How do you determine which cryptos to buy during this dip? - page 2.

Wind_FURY

legendary

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Quote from: 9thsky on September 20, 2021, 08:33:01 AM

For short term investment

For short term? Buy United States Dollars! YES, a HODLer suggests you do it, BUT ONLY IF you’re looking for a SHORT TERM investment. Then use this to buy Bitcoin’s dip, and HODL. They are both currencies, aren’t they? Invest in one, HODL the other.

Victorycoin

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Before buying a cryptocurrency at the time of dip, you would like try to marketing research and know the updated information within the market we like to specialise in verifying when a project is coming to plug and the way reliable it. Bitcoin may be a good long term investment but an honest time to shop for into dip ETH into altcoin these currencies don't got to be tested, they more valuable than other currencies the market will survive for several days.

electronicash

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you will buy the cryptos you certainly believe would go up. for short-term investment just get BTC. nothing goes up faster than BTC. one altcoin that grow fast i saw in the past few months was SOL. i guess that's the one that you should have by now. it's not however sure if that will still be the case after this dip.

or the ethereum killers that the shills are saying. ADA isn't really dipping faster so you kind of expect that there will be lots of buyers of it because they did a smartcontract update just this month.

bakasabo

legendary

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Mostly I pay attention to what was on hype recently, mentioned in mass media often or which altcoin was spotted more often in unread posts in bitcointalk.org. I get a list of about 10 alts and start checking what they intend to do or promised to achieve during last months, what they have done already and try to imagine if they can really do it. After crossing out those who cant and ticking those who can, I simply check who has lost most in price, make my purchase and wait for profit.

Ararbermas

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Quote from: 9thsky on September 20, 2021, 08:33:01 AM

For short term investment

when it comes shorting i prefer to trade with some alts that very active in the market especially on this current situation, wherein sometimes i choose those trending projects in coinmarketcap sections because on that way i can really get quick profits, it requires more efforts honestly , i mean you need to picked at least for coins everyday and you need to keep monitoring each of every graph in order to get the real trend, but after all it is all worth it base on my experience.

Wexnident

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Well for short trades I'd go for those that dipped and I'm expecting a quick recover. Though in general, I'd recommend coins that even if they don't get a quick recover, would still do so in the medium to long term, just so that you don't actually lose out on anything. Trying to find a quick short trade most of the time just ends up in the investment crashing down due to it being a shitcoin most of the time anyway. Any of the top coins out there would actually work imo, just that if it fails in the short term, wait it out for a bit more before deciding whether to take the loss.

CryptopreneurBrainboss

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Quote from: 9thsky on September 20, 2021, 08:33:01 AM

For short term investment

For my short term trades I put emphasis on how profitable they could be in the long run assuming the short term wasn't as profitable as I expected or wasn't profitable at all I don't just buy coins because they're trending as majority don't usually recover with the market as they get dumped for other trending coin. It's quite easy to spot a project focusing more on development than price speculations observe the team behind the project and what they're more focused on.

I noticed a trend about the Ethereum killers, they don't do so well in the long run, that means if you were to invest with wrong timing for a short term profits and you didn't get that, it means you won't be profitable in the long run so I don't pick those.

adaseb

legendary

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Since it’s for short term your best bet is to see which alts are either neutral or bullish when there is a nasty bearish day.

Pull up coin market cap and see if you can find a green alt and find out why it’s green. If it’s because of some positive development then it might be a good short term investment when the market recovers. Because if Bitcoin recovers the alt should pump even more since it’s market cap is smaller and the gains are bigger.

sheenshane

legendary

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Quote from: 9thsky on September 20, 2021, 08:33:01 AM

For short term investment

Sorry but it's hard to answer, but to tell you frankly, stick on Bitcoin which is considering a safe investment among altcoins.

Maybe NFT projects will give you a profit but this won't have a guarantee, maybe you can do further your own research and don't rely upon other's suggestions because that is your money. We're talking about financial risk here and I think it's good if you can manage your own risk.

Quote from: livingfree on September 20, 2021, 05:46:21 PM

You start with the top.

I tend to agree, go with the top at least on top 20, it might be there's a chance to get profit in there.
But I would stick to Bitcoin if I were you.

Vaculin

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Winding down.

Quote from: 9thsky on September 20, 2021, 08:33:01 AM

For short term investment

Price and Volume.

These things I considered most when I choose for investment either it was for long-term or short-term. Well, of course, I look first at the leading coins as they are more potentials. And since you are talking about during the dip, choosing those on hyped projects is really risky, never think about trying them if you care about your funds as most of them don't make to recover from the dip but they mostly continued to decline.

Lanatsa

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Quote from: 9thsky on September 20, 2021, 08:33:01 AM

For short term investment

This is something that cant be answered.Why? because no matter how hard you do set out those indicators, the price would always be that independent or free to move.There's no such thing about precise

predictions or could able to determine if its already the right time to buy or not.If you do consider on getting in when there -5 - -10% decline then its your choice but be mindful that not all the times

you would really see these rates but if you do then its up for you to risk on and not other peoples advices for you to listen of.

livingfree

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Right now, the market came into a dump.

And that's the right time for you to buy and start with bitcoin and next to it. That's a good pattern that you can look at and you don't have to browse a lot in the next pages of these market cap websites.

You start with the top.

wxa7115

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Bitcoin is GOD

It depends on what is what you want to achieve, if you have realistic expectations of what you can get out of this market then I think the most important metric is volume, a healthy volume is going to tell you if there is real interest on the coin or if everything is just hype.

Now if you still decide to invest in the coins that are mostly hype then you need to be extremely careful as the volume can evaporate in an instant and you could end up being the one holding the bag and have no way to sell those coins.

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

Look mostly for altcoins that were pumping right before the dip.

Right now the hype is on "Ethereum Killers" Like Solana, Avalanche, etc. Keep an eye on them and the numbers like percentage increase in the last Month, 3 months, 6 Months etc. Obviously, the strategy is for only short term gains. By the time the hype dies down, You must have exited

Oceat

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It would be altcoins if not Bitcoin since most of them hodl their Bitcoin instead of dumping when there's a dip. You should buyback what you have sold from getting profit but if you are only looking for a crypto that would make a quick profit in short term then Bitcoin is not the one since it fluctuate unexpectedly. Choose altcoins that you think would make a move if the bull started such as ETH and BNB but if you want to try the other coin make sure you do your own research to avoid sudden losses.

mk4

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Especially for short term investing purposes, it's going to totally depend on what the direction you're expecting(or hoping) the market moves towards. Altcoins mostly(obviously not 100% of the time) moves up higher than bitcoin when prices in general are going up; whereas bitcoin tends to get hurt quite less when the markets in general are down.

9thsky

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For short term investment

Topic: How do you determine which cryptos to buy during this dip? - page 2. (Read 260 times)