Topic: What is your strategy to buying altcoins at different prices? (Read 232 times)
I do through research about prosperous altcoin, l look at the future outlook of the coin based on technical analysis using chart that is candlestick patterns coupled with upcoming events related to the altcoin while I spreads out my investment on 3 to 4 altcoins.
It seems to me that a lot depends on how the market feels. If the market is at the bottom, then all the coins have a low price, this is the best time to buy coins. And if the market has grown to high positions, then I think you need to be careful not to buy coins at high prices. When the market is on top, most people sell their coins to make a profit.
I do this by sampling. What's wrong with that, but more than 70% of the profits at the end of the month. truth sucks when sometimes to the dollar, and so all well.
I myself take these steps in order to be able to do daily trading. because by buying one type of coin in various price ranges, then we will have the opportunity to profit many times. But you should be really proficient in trading before taking this step. Crypto money is basically something that is very volatile. so we must be smart in taking a few opportunities at once. Because if not proficient of course will be confused in the division. And confused determine when the right time to sell this one and so on. For exercises you should use long term only.
One focal point is how may will be dumped in the future vs already mined.
My strategy is I don't buy or participate on ICOs.
I am just try to eye them until they hit coinmarketcap.com's brand new altcoins' list then I will try to observe until the price goes way cheaper.
this strategy most of the time is effective as new altcoins' value would be cheaper than ICO price.
I invested my Oyster Pearl PRL last november while it was priced as low as $0.0005 and then after 6 weeks it surges as high as $5.
today I am holding decent value of crypto assets that even my 10 year salary couldn't reach.
I am just try to eye them until they hit coinmarketcap.com's brand new altcoins' list then I will try to observe until the price goes way cheaper.
this strategy most of the time is effective as new altcoins' value would be cheaper than ICO price.
I invested my Oyster Pearl PRL last november while it was priced as low as $0.0005 and then after 6 weeks it surges as high as $5.
today I am holding decent value of crypto assets that even my 10 year salary couldn't reach.
Let say there is a coin that is worth say 2 dollars. You read about it on this forum or through google and believe this coin will go up a lot. Now the coin goes up to say 5 dollars or so. You wanted to get some at 2 dollars but did not because you wanted to get a decent amount. The coin then goes all the way to say 5 dollars or even 10 dollars. Thus if you buy it, you cannot get as much of it as oppose to you buying it at 2 dollars. If you think a coin will hit 20 dollars at least in the future, does that mean if it goes to 5 dollars, just buy it? The thing is i kept wanting it to drop back to 3 or 2 dollars so i could get a decent amount. Then the coin just kept going higher and higher. So my thoughts are i cannot multiply the money that much if its 5 or 10 dollars as oppose to buying it at 2 dollars. So i want to know what is your strategy for buying altcoins at different prices. Thus if you think a coin will hit 20 dollars, will you buy it even at 5 or 10? Obviously if you ask someone not in cryptocurrency, obviously that would be yes because thats a huge gain.
Say you have 5 coins that you want to buy. You believe all these coins will at least double... some coins might 10x or 25x or 50x etc. You can buy now but you won't be able to get as much shares of a coin that you like etc. So do you wait for price to drop... or you just buy it now? The thing is do you ever set a price where okay if this coin hits 5 dollars, im automatically buying no matter what because if you wait any longer, it could be 7 or 10 etc.
There have been a number of coins i wanted to get but i didn't buy it because i kept wanting it to dip so i could buy it at lower price... only for it to go higher where it doesn't look like the price will ever drop down to the price i want it to be. I mean you could say its like btc. Now if you wanted to buy btc at 500 but didn't and waited for it to drip but didn't, then waited and btc kept going up, don't you all say you shouldn't have waited because the price of 500 and 600 isn't that big since the coin went up so high? However with altcoins its much different because these coins can't hit those btc prices right?
Say you have 5 coins that you want to buy. You believe all these coins will at least double... some coins might 10x or 25x or 50x etc. You can buy now but you won't be able to get as much shares of a coin that you like etc. So do you wait for price to drop... or you just buy it now? The thing is do you ever set a price where okay if this coin hits 5 dollars, im automatically buying no matter what because if you wait any longer, it could be 7 or 10 etc.
There have been a number of coins i wanted to get but i didn't buy it because i kept wanting it to dip so i could buy it at lower price... only for it to go higher where it doesn't look like the price will ever drop down to the price i want it to be. I mean you could say its like btc. Now if you wanted to buy btc at 500 but didn't and waited for it to drip but didn't, then waited and btc kept going up, don't you all say you shouldn't have waited because the price of 500 and 600 isn't that big since the coin went up so high? However with altcoins its much different because these coins can't hit those btc prices right?
Ya this is the problem people who bought BTC was dealing with. They bought BTC for like 33 cents, then it went to $30 or even $100, and they sold and were high-fiving themselves.
10 years later and people are laughing at them for being losers!
I think you should know for yourself if the coin you're investing in will be worth $4 or $40. If you don't, then you'er only trading on short-term news, and thus you should probably sell as soon as it doubles, if that.
I would just invest in top coins basing on advices or news about a project. Buy low, sell high nothing special.
Just trying buy cheaper.
There are 2 ways to avoid buying tokens at their peak.
1. You can learn technical anaysis which will give you some indication about what the price is likely to do over the short term.
2. Or you can take a systematic approach to investing and invest small increments over a period of time. (Dollar cost averaging)
1. You can learn technical anaysis which will give you some indication about what the price is likely to do over the short term.
2. Or you can take a systematic approach to investing and invest small increments over a period of time. (Dollar cost averaging)
AFAIK buy with the lowest value and wait for the highest value it all depends you are and not depends on the market,the investment you do is very good but have to choose what coin you want to save but if you're wrong view then you will Frustration dude Market trends are very important to look.
I will buy the altcoins in batches. Since I think the coins will be 2x, 5x or 20x higher. I will use half of my investment capital to buy now. If the price goes up, I don’t feel sorry. If the price goes down, I will use the other half of my capital to buy in more.
It's incredible that's trading is and you're like a whale that keeps raising the value,you must be joined to one of the pump groups to raise your own credibility.
Trading and Fundamental analysis can be very helpful in making these decisions so watch as many youtube reviews as possible as well as 3rd party reviews.
When you see the coin is $2 and you understand the possible future of this coin, you can buy it right now or you can wait a little bit and see if your forecast is right - if the price went up you were right.
So if this coin is $5 now and you understand that it can go to $20 in the nearest future - can enter this coin. Yes, it is hard because if you were able to buy 1000 coins and now you can allow only 200 this prevents to make a right decision.
But think - someone sold bitcoin for $1200 and thought that he was the best player at this game
So if this coin is $5 now and you understand that it can go to $20 in the nearest future - can enter this coin. Yes, it is hard because if you were able to buy 1000 coins and now you can allow only 200 this prevents to make a right decision.
But think - someone sold bitcoin for $1200 and thought that he was the best player at this game
I will buy the altcoins in batches. Since I think the coins will be 2x, 5x or 20x higher. I will use half of my investment capital to buy now. If the price goes up, I don’t feel sorry. If the price goes down, I will use the other half of my capital to buy in more.
Let say there is a coin that is worth say 2 dollars. You read about it on this forum or through google and believe this coin will go up a lot. Now the coin goes up to say 5 dollars or so. You wanted to get some at 2 dollars but did not because you wanted to get a decent amount. The coin then goes all the way to say 5 dollars or even 10 dollars. Thus if you buy it, you cannot get as much of it as oppose to you buying it at 2 dollars. If you think a coin will hit 20 dollars at least in the future, does that mean if it goes to 5 dollars, just buy it? The thing is i kept wanting it to drop back to 3 or 2 dollars so i could get a decent amount. Then the coin just kept going higher and higher. So my thoughts are i cannot multiply the money that much if its 5 or 10 dollars as oppose to buying it at 2 dollars. So i want to know what is your strategy for buying altcoins at different prices. Thus if you think a coin will hit 20 dollars, will you buy it even at 5 or 10? Obviously if you ask someone not in cryptocurrency, obviously that would be yes because thats a huge gain.
Say you have 5 coins that you want to buy. You believe all these coins will at least double... some coins might 10x or 25x or 50x etc. You can buy now but you won't be able to get as much shares of a coin that you like etc. So do you wait for price to drop... or you just buy it now? The thing is do you ever set a price where okay if this coin hits 5 dollars, im automatically buying no matter what because if you wait any longer, it could be 7 or 10 etc.
There have been a number of coins i wanted to get but i didn't buy it because i kept wanting it to dip so i could buy it at lower price... only for it to go higher where it doesn't look like the price will ever drop down to the price i want it to be. I mean you could say its like btc. Now if you wanted to buy btc at 500 but didn't and waited for it to drip but didn't, then waited and btc kept going up, don't you all say you shouldn't have waited because the price of 500 and 600 isn't that big since the coin went up so high? However with altcoins its much different because these coins can't hit those btc prices right?
You said exactly right but in actual this thing works perfectly when we have lots sir Money in our pocket and we have no fear that in small intervals of buy sell I will lost much money .Say you have 5 coins that you want to buy. You believe all these coins will at least double... some coins might 10x or 25x or 50x etc. You can buy now but you won't be able to get as much shares of a coin that you like etc. So do you wait for price to drop... or you just buy it now? The thing is do you ever set a price where okay if this coin hits 5 dollars, im automatically buying no matter what because if you wait any longer, it could be 7 or 10 etc.
There have been a number of coins i wanted to get but i didn't buy it because i kept wanting it to dip so i could buy it at lower price... only for it to go higher where it doesn't look like the price will ever drop down to the price i want it to be. I mean you could say its like btc. Now if you wanted to buy btc at 500 but didn't and waited for it to drip but didn't, then waited and btc kept going up, don't you all say you shouldn't have waited because the price of 500 and 600 isn't that big since the coin went up so high? However with altcoins its much different because these coins can't hit those btc prices right?
But in actual this is a best method to stop the loss indirectly and also make that coin's price in the average rate by buying step by step with each 10% dump in price .
Well here everything will be in favour of you when you will have lots of amount of money in your pocket because every big big stretagy needed better amount of economical support .
Always try to buy undervalue coins so you will always stay safe even when coin price drops crazily as we could see in recent months. So i always invested under $ coins and never lost any money.
Depends on the market like others said, on the news you get about that specific coin, on its potential...
For exemple I would still buy EOS right now even though I know it was much cheaper not long ago.
For exemple I would still buy EOS right now even though I know it was much cheaper not long ago.
Encryption is the most hated to catch up. It's more reliable to build positions in low prices, and it can also make money. But the novice likes to be high and easy to cover. 
All depends on market circumstances that may change. Sometimes it can make you gain a lot of money with increasing market prices. You must have a strategy to know the information of each market price change.
There is also one strategy that sometimes makes others have a big profit.
they often speculate, to buy coins on exchange A and sell on Exchange B.
Be aware, update speed is required.
and process speed is also very necessary.
they often speculate, to buy coins on exchange A and sell on Exchange B.
Be aware, update speed is required.
and process speed is also very necessary.
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