ife2020 (OP)
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February 24, 2020, 07:32:51 AM |
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Basic things happen, the tokens perish.
There is a need for investors to always wary and do more research when it comes to buying the bottom.
The typical example that comes to mind, is the STQ, several people got on the token and bought the bottom, it was shocking because i kept asking myself, who were going to buy the pump.
I guess we all know the end of STQ token ?
Always dyor and be extra cautious when buying the bottom, crypto currency investment is indeed a risk but there are avoidable losses.
I am very much open to other suggestions
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ansi
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February 24, 2020, 04:02:16 PM |
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If you're referring to Storiqa by STQ then it's not need to ask about it. It shit / SCAM project since day one, YEAH i invested in it too when i was noob.
Another important golden rule about that bullshit of " buying the dip, buy it while so cheap, bla bla ba ", that doesn't mean it will go up again, not necessarily.
STQ is a dead coin since day one unfortunately, no team, nothing ... just plain bullshit scam project.
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ife2020 (OP)
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Are you kind to your neighbor? Think it through
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February 24, 2020, 04:15:10 PM |
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If you're referring to Storiqa by STQ then it's not need to ask about it. It shit / SCAM project since day one, YEAH i invested in it too when i was noob.
Another important golden rule about that bullshit of " buying the dip, buy it while so cheap, bla bla ba ", that doesn't mean it will go up again, not necessarily.
STQ is a dead coin since day one unfortunately, no team, nothing ... just plain bullshit scam project.
Yes you are right about stq been scam project. I was referencing how so many peoples rushed to buy the bottom of the tokens as if it was angels that's gonna pump it lol. Honestly, we all have to avoid unnecessary risks
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wozzek23
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February 24, 2020, 05:38:11 PM |
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There will be no meaning of buying at the bottom when the reasons which caused that coin to hit bottom have not been resolved yet. Hope you are getting my point. I mean to say if a coin is set to dump for some reasons then we must ignore that coin rather than buying at bottom. Because, it is very much similar to catching a falling knife. A real potential coin will not get dumped up to the bottom for no reason. Only there will be no scope for a coin then it will get dumped.
Obviously, when more people are buying (at the any price levels regardless of it will be bottom are not) then definitely it will get pumped and it will set new ATH too. But, the point is how you will convince everyone to buy regardless of it is already hitting bottom as per your scenario?
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tabas
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February 24, 2020, 05:53:44 PM |
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Buying the bottom isn't always like you are expecting. If the chosen coin you have bought the bottom is bitcoin, it's a bonus for you because everybody aims to buy at its lowest. But if the set of choices you are buying at the bottom are the unwanted altcoins, you're doing the wrong thing. Always dyor and be extra cautious when buying the bottom, crypto currency investment is indeed a risk but there are avoidable losses.
This is a correct advice. DYOR and before buying, do it with caution if its with altcoins.
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Mpamaegbu
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February 24, 2020, 06:00:36 PM |
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The truth is that no one truly knows where the bottom is. We only get to find that out from hindsight. This is just a pointer that in business people profit and people lose. Someone has to dump for others to buy. I have a couple of dumped coin s am holding too and waiting fora miracle and resurgence to happen to them. Who knows what miracle can happen. Never say never.
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kindbtc
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February 24, 2020, 09:25:10 PM |
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It is really disappointing to see peopel falling for such low quality projects just because of fake hype and fomo by the project teams just to attract more and more funds, storiqa never came up with a practical platform so the people behind this project were successful in luring people to invest, now another project called swuft has announced merger with stq and stq holders can swap to swyft token now but the ratio is very low for example of you had 1 eth equivalent stq tokens from around their tokensale time then if you now swap for swyft tokens you are going to get less than 0.01 eth value for same which is very small.
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cytpoway121
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February 24, 2020, 10:21:26 PM |
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Ideally, except the token is a very big product with large expectations and great team. Why would anyone rush to buy a coin at the bottom.
To me, a coin at the bottom is literally a token trading at 1 sat and nearer to zero buyers.
Such projects fades away, unless it gets pumps by big whales (usually does not happen)
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Jeremy Franklin
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February 24, 2020, 11:07:26 PM |
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If everyone tries to buy the bottom, there will be no bottom anymore. What kind of question is that? It actually makes absolutely no sense, lol!
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Rengga Jati
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February 24, 2020, 11:51:24 PM |
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Storiqa (STQ) is only one of the coins heading to the end, I mean dead coin. This project offered a well-packaging project at that moment so that many investors were attracted and trusted in this coin. Yeah, after its first coming, this could ensure us about how this coin works and how the platform works. However, now this coin is heading to end. After a pretty long trip, this coin is really heading to the end. It is only about $0.000020 USD with an unknown volume in 24 hours. Does it mean that nobody trades this coin? I was referencing how so many peoples rushed to buy the bottom of the tokens as if it was angels that's gonna pump it lol. Honestly, we all have to avoid unnecessary risks
Some people are only following the hype and unfortunately, this coin also has many exchanges listing so that many more people can trade this in many more spaces. Yeah, this is always too risky about cryptocurrencies, moreover referring to the coins or projects that really offer uncertain concepts with very high expectations but less power and struggle. STQ can be one of the lessons for us, fortunately, I have sold the STQ from bounty for the first time getting it, so relieved. Briefly, buying coins at the bottom is not necessarily always bad. This, of course, depends on several important things. True to your words, we must conduct careful and smart research to ensure that the coin at the bottom has a great opportunity to be able to progress and increase its price. This can be seen from various sides: - Trading volume every time, whether it is setback or not - Statistical data based on charts in the market - The development of how the team manages and monitors the coin; if the team doesn't care then it's better not to be chosen - As well as the concept of the coin, whether it has a real use case value or not.
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leowonderful
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February 25, 2020, 01:07:07 AM |
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'Everybody' seemingly buying or selling at any price point, not just the 'bottom', is usually pretty worrying sign, and sometimes one that a strong trend's about to end. There's really no way to know how many people are buying or selling at a particular time and when a coin's at a top or bottom while you're in the present, though. I suppose you could get an (extremely) rough idea of what people are doing in regards to trading the crypto you're looking at through Twitter, Reddit or this forum, but that's still not even close to being big enough of a sample size to be correct.
Seems like a pretty simple thing to do, but it's really not. The markets are extremely unpredictable and you'll never always be right. Patterns are broken all the time despite peoples' expectations and sometimes with peoples' expectations.
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Furryball
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February 25, 2020, 05:35:54 AM |
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Basic things happen, the tokens perish.
There is a need for investors to always wary and do more research when it comes to buying the bottom.
The typical example that comes to mind, is the STQ, several people got on the token and bought the bottom, it was shocking because i kept asking myself, who were going to buy the pump.
I guess we all know the end of STQ token ?
Always dyor and be extra cautious when buying the bottom, crypto currency investment is indeed a risk but there are avoidable losses.
I am very much open to other suggestions
I don't know about this STQ project but one till is certain, if a coin lacks real use case no one will want to buy even if price rise up, what matters is the usefulness of the token or coin and things will go smoothly
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Davian144
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February 25, 2020, 05:52:03 AM |
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If everyone tries to buy the bottom, there will be no bottom anymore. What kind of question is that? It actually makes absolutely no sense, lol!
If a question like that doesn't make sense, you try to ask in a way that makes sense here, because all those questions have answers, although sometimes we respond or judge them unreasonably.
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minairia3
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February 25, 2020, 08:21:53 AM |
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I mean to say if a coin is set to dump for some reasons then we must ignore that coin rather than buying at bottom. Because, it is very much similar to catching a falling knife. A real potential coin will not get dumped up to the bottom for no reason. Only there will be no scope for a coin then it will get dumped.
Sometime you must use psychological aspect in here. People always do what is the vice versa. For example, coin is dumping, people tend to ignore it rather than buying. But when a great news make the coin pump, then thats where they will decide to buy then if it got dumped they will complained and see how shit the coin was. This is reality and most investors are always like this. STQ is a dead coin since day one unfortunately, no team, nothing ... just plain bullshit scam project.
Ive seen how this coin has been dump when trading starts and even whales trying to pump this but developers are pretty obvious that doesnt care with its development at that moment you will know that this is a pumo and dump coin.
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Winscosinally
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February 25, 2020, 08:22:06 AM |
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It's good to always buy the bottom especially when a project is down 50 to 70% like many altcoin did few months ago, its a very good way of making profit unless you choose the bad altcoins
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michellee
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February 25, 2020, 09:29:57 AM |
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The logical thing that we can get here is the price will not increase in the short term because every people buys at the bottom, and even that can cause the price will go down deeper. The next thing that can happen is people will leave the coin without coming back if the price cannot increase back because they already buy the coin at a low price. Many people will wait for the opportunity to sell the coin at a high price, or they can cut lose the coin at a price now, but they will not make a profit.
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enhu
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February 25, 2020, 09:45:34 AM |
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There has to be a catalyst that investors could see why people are buying the token again. If there isn't any update from the team that will make them decide to buy. If there is no update from the team, not a partnership from a legit company nor an exchange will add it to a good exchange then it might just be a pump and dump coin.
The bottom doesn't guarantee profit unless you know the reason why people are buying a shitcoin. I'm however seeing a scrupulous team buying their tokens again at the bottom and then publish updates. This could happen to coins that is still in the exchange despite how terrible the volume they got.
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Byakuga
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February 25, 2020, 09:47:27 AM |
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Coins and tokens don't stay at one point, they are highly volatile so it's impossible for everybody to buy the bottom, bottom price don't stay at one place forever, some will buy cheaper and some will buy at high price
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Natalim
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February 25, 2020, 10:39:03 AM |
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The point is, when you regret the month you buy, that means you didn't buy at the bottom and no one can assure that it's really the bottom, we are just making a decision based on our analysis and we could be wrong as well, therefore it's not possible that everybody buys at the bottom, other wise it will eliminate the volatility in crypto.
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Crypto_lion
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February 25, 2020, 11:13:32 AM |
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Obviously there is a common tendency among New comers to buy at the bottom hoping that it will go up in price but catching a falling knife as it's called is rarely a good thing to do . I mean if you believe that there was some mistake and the team.will rectify the mistake then take a gamble after doing your research.
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