How to know when to BUY? - page 17. | Bitcointalksearch.org

mersal

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Quote from: ashkanm on April 23, 2018, 02:56:24 AM

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.

No one say the right answer for this question because the crypto market changes every second so you can't judge the power and value of it , the only thing is if you want to invest in a currency just do it quickly.

omonuyak

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There must be a reason why you should invest into a projects as investors and you must not invest into any projects if you did not know the right time to buy. Your buying decision is what actually makes you good money and to buy into a coins you must buy at the accumulated time and always buy at the bottom and sell at the top or distribution times.

wxxyrqa

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Quote from: harizen on April 23, 2018, 01:46:45 PM

Quote from: tesla80 on April 17, 2018, 05:00:56 AM

Hello,

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.

Altcoins have different price behaviour so it might not help to just rely on those you mentioned above. Checking also the chart won't help especially in altcoins as they are more proned to manipulation than bitcoin. Some coins also are not yet listed on the coinmarketcap.com

So how to deal with this? You must have guts to face the risks. As long as you understand the risks, you are good to go. One step you can consider is if there's any ANN thread related to that certain coin. Upcoming updates for a certain coin might result on a hype. Also don't get carried away once there is a sudden large pump as instead of getting profits, you will be wrecked.

Honestly there is no direct advice that literally you will try. You must find your winning stratgey by your own as we have different approach on when to buy or to sell.

I think that the only strategy that can be applied by both a professional and a novice is the date of a price fluctuation of plus and minus 5; 10%. But this applies only to the case when the trader is trying to make money on the difference in price.

harizen

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Quote from: tesla80 on April 17, 2018, 05:00:56 AM

Hello,

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.

Altcoins have different price behaviour so it might not help to just rely on those you mentioned above. Checking also the chart won't help especially in altcoins as they are more proned to manipulation than bitcoin. Some coins also are not yet listed on the coinmarketcap.com

So how to deal with this? You must have guts to face the risks. As long as you understand the risks, you are good to go. One step you can consider is if there's any ANN thread related to that certain coin. Upcoming updates for a certain coin might result on a hype. Also don't get carried away once there is a sudden large pump as instead of getting profits, you will be wrecked.

Honestly there is no direct advice that literally you will try. You must find your winning stratgey by your own as we have different approach on when to buy or to sell.

CharmCha

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I'm not a professional trader but IMO I think to find out good time to buy we need to take a look at price chart and trading volume as well. I don't know how to analyze the price chart so I only often focus on trading volume

). If there will be a suddenly changing in trading volume of any cryptocurrency in any exchange, I think it's a good signal and it might be the right time buy Grin

aardvark15

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Quote from: tesla80 on April 17, 2018, 05:00:56 AM

Hello,

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.

Those strategies might work, but I think you also have to find out the reason something is being pumped or dumped. This is especially true for a less established cryptocurrency that could have some major issue that is causing the dump in which case you shouldn’t buy. That may be what you mean by “check the projects”, but I wasn’t sure.

Qahay

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It is desirable that altcoin owned by your friends. And it is desirable that you know where they live, if the price after the purchase begins to fall.

Whosdaddy

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Quote from: boyshx on April 17, 2018, 06:13:41 AM

The major point that you still left out is what do we know about the project for which the altcoin was made. I mean does that project is making any good progress or is there any recent good/bad news about it. If yes/no depending upon the answer you can choose not to invest or invest heavily as the result would depend on that considering its future.

Rest of the points that you have mentioned are correct one and there doesnt need any additional facts to be considered before you can buy any coin.

Checking the project is always a good way to actually be sure of the coin you are not conversant with, so you do not end up trading shitcoins and bagholding them while waiting for a peak which may never come. The last two are always very essential as most times a lot of people have made the mistake of buying an overbought market and they start complaining when they get to see a huge correction.

I always run from overbought markets like plague no matter how sweet they look and best decisions are always made when buying an oversold market.

xitrum

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Quote from: tesla80 on April 17, 2018, 05:00:56 AM

Hello,

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 believe that at the present time you should buy and trade altcoin, you can see that bitcoin prices in recent days are showing signs of strong recovery and this has made the market become vibrant again, lots of altcoin are pump strong. You can find a pump that does not pump price to plan investment.

putrisa

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I think you can know when is the right time to buy a coin from the trip of the coin you want to buy, when the coin has good news then it is certain that the coin price you will buy will increase, so better find the coin information you want buy before buying coin.

ashkanm

newbie

Activity: 238

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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.

Harper6

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Quote from: valera10 on April 21, 2018, 09:05:26 AM

Quote from: tesla80 on April 17, 2018, 05:00:56 AM

Hello,

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.

First of all you need to know what kind of coin it is. It is necessary to study the project well, the project team, also the project product. Much depends on it.

Try the bitcoin only not any other coin at all the best one is one and only bitcoin, gradually bitcoin is improving and it is getting high amount of profit, there are thousands of people who want to sell bitcoin so you can get from them, bitcoin can be bought any time but today is the best time to buy bitcoin, buy right now and hold for the long time so you will be able to get profit at the end, don’t get any late now bitcoin is best choice to be invest right now as price is really good and affordable but after couple of months price will be bigger so don’t wait any more and invest as much you can invest.

squatz1

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You'll never know when to buy, you're never going to be able to know when the market is going to swing one way or the other -- if you did you wouldn't be posting here and you'd be out making massive amounts of money. People wish they knew how to do this, but NO ONE KNOWS, warren buffet also doesn't know folks!

Just buy, even with traditional investments, time is always your friend.

tesla80

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Quote from: valera10 on April 21, 2018, 09:05:26 AM

First of all you need to know what kind of coin it is. It is necessary to study the project well, the project team, also the project product. Much depends on it.

Sorry but I didn't understand your thoughts, what really depends in the chart? Lets say all my coins are good projects, all my coins have good volume and big followers etc.
I'm actually asking technically when to BUY?
Of course when there are bad news about given coin this is another story. The news are a bit off the topic for my questions, I'm aware of following the news is important.

cheezcarls

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If I were to be asked with that question, I would likely say that the good time to buy is that when the price is low, or when the orice was high but was lowered due to the market crash. Based on what I have analyzed in the charts, it seems most of the first quarter every year is where we experience the bearish market, so I believe it is a good time to buy them at lower prices and wait until the market explodes again after the April tax deadline.

Just my two satoshis.

valera10

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Quote from: tesla80 on April 17, 2018, 05:00:56 AM

Hello,

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.

First of all you need to know what kind of coin it is. It is necessary to study the project well, the project team, also the project product. Much depends on it.

btcrich2020

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For buying, we have to consider many calculations and chart reading because we have to check the previous price of the coin because if we buy them at the high value, we have to wait long to sell them in the market. So it always good to check their previous high price and previous low.

nakamura12

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Quote from: tesla80 on April 17, 2018, 05:00:56 AM

Hello,

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.

All your list of what to do when you trade is all correct. At some point if you want to be a trader then it means that you're doing a short term type. Some prefer holding but holding is for long term and short term but since you are a trader it will depend on you if you want long term or short term. Both long term and short had risk of losing profit but it is another experience of trading. Just be careful because there are scammer waiting for their chance to fool someone and steal their profits. About checking the project you mention you should also check the background, knowledge of cryptocurrency, purpose of their project and their experience in their own skills of each members and the developers in the project especially the founder unless you already know the information of every member in a certain project so that the risk of losing profit will be lessen and earning profit may be more that you have.

bitbunnny

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I think that the logic is prety much clear. You buy Bitcoin at the phase when the price is falling, when the market is in red. Depends also how much funds in what period you have available but to my opinion it's good to have some funds alocated for such situations to use the opportunity to react when the price is low.

fasdorcas

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Quote from: Bayoe_noe on April 19, 2018, 09:19:12 AM

if you can analyze, analyze the market you use for trading then you can buy the coins you want to buy. but if not, you could just use your feeling and see the coin that is going down drastically, then you can buy it.

For this, you must have known the better and best features of the coins that you are investing or trading in. you must be knowing as well the ups and downs of your coin, how they propagate and how they behave in different situations. If these basic information is in your mind, then you can know it better that what to buy and when to buy and when to sell as well. Learn first and then practice.

Topic: How to know when to BUY? - page 17. (Read 2072 times)