Topic: how do you determine what to buy and which tools you use? (Read 196 times)
For me, I do use the marketcap and watch which coins are gaining big time. There I use my luck to trade a coin with a high volume. In every trade that I do, I only take 3-5% gain and uses a stop loss of 10%.
I trade on Bittrex and use TradingView to watch charts of alt's to the dollar that are calculated by TradingView. I'm looking for a formation and picking coins for trading for a day and a week.
Actually good news and bad are really influence the price. But you must have base to read graphic because with it you can decide which one coin direction you have. Don't depend on one stock exchange, watch the other too.
I always buy two different ways like one based on the coins future use means these coins I buy and store them and will not sell for small profits instead keep it for the long term to multiply my investment. The second type I will buy based on rumours and sells at the news to make some quick profits but this method may not work every time because if you miss selling at right time then suddenly these coin prices may come down.
Basically these are the two ways I normally follow in trading. Mainly the first one I do because I feel more safe in long term investments.
The second way I think is very effective if we can follow the rumours & news on time.
For the news I follow at coinmarketcal.com, but for rumours
I actually don't know, maybe this forum can be handy.As it has been said by a wise man (I don't know who the wise man is/was), he/she introduced a good technique. If correctly executed than a good profit can be expected.
I follow another way by keeping eye on signal groups.
So when I see a signal for a coin, I immediately check for the chart, news etc to convince myself to execute the trade. But most of the time I'm not convinced.
I usually buy when the fundamental analysis coincides with the technical analysis and the asset is not overheated
What tools do you use while you trade?
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
I'm a kind of trader which do make use of technical analysis which I do usually use on Moving averages,Support and Resistance levels and trend lines.These are common things I do plot on charts when seeing some coins to invest on and to have back up or making chances to be big then I do also seek for fundamentals which is on news or any other informations related to the market. By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
What tools do you use while you trade?
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
I follow coin market cap very closely for coin prices and for market caps. I also scour YouTube for videos than analyze various coins. There are some people that show how they chart the price of cryptocurrencies. You have to be careful though because some of them seem to know what they are talking about and others don’t. There are also so many different coins out there right now that it’s hard to choose what to invest in.
I was watching YouTube but I don't know shall I trust those guys, I guess many people take their advises there which is why it should be on my list just to make sure. But for instance I was looking into investing into this btconnect because some YouTuber with good amount of people following him, so I thought it was good, yet I hear they did exit scam which is great since I haven't invested in it. But want to point out that those YouTube guys could easily advertise things they own so they profit at end. It's a scary game that is being played.
Anyway I started looking at charts at trading view, hopefully those guys know what are they doing.
What tools do you use while you trade?
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
I follow coin market cap very closely for coin prices and for market caps. I also scour YouTube for videos than analyze various coins. There are some people that show how they chart the price of cryptocurrencies. You have to be careful though because some of them seem to know what they are talking about and others don’t. There are also so many different coins out there right now that it’s hard to choose what to invest in.
Having a thorough knowledge about the coins or any stock/share before buying it is a must have tool before trading/investing.
One should know what they are putting money into. Mere surface knowledge will not provide that in-depth information about anything substantial.
Also looking at how it is performing in the market is essential as to ses and get a good enough prediction startegy.
The functioning and basis of certain coins has to be understood before buying them. Just because everyone is talking about it shouldnot determine what you think of it. One should do reserch on self behalf and find out if its aot for them to invest in or not.
One should know what they are putting money into. Mere surface knowledge will not provide that in-depth information about anything substantial.
Also looking at how it is performing in the market is essential as to ses and get a good enough prediction startegy.
The functioning and basis of certain coins has to be understood before buying them. Just because everyone is talking about it shouldnot determine what you think of it. One should do reserch on self behalf and find out if its aot for them to invest in or not.
How do you find long term coin? Do you reach for community? Because I've been involved in some discord groups where they hang out and said these guys seem positive with nice devs, bought the coin and it moves here and there but nothing spectacular.
For news do you go with these pump and dump groups? I see they are popular way of earning, but I am skeptical but I hear people are earning more than 0.1 btc a day and some say they even earn like 0.5, think all depends on how much I invest in but would you go with these groups?
For news do you go with these pump and dump groups? I see they are popular way of earning, but I am skeptical but I hear people are earning more than 0.1 btc a day and some say they even earn like 0.5, think all depends on how much I invest in but would you go with these groups?
I never trust pump dump groups. They work I know but they could be dangerous at times. I have some facts about them. The pump groups work not he trust factor of the group members. Sometimes there are many shit people who just join the groups to have fun. These groups define the exact coin, time of pumping and dumping it. This needs a lot of co-ordination but many times it could happen that they might just drop in panic and we may loose the investment that we made.
Quote
earning more than 0.1 btc a day and some say they even earn like 0.5,
Yes thats possible but make sure you join the group with high trust and make sure they already have good community members. Otherwise you might loose that much money!Quote
think all depends on how much I invest
Yes. 
I have my own local exchanger and expert bitcoin trading that predict bitcoin value !
I can decide whenever I purchase bitcoin in right time or not but it's back on your decision because it can't be 100 % accurate !
Here's his prediction :
https://imgur.com/odfeGj0
The beginning of 2014 ( Drop price )
https://imgur.com/wdiNmwj
The beginning of 2015 ( Drop price )
https://imgur.com/ffcD8Rf
The beginning of 2016 ( Drop price )
https://imgur.com/7A2hHIt
The beginning of 2017 ( Although bitcoin experience downtrend, it recover more fast than last year )
https://imgur.com/UMxtj1V
And here's the prediction for BTC/USD on 2018 ( drawn with blue pattern )
I can decide whenever I purchase bitcoin in right time or not but it's back on your decision because it can't be 100 % accurate !
Here's his prediction :
https://imgur.com/odfeGj0
The beginning of 2014 ( Drop price )
https://imgur.com/wdiNmwj
The beginning of 2015 ( Drop price )
https://imgur.com/ffcD8Rf
The beginning of 2016 ( Drop price )
https://imgur.com/7A2hHIt
The beginning of 2017 ( Although bitcoin experience downtrend, it recover more fast than last year )
https://imgur.com/UMxtj1V
And here's the prediction for BTC/USD on 2018 ( drawn with blue pattern )
How do you find long term coin? Do you reach for community? Because I've been involved in some discord groups where they hang out and said these guys seem positive with nice devs, bought the coin and it moves here and there but nothing spectacular.
For news do you go with these pump and dump groups? I see they are popular way of earning, but I am skeptical but I hear people are earning more than 0.1 btc a day and some say they even earn like 0.5, think all depends on how much I invest in but would you go with these groups?
For news do you go with these pump and dump groups? I see they are popular way of earning, but I am skeptical but I hear people are earning more than 0.1 btc a day and some say they even earn like 0.5, think all depends on how much I invest in but would you go with these groups?
I always buy two different ways like one based on the coins future use means these coins I buy and store them and will not sell for small profits instead keep it for the long term to multiply my investment. The second type I will buy based on rumours and sells at the news to make some quick profits but this method may not work every time because if you miss selling at right time then suddenly these coin prices may come down.
What tools do you use while you trade?
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
Actually coin dump pump is dependent on news (good/bad).When you try to buy a coin just try to find the history of coin.See their announcement. And yes i use coinmarketcap for see the history of the coin. By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
What tools do you use while you trade?
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
By this I mean are you using coinmarketcap or something else? Do you draw those lines and functions in hope to predict the moment of prices? Or you are simply one of those news hunters and buy when there's good news and simply dump coin later? Do you look and read in depth about the coin or you simply buy it based on surface information because you know others are looking at the surfice?
Hope I will get good quality answers.
Don't spam pls if you don't have anything clever to say, thanks.
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