Bitcoin Forum

Economy => Speculation => Topic started by: somac. on October 10, 2018, 11:59:26 AM



Title: Buy low, sell high
Post by: somac. on October 10, 2018, 11:59:26 AM
'Buy low, sell high' it's an old saying that most have heard, but few follow.

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

So what if it takes 2-3 more years to get there. Everyone who bought in 2014/15 are now so fucking happy they'll need plastic surgery to remove the smiles from their faces (which they can afford I might add, hell they can drive to the surgeon in their new car). What if it drops down further you may ask, well you keep buying, because 'buy low' is the rule, not sell low.

Sure if you think Bitcoin has no future this is not good advice, but if that's you stop wasting your time on these forums and go do something else.

Take a good look at the prices back in 2013 after the Cyprus bubble. It was this bubble that confirmed to me that Bitcoin was not going away, it gave me confidence to invest what little money I had and I am grateful for it. If the recent bubble doesn't do the same for you I don't know what will.

I have recently started buying again myself, I buy a little each payday, I recommend to anyone on the sidelines who wants to start saving in Bitcoin to do it in this fashion, it's routine, emotionless way to invest.

Buy low sell high people! Age old, simple, and proven wisdom.

PS - If you did buy high and sold low already, well time to learn from you mistakes and do the opposite.


Title: Re: Buy low, sell high
Post by: YuginKadoya on October 10, 2018, 01:36:23 PM
Anyone in the community is fully aware of it, In fact, that is a thing why most people are interested in Cryptocurrency especially bitcoin, because of its volatility and fluctuation, I really think there are a few on the community that can't follow it is because of their weak hands and sometimes bad decision making, And sometimes I get to troubles many times when I think that the price will fluctuate up or down I will then make a decision to sell or buy vice versa to what's need to do, Or rather I can keep up the pace sometimes I tend to buy at a much higher price and sometimes sell on the lowest of price then fluctuations always occur to ruin my day.


Title: Re: Buy low, sell high
Post by: Ronyx on October 10, 2018, 02:18:46 PM
It is indeed a simple way to benefit from crypto, buy at a low price and sell at a high price to get a profit. And even though it's a simple way but to do it will be difficult if we don't have patience, and patience will be the power to keep holding because of unstable prices.


Title: Re: Buy low, sell high
Post by: Pursuer on October 10, 2018, 03:05:54 PM
Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

you can not call some long term investor who is buying bitcoin every now and then to store more and more of his money in bitcoin a "fool" just because YOU are focusing on the short term fluctuations. of course everyone wants to always buy the cheapest possible but that is not how real world works.

the only thing you can say is that people shouldn't sell way too late after a big price drop happened and price reached the bottom, that's all.


Title: Re: Buy low, sell high
Post by: juli50 on October 10, 2018, 04:19:52 PM
I would never sell at the current price, so that is why im holding, and I think most of us are holding too, thats why the price didnt go lower, nobody wants to sell their bitcoins for 6k usd, so dont worry, price wont go any lower, but I hope people start to buy again so the price starts to raise like it did always.


Title: Re: Buy low, sell high
Post by: finlandais on October 10, 2018, 04:51:04 PM
Yes it is one of the main strategy in all investments.In bitcoin also it is suggested that buy at low amount and sell at high amount.We should avail this opportunity and try to buy as much coins as you can at low price and sell them when price will increase in future.At present it is suggested to buy coins because the price is low.It is the best thing which one should follow in order to get profit.


Title: Re: Buy low, sell high
Post by: Quidat on October 10, 2018, 04:51:28 PM
Most of those new to trading are so careless to notice or even learn the basics of trading and all they're thinking was the hyped of the price which can cause a distress if their invested coins would suddenly dump just like what happens to bitcoin this year. It seems too slow and impossible to gain back again the $20k ATH of bitcoin.


Title: Re: Buy low, sell high
Post by: LyQaN on October 10, 2018, 05:48:20 PM
It is the basic rule of any type of investment.You should buy when the price is low and sell when the prices are high.By following this basic rule we can earn a lot of profits from our investments.


Title: Re: Buy low, sell high
Post by: Ararbermas on October 10, 2018, 05:50:17 PM
That the basic rules mate which very simple but effective way to multiply our money especially if the market growth rate is constantly growing.  But of course you must be understanding and should have more patience also 'cause not all the time you will become profitable on this market due to some causes that always occurs to manipulate the market value , but it's normal scenario , just be aware on it and don't always follow your emotions, avoid being greedy! , and always wait for the right time to sell without lost.  


Title: Re: Buy low, sell high
Post by: omonuyak on October 10, 2018, 05:50:35 PM
"Buying low and Selling high" is the cycle of this market and you should know that this apply in every other markets and investing.  If you want to makes money as a traders you should buy low and sell high. However, we find it very difficult to follow this principle in trading and that is the reason why we lost money in trading.


Title: Re: Buy low, sell high
Post by: rodalutor on October 10, 2018, 07:41:33 PM
Simplifying it to just saying that now is low and later will be high isn't going to convince people who aren't already convinced. Without real reason for saying bitcoin will increase people can easily counter and say that the price will just as easily fall and that 6k will soon be a high price rather than a low one.


Title: Re: Buy low, sell high
Post by: harizen on October 10, 2018, 08:25:19 PM

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.


Fools? Does everyone knows back then what will happened thereafter? What's their mistake (vs. emotions) is holding too much later on but buying at that level is not a mistake*. We already know what happened next that's why you came up with the idea like that.

I doubt you will really sold your coins on $19,000+ if the trend is still uptred.

I have recently started buying again myself, I buy a little each payday, I recommend to anyone on the sidelines who wants to start saving in Bitcoin to do it in this fashion, it's routine, emotionless way to invest.

And now you talked about emotion. Anyways keep up in accumulating some. :)

'Buy low, sell high' it's an old saying that most have heard, but few follow.

Because the new one is "Buy high Sell low".

There's a deep reason why people always ended up like that especially in bitcoin. You won't understand it until you are such in the situation where you hold lots of it.


Title: Re: Buy low, sell high
Post by: BitMaxz on October 10, 2018, 10:27:03 PM
Well, I think this strategy still works, buying low and sell at the higher price. However, there are some people did mistakes on selling bitcoin because they're sold the bitcoin at the wrong time. Like what happened to the other traders who bought BTC when the price is higher than 10k that I think they are still suffering from it.

They should learn from mistakes because bitcoin is not stable as usdt or USD and they should know the price history of bitcoin before they invest or buying bitcoin.

So if they could learn from the mistakes they make and they know the bitcoin price history they can easily think first before buying or selling it at the low price. Some traders and holders are following the old price movement because 2014 and 2018 has similar movement, if you can follow this, you will know what will be the next price of bitcoin this coming weeks or months.


Title: Re: Buy low, sell high
Post by: figmentofmyass on October 10, 2018, 10:46:51 PM
'Buy low, sell high' it's an old saying that most have heard, but few follow.

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

i don't think that's the smartest move either. far too much time has passed for another run at $20k to be a double top. there may be a correction there, but if we test the ATH again, we are going much higher.

sadly, bagholders usually do one of two things:

1. they sell the bottom and start calling bitcoin a scam
2. they wait out the bear market and then sell as soon as they can break even

markets like to punish people. c'est la vie! :D

So what if it takes 2-3 more years to get there. Everyone who bought in 2014/15 are now so fucking happy they'll need plastic surgery to remove the smiles from their faces

not for those who sold at the previous ATH ($1100s-$1200s).....which is why you shouldn't be selling in the $19000s either!


Title: Re: Buy low, sell high
Post by: BitHodler on October 11, 2018, 12:47:44 AM
which is why you shouldn't be selling in the $19000s either!
It depends on the event and the time frame. It was clear that the futures markets were the driving force behind the bull run of last year, and it's just as clear that traders like to sell news when possible, and it happened.

Another thing, which mainly applies to Bitcoin, is that it tends to correct significantly at the start of each new year. That was again a signal that people should have cashed out their profits.

Don't know how relevant tax sales really are when it comes to the crypto market in general, but that's potentially another aspect to focus on. It's sell signal on top of another signal on top of another signal.


Title: Re: Buy low, sell high
Post by: Ucy on October 11, 2018, 07:24:34 PM
Watch it bro. We ask people to buy and they buy, now you  call them fools? What makes you think they will buy again(even at its lowest) after this insult? If Bitcoin had continued to move up from the 20,000 they bought you would probably call them smart.
Nobody is certain where the price will move to next. We are all fools in this case as far as trading and holding Crypto is concerned 


Title: Re: Buy low, sell high
Post by: figmentofmyass on October 11, 2018, 10:25:02 PM
which is why you shouldn't be selling in the $19000s either!
It depends on the event and the time frame. It was clear that the futures markets were the driving force behind the bull run of last year, and it's just as clear that traders like to sell news when possible, and it happened.

you're talking about the context of a blow off top after a bubble. that's completely different than hodling now just to sell $19k in the next bubble in a year or three. that's what the discussion was about.

i have to say, i disagree that futures were "the driving force behind the bull run of last year". the altcoin market was bubbling long before bitcoin futures were on the table. if anything, it was the fundamental uncertainty about segwit activation being resolved that catalyzed the underlying bullishness of the BTC market in august.


Title: Re: Buy low, sell high
Post by: Safah on October 13, 2018, 09:34:44 AM
It's not easy to do it all requires analysis, don't get us wrong. when the price goes down, we have to know why this is not done immediately. cryptocurrency is prone to price fluctuations


Title: Re: Buy low, sell high
Post by: LFC_Bitcoin on October 13, 2018, 11:24:43 AM
Anybody who is currently at a loss shouldn’t panic. We’ve all been HODLING our bitcoin’s when they’re worth less than what we paid for them, at some point.

What you need to do in the above scenario is stay calm & be patient. It’s pretty simple just HODL for at least a couple of years & everything will be ok. Bitcoin seems to go in cycles, we’ll enter another bull market at some state & no doubt you’ll then be sitting on great profits.

Simple - based on past performance any way.


Title: Re: Buy low, sell high
Post by: oseikuf44 on October 13, 2018, 11:40:40 AM
Every trader in crypto is aware of buy low and sell high to make profit but following the rules is the big problem. Timings and patience are the setbacks that hinder traders for waiting for price to rise high to sell. As you put it, even if takes three years for you reach your target profit is far better than selling low out of panic in just a month or two.


Title: Re: Buy low, sell high
Post by: 1Referee on October 13, 2018, 12:29:55 PM
It’s pretty simple just HODL for at least a couple of years & everything will be ok. Bitcoin seems to go in cycles, we’ll enter another bull market at some state & no doubt you’ll then be sitting on great profits.

It's simple if you know how the market works here, which doesn't apply to most of the people who entered last year during a market that just didn't want to stop going up.

People borrowed money, sold their car, sold grandma's jewelry, sold their dog, etc. All in the hope of becoming rich because their assumption legit was that Bitcoin would reach $50,000-$100,000 before the end of 2018. Even long term perma bulls believed that. How can you convince these people that everything will be all right while the price keeps going down?

They don't understand what Bitcoin is and for that reason don't know why it has value in the first place. Even some of the more senior members here think there is a possibility that Bitcoin could become worthless overnight. The only way for these people to calm down is to have the price increase to $20,000 next week, but that ain't happening.


Title: Re: Buy low, sell high
Post by: katiecbell on October 13, 2018, 01:00:32 PM
It is an old saying that most people have gullibly listened to or seen and they think that is all that is entailed when it comes to trading a market. However, what most people do not understand is that, it is one thing to buy low and sell high and it is another thing to know when you should be properly buying low and when you should possibly be selling at all.

As long as you cannot familiarize yourself with those things as an investor or a trader, it would be hard not to end up picking a falling knife when buying low sometimes, and then it would be hard to not get greedy and not even know when you should be selling.


Title: Re: Buy low, sell high
Post by: usekevin on October 13, 2018, 06:39:51 PM
You had shared some valid points.To get some dollar as profit in current situation,you have to follow the basic principle of trading.The basic principle of trading is buy at low price and sell at high price.If the price is seems to be reduced,hold till the value of bitcoin reaches lowest price.If so don't hesitate to buy maximum as much you can with the holding money.It will gives you double or triple of Investment.


Title: Re: Buy low, sell high
Post by: feelivent on October 14, 2018, 07:29:28 AM
'Buy low, sell high' it's an old saying that most have heard, but few follow.

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

i don't think that's the smartest move either. far too much time has passed for another run at $20k to be a double top. there may be a correction there, but if we test the ATH again, we are going much higher.

sadly, bagholders usually do one of two things:

1. they sell the bottom and start calling bitcoin a scam
2. they wait out the bear market and then sell as soon as they can break even

markets like to punish people. c'est la vie! :D

So what if it takes 2-3 more years to get there. Everyone who bought in 2014/15 are now so fucking happy they'll need plastic surgery to remove the smiles from their faces

not for those who sold at the previous ATH ($1100s-$1200s).....which is why you shouldn't be selling in the $19000s either!
Everyone wants to do this but the conditions of the market don’t allow investors to buy on low price and sell on high price. Traders are also thinking about holding their coins for long because the current situation is not giving them any profit and decisions in hurry will take their investment. They are careful about their decision to buy or sell. The market is not easy these days.


Title: Re: Buy low, sell high
Post by: xfaqs01 on October 14, 2018, 11:10:25 AM
an age old strategy and very simple yet most of the trader even i messed with this and doing the other way around, i just realize how hard to earn in trading is because what you think of price doesnt work the way it is, reason why 90% of traders fail


Title: Re: Buy low, sell high
Post by: aqila baruroh on October 14, 2018, 03:25:05 PM
this method cannot be applied to current market conditions, to do that must make long-term investments. Today many investors buy when prices fall and sell when prices rise, this is done to get a little profit.


Title: Re: Buy low, sell high
Post by: KorakPawon on October 14, 2018, 03:51:13 PM
I guess people realize and aware about it, buy low and sell high is people's expectation, especially for them who invest in a big number. They must be want to get profit and don't want to lose any of thing. But, you have to remember, ups-downs always there, happen inn unpredictable time and no one can guess when the price going up or down. One more thing, patience is an important thing in here. If you have no patience, you will be hard to accept the risk that caused by your choice.


Title: Re: Buy low, sell high
Post by: DeadCoin on October 14, 2018, 04:32:02 PM
Buy low and sell high this is the market strategy, always buy at low price when the market is down. And hold the coins for long time till the market returns. Once the market recovers, just sell them off keeping your own threshold on profits. Current market is so opt to buy as many coins as you can with cheap price. Go for it.


Title: Re: Buy low, sell high
Post by: maarx on October 14, 2018, 05:09:30 PM
This is the basic formula, every trader follows and yes every new trader is advised to follow this as well. The current situation is so opt to practice formula. Yes invest as much as you can and buy many coins. I would advice you to split your investment and select the best potential coins from coinmarketcap.com. Filter out the coins you find much potential based on the level of investment you have at hand. Choose minimum 5 coins. Let them be bit cheaper with good growth trend in the past. Set a minimum threshold and this threshold should be very less. This strategy will yield you a good profit even when the market growth is bit lower.


Title: Re: Buy low, sell high
Post by: pixie85 on October 14, 2018, 05:26:36 PM
There's always another option. But low and sell high, if you happen to buy high by mistake, hodl! If you sell low, buy back lower! :D
The problem with this nice piece of advice is that you never know if you're low or high. Bitcoin at 6000 could be low, but it also could be high. Selling at 10000 could be high, but it also could be the new higher low.


Title: Re: Buy low, sell high
Post by: BitHodler on October 14, 2018, 05:38:05 PM
The problem with this nice piece of advice is that you never know if you're low or high. Bitcoin at 6000 could be low, but it also could be high. Selling at 10000 could be high, but it also could be the new higher low.
That's why the best way to counter the uncertainty of not knowing if the price is under or overvalued, is to simply dollar cost average your entry points. I haven't done anything else in the last years.

It's impossible to find out the right moments to enter, because today's "low" price might turn out to be tomorrow's peak that people wish they would have sold. This market has no mercy for its participants.

People quite often go wrong because they assume crypto is cheap when it has gone down with 50% in a matter of months, but don't understand that it can go down even 90% in some cases.

XRP as one of the largest coins went through a +90% correction from top to bottom.


Title: Re: Buy low, sell high
Post by: Capt00 on October 14, 2018, 05:47:16 PM
Well, OP was right the old saying will effective to do an action. Buy low and sell high, I also doing what OP's said, if payday comes I always set aside a little amount to invest in bitcoin which is most I trust in all cryptocurrencies. Buying at a low cost is a good decision and surely you have a huge profit after how many months or it takes a year. Hopefully, it will happen that the price will increase.


Title: Re: Buy low, sell high
Post by: coolcoinz on October 14, 2018, 06:40:25 PM
People quite often go wrong because they assume crypto is cheap when it has gone down with 50% in a matter of months, but don't understand that it can go down even 90% in some cases.

XRP as one of the largest coins went through a +90% correction from top to bottom.

Because XRP is an pumped bubble with no use cases. They were promising to be a link between cryptocurrency and financial institutions but made very little to really become one. People are pumping XRP because it's cheap and it's an old coin, accepted on most exchanges. But is anyone using it to really transact? People are only looking for a go to coin when Bitcoin is plummeting and that coin used to be ETH but this year ETH is not doing so good fundamentally so there's always cheap XRP.
I'm ready to bet that Bitcoin will not experience a 90% correction this time.


Title: Re: Buy low, sell high
Post by: BitHodler on October 14, 2018, 06:57:25 PM
Because XRP is an pumped bubble with no use cases. They were promising to be a link between cryptocurrency and financial institutions but made very little to really become one. People are pumping XRP because it's cheap and it's an old coin, accepted on most exchanges. But is anyone using it to really transact? People are only looking for a go to coin when Bitcoin is plummeting and that coin used to be ETH but this year ETH is not doing so good fundamentally so there's always cheap XRP.
I'm ready to bet that Bitcoin will not experience a 90% correction this time.
Any coin can potentially go through that significant of a correction, and while it may not be likely that it happens to Bitcoin as well, the possibility is still there. What's Bitcoin being used for? What prevents it from correcting 90%?

Bitcoin last year peaked at $19,500 from where a 90% correction would mean a bottom of $1950. Is it really that unlikely? Back in 2017 the price dipped slightly below the $800 mark and pumped straight to $19,500.

I'm not saying it's going to happen, I don't even expect it to happen, but I'm not discarding it either. We have to remain realistic here, there isn't much other than speculation to hold on to. Use is negligible at this point in time.


Title: Re: Buy low, sell high
Post by: r34tr783tr78 on October 14, 2018, 07:27:30 PM
Buying low and selling high can be a risky strategy because you will have a hard time identifying when low is really low. It can always go lower. Buying low means buying on a bearish trend. Buying high and selling higher can be a better strategy. Means you are buying a hot asset that is on a bullish trend and is much more likely to go higher than lower.


Title: Re: Buy low, sell high
Post by: cintamoni on October 15, 2018, 08:37:55 AM
'Buy low, sell high' it's an old saying that most have heard, but few follow.

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

So what if it takes 2-3 more years to get there. Everyone who bought in 2014/15 are now so fucking happy they'll need plastic surgery to remove the smiles from their faces (which they can afford I might add, hell they can drive to the surgeon in their new car). What if it drops down further you may ask, well you keep buying, because 'buy low' is the rule, not sell low.

Sure if you think Bitcoin has no future this is not good advice, but if that's you stop wasting your time on these forums and go do something else.

Take a good look at the prices back in 2013 after the Cyprus bubble. It was this bubble that confirmed to me that Bitcoin was not going away, it gave me confidence to invest what little money I had and I am grateful for it. If the recent bubble doesn't do the same for you I don't know what will.

I have recently started buying again myself, I buy a little each payday, I recommend to anyone on the sidelines who wants to start saving in Bitcoin to do it in this fashion, it's routine, emotionless way to invest.

Buy low sell high people! Age old, simple, and proven wisdom.

PS - If you did buy high and sold low already, well time to learn from you mistakes and do the opposite.
You're right those people who buy the bitcoin in December are really disappointing i am sure they have already sell there coin and not care about the rule "buy low and sell high". They should wait for some times or maybe years.


Title: Re: Buy low, sell high
Post by: Altcoins enthusiast on October 15, 2018, 09:51:41 AM
Buy low sell high has been reason why the market move around and I think we should follow that principle in trading if we want to succeed. 


Title: Re: Buy low, sell high
Post by: xfaqs01 on October 15, 2018, 09:57:54 AM
Buy low sell high has been reason why the market move around and I think we should follow that principle in trading if we want to succeed. 

yeah simple it is but very hard to follow that is why 90% of trader fail according to survey, why because there is no exact low and exact highs in the market if you bought at a certain price then the whale will lower the price so then your low bicomes high to them hahah


Title: Re: Buy low, sell high
Post by: iamMhew on October 15, 2018, 10:14:51 AM
last year, before i started to buy bitcoin, i knew the basic in trading that buy low sell high, but after the ATH of bitcoin last year, it is hard for me to buy bitcoin, so i go to altcoins that is stating to mooning like bitcoin, but after the ATH of bitcoin and it started to drop down, my portfolio also started to cut into small, then days, weeks and months passed by, there is no progress in the market just all of them are in the dip. i am trying to be calm because my assets are losing, until now even you try to use "buy low sell high" it is not profitable. because some of them are already low and getting more lower.


Title: Re: Buy low, sell high
Post by: ginellis on October 15, 2018, 10:18:35 AM
which is why you shouldn't be selling in the $19000s either!
It depends on the event and the time frame. It was clear that the futures markets were the driving force behind the bull run of last year, and it's just as clear that traders like to sell news when possible, and it happened.

Another thing, which mainly applies to Bitcoin, is that it tends to correct significantly at the start of each new year. That was again a signal that people should have cashed out their profits.

Don't know how relevant tax sales really are when it comes to the crypto market in general, but that's potentially another aspect to focus on. It's sell signal on top of another signal on top of another signal.
There is a lot of difference between the current situation of the market and the previous one. Bull run is not possible without any investment. Many of the holders want to sell their coins but there are no buyers in the market. In this situation we can easily understand that if there is any bull run in the market it would be temporary and will return afterwards.


Title: Re: Buy low, sell high
Post by: coolcoinz on October 15, 2018, 03:52:56 PM
Because XRP is an pumped bubble with no use cases. They were promising to be a link between cryptocurrency and financial institutions but made very little to really become one. People are pumping XRP because it's cheap and it's an old coin, accepted on most exchanges. But is anyone using it to really transact? People are only looking for a go to coin when Bitcoin is plummeting and that coin used to be ETH but this year ETH is not doing so good fundamentally so there's always cheap XRP.
I'm ready to bet that Bitcoin will not experience a 90% correction this time.
Any coin can potentially go through that significant of a correction, and while it may not be likely that it happens to Bitcoin as well, the possibility is still there. What's Bitcoin being used for? What prevents it from correcting 90%?

Aren't there use cases for Bitcoin?
Online stores are accepting it. You can go shopping in Japan and Korea without problems. You have Bitcoin ATMs all around the world. Mining equipment is being sold for Bitcoin. There are car dealerships that accept it, like that Lamborghini dealership in the US and BMW in the UK. There are online marketplaces where you can sell your goods for Bitcoin like bitify.com and openbazaar.org. You have overstock, newegg, gyft, which basically allow you to buy anything you want through gift cards. You can add funds your amazon account with BTC. Is that enough of use cases for you?
Now it's your turn. What is XRP used for?

Bitcoin last year peaked at $19,500 from where a 90% correction would mean a bottom of $1950. Is it really that unlikely?
Yes it is very unlikely because many of the use cases listed above did not exist when Bitcoin was trading below $1000. There was a huge wave of retail adoption in 2017. Are you unaware of that?

Back in 2017 the price dipped slightly below the $800 mark and pumped straight to $19,500.

I'm not saying it's going to happen, I don't even expect it to happen, but I'm not discarding it either. We have to remain realistic here, there isn't much other than speculation to hold on to. Use is negligible at this point in time.

It's still greater than it was in the middle of 2017 when the price was $3000. If we could be be steady $3000 for months before we went into a bubble stage ($5000 and above), why would we dip below now, when the popularity of Bitcoin is much higher?


Title: Re: Buy low, sell high
Post by: tegacoll86 on October 16, 2018, 07:36:14 AM
'Buy low, sell high' it's an old saying that most have heard, but few follow.

Well everyone, now is the time that you can buy low. Don't be like all the fools who bought high in December, and no doubt have now sold low. Buy now and don't start selling till it's at the $19k highs.

So what if it takes 2-3 more years to get there. Everyone who bought in 2014/15 are now so fucking happy they'll need plastic surgery to remove the smiles from their faces (which they can afford I might add, hell they can drive to the surgeon in their new car). What if it drops down further you may ask, well you keep buying, because 'buy low' is the rule, not sell low.

Sure if you think Bitcoin has no future this is not good advice, but if that's you stop wasting your time on these forums and go do something else.

Take a good look at the prices back in 2013 after the Cyprus bubble. It was this bubble that confirmed to me that Bitcoin was not going away, it gave me confidence to invest what little money I had and I am grateful for it. If the recent bubble doesn't do the same for you I don't know what will.

I have recently started buying again myself, I buy a little each payday, I recommend to anyone on the sidelines who wants to start saving in Bitcoin to do it in this fashion, it's routine, emotionless way to invest.

Buy low sell high people! Age old, simple, and proven wisdom.

PS - If you did buy high and sold low already, well time to learn from you mistakes and do the opposite.
Bitcoin is decreasing but its not fully dead. You can't lose your money until you sell it.Whenever the price drop always invest because bitcoin gives you some chances to make extra profit.


Title: Re: Buy low, sell high
Post by: Kiweikoo on October 16, 2018, 08:23:56 AM
Watch it bro. We ask people to buy and they buy, now you  call them fools? What makes you think they will buy again(even at its lowest) after this insult? If Bitcoin had continued to move up from the 20,000 they bought you would probably call them smart.
Nobody is certain where the price will move to next. We are all fools in this case as far as trading and holding Crypto is concerned 
Whatever the insult you want to rain on smart investors, as long as they know what they are doing, it really does not count actually. Like you said, no one is certain what the future holds, and where the price will move to next, but the thing when it comes to a market actually is to always look for the dips when the market has bottomed enough, look for projects you can trust, buy into them and then in that way you will be able to enjoy some beneficial profit when the market recovers.

Nonetheless, everything depends on each person's knowledge and the strategy they have to play the market to their advantage which only smart people have anyway.


Title: Re: Buy low, sell high
Post by: eaglewhite80 on October 16, 2018, 12:47:57 PM
last year, before i started to buy bitcoin, i knew the basic in trading that buy low sell high, but after the ATH of bitcoin last year, it is hard for me to buy bitcoin, so i go to altcoins that is stating to mooning like bitcoin, but after the ATH of bitcoin and it started to drop down, my portfolio also started to cut into small, then days, weeks and months passed by, there is no progress in the market just all of them are in the dip. i am trying to be calm because my assets are losing, until now even you try to use "buy low sell high" it is not profitable. because some of them are already low and getting more lower.
It is possible you did not actually take your time to learn and that would have only been the reason for you flopping. For you not to have made something from the altcoins you bought late last year / early this year, then it is possible you picked them from the top.

A lot of people tend to rush into trading, hoping things would just easily be working out for them without even having a plan, which is why the whole idea of buying low and selling high is not just the thing but knowing when and where you should be doing so based on your strategy is what actually counts.


Title: Re: Buy low, sell high
Post by: wozzek23 on October 17, 2018, 10:08:27 AM
last year, before i started to buy bitcoin, i knew the basic in trading that buy low sell high, but after the ATH of bitcoin last year, it is hard for me to buy bitcoin, so i go to altcoins that is stating to mooning like bitcoin, but after the ATH of bitcoin and it started to drop down, my portfolio also started to cut into small, then days, weeks and months passed by, there is no progress in the market just all of them are in the dip. i am trying to be calm because my assets are losing, until now even you try to use "buy low sell high" it is not profitable. because some of them are already low and getting more lower.
Actually, I would not say you really learned the perks of trading pretty much because before bitcoin even decided to start moving downwards, it consolidated for a while, and that brought about a comeback for the altcoins which I believe if you actually did sell high you should have been able to increase your bitcoin stash.

It is one thing to buy low and it is another thing to know when to sell high which a lot of people out of greed tend to eventually miss those highs at the end of it all. However, you have another chance to buy low now, to make up or possibly just wait for another come back. it is market, it would always happen


Title: Re: Buy low, sell high
Post by: sana54210 on October 17, 2018, 11:47:26 AM
which is why you shouldn't be selling in the $19000s either!
It depends on the event and the time frame. It was clear that the futures markets were the driving force behind the bull run of last year, and it's just as clear that traders like to sell news when possible, and it happened.

Another thing, which mainly applies to Bitcoin, is that it tends to correct significantly at the start of each new year. That was again a signal that people should have cashed out their profits.

Don't know how relevant tax sales really are when it comes to the crypto market in general, but that's potentially another aspect to focus on. It's sell signal on top of another signal on top of another signal.
There is a lot of difference between the current situation of the market and the previous one. Bull run is not possible without any investment. Many of the holders want to sell their coins but there are no buyers in the market. In this situation we can easily understand that if there is any bull run in the market it would be temporary and will return afterwards.
There are actually buyers in the market and some of them are just waiting for the right time to get in but the funniest part is that a lot of them usually end up joining FOMO at the end anyway and that is one pretty much bad thing to ever want to do.

What is important is that when a market in a long correction like we have had this year, the best thing is to at least, try as much as possible to get in proper to increase your holding within this period and be patient and less greedy enough to wait and then sell when others are busy rushing into the market and getting greedy all in the hope of getting rich overnight.


Title: Re: Buy low, sell high
Post by: SwaVeR on October 17, 2018, 12:07:56 PM
Because XRP is an pumped bubble with no use cases. They were promising to be a link between cryptocurrency and financial institutions but made very little to really become one. People are pumping XRP because it's cheap and it's an old coin, accepted on most exchanges. But is anyone using it to really transact? People are only looking for a go to coin when Bitcoin is plummeting and that coin used to be ETH but this year ETH is not doing so good fundamentally so there's always cheap XRP.
I'm ready to bet that Bitcoin will not experience a 90% correction this time.
Any coin can potentially go through that significant of a correction, and while it may not be likely that it happens to Bitcoin as well, the possibility is still there. What's Bitcoin being used for? What prevents it from correcting 90%?

Aren't there use cases for Bitcoin?
Online stores are accepting it. You can go shopping in Japan and Korea without problems. You have Bitcoin ATMs all around the world. Mining equipment is being sold for Bitcoin. There are car dealerships that accept it, like that Lamborghini dealership in the US and BMW in the UK. There are online marketplaces where you can sell your goods for Bitcoin like bitify.com and openbazaar.org. You have overstock, newegg, gyft, which basically allow you to buy anything you want through gift cards. You can add funds your amazon account with BTC. Is that enough of use cases for you?
Now it's your turn. What is XRP used for?

Bitcoin last year peaked at $19,500 from where a 90% correction would mean a bottom of $1950. Is it really that unlikely?
Yes it is very unlikely because many of the use cases listed above did not exist when Bitcoin was trading below $1000. There was a huge wave of retail adoption in 2017. Are you unaware of that?

Back in 2017 the price dipped slightly below the $800 mark and pumped straight to $19,500.

I'm not saying it's going to happen, I don't even expect it to happen, but I'm not discarding it either. We have to remain realistic here, there isn't much other than speculation to hold on to. Use is negligible at this point in time.

It's still greater than it was in the middle of 2017 when the price was $3000. If we could be be steady $3000 for months before we went into a bubble stage ($5000 and above), why would we dip below now, when the popularity of Bitcoin is much higher?
XRP is fast growing coin in the world and the best thing is this price is also very low. You can buy lot of SRP with low investment instead put all your money in bitcoin and even not able to buy one bitcoin. There is no doubt that bitcoin is acceptable worldwide and we have bitcoin ATMs in many countries and bitcoin will be the mainstream in the future but SRP is good for making money in the future.


Title: Re: Buy low, sell high
Post by: zazarb on October 18, 2018, 10:07:00 AM
Buy low sell high has been reason why the market move around and I think we should follow that principle in trading if we want to succeed. 

yeah simple it is but very hard to follow that is why 90% of trader fail according to survey, why because there is no exact low and exact highs in the market if you bought at a certain price then the whale will lower the price so then your low bicomes high to them hahah


And this is due to the fact that the market is unpredictable, there are many experts who predict different Bitcoin price movements, but all those predictions are usually false, That's why, in practice, everything is not like the theory.