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? 
Topic: Buying low selling high ain't always successful - page 6. (Read 1207 times)
That point you regarded as dip might be the highest price for a while. I have been there also. It is frustrating and you can become undecided on what to do but I think it is always better to allow the price to recover to the dip price before you make a further decisions on trading. If you continue to trade, you might discover that you start losing little by little. Sometimes it is better to stay and convert to USDT and watch closely the flow of the chart
It wasn't noticeable when we have a lot of coins to trade and that few sats have just been ignored. I've been experiencing this before and supposedly I used to gain when I sell it at high but the market turns frustrating and makes no choice but to sell and save some ( I belonged to the group of weak hands)...lolAnd I realize that everything won't work that easy and all our goal meant achievable if we are a weak hand and is not strong enough to risk and have patience inside. Because surely it easily changes our mindset and commits mistakes.
And are there many advanced solutions form the ones you follow? How do you choose ones? Because I am fond of ThreeFold Network. In few words, Threefold network is the biggest decentralized grid of self-managing Internet capacity in the world that is being built collectively by an inclusive ecosystem and owned by everyone. The mission is to expand the current Internet to all areas of the world and to allow everyone to use this Internet at a fraction of its current price
That point you regarded as dip might be the highest price for a while. I have been there also. It is frustrating and you can become undecided on what to do but I think it is always better to allow the price to recover to the dip price before you make a further decisions on trading. If you continue to trade, you might discover that you start losing little by little. Sometimes it is better to stay and convert to USDT and watch closely the flow of the chart
I have been in to cryptocurrencies for more than 3 years now, and I would agree with this statement. This strategy may work for investments in equities and mutual funds, but not in cryptocurrency market. The reason is that it is very difficult to calculate the fair valuation of a particular cryptocurrency, unlike the case with stock market or the real estate market.
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.
From my perpective buying low selling high is a good option to make some money on crypto. Maybe you pick the wrong coin to invest in. Change to other coin like ETH maybe you can gain some money from there.
Well that's the exact strategy of the market, buying in dip and selling in its peak is one of the best way to earn quick profit, but you need to be really active and update yourself with all the current affairs which has a direct impact on crypto. Only your knowledge and research will lead you to make the right moves.
If only it is as easy as it sounds, Most of the people when you ask them how to trade the only answer that you would get is buy low sell high,
I am also one of those who give that answer since I don't really have much time and it is hard to explain.
And it isn't always that way there are some crypto that you could buy at a high price but would also continue to go up.
I am also one of those who give that answer since I don't really have much time and it is hard to explain.
And it isn't always that way there are some crypto that you could buy at a high price but would also continue to go up.
yes very well said crypto market is different kind of a beast. You can't compare it with traditional market. Most of the Quotes and strategies from stock market doesn't work well here. Talking about RSI its not that simple ...even the pro traders suffer one of my friends was in gold trading and he had setup a portfolio with a pro trader in the beginning (earlier this year) he was enjoying steady gains for about 3-5 months but then market conditions changed and now he is out with some losses.
All ingenious is simple.
But in fact, so many people forget about this rule and in search of quick profit lose everything ...
But in fact, so many people forget about this rule and in search of quick profit lose everything ...
From my perpective buying low selling high is a good option to make some money on crypto. Maybe you pick the wrong coin to invest in. Change to other coin like ETH maybe you can gain some money from there.
~
I had the time to watch an interview with a stock market trader for 3 decades already and he said this."In my 3 decades in the stock market trading, I didn't bought the dip even once because nobody knows when a stock is at its dip."
This is a sign that nobody knows the dip. Even the professional traders doesn't know when the dip. That is why there are indicators that can help you in trading although it is not 100% sure that you will win in every trade if you use them. "Buy low, sell high" strategy doesn't work in trading because if it is that easy then there must be no losers in trading right now. Technical and Fundamental analysis will help you and not that shit strategy.
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
That could be possible unsuccessful if you chose buy cryptocurrencies that are not strong in the market. Personally, I always prefer to buy alternative coins like ethereum and ripple. Nowadays, there are a lot of altcoins that are running in the market, some of them are good to start buying and selling, but most are not. If you buy those kind of coins, the possibility that your trade to lose is high, even you bought it on a cheap price, you still cannot guarantee that you can sell that on a higher price that you prefer. 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
sir nothing to worry here. Actually this is volatile market and those who are lover of crypto mrket are use to this market and we can not get rid of it. So i think you should more cool about this market and wait for better options that will come in near future.Best of luck.
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
It's easy to say buy at a low price and sell at a high price but I don't think anyone can afford it. Only people with long experience in reading market movements can do it and I think cryptocurrency is not the same as other investment markets because it's fundamentally different
In my trade, both long and short term, I do this technique, buy at low prices and sell at high prices. This is very beneficial for me, and I profit a lot from this technique. It's just that in doing this technique you have to be patient with time. Because it could be that the price of a coin will be high after months. So don't sell if the price is still low.
Buying low and selling high is an ages old strategy and it does not work in modern markets especially if you are an active day trader, the stretegy does work in longer time frames to some extent but then again you have to be sure of reversals.
People are getting confused to determine mine what will be the real strategy to buy low and sell high in the market. I do agree if that will always give a result in the successful progress. It's not only working in the long time frame but it's also working in the short time frame as we must be a smart trader to see any opportunity that gives by the market. It's still working right now and what you need to know to get all of the fundamental regarding the coin and be a smart person to use your stop-loss feature to determine the best bottom price to buy. 
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
It's not the wrong technique, but I think those of you who don't understand the market analysis technique well, and don't understand the risk that cryptocurrency is very volatile. Prices can change at any time, analysis can be missed, not everything can go as we expect. So you are mentally trained, your technique needs to be sharpened again, so don't give up, difficult circumstances will make you stronger. It is not always easy to determine the entry point. I agree with you on this. But nothing is impossible. If you constantly study trading and improve your level, then your trade will bring you profit.
Studying the trend for most altcoins might not be that easier as you think. When dealing with such, you should think of some risks that you might encounter. This is why my preferences is always with bitcoin and some other well established altcoins, because i know that no matter how much they dump, they will one day still come up and i will get back my money, if not additional profit.
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, there are two ways to this thing and the first is intent.
Do you buy a coin because it is low in price ?? so you can buy and keep and then start hoping for a higher price than your buying price?
Do you buy a coin because it once mooned and could later moon ? hoping, waiting and holding for a future price ?
If yes, then you are wrong.
You cannot buy every altcoin at the bottom and suddenly expect a boom.
You need to arrive at a conclusive pattern, research works that drives a chart and gives you what to expect about certain altcoins in few months, weeks, etc.
Only then can you buy low, and sell high conveniently.
Mere suggestion from me, kindly do your own research and make your decisions.
It is not always easy to determine the entry point. I agree with you on this. But nothing is impossible. If you constantly study trading and improve your level, then your trade will bring you profit.
Studying the trend for most altcoins might not be that easier as you think. When dealing with such, you should think of some risks that you might encounter. This is why my preferences is always with bitcoin and some other well established altcoins, because i know that no matter how much they dump, they will one day still come up and i will get back my money, if not additional profit.
Jump to: