Is it good idea to buy altcoins when they crash??

[Coinzzz]

Thanks for the reply guys.. greatly appreciated

So what my strategy is buy tons of cheap altcoins mostly the ones who have dropped maximum in 24 hr, rinse and repeat lol.

[RedNovember]

Hello fellow members

I was browsing coinmarketcap and was looking at the most fallen coins of the week... So i saw one at -97% over one week period and was wondering it would be a good idea to invest in it and similer ones cause they are at bottom and almost can't go any more down...

Is this a good idea/strategy??

Btw i am not looking at this as long term investment, just some quick bucks by day trading kinda.

Thankss

Really depends on the coin. There are a bunch of coins that drop 90% but are they good coins? Also look at the volume. Especially when it rises 90% look at volume too and maybe it could be a pump and dump.

Usually the big coins, if they drop like 20% are a good bet because you expect it to recover 20% back soon. Those are usually pretty good

[Coinzzz]

when they crash??

when crash for a reason

Damn I not able to understand this illlustration.
Do you have any more of these or know where I can see such illustrations regarding crypto or trading in general?

These look so sweet and beautiful to look at and easy for brain to consume rather than reading text.

[cryptounicon]

I think its good to look at overall trend, and also examine why the coin is crashing....are the fundamentals of the coin strong....is it pumped&dumped, etc...I have been the victim of some pump of dumps, and learned my lesson....but there is good sales on coins to be had at the current moment.

[aoluain]

I have bought into some alt currencies after a crash, but they have not really risen to pre crash values ....yet.

So yes its obvious to say there are a lot of factors and trends to consider before buying.

[KesoNie]

Yes it is good to buy altcoins when they crash because you will have a great opportunity to buy them for a less or a huge discount from the previous price and that is what most of the investors are waiting so just buy and hold and sell when the price spikes.

[coin-investor]

Hello fellow members

I was browsing coinmarketcap and was looking at the most fallen coins of the week... So i saw one at -97% over one week period and was wondering it would be a good idea to invest in it and similer ones cause they are at bottom and almost can't go any more down...

Is this a good idea/strategy??

Btw i am not looking at this as long term investment, just some quick bucks by day trading kinda.

Thankss

it depends on the kind of project or coin you are investing, if the dev totally left the coin and there's no adoption or continuity of the project coming in, then it's not worth to invest in this kind of project, but if there's updates and the dev is well known then it's a good option to buy and hold.

[Tankdestroyer]

Thanks for the reply guys.. greatly appreciated

So what my strategy is buy tons of cheap altcoins mostly the ones who have dropped maximum in 24 hr, rinse and repeat lol.

That really depends since there is a chance that the coin you will invest in will dump all the way to 1 satoshi and there is also a chance that it would go high again after a month or more. It is like a gamble but always remember to not do the stop loss strategy, which is panic selling because it removes future possible profit. Just hodl and sell when you got nice profits already.

[XbladeX]

Hello fellow members

I was browsing coinmarketcap and was looking at the most fallen coins of the week... So i saw one at -97% over one week period and was wondering it would be a good idea to invest in it and similer ones cause they are at bottom and almost can't go any more down...

Is this a good idea/strategy??

Btw i am not looking at this as long term investment, just some quick bucks by day trading kinda.

Thankss

I belive there reasons for crash are more important becouse if coin turned into full scam there is no need to buy it will never rise in value again
But if you exeriend moves like that BTC jump in price up and alts goes down then you have like 90% chances of bounce back in value.
But bounce back doesn't mean same value. You need lear more about febonacchi IMO

[Butchick]

It actually depends on the coin that's crashing and the reasons behind it. If you can see  that the coin still has a chance to rise after being dumped then i guess its high time to buy such coin. Then again, it still is a risk and you might have to hold on to the coin quite a bit longer than you expect since its not an overnight event.

[Tradegroup]

It is good to buy low, profit is guaranteed. The market will always repair itself. But I would stick to the top 20 coins. Those coins have proven themselfand are safe.

[juicejoyce]

I think the crypto market is a high risk market, as you can see the price can be pumped or dumped heavily. So it is not so easy to say if one coin is crashed and the price is  lowest.

[styca]

As others have said, it depends on why it crashed, how much it crashed, and whether it is fundamentally a good coin.

I managed to buy some waves and some neo at the bottom of the dip, and they have both picked up strongly since. It's not always a good strategy, but in general I think if it's a whole market dip and some high quality coins have fallen hard, it makes sense to buy them.

[Zrs]

yes it is a good idea. but you have to chose a good coin for this. There are many good coin ,when they crashed you can bought them and holding them you can earn profit.I would say buy PTOY,Waves,Nxt etc when they dumped. so crashing is also a good way for making money in crypto world.

[PoorLad]

I often seen coins being valued too high from the start(Founder put up a too high start price). It launches and it crash from the gogo. It then stay dormant for years while it is under development and suddenly it start raising like crazy again.

edit: removed the bad example It was the wrong coin

[gedor]

We cannot say it is always good to buy when they crash but if we look at the history, it is good to buy crashing coins but if they are abandoned coins you should think twice.

[PoorLad]

We cannot say it is always good to buy when they crash but if we look at the history, it is good to buy crashing coins but if they are abandoned coins you should think twice.

Someone once told me to look at the github activity to check if it was abandoned. Is there other ways aswell? Trading volume works to some limited extent

[Coinzzz]

Thanks for the reply guys.. greatly appreciated

So what my strategy is buy tons of cheap altcoins mostly the ones who have dropped maximum in 24 hr, rinse and repeat lol.

Avoid picking them up at Yobit, just a friendly reminder. Any coin that doesn't trade at two or three sites is potentially dangerous.

Hmm I see.. thanks for the tip

[Omegasun]

Thanks for the reply guys.. greatly appreciated

So what my strategy is buy tons of cheap altcoins mostly the ones who have dropped maximum in 24 hr, rinse and repeat lol.

Avoid picking them up at Yobit, just a friendly reminder. Any coin that doesn't trade at two or three sites is potentially dangerous.

Hmm I see.. thanks for the tip

Right it is juat like wasting our money, if we can't afford yet to buy popular alt ,we just save our btc first and provide some additional amount until we were able to buy some in demand alt.

[Cashew]

Yes it is. They nearly all the time recover in the day or the following. Best is of course to buy when everything is red. Then you are assured it will bounce back.