How to know when to BUY?

[Finestream]

It is hard to define at what time are we going to buy some coins that have a potential to grow up immediately, for me if there is a dip price i will go on background check that kind of coins if there is a potential to pump there value at any moment before i buy on it.

For me as long as you buy low and sell high,you will really gain much profit in the end.The previous months were such a perfect time to buy bitcoin since the prices are very cheap and affordable.Today's price might not be considered high,but if you wish to buy bitcoin,just wait for some dips so you can buy them at a low price.

[Marrionbitcoin]

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.

In my opinion, just but today because the price is still lower as compared last year. Also, you need to know your goals in trading. For me, it is better to invest for a long term period of time because it will give you much income in the future. Also, it is better to just invest the money that you can afford to lose. Just buy low and sell high is still the best and effective strategy in trading in digital currency.

[vishudda]

Follow some experts like ohheymatty, Ianbalina groups on telegram and understand the hype coins. After then, complete your own research before investing in any altcoins. These days, many of the ICOs who are raising Millions of millions are turning to be scam. It is very important to complete a research before investing in any of the ICO, as it is not established, we cannot invest on any of the coin just blindly.
I will check the below things before I invest my time and money in any of the Coin:
1. Their team strength
2. Roadmap of the project
3. Marketing strategies in improving the project
4. Market demand on the project they doing it (whether the product they come up with is unique or just copying the existing one)
5. How the support of the team/ are they available anytime- which helps in understanding their customer success, which will be a backbone of the project.
6. Follow the conversations they are doing in their community for few days before purchasing the coins.
7. Recent news about the project
8. Reviews about the project.

[Crypto_4eva]

Another thing I would also recommend is paying attention to media.
Reason I say this is because:

- feedback is important whether positive or negative
- critical reviews by professionals
- using certain things such as telegram, Facebook, Twitter and various other tools play an important roll on how a project is coming along.

Afterwards comes down to your own judgement whether you want to invest or not.

[newcollegestar]

Its very difficult to tell but you should analysis it when coin price is up and down then you buy some coin. but of course there's ways to actually get one but not super accurate but it's worth the risk but of course you can both loose or gain.

There is no specific time to buy bitcoin, because it depends on the need and if you need to invest your money in bitcoin then every time is the right time. Don’t be panic to wait for the right time. The price is growing and it reached almost 9k. If you have money, buy some bitcoin and hold them for some time if you want to make money against your investment.

[Supercrypt]

Another thing I would also recommend is paying attention to media.
Reason I say this is because:

- feedback is important whether positive or negative
- critical reviews by professionals
- using certain things such as telegram, Facebook, Twitter and various other tools play an important roll on how a project is coming along.

Afterwards comes down to your own judgement whether you want to invest or not.

Well, that is if you want to go with the fundamental analysis aspect of trading but I would not recommend just that since you cannot do with it alone to be able to get the best of the market. As far as I am concerned, it still makes more sense making use of technical analysis with your fundamental analysis to be able to make the best decision in your trade.

I really do not always use most of the time fundamental analysis though, and I have been doing hugely well. As long as you have great knowledge on how to analyze the market and do your thing effectively, then I see no reason why you should have a problem at all, no matter your style of trading.

Moreover being a long term holder, I do not worry on where I am buying because all the prices are good to buy and hold when you are targeting millions of dollar value for your bitcoins. This is what exactly I am doing. I am not deciding my buying just by price levels of bitcoins but by the available excess funds for that month.

[d1ceplayer]

Its very difficult to tell but you should analysis it when coin price is up and down then you buy some coin. but of course there's ways to actually get one but not super accurate but it's worth the risk but of course you can both loose or gain.

For this, definitely there is nothing right now that can measure and tell you best time for buying or selling. This is all about your thinking and observation you made over the market. Everything comes with experience so whatever you do in the market, try to grasp best possible analytics over different conditions and situations. Only then you would be able to become a good trader.

[rickadone]

It is hard to define at what time are we going to buy some coins that have a potential to grow up immediately, for me if there is a dip price i will go on background check that kind of coins if there is a potential to pump there value at any moment before i buy on it.

For me as long as you buy low and sell high,you will really gain much profit in the end.The previous months were such a perfect time to buy bitcoin since the prices are very cheap and affordable.Today's price might not be considered high,but if you wish to buy bitcoin,just wait for some dips so you can buy them at a low price.

I am really hoping that is working well for you without the use of some analysis and indicators which I want to believe it is going to be hard to do except if you are the long term trader kind of person and you apparently do not look at the charts most of the time and only to set your sell order.

Still, it is always a good thing to know when to buy or when to sell or when to get out of a market completely to re-fix a new position which only knowledge about analysis can help but without that, it is really going to be more like a gamble.

[fia_naila]

I usually start to bu coin if it is already down at least 40% after its peak. And i dont go all in. I buy only 20% from all my budget for investment. If the coin going down further the i will buy it again 20% more. Until i run out of my amunition or untill the coin bounce back. In crypto world you can start buyin when good coin going down arround 40%

[royalbittinz]

Well, this should help noobs who may want to trade long term and for any one who may want to use this, please try to learn how to use MACD and RSI for divergence, oversold and overbought market.

With that being said, here is how I go about long term trading with the altcoin market. (This should be for those who want to take advantage of the bottom and peaks, not the HODLers).

1. Since it is a large space, you can make use of this site to look for oversold markets (https://rsihunter.com), but please be careful the coins or tokens you choose as not all coins should be traded (that is my own opinion) and in that case you may want to be sure of the coin by trying to check the team, project and idea, before going ahead, except it is a coin or token you are already familiar with. You can search the particular coin market on coinmarketcap.com to get some information such as website, history and stuff.

2. Also, you should consider time frame that suits you best, but for long term and this pattern, 4hr and daily time frame is perfect. You can make that decision after trying both time frames on your first few trades.

3. Do not rush to buy even after a market is oversold. Forget about the short and quick pull backs which is why for a beginner, I would actually advise you get use to the daily charts before even going lower. Monitor the market, turn on your RSI and MACD indicators (in this case I want to believe you have learned how to use them - there is a lot of resources online to make use of, just search for how to detect divergence on MACD most especially). RSI can also be used for some sort of divergence, but to know if a market is overbought is when the line is above 80, oversold is when it is below 20, depending on your settings. I love using RSI length 8 for some reasons, but the default is 14 and that should be good enough.

4. Now, this is the tricky part but not that hard. When the candles keep going down and the MACD are moving up, that is a divergence and some accumulations already going on. To be in a good position, you may also want to learn price action with the candles, and in this case watch out for those bullish candles. In some cases, you can actually see the market going sideways, that can make it easy, but watch out, just in case you see some break down below historical supports (I forgot, you should learn support and resistance as well).

5. Now, assuming all things have worked pretty fine, as mentioned above, just have patience and wait for it. Now, buying is easy, but selling is another hard part. Firstly, never get greedy, as you can just stick to a certain percentage and if you are lucky to have that, then fine. However, the same way you watched out for the bullish divergence to buy in, you can also watchout for bearish divergence or once you see FOMO and an overbought market on the RSI, sell and be happy with the profit you have made. Sometimes, the market may move up the more, but remember, greed is what has led most traders into losing what they have gained. So, look for other potential markets or wait for another dip.

6. To add to number 5, you can also use price action on the candles to know when a price is being rejected. However, I would advise you to always sell bit by bit as long as the value is becoming too good to be true. At least, get out your initial investment, when you have reached a stage, and then play with the rest.

I really tried as much as possible summarizing this but not easy. I have given enough clue, so do not rush, learn how to use some of those indicators, be sure you know what you are doing, and this should be a safe way for anyone who wants to trade. I hope I did not end up confusing anyone the more.

Cheers on your journey as a trader.

Thanks for post... Well informed, I have to bookmark this future reference.

[tanghere02]

Yes you are on the right track, the only thing that you're missing is your experience. Because even if you have read all the pros and cons on when to buy, how to buy or at what exchange site to buy the only thing that will make you a good trader is through your experience. Even those who traded a couple of years already would tell you the same thing.

[BUK2016]

I don't think you need much advice before you know when to buy or when to sell because if you know how to study bitcoin chat you should be able to know when to buy and probably when to sell.  And if you dot have such knowledge I think babypipschool.com will of great help.

[worle1bm]

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.

The coin in which you want to invest you must keep a regular monitoring over the project and make market analysis about that coin and know whether whales are trying to manipulate the prices by creating pump and dump situation in market.You should check the latest news about coin in the market which will effect the prices.The team must be sound and objective should be unique.If everything seems normal and good then invest without any hesitation in that ICO and hodl the alt until your profits are cashed out.

[Manchumichael]

I don't think you need much advice before you know when to buy or when to sell because if you know how to study bitcoin chat you should be able to know when to buy and probably when to sell.  And if you dot have such knowledge I think babypipschool.com will of great help.

Yes it is a universal concept buy at low and sell at high. you must know the all coins history and check the price chart based on this predict which is the best price to buy and make one target when to sell just follow that method that's it. everyone has there own plans based on that they will buy and sell.

[Findingnemo]

I usually start to bu coin if it is already down at least 40% after its peak. And i dont go all in. I buy only 20% from all my budget for investment. If the coin going down further the i will buy it again 20% more. Until i run out of my amunition or untill the coin bounce back. In crypto world you can start buyin when good coin going down arround 40%

I don’t believe in strategy and pre charts so I think it will be just small predictable thing but crypto currency are not in our hands and it will not predictable so it will be your choice.

[4abrec]

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.

This is not enough for good trading and especially for buying a coin. It is necessary to study the project and product of the project well, then to show intention to buy.

[bosimpson54]

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 think that at this point you can start buying bitcoin, you can see that today's bitcoin prices have had a huge correction since they moved from $ 9800 to $ 8700, correcting more than $ 1000 and the current time is a slight recovery. I believe that bitcoins will continue to increase in the coming days as there are signs of a strong recovery when it is at $ 9100.

[shield132]

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.

A lot of factor playes major role and if anyone commented here to consider this and this and you'll find great time, then they are lying.
Let me explain: When bitcoin's price rises, rises and you somehow discovered it now, you may buy it because want to enter in game as soon as possible, however it started fall immediately so you lose. It's rise and fall happens in hours sometimes and percent here is very high.
Bitcoin isn't so predictable, it's even least predictable. It would be easy for litecoin - it follows bitcoin's price usually  You have to kill emotions in a very long term to turn any time into great opportunity (I mean holding).

[yohaneshs]

You must analyze chart in the crypto market, technically like a forex to know how good trend and look a support resistance point. News is very important so always up to date news about bitcoin and cryptocurrencies.

[SkvorNyc777]

If market is still below 1 trillion, then it's a decent timing to buy something and it still has at least x2 potential to grow.