cryptounicorn
Newbie
Offline
Activity: 164
Merit: 0
|
|
September 12, 2018, 07:12:52 AM |
|
Buying low is a job that requires anyone to analyze extremely high, careful and may be one of the key points for us to make a profit in this market.
Agree with you, but this strategy has also biggest risks as well. I mean after the low may be another low. Some traders catch corrections trying to buy low but the price develops the downtrend. That's the point.
|
|
|
|
cryptounicorn
Newbie
Offline
Activity: 164
Merit: 0
|
|
September 12, 2018, 07:17:20 AM |
|
Nice strategy buying lows and selling highs. However, you need to have a strategy at least to understand where lows and highs are, support and resistance levels at least and work with multiple TFs in order to seehow the price is moving withing different time periods. This is a bit harder than just buying dips and selling highs:)
At times, when the price is low, it fluctuates a lot and this bothers the investors because they always prefer to invest in an asset that has a stable market price. Keeping aside the stability and price of Bitcoin and other coins, it is a good strategy to invest when they have low price because this strategy rise the margin of profit that could be earned in the course of business. Keeping it a long term proves a lot better than the short term. Stable market price? Well, I think those investors are better to buy major fiat currency pairs like EUR/USD or GBP/USD as they are of high liquidity and have less volatility for those reasons. Forex market's turnover is higher than 5 trln USD per day. Cryptomarket's turnover is much lower. So we need to pay attention to this and hold this idea in our minds before taking any further step.
|
|
|
|
Angela28
Newbie
Offline
Activity: 168
Merit: 0
|
|
September 12, 2018, 07:41:27 AM |
|
You are lucky when you buy at low prices and you buy at higher prices so you will earn a profit from your trading altcoin prices.
|
|
|
|
logicgate
|
|
September 13, 2018, 05:55:38 PM |
|
This is what everyone knows. But to do this is not easy. You need to have the knowledge and grasp the psychology of the investor you can make a lot of profits.
The current market price of Bitcoin has declined today and I do not think so to sell in the current market because it may hurt you or you may have a small profit here but this is something out of mind if you sell for small profit. You can think for a decision to buy more at this stage as Bitcoin has shown its availability on low price and you will get it cheap as compared to its own average price it is in its cheaper stage. Most of the traders are waiting for high market to sell out for maximum profit and they are waiting for long time as the market price took a long time to recover but has not recovered yet. However we can wait some more time for we are here to get huge profit and this will happen once in this long term trading with the Bitcoin. This market will shift into high value market only if the demand rate increases in the upcoming days.
|
|
|
|
1NV3ST0NM3
|
|
September 13, 2018, 06:13:48 PM |
|
So I have seen Coinbase is the main "source" for buying/selling BTC, but I was wondering if anyone has used the method of converting bitcoin to another currency when it reaches a high point, then converting it back to BTC when it is low enough.
If so, what wallet(s), exchanges, etc. are you using? And more specifically, what crypto do you recommend converting BTC to, in this situation?
Any help is appreciated!
Yes I think this is quite a common strategy used by many people in the cryptocurrency market. in this you invest in the market when the prices are the least and then liquidate the investments when the prices are highest. This is easy strategy but the toughest part is to predict that when the price would be least and when the price would be highest. This creates panic when after buying, the prices decreases further.
|
|
|
|
spartanrules
|
|
September 13, 2018, 06:48:07 PM |
|
Right now I think it is better only to sell, when certain asset is already has pumped. Personally I am not going to buy anything now, I only trade through marginal trading and open shorts.
|
|
|
|
Borisov
Member
Offline
Activity: 336
Merit: 10
|
|
September 13, 2018, 07:09:25 PM |
|
In my opinion, the most adequate and safe strategy, now just buy and do not trade, unless of course there were free funds. The market is very unpredictable, and the chance of a reversal is growing every day!
|
|
|
|
kemetz
|
|
September 13, 2018, 07:24:29 PM |
|
personally I have never used the this method and every time I make an investment to buy it with money, I think for now it is not necessary to use this method because the price of bitcoin is already very low, if you have saved another coin and want to buy bitcoin you should buy it with other capital and keep other coins that you already have. but if you want to convert bitcoin to another coin, I suggest choosing a potential altcoin like ETH, BCH and ADA. in my opinion these coins have a good future for growth in value.
|
|
|
|
The_Dark_Knight
|
|
September 22, 2018, 02:53:02 AM |
|
In my opinion, the most adequate and safe strategy, now just buy and do not trade, unless of course there were free funds. The market is very unpredictable, and the chance of a reversal is growing every day!
Holding your coins is without a doubt the safest path and it's one that is going to give a lot of profits if you hold your coins for long enough, but if you really want to make a lot of money in this market you will have to take a huge risk and begin to trade, that is the only way to get as rich as many people want unfortunately for many of them the only outcome that they would get is to lose all their money.
|
|
|
|
prashanta
Copper Member
Sr. Member
Offline
Activity: 728
Merit: 250
|
|
September 22, 2018, 04:04:58 AM |
|
however you furthermore may have to apprehend it is not as smooth as t sounds. this is a marketplace and if the complete approach you have is to buy low and promote excessive, you may virtually discover yourself buying high and panicking to sell low if care is not taken. The marketplace is very volatile and you will need a number of understanding and precept to do properly inside the market and maximum specially for daytrading.
|
|
|
|
hotshotofficial
Newbie
Offline
Activity: 22
Merit: 0
|
|
September 22, 2018, 07:27:48 AM |
|
but coinbase take too much fees
|
|
|
|
filtyfrank251
Member
Offline
Activity: 364
Merit: 10
The Exchange for EOS Community
|
|
September 22, 2018, 09:00:13 AM |
|
In my opinion, the most adequate and safe strategy, now just buy and do not trade, unless of course there were free funds. The market is very unpredictable, and the chance of a reversal is growing every day!
Not to rise, in my opinion the market will soon recover strongly, so I think we wait patiently, sometimes the market will go up, now is the time to buy and store
|
|
|
|
maometano
Jr. Member
Offline
Activity: 268
Merit: 1
|
|
September 22, 2018, 09:31:17 AM |
|
In my opinion, the most adequate and safe strategy, now just buy and do not trade, unless of course there were free funds. The market is very unpredictable, and the chance of a reversal is growing every day!
Not to rise, in my opinion the market will soon recover strongly, so I think we wait patiently, sometimes the market will go up, now is the time to buy and store the market is recovering, of course, this is sure to happen, but right when we all don't know for sure, we can only hope that in the near future the market can recover and stabilize. things that can be done now have to wait patiently and return to buy coins that we have invested in low prices so that the portfolio does not go down very low.
|
|
|
|
Btc Specialist
Newbie
Offline
Activity: 50
Merit: 0
|
|
September 22, 2018, 09:45:53 AM |
|
This is the great business buy low sell high.If you want to do this then you buy more bitcoin when price is low and hold the bitcoins for high price.When price will be high then you sell.
|
|
|
|
arafat222
Jr. Member
Offline
Activity: 157
Merit: 1
|
|
September 22, 2018, 09:48:22 AM |
|
In my opinion if you want to trading then exchange is good way for use Bitcoin. You can buy and sell in exchange and if you can trade then you can make profit. In exchange you can buy coin low rate and sell coin high rate
|
|
|
|
goodluck0319
|
|
September 24, 2018, 06:37:12 AM |
|
this is called arbitrage, you need to look for a fraction of the difference in order to make a profit and you need thousands of such transactions to make the profit was tangible
|
|
|
|
mriansa
|
|
September 24, 2018, 07:24:09 AM |
|
Yes, you really should be the movement of traders who do is buy cheap and sell it when the price goes up or when the price has become very expensive, do not let you do the worst, do not let you buy expensive and sell cheap because it will make you lose.
|
|
|
|
matej451
Member
Offline
Activity: 203
Merit: 14
|
|
September 24, 2018, 07:31:24 AM |
|
That is a basic idea of trading. But knowing when is high and when low that is different story. If you see high/low touching same level 3 times there is no guaranty that 4th time high/low will be same level. If it would be that easy we all be a millionaire.
To know how to trade you need experience and lots of practice.
Otherwise for converting BTC to other token/coin - you can do this on every crypto exchange. I advice you to use the big ones like binance, kucoin, coinex...
Always check the exchange requirements. Some have min. deposit and min withdraw or you'll lose you money.
|
|
|
|
hawkins
|
|
September 24, 2018, 07:41:18 AM |
|
Yes, you really should be the movement of traders who do is buy cheap and sell it when the price goes up or when the price has become very expensive, do not let you do the worst, do not let you buy expensive and sell cheap because it will make you lose.
I think buying at a low price, and selling it at a price that is quite attractive is the basis of trading. Well, many people want to use things like this in different markets. but it's more difficult to do it than make a strategy.
|
|
|
|
naily
Member
Offline
Activity: 350
Merit: 10
|
|
October 05, 2018, 02:46:56 AM |
|
You can buy when the price is low and when prices fall and sell when it rises again and you must be able to do this method to be able to get a lot of profit
|
|
|
|
|