How to know when to BUY?

[yesss]

Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;

• Check the coinmarketcap.com and choose ones with high volume
• Check the projects
• Check the chart, if it is pumped, don't buy, wait
• Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me

I will try to give merits to good posts as much as I can.

Thanks.

Bitcoin has just hit a strong fall and broke the $ 7900 level and will return to the downtrend. According to analysts, bitcoin prices will probably continue to fall and will reach $ 7,700 so you can wait until then to buy bitcoin. Currently bitcoin is back and recheck the $ 7900 may be after the test will fall deeper.

[1714890710]

1714890710

[Bagaji]

One would need to consider so many factors before start buy or investing money in altcoins such as the team behind the project, the technology and above all the impacts on the people and society at large.

[Biscutard]

One would need to consider so many factors before start buy or investing money in altcoins such as the team behind the project, the technology and above all the impacts on the people and society at large.

Yes, i would agree with you on that OP should consider the work of the team and their product of the project because by doing this he is just plainly helping the community and those team also to reach their dreams. And i will agree on the list of OP he's totally helping those who doesn't know how to trade yet.

[metenjean]

- Snip -

I would like to say, it's a smart thinking all about. What do you want to know. It might be helpful to you and others. Moreover you should to practice to do know well.[/list][/list]

I'm sorry mate, i don't know what you're talking about. What i want to know and what pratice do you mean?

We either buy when the market is down or we buy in bulk. The reason is that when the market is red, the purchasing power of the money we have is more and we can buy more goods and servises that we could before. Secondly, even if the market is not down, if you purchase in bulk, your average cost is redused as a result of which you spend less than you would have spent if the amount of the goods bought were not huge.

This is an example of why i said that many investor tend to buy when the uptrend already over and considered a new dowtrend as a corrections, you should differ your point of view when the market is down. A correction has different meaning with a trend switch. You should upgrade your trading knowledge using either technical analysis or fundamental to gain a new reason to buy or sell. Buying in bulk when the price is cheap will surely upgrade your quantity of coins however if the price keep decreasing then you won't have enough money to do another buyback while maintaining your losses. Therefore all you can do is doing what most common investor do, waiting and hope someday the price will reach your initial buying price.

[hurry_hore]

Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;

• Check the coinmarketcap.com and choose ones with high volume
• Check the projects
• Check the chart, if it is pumped, don't buy, wait
• Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me

I will try to give merits to good posts as much as I can.

Thanks.

I agree with some of your idea such as checking volume and the project. There are several additional idea from me:
1. If altcoin is in ICO position, check the project profile including the roadmap, project team core and advisors about their expertise, experience and capabilities, and also the benefit provided to people. If understood that the services will be demanded by lot of people, this project has good prospective.
2. If altcoin has finished the ICO means the project is running and the coins had been distributed, then below to be checked:
   a. Do technical analysis covering: seeing the chart including sufficient indicators such as Moving Average, stochastic, volume, etc.
   b. Do fundamental analysis covering: search current progress of the project achieved by team, seek the information about global news specially bitcoin and other crypto as a whole, and also check current opinion of people to the altcoin targeted.

Those above are general idea when we should buy and also sell our crypto.

[Supercrypt]

-snip

Wow.... You really deserve applaud for even taking your time to state all these, no matter how long it looks, it is resourceful and informative. This is more like the summary of how I trade altcoins for the long term and this would really help anyone who is actually ready to learn. To add to this, I would say sticking to the 24 hour (daily) candle is always the best, but no one should expect a huge increase quickly as all these takes time for those looking forward to a bull market.

Most times, you may need to wait a long time to get the best result, but that is the idea of long term trading anyway.  You have really explained almost everything to make any one start trading long term easily. Good one bro!

By the way, the OP has stated enough as well and how to check the coins to buy so as not to end up bag holding shit coins, but I would like to add the Ichimoku cloud strategy to what haroldtee has stated. Ichimoku cloud has always been good to trade markets that are changing trends easily. I cannot start giving all the details as it would require some graphical representation, but there are lots of articles online to help anyone to trade this strategy for both short and long term.

[dynospytan]

Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;

• Check the coinmarketcap.com and choose ones with high volume
• Check the projects
• Check the chart, if it is pumped, don't buy, wait
• Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me

I will try to give merits to good posts as much as I can.

Thanks.

We all know that we are still experiencing the blood bath in digital crypto currency and for me I think it is the best opportunity to invest in crypto. But it is still depends upon on you. The best way to know when to buy is having a target price. It would be a big help for you to decide if when are you going to buy. Actually, I never use my own money to invest in digital crypto but I use this strategy when I am selling all the coins that I am holding. I swear that this strategy is good whether you are a beginner or not.

[el kaka22]

Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;

• Check the coinmarketcap.com and choose ones with high volume
• Check the projects
• Check the chart, if it is pumped, don't buy, wait
• Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me

Since you are already truthful to yourself that you do not have any idea of trading, the best thing is for you to hold. Trading is better for sure as you can use the fluctuations to make some pretty good profit, but you will not be making any profit if you do not know how to trade, and with the market being always faster most of the time, and with the way the alts always respond to dumps, you may end up not having a good decision making technique for your trade. Since you are eager to learn, there are so many resources online you can make use of and that would help you.

[jrrsparkles]

- Snip -

I would like to say, it's a smart thinking all about. What do you want to know. It might be helpful to you and others. Moreover you should to practice to do know well.[/list][/list]

I'm sorry mate, i don't know what you're talking about. What i want to know and what pratice do you mean?

Practice means experience I think,but there is no definite way available when to invest on crypto currencies we just have to make our own decision,that is why people saying crypto currency investment is risky.But if we are going to hold that coin in long term then current price is the best you can get huge amount of profit if he can hold more than one year.

[tesla80]

I don't want to hold, I want to trade, I want to have good strategy knowledge

So please share your knowledge, for example current bitcoin chart has low volatility, only a whale bought some bitcoin and lifted the chart up, but except him, it is a straight line which means it is ready to go up according to my knowledge. Is it true or there are other signs that is won't go up?

How to read charts correctly? I know the news are important but ignore it for now.

[Bayoe_noe]

if you can analyze, analyze the market you use for trading then you can buy the coins you want to buy. but if not, you could just use your feeling and see the coin that is going down drastically, then you can buy it.

[fasdorcas]

if you can analyze, analyze the market you use for trading then you can buy the coins you want to buy. but if not, you could just use your feeling and see the coin that is going down drastically, then you can buy it.

For this, you must have known the better and best features of the coins that you are investing or trading in. you must be knowing as well the ups and downs of your coin, how they propagate and how they behave in different situations. If these basic information is in your mind, then you can know it better that what to buy and when to buy and when to sell as well. Learn first and then practice.

[bitbunnny]

I think that the logic is prety much clear. You buy Bitcoin at the phase when the price is falling, when the market is in red. Depends also how much funds in what period you have available but to my opinion it's good to have some funds alocated for such situations to use the opportunity to react when the price is low.

[nakamura12]

Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;

• Check the coinmarketcap.com and choose ones with high volume
• Check the projects
• Check the chart, if it is pumped, don't buy, wait
• Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me

I will try to give merits to good posts as much as I can.

Thanks.

All your list of what to do when you trade is all correct. At some point if you want to be a trader then it means that you're doing a short term type. Some prefer holding but holding is for long term and short term but since you are a trader it will depend on you if you want long term or short term. Both long term and short had risk of losing profit but it is another experience of trading. Just be careful because there are scammer waiting for their chance to fool someone and steal their profits. About checking the project you mention you should also check the background, knowledge of cryptocurrency, purpose of their project and their experience in their own skills of each members and the developers in the project especially the founder unless you already know the information of every member in a certain project so that the risk of losing profit will be lessen and earning profit may be more that you have.

[btcrich2020]

For buying, we have to consider many calculations and chart reading because we have to check the previous price of the coin because if we buy them at the high value, we have to wait long to sell them in the market. So it always good to check their previous high price and previous low.

[valera10]

Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;

• Check the coinmarketcap.com and choose ones with high volume
• Check the projects
• Check the chart, if it is pumped, don't buy, wait
• Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me

I will try to give merits to good posts as much as I can.

Thanks.

First of all you need to know what kind of coin it is. It is necessary to study the project well, the project team, also the project product. Much depends on it.

[cheezcarls]

If I were to be asked with that question, I would likely say that the good time to buy is that when the price is low, or when the orice was high but was lowered due to the market crash. Based on what I have analyzed in the charts, it seems most of the first quarter every year is where we experience the bearish market, so I believe it is a good time to buy them at lower prices and wait until the market explodes again after the April tax deadline.

Just my two satoshis.

[tesla80]

First of all you need to know what kind of coin it is. It is necessary to study the project well, the project team, also the project product. Much depends on it.

Sorry but I didn't understand your thoughts, what really depends in the chart? Lets say all my coins are good projects, all my coins have good volume and big followers etc.
I'm actually asking technically when to BUY?
Of course when there are bad news about given coin this is another story. The news are a bit off the topic for my questions, I'm aware of following the news is important.

[squatz1]

You'll never know when to buy, you're never going to be able to know when the market is going to swing one way or the other -- if you did you wouldn't be posting here and you'd be out making massive amounts of money. People wish they knew how to do this, but NO ONE KNOWS, warren buffet also doesn't know folks!

Just buy, even with traditional investments, time is always your friend.

[Harper6]

Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;

• Check the coinmarketcap.com and choose ones with high volume
• Check the projects
• Check the chart, if it is pumped, don't buy, wait
• Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me

I will try to give merits to good posts as much as I can.

Thanks.

First of all you need to know what kind of coin it is. It is necessary to study the project well, the project team, also the project product. Much depends on it.

Try the bitcoin only not any other coin at all the best one is one and only bitcoin, gradually bitcoin is improving and it is getting high amount of profit, there are thousands of people who want to sell bitcoin so you can get from them, bitcoin can be bought any time but today is the best time to buy bitcoin, buy right now and hold for the long time so you will be able to get profit at the end, don’t get any late now bitcoin is best choice to be invest right now as price is really good and affordable but after couple of months price will be bigger so don’t wait any more and invest as much you can invest.