The best strategy to buy cryptocurrencies

trucker_bill

newbie

Activity: 27

Merit: 0

Quote from: KonradKarl on January 31, 2018, 02:59:59 PM

Good idea.
I want to add few tips from my side:
1) Don't panic
2) Keep not more than 10-15 different coins
3) Track everything: when and where you've bought coins, for which price, when you've sold them, etc
4) Keep coins for at least 1-2 months.
5) Don't panic again:)

Why should one not have more than 10-15 different coins?

cryptoSchultz18

newbie

Activity: 39

Merit: 0

I don't think that someone can tell a 100% secure and accurate cryptocurrency buying and trading strategy, because it simply does not exist, but there are some steps that can bring you closer to some progress:

1. Research the cryptocurrencies you want to invest in.
2. Find out at least 5 coins that you would like to invest in (diversifying your wallet is one of the major rules of successful trading).
3. Figure out the exchanges you can buy cryptocurrencies from (there are many of them but the rates change frequently, so check the rates to pick up the most profitable option).
4. Buy the cryptocurrencies and store in a secure wallet (selecting a secure wallet is also important, because some of them may be scam willing to steal your funds).
5. Store and wait.

Patience is one of the most important points here, because you have to know that you won't get rich overnight. So be patient, don't get disappointed when the prices fall, just follow all of the updates and trade whenever you think you will get some profit. And, of course, never stop researching! Wink

Good luck!

Blid

jr. member

Activity: 66

Merit: 1

Quote from: AyaYotoko on February 04, 2018, 12:29:44 AM

You should follow warren buffet principal here. He says "buy when others are selling". So just wait and analyze the Bitcoin trends and purchase BTC when its value is decreasing continuously. In this way there are less chances of loosing its value. And you can sale them when its price is high.

There is no cryptocurrency that represents a project good enough to not have to do this.

AyaYotoko

full member

Activity: 183

Merit: 100

You should follow warren buffet principal here. He says "buy when others are selling". So just wait and analyze the Bitcoin trends and purchase BTC when its value is decreasing continuously. In this way there are less chances of loosing its value. And you can sale them when its price is high.

FreeHamster

jr. member

Activity: 146

Merit: 1

Quote from: Blid on February 03, 2018, 02:33:11 PM

Quote from: FreeHamster on February 03, 2018, 02:24:00 PM

Learning to read signals... there's so many signals that people talk about, it can be hard to tell what works

That's what I think, but maybe, among all of us, we can look for the best indicators.

There was someone who was talking about looking at wedges before but I have no idea....

Blid

jr. member

Activity: 66

Merit: 1

Quote from: FreeHamster on February 03, 2018, 02:24:00 PM

Learning to read signals... there's so many signals that people talk about, it can be hard to tell what works

That's what I think, but maybe, among all of us, we can look for the best indicators.

FreeHamster

jr. member

Activity: 146

Merit: 1

Learning to read signals... there's so many signals that people talk about, it can be hard to tell what works

Blid

jr. member

Activity: 66

Merit: 1

Quote from: MaximMax on February 01, 2018, 03:54:44 AM

Best strategy for a beginner is to learn more and to trade less. If you're already experienced then you need to listen to signals and be patient

It is precisely what I intend to do, to learn, humbly I only expose a strategy.

Blid

jr. member

Activity: 66

Merit: 1

Quote from: P5YCH0x on January 31, 2018, 06:21:26 PM

great idea. count me in if this takes off! Cheesy

Mate, this can take off with the help of all Cheesy

LisaOrange

newbie

Activity: 42

Merit: 0

Best thing you can do is to buy BTC thru trading, use Paxful.com to process

MaximMax

newbie

Activity: 25

Merit: 0

Best strategy for a beginner is to learn more and to trade less. If you're already experienced then you need to listen to signals and be patient

ZeroDrifting

newbie

Activity: 36

Merit: 0

Using Giftcards to trade at Paxful.com and you can earn your profit by 3%

P5YCH0x

newbie

Activity: 17

Merit: 0

great idea. count me in if this takes off! Cheesy

hackl3r

member

Activity: 93

Merit: 10

I'm not agrre with that fellas, actually most of top 100 coins increased its value x3 x4 x12 i mean x1200% in a year! You need to investigate, see all the communities of the coins that you are interested, look the technology of that coin, Tradingview, etc...

Blid

jr. member

Activity: 66

Merit: 1

Quote from: KonradKarl on January 31, 2018, 02:59:59 PM

Good idea.
I want to add few tips from my side:
1) Don't panic
2) Keep not more than 10-15 different coins
3) Track everything: when and where you've bought coins, for which price, when you've sold them, etc
4) Keep coins for at least 1-2 months.
5) Don't panic again:)

Other points to consider:

6) Need or demand of the project in the next four years: (sociological aspects)
7) Strategic rivals.

KonradKarl

newbie

Activity: 37

Merit: 0

Good idea.
I want to add few tips from my side:
1) Don't panic
2) Keep not more than 10-15 different coins
3) Track everything: when and where you've bought coins, for which price, when you've sold them, etc
4) Keep coins for at least 1-2 months.
5) Don't panic again:)

Blid

jr. member

Activity: 66

Merit: 1

Hi colleagues, I spent a few days going around to see what is the best strategy to acquire cryptocurrencies: Viewing forums, informing me on the network, etc ...
There are many different ways of doing it, some of them do well in a certain way and others do well in another way.
I thought that if we all join criteria when buying coins it would be a very interesting way to benefit everyone.

Can this be done in this forum? If this is possible and is not prohibited

I propose that we combine efforts to value currencies and buy the one we deem best, what do you think.

I wait for your opinions about it. Wink

Topic: The best strategy to buy cryptocurrencies (Read 201 times)