DO YOU BUY WHEN THE PRICE DROPS SHARPLY ? - page 28.

Manchumichael

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Quote from: BingoDog on February 28, 2018, 09:13:33 AM

If I have free funds, yes.
When the price is down it's always the best time to buy because from my experinece of few years with bitcoin I know that price will go up again and I will make some money. But people very often make the terrible mistake and they start panic selling which can only make the situation worse. You just have to be patient enough but investing isn't for people who don't have enough nervs anyway.

People who have experience in this field they actually use this opertunity and buy more coins when the prices are dropping. people who don't have the experience in this field they will do mistakes and do panic sell. according to me, price fall is an advantage for us.

inskraer

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Good strategy. I purchase when price sharply drops and selling on high price. I always leave 30% for emergency purchase of coins on the bottom

Caladonian

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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

You can do that as long as you understand how the market works, I think you can always add some spice to that strategy buying while the price is dropping and keep anticipating that the value will still possible to drop more, keep buying in the blood market then keep holding then wait until you find the suitable
value to sell with your earnings.

BingoDog

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If I have free funds, yes.
When the price is down it's always the best time to buy because from my experinece of few years with bitcoin I know that price will go up again and I will make some money. But people very often make the terrible mistake and they start panic selling which can only make the situation worse. You just have to be patient enough but investing isn't for people who don't have enough nervs anyway.

Fuhre

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Your IMO Be in the same boat with others, this is actually a common strategy for users. you can see the threads that before had ever made other people. Cheesy

haroldtee

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You'd still need to be more careful though, but I totally relate with what you are saying. It simply makes a lot of sense to buy when there is a huge sell in the market which probably is due to panic and leads to some getting oversold, and then selling when the confidence is about gaining back or when the indicators are probably telling you it is time to move out of such market.

From the OP's strategy and the fact of believing that the value is always going to increase in the long run anyway and setting aside a part of your fund for such situation to make some good profit from that makes a lot of sense but you need to be able to discern quickly. It is more like following Buffet strategy.

btcformula

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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

Theb

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Ever heard of the saying/advice "Don't Catch a Falling Knife" well it applies to cryptocurrencies as well. Even though it has fallen a lot there is no guarantee that when you buy it will stop falling, that is why the best way to buy is when it has bottomed out already or when it is starting to recover, yes your opportunity to buy it at its lowest price is gone but it is more safer for your capital as you are sure that it won't fall deeper than you have expected. Do not be trigger happy when seeing it crashing as there is always the perfect opportunity to buy.

samcrypto

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If its good coin then so be it, go buy at the dumping price. Buying at a lower price are better than buying at a higher price and selling it at a loss. But you have to make sure that you are doing well on reading the market, though this is a good strategy still not recommended for those who have weak emotion because you can't control the market and it might go deeper that can cause you to sell at loss.

bakujo0817

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its depends of the coin thats drop price rapidly i only choose the coin that has good potencial and also i search why it drop rapidly before put buy order .

Ailmand

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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 am not sure if there is such a way to determine that. As much as everything in this market happens quite fast as compared to other trade and investment markets. I still think that everything takes some sort of process and follows a specific curve, and that includes coins in this markets when they sharply drop. Therefore, for you to determine when it would have a big dump in value to prompt a perfect time to buy, then I would suggest for you to follow its movements and trends, and to check how long it has taken that path to determine if it will continue to go up or go down. For me, what I do is I wait for the asset to go down, and at the first instance of its rise, I try to buy some, so that if it continues to go down, then there won't be much regret because the value is still low, but if it will go up, then I would surely make a profit.

r32godzilla

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Yes i too buy during the price drops.But most of the newbies would be totally doing the opposite by selling their coins in panic while price drops.But those who follow the rule of warren buffet to buy when every one sells would be doing a wise investment.

Most of the early investors quietly buy as much coins as they could during price drops without complaining and by doing this way,they accumulate huge volume of coins.

omonuyak

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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.

Icaxx

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Quote from: nskendrovic on February 28, 2018, 05:49:29 AM

Yes I always buy when the price drops sharply.

You should at every drip if you have the money. Bitcoin's price will increase a lot in the future so buying at any price makes sense but buying at low points mean you will easily make a profit. It can also take a long time but buying and holding is a good way to make a profit.

Its more easy to earn profit if we buy low price.
Although we dont get profit, at least we reduce the risk of lose if we buy low. Dont ever buy in the top.

mobnepal

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Most of the coins that goes down might come up again when FUD around it settles down but for some scam coins which were previously pumped hard by some pump group or dev himself might keep on falling when dump starts.

So you should only use this strategy with coins that have really high daily trading volume and also not when whole crypto market is under bloodbath.

I mostly do day trading so can't wait for big dump or pump, I am making profit with even a small daily price swings. Long term investment is also option for me, I am buying some potential cheap tokens/coins with my daily profit to hold for long term.

1Referee

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Quote from: Matthewmorris4 on February 28, 2018, 06:28:38 AM

Before buy we should do some TA to know where the next price will be, if its still can going down them wait for it and make a bid

TA will not provide you any specific answers of what the price will do - it's just an indicator of what the price might end up doing. Keep in mind that the more active a market becomes, the less effect TA will have, and thus the more you need to stick to your own action plan. It makes sense because the more active a market becomes, the more greed and fear start to play an important role, which are the most unpredictable aspects of a market, and especially when it comes to Bitcoin's market. Whether people like to admit it or not, this market consists for the major part of speculative influences, and the other small part are believers of Bitcoin's long term potential. It has always been like that, and will likely not change in the forthcoming years.

aceptamosbitcoin

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I'm first checking for the reason of the drop. If I don't find any big negative news, I'm buying.

On small market cap coins it's not so rare somebody to drop a huge /to the coin/ amount and ruin the price for few minutes, then it's auto-recovering in few hours.

tweetbit

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I do make my own strategy and highly dependent on what coins it is. With no doubt in bitcoin i always buy on low price without thinking about the lowest it would become because I’m sure I’ll profit in anyways so I don’t wait too much. Right? But in altcoin I always give time to it and make sure the project is progressing, so research first before deciding on how much are you risky investing to it.

Augor1

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Yes, I always try to buy the dips. The hardest thing about buying the dips is trying to predict the bottom, if you are too indecisive and decide to wait for the price to keep tanking it recovers and you are regret not buying.

pawanjain

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Nothing lasts forever

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.

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