Bitcoin Forum

This is the place for describing the trading tactics for buying coins. Describe what you saw or what you know about successfully buying coins. :)

Title says for buying coins, post says selling, I'm torn.

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Buy low, sell high?

Good ideal. How do you determine what is high and what is low?

What is high is what is any percentage you want that is above the price of when you bought.

One is less one is more than the lesser number

You are kidding right? :)

Look at the charts... If a drop is too big you might squeeze some profit out of it. Investing by buying is risky though and won't pay out much unless you're extremely lucky or you put in much.

When you buy at the top, that aim seems unreachable (just like an ideal :) ) at least for long time, and when you buy at the bottom that aim is not an ideal ;), it is too low aim often.

I would give out more details, but then my strategy would become useless with everyone using it. :)

Basically all strategies involve selling higher than your bought in at or conversely sell at a price you believe you can buy back in at a lower rate (shorting). As long as you make enough to cover fees and the spread, you are golden.

Well it works best if you have more than one buying and selling points.
Like you could make orders to buy something at 0.08, 0.076, and 0,7. Then try to sell at 0.88, 0.94, 0,99. That way you have more chances to get it right.

1. Buy VTC: https://bitcointalk.org/index.php?topic=404364 (https://bitcointalk.org/index.php?topic=404364)
2. Profit

I agree with this and you need to stay flexible to what the "middle" is, as it is always moving. Thus if you buy everything under 0.80 and sell everything above 0.88 (using numbers from your example) you need to be adjusting your range according to the market.

One thing where I think maybe people fail at is they only value one side of the trade. What I mean is with alts coins, people only value the BTC or LTC component, just as with BTC trades, they only value the fiat component (USD, EURO, etc.). So using an example from someone's post before, you buy in at the top or bottom according to what you values more. People only view trades with what they make in let's use USD for reference. So if I sell BTC at $900 and it goes up to $1,000 many feel they missed out or lost. They don't have the same faith in BTC that they have in USD, so they lost out, or missed the boat, etc.

This is also why when coins go on fire sale prices, you still see people selling like mad. Its "OMG, crash I need to get out now and save what I can" (see the value argument I am making?). Same thing when it has gone up $200 over the weekend, "man I better buy in now before I miss out on the rocket ship". Until you are sure of your convictions and have equal faith in both sides of the trade, you will not make any money.

Now this doesn't imply buying in like a fool if your coins suddenly plunges in value, you need to keep current on events with the coins your trade, was there a major problem discovered in the coins code, a fork in the chain, etc.? If there is no fundamental weakness, only normal market dips and peaks, you need to stay the course and take advantage of whatever is happening in the market at the current time.

It might be very dangerous to buy at the top. If you bought coins at the top, do you have enough money to buy at the correction now?

Look at the many coins. Biggest volumes were at the top often. Prices fell more than 3x, more than 5x, and now nobody or rare ones are buying.

Why? What was so good at the top and now is not so good?

secret tactic? Be in the secret loop ;)

buy low sell high. ta daaa