Topic: when is the right time to buy cryptocurrency? - page 15. (Read 23267 times)

And we hear these things so many times, but until asked if you ever made a mistake? Everyone will agree with me that we all made mistakes. Mistakes are inevitable, factors like that will train your kidneys to have more experience what to do first but problems like that. There is both profit and risk in this market so your time in the market will make you a more complete person.

For me the best criteria for buying the right altcoin is if it was listed in exchamge already. That was the first and foremost thing you should look for. Through that one, you can assure that coin already established a good foundation — that it is not a scam or a fraudulent hype. But be careful because not all coins enlisted in exchanges are worth of your money. Of course, choose the one which got a higher ranking and have good feedbacks from the crowd.

There is no right time to buy cryptocurrency because no one knows when to rise or fall the price. We can only predict but still the result is desame either the price go up or it will go down. But if you are true believer of bitcoin or cryptocurrency as a whole i think you dont need the right timing to buy what you need is to hold and buy bitcoin or your favorite altcoins when you have extra money and disregard the price . Other people reason why they invest on crypto currency not because they want more fiat money but because they are the true believers of crypto currencies and blockchain technology and also they believe that one day crypto will replace cash.

This question is always ask when there I some sort of a bullrun, missing out kind of thing.

The right time to buy cryptocurrency is when bitcoin was less than a dollar while the second best time to but is now. If tomorrow the price of crypro will plunge, you can always hold, it will come back to the price you bought.

I don't know if you have thought of this yet, as the things you share are full project fomo signals and hype it.

Agree this is very sensible because since each project has its own way of attracting people, you want to choose the best timing of buying a cryptocurrency . Have you ever been to work or accompany a project that when they succeed, you will realize an important factor, the profitability of choosing the right time to pay is still important if it really is. products you need to use or care about.

Actually I do not agree to the all of the lists that you mention and all of it doesn't guarantee any returns. Let's get to the number 1 first which is buy during ICO or IEO, Actually there is guarantee a success here because you do not know if the project will be patronize in the market. The second is buy when the coin dump, it is like catching a falling knives because what if you buy in dump then suddenly there is a huge dump again appear; of course you will lose huge amount of money in there because that strategy is really risky. The third is to buy when there is a good news, I do not rely on any news so I do not care if there is a news and usually those news are only creating hype so for me it is not good to buy just because there is certain news.

The fourth one is when the price is suddenly pump, you should not just quickly enter in a trade just because there is a huge candle. Planning is one of the most important key in order to become profitable trader so create a plan first before enter in a trade. The 5th is when the coin listed in big exchange, actually most of the defi projects that are been listed in big exchange are keep dumping. Only few coins that are surviving and holding their current price after got listed in specific exchange and the last is when the project have already product, not all of product are been patronizing a lot of investors. Most of the investors are just focusing on price appreciation and not to the certain product.

There is no actual time to buy cryptocurrency than to look deeply on the use cases and the team behind if they qualified to deliver what was specified in the whitepaper. This kind of strategy is for a long time, and I am not talking about any form of shorting here.

For number 1 and number 2 too risky
I mostly buy coins when the project has good news, buy when the price starts to go up (pump) and when the coins of the project are listed on major exchanges (more precisely before being listed on the big exchanges)

You should exclude buying during ICO,

It is not good to buy coins in any running ico nowadays, most of it is scam and as far as I know, there is only a few of it. Buying in ICOs will only lead you to lose your money, you will not expect anything even if you have waited for a long time. Might be better in this case if you buy old coins or top altcoins than buying in ICO.

 Obviously everyone has their own way of buying crypto, some people buy it very early, some people buy it very late, some people buy it when it goes up believing it will continue to go up, some people wait for it to crash in order to buy. The great thing about crypto which is also the scariest thing about it, you could make a profit from a coin with one way, while also losing money on another coin with the same method.

 Just to give an example, lets say you are the type of person who gets in at pre-sale very highly discounted price, one coin could turn out to be something awesome and you could make x10 profit with it because you got in very early, another coin could turn out to be horrible and you could lose all of your money there. As you can see the method of investing is same, but because coins (and tokens) are built differently not all of them will have the same results.

If you are aiming to invest in coins like btc or eth then everytime is right to buy them because they are the real thing, the brands, the representatives of the market and the most legit coins out there. Personally I am super bullish about them, its better to accumulate them from longterm support areas but buying continuously with your extra cash every month will also give you good cost average and benefits after few years.

Study the project or the coin, if a newbie better buy top performing coins or study BTC or ETH firs on how they move, it does not mean when it's pump we will buy since we might not know if it will just drop in a bit. Better learn how to read charts and analyse each project. Once done in studying atleast few top coins by that time maybe will be able to analyze how other crypto works in the market.

I am assuming you are talking about altcoins. For Bitcoin, you may enter when you think the price is on the dip. For altcoin? You forgot to write a point, "buy altcoin when you can afford loss". Because whenever you buy altcoin risk is involved with that. Even an exchange could delist an altcoin at any time. So if it happens, then you will have to lose hugely. Main of buy altcoin that you should know the background of a project, and obviously, after listed on the exchange. You should choose a coin or token which has been listed on multiple reputed exchanges. So you can reduce risk in this way.

If the project is promising enough it's better to buy at ICO price, this will earn you big profit, DIA did bon curving this year at 0.5$ I guess and after the token start trading it hits 4$ per token, see that insane gain? If you aren't sure then wait for price dump, bitcoin always drag down other coins so you can buy altcoin like NEO, it's very good at sharp recovery

if the project is promissing maybe at the crowdsale stage is the right time mate
but, if this project already tradeable in the market, i think we must use some technical analysis to predict the right time to enter the market
and we will know when we must exit the market in the right time too

Bear market is the best time to buy coins, now I think the opportunity is almost over, year like 2017 is the best time to buy but people lacks patience, they always want quick money that's why they don't have the patience to hold coins for a long time, I'm really not into holding many coins but top coins like BTC and ETH can't go wrong.

From the standpoint of a trader, this is the most likely the right time to buy cryptocurrency. But market isn't that easy. There are always fake pumps. Even when you buy at the right pump, you still need to know when to sell. Your post is mostly about Fundamental analysis and that way, you are always the follower. Just remember this: "Buy the rumors, sell the news".

After the experience of almost a decade in crypto, I can tell you that there is no suitable time. There is only a time when you should not buy, and that is when the project has been hyped for some time. Many wait too long and then buy at the all-time high and then lose a lot. If you are convinced of a project, do your work and make an in-depth analysis, if it convinces you then buy, just not when it is at its all-time high, preferably in a correction, otherwise leave it alone.

It depends on the coin, not all altcoin when it has been getting dumped the price will grow up again. The decreasing price of the coin can have two reasons, first the coin doesn't have a real value/function, it was just created because HYPE like now DeFi system, and second, the coin has a good value/function but the decreasing price was happened due to a bad sentiment market for all crypto currency price movement.

It is not my strategy, because my strategy is buy the rumor and sell the news.

How can we know that the increasing price is not fake? you may need some strategy especially a technical analyst. Through this strategy, you will know when the price touches its strong support/resistance. Usually, if the price touch this area it will give an indication of a price reversal, and that is the best time to buy/sell the coin that you analyzed.

If you just sit there without making a choice it will only waste your time, so what I mean is trying to make an investment decision as quickly as possible. it's about time and effort. on the other hand, if you want to take advantage, invest when the project offers low prices, such as during an ICO pre-sale. This is quite risky but can be profitable if the project is successful in the market. and maybe a bad choice if buying coins after experiencing a big pump. most of the new coins after being pumped it is difficult to reach the highest price again, except only with real coins especially BTC or ETH.