How do you decide on a buy price target? - page 2.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Desscount on June 27, 2023, 04:57:45 AM

Quote from: raidarksword on June 27, 2023, 02:48:24 AM

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

Yes implementing DCA is indeed a good option and many people also use the method,
crypto market is constantly moving and instead of wasting time on predicting better use that time to follow the market,
it will be more useful for sure.

DCA can be a very effective tactic but only on the right hands, as there are many people out there which see the DCA and may think it is too simple, and the truth is that the are right, but just because a tactic looks simple that does not mean that is simple to use, as buying when the price is falling is incredibly hard and many people will at that point decide against following their DCA strategy, which is a huge mistake as that is the perfect moment to buy and to load as many coins as possible.

makishart

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Quote from: BaeSuzy on June 25, 2023, 05:47:59 AM

DCA is probably the safest. However, If you see a coin pumping and you want to join early - usually best to wait for the little dip after the pump. Try not to buy the top of any coin.

It's still a very risky decision. I remind you that if there will be no guarantee if the pump will remain very long. Look at how so many people trapped at the peak price once they were buying meme token when the price pumped so hard.
What kind of coin is also affecting our decision to predict it. Remember always try buy at the bottom or when the market was in red paint. Many people were always tajking the risk by scalping it.
It can make people lose their money in a seconds or minutes. I just try to decide to buy when the price already reached the bottom and it's always working but the only problem if we must also prepare cut loss caused by the price sometimes can go even lower.

Desscount

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Quote from: raidarksword on June 27, 2023, 02:48:24 AM

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

Yes implementing DCA is indeed a good option and many people also use the method,
crypto market is constantly moving and instead of wasting time on predicting better use that time to follow the market,
it will be more useful for sure.

raidarksword

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Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

RussianEnglishTranslation

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Quote from: NIrish on May 11, 2023, 11:47:44 AM

I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.

Now they are both in freefall and I'm considering an entry point.

How do you decide where to take the plunge? A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?

Or do you get buy targets from another source?

Look into Oasys. Their discord got hacked so the token price probably went down. They are similar to ImmutableX but have Squaresoft and Sega on board. Also look into Q Blockchain and IOTA. They are regulatory compliant and doing digital ID in Europe.

Sebas.tian

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I always follow up with the red light to ensure I get the amount of altcoins I want to buy and hold for the green light to come up in a way I will not regret for the money I invested in that particular altcoins. I purchased some altcoins ending of last year when the price was very low in the market, because there are many altcoins investors in the community waiting for the price to decrease down to their target before they can buy at the moment but the price of altcoins started increasing early this year that made them to missed the opportunity at the moment. It will be favourable if you can exercise patience for the price of altcoins to decrease down to your satisfaction before you can make a demand from the market to meet up with your buying target.

nur rochid

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to place a buy target, I usually look at the previously formed support. Besides that, I correlate it by drawing Fibonacci lines to find out price declines. I usually place the golden ratio at the 50% -61% line. that's where my buying area is planned. but it can also be seen from the support that is formed so that we will be more valid placing pending orders. on the other hand, don't spend capital all at once, considering that no one will know the market, so we have a reserve fund to buy it back if it doesn't go according to plan

WalkerIVIV

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Quote from: BaeSuzy on June 25, 2023, 05:47:59 AM

DCA is probably the safest. However, If you see a coin pumping and you want to join early - usually best to wait for the little dip after the pump. Try not to buy the top of any coin.

when that occurs you're probably already late in the game. there are so many altcoins that outright just lost value after the first pump, it has been like that with other altcoins too these past few weeks.
after having pump they just couldn't get back up to their former valuation.

monineklutak

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Quote from: tvplus006 on June 15, 2023, 05:17:56 PM

Quote from: BitcoinBabbler on June 06, 2023, 03:24:57 PM

No target to have is might better because they accept buy continuously and they Usually, when we set a target buying price,we are making sure that it is the best price and we ignore the fact that it is not going to be easy. There is optimism and it's a good thing. I think this is also the reason on why we are rising.at last we are running in race like that we think it.

No matter how you feel about technical analysis, you cannot ignore the fact that there is a level of support and resistance. Accordingly, you should make your purchases from the support level. And if you also use DCA, you will get an excellent average coin price.

Buying altcoins or bitcoins does have to use technical analysis, especially during the bearish season, the price of cryptocurrencies,
especially altcoins will be very volatile, if you don't know about support and resistance then you will get lost,
support and resistance are very important things we know before we start investing or trading

BaeSuzy

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DCA is probably the safest. However, If you see a coin pumping and you want to join early - usually best to wait for the little dip after the pump. Try not to buy the top of any coin.

tygeade

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Quote from: livingfree on June 15, 2023, 05:32:28 PM

No source, no signals.

But what I do is look on the news if there are already existing bad news for the coin that I am about to buy. But there's one exception of course and that's bitcoin.

Lacking of what you do in researching is where the other investors and traders are keen about. Those that have got experiences are making it sure that they'll be able to see what's behind the project and not just buying because of hype.

That is a good idea because there are so many projects that rarely have nothing going for it, there are so many projects that constantly have something going on that I feel like it's not going to be that easy to make a decision on it neither. This is the reason it is a lot easier to decide if a project is doing alright or not, because if there are good news then there is a possibility that it will be a good project, if there are bad news then we are going to see it do badly.

This is why I believe that we should be doing as well as hoped for and maybe that will change our life for the better. I think it's not that weird to consider that news have a bigger impact on altcoins than chart, because alts are not that high on liquidity so charts matter a bit less there.

tvplus006

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Quote from: newdevices on June 16, 2023, 01:20:20 PM

Then what about altcoins that don't have support?
and if you look at the chart it has reached a new all time low and even if we buy it will still continue to fall,
and there is no bottom below, how? what should we do to buy that altcoin?

Altcoins also have support levels that break through just like bitcoin's support level. So we cannot know in advance whether the support level will stop the price, and for this reason we will have to place a stop order below this level. In this case, we will reduce our losses if the price continues to decline. As for new buy orders, they should be placed at the new support level and we will certainly get lucky sometime.

SirLancelot

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Quote from: tvplus006 on June 15, 2023, 05:17:56 PM

Quote from: BitcoinBabbler on June 06, 2023, 03:24:57 PM

No target to have is might better because they accept buy continuously and they Usually, when we set a target buying price,we are making sure that it is the best price and we ignore the fact that it is not going to be easy. There is optimism and it's a good thing. I think this is also the reason on why we are rising.at last we are running in race like that we think it.

No matter how you feel about technical analysis, you cannot ignore the fact that there is a level of support and resistance. Accordingly, you should make your purchases from the support level. And if you also use DCA, you will get an excellent average coin price.

Both technical analysis and support and resistance levels can be good indicators but we can also not ignore the fact that real world events can always make things go ways we never expect, so it is obviously better if we also keep an eye for that and buy accordingly, if we are uncertain about the changes to come but the price is pretty good, we should simply start doing DCA right at that time.

Someone who does DCA with coins that they want to purchase and keep until the bear market will actually be the one who wouldn't miss any dips and at the end, they will have a very good average buying price for each token they've been buying with DCA method.

newdevices

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Quote from: tvplus006 on June 15, 2023, 05:17:56 PM

Quote from: BitcoinBabbler on June 06, 2023, 03:24:57 PM

No target to have is might better because they accept buy continuously and they Usually, when we set a target buying price,we are making sure that it is the best price and we ignore the fact that it is not going to be easy. There is optimism and it's a good thing. I think this is also the reason on why we are rising.at last we are running in race like that we think it.

No matter how you feel about technical analysis, you cannot ignore the fact that there is a level of support and resistance. Accordingly, you should make your purchases from the support level. And if you also use DCA, you will get an excellent average coin price.

Then what about altcoins that don't have support?
and if you look at the chart it has reached a new all time low and even if we buy it will still continue to fall,
and there is no bottom below, how? what should we do to buy that altcoin?

livingfree

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No source, no signals.

But what I do is look on the news if there are already existing bad news for the coin that I am about to buy. But there's one exception of course and that's bitcoin.

Lacking of what you do in researching is where the other investors and traders are keen about. Those that have got experiences are making it sure that they'll be able to see what's behind the project and not just buying because of hype.

tvplus006

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To the Moon

Quote from: BitcoinBabbler on June 06, 2023, 03:24:57 PM

No target to have is might better because they accept buy continuously and they Usually, when we set a target buying price,we are making sure that it is the best price and we ignore the fact that it is not going to be easy. There is optimism and it's a good thing. I think this is also the reason on why we are rising.at last we are running in race like that we think it.

No matter how you feel about technical analysis, you cannot ignore the fact that there is a level of support and resistance. Accordingly, you should make your purchases from the support level. And if you also use DCA, you will get an excellent average coin price.

South Park

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I am terrible at Fantasy Football!!!

Quote from: tvplus006 on June 06, 2023, 03:13:48 PM

Quote from: SaveOurSea on June 05, 2023, 05:11:15 AM

...You must be sure that the investment you make in crypto currency can generate profits in the future...

In the cryptocurrency market, you cannot be 100% sure of anything, since the market also depends on news that cannot be predicted due to the lack of insider information. The only thing that will help to save your deposit is to adhere to the risk management strategy.

Yes, the only thing we can be sure about this market is that anything can happen at any time, now this is a characteristic that we may not like about this market in particular but we cannot do anything to change it and we can only adapt to it, this is why our risk management strategy is so important, as when the market moves against us then we can protect ourselves very well from the adverse effects such movement could have on our finances and reduce the damage to our account to a negligible level.

BitcoinBabbler

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Quote from: woksy on June 05, 2023, 11:21:25 AM

Man I buy at the very start on presales
now I'm into NEON, public sale soon, I think that when you're researching for cool projects before the hype -"magic" happens
Not magic of course, simple math, good team and product - nice impact
And when it comes to tokens that are already hyped, I'm waiting til the hype comes down
Second or third wave after updates or new hot releases

No target to have is might better because they accept buy continuously and they Usually, when we set a target buying price,we are making sure that it is the best price and we ignore the fact that it is not going to be easy. There is optimism and it's a good thing. I think this is also the reason on why we are rising.at last we are running in race like that we think it.

tvplus006

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To the Moon

Quote from: SaveOurSea on June 05, 2023, 05:11:15 AM

...You must be sure that the investment you make in crypto currency can generate profits in the future...

In the cryptocurrency market, you cannot be 100% sure of anything, since the market also depends on news that cannot be predicted due to the lack of insider information. The only thing that will help to save your deposit is to adhere to the risk management strategy.

woksy

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Man I buy at the very start on presales
now I'm into NEON, public sale soon, I think that when you're researching for cool projects before the hype -"magic" happens
Not magic of course, simple math, good team and product - nice impact
And when it comes to tokens that are already hyped, I'm waiting til the hype comes down
Second or third wave after updates or new hot releases

Topic: How do you decide on a buy price target? - page 2. (Read 839 times)