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

[Coinzzz]

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

[Gatotare]

it depends why they crashing i think..if normal market down and that altcoin also dump yeah you can buy it

[bobo012]

It is usually good when everything is crashing like we saw before hardfork of bitcoin.
Thats market behaving irrationaly. It is not because fundamentals of an altcoin have changed.
In those situations its a definitive buy

[xbiv2]

when they crash??

when crash for a reason

[Herbert2020]

it depends on the coin and why it crashed.

sometimes it is a shitcoin that pumpers pumped from 1 satoshi to 100 and now they are leaving and it will continue down the tube.

sometimes it is a heavily manipulated coin like ethereum that people are dumping and the manipulators are waiting to start pumping it again as soon as it reached bottom.

sometimes it is a silly panic sell or a correction where people see the top and the little come back from it and start pushing the big red buttons saying "sell sell sell..."

in the first 1 of course you should stay away. but in the other two if you can find that bottom where dumping stops or is becoming very slow, it is a good idea to buy and keep your eyes open afterwards to sell fast to get that short term profit you are looking for.
beware that it is easier said than done

[e-coinomist]

It is usually good when everything is crashing like we saw before hardfork of bitcoin.
Thats market behaving irrationaly. It is not because fundamentals of an altcoin have changed.
In those situations its a definitive buy

Just -97% isn't that a bit to much? Almost total portfolio anihilation, as if their chain forked or coin got delisted from major trade sites.

The old rule "the trend is your friend" still applies. If all traders going one direction the revenue originates from over there.
Swimming against the stream you can do until all dry powder has run out finally. "Catching the falling knife" and stuff.
Those sayings didn't developped in a whim.

[Idrisu]

The best time to buy and altcoin and make profit is when it is at the accumulated circles of the trading angle. When coins clash or dump? Opportunities are provided to buy them at the discount or cheap price. I have reviewed most of the coins in the market and one thing I have find out is that people that really make it in cryptocurrency are those that buy at cheap price and sell at higher price.

[TinaK]

before buy crashed coins, you should know the coin if it contorled by the founder? if No, the you should consider how the liquity of the coin, how many exchange could you trade it?

[Koloulinger]

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

only good coin, popular coin with good volume transcation after crash and down is good to buy
if coin not popular volume transaction is very low, maybe after crash down price never back again

[StealthCoin1]

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 if coin have legit team chance is good to buy. most altcoins are just pure scam which mean the dev can't do the coding, just promises then disappeared over time and you can't never recouping your lose.

[ThomasV80]

I am actually not a trader, but I have ever knew from a friend who trader, if you buy a coin that is crashing / down the price, do not buy with all the money, but buy in partial.

[affandi]

Here is one of my trading strategies, see one altcoin that falls especially within 1 week. I think this is the right time to buy it. But we need to check it first, how long has altcoin there is a market, then see the inventory, whether the last dump price still makes sense. If the dumper is not fair, then quickly we buy the altcoin. This does not apply for the long term.

[pkdas]

it's depends in the coin condition,when you think it is fallen it maybe it's normal after the pump..so you have to be very very careful about the strategy.

[mmhaimhai]

A trader tgeach me that I should buy altcoins during their dump time but pay attention on its previous price as well so i could decide well and think if the dump's reason is necessary, if it is then go buy if not then go away. I am still a beginner when it comes to trading altcoinsbut I think what that trader thought me is so so effective since my portfolio is growing day by day not so fast but contented on it.

[helloge]

It is hard to say. My advice is trying to know the reason why it is crashed. You should try to vertify the news, instead of hearing from others. Then keep in touch with the dev team and I think you will know if you can buy it.

[spngebob]

If coin has constant down line then it's better to avoid it, maybe coin was pumped and dumped. If coin have usual up and down then it's ok to buy it. Or maybe developers abandon coin? There are lots of factors which you have to look at, it's not just one, don't buy coin just because it lost its value.

[pey]

It completely depends on the reason for crash, if the reason does not matter much, buying it would be a smart decision.

[BitcoinHodler]

it is a high risk move but it can work.
and you can easily know the answer to your question you know.
just go look at the history of all altcoins so far, check their charts for big dumps when they drop drastically in a short period of time then see what happens afterwards and how much (if at all) they come back after the crash. then study multiple of these scenarios to see what happened and why. then you can get a good feeling of the market and make a better informed decision.

[TeamButtcoin]

Yes it'a a good idea but you have to be sure the price will rise again , if not you buy them for nothing and it will be intelligent if you can buy them for a lower price and you buy a lot , and after the price rise you can sell them .

[RVRovin]

It is...until it isn't.

You never know what the future may hold!