Topic: Buy? . . . Nah, hang on a minute. (Read 547 times)

Yes, it might really be that pretty basic but its true that applying it on your own wouldnt really be that simple or cant really be applied and would find it difficult to be done due to unpredictability of
the market movement which is something a very normal.
Dont know on why people cant just appreciate on saying these common sense thing? 
Even its basic or common sense but once you do make yourself put into the situation then you would really be having those back of those
words.

Here's how I do it.

How to know when the market is high?
Usually when price pumps 2x it should be a sign of caution. I'm a holder but I sometimes sell some coins to buy myself a treat and give myself a pat on the back for holding for so long.
I sell a bit every time we hit a significant number on our way up, and/or we multiply the market price by 2.
In the last bear market I held at 5-10k and sold a bit when we touched 20k, then again sold a bit at 30, 40, 50 and 60k. That was maybe 1-2% of my coins each time.

When to buy?
Usually a good place to start gearing up is a 50% correction. At this point I usually start buying, and if I can't afford it I at least don't sell anything and go into a hodl mode.
I bought some coins at 30k last year and and this year at the lows of 32k and 29k. If we fall lower I still have a bit of fiat for one more batch, maybe at 24-25k If we still keep falling down I'll go into a hodl mode. I have enough fiat to keep me going until 2025 halving. 

We only think it's a mistake to borrow money because we are thinking negative things without trying it first but there's actually people that considered borrowing money as a part of their strategy and they are successful with it. It only comes down to planning. They already planned if how much money they will borrow and if what kind of coin they will invest, and so on but I still didn't encourage this.

You better improve your skills first and you will need to have a backup funds before we try it, in case this strategy didn't work for us. I agree on the title of this thread. We need to hang on a minute before we decide to buy because the price is likely to go back at lower levels.

Easy to say but when you are on the actual situation then you would really be realizing that your fucked up considering that this market is totally unpredictable then buying or selling kind of decisions would really be

hard.Therefore, risk taking would be needed whenever you do make out decisions as always.We do have that very common point of support where we could potentially take such step or action but cant really be

avoided that we do have those thoughts that we might be seeing even more lower thats why we do really hesitate on making such step.

actually we already know about what to do with the market and when we have to sell and buy while what op says is the
so this will only make nonsense there is nothing that makes us think positively or that makes us introspection in trading,because, some trading facts are sometimes very difficult to apply in the reality of fundamental question techniques

I do agree with you. I believe that OP said something that we all know about and there is nothing to be learned from this, but at the same time it was entertaining for sure. I mean we have seen all of these before, and yet none of them were this well written, it's usually either written in low quality, or written with very high quality like we are talking to the queen.

Instead, this was done both with high quality but also with street lingo type of deal, like chatting, and that is why it got this much attention. I know that it is not a simple thing for most people, but I believe that it is not a horrible thing neither to reread things that you already know.

Buy low and sell high is the best way to make money, but before we are selling we should know what we reinvest the money into. Selling some assets right now only because the price is high is not a good idea. First of all we need to pay taxes on our profits, so we will lose some money before we can reinvest it. And then we need a new protect to invest into. Only to sell to leave money in cash is a bad idea when inflation is around 10%. It doesn't look like the world will go back to normal any time soon. With food and energy prices expected to rise more in the next months I would avoid holding large amounts of cash. So if there is free money to be invested I would recommend buying more crypto coins. Getting bitcoins between 25,000-30,000 USD seems like a good deal to me. Long term the price will rise again for sure.

Actually, it's okay to make mistakes when investing, because from these mistakes we can learn how to invest properly. The most important thing is
that we don't repeat the same mistakes over and over again. As you said, investing using borrowed money, that's a mistake that many investors make,
they think crypto can always make a profit. Whereas when investing in crypto is not necessarily profitable, while borrowing money puts us in debt,
the problem is that debt installments must be paid regularly. Therefore, it is highly recommended to avoid investing using borrowed money.

Another mistake might be choosing the wrong coins for investment, even though the market is declining, does not mean that all coins can provide profit
if purchased at a low price. Because some coins when we buy the price goes down and we will find it difficult to sell them again. So make sure
we do research and analysis before buying coins, so that we don't choose the wrong coins for investment.

Old rule. Repeated many times but the mistake will always happen. Investors tend to make an error using loans just to invest in a bear market which for me is another addition to the risk factor of investing in cryptocurrencies.
It's not just what you can afford to lose, it must be your own money that you are risking either a part of your savings or just your leftovers for being thrifty. Also depends on the right timing of purchase, there will be times when a bear market looks like it reach the deepest but it may not, like what happened with Bitcoin.

or, DCA. Specifically on Bitcoin. That way you don't have to mind the issue of "low or high" and your mindset could be trained to actually just invest. Indecisiveness due to trying to maximize profit exists and isn't odd really, but it is a pain in the ass once it sets in and if it becomes a habit, well, you're going to lose way more opportunities than the times you'd actually get them. So yea, this way, you avoid the general decision of "buy low, sell high" and just invest in a really good asset, which is in this scenario, pertains to Bitcoin.

Damn,OP.Your clickbait forum thread title made me think that you are going to share some thought provoking discovery about crypto trading.
Unfortunately ,you just shared the most generic "common sense" advise in the history of finance:
1.Buy low,sell high.
2.Invest only what you can afford to lose.(Not many people are actually following this rule,though).
3.Risk management is important.
Your post has no value and I guess that you just wanted to boost your post count.
The "buy low,sell high" advise actually works 100% of the time,but you have to resist the panic and the desire to sell,when the price drops.
Trading is about controlling your emotions and not falling into the conformism and crowd mentality of the markets.

Dollar cost averaging (DCA) will help you solve this kind of issue. Analyst isn't accurate, If they might say you have to wait a bit dip further and it happened that the price starts climbing while you have a chance to buy at the bottom, then you'll most probably going to miss the opportunity to add more fractions to your portfolio.
You should not always depend on some analyst on the internet, and learn to analyze the price movements and market sentiments on your own so you won't be struggling to decide whether your buying or selling.

That is not a trouble neither, if you are willing to lose that money and realize that there is a good chance for it. There are people in this world who gamble, and I mean gamble against the house type of gamble, which we all know is mathematically impossible to keep winning, sure could win here and there but in the long run house always wins because of the house edge.

This is why I do not see a problem with investing into very very very risky small cap stuff neither, only if you are aware that the money you are putting in there will probably not worth anything in a year, if you are aware of that and taking that risk, then why not take it?

low prices and high prices are relative according to our view, sometimes we already think the price is low but it turns out the price is going down again, therefore we must have an analysis to determine a decent price to buy or a good price to sell, there are many ways for technical analysis to determine it, which the main thing we must have a basis in doing so. therefore this depends on the perspective of each trader on the market

In crypto industry anything can happen in a minute without knowing if you earn profit or losses either way because of volatility is very high indeed. That's why as always invest money what you can afford lose only though buy low and sell high rule is always the best strategy to make profit in this industry.

Of course you want to buy high and sell low but as you point out you don’t know when you’re actually hitting the low in the markets. That’s why you should utilize a DCA / dollar cost averaging strategy when purchasing investments. This makes sure you hit some of the lowest of the lows and other good low periods, while not simply playing a guessing hams where /when the markets are at their lowest point.

Giving percentages without knowing a situation doesn't work.  I mean someone who can literally hemmage 90% of their money and still be rich might want to put more than 5% in crypto.  Or someone who is rail thin with margins in their budget might not want to even invest in crypto.  Either way the real risk management lies in WHAT crypto you have in your crypto portfolio.  Putting 5 % of your portfolio in shibaElonDaddyInu coin or whatever makes no sense.  So it's the crypto which needs to be monitored.

It is true that there are always people who dare to take high risks by investing in new projects or shitcoins. They actually know the risk is very high,
but because they are also very obsessed with big profits, then they become brave to take risky decisions. There are indeed some who have succeeded
with such bold decisions, but the number is not much, because in the end more people suffer big losses by investing in new projects or shitcoins.
That's why I always recommend investing in a safe way, by investing in top coins that have less risk. It's better to invest in top coins with small profits,
but it can be sustainable, than to take big risks investing in shitcoins. Which in the end we will regret if we experience big losses, even making it difficult
for us to recover.

Because many says that high risk, high rewards that's why I don't be surprised for many people including me to take a risk upon taking decision whether to buy coins or other type which I think it will be profitable for me in short time period. But we should always know to act fast according to the flow and never be hype since what most important is profit so secure it once we can see it glimpsed than holding to avoid losing money on it.

But there are people who do really love to play with fire and instead on sticking with well established coins they do rather play with these low caps or not so popular because they do really mind off about possible profits
that they could get once this market would really be having some recovery or u turn then you would really be making out profits that the mindset of some people thats why they dont really like to miss
out opportunity but well its a risk taking kind of  decision which isnt something surprising.

The worry of most of these low-quality coins is their fate in the market. What if they don't have future and they will continue to decline its price. Because we have seen countless times, most of these low-grade projects tend to decline fast after listing in the exchange. Unless, the team will do the pump and dump technique. So before you invest in this market, better weigh your choices. Keeping your investments in top alts will give you a better chance of survival.

There's still money with those shitcoins, you just need to have a perfect timing but if you are going to invest for long term purposes always go for the top choice even if you don't no much of the analysis, you can have the assurance that those top coins will be good once the market pumps again. The recovery of many tokens are quiet hard especially if the project is totally failed, but as long as the developer is not giving up yet most probably there's still a good solution.

A little bit off to the topic on which talking about  LUNA.. How you would really be making yourself get deal with it now its price had that 100% down but surprisingly it do really make out some little recovery?

Due to greed then this is where your decisions will really be depending because there are people whom do really love to play with fire and take risk despite of the odds of losing money is high.

Buying decisions will vary into each person whether they do seem fit as for talks about its potential or not.

The best ideal is to sell at 5x,10X profit on shit/meme coins to the buying price but current market conditions are not so conducive for price hike. So Bitcoin, ETH and very few other remain the only promising coins to tend to.

But I believe the OP isn't talking about shitcoins because as we can see he add tips on how to lessen risk. Investing in shitcoins is too risky and even if you apply all the tips, op have shared, the chance to lose is always high. You are lucky if the shitcoins you pick pumps after an hour but what if not? Do you think you still have a chance to recover what you have invested?

You better pray that you will because many shitcoins can turn into a scam, completely, right after they gathered some funds. You might be good at investing in shitcoin but not all have that same ability as you but some will still stick on the safer side. They will only prefer legit investments.

When Luna didn't do it's first x10 come back. I opened my wallet and was staring at Luna coin for some minutes. Without doing any analysis, a rule stroke in my mind. " When others are afraid, be greedy"
I wanted to be greedy with Luna but I gave up and because I am not a big fan of altcoins. In less than few hours Luna made huge come back and I respected the rule.

What I am implying is;
Buy when the price is low, always buy. Then remember the other big rule, don't invest what you cannot afford to lose.
Be sceptical about shit coins please.

Its correct strategy dude. Buying at low creates your entry point way close to the Break Even Point so that you can't really mess up for very long period of time. With the buy low sell high formula, you can actually reserve the base price and whatever goes above all is your profit. For example, if you are going to buy in the today's market then everyone knows the highest bitcoin could go is 61k easily which was last ATH. This means, you have that much window starting from today, and if you even don't sell until it reaches next ATH, lets 60k then you are still in profit and zero losses. After buying at lower rates only keeps you looping in one thing and that's how much profit you want to book?

With every Dip and Bull, Almost all crypto user panic in some degree and act irrationally sometimes and this can cost them a big loss too.
Let's take an example of recent Luna crash. Almost everyone jumps into luna trade including myself and try to milk some profit from it but
most of us lost massively.
From this we could learn a lesson and in any kind of situation have to take calm and well thought approach. Specially when market is going red, we have to wait for an stable condition to take any measures.

maybe I am one of those people who are not complicated with financial management, crypto investment is always a priority when there is more money than income for daily needs either from trading or my main job,maybe this is crazy...
        - emergency fund
        - retirement savings
I never thought about it because it's so complicated and I think my investment is a savings that I can take whenever I need it
buy when low sell when high is a new kid's dictionary that says it may be easy but basically it's difficult, I prefer to buy and hold, when trading wrong predictions and even then it will be a long term coin hold until the market turns blue

Shit coin is what stir up most panicking in the crypto market. Bitcoin is typically for holders and nothing much if an investor buys a certain dip and the bears keeps pushing the price down it's much easier wait for a market recovery which will surely happen no matter how long it takes but with shit coins nothing is guaranteed

The first line of your message is legit and a must to follow because if we look around us many people right now are planning to end their lives because of the losses that they in cure. They despair too much which only shows that they invest money that they can't afford to lose and what is worst with that is maybe they borrow the money from someone else.

Investing on any coin seems not okay to me. Have you heard the news about luna and how it dumped too much. If only those people choose their investments wisely, they won't going to end up like this. Most cryptos are dumping too but they are no real issues with them and they can always recover once the bear is over.

Waiting to long is so crazy decision to made by trader because we know crypto market is totally fast moving this is why we need to take action according to how market move in a day because if we wait to long we might be in position which the coin we are monitoring is pumping up and instead we earn we end up getting FOMO then lose our money for bad decision we made. High risk high reward traders should think about this but people also need to be more careful since we know crypto market is so unpredictable.

LOL I almost thought you're going to say don't buy coz it'll be dropping even lower in a bit.

What you've mentioned are all pretty standard knowledge when making investments, especially with crypto. As for the price, if you're unfazed by the current state you may indeed wait for lower.

And also, once you've committed stick to it. One of the common ways people lose money is going all-in and then pulling out when they see a drop.

Why do you have to wait so long if within 1 hour you've already made a profit for shitcoin, if it's under my management because I'm not the type of person who keeps trading for a long time.
but I don't deny that the strategy you provide is also good and I use it
risk will always exist in all investments, the difference is the level of risk that will occur and how do we minimize that risk in my opinion

even though the price is low, it is still even lower, and we must understand support and resistance or other ways to determine a good price to buy and sell. If we don't know this basic principle, I think that there is only greed and impatience to immediately enter the market because of Fomo, if that's the case I don't think luck will always be on our side, and in the end we will lose when the market crashes without anyone guessing.

Pretty basic but once you do step your foot into the market then you would really be finding out that this isnt something that easy could be dealt with.Invest on the money which you can afford to lose

because you wont really be that stressing or freaking out yourself whenever you do see that the market is plummeting thats the the main difference into those investors who do mind much
or being too positive towards the market because we know that its volatile and dumps or plummeting situation like this is very common.

At the moment, the least possible scenario is the recovery. The market is a complete mess due to the Terra incident, which has caused great uncertainty throughout investors. Everyone is skeptical at the moment and it's extremely likely that it will take quite long to recover at a healthy level.

The main reason I'm being skeptical is because I believe that we haven't reached the bottom yet, my prediction is that the scenario of Bitcoin crashing down to $25.000-$26.000 is highly probable.

It doesn't really require that much to find the good balance between the two, it will not be impossible to do it, but it will not be difficult neither. If you buy bitcoin at low, and sell it at high you will be doing good. Managing risk means that if you do it on Luna, or some other smaller ones that doesn't have a guaranteed situation then it will be difficult of course.

So, when you are doing "buy low, sell high" just make sure that you are doing with the good ones and not the bad ones. BTC, ETH, BNB all of these are fine for buying low and selling high, which you can do frequently inside one year and shouldn't be a problem because they go up and down constantly.

Well, we've heard this kind of trading advice a thousand times everywhere, in articles, youtube videos and more everything you say is not that different. That's ideal, but let's talk individual to individual, and each head has a different instinct for thinking, a different emotional level and a different pressing need. Therefore, most of the crypto trading ideals you say are just some kind of dream that most crypto traders hope for.

I think the main reason why newbies lose in Cryptocurrency is idea of buying low and selling high, most of them don't don't know anything about crypto, they think crypto is all about just buying when the price is low and selling when the price is high. To me I believe crypto is more than you just buying when the price is low and selling when the price is high, we should learn how to do some fundamental analysis, when to buy the coin when to sell the best coin you should buy and other things.

If we keep singing the buy low and sell high song, it can deceive many because nobody knows when is low or to what area is low a good place to buy where is really low enough is a question to answer. Yesterday the price come low and some waiting for more lower today but it didn't see it. Another low may come again and few taking the chance , more waiting outside for more lows. The low should come in a graph like technically analysis for good follow up.

That is the normal way to do, and if anybody or all of us does that, guess what would happen. It seems that we have already know what will happen to the price, we have predicted it but no. We cannot surely know so if you wanna become rich in this you gotta make risk. That is what makes us different from the rich because we are afraid to take it. Yes we do need that emergency funds, retirement savings etc etc. However what is the reason you came here in the first place? It is to find fortune in here, knowing there is a huge risk, and if you won't take it, it the same as you were back when you did not know anything of this.

If we do based up with some technicals then it is really still on that downtrend and having this slight increase might be the start of recovery or u turn of the market trend or simply a buyback from people or investor

but if you dont mind on entering on what ever price it would be then it would really be your choice because we do have different goals or plans towards our investment.

It cant be avoided that doubts and hesitance would be there and this is where risk management level or risk taking matter on each person.

I wish the folks that got burned in the UST/Luna fiasco would have perhaps waited for a moment and accessed the risk of what they were doing by following your advice. I'd also add -- the price charts don't have to show immediate volatility in order for there to be an incurred risk that's disproportional to any potential gains. You could be sitting on a bubble that's been stable in it's inflation until an immediate pop sends the market tumbling. Generally there are signs when growth is unstainable, but it's not always in the numbers. Need to use your head sometimes.

Hold your horses, don't get too excited, Bitcoin barely noticed a $2.500 difference in price and is currently showing signs of downtrend. The market is way too uncertain now, I'd advise making any purchases with extremely caution, while patience is the key to a successful trade. Bitcoin could easily be susceptible to another fall, since the Luna and UST incident didn't really help cryptocurrencies, thus, I wouldn't be surprised if it went below $27.000 in the next few days.

Now the market was increased in a short period.Nearly 7.5 percentage of the bitcoin price was recovered very shortly.Even now it’s better to inverse your money.When the price of bitcoin was back to 40k dollars.It will be huge profit for all the investment.So don’t delay to inverse on the trusted coin.The trusted coin will be the best move for now.Many cricketers also had their investment in bitcoin.

Investing percentage on cryptocurrencies varies depends on your portfolio value, your 5% rule may sound good for someone with million dollar portfolio but what someone can do with 5% if their capital is only about a thousand dollar or even less. Many cryptocurrency investors are literally the new age investors who are considered to be young and made their first ever investment.

Buy low sell high rule will always work and you didn't lose anything unless you sell the cryptocurrencies which you have bought for high price then the bear cycle traps you.

Op, buying at a low point is not only good for trading, but also from a perspective of a long-term investment. The current price is more than twice as ow as the ATH, and I think it's quite safe to assume that eventually, in a matter of a couple of years or less, Bitcoin will resume its former position, and even 2x isn't a bad profit, but 3x is also pretty realistic. But that's Bitcoin, of course, and this doesn't hold for the vast majority of altcoins, investing into which is indeed very risky.
May I also ask where you think investing 95% of one's portfolio is safer than cryptos? Gold, which doesn't bring much profit but doesn't normally make you lose much either? Or stocks which can sometimes be just as volatile as Bitcoin (at least, if you consider how low they can fall within which periods of time)? I do agree that one should only invest what one can afford to lose, but this holds for any investments, not just cryptos.

If you are dumb, then only you will follow this dumb thumb rule.
I haven’t seen many people following this.
Cmon investments are subject to market risk, so without calculating the risk if you invest then you will definitely face loss.
And now if we talk about Bitcoins here, then there are many factors that will come in the way.
Earlier we have seen Bitcoins capability, and all time high price.
If we do good prediction and calculation, then there is more than 90% chance that, Bitcoins might break it’s all time high by the end of this year(This is just a prediction).
Now it’s always depends on you whether to bet on the prediction or not.

Totally agree, stick to Bitcoin, or at least some trusted altcoins such as Ethereum, Litecoin and possibly Binance. People got screwed over with Luna, investing in overly hyped coins that supposedly showed huge potential but quickly came to an end. It's really saddening, because myself included lost money that I had put on UST, thinking they were safe, only to be proven wrong.

Despite the fact that Bitcoin has lost over 50% of its value since November, I'm not too worried. I'm patient enough to wait and trust its potential, if it was any other altcoin, I'd be extremely frustrated right now.

The most common strategies, you buy low and sell high. That's always the case but the problem starts when you think that you're probably low but it isn't the actual low because there's a lower price.
And in that manner, that's where the DCA comes in. Not just for the accumulation at any price that's probably a good time to buy when an increase is about to come. The same goes if the price is uncertainly low.

I honestly think you are under invested in Crypto currencies, if you only expose your total portfolio to Crypto currencies, with only 5%

You want to make a decent profit when the market recover after a small dump, so you should at least make it worth the effort to invest say 10% to 15% into Crypto currencies (Bitcoin BTC) when the price are dropping hard.

A 10% to 15% exposure to high risk investments like Crypto currencies, will not destroy you if something goes wrong... but it will give your total investment portfolio a decent bump if it succeed.

I made more than 800% on my investment in Crypto from coins that I horded since 2013.... so I re-invested some of those profits into low risk investments and safe havens... and it gave my total investment portfolio a massive boost. 

OP, the vibe I get from your post is that you, like so many other investors in bitcoin, stocks, what have you, are afraid to actually buy when prices are depressed.  I'm reading what I see as rationalization as to why one ought to be particularly careful about buying during times like the present, when basically the entire market got flattened over the course of 48-72 hours.

If you're looking to make a profit (and especially if you're a short-term trader), now is the time to be jumping in with both feet.  What we're seeing looks as close to a flash crash as there's been in a long time, and when I woke up this morning some of the coins I follow had already started to recover from the worst of it--so if you'd just bought any ol' shitcoin yesterday (or bitcoin at $28k)--you'd be in the black by now with more profits (hopefully) to come.

No to the first part, and no to the second as well.  "Buy low, sell high" can and should be applied to anything.  Why did you even write something like that?  And bitcoin doesn't have any "fundamentals" either.  If you can tell me what fundamentals it has that a coin like ETH, LTC, or any other coin doesn't I'd really love to know.  On top of that, not all altcoins have low market caps or are easily manipulated.  Some do, but definitely not all of them.  

Care to revise any of those false statements?

Christ, I'm glad I'm not the only one here who's not just writing nonsense and not giving a single logical thought to this discussion.  Arguing against the "buy low, sell high" model is akin to screaming at a room of geologists that the world is flat.

Yea, I wouldn't really be surprised. Nothing more classic than Bitcointalk newbies and giving over-generic merit/investing/trading advice. Also knowing that OP just learned about stagflation literally just a few days ago.

Most of what you have said are not new to investors here and traders. However that cryptocurrency may be volatile more than stock but not forex. Forex trading carry same risk as cryptocurrency trading, they wear same clothes of risk pattern. Trading with low risk leverage is advised. You lose and your funds are gone in both trading and the level of risk is even higher in forex compared to pairs that are not btc.

Perhaps he still a newbie as far as investing and just 'rediscover' this old adage, 

Anyhow, this is no secret, and for sure majority is practicing it, just a question on when they are going to sell those to make profits because that's one part of the equation.

Wait for the next bull run? or sell when you think you have good enough profits already?

I agree to only invest with money you can afford to reduce the risk involved.
You can invest in any coin but always keep those limits in mind so that if you lose, you won't regret it too much.
Also, don't invest in unknown coins because that can give you a risk that you yourself will never know how big the risk is.
If you invest in bitcoin, even if the price fluctuates, there will be an opportunity for bitcoin price to increase again.
But it will all come back to the results of your analysis so you will know what you will invest in later.

One of the principles I learned when participating in the cryptocurrency market is to balance between profit and risk. When it is clear that our lives are full of things that are affecting us, we can see that investment choice is a way to find easy profits, but it comes out when people have financial basics as well as control over their own capital. But whenever the market shows signs of comfort in terms of money in investment, we can easily spend money to participate in anything that is talked about because they can only see what has happened but not the creation process that is the result. I also remind those around me to be satisfied and grateful for what life is going on, not to dwell on things that are not my own and see it as a goal that I also have to achieve. 

Actually buying low and selling high always brings profit. The condition is to indeed buy low and sell high and not the opposite.
And in order to avoid buying high when you thought you buy low, easiest is to DCA. As simple as that.

During this time when prices or falling on the market and people can buy bitcoins with some discounts that are pretty much tempting people to buy bitcoin and increase their bitcoins when they got a good chance for it while I can see beside bitcoin, some people made decision to buy some other cryptocurrencies just because these are lower than the usual price they have on the market, while I prefer to stay away fro these altcoins, especially during this time when we don't know how deep is the market going to go. But regarding buying bitcoin, I would say the best option is to place buy orders in different lower price levels because these days the price does lots of spike movements to lower and higher prices.

this is actually a basic concept because in this case buying at a low price and selling at a high price are actually words that must be held firmly from the start when you are here.
but on the other hand, many people find it very difficult to apply things like this properly.
There are several reasons when they can't afford the first such as not being able to resist the temptation when the price rises a little they immediately sell and when the price corrects they panic about it.
In fact the people who have the understanding of buying when it's cheap and selling very high are the only people who have experience here and indeed it takes patience and research is needed for this.

yes I totally agree with that.. it's good that we can hold back for a moment to invest our funds in crypto, especially altcoins... we can't predict how the crypto market will be in the future.. and we shouldn't invest our funds not entirely in crypto only ... wisely, we must have investment fund management so that we don't experience huge losses

It's true invest what you can afford to lose, but investing less than 5% from total portfolio in crypto is a pennies.

Let's say your wages are $1000/month, 5% from $1000 is only $50/month, you would get charged higher than $50 if you withdraw BTC or ETH network tokens. I don't really understand why does debt is becoming a new normal on the current conditions, if you didn't have enough money to buy non-important stuff... it's better you wait until you have enough cash or don't buy it. It just sad that many medium-low class people really want to have luxury lifestyle, that's why they're fucked of their own debt.

Investing in Bitcoin for retirement savings can be a good idea since we're know how good Bitcoin performance for long term.

When it comes to crypto, only risk the amount you are comfortable with losing. This space is unpredictable and it is definitely not safer than the traditional investments. Because of that, the potential rewards are a lot greater than what you may get from the other investments. The sooner you accept this fact, the better it is for you. If you can't stomach this volatility, buy real estate.

Oops, it still works for me. Take simple example of buying BTC at the rate of lets $ 100 and selling it when the market is going bearish. Now in this bearish trend the bitcoin market has fallen down to lets say $50! What position are you in now? Profit or Loss?
Now think about it in opposite way. The market has fallen badly, the entry point is $50, and on a fine day the price hits $100. Now what position are you in ? Profit or loss?

I am pretty sure if you are able to answer both of them correctly then you know your claims aint right.

- Simple math.

"Its not a question of altcoin or bitcoin, its question of how you manage your entry and exits in the market".

Sorry — but bro you pretty much just combined like 2 of the most generic trading/investing advice in existence. You made it sound as if your 'strategy' was some new and groundbreaking lol.

That's what I was thinking. The OP is talking about "crypto", and applied to shitcoins his analysis makes sense, but if we focus only on Bitcoin, now is a good time to buy and well over the 5% he is talking about, depending on your knowledge and risk tolerance.

If we start from the assumption of being free of consumer debt, having an emergency fund and want to invest in Bitcoin because of its limited, autonomous and decentralized nature, we can have a very important part of our net worth in Bitcoin. What percentage will depend on each one, but I always recommend diversifying a little bit, even if it is 80% in Bitcoin and the rest of premium assets, whether Real State, shares of premium companies, etc..

I fully agree. Unfortunately, this is something a lot of people probably failed to do. I guess there are many of us who seem to have overinvested in Bitcoin or perhaps crypto in general.

In my case, I only have a small savings in my bank account. My retirement savings so to speak is also in Bitcoin. While I don't have debts, I also haven't invested significantly in less risky assets like real estate or government bonds or whatever. I don't have a stable business either. In other words, I am heavily invested in Bitcoin.

I might actually be investing more than I can afford to lose, but since I am not actually losing even a wink of sleep even in the face of this bear market, I guess I'm doing it right.

I'd say it's better if you not invest on crypto aka shitcoins, but just invest in Bitcoin. The rule of buy low and sell high can't be used on shitcoins because they doesn't have any fundamental and easier to manipulated due to low market cap + centralized. Bitcoin is the only one coin who have fundamental and you can analyze how much it will goes to bottom etc. Looking on 200 week moving average the bottom may likely around $24,500, however no one can know does it will happen or not, but at least it can help your decision.

If you didn't have good analysis, you do Dollar Cost Averaging by buy Bitcoin every day/week/biweekly/month in any prices. So in the long term based on Bitcoin's history, you'll enjoy the profit.

We've been told to buy when the price is low and sell when the price is high. This is pretty much the thumb rule in trading.

But that is not without conditions. It isn't absolute. It doesn't always guarantee profit.

Let us not forget the RISK. And risk correlates with volatility. High volatility means high risk. And since the crypto market is a volatile market, the risk is higher here than in the stock or FX market.

So, the "buy=low, sell=high" strategy only works when you successfully manage the risk.

You can do that by:

1. Investing less than 5% of your total portfolio in crypto
2. Prioritizing other aspects of your finances ahead of investing in crypto
       - emergency fund
       - retirement savings
       - high-interest debt payment

In other words, invest only what you can afford to lose.

To sum it up--"Buy when the price is low and sell when the price is high, BUT invest only what you can afford to lose."

It may not guarantee a profit but it can help cut down loss when the bear attacks.