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

[Eric Cartman]

No, a good idea is buy altcoins in the peak of the pump, right before the crash

[stupid_seb]

No, a good idea is buy altcoins in the peak of the pump, right before the crash

Only if you sell at the bottom (if your stop loss trigger or if you panic sell).

[melted349]

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

Absolutely yes, but it's always depends what coin you want to buy be sure that this is not one of the shitcoin. When I say shitcoin  there are persons manipulated the price to pump then suddenly  sell their coin to those people they can easily fool .

Haha, how to know the altcoin we hold not is shitcoin in future ? Any crypto on market can become to shitcoin if the community of them not using in one day and going to other altcoin. Every things is possible happening, remember that

Yes it is in the nearest future some of that would become shitcoin. And thats a reality that we need to face be positive on all aspects here in bitcoin world because everything here can change rapidly.

[Coinzzz]

No, a good idea is buy altcoins in the peak of the pump, right before the crash

huh wat?

[Globegains]

classic equity trading history shows that buying falling assets is a very bad idea. For crypto alt coins i would say it is even worse idea. Even if coin has any fundamental reason to gain in value (highly doubt about that) it can take ages to recover.
the golden rule of technical analysis is buying only if price action is uptrending and showing higher highs and higher lows.

i think it is a bad idea to buy explosive rallies as well. if you are late in the action it is better to wait for correction and only if price starts to uptrend again buy it at that point.

[Cootie]

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

I agree with him. Its just a bit risky. Aside from it depends on the cause of crash, it is also dependent on the result. If the crash us fixable, then that is an advantage for you, it may cause the market price to increase because they have to show the people that the altcoin is stable and usable again to gain supporters from the crytocurrency world

[akar87]

If crash on altcoin has good prospects, is perfect idea to buy it even as much as you can. However, we must recognize the altcoin itself, lest we buy junk coins. Which is used to gain a moment's profit by developer.

[nakata90]

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

Absolutely yes, but it's always depends what coin you want to buy be sure that this is not one of the shitcoin. When I say shitcoin  there are persons manipulated the price to pump then suddenly  sell their coin to those people they can easily fool .

Haha, how to know the altcoin we hold not is shitcoin in future ? Any crypto on market can become to shitcoin if the community of them not using in one day and going to other altcoin. Every things is possible happening, remember that

Yes it is in the nearest future some of that would become shitcoin. And thats a reality that we need to face be positive on all aspects here in bitcoin world because everything here can change rapidly.

Actually on crypto world, not have definion alive forever as gold or currency in outside. Because the value of them are virtual and set by the community use it, like a community using gems, gold when play MMORPG games and use FIAT for exchange it

[riskthebiscuit]

really depends on the reason for the crash in regards to wanting to buy it up. If the market was depressed like it just was then yes its probably good idea to buy the coin or coins. But if we were in a bull market and it was crashing then I would be pretty hesitant unless the coin had a unique feature which I had faith in that would bring it back to life.

[SL125]

It depends on the fundamentals of the coin. If the coin is good but the crypto market is down, I continue to buy. This worked well for me when Ethereum fell last month.

[TechnoMusic]

It depends which altcoin is crashing down.If bitcoin price is going down and that altcoin also research then that altcoins and if it looks like a good coin then it is good to buy it to make profit.

[entrepmind23]

It would depend on the reason why the coin's value drop. If it's just because a recent pump has happen and then it was dump but it stop in its previous support then maybe it's a good chance to buy. If it seems that it continues to drop for a long time then maybe it would still continue to go down and if you are looking to buy it in short term then its not advisable. There are many factors to look at when buying altcoins not just because the value of it is down then you should buy it.

[itsonlikedonkeykong]

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

Depends on the coin.

Probably include ETH, LTC and the big boys. Same goes for BTC, buy the pullbacks.

[Ahimoth]

Well technically yes, it is good to buy coins when it crash. Like others are seeing this as a opportunity to buy and have a decent profit. But a lot of factors to be consider here, like what's the reason behind that crash and how this coin is behaving in the market before it crash. The uptrend and the downfall of a coin is also must see, like if its recovering quickly when it dumps. Lastly the stability of it when it pumps, like how long it remains in that rate. Therefore, you must analyze first the market.

[sotoshihero]

Yes, its good to buy when its red or dumping and when market recovers, then you are on profit. But take note, please study first the coins you want to buy. There are coins once dumped, they barely recover be vigilant  with this. Just invest in the bluechips like the top coins in coinmarketcap.

[albert11]

Yes off course this well give us more profit. Like happened in Bitcoins fork crashed up to 1,800$ I remeber. Then back it into normal price until we saw the new all time high 3,300$ so if you bouth 1 BTC in 1,800$ price you will earn almost 87% on your investment. but be carefull because there are a risk involved better get much knowledge before buying because some of Altcoins crashed not normal in to other so if you buy then you don't have any research . Maybe that coins dump long tern so you don't any option to sell or to hold with no assurances that they can back again.

[crismass1225]

i think it is case to case basis.... but itis good to buy coins when the market crash... low price coins equal to a week to pump them up by many manipulator and ta dan.... its like what happen on the hardfork in bitcoin... price go's down (maybe because some holders are getting panic) and then after the fork the price back to normal and after a days or a week it increase its price by $3200 ... oh yeah!!!

[YS84]

That’s the way we are normally doing. But sometimes some coins get long time to go up. And some are not recovered at least the price which we brought. They stay at bottom level. Some are up and down regularly. Before you invest money in a coin it is better to do a market survey first. My opinion, if you are thinking on short term profit, buy second category fluctuating coins at cheap price and keep your eyes to sell them when price get high.

[Karmakid]

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 think it all depends on what coin are you referring too. There are different reasons why coins price fall. If it's a shitcoin that's pumped by some dude and decided to let it down the drain, then it's not good to invest into it. And there are some coins that are highly manipulated by people such as ETH, I think this would be a great time to buy. Just check the coin first and read some news about it before doing something.

[Rabi3]

It's a good strategy but it's not successful every time ,so be careful