Bitcoin Forum

I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.

Now they are both in freefall and I'm considering an entry point.

How do you decide where to take the plunge?  A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?

Or do you get buy targets from another source?

I was like this before but it has made me a lot of losses from doing so. It's not an effective strategy for me and it's like going wherever the crowd is going.

I'm always looking at their charts and looking if they're under some certain level or prices that I'm thinking about them. It's backed up by a bit of research if they're doing well or not for them to have that type of chart.

It varies but if you're optimistic with a certain project, DCA.

Either i do slow dca as you don't know where the exact bottom is and it's dangerous to try to catch a "falling knife". However if i do want to catch the bottom i will include some support fib lines to my technical analysis, those work surprisingly often. But with the 2 altcoins you asked about, if i would like to buy Optimism for some reason, i would wait for $0.9 and lower. It might bounce from $1 but i think it could be temporary bounce. As for IMX i can't see any reason it wouldn't go under ATL. I can't see any future in that and there's no way to tell where the bottom is.

I usually accumulate when the coin has reached its most decrease that is when it hardly decrease anymore and there are price swings frequently occuring i think that's like the right time to buy, but then again seeking the very bottom is really hard, usually if things go wrong with investing at the bottom like it further got some correction just wait it out.

I have the personal policy of never trying to catch a falling knife no matter how attractive a project could be, if the coin in which you want to invest is still experimenting a sharp drop then stay away from it and be patient, you need to wait until the drop ends and some sort of stability is reached, doing anything else other than that will expose you to massive risks and the chances you will lose your money will increase immensely.

it's really hard to decide the right buy price target, of course everyone definitely gonna choose the lowest price for buying target but the question is could they?
most of them are just gonna follow the flow, don't know whether their entry is good and only later they gonna find out about it.

I always wait for the price to stop and see what the situation is around the market and only after that I can buy 25% of what I planned if it goes lower, I still buy. I work mainly according to this scheme, since it is safer and at the first opportunity I try to sell if the price suits me, or I will continue to hold if there is an unrealized prospect in the project.

My decision on the ideal starting point for a crypto investment is typically difficult.  When I want to invest in an altcoin, what I find myself doing is investing in it gradually. I don't immediately buy in any altcoins. For instance, if I wanted to invest $100 in optimism coin, I would initially invest 20% of the money, then 30%, and then 50%. As the price of the altcoin declines, that's how I will be investing in the altcoin gradually until I exhaust the money I mapped out for the crypto investment

It’s always good to have this kind of strategy and focus on this, I personally have my own as well.
I do analyze the price trend and if it goes on a good position, I’ll buy some. Anyway, if you are not so sure about when to buy, always look at the chart and see the good price. There should be no pressure in buying, you have to take your time to analyze and make sure you didn’t miss anything, trading can be very tricky most of the time, and the fees can’t tell if its a good time to buy.

IMX is already up 3.3% and OP is up 7.6% for the day (13 May). I hope you managed to buy something on the drawdown. And hope it was OP as its price is rising more optimistically.
And the reason is most likely that Optimism has been tapped as the protocol for hosting Worldcoin’s flagship apps.

First of all your choice about OPtimism and Immutable is good choice in my opinion layer 2 is on the rise nowadays but the bitcoin price is not good making this is not the good moment.

Im gonna share my opinion though the price of bitcoin now is testing 26K support or 100 EMA and it seems the price reject at that point. When bitcoin price reject for couple of days and show bullish I think that is the right call to buy altcoin like Optimism.

https://s3.tradingview.com/snapshots/z/zYRQPi76.png

If you look at the chart the yellow line is previously a resistance and now turning into a major support although is not there yet. you need to be carefully since the price already broke the 200 EMA and I would say the good entry point for OP is $1.2 and take profit on $2

If you are you good with candlestick then you can look to detect were to buy or sell, usually as a trader you can buy 10 percent below the initial price or lower then you can also sells back when it gains a 15 percent increase in price at this point selling with 5 percent changes. However, if those token are being listed on binance or in a reputable exchange you can set a buy or sell limit to help you save your lost.

Thanks everyone for your replies, I've really enjoyed the various outlooks on choosing an entry point.

I didn't take the plunge on OP or IMX despite their significant downtrend, partially as I fear Bitcoin dropping to $25K and better buying opportunities may present there.

I've made the mistake of buying a few others HBAR, AGIX, AR as prices were dropping .... and then they dropped significantly further.  Perhaps I should have waited until prices stabilized as suggested.  Or DCA'ed in so I could potentially buy lower too.

I guess I'll keep my powder dry for now and watch for OP targets mentioned above of $1.2 to $0.9

I never try to bottom any altcoin project, no matter how attractive it is; trying to bottom only makes the sentiment more confused. In case the price of my favorite altcoin is falling, I will use Fibo or some other price analysis tool to see if the price will stop falling. Then I will use DCA to maximize its bottom-fishing ability. The important thing is to wait and patiently stick to the plan until you have 50% success already.

The important thing is that you have a plan for how much money you want to invest in the coin. For example, you want to use $10 to invest in that coin. You can buy it at current prices for $2-$3 or even $5.

But it's best not to buy an all-in with $10 right away because if the price keeps dropping, you can't buy it anymore. Usually, I'll place a buy order 3 or 5 down the line from the buy order and wait for it to fill. And if the price continues to decrease after that, I will place a buy order on the bottom 5 rows again.

https://i.postimg.cc/wjYNRb3P/Screenshot-4.png

The best strategy is to wait for btc correction which will force many over confidence buyers to sell some coins and almost all altcoins will be down. now this is best opportunity to take entry but not use all fund because another btc down will drop altcoins more. I am just trading in gainers for 5 Minute trade which is high risky and i will not recommend to any one but i think buying any coin in Fomo is worst buying because if it's price down from here then tou have to wait long for it's price to be rise back to this stage

Based on the signals and information that you have with that project to make a decision with it, I think the investment will be more risky if it is only for the short term. And when we have studied them and spent a lot of time observing, the risk ratio will certainly have to be greatly reduced, the method that I recommend is DCA, you should buy them gradually with the right amount of capital over time. When that investment pays off for you, you'll feel better. Personally, there are some coins at this stage that I also have high hopes for in the future bull cycle, but in general everything revolves around the volatility of bitcoin.

When things are plunging or spiking my best advise would be to just cost average in.  Many reasons for it but for me it limits the downside risk so if you buy a little and it keeps falling you aremt all in and can continue to buy.  It eliminates the need to try to call the bottom.  And if it spikes its not like you were completely out of it and can catch some of the uptick.  Either way good luck with your adventure on stacking sats!

ust see whether the current price far off from the highest then you can just accumulate, as many have said, seeking for the bottom of the price, most of the time you just gonna outright fail because no one have idea.
just find good price point and you're set.

but don't just believe in what are those coin instead about what is the future ,
because there are so much happening in altcoins and what we must be concern off is about the future ,
the potential of increase is there but would be be back? or will continue to fall
those are the factor in which many are losing and this is why we should understand the behavior of each project we are going to invest with.

thanks for the share here budz , will check this position from here .

If you really trust and believe about these project then there is nothing to consider but buying now as the price are dumping , though this is not my kind as I will never buy a coin that already reached its top for many reason.
and one of those are I have seen many of that like and losses happened, you must learn how to get the timing in buying before the pump , not unless you are willing to keep holding long if cases that the value dumped after you bought them.
and when was that? how to detect that the coin already dropped in its lowest?
any Idea mate so we can rely and try doing it in general mean?

My decision depends on quite a lot of things, the first would be the use case of the coin itself, second would be the developing team, next would be the partners of the project, then community supporting the project and then the whole market season or movement. After considering those, that is when I move to the charts and indicators. And if everything looks well enough for my standards and risk tolerance, then I jump in. The amount I put in would also depend on how good the risk-reward ratio looks to me in longer time frames. That's just for investing for mid to long-term holding. For short term trading and leverage trading, I basically do the same but much more focused on the market season, charts and indicators that are based on shorter time frames and lastly community sentiments towards the target coin (never go against the waves).

Targets from other sources helps too. But only if you already have ample experience in trading and are well aware of what you are doing. If you take in targets from other sources as they are without confirming or making changes that fits well to your trading style and strategies, then you are better off not considering other sources for your trades and instead focus on learning the basics and gaining more experience by taking things slow and trading smaller amounts. Also, opt for well reputed altcoins or bitcoin first.

if you trust the coins mentioned then why not take the advantage buying ?
I only ask for some advise over groups that I have and yes , those are my sources and the price targets.

until when this will be given? 10$ might be high to buy now but what if the price grows overnight then the chance of buying will be increase prices also .

As I used to enter it depends on many factors such as market movements, the trend that bitcoin is showing and its status in the short term or long term, and I also only add one price. How much is expected and suitable to start buying. I don't like how a lot of people are so sure that a target price can start because this market is so volatile we should set a long or short path against the desired profit we can expect. DCA has always been an appropriate solution and I think it fits the current market landscape where prices have fallen a lot from the ATH they have generated, of course for good coins over time. they will grow again on their trend, and what you need to do is research whether the project can afford to survive or adapt in this market over time, or simply until you see the benefits profits from them.

If the price grows overnight, it is an advantage for us because we can sell it at a high price and don't have to buy at a low price or hold it for too long.

And that's just an example that I usually use, but maybe the usage also depends on the situation and conditions that occur in the market. If you can analyze it better, you will know whether to place another buy order at a lower price or simply place a single buy order, as I showed you. It all depends on your experience and expertise in analyzing it.

I think that looking for the lowest target to determine buy is always a wrong decision to enter, we should ignore situations where we think it will happen. Instead develop a specific clear strategy to approach market volatility, in the current period the market is in a bad cycle to invest and expect profits to grow rapidly, but I can see great opportunity if I look long term. An appropriate time here is when the market is gloomy and there is not much money pouring in to promote development, if your finances can be maintained and met with many balance criteria in the future. life you can buy and keep them in the long run, rather DCA would make sense during this period, even if the price goes up, DCA will also bring positive returns on the investment, and in my experience it's risky because when you are in the latter part of the bull cycle then you will lose time as well as money. So I think this is a good time to start thinking about the next crypto bull market.

Those who buy from gainers are mainly those who FOMO, I don't know how one can be profitable in that, though I know it sometimes works out because when a coin is going up, you might see it before it has already reached the top and if you buy immediately and sell before it dips, you will be in profit but as you said, it is very risky.

I tried to do the same once with a token that was going straight up, I thought I can make use of the volatility and get some dollars and exit before it dips, and as soon as I bought, it started dipping right from that point and I lost a lot of money in that trade.

If you had already traded and some make previous profits why not ignore it for a while because I still believe you still witness more down fall instead
of entering the trade at a wrong spot. Why don't you think of placing some orders in 3 place with each on the lower prices maybe if the coin drops below the previous it trigers as your orders are being placed accordingly. I think this would be the best solutions since you don't really know were to direct your shoots and believe this time it will have a directions.

To avoid catching a falling knife, the first thing you or anyone who's interested in a project that's dumping should do is to quickly rush to any social media outlet of the project to find out why the dump is happening and if there's any internal scruples. You can't miss this if there's anything wrong going on. Someone on the media channel is bound to expose it. Don't rush to buy any coin because you feel the price has depreciated. Find out why first.

I do random buying using the DCA technique.

but this is not an easy task mate because we have to to this >>

 -First = you must have a big trust in that currency ,
  
 -Second = you must be a risk taker
  
 -Third = you must have to get the proper timing


those qualities and part must take place before you finally earn and gather that target price of buying and of course selling .

but what he wanted to learn is the target price in which the best timing to enter .
Hope that those coins will truly follow the movement of bitcoin
for OP to gather what he is targeting to earn.
 The graph shows the resistance but yes we keep holding about that price and maybe 26k isn't coming any time now or soon.
while that seems to be close, why not purchase at 1.3$ instead of waiting more since there is only a 10 cents difference .

that is "IF THE PRICE GROWS OVERNIGHT" but what if Not? and have you seen Bitcoin growing like this? well this commonly happening in shitcoin and those who are being manipulated coins  ;D

just buy if you trust the coin , don't bother go deeper when you believe in what you are investing.
sometimes we need Guts and Luck to succeed in investments here  ;)

Although occasionally when we buy the price continues to decline, it is a good idea to buy when the price is undergoing a correction. The most crucial factor is how we perceive the state of the market. Make sure your investment is in the right token - The team is doing a great job, and there are many of goals and accomplishments to be made -, use the DCA technique, and don't make all of your purchases at once with all of your available funds.
I also hold some OP tokens -Optimism-, I think it's a good project for the future.

You can consider your purchases when the price approaches the support level. These same levels coincide with the Fibonacci level, which is much easier to use than other trading instruments. But you need to remember that the support level can also be broken, so distribute your balance so that you have money left to buy from the next support level.

IMX one of my target for DCA and the project is have great fundemental for the future of crypto. I will decide buy price target when fear and greed index is reach high fear thats the moment to entry price and accumulate coin on yoour portofolio. It will hard for us to read situation of chart market and needed skill for analytic of chart crypto market

the thing that make me doubtful investing in layer 2 token is that, what's exactly the use of the token though other than governance, the blockchain still uses ethereum for gas fee, so I think that alone already decrease utility of the layer 2 token in which in this case im sure gonna make the token hardly increase in value in the future.

Speculating the market is hard because crypto market is fast moving and no one really can predict it when it pump or dump that's why DCA is the best strategy to fulfill those buy orders of yours which is tested and proven strategy. If you are lucky enough when market crash, then it's the best way to get those buys with good discount from the market. Always have some stable coins when market sentiments is negative but I would suggest to apply DCA.

Personally I don't trade anymore, not until the bull market at least. For the time being I am participating in Twitter giveaways, bounties, and airdrops. Zealy io has a lot of bounties and Q Blockchain has giveaways on Twitter. On Zealy you can find bounties for promising projects like Shardeum and Lamina1.

but not all projects which crashed are worth buying. actually, most of them will have a continuous downward spiral and there's no chance of revival. so when you choose such alt to buy, better check the reason/s why they are getting dump. because for sure they have reasons. do remember, most of them are heading to worthless coins or tokens. so if you buy big, it means, you are getting rekt big. this is why most are still opting to top alts so even if they go down, they have higher possibility of going up again. your choice!

Most people especially traders will always have a basis when they will buy, some could be using supports and resistances. Some are using historical prices of a particular cryptocurrency, for example: on this price, the price peaked before and after that, it went dumped or vice versa.

While some are also not buying the dip or dump because they will not guarantee that it is the dip already or the cheapest, some are starting to buy once the price is bouncing back.

Why feeling so for a period not up to a space of three months if you hold your portfolios in an asset that gives future assurance, and regardless of whether or not it pick or fall at some points.


Having a well-informed selection of assets can give you a better chance of future confidence, and avoiding hyped assets also helps reduce frequent alteration of the balance figure.


I plug in regardless of price, although I have been a single pair holder and Bitcoin is my best asset storage, I have an in-depth knowledge of another portfolio in the altcoin categories.

Jumping on a coin at some point is highly risky, and if not well calculated it may lead to such feeling as ops is having right now.

In this situation, I could still have them but just a small chunk of investment. I'd rather make a new start in a new project which is going to rise, not coming from the hyped price as it was pretty hard to recover.

Although we can say correction would happen to the market but seeing it doing down from the top, seems to be not a good indication especially, if that project is new. Not totally we can say it turns to die but several coins have that situation and never rise back, so we need to anticipate such a thing as well.

One of the easiest ways in which you can do this is to use a SMA, if the price is below the SMA of a coin, it has remained relatively stable and you think the coin has the potential to recover then maybe it is time to consider buying the coin as it has a good enough price for you to buy, personally this is something I use with bitcoin from time to time and in theory you should be able to use a similar strategy with altcoins as well.

People should also consider if the project has long-term plans to begin with.
Because it may be in free fall because it is about to be abandoned by its owners.
Each project should be taken seriously if you are spending your hard-earned money.
Thus, you need to know the future of the project, if there's any. Most are just wasting your time.

all time high point could be pretty much a good reference for someone that wanna make an entry, but I usually see the chart and find whether it's already going down so much by gut feeling so i guess it hardly replicated by others.

I'm not sure if this is worth it if you're taking these two coins too seriously. You can ignore them and move on to the good and unappreciated coins. Trying to buy a currency when it is in a downtrend is indeed very riskyeriously. You can ignore them and move on to the good and unappreciated coins. Trying to buy a currency when it is in a downtrend is indeed very risky. You won't know where support is, for sure. It is true that DCA can reduce the risk of this, but it doesn't matter how many times you have to stop DCA. So it's best to ignore it and switch to another coin that will be a better choice.

Whenever a certain project does have a freefall or having a plunge then you would be mainly thinking that there's might something wrong but you should be looking around if Bitcoin is really mainly on downtrend?
Because this is usually most projects in the market would be dragged down below without having any reason as long Bitcoins price is going down and this one is something that absolute most of the times.
If not then you could always make out some research on whats the actual reason of the dip? If there's none then this is where you would really be making out some technical analysis because this is where
usually people or traders would really be basing up their entry point basing into those potential points which the price could possibly go down even more. When it comes to decisions then this is where
it would really be depending according into your likings or preference and this is something will really differ into each other. We do have different approach when it comes to selecting
projects and this is why if you do see that Optimism and ImmutableX is something that is good to be dealing up with then its your actual choice.

Buy low and Sell high.
30-40% price drop is actually a good time to buy but we also have to consider the potentiality of the said project as well. It is very important to look further at its previous price trend and make a base of it when to buy. But as I usually did, I just bought when there is a correction happen and sometimes I bought at the moment when it started to recover.

Generally, it really depends on us what is our target price and that also depends on the current situation. It should be analyzed so well and make a decision that we think is right.

My strategy is to wait for the price to stabilize and assess market conditions before making a purchase. This requires you to have patience with the market to be able to increase the probability of buying at a good price and avoid buying at potentially high prices or during volatile periods. Allocating a plan and having the ability to add more in the event of an unsatisfactory outcome will reduce the chance of further risk. Also, knowing when to sell or continue holding based on your assessment of a project's prospects is critical to making informed decisions and managing your portfolio effectively.

When considering entry points for investments like Optimism and ImmutableX, it's important to assess multiple factors. Firstly, look at the overall market conditions and sentiment. A significant drop from the top or a reasonable percentage above the bottom can be potential entry points, but it's also important to consider the project's fundamentals, roadmap, and adoption potential. Additionally, analyzing historical price levels and support/resistance zones can provide insights. Ultimately, combining technical analysis with fundamental research and having a clear investment strategy can help you make informed decisions.

 ::)
it's simple for me, I research for good projects and buy their tokens on presales or token sales
this time I think NeonLink has a potential to be a top web3 project of 2023

if you want to buy altcoins or Bitcoin at low prices it's very easy,
you can wait until bad news comes and the Bitcoin price will of course dump as well as altcoins,
or use technical analysis with support and resistance,
if the price touches support you can accumulate, and if pump to resistance we can sell it.

Its very hard to know the exact price where we should buy because this point is called All time Low from here coin will bounce back but there are some coins that we can analyse its price of buying. now if we see the graph of arb and sui token to  then we will see that the buying range is 1$-1.05$ because from that point it's bounce back many times. this is the point where the buying demand is high. similarly we can analyse btc for short term and any other altcoins at this way.

You can't determine how far down it will go. So you have to decide on 0.5%, but you can proceed according to your decision.

I agree that determining the right entry point for a cryptocurrency investment can be challenging. However, it's important to consider various factors and strategies to make an informed decision. One approach you can take is to look at historical price levels and support/resistance zones, as you mentioned with Optimism reaching $1.3. Another strategy is to use technical analysis tools like moving averages, RSI, and Fibonacci retracements to identify potential buy zones.

Additionally, it's crucial to stay updated on news and developments surrounding the projects you're interested in, as these can significantly impact the price. While it's impossible to predict the exact bottom or top, having a well-researched plan and using a combination of strategies can help increase the chances of a successful investment. About accepting Bitcoin payments and converting them to stablecoins, it seems unrelated to the main question. However, it's a valid point that businesses can accept Bitcoin and later convert it to a stablecoin if they prefer to avoid price volatility.

@OP should look for other coins that also have the potential to go up, especially if the coins that caught @OP's attention have risen.
That would get him stuck buying at a high price and having to wait a long time to be able to sell them and that is if the coins can go higher than the price he bought them for.
In buying a coin or coins, I will pay attention to when the price can go down and if it can go down further, it will be an opportunity to buy it.
If I saw the drop deep, I might buy it for less money to see if there would be another dip.
But if not, I will increase my purchase amount for more quantity.

Right now i don't have any target i just keep DCAing and i think the bear market is not over just because there is still too much optimism and greed. Maybe there is more pain to come.
Maybe we are already in the bull market and we don't know yet.

speaking of the truth, you will never know when is the bottom, what you can do is, after some massive correction, starts your way from there, make accumulation since it's quite good entry anyway, i doubt it will not be bountiful investment for the future.

The bear market is very likely over, but the bull market is still not present yet, so we are on a period of transition in which literally anything can happen, this is why the predictions coming from investors are all over the place as no one can really tell what it may happen next, so using a DCA strategy right now is not a bad idea especially if you are buying good coins, as we know that sooner or later those coins are going to recover their former glory and go up in price in a dramatic way.

if you are in doubt, then your efforts will be in vain.
You must be sure that the investment you make in crypto currency can generate profits in the future,
especially now that there are many altcoins at the bottom, you shouldn't think too much about it,
I have also bought altcoins my choice this year and I hold for the bullish season.

And actually this does not apply to all cryptocurrencies, because most of them choose lower ones but the certainty is uncertain in the sense that they choose the wrong Altcoins, because this will also have an impact on their future, because of this everyone who wants to do Investments must pay attention to which Coins they should hold for the future, because this determines their success in the future.

To have no target might be better because it allows us to continue buying. Usually, when we set a target buying price, we are making sure that it is the best price and we ignore the fact that it is not going to be easy. If you are confused if we are still on the bear or we are already in the bull run, I think we are still in the process of going out in the bear and we are now heading in the bull run.

There is optimism and it's a good thing. I think this is also the reason on why we are rising. If there are greed, that is when people continuously buy. There is no greed for selling yet because the price is not really great for selling. Pain is normal but please don't hope for it because the more it will come.

that's like basic common sense, to choose altcoin that's of good quality is essential in ensuring future success.
but the question is how? moreover determining the lower price of these altcoins are also whole lot another level of difficulty.

Dont put all your money in to 1 or just 2 coin man. Put it separately in to 10 different coin. BRC20 maybe good choice too. Maybe it will be the next big thing for the nezt bullish cycle, everyone ape in to it right now and i saw new BRC20 project every day. And for " how i decide on buy price target " i my self atart buying 10% of my target investment after the coin down 50% in crypto winter / correction phase like now.

Man I buy at the very start on presales
now I'm into NEON, public sale soon, I think that when you're researching for cool projects before the hype -"magic" happens
Not magic of course, simple math, good team and product - nice impact
And when it comes to tokens that are already hyped, I'm waiting til the hype comes down
Second or third wave after updates or new hot releases

In the cryptocurrency market, you cannot be 100% sure of anything, since the market also depends on news that cannot be predicted due to the lack of insider information. The only thing that will help to save your deposit is to adhere to the risk management strategy.

No target to have is might better because they accept buy continuously and they Usually, when we set a target buying price,we are making sure that it is the best price and we ignore the fact that it is not going to be easy. There is optimism and it's a good thing. I think this is also the reason on why we are rising.at last we are running in race like that we think it.

Yes, the only thing we can be sure about this market is that anything can happen at any time, now this is a characteristic that we may not like about this market in particular but we cannot do anything to change it and we can only adapt to it, this is why our risk management strategy is so important, as when the market moves against us then we can protect ourselves very well from the adverse effects such movement could have on our finances and reduce the damage to our account to a negligible level.

No matter how you feel about technical analysis, you cannot ignore the fact that there is a level of support and resistance. Accordingly, you should make your purchases from the support level. And if you also use DCA, you will get an excellent average coin price.

No source, no signals.

But what I do is look on the news if there are already existing bad news for the coin that I am about to buy. But there's one exception of course and that's bitcoin.

Lacking of what you do in researching is where the other investors and traders are keen about. Those that have got experiences are making it sure that they'll be able to see what's behind the project and not just buying because of hype.

Then what about altcoins that don't have support?
and if you look at the chart it has reached a new all time low and even if we buy it will still continue to fall,
and there is no bottom below, how? what should we do to buy that altcoin?

Both technical analysis and support and resistance levels can be good indicators but we can also not ignore the fact that real world events can always make things go ways we never expect, so it is obviously better if we also keep an eye for that and buy accordingly, if we are uncertain about the changes to come but the price is pretty good, we should simply start doing DCA right at that time.

Someone who does DCA with coins that they want to purchase and keep until the bear market will actually be the one who wouldn't miss any dips and at the end, they will have a very good average buying price for each token they've been buying with DCA method.

Altcoins also have support levels that break through just like bitcoin's support level. So we cannot know in advance whether the support level will stop the price, and for this reason we will have to place a stop order below this level. In this case, we will reduce our losses if the price continues to decline. As for new buy orders, they should be placed at the new support level and we will certainly get lucky sometime.

That is a good idea because there are so many projects that rarely have nothing going for it, there are so many projects that constantly have something going on that I feel like it's not going to be that easy to make a decision on it neither. This is the reason it is a lot easier to decide if a project is doing alright or not, because if there are good news then there is a possibility that it will be a good project, if there are bad news then we are going to see it do badly.

This is why I believe that we should be doing as well as hoped for and maybe that will change our life for the better. I think it's not that weird to consider that news have a bigger impact on altcoins than chart, because alts are not that high on liquidity so charts matter a bit less there.

DCA is probably the safest. However, If you see a coin pumping and you want to join early - usually best to wait for the little dip after the pump. Try not to buy the top of any coin.

Buying altcoins or bitcoins does have to use technical analysis, especially during the bearish season, the price of cryptocurrencies,
especially altcoins will be very volatile, if you don't know about support and resistance then you will get lost,
support and resistance are very important things we know before we start investing or trading

when that occurs you're probably already late in the game. there are so many altcoins that outright just lost value after the first pump, it has been like that with other altcoins too these past few weeks.
after having pump they just couldn't get back up to their former valuation.

to place a buy target, I usually look at the previously formed support. Besides that, I correlate it by drawing Fibonacci lines to find out price declines. I usually place the golden ratio at the 50% -61% line. that's where my buying area is planned. but it can also be seen from the support that is formed so that we will be more valid placing pending orders. on the other hand, don't spend capital all at once, considering that no one will know the market, so we have a reserve fund to buy it back if it doesn't go according to plan

I always follow up with the red light to ensure I get the amount of altcoins I want to buy and hold for the green light to come up in a way I will not regret for the money I invested in that particular altcoins. I purchased some altcoins ending of last year when the price was very low in the market, because there are many altcoins investors in the community waiting for the price to decrease down to their target before they can buy at the moment but the price of altcoins started increasing early this year that made them to missed the opportunity  at the moment. It will be favourable if you can exercise patience for the price of altcoins to decrease down to your satisfaction before you can make a demand from the market to meet up with your buying target.

Look into Oasys. Their discord got hacked so the token price probably went down. They are similar to ImmutableX but have Squaresoft and Sega on board. Also look into Q Blockchain and IOTA. They are regulatory compliant and doing digital ID in Europe.

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

Yes implementing DCA is indeed a good option and many people also use the method,
crypto market is constantly moving and instead of wasting time on predicting better use that time to follow the market,
it will be more useful for sure.

It's still a very risky decision. I remind you that if there will be no guarantee if the pump will remain very long. Look at how so many people trapped at the peak price once they were buying meme token when the price pumped so hard.
What kind of coin is also affecting our decision to predict it. Remember always try buy at the bottom or when the market was in red paint. Many people were always tajking the risk by scalping it.
It can make people lose their money in a seconds or minutes. I just try to decide to buy when the price already reached the bottom and it's always working but the only problem if we must also prepare cut loss caused by the price sometimes can go even lower.

DCA can be a very effective tactic but only on the right hands, as there are many people out there which see the DCA and may think it is too simple, and the truth is that the are right, but just because a tactic looks simple that does not mean that is simple to use, as buying when the price is falling is incredibly hard and many people will at that point decide against following their DCA strategy, which is a huge mistake as that is the perfect moment to buy and to load as many coins as possible.

DCA is the best method of buying bitcoin and mostly altcoins as well and there hasn't been any better one yet. I know that people are talking about trading and all but we should all realize that trading is not that great unless you know what you are doing. People should learn that DCA is a profitable thing because it results with a great return overall, I definitely believe that the best way of making money would be DCA.

This doesn't mean that we are going to end up seeing anything amazing from newbies who do not know how to do it, but when you mature enough in the crypto world, you will know when is the bottom or at least when you are close to it even if you do not find it exactly. That will allow you to do DCA a lot better.

Just to admit that investing in shitcoins is stressful even to say that we are applying the DCA strategy.
Everyone has their own way of determining when to buy and the price target. But for me, I was certain about buying when the market price is down, holding, and then selling at a high. That is why it is very important that we must know how to analyze the market trend and must have to consider some trading tools that would help us in making a decision.

This is a difficult question because price is relative, it depends on how valuable you think the tokens can be, those people that think BTC was expensive at $16k would have missed out on 2x their money by now. What I do use is the fundamental analysis, is the team still committed to the project, any major update on their roadmap and also who is backing the project, I use this coupled with technical analysis, Fibonacci retracement is a very good tool to use to find a good price, 0.67% is a very good area to buy the deep. What I tell people is that just buy and DCA because it is difficult to spot the bottom.

It is impossible for anyone to perfectly time the market every time, it might happen once, or maybe twice, or maybe more than that but it doesn't mean that one can do it every time, so the best way is to use the best tools and techniques to analyze the price and buy when you think is the best spot according to your research and analysis, and don't regret if the price goes further down because that was always bound to happen, the same goes for selling.

Those who keep waiting for the perfect spot usually miss the best opportunities, because getting less profit is definitely better than getting no profit at all, and once you learn that, you will become a good trader because good traders never get greedy but they take any profit they can because it's at least something.

You have some point there and it means that holding long-term gives you a huge profit as it is likely possible that those short-term investors are even more profitable.

For example, earning $300 monthly through trading was possibly more than we wait for 3-4 years and selling our coins which only earned $5,000. Citing that instances, it makes me think as well that I should go for buying during the dip and then sell when it rises, and repeat the process.

prediction of market doesn't mean that it will come out the same you predicted but there are many factors which have impact upon crypto market. if we care out all factor and then predict according to previous history of market then the outcome will be true most of the time. personally when i saw something big happening in any coin, i entered at early stage like ltc halving and hardfork of any coin.and its working for me most if the time. another time for buying is when i see full fear in the market then i buy only big coin like Eth, matic.

this one thing could be rougly determined from technical analysis honestly I doubt someone could determine this without any technical analysis, though DCA method is one way to get profit and find better entry but it still requires investment overtime which easily means we might also get some bad entries, but with technical analysis i guess we could get rougly estimation of when the market gonna bottoms out.

I'm just buying regularry when i got some money from my main job. So every month i spend 30% my salarry to buy some alts and btc. I already do it more than 2 years and when the bullrun comes i'm just gonna sell it.

I agree with you, DCA is the best strategy for investing in cryptocurrency, because it can make us get profit quickly, but I still recommend to investing in popular and useful altcoin, because it's safer for you, so of course with you invest and do DCA, then you will definitely get a big profit, therefore I never recommend to investing in meme coin or new altcoin, because of course it is very risky for you.

DCA is a great strategy, but only if you use it on the right assets, if I am perfectly honest with you I would only feel comfortable using DCA with bitcoin and ethereum, as I have no confidence in any other coin when it comes to their long term viability, and we have many examples of this, coins which were at the top and that everyone thought they were solid coins, which at the end disappeared in a matter of days as people eventually found out the coin was a scam.

i wonder if you're also buying it when the price just near all time high because that would be really bad entry meaning you will be wasting your time. i think strategy is still necessary in your case here.

the most important thing is we have to choose the right cryptocurrency before doing DCA, because when doing DCA in a bad cryptocurrency or shitcoin, then of course it's just a waste of our money, therefore I recommend investing and DCA in cryptocurrency that are in the top 10 on coinmarketcap, because it's safer and for sure the price will increase, so it can give us a big profits in the future.

True because a mistake in choosing a coin will only waste money and time,
it's very unfortunate for sure if that happens then do some research first or your advice is investing in the top 10 coins in CMC,
what is clear is that all decisions are in the hands of each.

Yes I think we should always check the coins we are going to invest in before investing. If we invest in the wrong coin we will lose our money completely. There are many coins to invest in which we have to find out.  We have to do and invest. If we make any wrong decision it will be a big loss for us. We have seen many people lose their money by investing in wrong coins. So we always have to be careful.

to be honest those time low entry already passed in most of coin,
looks monthly/weekly macd chart, remember there is -90% and get another -90% in the last flush mostly before btc halving, dont go all in in same time, dca is ok,
day trading is safer just in case something bad happen, go all ini atleast 1 month before halving or sometimes big discount before halving, now seems etf hype will drive all crypto move faster beyond expected

It's always difficult to tell the price actually, so i choose a particular price and make it a target price for both buy and sell, If the price gets there; fine if it doesn't i will wait until the price gets there, there is no need chasing for price rather set your own target price. 

It is the very first step to choose the correct cryptocurrency that you will be investing in whether you are going to do DCA or simply buy all-in, though it is not recommended to buy all-in even if you are buying a shit coin because there is always the chance of it either going up or down, so if a cryptocurrency manages to up after you buy all-in, you will be in more profit, if it goes down from that point, you will regret your decision of buying all at once.

And, people usually do DCA with coins that have a significantly high value like Bitcoin or Ethereum and some other cryptocurrencies, and DCA is done when you are planning to hold on to the assets for the long term, if you are buying for the short-term, you should go for buying with an amount that you are willing to invest.

There are some traders out there that prefer to trade without a target price, basically if they open a position which has turned out to be incredibly profitable instead of selecting a target price at which they will sell, they simply let the market do its thing and keep moving up their stop loss if the price keeps increasing, now this is not a strategy that works well in ranging markets but when it comes to trending markets this strategy can be incredibly effective.

agreed with this strategy wholeheartedly since I too always considers this strategy and make use of it, i'd just gonna bag some coins if the price reached my target otherwise i don't sweat over the coin
at all, it just easier this way honestly.

Every trader when making a purchase, of course, has a certain target which is used as a reference when he wants to make more sales by setting the selling price on the order list.  this is what I often do if I don't want to get a loss when trading