get the value back. Everyone should know how to read the pattern of coin he is holding especially when he is a big coin holder and long time holder because they may lose a lot of value with a small mistake. A big lose may give you a big disappointment that might end you up giving up crypto currency and that is not a good thing because crypto community will lose another member. Each member in crypto community is important especially those responsible one.

To be honest no one has the answer for this, people can just predict but that's not the real solution. I agree buying low and selling high is the natural phenomena of crypto currency, but trust me it also comes under extreme risk.

No one can judge so and so coin will go over the moon, there is a proverb knowledge is wealth based on that you need to keep on researching, well this will give you an overview on how to invest and where to invest.

Yes follow what you had in your plan. I am telling you that you have a good plan there and you must stick to it. You just need to have patience in waiting for the market to fall down and may be a little bit problem because bitcoin now continue to rise up. Anyway, there will be a time that bitcoin market will going fall down and if it happen then be ready to buy on it because you might not know that it can bounce back again whenever whales invest to it. Whales means individuals or group of people wanting to invest in bitcoins with huge amount of bitcoins to be bought.

I think you should try to monitor further, such as monitoring the latest news on their social media and understanding global market news. In this way, I'm sure that you will be able to increase your profits and minimize losses.

This can be said to be a short term investment. from 2016 until now, I also did like that. Buy low and sell when above the buy price. But I suggest, if you do this, do it on coins that are really stable and strong like Bitcoin, Ethereum, Binance Coin, Polkadot etc. If you ignore this then you have to be prepared for losses.

Start with Bitcoin because its the safest asset in Crypto space, unlike pump and dump altcoins. From there, you'll learn as you go and trade. Buy and sell is a good enough knowledge all you need to know is when to long or to short depending on the price action. So i would suggest to always put some stop losses whenever the price is in uncertain position.

If you want get a profit you must buy low and sell high or you're just waste your money.



I will not be focused in a new coin or the last "hype" (... ICO, DeFi etc) but I will take a look only in bitcoin on just a couple of other "old" top 10 coins (litecoin, dash in primis).
Isn't easy build a valid portfolio, since there are many factors to look.
The best option is always have a big stake in bitcoin

Quite agree on above post; There has been too much good publicity about "Not putting all eggs in the same basket". Diversification can't mean to buy the 10 loudest noise projects (market cap) without even knowing what is all about.
In fact, if you scan internet you will find several projects in Medium blogs of people that put 1000 dollars on each of the top 10 coins in 2017, 2018, and so on. The few that are still posting results show you how lame it has been so far.
But of course past performance doesn't guarantee future performance... 

OMG, please, not again this stupid shit!

Don't do it OP, never choose an investment by market cap. Some of those high market cap coins are shitcoins with no real use. Want an example of a high cap shitcoin, read a bit about BSV.

People who will tell you to buy each of the top 10 or top 20 coins have no knowledge of the market and think that it's better to have a lot of mediocre investments than a single exceptional one.

Buying at a low price and selling at a high price this sounds easy, but in fact it is the hardest thing in all markets in general and the cryptocurrency market in particular.
Without enough knowledge and skills, you will not be able to know when to buy and when to sell.
If you love and want to trade certain currencies, it is best to make your own judgment, do not invest on anyone's advice.

Buying low and selling high is the basic trading practice of each and everyone into trading. Whether you're are noob or an expert doesn't matter with trading. Having close observation over the market will let users to select the right cryptocurrency for trading.

We've got more than 7000 cryptocurrencies and the trading pairs will count much high in number. When we prepare to buy low and sell high, we also need to make the right choice of the trading pair. For a beginner it is always good to go with stablecoins at the beginning.

In all the transactions in the different markets of the world, everyone hopes to buy low and sell high. However, it requires traders to have a lot of knowledge and skills, many investors have spent a lot of effort to be able to do it.

All currencies in the market have high volatility so you can try to buy low and sell high, the most important thing is that you can choose the exact timing of buying and selling or not.

Buy Low, Sell High it's efficient but the thing is that one must possess the real meaning virtue of Patience.
I'd recommend U to take it slow and not rush yourself into trading immediately, but rather always doing research and keeping up to date.
As for the best Exchange outthere, Id recommend Binance.com.. one of the safest Crypto xchange outhere and the most responsible. Last year Binance was hacked and hackers stole a good wealth
and yet, none of Binance users didn't lost their coins or they'r money, everything was refunded.
Other than that, it's worth mentioning that Binance's trading interface is also very useful and user-friendly, easy to work with.
If U are trying to find any professional trader who sell their works and charting setup , Id recommend U to go take a look at cryptorev.net or youtube channel [ Crypto Revolution ]
If U got money to invest and time to day-trade or make at least 3 trades per week and profit, U should def. take a look at CryptoRev. its very helpful.
I made some money from free trading set ups he gives for free on youtube daily updates, not evewn being part of the group [ VIP ]
I truly believe that guy is legit, ands his channel will only grow more. Life changing money to be made into crypto markets if one is careful and patience not rushing into stuff fast.
Good luck in your journey , and def invest on Bitcoin in long-term goal!
Take care and be careful out there

The cryptocurrency market is more difficult to speculate than other markets. They are heavily influenced by news and low trading volume, the above two factors bring high profit and high risk.
I can't say anything else because it's true. For a newcomer to be careful with your actions and getting started with Bitcoin is the best way.

I thought that you are ready for an idea as well and know what coin you have a plan to invest as you study crypto. You are right about "buying low and selling high" which is a genuine practice for all, and it is really effective. What I can suggest for you is to focus only for Bitcoin. Of course, you can make investment with the leading altcoins but thiniing about the profitability rate that Bitcoin can possible provide to us is a huge consideration to choose.

And one last thing is that, keep knowing what you are actually doing. It is best for us if we certainly know what we are doing because this helps us to be guided and reach our goal.

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.

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.

I think the season is not over yet to buy low and sell high in the market. Many people still find it difficult to understand the season to purchase low in the market and start waiting for the price to go up to supply to market .
Every investors want to release their coins to market when the price goes up for them to make a good profit from their supply
Bitcoin is pumping right now which many people are releasing their coins to market to make a good reward from the project they bought low in the market.