I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.
no one can satisfy you with an answer. everyone has his own way.
I pick coins rated well.
I buy 100
then 500
then 5000
then 50000
and so on. with this strategy you can make good amount of btc with single move from the coin.
LET THE PRICE COME TO YOU BECAUSE IT IS A GAME OF PATIENCE.
In gambling, it is called martingale
In trading, it is called averaging down, and just like with gambling you are not guaranteed to succeed with this strategy. How come? The answer is simple. You don't know where the true bottom is, and by employing this strategy you confirm that since otherwise you would just wait patiently (as you yourself say) till the price reached there. It is a game of patience after all, isn't it? So why not wait till then? But as you don't know where the true bottom is or will be, there can be no bottom, and no amount of patience will help you then. It is unlikely to happen with Bitcoin but the problem still persists - you have to make trades, and you may nevertheless end up running out of money in the end with prices going lower and lower until you have nothing to dance on, thereby leaving you with all your losses accumulated. In short, this approach works, sometimes, but when it doesn't you are ruined