Bitcoin Forum

Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.


Thank you.

You buy when the price is low and you sell when the price is high. The question remains how high or how low are you going to go? That decision is based on previous price charts.

If the price was lingering at a low and then suddenly dropped you would want to wait to see the low and buy just as it seems to recover. This is the tough part of the decision but that difficulty can be covered by buying at different levels in equal amount.

By no means so I expect a newbie to do this effectively on their first day. But watch the market and read the charts, do some dummy trading.

The easiest factor is to avoid low volume altcoins/tokens. You don't want to get stuck with those projects because you're not assured if there will be a sudden volume up with such projects.

There's also a tendency that the whales of those projects can manipulate it easy and the devs of it might just rug pull into it so be mindful on it.

And mostly, the simplest but needs initiative - DYOR. As in do anything to know more about the project you want to invest or have caught your interest.

Learn indicators. You can use daily and weekly candles for more accurate result for swing trading, but also know that indicators can fail.

You can also get some analytic data from sites like glassnode to know exchange inflow and outflow etc. Follow reputable people on Twitter and read news for fundamental analyses.

Use the amount of money you can afford.

If it is day trading, be more careful and use low amount of money. Indicators can help, you need strategies and also trading money management learning.

I just watched a Youtube video a few weeks ago regarding technical indicators that might help you with your trading journey.

On that video, he shared some of the technical indicators that might help you in your decision. 200 Exponential Moving Average, the MACD and the RSI. These are the indicators that he shared. I tried it and trade with only 10$ in Futures trading. Just a few hours ago, I have 90$ until my last trade where Bitcoin dropped massively and luckily I made a stop loss, but I lost 25$ with that mistake of mine. Now my 10$ is now worth 65$.

I'm not saying that the video I watched will also work for you, but that's what works for me.

As others say, but when the market is in red, meaning they are down because the price is so cheap. But as to time the market, it's very difficult, you might have to learn TA (technical analysis), and see which indicators are pointing to a buying option, or selling option.

So there is no trick in the books, as for looking at the volumes, let's say a buy order, it could be misleading as well. There are whales that can influence it, like pushing for a large sell/bull order, they could have been just wanted to manipulate the price.

A common knowledge which is buy low and sell high will work for newbie because that’s how trading work. The only problem was newbie tends to mixed emotion when they are trading which always result to the opposite buy high sell low. There’s no trick on when to buy or sell. You just need to established your trading goal such as what profit is your target to sell and at what price you are willing to buy because the rest is just waiting on trading in able to earn.

Just buy and hold. Never daytrade if you are a newbie because you will just messed up on trade since you will chased all possible small profit on trading.

Indeed, in trading emotions we have to control not to let emotions control us,
when that happens then the output is we make the wrong decision,
it's not easy, of course, and it takes a process for newbies, the most important thing is to keep trying their best.

It's a bit hard in crypto for just looking at the volume and the chart to make a profit, it is important to thoroughly research and understand the market trends and the specific cryptocurrency you want to invest in.
Also don't forget setting stop losses can help you limit potential losses by automatically selling if the price drops below a certain level.
last, be patient with your trades, crypto prices can be highly volatile, so it's important to have patience and not make impulsive decisions based on short-term price fluctuations.

Just following one project for months and then identifying its dips could be one of the working approach to figure out when to buy and what to buy. Most the losses I faced were due to ad-hoc decisions I made by got hyped by their marketing things. For example, I bought Tron when it was trading above 800 satoshi some few years back but I never able to sell it in profits even after years of holding. But the good thing is, I am able to stake it but prices wise I was misguided.

I checked few things and then decided to invest with tron. That time, they announced about FTT giveaway for tron holders on monthly basis. Now I feel I should not have invested because I have followed BNB when it was trading below 0.0015 BTC and if I have bought them then I might have got at least 10x profits by this time.

Regarding the decision when to sell and buy there are many factors that will influence such as market analysis, trends, economic news, and personal trading strategies. Many traders use technical or fundamental analysis to help determine when to buy or sell, as well as place stop losses and profit targets to limit risk. However, trading carries a high level of risk and there is always the possibility of losing, so it is very important to understand the market and have good risk management before entering a trade.
If you are not ready with trading knowledge, then don't trade, it will only make you like gambling because you are just guessing without any knowledge.

This is the way I applied when buying/trading coins and I hope this could help you.
 - volume trade
 - exchanges (must be trusted)
 - time of accumulation or buying (low price)

And it is very important that you know how to analyze the trend of that particular coin before buying like checking on the previous day's performance. You can't just buy a coin because it drops today but some possibilities that it was till high compared to the past days. This is also a think to consider.

Sorry, there's really no shortcut to it. I know there are users who are going to tell you to buy low and sell high. That's a generic suggestion anyone can make. Regrettably, none can pinpoint where that low or high is. Those who even give that type of suggestion are likely to be among those who are often caught unawares and they end up selling low or buying high which is against what they preach. To the best of my perspicacity, I don't believe there are actually overbought or oversold situations. At least, not while the market is still active. We only get to find out such a situation on hindsight and not while price is active around that region.

There's no trick and tips on when to buy and when to sell or making yourself as a bottom or peak catcher which is really not something you could pull off easily specially on dealing with this unpredictable market.

There's no way that we could really be able to point out and determine on what are those good points to make such buying and selling decisions.This is the time on where expertise and experience would really differ

to each other.We are seeing different kind of analysis and speculations made out of those charting and reading up indicators this is why you should really be needing to familiarize yourself
into these things.

when you are going to buy, of course, you have to wait for the price to drop, and when you are going to sell, you have to when the price is high. but actually in this case it sounds easy but just right on the run
It's quite difficult because the graphs of trading are very difficult to predict, because sometimes when you want to buy at a falling price, at that time the price doesn't decrease that much, instead the price immediately rises higher and higher, so if you look at the market, it's not surprising to see so many people who buy when prices are high.

and according to my experience the most important thing is to be patient waiting for the price to drop.

I think this is indeed a fundamental question that must be known in advance to enter the world of trading. indeed everyone may have a different view on doing this, some believe more in indicators, some prefer to determine areas of support and resistance, or combine the two. from there we can choose which method to use, and certainly there is no perfect strategy, so we have to take risks, therefore the most important thing is that we have to be able to manage risks, because not all transactions will end in profit in trading, let alone trading short-term

Buy low sell high. That's the basics of trading. You don't need to push yourself to sell at the highest price or buy at the lowest price possible, that's just too risky so if you think that the profit gain you have is at a comfortable range, then sell. If you think that the price wouldn't bottom out anymore (or even if it did, you wouldn't lose out much), then buy. There are a bunch of methods you can use to see if the market is approaching sell/buy range, but ultimately it still depends on you whether you should.

Just don't buy on greens, and sell on reds as much as possible.

It is always better to ask questions than to make some sort of irreversible mistake, and even if there are in fact some tips which could be given to you I recommend that you do not use them, trading is hard enough even when you know exactly what you are doing, trading by relying on incomplete knowledge is very dangerous, and this is because the moment the market does not do what you expect, and this happens all the time, you are left not knowing what to do at such a critical time, and as you may deduce that is when massive losses are made by traders which lack experience and knowledge.

There are tips and tricks you can use by learning technical analysis (ta) there are countless free courses in youtube. But don't fall for flashy influencers who will swear on their 100% working ta and promise of  profits. TA is about statistics and probabilities. It's not a magic trick and there's lot to learn. Try to learn more then one indicators and ways to do it, there are no shortcuts.

This is old but still one of the best and very comprehensive free course for techninical analysis:

https://www.youtube.com/watch?v=4lc8788xU7Y&list=PL33D0C18CDEBF64B7

Just buy when the price is too low. But when it's going to sell, just sell when you get enough return. Don't let your greed to take decisions. Jbecause holding for bigger profits mostly give your bigger losses.

Hello all,
Thank you so much for all replies.
I have three questions:
1- Can anyone point me to a YouTube video that teaches trading for newbie?
2- When the Volume is green and up, then does this mean now is the time to buy? I think this means that many people are buying and the price will probably increase. Am I right?
3- How can I see the buying and selling queue?

Easy to say but difficult to do. This is the most common explanation when you are trading and it seems very easy to do for some people who are thinking.
"Buy low, sell high".
But if you now in the action, question is, when, how and what "low" you are considering and "high" because behind that, there are some analysis you need to do, like technical analysis which involved some chart patterns, candlesticks, etc.

Rather than looking "when to buy or sell" why not just?

- Spread how the management money you're gonna to use, never entering with a single price try to divided.
- Always on the bearish, not bullish.
- Then, for the exit (keep your mindset, no matter how much the coin is on-going always grateful exit with profit rather than losing).

Most of people is always want to gain more profit, and because of that the situation is reversed he become losing. A great win from trader is always exit with profit not by how much money you're made.

every investor or trader has their own strategy before making a purchase and I will provide some insight into this, but not financial advice.

first you have to determine which coin you are going to buy (better choose top 25 coinmarketcap) use the money you can afford to lose.
after that you just have to convince yourself to look at the highs and lows over several periods. if you think that has convinced you, you only need to buy and hold it until the price really reaches ATH.

it's actually quite easy to know when to buy when you've chosen the right coin eg bitcoin. bitcoin went from $60k down to $23k now, that is a lot cheaper than last year's bull season. so I suggest to choose the right coin for you to buy.
and from the statement above, I give a statement for the long term.

Actually, trading refers only to buying low and selling high, and by that you don't need a complex knowledge but only just a simple common sense. As long you monitor the price of the coin, you will know if it's dropping or not. When the price is in colour red, it also shows that it drop. That was the time you will buy and the opposite of that would be to sell.

It was the pro trading scene is the one that requires complex knowledge because it involves trading indicators, chartings, and others but you don't need to rush yourself about it. Just take things slowly so that you will grasp things effectively and eliminate big losses. Lastly, don't say that your question is not a good question. It's understandable because you are still a newbie.

My advice is always to keep an eye on the market; if the market is experiencing a correction, it might be a good time to buy. Of course, before you decide to buy, it is better to analyze the market situation to know when you can enter the market and start buying. It may take practice to know when to buy and sell and believe me, the more you practice, your analytical skills will improve and it will be useful for you to tell when to buy and sell.

Dude, come on, you can search this yourself. Not just videos but articles might be there on the internet too. Specifically search the ones for the exchange that you commonly use.

Volume green and going up means there is a buying pressure. It does not mean a time for buying, it indicates that buying is happening. Now you would not want to buy at the top of the cycle because you would lose money when the price goes down. The ideal buying time is when people are selling and market is in deep red zone. Because selling from that buy price at the bull market would yield maximum difference in (sell-buy) = profit

Orderbook queues are available to see on the exchanges. Check the one you are using.

if we carry out fundamental analysis and technical analysis carefully enough, we will be able to find where the good points are to buy and where are the good points to sell. following the hype i.e. entering when the hype has just started or before the hype occurs i.e. when we see positive news about a project then that's when the hype will start soon. then buying when it is good enough. although still at great risk. and sales are best when the hype is almost at its peak. don't wait for the peak of the hype but selling before the hype reaches the peak is safer. But when it comes to support and resistance points. so if we trade in the short term then buying when a support fails to be broken is a pretty good thing. and selling when the resistance point fails to be penetrated is what I usually do in trading the scalping method. DYOR.

What is ideal is to buy during bearish trend and sell during bullish trend but it won't be as easy as it may sound. Sometimes emotion nd greed would take place. There'll be times you'd hesitate to buy because you'd be wanting to invest on a lower mrket price. And when increase take place, you'd more wait for its downfall. And once correction occur you'd wait for pump. Bottomline is to move once you are ready. If you'd always hesitate do not expect for a bright outcome. Likewise with selling wherein you'd idealize a higher market price but will end up holding because peak have passed already. Keep in mind the profit is profit mindset. The aim is to just earn profit not to be greedy of a biggest in comparison to mahority of investors you know.

It’s a common answer you know that buy in low price and sell in high price, but you need to research about market condition then you can decide when you should entry then you will go to sell if will get enough profit, i don’t think anyone can provide you 100% profit tricks, it’s depend on your market analysis/strategies.   

The best tip that I got from someone was "make sure that people think its about to go up during a bear run", because if its on a bear run, and people think that bear run is about to be over, there isa  good chance it could go down even more.

There was also the one about leverage that said, if you do not have x10 more money to lose than the bet you are about to make, don't do it. If you have 1000 dollars, you do not make a leverage position for 800, you do it max 100 dollars, or even less if possible. That way you are never too much in trouble, it would be bad if you lose of course, but you will be fine in the long run and could recover from such a loss.

Everyone will recommend their favorite and understandable for them tool, but it will not help you, because you do not have that vision, which the one who recommended you what to pay attention to when opening deals has. It's very simple, there is no universal solution to what to pay attention to in trading. You have to determine for yourself what you understand best in trading and try to develop this tool. Without your own skills and understanding you will only lose money, even if you use tools that others can make money with.

The decision to buy or sell cryptocurrency is largely based on market conditions and personal financial goals.
Here are a few factors to consider:

Buy:

When the price is low and expected to rise in the future
When you have a long-term investment horizon
When the technology or use case of the cryptocurrency has strong fundamentals and growth potential
Sell:

When the price is high and expected to fall in the future
When you need to liquidate your assets for personal financial reasons
When you have made a substantial profit and want to lock in your gains
It's important to keep in mind that cryptocurrency markets are highly volatile and can be unpredictable, so it's important to conduct thorough research and consult with a financial advisor before making any investment decisions.

There’s a couple of things you should always remember. Try to be really patient, there will be times when you are under water but if you buy the main coins like Bitcoin, Ethereum you will not lose money long term. Crypto seems to run in phases of both bullish & bearish periods, both lasting a couple of years. You should buy when everybody else is scared & the price is low. Sell when everybody is euphoric & unrealistic prices are being touted all over the media. It’s really not that tough!

Despite the fact that there are many indicators that help a trader predict the movement of a coin, but none of them will help you trade with a guaranteed profit. Thus, the final decision is made by the trader, based on previous experience and adhering to risk management.

The basic lesson about trading is to buy low and sell high. Just that. If market conditions are declining, especially bitcoin, you can buy at a lower price because usually, the price will continue to decline a little lower or even lower. And when the price reverses, you can get ready to sell those bitcoins at a high price, higher than your purchase price. Or you can also hold it up to a certain price level you want, then sell it and get a profit. At least, that's what I did in my early days of trading because of my limited knowledge about trading.

You should also keep learning good analysis techniques from various sources to know trades better. This is also useful for improving your analytical skills so you don't need the help of trading signals. There is much more to becoming a pro trader and you should enjoy every step.

But that is the problem, what it means for the price to be too low? This is not really something you can determine by just looking at the price alone, you need to use indicators for that and even then you cannot tell all the time when this is the case, so there will be instances in which you buy when the price still has a lot of room to go down, what you would do when faced with this situation? As you can see trading is way more complex than just buying low and selling high and you need to study the markets profoundly before you can make any money.

I would say that as long as it keeps going down, you should buy? I mean that is what I did, I didn't buy all my bitcoins at 16k, I bought some there, but some much higher, and I kept on buying more and more constantly. If you are not entirely sure about the situation and don't know what is going to happen, the best thing you could do would be buying whenever you can, when it's dropping, when it's going up, just keep on buying.

You can make a loss if you sell, but if you don't sell and just keep on buying, you could never make a loss because you never sold so it's not a loss, even when you are in red, you could wait it out and make a profit when it goes back up over when you bought it.

The strategy varies for one to another, if we are talking about Bitcoin or ethereum then buy it when everyone seems selling it cause that is when you can get it for low and keep waiting and wait until it reaches the price you desired to sell and just sell it with no regrets so at the end you made profits but don't waste your money and time by choosing the shitcoins because someone said it can grow quickly and give you 10 times returns.

Can flip a coin to determine when to buy or sell? I'm sure this will be more useful. :)

What tips and tricks can we talk about if trading is a pure attempt to try your luck, like in a lottery (sorry, traders, but this is how I see it). If you guess correctly, you will make a profit, if you don't guess, then you will not. What kind of knowledge can be here? For me, it's easier to guess on coffee grounds or believe in astrology than trading.

And may the anger of traders bypass me after the above. :) I recognize your interest, but I still consider it a waste of time and money. No offense.

And without a doubt using a DCA strategy is a good way to counter this, if an investor is unable to determine the direction of the market accurately then the best they can do is to disregard it and simply buy bitcoin whenever they have some money available, lamentably even if this is an effective strategy at the same time many investors decide to not use it as the allure to try to time the markets is simply too irresistible even if they do not know how to do it.

In fact, there are not many skills in investing. You need to know that what we tell you is an obvious law that can be discovered. No one will come up with the skills to really make money. But you can look at everyone's suggestions, because it is not easy to do this. Even people who have lived in the market for a long time will not be able to judge correctly every time. You have to learn to be bold, first look at the market conditions, and then operate boldly. After a few operations, you will find the feeling, and gradually you will have your own investment method.

To start investing, a person must prepare some money and start looking or determine when he can start buying and try not to buy everything in one purchase order. This is to anticipate a price drop after we buy so that if the price drops, we can buy more but still don't buy with all the money. It is important to take one step to start investing and then follow when it's time to buy again. Maybe the DCA strategy would be better to use in this case.

And to determine when to sell it, a person must have a target price that he can accept so that when he reaches the target price, he can sell it and take the profit. But don't be too greedy because it can make you lose the opportunity to take advantage.

There is no such thing as a bad question so don't hesitate to ask here. I am also not an experienced day-trader or something like that so for me it is also pretty hard to tell when the perfect time is to invest into a project, but i would also guess that no one really knows the perfect time for that. All we can do is guess. There are a few indicators though, that can give you at least an indication where the price of a project might go soon. You can look at the order book for example when you are using centralized exchanges like Binance, Kucoin and so on. If the buy side is way bigger than the sell side, then it is very likely that the sell resistance will be broken soon and that the price will rise.

Of course there is a bad question but that isn't the one that has been asked by the OP. Experienced or not, we all have a difficulty when deciding to sell and buy but there is a general rule that everyone is following and that is to buy low and sell high. This is easy to do and this doesn't require a good knowledge but a simple common sense can be enough already.

You said you are not an experienced trader but I see that you gave a pro tip there. This and the other tips that users gave on this thread are surely going to be useful for the OP. Not sure if this is already given but another tip that I know is to buy the rumours and sell the news. It's name says it all, on how to initiate it but the OP can research further about it.

Look at your everyday life! If the coin or toke is(!) changing something in your everyday life for the good, buy it!

But: The thing changed in your life should not have something to do - in the core - with computer, finances, games and collectables.

This is when you have to buy. If your investment is changing something in your everyday life, then you will never sell it. Never sell!

I think best time to sell is when you make x2, the second best time to sell would be when you made x10. I know that sounds like a big difference, and when we are talking about bitcoin that is actually a big difference, but when we are talking about other coins it is not really that much.

Something can go from 20 million dollars market cap to 40 million and eventually to 200 million, it is quite possible and has happened multiple times so far. Bitcoin going from 16k ranges to 32k ranges and then to 160k ranges eventually is not unlikely neither, so from the bottom to top it could still happen, not for a while longer but it could possibly happen eventually.

You have a similar thinking to my own, if you invest in an altcoin and the altcoin suddenly grows 100% then you can sell half of your coins and recover all the money you invested in that coin, this means that from that moment on you are playing with free money, and even if the altcoin went down all the way to zero you will not lose any money at all, so you can take a higher risk and keep holding your coins even when there is a sharp decrease on the price of that coin as you know you have nothing to lose, and sometimes this is exactly what you need as then the coin pumps and you can multiply your money many times over.

First of all i appreciate your Question and happy to Answer this. I can provide some tips for new traders who are just starting out. Keep in mind that trading involves risk and these tips are not foolproof, but they may help you make more informed decisions.

Do your research and analysis Before buying or selling a stock, it's important to research and analyze the company's financials, news and events that might impact the stock price, and any other relevant information. This can help you make a more informed decision about whether to buy or sell.
Set realistic goals and limits It's important to set realistic goals and limits for yourself, such as a target price for buying or selling a stock, and a stop-loss limit to minimize potential losses. This can help you stay disciplined and avoid making emotional decisions.

Keep an eye on the volume The trading volume can give you an idea of the demand for a particular stock. Higher trading volume generally indicates more interest in the stock, while lower volume could mean less interest. Keep an eye on the volume and consider it as part of your research and analysis.


Monitor the order book or "queue" The order book, also known as the "queue," shows the current bids and asks for a particular stock. This can give you an idea of the supply and demand for the stock, and can be helpful in making buying and selling decisions. Keep in mind that the order book is constantly changing, so it's important to monitor it closely.

Use technical analysis Technical analysis involves analyzing charts and patterns to identify trends and potential buy and sell signals. There are many different technical indicators and tools that traders use, such as moving averages, MACD, and RSI. Keep in mind that technical analysis is not foolproof and can be subjective, so it's important to use it in conjunction with other forms of analysis.

In summary, trading requires research, analysis, discipline, and risk management. By setting realistic goals, monitoring volume and the order book, and using technical analysis, new traders can make more informed decisions about when to buy and sell.
I think This will helpful for newbies
ThankYou

It is fairly easy does not need a coin toss or astrology. You buy when the price of an asset has hit low and you sell when the price hits a high. In between you have to patiently hold. Do these three things correctly and you will profit from the difference.

The problems that come in are
1. Lack of patience to hold. Sometimes this period may be years before you see the profit.
2. When the prices keep dropping or rising. In this case buy/sell at different levels as the price goes down/up.

It would be foolish to think of this as a coin flip, you would devastate your possible assets on hold if you trade based on 50-50 chances.

I am sure that there cannot be any technique to help you to find out the right time for buying and selling altcoins. Probably only a crystal-ball may help because 99.9% of altcoins are driven by devs and NOT by supply-demand based technical things.

Simply following the aspects that you have mentioned like volume or news/events of one particular altcoin, that may help you only for one time and if you want to repeat the same technique for another occasion then you will definitely get big disappointment in the end. Because, almost all the altcoins are being driven by pump and dump schemes to lure new and naive investor for short period of time. I basically like to suggest you to go for watching altcoins for some times (then you decide yourself) and you can invest with bitcoin from now itself with DCA and long term plans.

But it's not really trading, but rather investing using a DCA strategy, that is, averaging positions in order to reduce the average entry point and the earliest possible start of profit. In trading, this strategy is used much less frequently. Usually it happens as follows: the trader bought bitcoin, the price began to go down, he triggered a stop-loss and fixed the losses. Then he waits for a new entry point and buys bitcoin again to sell it.

Trading in the short term has no real difference from gambling as in the long run if you do daily trading most likely you will end up like 99.99% but I may even say 100% and still be technically right which are all the people that lose money through daily trading.The real trading is in long term,for example you buy a coin that you think after 1,2 or 5 years will be at least x20 to x500 skyrocketed in value and if you got it right you will be making some good decent substantial amount of profit,worth the wait of such a long time and if you lose,you will not lose as big as losing by doing daily trading,that is the difference.

There is no big tips and tricks. DCA is a strategy that lets you buy at the best price as the market is into fluctuation. Apart it is you to decide when to make a buy and selling. Not everyone are ready to invest when the price is at the down market. Whales invest when the market is down and most of the time small holders buy when market is set to be recovering. The right decision and the patience will bring profit out of the investment.

I will admit that a great deal of those trading for the short term are indeed gambling with their money as there is no chance at all they will make any profits by trading this way, however there are some day traders which can make profits out of it and they are not really relying on their luck, but on a strategy specifically created to trade such a short time frame and an incredible ability to perform under pressure, unfortunately such a combination is so rare that some people think they do not exist even if they do.

Maybe I’m crazy, but I buy altcoins when I need to use them. That saves me from 99% of the altcoin scams because most of them have no real reason you’d ever need to purchase them. When you start buying things you want to use, you find that you own good things that are usable.

I also think a good time to sell is usually when you feel like bragging about having bought it.