Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
You have to check the market flow form time to time if you wanna game some profits as you mentioned market flow is as not as stable prior to corona outbreak which had seen more stable. As now you if you buy in dip, the goes dipper only way to gain your HODL the coin and wait for the big surge from the market or switch to stable coin where you can not loss as much as big when you ate holding your ALTS assets. 
Topic: Buying low selling high ain't always successful - page 5. (Read 1249 times)
you need to understand that their is no amount of deep market could be the last. the token might deep until it value turn to something meaningless. you should not spend your entire funds while buying the deeps because there will be a lots of market deep and also do not sell everything during bull market because the market might move even higher. you will definitely regret if you buy everything or Sell off everything.
doing that kind of thing is now very risky because the charts now are very difficult to predict so everyone now doesn't want to take much risk to lose a lot of money so in my opinion long term investment is a very good choice until the market really recovers
Sometimes you end up losing more satoshis In the hope of making your Bitcoin grow in numbers, trading is dangerous and profitable at the same time, in which ever state you find yourself do not give up
Trading has never been an easy task as it fully requires predicting the market movement which is almost impossible. With the downtrend perculiar to the crypto market lately, even the people with technical great analysis skills find it difficult making successful trades. Most people see it as more of gambling as you can loose your entire entering capital when things goes wrong and at thesame time, you can make huge money when it favours you. The whole thing is always easier and more profitable when there is bull run as every coin you purchase will increase in value.
Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
Well of course! Predicting market movements is almost impossible, especially if you do not have serious technical analysis skills. You can really buy low, but when to sell is a big question.
Most often, we wait until the last, as a result, we hold on to coins for too long, expecting maximum growth from coins, which subsequently fall in price, and we, realizing the mistake, wait for the coins to grow up again. Thus we fall into the trap.
It's difficult to buy the dip because no one can say for sure where the dip is. The goal is to buy at a point that is cheap enough so that when the market starts recovering you will make some profit.
For now there is no cheapest point, because the average coin has increased in price from the previous one, if you dare to make a risk, then immediately buy at this time, because current market conditions are good, and obviously profits will also we get.
It's difficult to buy the dip because no one can say for sure where the dip is. The goal is to buy at a point that is cheap enough so that when the market starts recovering you will make some profit.
In fact, people trend to choose new coins because these are more profitable coins and people will be very interested when a new news comes out.
Compare it to the IPOs of stock market. They attract value from venture capitalists who will buy them at premium and then sell once they get listed. Its profitable but thing is that IPOs get listed at a specific time and there is no discussion of having to look out for an exchange to list them. ICOs get some bad points here if you compare. Quote
However, in investment I often consider very carefully before deciding because not all new coins can increase prices well during this time and depend a lot on this market. Of course, if it were me, I would sell the old coin and choose a new coin because if the old coin cannot rise, you will continue to live in misery.
You should not think that a new coin is going to b big in future in this sector. This is because already the sectors are saturated and not being able to develop something that has an inherent market is common. It takes time to make a system popular enough for common people to use everyday and this wont happen in a 2year scheme.Hence if you want to trade, do it with the older well established coins. Buying low and selling high is always going to work provided you are doing it properly.
You need timing when you really want to buy at dip and also patient when the coins you bought dump deeper because thats the only thing you need when buying coins. Because if you don't have patience in waiting for price increase you will be lose.
It is better that you hold the coin until the price will go up. Just don't expect that you will gain profit in just a short time you know the prices are unpredictable.
How long you will hold your token when another coin was doing better than your coin? this is not a good idea to always hold your money. We must be more closely to see about the fact that if so many people are always jumping from one to the another coin for profit. I expect if this happens anytime. I'm thinking about isn't it better to cutloss and invest in a better coin?
If it ain't successful then no one's going to profit. The time that you have bought is what matters, you should buy when you are decided and you see it as the bottom of that correction. And if that's already enough, BTFD.
I have that worse experience as well and I fairly understand the feeling when everyone says it's the dip and we're all buying but it keeps falling.
I have that worse experience as well and I fairly understand the feeling when everyone says it's the dip and we're all buying but it keeps falling.
It is better that you hold the coin until the price will go up. Just don't expect that you will gain profit in just a short time you know the prices are unpredictable.
This year is very frail with a loss if you can not find a gap because there is no certainty good things will come this year so you should determine another way to continue to survive later.
sometimes, the crypto market moves intermittently and it requires a good analyst to predict what is likely going to happen, although, the prediction might not be 100% correct. You do not also have to be a good analyst to trade good coins like BTC because come what may if you are patient enough, you will still make your fortune out of it. The entire crypto market is now more of community-based. If the community supports the project and if such project has so much community, then it might be good enough to venture into.
Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
So what is your trading strategy now, usually everyone looks to buy low and sell higher but since you made some terrible blunders you want to take a break then it is a good proposition for your savings. If you entered the market when the market went down then there is nothing to worry because all you need to do is hold for the market to recover as you cannot expect the market to give you profit everyday. So the idea is to be smart and trade according to the market situation.
Charts say all. If you can't read it, go for long term.
Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
Isn't a cryptocurrency like that? the volatility is high so the price is easy to go up and down. That is why there are indicators that you can use as instruments in analyzing price movements. Provide a systematic picture when the right time to buy and sell. So it is not only based on the price of "low rate" but also other factors that allow the trend to rise, that is what is utilized. I am not a professional in this matter, but I continue to learn, despite several losses, this requires a strong mentality.
Yeah if you don't have any indicators buy low sell high does not always in your favor but with the help of those indicators on charts, it will increase your chances to have a better decision on which button to push. But it is not always right trading is a very risky thing so make sure you know what you are doing. Some coins are base on news it really affects its price and some are purely unpredictable.
The only way you can identify a dip is in hindsight, and there's a very slim chance that things could just go to zero overnight. Buying low and selling high is also a massive oversimplification of a part of what many traders do, though that doesn't mean it's an unviable strategy. You also need to consider factors outside of just successful trades but also risk management while trading.
The market's very unpredictable and it's true that technical analysis doesn't always work as expected, but you should always have a system in place to minimize losses in case things do go south.
The market's very unpredictable and it's true that technical analysis doesn't always work as expected, but you should always have a system in place to minimize losses in case things do go south.
Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
Well, you do have a point on that because cryptocurrency do really possess such characteristic of being able to change over time in an unpredictable manner which is because cryptocurrency is volatile. Well, being unable to predict price movement is just common with the industry we are all currently into because no one literally knows when, why and how will things be going even after a couple of seconds because price might go up or down even without our notice. Buying low and selling high is the most common strategy being done by I think almost all here in the crypto space because it is the simplest yet effective way on how you can earn profit. Although it doesn't work all the time, still people do use this strategy with a belief that market will regain from its loss over a span of time. It will be best to not expect too much that just because you have bought it at a low price is that you will expect a profit that easy because it does not work that way because price movement of the cryptocurrencies are really unpredictable.
Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
So what is your trading strategy now, usually everyone looks to buy low and sell higher but since you made some terrible blunders you want to take a break then it is a good proposition for your savings. If you entered the market when the market went down then there is nothing to worry because all you need to do is hold for the market to recover as you cannot expect the market to give you profit everyday. So the idea is to be smart and trade according to the market situation. Jump to: