Topic: How do you decide on a buy price target? - page 3. (Read 752 times)
Dont put all your money in to 1 or just 2 coin man. Put it separately in to 10 different coin. BRC20 maybe good choice too. Maybe it will be the next big thing for the nezt bullish cycle, everyone ape in to it right now and i saw new BRC20 project every day. And for " how i decide on buy price target " i my self atart buying 10% of my target investment after the coin down 50% in crypto winter / correction phase like now.
You must be sure that the investment you make in crypto currency can generate profits in the future,
And actually this does not apply to all cryptocurrencies, because most of them choose lower ones but the certainty is uncertain in the sense that they choose the wrong Altcoins, because this will also have an impact on their future, because of this everyone who wants to do Investments must pay attention to which Coins they should hold for the future, because this determines their success in the future.
but the question is how? moreover determining the lower price of these altcoins are also whole lot another level of difficulty.
Right now i don't have any target i just keep DCAing and i think the bear market is not over just because there is still too much optimism and greed. Maybe there is more pain to come.
Maybe we are already in the bull market and we don't know yet.
To have no target might be better because it allows us to continue buying. 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. If you are confused if we are still on the bear or we are already in the bull run, I think we are still in the process of going out in the bear and we are now heading in the bull run.Maybe we are already in the bull market and we don't know yet.
There is optimism and it's a good thing. I think this is also the reason on why we are rising. If there are greed, that is when people continuously buy. There is no greed for selling yet because the price is not really great for selling. Pain is normal but please don't hope for it because the more it will come.
You must be sure that the investment you make in crypto currency can generate profits in the future,
And actually this does not apply to all cryptocurrencies, because most of them choose lower ones but the certainty is uncertain in the sense that they choose the wrong Altcoins, because this will also have an impact on their future, because of this everyone who wants to do Investments must pay attention to which Coins they should hold for the future, because this determines their success in the future.
speaking of the truth, you will never know when is the bottom, what you can do is, after some massive correction, starts your way from there, make accumulation since it's quite good entry anyway, i doubt it will not be bountiful investment for the future.
if you are in doubt, then your efforts will be in vain.
You must be sure that the investment you make in crypto currency can generate profits in the future,
especially now that there are many altcoins at the bottom, you shouldn't think too much about it,
I have also bought altcoins my choice this year and I hold for the bullish season.
Right now i don't have any target i just keep DCAing and i think the bear market is not over just because there is still too much optimism and greed. Maybe there is more pain to come.
Maybe we are already in the bull market and we don't know yet.
The bear market is very likely over, but the bull market is still not present yet, so we are on a period of transition in which literally anything can happen, this is why the predictions coming from investors are all over the place as no one can really tell what it may happen next, so using a DCA strategy right now is not a bad idea especially if you are buying good coins, as we know that sooner or later those coins are going to recover their former glory and go up in price in a dramatic way. Maybe we are already in the bull market and we don't know yet.
speaking of the truth, you will never know when is the bottom, what you can do is, after some massive correction, starts your way from there, make accumulation since it's quite good entry anyway, i doubt it will not be bountiful investment for the future.
Right now i don't have any target i just keep DCAing and i think the bear market is not over just because there is still too much optimism and greed. Maybe there is more pain to come.
Maybe we are already in the bull market and we don't know yet.
Maybe we are already in the bull market and we don't know yet.
@OP should look for other coins that also have the potential to go up, especially if the coins that caught @OP's attention have risen.
That would get him stuck buying at a high price and having to wait a long time to be able to sell them and that is if the coins can go higher than the price he bought them for.
In buying a coin or coins, I will pay attention to when the price can go down and if it can go down further, it will be an opportunity to buy it.
If I saw the drop deep, I might buy it for less money to see if there would be another dip.
But if not, I will increase my purchase amount for more quantity.
That would get him stuck buying at a high price and having to wait a long time to be able to sell them and that is if the coins can go higher than the price he bought them for.
In buying a coin or coins, I will pay attention to when the price can go down and if it can go down further, it will be an opportunity to buy it.
If I saw the drop deep, I might buy it for less money to see if there would be another dip.
But if not, I will increase my purchase amount for more quantity.
it's really hard to decide the right buy price target, of course everyone definitely gonna choose the lowest price for buying target but the question is could they?
most of them are just gonna follow the flow, don't know whether their entry is good and only later they gonna find out about it.
I agree that determining the right entry point for a cryptocurrency investment can be challenging. However, it's important to consider various factors and strategies to make an informed decision. One approach you can take is to look at historical price levels and support/resistance zones, as you mentioned with Optimism reaching $1.3. Another strategy is to use technical analysis tools like moving averages, RSI, and Fibonacci retracements to identify potential buy zones.most of them are just gonna follow the flow, don't know whether their entry is good and only later they gonna find out about it.
Additionally, it's crucial to stay updated on news and developments surrounding the projects you're interested in, as these can significantly impact the price. While it's impossible to predict the exact bottom or top, having a well-researched plan and using a combination of strategies can help increase the chances of a successful investment. About accepting Bitcoin payments and converting them to stablecoins, it seems unrelated to the main question. However, it's a valid point that businesses can accept Bitcoin and later convert it to a stablecoin if they prefer to avoid price volatility.
You can't determine how far down it will go. So you have to decide on 0.5%, but you can proceed according to your decision.
Its very hard to know the exact price where we should buy because this point is called All time Low from here coin will bounce back but there are some coins that we can analyse its price of buying. now if we see the graph of arb and sui token to then we will see that the buying range is 1$-1.05$ because from that point it's bounce back many times. this is the point where the buying demand is high. similarly we can analyse btc for short term and any other altcoins at this way.
if you want to buy altcoins or Bitcoin at low prices it's very easy,
you can wait until bad news comes and the Bitcoin price will of course dump as well as altcoins,
or use technical analysis with support and resistance,
if the price touches support you can accumulate, and if pump to resistance we can sell it.
you can wait until bad news comes and the Bitcoin price will of course dump as well as altcoins,
or use technical analysis with support and resistance,
if the price touches support you can accumulate, and if pump to resistance we can sell it.
it's simple for me, I research for good projects and buy their tokens on presales or token sales
this time I think NeonLink has a potential to be a top web3 project of 2023
When considering entry points for investments like Optimism and ImmutableX, it's important to assess multiple factors. Firstly, look at the overall market conditions and sentiment. A significant drop from the top or a reasonable percentage above the bottom can be potential entry points, but it's also important to consider the project's fundamentals, roadmap, and adoption potential. Additionally, analyzing historical price levels and support/resistance zones can provide insights. Ultimately, combining technical analysis with fundamental research and having a clear investment strategy can help you make informed decisions.
My strategy is to wait for the price to stabilize and assess market conditions before making a purchase. This requires you to have patience with the market to be able to increase the probability of buying at a good price and avoid buying at potentially high prices or during volatile periods. Allocating a plan and having the ability to add more in the event of an unsatisfactory outcome will reduce the chance of further risk. Also, knowing when to sell or continue holding based on your assessment of a project's prospects is critical to making informed decisions and managing your portfolio effectively.
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?
Buy low and Sell high.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?
30-40% price drop is actually a good time to buy but we also have to consider the potentiality of the said project as well. It is very important to look further at its previous price trend and make a base of it when to buy. But as I usually did, I just bought when there is a correction happen and sometimes I bought at the moment when it started to recover.
Generally, it really depends on us what is our target price and that also depends on the current situation. It should be analyzed so well and make a decision that we think is right.
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?
Whenever a certain project does have a freefall or having a plunge then you would be mainly thinking that there's might something wrong but you should be looking around if Bitcoin is really mainly on downtrend?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?
Because this is usually most projects in the market would be dragged down below without having any reason as long Bitcoins price is going down and this one is something that absolute most of the times.
If not then you could always make out some research on whats the actual reason of the dip? If there's none then this is where you would really be making out some technical analysis because this is where
usually people or traders would really be basing up their entry point basing into those potential points which the price could possibly go down even more. When it comes to decisions then this is where
it would really be depending according into your likings or preference and this is something will really differ into each other. We do have different approach when it comes to selecting
projects and this is why if you do see that Optimism and ImmutableX is something that is good to be dealing up with then its your actual choice.
I'm not sure if this is worth it if you're taking these two coins too seriously. You can ignore them and move on to the good and unappreciated coins. Trying to buy a currency when it is in a downtrend is indeed very riskyeriously. You can ignore them and move on to the good and unappreciated coins. Trying to buy a currency when it is in a downtrend is indeed very risky. You won't know where support is, for sure. It is true that DCA can reduce the risk of this, but it doesn't matter how many times you have to stop DCA. So it's best to ignore it and switch to another coin that will be a better choice.
all time high point could be pretty much a good reference for someone that wanna make an entry, but I usually see the chart and find whether it's already going down so much by gut feeling so i guess it hardly replicated by others.
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