When to buy - question to Hodlers - page 3.

masulum

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hmph..

Quote from: TheGreatPython on May 12, 2020, 12:46:37 PM

-snip-

Yes, you are right if we just need to see the price. When someone decide to be an active trader, he/she want to get daily profit. When you say if we are buy in 8k and drop to 6k, bitcoin will back to 10k or even higher in the future, but its not effective for daily trader. That why many trader using indicator, with this tools at least they can analyze, take a decision or even set cut loss to minimize his/her asset drops in short period. Your suggestion for holder only, not for daily trader i think.

K4C

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I think this is the buying bitcoin near the low have been more consistent and predictable especially within the first few days. Second, note the higher confidence of returns above zero. Buying at near-term highs does have a higher return in general, but its less consistent and comes with some downside risk in crypto market. The market depend bitcoin is prone to a massive drop from time to time.

TheGreatPython

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Quote from: masulum on May 10, 2020, 07:13:31 AM

Quote from: makalve2 on May 10, 2020, 06:02:28 AM

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

I'm not tradest.io user, but from their website they are claimed if has 78% accuracy, i think you need to re-thinking about this percentage. I have an alternative if you interest, you can use custom indicator or open script indicator on tradingview, this is will be safe for you since it available for free user. You can try and practice before implement in your real trading, DYOR

I would say not to use any indicators aside from the price and only the price. When you look at the price you clearly see when it goes down and when it goes up, just act accordingly and you can buy when it is low and when it is high. If you see price moving from 4k to 8k, DO NOT BUY bitcoin, even if it goes to 10k after that. When price is going up that is the worst time to buy bitcoin.

However if you see it go from 10k to 8k you could start thinking about buying bitcoin a lot more, sure that is still a little drop and not enough to go all in, that type of small drop is when you go in a bit, still go in because you can make a profit, but not all in. However if you see it go to 6k after this, you can go all in. Believe me eventually it will be 10k again in 1 year after you buy at 6k.

carlisle1

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Quote from: sujonali1819 on April 27, 2020, 12:09:51 PM

Keep hold fiat in you hand. And wait for the sudden unexpected dump. Then start to buy as much as you want. Wait with patience.

if we can separate the greed from the expectation then possibilities is always there but the problem is people now that newly entered this market always look for profit but not to expect dropping thats why when it happens they automatically panic and sell .

Quote from: sujonali1819 on April 27, 2020, 12:09:51 PM

If again make a huge drop from that zone try to buy more. And wait patiently. Maybe it will recover soon and give you some profit. (It’s only for recent market trend.)

for my years here the best and effective advice usually in topic is patience and yeah i have used this for many times and i mostly make good profit than when i am in rush.

BitcoinTurk

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The market has been very active lately and prices are changing very quickly. For this reason, if I need to comment according to today's market conditions, I think that every downward movement is a buying opportunity in the short term and I make my purchases in the declines that I consider as every price improvement. I think it is early for medium term purchases, so I continue to make purchases and sales without making medium term investment plans. As for the long term, I think the prices are very affordable, but since I am an impatient investor, I do not show much interest in my long term investments. Of course, I do not neglect to expand my long-term investment basket by separating my profit margin with the short-term transactions I have made from time to time. In summary, I think there is a purchase opportunity for the short term, I do not have a clear idea for the medium term, and I think we are at very good price levels for the long term investment.

bitbunnny

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Quote from: Sanitough on May 10, 2020, 06:17:23 AM

Quote from: Lorence.xD on May 10, 2020, 05:23:04 AM

My method of buying is when the price is low so that I can maximize the money that I will put into it, I think that it has been my mantra ever since my friend introduced me to bitcoin.

If you will strictly follow that, I guarantee that you'll be able to grow your money here in crypto, but make sure you don't buy shitcoins, and to be safe, just buy bitcoin and just do that strategy every time you see a great entry price and then sell when the market is bullish again.

with the bitcoin's volatility, you can expect your money will grow in no time.

That is one of the basics of trading, to.buy low and sell high, that is what gives profit. However, it's not always easy to edtimate how low the price will go and when is the best time for buying. The same refers for selling too. So, there is always certain amount of risk and possibility for bad judgment, otherwise trading would be very easy, wouldn't it?
However, I completely agree that the best option is to stick to Bitcoin, experimenting with bunch of anonimous coins is not the best strategy.

masulum

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hmph..

Quote from: makalve2 on May 10, 2020, 06:02:28 AM

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

I'm not tradest.io user, but from their website they are claimed if has 78% accuracy, i think you need to re-thinking about this percentage. I have an alternative if you interest, you can use custom indicator or open script indicator on tradingview, this is will be safe for you since it available for free user. You can try and practice before implement in your real trading, DYOR

Sanitough

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Quote from: Lorence.xD on May 10, 2020, 05:23:04 AM

My method of buying is when the price is low so that I can maximize the money that I will put into it, I think that it has been my mantra ever since my friend introduced me to bitcoin.

If you will strictly follow that, I guarantee that you'll be able to grow your money here in crypto, but make sure you don't buy shitcoins, and to be safe, just buy bitcoin and just do that strategy every time you see a great entry price and then sell when the market is bullish again.

with the bitcoin's volatility, you can expect your money will grow in no time.

makalve2

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Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

Lorence.xD

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My method of buying is when the price is low so that I can maximize the money that I will put into it, I think that it has been my mantra ever since my friend introduced me to bitcoin. I don't have problems with the way you spend your money to invest on bitcoin but I can see that you will be netting less profit because you are buying bitcoin no matter if the price goes up or not. My advice to Hodlers out there is to set a price where you are willing to let go of the bitcoin you are holding so that you will not wait for something that will result in fruitless endeavor.

bitgolden

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There is nothing wrong with the method you're using to buy Bitcoin. Some of us don't do it that way, though, we just wait for the right time to buy. I don't buy every month, I only buy when I feel it's the right time to start buying. Whenever there are some situations whereby the price starts falling and people are selling, I usually take that opportunity to buy as much as I can and store them in my wallet and wait for when to sell.

When the pandemic affected the price earlier this year, I seized that opportunity to buy some coins and add to my wallet. The ones I had before decreased in price, I didn't sell them, it was already late so I decided to buy more and add to it lol. I guess any price levels just before the halving should be a great price to buy and hold as halving mat trigger another stronger waves like what we had in 2017.

pgbit

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I want to say bitcoin buying near the have been more consistent and predictable especially within the first few days. Second, note the higher confidence of returns above zero. Buying at near term high does have a higher return in general, but its less consistent and comes with some downside risk. Even though there are no trading sessions that account for more or less volume, there are certain parameters to take into account before buying cryptocurrency. According to multiple analyses on average daily bitcoin prices.

South Park

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Quote from: fullhdpixel on May 02, 2020, 12:39:18 PM

If you ask the true bitcoin lovers (who are all the known long term holders) about when to buy bitcoins, then they will simply answer like "all the times are good to enter bitcoins because we are still in the beginning days of bitcoin's boom and you may consider yourself as an early adopter and late adopter of bitcoin yet to born" Grin

. Yes, we have seen these at least 100 times across this forum's various boards.

Honestly, the current times must be most right time to buy bitcoins by considering the upcoming halving. You may not need to wait with holding if you expect some 10% or 25% of returns. But, it is highly recommended to hold until 2021 if you look for 10x profits. Yes, 1000% returns if you opt to hold for years. So, current time must be more profitable for the people who plan up for years.

That advice is true if what you're looking for is to hold your coins for a very long time but very few people have the patience to hold for that long, if what you're looking for is to obtain some decent profits in a short amount of time this market can give you those profits but for that you will need to learn to read the signals the market gives you and that is not easy to do because as we know the whales in this market are very powerful and they can manipulate some of those signals as they wish.

tvplus006

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Quote from: xxjumperxx on April 27, 2020, 03:21:37 AM

...
I myself buy Bitcoin every month no matter the price for a set amount from my paycheck, in hopes of averaging the price I buy for...

If you believe in the growth of bitcoin, then the price that exists now does not matter to you. But this is only in theory) In practice, you should not buy BTC at the highest possible price. I believe that simply keeping your bitcoins in your account is not the right decision. Sometimes you need to sell your BTC and then buy it back at a lower price. But this already requires special knowledge)

Kasabus

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Quote from: michellee on May 07, 2020, 12:57:23 AM

Quote from: celot on May 06, 2020, 09:19:39 PM

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

I think they can analyze to find the best time to buy altcoin or bitcoin, but the best time to buy is when the price is down deeper than the last price. But to get a good time, we need to wait for a while because the time will not be unpredictable so you need to use the alarm if the price can reach a level price. If the alarm sound, that means, you need to prepare on the market to buy the coin.

I still follow the most basic one buy low and sell high because i'm still making profit from it even if it takes a long span of time. Although we cannot predict the lowest value, but once the current price has dropped a bit lower, i will start buying bitcoin and then just patiently waiting when it will increase its price so i can start making profits. Of course patience would still be the best virtue not to panic when things aren't going your way.

CarnagexD

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Personally one of the common questions of the people when is the right time to buy a lot of coin and bitcoin. For me, I used the traditional way of making profit what is that? When the market price drops or we called as the dip I bought a lot of coins just simply applying the rule if buy low and sell high that is the basic concept of making more profit or income and also it depends on your when you think that the market price of the coins drops so you can make a huge market income. It is not only the right time to buy or sell your coins but for me halving is one of the best effecting ways to do that kind of methods of earning because most of my investment and trading makes me a huge income with that so profit is with me.

Quote from: michellee on May 07, 2020, 12:57:23 AM

Quote from: celot on May 06, 2020, 09:19:39 PM

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

I think they can analyze to find the best time to buy altcoin or bitcoin, but the best time to buy is when the price is down deeper than the last price. But to get a good time, we need to wait for a while because the time will not be unpredictable so you need to use the alarm if the price can reach a level price. If the alarm sound, that means, you need to prepare on the market to buy the coin.

One of the things we need to consider too is what kind of coin you will buy because when halving comes most of the people will be bought a lot of bitcoin but if not it is for altcoin season so be wise what and which coin gives you a huge income.

AniviaBtc

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Quote from: carlfebz2 on April 27, 2020, 05:49:59 PM

Quote from: xxjumperxx on April 27, 2020, 03:21:37 AM

Im just asking because I want to know if there is a more effective way to do it?

tl;dr When do you buy your Bitcoin?

Since youve been considering for long term aspect then the thing youve been doing is just fine where you dont matter much on what price you had entered or bought as long you do aim and just tend to accumulate as much as you can.Being a hodler wont really be that easy where there are lots of temptations of selling off specially when you do saw you are profiting nor the price had gone down on where you had purchased.
So its up to you since its your money after all and buying anytime will be the best thing to be done specially if you arent really that caring much on its price for short duration.

The most essential thing here in trading is patience and good timing. People are struggling when to buy and sell bitcoin because they aren't knowledgeable and aware of the market. In hodling, people are really greedy and tempted to sell even if it is not that necessary to do that, there are always a possibility of bitcoin to increase its price simultaneously and that's the reason why you should wait for the right and fixed moment.

But all of the things and happenings in your trading career is in your hand, it is up to you if you will do good in your transactions. In long term profit, you should really think critically to prevent short term losses because that can affect your trading quality if you let those losses enter your transactions. Always be aware about the market movement and the factors that affects it to read some changes in its price.

Reatim

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Quote from: leea-1334 on May 06, 2020, 12:33:55 AM

Quote from: Reatim on May 05, 2020, 10:53:03 PM

I believe in your trust in Bitcoin because Buying monthly even if the price is going high is rare attitude of investors here.

I admit wanted to do the same but when the market is bullying/i start to feel helpless and becomes contented in my Holdings and this made me bitter once the value continues to grow the next days.

But one thing that we have in common is buying at least once a week or month specially when the market is in below 6k .

I do not think it is a rare attitude,,, I know a lot of people including myself who buy every month, or every possible period, it is the only way we can get bitcoin a little bit. This is called average costing, very old tactic:) It does not care about the price, it just buys whenever possible.

Not because you are buying as well like OP meaning this is not a rare attitude,because can you name other people that has this same objective?many of us here are buying monthly but that is when the price is at low level but not on the moment that bitcoin is in bullying time.

I rarely found even in my sets of friend that has been loyal to bitcoin butt hey prevent buying when the peak is there and when they felt like another dump is near to com.like what happen in 2017 when people buys more in december but suddenly becomes failure in january.

michellee

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Quote from: celot on May 06, 2020, 09:19:39 PM

I think many trader ask on forum when good time to buy altcoin or bitcoin, always the same question from many trader exactly with beginner in trading way. I think best time for investing and trading when your potential coin have touch support price, you can buy much do you want if you can't analyze with coin price.

I think they can analyze to find the best time to buy altcoin or bitcoin, but the best time to buy is when the price is down deeper than the last price. But to get a good time, we need to wait for a while because the time will not be unpredictable so you need to use the alarm if the price can reach a level price. If the alarm sound, that means, you need to prepare on the market to buy the coin.

Negotiation

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We should not be disappointed when the price of currency falls We have to wait patiently believing that the price will go up anytime It is easy to make a profit if the price goes up. I think now is the best time to buy The price of every currency in the crypto market is rising Bitcoin has moved to almost half of the events Prices are likely to rise further so we can get double profit if we buy and hold now. The market is rising steadily and the price of currencies is rising due to the impact of bulls Great time to buy and hold Bitcoin.

Topic: When to buy - question to Hodlers - page 3. (Read 1061 times)