DO YOU BUY WHEN THE PRICE DROPS SHARPLY ? - page 26.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: pawanjain on February 28, 2018, 06:43:32 AM

It depends on the coin whether it is worth to invest in or not. If the coin has no potential then I would most probably not invest in it but if the coin has potential then I would look how low the price has gone from the past few weeks. I would understand the charts and predict how much the price would increase in future and then wait for the right moment to buy the dip. I wont put in all my money but rather invest a small amount so that I could buy more if it dips again.

Totally depends on the coin and it would always be in one's best interest not to try that with a shit coin.
I have seen this several times, as there are usually some small gaps in between a huge sell and then seeing some quick doji, but better to always make use of some indicators to make a safe move than a risky one all in the name of catching a quick falling price and thinking that would be the only saving grace, in a fast moving market when everyone is trying to dump, you may just end up screwing yourself up finding how to sell.

I remember how people were dumping on me last year when BTS was going to be delisted on bittrex without me knowing.

KEPLER99

full member

Activity: 448

Merit: 101

Quote from: btcformula on February 28, 2018, 08:38:50 AM

Your strategy is goof but also remember to Do trading patiently - This is the best strategy. Try to avoid fud news, this is the denjourus for market where suffer new invester

All those investors who are there in this market since some time must be very well aware of cashing that moment when the market value falls down as this is the only thing which can later on contribute in making of more money. I do buy as many coins as o can manage to buy at time when the market is falling down instead of getting panic and going for selling the coins which I already had.

chipzeru

member

Activity: 686

Merit: 39

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

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

I have the similar strategy as you. I always split my budget so if the price getting down again, i will buy with my second budget and so on.
But i only buy valuable altcoins so if the price keeps getting down, i believe it will pump again. I experienced this through Nano trading.

mann1983

newbie

Activity: 60

Merit: 0

Yes one should buy the coin if it drops sharply but that all depends on which coin you are trading into. For example if you trading on LTC, ETH,BTC,XRP etc such coins if drop sharply its actually giving the buying apportunity so it should not be missed and it bounce back sharply.

Waqas vicky

newbie

Activity: 210

Merit: 0

Yes, I always try to buy when I think price is drooping.
But this technique not works all the time, sometimes price drops more than expected.
But many times I earned profit by this technique.

napi

member

Activity: 350

Merit: 10

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

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

of course I will buy coin when the price goes down because when the price goes down it is a very good chance to buy bitcoin, not only that when the price goes down also very many new players who panic sell and it's a good moment to buy coin.

Barcode_

staff

Activity: 3136

Merit: 570

Join the world-leading crypto sportsbook NOW!

Yes, I do try my best to purchase bitcoin and altcoins whenever there is a sharp drop in price, but my situation is almost the same as the OP, the price just kept on dropping more and more after I have completed my orders on crypto-currencies exchanges, and I often need to hold my bitcoin and altcoins for quite a long period of time before I can sell them away for a profit.

canaveralnonie

full member

Activity: 518

Merit: 111

Dota2

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

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

Well, that is a realistic and effective move if you know what are the company or token that has a good history when in comes of crypto service.
Just choose the best because it's still risky move if you choose a low value token that has a lot of internal issue. But for me it is good, just for example, like the first month of 2018 the bitcoin is dramatically goes down, for me it's better to buy on that time cause you know the foundation of bitcoin and to be honest in your self, the bitcoin can rank up the value again. If you continue to have profit on that move, well done, keep it up folks.

CoinCollector006

sr. member

Activity: 350

Merit: 251

Quote from: omonuyak on February 28, 2018, 07:41:37 AM

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

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

A very good strategy but it is not recommended that you should buy when price is at the stage of dumping as the coins may find it very difficult to recover after that and you may still even end the last 30% at loses.I always advice traders to trade using the technical analysis and candlestick chart patterns as this is more accurate than any other strategies.

Yes, I buy coins when they are going down but its a very dangerous strategy to implement. Buying falling knives can lead to disastrous losses if the asset you are buying continues falling. Many people have gone bankrupt buying falling knives for the following reasons.

1. Their emotions overpower them and they sell out of their shares or coins due to panic selling at the worst possible time.
2. They used leverage and they were forced to sell their shares or their coins by their friendly broker.
3. They have unanticipated bills due to medical expense, auto repair expenses, tuition for child, etc and need to liquidate assets to pay the obligation

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: uelque on February 28, 2018, 11:33:59 PM

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

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

That would be a long HOLD before you own a sufficient return and is so much risky. I once did it before, and due to no assurance that I will earn a profit that I can say sufficient enough, I switch to another coin with a price gradually increasing and it's all worth it. And after few months I look back to the first coin I once bought, and I'm glad I made a perfect decision. Cool

Sometimes, not all coins that drops sharply is beneficial through time. We should also make a RESEARCH first and don't just follow are own-made patterns. I proved it myself, a much higher percent of time and risk is associated on that kind of strategy. Always be careful!

Agreed.Not only the price we should look into it but also the coins itself,if they have potentials worth it to be invested or does not contain at all.But i know most of us here when dips are happening,we instantly buy them if we have enough funds onhand,maybe because bitcoin is very volatile and the next minute it will rise up instantly.

sugihe

full member

Activity: 196

Merit: 100

Quote from: pawanjain on February 28, 2018, 06:43:32 AM

It depends on the coin whether it is worth to invest in or not. If the coin has no potential then I would most probably not invest in it but if the coin has potential then I would look how low the price has gone from the past few weeks. I would understand the charts and predict how much the price would increase in future and then wait for the right moment to buy the dip. I wont put in all my money but rather invest a small amount so that I could buy more if it dips again.

Its martiangle or maybe averaging. Its very famous strategy in forex. This is also worth in crypto trading.
So how you will know the good altcoin or not? In my opinion, since i am beginner, i am more interesting to choose top marketcap altcoin.

vv181

legendary

Activity: 1932

Merit: 1273

The good way to do it if you buy at the current support level, in case it breaks the support level then it will surely drop sharply. then you accumulate more the coins, and keeps repeating that. Personally, I have been tried that strategy, and mostly work. But actually its really bad, if we aim for a short or a medium-term position. That strategy will lead us to long-term if the price didn't come back up sooner. We better to buy coins at a support level, and put a stop losses order below the support level, if a coins tip the support level probably there is a chance the price will rising a bit.

uelque

full member

Activity: 812

Merit: 126

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

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

That would be a long HOLD before you own a sufficient return and is so much risky. I once did it before, and due to no assurance that I will earn a profit that I can say sufficient enough, I switch to another coin with a price gradually increasing and it's all worth it. And after few months I look back to the first coin I once bought, and I'm glad I made a perfect decision. Cool

Sometimes, not all coins that drops sharply is beneficial through time. We should also make a RESEARCH first and don't just follow are own-made patterns. I proved it myself, a much higher percent of time and risk is associated on that kind of strategy. Always be careful!

Coin12

full member

Activity: 238

Merit: 102

1st of May

Quote from: whirlcoin on February 28, 2018, 05:54:54 AM

But it is not applicable for all the coins many altcoins will fail to recover if the price fall is huge so it is also risky too,I will invest on the coins which price was stable because these coins can give good profits in long term with low risks.

What coin is stable mate? I never found one of stable coin during i am here.
All coin remain high volatile, not unless bitcoin too. So all people should know this.

sachdientugoogle

full member

Activity: 630

Merit: 101

If you consider the fact that a digital currency might make a jump forward sometime in the near future, Bitcoin’s features can make some believe that it will be a main cryptocurrency for the following reasons. First of all, Bitcoin is the currency of the internet and unlike real money, Bitcoins are issued and managed without any central authority whatsoever. Second, for this reason, it is more resistant to wild inflation and corrupt banks.

FrueGreads

legendary

Activity: 1582

Merit: 1059

Well I do believe in bitcoin technology, and potencial, so for me that is a good investment strategy. I mean, if I believe in it's value, and the price drops, then it's like getting them on sale, so of course I buy if I can. From a trading perspective, and with the focus being just on the profit, then I would say that's a risky strategy. There are very good rebounds on crypto, but don't forget we are still in a bull market. Not as exuberant as it was in the last months of 2017, but still a bull market. So those bounces still work. If we ever get in a bear market, then the price fall more that it would rise, and you would not manage to make profit.

If you are in it for the long run, then go for it. If you are in for the short term, then you must be carefully analyze all your entries as the days go buy.

aceptamosbitcoin2

newbie

Activity: 53

Merit: 0

ATTENTION

the user aceptamosbitcoin stole the user account in this forum.

You are using my name account.

I am already taking the necessary steps to be able to recover my account again.

Please ignore your comments or your signature is a scam.

theunbeatable

sr. member

Activity: 546

Merit: 258

I could either watch it happen or be a part of it

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

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

This is not possible in all coins, I think I'll lose, and I don't have that much money to invest like that. A 30% dip is possible but a 30% bounce of prices is hard to achieve. Goss strategy but you need to be really full time on this one. The situation of the market is a lot worse than last year I think. It is much easier to buy which are the potential coins last year.

I only trade BTC now, I don't have much trust on the new alts these days.

kolitski

member

Activity: 518

Merit: 10

Im always looking price drops because that is my chance to buy several coins with their potential to increase and that's why you earn profit from your buying, not all the time when your favorite coins will drop sharply if that is happen grab the opportunity to buy.

gantez

full member

Activity: 1736

Merit: 121

I do such when I see the prospect of the coin especially when I have sold off at very higher price and expecting a fall, I will wait to reenter again. Therefore, I catch in the trade immediately I see the sharp drop because I want to follow the move up again.

Topic: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ? - page 26. (Read 4008 times)