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Topic: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ? - page 20. (Read 4008 times)

member
Activity: 532
Merit: 11
♦♦♦♦♦
i always fail at predict what lowest price when the coin price drops
so i just buy when the market starting to move up or i just buying when there are good news about coin/token its self
full member
Activity: 336
Merit: 100
Yes, idealy you buy when price drops but you make sure its on the oversold point or the price will still drop and you'll miss the dip price when you don't know its dip price.

To know the dip price of a coin and its peak price there are some indicators/ocsillators you need to learn when buying and selling coins, so you will not be left behind on your trading.
newbie
Activity: 382
Merit: 0
Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising.  Cool

Though this strategic works but has it own advantages and disadvantages. This method works
for Altcoins that are stable, there are some coins that never bounce back after a deep fall, this can
result to you losing a whole lot of money. But some cases when a coins bounce back, it will make
you a lot of money.Again it has to do with emotion and patience.

Some trader will be scared to buy coins when the price drops rapidly, thinking it will never
rise again only to see it shooting up and get into buy late.
 
sr. member
Activity: 1162
Merit: 251
Buy low and sell is the only strategy that everyone uses to make timely profits and if you see price dropping sharply then without wasting any time you should buy as many coins as possible and instead of buying bitcoin you should buy cheap altcoins that has potential to rise in future as it can pump very sharply and it can give you better profits in compare to bitcoins.

Definitely yes, I am doing too. But of course, research more on the coins or token to buy because it might be its last hurray and never comeback to its highest. Check the devs social media updates, check the community if active and decide.
you're right not forever the price is down is the right time to buy right, so than doing checking and research first is the thing to do
to determine the potential is the price of that coin you will buy still  have possibility to rise again or not?
hero member
Activity: 1414
Merit: 505
Backed.Finance
Buy low and sell is the only strategy that everyone uses to make timely profits and if you see price dropping sharply then without wasting any time you should buy as many coins as possible and instead of buying bitcoin you should buy cheap altcoins that has potential to rise in future as it can pump very sharply and it can give you better profits in compare to bitcoins.

Definitely yes, I am doing too. But of course, research more on the coins or token to buy because it might be its last hurray and never comeback to its highest. Check the devs social media updates, check the community if active and decide.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising.  Cool
at past when a coin get drop very fast there must be some people play with the market, pump and dump scheme will happen. but sometime it is hard to decide which coin that we should buy.
legendary
Activity: 1120
Merit: 1000
This is one of the best strategy that I've been using for a very long time..what's i liked most with this strategy is when you buy in the first dip,you still have some balances to buy if ever a double dip happens..when a market recovery happens and My second entry hits the price of my first entry i would sell all my second entry for some profits..studying the market and try using different percentage in your every entry,2 to 4 market entry is good enough for this strategy..

There a lots of good strategy to use for trading and the one mentioned above is one of them,It worked for me and many of us, but it's not a guarantee that it will work for you too.So if anyone would try using this strategy and not getting good results,using stop loss is always a good option.
I usually buy new coins on the trading floor, I find that new coins are traded after the ICO period, which usually drops significantly after one week as investors take profits so the thing to do is to choose Good coin to buy in and the opportunity to increase it back is great. I have used it for a long time and it works pretty well.
Yes most of the people are waiting for the price to drop so that they can find an opportunity to buy bitcoin in a cheap price, but for this time as there too much uncertainty in the market therefore it has become difficult for them too choose the best time for buying bitcoin, still people think that the price can dump a little more and therefore most of the investors are still on sideline.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
Buy low and sell is the only strategy that everyone uses to make timely profits and if you see price dropping sharply then without wasting any time you should buy as many coins as possible and instead of buying bitcoin you should buy cheap altcoins that has potential to rise in future as it can pump very sharply and it can give you better profits in compare to bitcoins.
I think buying both bitcoins and altcoins in their cheap prices will make you even more profitable.Yes there are really promising altcoins in the market same with those potentials bitcoins that will definitely grow their prices if you hold them for a longer term.
hero member
Activity: 1470
Merit: 504
Buy low and sell is the only strategy that everyone uses to make timely profits and if you see price dropping sharply then without wasting any time you should buy as many coins as possible and instead of buying bitcoin you should buy cheap altcoins that has potential to rise in future as it can pump very sharply and it can give you better profits in compare to bitcoins.
member
Activity: 392
Merit: 10
send and receive money instantly, with no hidden c
This is one of the best strategy that I've been using for a very long time..what's i liked most with this strategy is when you buy in the first dip,you still have some balances to buy if ever a double dip happens..when a market recovery happens and My second entry hits the price of my first entry i would sell all my second entry for some profits..studying the market and try using different percentage in your every entry,2 to 4 market entry is good enough for this strategy..

There a lots of good strategy to use for trading and the one mentioned above is one of them,It worked for me and many of us, but it's not a guarantee that it will work for you too.So if anyone would try using this strategy and not getting good results,using stop loss is always a good option.
I usually buy new coins on the trading floor, I find that new coins are traded after the ICO period, which usually drops significantly after one week as investors take profits so the thing to do is to choose Good coin to buy in and the opportunity to increase it back is great. I have used it for a long time and it works pretty well.
member
Activity: 96
Merit: 10
When it  drops, it means that it is the best time to buy,otherrwise just wait until you see a nice price and there is no signals of going deeper than that
member
Activity: 238
Merit: 10
“The Future of Security Tokens”
I wait in such times because it doesn't fall without reason, sometimes it may show us that situation will go only worse...
jr. member
Activity: 252
Merit: 8
This is one of the best strategy that I've been using for a very long time..what's i liked most with this strategy is when you buy in the first dip,you still have some balances to buy if ever a double dip happens..when a market recovery happens and My second entry hits the price of my first entry i would sell all my second entry for some profits..studying the market and try using different percentage in your every entry,2 to 4 market entry is good enough for this strategy..

There a lots of good strategy to use for trading and the one mentioned above is one of them,It worked for me and many of us, but it's not a guarantee that it will work for you too.So if anyone would try using this strategy and not getting good results,using stop loss is always a good option.
sr. member
Activity: 476
Merit: 250
When the downtrend is coming, it's a good chance to buy. Many people hope uptrend. The market will rise up again.

When the downtrend, it will be better to wait a bit till the price bounce back. We can use the price movement to notice it. But yes, it will need experience to catch such moment.
jr. member
Activity: 252
Merit: 2
I love buying when price goes down sharply,but it requires a good network, at the same time you might buy high if you are not smart,or having a good network..
sr. member
Activity: 700
Merit: 250
well that was averaging down, the problem was you don't know when the dip will stop are you gonna ride it to zero? so you must have a good plan into it with some chart skill and spot the bottom.

I agree, thats averaging and you should always have some spare money with you to buy coins whenever the price dips down. Dont spend everything in just one setting.
sr. member
Activity: 1079
Merit: 352
well that was averaging down, the problem was you don't know when the dip will stop are you gonna ride it to zero? so you must have a good plan into it with some chart skill and spot the bottom.
full member
Activity: 853
Merit: 144
I wait a little bit to buy when the price drops, assuming I still have some fiat.
But I never jump on the bandwagon as soon as there is a dip since there will probably be a small correction.
newbie
Activity: 196
Merit: 0
When the downtrend is coming, it's a good chance to buy. Many people hope uptrend. The market will rise up again.
sr. member
Activity: 1050
Merit: 251
Sure i did. last night and before the last night I bought a lot of Ethereum and altcoin . Today the market pumped and I am in profit all of my coins Smiley I am not going to sell all of my coin now. Would hold some and started doing regular trade with those coin . When price drops sharply I use those time for buy some good product (altcoin)

Don't just focus on ethereum only, because there's other alts that's promising to hold for months or even years. Ethereum was having good trends, but I don't think for now it has a long way to go for a good pumps despite of volatile market. However you might wonder right now that other new coins launced now started gaining its momentum and the price increasing every moment.
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