Bitcoin Forum

Hello fellow members :)

I was browsing coinmarketcap and was looking at the most fallen coins of the week... So i saw one at -97% over one week period and was wondering it would be a good idea to invest in it and similer ones cause they are at bottom and almost can't go any more down...

Is this a good idea/strategy??

Btw i am not looking at this as long term investment, just some quick bucks by day trading kinda.

Thankss

it depends why they crashing i think..if normal market down and that altcoin also dump yeah you can buy it

It is usually good when everything is crashing like we saw before hardfork of bitcoin.
Thats market behaving irrationaly. It is not because fundamentals of an altcoin have changed.
In those situations its a definitive buy

when crash for a reason

https://image.ibb.co/mqO1Ck/LEVELS_i.png

it depends on the coin and why it crashed.

sometimes it is a shitcoin that pumpers pumped from 1 satoshi to 100 and now they are leaving and it will continue down the tube.

sometimes it is a heavily manipulated coin like ethereum that people are dumping and the manipulators are waiting to start pumping it again as soon as it reached bottom.

sometimes it is a silly panic sell or a correction where people see the top and the little come back from it and start pushing the big red buttons saying "sell sell sell..."

in the first 1 of course you should stay away. but in the other two if you can find that bottom where dumping stops or is becoming very slow, it is a good idea to buy and keep your eyes open afterwards to sell fast to get that short term profit you are looking for.
beware that it is easier said than done :)

Just -97% isn't that a bit to much? Almost total portfolio anihilation, as if their chain forked or coin got delisted from major trade sites.

The old rule "the trend is your friend" still applies. If all traders going one direction the revenue originates from over there.
Swimming against the stream you can do until all dry powder has run out finally. "Catching the falling knife" and stuff.
Those sayings didn't developped in a whim.

The best time to buy and altcoin and make profit is when it is at the accumulated circles of the trading angle. When coins clash or dump? Opportunities are provided to buy them at the discount or cheap price. I have reviewed most of the coins in the market and one thing I have find out is that people that really make it in cryptocurrency are those that buy at cheap price and sell at higher price.

before buy crashed coins, you should know the coin if it contorled by the founder? if No, the you should consider how the liquity of the coin, how many exchange could you trade it?

only good coin, popular coin with good volume transcation after crash and down is good to buy
if coin not popular volume transaction is very low, maybe after crash down price never back again

it depends if coin have legit team chance is good to buy. most altcoins are just pure scam which mean the dev can't do the coding, just promises then disappeared over time and you can't never recouping your lose.

I am actually not a trader, but I have ever knew from a friend who trader, if you buy a coin that is crashing / down the price, do not buy with all the money, but buy in partial.

Here is one of my trading strategies, see one altcoin that falls especially within 1 week. I think this is the right time to buy it. But we need to check it first, how long has altcoin there is a market, then see the inventory, whether the last dump price still makes sense. If the dumper is not fair, then quickly we buy the altcoin. This does not apply for the long term.

it's depends in the coin condition,when you think it is fallen it maybe it's normal after the pump..so you have to be very very careful about the strategy.

A trader tgeach me that I should buy altcoins during their dump time but pay attention on its previous price as well so i could decide well and think if the dump's reason is necessary, if it is then go buy if not then go away. I am still a beginner when it comes to trading altcoinsbut I think what that trader thought me is so so effective since my portfolio is growing day by day not so fast but contented on it.

It is hard to say. My advice is trying to know the reason why it is crashed. You should try to vertify the news, instead of hearing from others. Then keep in touch with the dev team and I think you will know if you can buy it.

If coin has constant down line then it's better to avoid it, maybe coin was pumped and dumped. If coin have usual up and down then it's ok to buy it. Or maybe developers abandon coin? There are lots of factors which you have to look at, it's not just one, don't buy coin just because it lost its value.

It completely depends on the reason for crash, if the reason does not matter much, buying it would be a smart decision.

it is a high risk move but it can work.
and you can easily know the answer to your question you know.
just go look at the history of all altcoins so far, check their charts for big dumps when they drop drastically in a short period of time then see what happens afterwards and how much (if at all) they come back after the crash. then study multiple of these scenarios to see what happened and why. then you can get a good feeling of the market and make a better informed decision.

Yes it'a a good idea but you have to be sure the price will rise again , if not you buy them for nothing and it will be intelligent if you can buy them for a lower price and you buy a lot , and after the price rise you can sell them .

It is...until it isn't.

You never know what the future may hold!

Thanks for the reply guys.. greatly appreciated :)

So what my strategy is buy tons of cheap altcoins mostly the ones who have dropped maximum in 24 hr, rinse and repeat lol.

Really depends on the coin. There are a bunch of coins that drop 90% but are they good coins? Also look at the volume. Especially when it rises 90% look at volume too and maybe it could be a pump and dump.

Usually the big coins, if they drop like 20% are a good bet because you expect it to recover 20% back soon. Those are usually pretty good

Damn I not able to understand this illlustration.
Do you have any more of these or know where I can see such illustrations regarding crypto or trading in general?

These look so sweet and beautiful to look at and easy for brain to consume rather than reading text.

I think its good to look at overall trend, and also examine why the coin is crashing....are the fundamentals of the coin strong....is it pumped&dumped, etc...I have been the victim of some pump of dumps, and learned my lesson....but there is good sales on coins to be had at the current moment.

I have bought into some alt currencies after a crash, but they have not really risen to pre crash values ....yet.

So yes its obvious to say there are a lot of factors and trends to consider before buying.

Yes it is good to buy altcoins when they crash because you will have a great opportunity to buy them for a less or a huge discount from the previous price and that is what most of the investors are waiting so just buy and hold and sell when the price spikes.

it depends on the kind of project or coin you are investing, if the dev totally left the coin and there's no adoption or continuity of the project coming in, then it's not worth to invest in this kind of project, but if there's updates and the dev is well known then it's a good option to buy and hold.

That really depends since there is a chance that the coin you will invest in will dump all the way to 1 satoshi and there is also a chance that it would go high again after a month or more. It is like a gamble but always remember to not do the stop loss strategy, which is panic selling because it removes future possible profit. Just hodl and sell when you got nice profits already.

I belive there reasons for crash are more important becouse if coin turned into full scam there is no need to buy it will never rise in value again
But if you exeriend moves like that BTC jump in price up and alts goes down then you have like 90% chances of bounce back in value.
But bounce back doesn't mean same value. You need lear more about febonacchi IMO

It actually depends on the coin that's crashing and the reasons behind it. If you can see  that the coin still has a chance to rise after being dumped then i guess its high time to buy such coin. Then again, it still is a risk and you might have to hold on to the coin quite a bit longer than you expect since its not an overnight event.

It is good to buy low, profit is guaranteed. The market will always repair itself. But I would stick to the top 20 coins. Those coins have proven themselfand are safe.

I think the crypto market is a high risk market, as you can see the price can be pumped or dumped heavily. So it is not so easy to say if one coin is crashed and the price is  lowest.

As others have said, it depends on why it crashed, how much it crashed, and whether it is fundamentally a good coin.

I managed to buy some waves and some neo at the bottom of the dip, and they have both picked up strongly since. It's not always a good strategy, but in general I think if it's a whole market dip and some high quality coins have fallen hard, it makes sense to buy them.

yes it is a good idea. but you have to chose a good coin for this. There are many good coin ,when they crashed you can bought them and holding them you can earn profit.I would say buy PTOY,Waves,Nxt etc when they dumped. so crashing is also a good way for making money in crypto world.

I often seen coins being valued too high from the start(Founder put up a too high start price). It launches and it crash from the gogo. It then stay dormant for years while it is under development and suddenly it start raising like crazy again.

edit: removed the bad example :P It was the wrong coin

We cannot say it is always good to buy when they crash but if we look at the history, it is good to buy crashing coins but if they are abandoned coins you should think twice.

Someone once told me to look at the github activity to check if it was abandoned. Is there other ways aswell? Trading volume works to some limited extent

Hmm I see.. thanks for the tip :)

Right it is juat like wasting our money, if we can't afford yet to buy popular alt ,we just save our btc first and provide some additional amount until we were able to buy some in demand alt.

Yes it is. They nearly all the time recover in the day or the following. Best is of course to buy when everything is red. Then you are assured it will bounce back.

Control yourself please.. Why did you have to post that?

One of the things that it does give us an advantage is a altcoin who were to crash, but one thing we should have in taking the chance causes or problems that occur in it. Because if we just take the chance on altcoin crashes that occur due to the cause of something that causes the trust investors down or missing. I'm sure it's not a profitable kesemapatan, but a disadvantage. Because it crash or decline in prices can occur due to 2 factors (factors of economic and legal factors of loss of confidence)
 

It's like a gamble, because crash coin must have risen again, but who managed to rise again very little while the other remains dead, we will never know the future

Maybe yes maybe not, but it is depend how you explain crash?. Not every coin with low price is a good product to buy, we must see carefully. Some times that coin after crush become gone ( scam ), it's mean no more profit for us. See the price action and their volume to know where's the buy and sell area. Manage your money wisely and be patience. Good luck.

Absolutely yes, but it's always depends what coin you want to buy be sure that this is not one of the shitcoin. When I say shitcoin  there are persons manipulated the price to pump then suddenly  sell their coin to those people they can easily fool .

Will be kinda risky. Surely, there's a reason for the dump big as that. -97% is not a normal dump and will probably cause of lack in profit if you'll invest to it. But if you won't mind it,  and would still invest for it, you're free to do so. In my opinion, it is okay to take shot if you'll only invest a small amoubt of money, it will serve as a trial. And if it will make you profit, it's good. And if it doesn't? atleast you won't loose a big amount of money.

Haha, how to know the altcoin we hold not is shitcoin in future :)? Any crypto on market can become to shitcoin if the community of them not using in one day and going to other altcoin. Every things is possible happening, remember that ;)

There is always reason on crash, I actually want to correct CRASH to Necessity, Even Bitcoin has to face those problem once in a while because there are few huge investors in each and every coin and many of them belongs to those countries where Crypto Mining is legal and subject to TAX, So on such condition if anyone want to keep on hold on those coins also  but they will be selling at least there expense and Tax amount of Coin there most crash happens, Those huge investors don't hold there coin in exchange and wait for good price they sell in current pricing to pay there expenses and tax, if you figure bitcoin price even in bitcoin there is some buzz every quarter because some of big industries are cashing out bitcoin to fiat for there expenses and tax. So be sure to determine why crash is happening, Normal scenario of crash then go ahead and invest.

It depends. If the crash is because of a dump in market then yes, you should buy as much as you can and wait for a pump. But if the crash is because of certain announcements made by developers then you should not buy the altcoin.

I myself never invest in such coins. A coin which fall 97% in price just in a week can't be promising. There is no reason for a coin to increase in price after it has fallen.
If i want to choose between two coins that one of them has increased 100% in price and the other one has decreased 100% in price I choose the one that has increased in price.

always good time!!  I wish I wasn't stuck with some coinage before the big crash!!  hence the name bagholder!!  HAr hAr!!   ;D

When the price of a specific coin crash or other words dump it is a quite a signal for traders to buy more or to wait until it reaches its full dump potential because if you are a trader you should always follows the principle of basic trading where you need to take the opportunities of dumping and pumping of Bitcoin. Where you gong to buy when the price is low and sell when the price is high. So it depends on your management if your decision will be going to be okay or not in regards to buying altcoin that is dumping.

Yes ikr lol but its better to buy tons of cheap altcoins(like investing $5-$10 worth of altcoins gives hundreds of thousands of coins) and by the end of this year few of the coins will skyrocket like crazy(hopefully :D) chances are more this way...

Yah in general but you just have to be careful with altcoins because they are not regulated and there are some scams out there. It's not hard to make an altcoin and there are even companies popping up accept 0.25 BTC for Altcoin production! It's gotta be in the 1,000's of coins by now :P Just tread lightly my friend.

It all depends on the type of coin you are looking to buy...
there is no harm  to buy during crash,

Signatum is a good example and most thought after the pump it was over, dev released quite a comprehensive white paper and road map, I think it was doing 600 sat at the time, it made quite a comeback and now doing 1907 sat. But like others mentioned its the type of coin and what perceived value it holds.

when you buy at low you'd better make a survey about the coin , some coin is dead there is no need to buy
 

it can be a good thing.

Look at what happened to NXT in the last few hours:
Great coin, but awful ICO for a childchain called IGNIS. Big fud and panic sales + the stop-loss triggers kicking in...

If you bought at 4,400 sats, you are in for a profit.
I let you go on bittrex see what is happening: https://bittrex.com/Market/Index?MarketName=BTC-NXT


Not sure if and how it will come back. We will see.

Always been good to buy altcoins when they goes down, but make sure the coins you are buying have a good development and great community.

it's great if the whole market is crashing and the coin has a solid team, use case and plan

No, a good idea is buy altcoins in the peak of the pump, right before the crash

Only if you sell at the bottom (if your stop loss trigger or if you panic sell).

Yes it is in the nearest future some of that would become shitcoin. And thats a reality that we need to face be positive on all aspects here in bitcoin world because everything here can change rapidly.

huh wat?

classic equity trading history shows that buying falling assets is a very bad idea. For crypto alt coins i would say it is even worse idea. Even if coin has any fundamental reason to gain in value (highly doubt about that) it can take ages to recover.
the golden rule of technical analysis is buying only if price action is uptrending and showing higher highs and higher lows.

i think it is a bad idea to buy explosive rallies as well. if you are late in the action it is better to wait for correction and only if price starts to uptrend again buy it at that point.

I agree with him. Its just a bit risky. Aside from it depends on the cause of crash, it is also dependent on the result. If the crash us fixable, then that is an advantage for you, it may cause the market price to increase because they have to show the people that the altcoin is stable and usable again to gain supporters from the crytocurrency world

If crash on altcoin has good prospects, is perfect idea to buy it even as much as you can. However, we must recognize the altcoin itself, lest we buy junk coins. Which is used to gain a moment's profit by developer.

Actually on crypto world, not have definion alive forever as gold or currency in outside. Because the value of them are virtual and set by the community use it, like a community using gems, gold when play MMORPG games and use FIAT for exchange it

really depends on the reason for the crash in regards to wanting to buy it up. If the market was depressed like it just was then yes its probably good idea to buy the coin or coins. But if we were in a bull market and it was crashing then I would be pretty hesitant unless the coin had a unique feature which I had faith in that would bring it back to life.

It depends on the fundamentals of the coin. If the coin is good but the crypto market is down, I continue to buy. This worked well for me when Ethereum fell last month.

It depends which altcoin is crashing down.If bitcoin price is going down and that altcoin also research then that altcoins and if it looks like a good coin then it is good to buy it to make profit.

It would depend on the reason why the coin's value drop. If it's just because a recent pump has happen and then it was dump but it stop in its previous support then maybe it's a good chance to buy. If it seems that it continues to drop for a long time then maybe it would still continue to go down and if you are looking to buy it in short term then its not advisable. There are many factors to look at when buying altcoins not just because the value of it is down then you should buy it.

Depends on the coin.

Probably include ETH, LTC and the big boys. Same goes for BTC, buy the pullbacks.

Well technically yes, it is good to buy coins when it crash. Like others are seeing this as a opportunity to buy and have a decent profit. But a lot of factors to be consider here, like what's the reason behind that crash and how this coin is behaving in the market before it crash. The uptrend and the downfall of a coin is also must see, like if its recovering quickly when it dumps. Lastly the stability of it when it pumps, like how long it remains in that rate. Therefore, you must analyze first the market.

Yes, its good to buy when its red or dumping and when market recovers, then you are on profit. But take note, please study first the coins you want to buy. There are coins once dumped, they barely recover be vigilant  with this. Just invest in the bluechips like the top coins in coinmarketcap.

Yes off course this well give us more profit. Like happened in Bitcoins fork crashed up to 1,800$ I remeber. Then back it into normal price until we saw the new all time high 3,300$ so if you bouth 1 BTC in 1,800$ price you will earn almost 87% on your investment. but be carefull because there are a risk involved better get much knowledge before buying because some of Altcoins crashed not normal in to other so if you buy then you don't have any research . Maybe that coins dump long tern so you don't any option to sell or to hold with no assurances that they can back again.

i think it is case to case basis.... but itis good to buy coins when the market crash... low price coins equal to a week to pump them up by many manipulator and ta dan.... its like what happen on the hardfork in bitcoin... price go's down (maybe because some holders are getting panic) and then after the fork the price back to normal and after a days or a week it increase its price by $3200 ... oh yeah!!!

That’s the way we are normally doing. But sometimes some coins get long time to go up. And some are not recovered at least the price which we brought. They stay at bottom level. Some are up and down regularly. Before you invest money in a coin it is better to do a market survey first. My opinion, if you are thinking on short term profit, buy second category fluctuating coins at cheap price and keep your eyes to sell them when price get high.

I think it all depends on what coin are you referring too. There are different reasons why coins price fall. If it's a shitcoin that's pumped by some dude and decided to let it down the drain, then it's not good to invest into it. And there are some coins that are highly manipulated by people such as ETH, I think this would be a great time to buy. Just check the coin first and read some news about it before doing something.

It's a good strategy but it's not successful every time ,so be careful

Price movement is very correlated across nearly all coins due to lack of realtime information on individual coins. Thus when the market is up everything is up, regardless of if it should be or not.

If its a good coin is a solid project adding value and utility then buying low and holding is always a good strategy.

From my experience, I would advice against it. A few years back, I purchased Litecoins after the prices crashed from BTC0.05 to BTC0.03. But it continued going down and after a few months, the exchange rates reached a low of BTC0.004 (I didn't waited till then. Got rid of the coins for 0.008 BTC each).

As others have said, it depends!


depends, on why it crashed,      -> and u need info.
depends, how much it crashed, -> and u need info.
depends, is good coin.................  Depends!!!

I have buy rdd in 2015 for 0.x09, after maaaany time i sell @ 0.x07 ( real low ), but i have put 0.3btc on @0.x01..

i have buy 0.3 btc, after then was w8 maaaany time too and i have sell @ 0.x04... after 1 week was 0.x30>... lul.

My win (4x) was lose, but this is this word.

Additionally what Yza_azY said I would say for example if something like Chaincoin will crash from 6$ to 0.5$ it is really bad idea to buy in, If something like PLBT goes down from 8$ to 4.5$ it could pay off to buy in for long run.

Something that you also have to consider and i didn't see any mentions about: Be very careful when looking at a 1day or 7day chart - the coin might be down -100% but it could've surged up 500% a few days prior to that... So you're not really buying a coin that 'crashed', but a coin that had an unsustainable/unexpected growth and is not correcting its price.

For the truly 'crashed' coins - i'd personally stay away from them. They usually dont recover very well, and it might take a long time if they do.

haha I remember someone posting in Twitter that QRL is dead since it dropped more than 50% in 24 hours and only transaction you can see Sell, but when someone posted that its about to lift off, theres a sudden rush to buy and take advantage of the pump. So bottom line is when you see a dip, take advantage, buy and hold. Patience is they in trading.

crashing is the best time to buy altcoins and if you have money, try to buy some altcoins for your own. But remember, do not spend all of your money during the crash because there is a high possibility that there will be a second crash. Therefore, if you spend all of you money, you will suffer a huge loss in a second crash. As you can see, before the hard fork, the whole cryptocurrency system has been down for many day

Yes it's good, but you should know why altcoin crash and you need valid reason for this. It's not good to buy altcoin if they crashed because of coin developer abandon his project, scam other people and make sure coin crashed not because dump schemes

Only if this altcoin is from TOP 20 list of cryptocurrencies.

Maybe if the cause of the crash is because bitcoin is going too high. If the price of bitcoin levels again, the price of alts will go back up. So buying in the bottom is a good opportunity. But if the crash is because of devs dumping on you, then it is suicide to buy that alt.

Depends on the cause ,why has crashed. You should check well why that particular coin has crashed. For example if you look at BURST coin it crashes from 900sat down to below 250sat, was arround 600sat for several months. And DDOS attack on the blockchain have causes the crashing. And the problem has not solved for a month.

I agree because when you know the main reason why the coins become crash you have an idea on how to enter in the market thant can help you to generate profit

This strategy doesn't apply to all cryptocurrencies universally. While this technique may be useful in case of coins having large marketcap like STRATS or WAVES but kill your amount if you are considering coins with small cap which are mostly prey to big whales who pump/dump these coins and kill coins' natural market forces.

That is just one single sign that there will be profit later as it is already on the bottom. But it is not really conclusive. Beware of jumping into sudden buying simple because a certain coin is crashing. You might just be throwing away money in the end.

Look at the coin closely and look for new updates and projects. If you found out that it is not that working good anymore, the crash might be a sign that it will be dead soon.

It is a different story altogether if the coin involved is some great working coins. There must be some pumping soon after a crash.