Topic: buy low sell high? (I'm a noob) - page 4. (Read 596 times)

Buying cheaply and selling at a high price is advice for those who want to try to invest from the safe side, but it does not mean that it is the only way to make a reasonable profit.
If you want to follow it, you should search for currencies that have a future, and thus it is easy to get enough capital in order for their price to double quickly.
But it is better to learn how to make a profit when the price drops, or to calculate the average price of the dollar. More alternatives to maximize your capital.

What you do is also a factor in what people do in general, however, you should not list only to the lowest and highest prices.

In general and the fact of doing crypto trading if you don't have a few other tips it is very risky to lose your money, as happened to many investors you can become multi-millionaires in a matter of hours and also on the contrary you lose in the blink of an eye which is influenced by market volatility.

There are some other tips that you should learn before investing or trading certain coins.
1. The crypto market is the main step that you must understand, don't get trapped, you have to learn a little about the right time to buy and sell certain cryptos, some expert advice is needed.
2. Emotional decisions, inaccurate, reckless, fearful, careless, you should avoid.
3. Don't invest in just one coin, it can drown you.

And many others that you should want to know before you trade crypto, good luck.

What you want to do is known as trading.But did you know that by trading on the stock market, 95-98% of people lose money? I don't have any data regarding trading with cryptos but I imagine that the percentage will be similar.

It is better to choose an asset you trust (because you have done your research on it), a company, or a currency like bitcoin, and just buy and hold. Or the system of dollar cost averaging, which consists in  buying the same amount every month. The problem with these systems is that they are usually boring compared to trading, but much more profitable.

But in general, yes, you should try to buy low sell high, which is the opposite of what the masses do: buy an asset when it is at its peak and sell it as a result of fear when it goes down.

If it were that easy to recommend what coins go high and low every time, everyone would honestly be rich tbh. It's all amounts to how much risk you're basically willing to take and how much research you've done to whatever investment you're going to take. Also, don't take for granted whatever coins we would recommend here, it's a lot better to find one that is up to your preference, and one that you could actually spend time to study the coin itself as well as the market trends around it.

Some simple tips revolve around creating your own portfolio, taking it slow, learn when to stop/exit, and don't be greedy. Most tips tend to revolve around to being not greedy, while others revolve around arranging on how you would go arranging your trades.

Seems like you're asking for a general advice for trading altcoins, so the first thing you need to know that trading altcoins is extremely risky, because there's a lot of pump and dump schemes, scamcoins, price manipulation, exchange hacks and exit scams and other dangers. And the prices are generally unpredictable, so there's no recipe for how to buy low and sell high. This is why Bitcoin is still the most popular cryptocurrency, you can always be sure that there's nothing shady with it.

Well you should tell us first if what is kind of investing are you going to.

Either Long term Holding,Semi Long term or Day Trading.

but if you are looking for fast profit then This is not the place where you can get that because this market is so volatile and can change the trend in a minute or so.

Thank you for this advice, I am saving money so I can trade too. But isn't this advice  counters the advice of diversifying your portfolio so you can earn a profit when one coin dipped.

Nobody here gives financial advice. We all just share our own experiences or what we have learned about other people's experience. If you are going for a TA and market sentiment based "Buy low, Sell High", then bitcoin is popular for that. Although the volatility will be less compared to some of the constantly hyped projects. There are thousands of traders and bots out there on every market. Personally, I just hold bitcoin as I have seen it go from 4000 to 20K (without buying or selling), so my expectations from the honey badger is "C'mon, do it again"

Some other ways people potentially increase their holding is by buying hyped coins on binance etc and then sell them off for BTC at listing. You need to buy their Binance coin and stake it to get tokens from these new projects. With Binance launchpad, its quite a circular economy going on there with not much being built (except websites and telegram communities).

There are no certainties in crypto. The best bet is to generally keep an ear to the ground and recover your principal as soon as possible. People here have much more capacity to risk because most of them have had their gainz from small investments only. For someone entering recently, the first step would be to recover your principal. Just my 2 sats and experience but not investment advice.

My advice is you don't have to select too many coins. Perhaps, you can try to focus on bitcoin because bitcoin will have the potential to make a profit. Although you will feel difficult to buy low and sell high, you can expect to make a profit in the long term. It is no problem if you can't sell bitcoin right away after buying it because the price will increase a few days later.

So if you can focus on analyzing the good time to enter the market, you will find the low price to buy, and then you can hold it until the price starts. You don't need to panic if the bitcoin price is down because that will be only temporary. Sometimes, the increase in the price will be so high that you can make a big profit. Just be patient.

Everyone has this idea at starts but very limited people actually make it. They usually buy high and sell low. On the market, the losers are more than the winners.

In order to have successful investment career, you need to have long term plan.
- Buy at low, you can, I am sure about that.
- Sell at high, it depends on your plan and you can or can not, it will depend on your plan (long term investment or short term investment) and your patience to stick with your plan.

This is like asking if it's better to invest in a typical business or real estate. It's going to be different for everyone, you just gotta find the best one for you.

As for buying low and selling high, sounds really simple, ain't it? But it sounds a lot simpler that it actually is. There's a reason why most traders actually lose money. Will you be able to come out to the top? You can try, but it's definitely a tough tough road and it will take days and days of research and experience.

---

P.S. Move this to the Trading Discussion forum as it's more fitting there. The Move option is on the bottom left corner of this page.

Buy low, sell high is the best method to make profit in crypto trading and it's a basic strategy with high returns of your investments, so keep it up always in your future trades. As basic as it seems but you also need to have patience at all times and always control your emotions while trading a one day at a time. Don't get too much greed or else it will hit you bad, always contented what you gain today and get back another day for a new sets of trades. Goodluck to you buddy and wishing more success trades in the future.

Buying low selling high is still the best thing to do but all you need is patience because if you don't have patience, you will lose all of your coins and the value will go nothing. You also need to be wise on choosing what exchanging site you are going to use because the transaction fee is also a big deal especially when you are always doing a transaction. If you are just stocking your coins and leaving for a month, you can set it aside but it is better if you are going to choose the exchanging site that has the smallest transaction fee and legit.

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!