Topic: How to know when to BUY? - page 14. (Read 2030 times)
This you need to monitor a lot about the market. When you watch the market for a long time you will know when to buy and can sell. That is a good way for you to invest in this market.
Here's my advice,
follow some trading signal group(twitter&telegram)
every dump is a buying opportunity(but wait for a confimation)
read some news(be one step ahead)
follow some trading signal group(twitter&telegram)
every dump is a buying opportunity(but wait for a confimation)
read some news(be one step ahead)
Aside what you have mentioned earlier, I think it is also necessary to check the partnerships that the project has now and future partnerships they are looking forward to. Also, you can check the roadmap of the project and compare to the graph and see if there are correlating and with this, you can tell whether you should buy now or wait.
You wrote nearly most important things about when to buy or when not to buy. So don't buy if it is pumped , this can be first may be.
Update the market as always, when the prices decreases this will be our advantage to buy a coin and choice a potential coin like ethereum and bitcoin, as you can saw both are top listed and gave us possibility to gain enormous profit. The fluctuation regulates everytime so better to have a good strategies .
I think "successful" day traders know best when to buy, is there any day trader here?
Volume is important thing but we don't know how to analyze it..
Everything is important, TA, News, Project status, Deals etc, but Volume creates the price.
If we can analyzer the Volume, I think there is a hope.
Well I believe everyone have such potential and mindset to observe the things and can better decide himself about what to do and how to do. Although advices from experienced people can of so great help but everyone have different goals and objectives so this might be ending in a problem state where you would be confused about how doing some particular thing because it was advised by someone else and it really don’t resonated with your problem actually. Volume is important thing but we don't know how to analyze it..
Everything is important, TA, News, Project status, Deals etc, but Volume creates the price.
If we can analyzer the Volume, I think there is a hope.
Follow some experts like ohheymatty, Ianbalina groups on telegram and understand the hype coins. After then, complete your own research before investing in any altcoins. These days, many of the ICOs who are raising Millions of millions are turning to be scam. It is very important to complete a research before investing in any of the ICO, as it is not established, we cannot invest on any of the coin just blindly.
Well, following experts is good but trying to learn on your own before deciding to follow any expert is much better. Experts will not always be there when things are going wrong with a trade since no one can actually see the future, but the good thing is that your knowledge will make it easy for you to pull through any trade easily even when all things are not going right and be able to make decisions easily on your own without the expert opinion. Overtime, we must develop our own capabilities to filter out things. I mean we cannot be depending on other all the times to make decisions. Self-grooming must be an essential one for becoming a pro trader. You wrote nearly most important things about when to buy or when not to buy. So don't buy if it is pumped , this can be first may be.
Update the market as always, when the prices decreases this will be our advantage to buy a coin and choice a potential coin like ethereum and bitcoin, as you can saw both are top listed and gave us possibility to gain enormous profit. The fluctuation regulates everytime so better to have a good strategies .
You wrote nearly most important things about when to buy or when not to buy. So don't buy if it is pumped , this can be first may be.
Its very difficult to tell but you should analysis it when coin price is up and down then you buy some coin. but of course there's ways to actually get one but not super accurate but it's worth the risk but of course you can both loose or gain.
For this, definitely there is nothing right now that can measure and tell you best time for buying or selling. This is all about your thinking and observation you made over the market. Everything comes with experience so whatever you do in the market, try to grasp best possible analytics over different conditions and situations. Only then you would be able to become a good trader.The bets time for buying of any of the crypto coin is the time when the market value of that coin is little low and rest of the investors are busy in panic selling.
Even if you do not check at coinmarketcap for the top undervalued coins at the moment which has a high volume and potential, you can still know what to buy if you are able to distinguish a certain coin base on its use-case. Like for an upcoming ICO, if you read their whitepaper and determine how their token will be used by the community then there's a good chance of you earning a huge profit at a much lower entry point compared to looking at one at coinmarketcap. Utility tokens are what they are called. Coins that are used right off the bat after their lunch.
That is right, and it is so important for us to know how much we are willing to invest at a certain point, although you want to earn money or you already know which coins you are willing to invest if you are not yet mentally ready then you should not go until you are prepared. Hello,
Can somebody explain how to decide buying an altcoin?
Let me write what I know;
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
Can somebody explain how to decide buying an altcoin?
Let me write what I know;
- Check the coinmarketcap.com and choose ones with high volume
- Check the projects
- Check the chart, if it is pumped, don't buy, wait
- Check the chart, if it is dumping, wait low volatility
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
I think your list is enough and very valuable for newbie like me and I can say you're technical trader. There's also method to decide when to buy and we call it fundamental, meaning depend news ( rumors ). For this one, you should search many news about altcoin and create calculation if the news comes up what will happen into crypto market. This is good method for opportunist trader create income, do that and good luck to you.
Even if you do not check at coinmarketcap for the top undervalued coins at the moment which has a high volume and potential, you can still know what to buy if you are able to distinguish a certain coin base on its use-case. Like for an upcoming ICO, if you read their whitepaper and determine how their token will be used by the community then there's a good chance of you earning a huge profit at a much lower entry point compared to looking at one at coinmarketcap. Utility tokens are what they are called. Coins that are used right off the bat after their lunch.
surely the best time to buy bitcoin or other altcoin coins is at a time when the price of all the coins again down. because by buying bitcoin and other altcoin coins we can get a huge profit if you want to wait for the right time to sell it
The standard rule is to buy when the price is low and sell when it increases. You need to monitor prices always. You will understand from your experience when you start trading when it is better to hold coins and when it is better to sell
For me the best way to buy altcoin if the price will plunge so that this time is good to buy because we can sure to get the great profit but the problem is its hard to know if the price will rise so i think if you are lucky you can get timing to buy altcoin in a low price or you monator every day the price on altcoin.
The standard rule is to buy when the price is low and sell when it increases. You need to monitor prices always. You will understand from your experience when you start trading when it is better to hold coins and when it is better to sell
Hello,
Can somebody explain how to decide buying an altcoin?
Let me write what I know;
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
The things which you should look for while buying altcoins are that you should hava an technical analysis of the coin and monitor the growth of coin for long period in the past and if there is progress you can invest in it.Look for the team behind the alt which must be progressive and skillful making developments in coin.Buy at low prices and sell at higher pricee is simple rule of trading.There are hundred of alts at this time and we cannot be right all the time making predictions of coin.But still we speculate them. Can somebody explain how to decide buying an altcoin?
Let me write what I know;
- Check the coinmarketcap.com and choose ones with high volume
- Check the projects
- Check the chart, if it is pumped, don't buy, wait
- Check the chart, if it is dumping, wait low volatility
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
I always see the market, when the market is in a low position I think it's the right time to buy and I prepare the right time to buy coins at low prices. so I think the moment is very appropriate to make a purchase.
Another thing I would also recommend is paying attention to media.
Reason I say this is because:
- feedback is important whether positive or negative
- critical reviews by professionals
- using certain things such as telegram, Facebook, Twitter and various other tools play an important roll on how a project is coming along.
Afterwards comes down to your own judgement whether you want to invest or not.
Check out the market situations on daily bases that help to contribute to your decision making ability and thus you decide and choose one site rather taking decision without any confirmation from the market value graph will directly lead you towards loss. Reason I say this is because:
- feedback is important whether positive or negative
- critical reviews by professionals
- using certain things such as telegram, Facebook, Twitter and various other tools play an important roll on how a project is coming along.
Afterwards comes down to your own judgement whether you want to invest or not.
After monitoring the market you are going to take the decisions of buying more these days and selling at the high price for gaining extra profit is called productivity.
For me, good experience was joining a social media groups of traders, and ask simply questions there. They can give a valuable advices.
Hello,
Can somebody explain how to decide buying an altcoin?
Let me write what I know;
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
What if the price is about to get pumped and not pumped already? I will go ahead and invest. Once it reaches the highest and around the time it will be dumped I will quickly withdraw my profit. Sometimes I do tell my friends to invest whenever they feel and have got the money to invest with them. You can’t predict the direction price goes, so I think it’s best to invest whenever you feel is right as long as the price kept going up, there is no problem. Can somebody explain how to decide buying an altcoin?
Let me write what I know;
- Check the coinmarketcap.com and choose ones with high volume
- Check the projects
- Check the chart, if it is pumped, don't buy, wait
- Check the chart, if it is dumping, wait low volatility
Please correct and/or add other ideas to help noob traders like me
I will try to give merits to good posts as much as I can.
Thanks.
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