Topic: when is the right time to buy cryptocurrency? - page 12. (Read 23267 times)

The right time is when you fully have enough knowledge to make wise decision wherein you will only dependent in yourself. A Right time to make investment is wherein you are not listening or following tips by others. I bought bitcoin when I fully understand what it is and how to make money with it, at first I incurred losses but I able to regain it as the time passing by because I'm becoming more knowledgeable as time passing by. Actually I just recently reached my ROI and I'm very grateful because all of my hard work is now paying off.

I have my own way to profit from newly released tokens, usually I will wait for the opportunity when they announce that will list on a bigger exchange, let say binance, until now this method has never disappointed me, but you need to remember , don't use your ego in looking for profit, look for modest profit or you won't get anything, I often feel a dilemma to sell or survive, so don't think too much about it, the most important thing is profit.

Before acquiring any cryptocurrency, you should be aware that it is a risky business. The crypto market is highly volatile with fluctuating values. Don't be enticed by stories of people making millions overnight as the frequency of significant losses is also great.
there is no definate formula or algorithm that could predict the increase of its value in near future, however, looking at the patterns and few indicators one can make an informed decision for investing.

The biggest indicator is the price of bitcoin. Since alt. currencies are pegged to bitcoin, an increase in bitcoin's price would also increase alt. currencies's value as well.
 For instance,
Price of one bitcoin on
18th October 2020 = $11,350
10th November 2020 = $15,290

Price of one Ethereum on
18th October 2020 = $367
10th Novemeber 2020 = $446
(Source: https://www.coindesk.com/price/ethereum)

Bitcoin is climbing at a very steep rate. Over the past month, the price has risen by 34.8%, the highest ever in the year. Similarly during the same period ethereum also showed a 21.5% increase in its value.

Another important factor is political stability and economical challenges. The rececnt US elections projected a looming uncertanity across the globe, causing drastic fluctuations in the value of both fiat currency and cryptocurrency. Moreover the stock markets are still recovering from the COVID turmoil. Many global markets are strained and struggling, which brings us back to the original question.

If you’re interested in investing, stop thinking about whether the price is too high or too low. Survey and research the crypto market and your native country's regulation. Make an informed decision and invest an appropriate amount.

If you trust the chosen ICO and believe (even sure of it) that the cryptocurrency they offer is worth to be highly estimated in the future, if the team looks almost perfect and the project is great, buy tokens in the very beginning. Later, you will make profit.

Might be the best time but also might easily be the worst time in case the projects fails to gather enough attention and end up being a mess and not working out as planned because you may well lose your invested money.

But, make sure the dump is temporary because at times the dump ends up making the value of the coin absolutely dust and no chances to grow every again.

This actually is a good idea because after getting listed on a big exchange usually more interest comes into the project from public and you can almost be certain that the trading volume will increase now which directly influences the price for the coin.

Indeed, buying at the bull run is the worst decision that you can make. You should study the nature of the cryptocurrency first before investing or buying some tokens so that you can avoid wasting money or even being scam by other people. We all know that the cryptocurrency's price is volatile, meaning the value is changing time by time when there's a transaction happening and that can affect the price. You should know that when you buy, you make sure that the price is at low so that you can wait for the right time that the price rises up and so that you can sell it and get some profit.

This is right, it just shows the different times different people tends to buy cryptocurrencies but where a person might be lucky in one case scenario another might not be lucky, how? Talking about buying through token sale, that is, IEO, ICO or STO, those who buys from top exchanges can record some profits but those who buys for other small exchanges might not. About when the price is down? Is there any assurance that the price will go up after buying or will it dump more? Those who this favours most are those who buys Bitcoin or Ethereum or other potential high quality altcoins but same cannot be said for new altcoins. Point 3 don't normally work nowadays unless the project is one of the major altcoins, while point 4 through 5 can still go sideways as it looks more like FOMO. And lastly point 6 can also be likened to point 3. So from all these, what I understood is, what works for one person might not work for another, some might take their time to invest in Bitcoin alone while some might think altcoins are more better, thus showing that, one can just stick to what works for him.

The following dependencies are very often traced:

1) Rise in price of bitcoins.  

The altcoin price is growing faster than the bitcoin price (in dollars and bitcoins).

2) Explosive growth in the price of bitcoin.  The price of altcoins in dollars is increasing, while in BTC it is decreasing.  

3) The price of bitcoins has not changed.

The price of top altcoins is rising.  

4) Bitcoin price falls.

Altcoin prices are falling even faster.

Using these dependencies, you can determine the optimal time to buy top altcoins.
A well-known rule in trading is to buy on rumors and sell on the news.  Buying on the news can bring you losses.

Actually news alone is not enough because most of the times there are paid articles with fake news promising big times in the development while actually the team is only planning to get more investors and then the coin will just slump down.

I think one must know the team members and the working developers well to know if they are capable of doing what they promised and if the token is doing an ICO then make sure the whitepaper is solid and not just a money earning machine. Because of the time you can see from the whitepaper that the coin is promising big things which are too good to be true and avoid such coins totally, unless they have some backing from good developers or known members of the community.

Buying during the bull run is actually the worst idea because I agree that the bull run is going on and everyone believes that good times are coming but what in case the bull run stops or a correction happens? You would be temped to sell the tokens for a lower price just to avoid the tension and stress that the correction creates.

I agree with BTC you can actually hold for long time but with altcoins you have to be sharp and very active because a small mistake can lead to big losses and usually with altcoins once the market goes down it just becomes very hard to get up again unless the altcoin is a big one like XRP, TRX, ETH or others.

If cryptocurrency projects conduct IEOs on top cryptocurrency exchanges, then I prefer to invest in these cryptocurrency projects during IEOs, because after IEO, these same cryptocurrency projects list their cryptocurrencies on the same top cryptocurrency exchanges and I always get a good profit from this.

Honestly, I don' think that there's a right time to buy cryptocurrencies because from what I know crypto coins value is always changed, even if you buy at today's price you can still manage to get a profit out of it and all you need to do is to be patient. You shouldn't focus on when to buy a coin but rather what coin to buy instead. Before buying a coin whether it is ICO, IEO or STO make an in-depth understanding first regards the coin where to invest, consider the developer team, whitepaper, road map, and such.

It is obviously a good idea and recommended to buy at a lower price.

what do you mean by this? Is having good news regards with the coin will make difference?

This was also a good idea, however, let say they manage to list on an exchange, this not necessarily mean they can able maintain the volume they have got on their first release because I've seen a lot of tokens who manage to be listed that doesn't last long right after the folks dump it.

Indeed. ICO and IEO projects are not profitable these days because most of them end up unsuccessful because they don't come up with a unique idea to develop or improve their projects, that is why their values in the market are very low. As many people suggests, we should only invest in cryptocurrencies that we've already seen potential or promising projects such as top coins in the crypto market to avoid risking our money.

Most of the projects these days are not profitable to invest in ICO, IEO. It is seen that within a few days after listing on the exchange, the price of most tokens falls below the ICO or IEO value. In 2/1 projects like DIA tokens, I have seen that their tokens cost more than ICO or IEO value. So I think before investing in the ICO or IEO of a project, be sure to know the details of that project and invest or invest in the old top currency so that your risk is less and you expect profit.

There are some ways and methods to consider when you are buying cryptocurrency, all you just need to remember is buy when the price of the cryptocurrency that you want to buy is low and sell when the price of the coin or token that you have buy is high. That is the primary thing you need to know when you are buying a cryptocurrency.
Right now I don't suggest for you to buy a cryptocurrency because the price is high, or if you want to follow the hype then go and try it.

and at least the coins that have been circulating on the market for a long time, even less than 2 years, are suitable coins for investment. but remember that applies to the top coins which always have further price developments. I rarely see new coins last long on the market, Even if they exist but it is difficult to grow their price again after reaching their highest price.

Yes, finding out about the price of coins that have been traded is necessary because things like that will also really help us personally and can also be a reference for other people at this time, but sometimes people also often forget to do things like that on currently.

The strategy that should be use is depends on the skills that you currently have, if you are good in analyzing starting projects then it is better if you make investment even though the coin is still not listed but if you are a type of investor who want guarantee then just make a investment if the project is already listed in a big exchange. There is a right time to buy and sell cryptocurrencies so timing is really a matter especially if you want to make gain in the market.

When Bitcoin Dominance goes above 65% and the alt coin dip goes away and can be bought by looking at the support and resistance. Any coin can be bought by watching news, teams, furute.

lol this will end up your career trusting this scams  
if you knew when is the bottomline is,but at least buy when the market fell hard.
Good news?what does it mean?
this is similar to number 2 lol,buying when dump and when starting to rise up is the same.
Though this is not 100% accurate but yeah better have them in popular and big exchange.
This is what made many investors fail,when they are not certain in products.