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Title: When to consider buying a coin ? Post by: coasterridex on January 20, 2018, 10:07:16 PM Hello guys ! Still a newbie in this community and seeking for your opinion and advices. Every suggestions will be accepted. Criticising my work is a good way also to help me understand/learn more.
So, I was just wondering how could i consider/know when to buy a coin if i want to since i am also planning to invest some money on ETH. I understand the fact that we buy if the price is low or if you can see that you can gain profit from it but what i mean is that how could i know that the price is already low or it's enough for me to gain profit. I have been visiting some site daily to check every coins price but i dont know if the price is fair enough for me. Did i make any sense ? Hope you guys understand what i mean. Thanks a lot ! Title: Re: When to consider buying a coin ? Post by: sonic22 on January 20, 2018, 10:24:50 PM Hello guys ! Still a newbie in this community and seeking for your opinion and advices. Every suggestions will be accepted. Criticising my work is a good way also to help me understand/learn more. So, I was just wondering how could i consider/know when to buy a coin if i want to since i am also planning to invest some money on ETH. I understand the fact that we buy if the price is low or if you can see that you can gain profit from it but what i mean is that how could i know that the price is already low or it's enough for me to gain profit. I have been visiting some site daily to check every coins price but i dont know if the price is fair enough for me. Did i make any sense ? Hope you guys understand what i mean. Thanks a lot ! If you're in for a long term hold then it doesn't really matter, buy it, put it into paper wallet and lock it in your safe for few years. If you're after short term gains then it's up to you, study the market and make your own conclusions. Title: Re: When to consider buying a coin ? Post by: hase0278 on January 20, 2018, 10:33:48 PM Hello guys ! Still a newbie in this community and seeking for your opinion and advices. Every suggestions will be accepted. Criticising my work is a good way also to help me understand/learn more. Look at the charts. If you see it going down recently, then you will know that the price is low and is a good entry point in ETH. Do not buy when you see that it has gained some value because it might cause you losses in the long run. If you are in for a long term hodl though, do not look at prices since current price would not matter anymore in the future because it might have reached unimaginable heights. So, I was just wondering how could i consider/know when to buy a coin if i want to since i am also planning to invest some money on ETH. I understand the fact that we buy if the price is low or if you can see that you can gain profit from it but what i mean is that how could i know that the price is already low or it's enough for me to gain profit. I have been visiting some site daily to check every coins price but i dont know if the price is fair enough for me. Did i make any sense ? Hope you guys understand what i mean. Thanks a lot ! Title: Re: When to consider buying a coin ? Post by: Crytptohack on January 20, 2018, 11:25:18 PM Yep, as mentioned you have to look at the charts of the asset that you are interested in. It helps to learn the fundamentals of technical analysis which _may_ help you locate a short term or mid term bottom.
You will need to know trend lines, support and resistance levels, stochastics, trends, channels. There are a lot of YT videos on basic TA. Once you are familiar with the basics, you'll probably want to learn what Fibonacci and Bollinger bands are. GL Title: Re: When to consider buying a coin ? Post by: SWONG on January 21, 2018, 01:32:33 AM Recently price fall is an good chance for buy coin. Now a little rise up,
But if you find good value coin, you can choose anytime buy it, because now it is earlier for develope of Blockchain. I think as early as can will be easy, or the price will more and more high cost to buy! Title: Re: When to consider buying a coin ? Post by: aardvark15 on January 21, 2018, 02:13:13 AM Hello guys ! Still a newbie in this community and seeking for your opinion and advices. Every suggestions will be accepted. Criticising my work is a good way also to help me understand/learn more. So, I was just wondering how could i consider/know when to buy a coin if i want to since i am also planning to invest some money on ETH. I understand the fact that we buy if the price is low or if you can see that you can gain profit from it but what i mean is that how could i know that the price is already low or it's enough for me to gain profit. I have been visiting some site daily to check every coins price but i dont know if the price is fair enough for me. Did i make any sense ? Hope you guys understand what i mean. Thanks a lot ! You can buy gradually by dollar cost averaging dollar then you would not need to find the low price. Just buy on a schedule like once a month. Then hold for a few years and you should see a profit. You can also buy at what you think is a low point. You will need to hold long enough to achieve the profit you are looking for. Title: Re: When to consider buying a coin ? Post by: HabBear on January 21, 2018, 06:07:58 AM So, I was just wondering how could i consider/know when to buy a coin if i want to since i am also planning to invest some money on ETH. I understand the fact that we buy if the price is low or if you can see that you can gain profit from it but what i mean is that how could i know that the price is already low or it's enough for me to gain profit. I have been visiting some site daily to check every coins price but i dont know if the price is fair enough for me. Yeah, that feeling of not knowing if the price is low or not is....uh...kind of the point. If you knew that the price was at the bottom, this investing thing would be easy and everyone would be rich! The world doesn't work that way. And predicting the price of Bitcoin or other crypto currency is very difficult, it's impossible really. The best thing is to decide if you believe in the future growth/value of the coin then you should buy some, today. That's your starting point, your cost basis. If the price goes down but you still believe in the future growth/value, buy some more. And you're on your way. That's it, man. |