Buying low selling high ain't always successful

[mahilchii]

From my perpective buying low selling high is a good option to make some money on crypto. Maybe you pick the wrong coin to invest in. Change to other coin like ETH maybe you can gain some money from there.

Well that's the exact strategy of the market, buying in dip and selling in its peak is one of the best way to earn quick profit, but you need to be really active and update yourself with all the current affairs which has a direct impact on crypto. Only your knowledge and research will lead you to make the right moves.

[shadowdio]

It is better that you hold the coin until the price will go up. Just don't expect that you will gain profit in just a short time you know the prices are unpredictable.

[Vishnu.Reang]

I have been in to cryptocurrencies for more than 3 years now, and I would agree with this statement. This strategy may work for investments in equities and mutual funds, but not in cryptocurrency market. The reason is that it is very difficult to calculate the fair valuation of a particular cryptocurrency, unlike the case with stock market or the real estate market.

[thesmallgod]

That point you regarded as dip might be the highest price for a while. I have been there also. It is frustrating and you can become undecided on what to do but I think it is always better to allow the price to recover to the dip price before you make a further decisions on trading. If you continue to trade, you might discover that you start losing little by little. Sometimes it is better to stay and convert to USDT and watch closely the flow of the chart

[witbla]

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[Yamifoud]

That point you regarded as dip might be the highest price for a while. I have been there also. It is frustrating and you can become undecided on what to do but I think it is always better to allow the price to recover to the dip price before you make a further decisions on trading. If you continue to trade, you might discover that you start losing little by little. Sometimes it is better to stay and convert to USDT and watch closely the flow of the chart

It wasn't noticeable when we have a lot of coins to trade and that few sats have just been ignored. I've been experiencing this before and supposedly I used to gain when I sell it at high but the market turns frustrating and makes no choice but to sell and save some ( I belonged to the group of weak hands)...lol

And I realize that everything won't work that easy and all our goal meant achievable if we are a weak hand and is not strong enough to risk and have patience inside. Because surely it easily changes our mindset and commits mistakes.

[asriloni]

It is better that you hold the coin until the price will go up. Just don't expect that you will gain profit in just a short time you know the prices are unpredictable.

How long you will hold your token when another coin was doing better than your coin? this is not a good idea to always hold your money. We must be more closely to see about the fact that if so many people are always jumping from one to the another coin for profit. I expect if this happens anytime. I'm thinking about isn't it better to cutloss and invest in a better coin?

[7788bitcoin]

Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now

So what is your trading strategy now, usually everyone looks to buy low and sell higher but since you made some terrible blunders you want to take a break then it is a good proposition for your savings. If you entered the market when the market went down then there is nothing to worry because all you need to do is hold for the market to recover as you cannot expect the market to give you profit everyday. So the idea is to be smart and trade according to the market situation.

[Ashong Salonga]

Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now

Well, you do have a point on that because cryptocurrency do really possess such characteristic of being able to change over time in an unpredictable manner which is because cryptocurrency is volatile. Well, being unable to predict price movement is just common with the industry we are all currently into because no one literally knows when, why and how will things be going even after a couple of seconds because price might go up or down even without our notice. Buying low and selling high is the most common strategy being done by I think almost all here in the crypto space because it is the simplest yet effective way on how you can earn profit. Although it doesn't work all the time, still people do use this strategy with a belief that market will regain from its loss over a span of time. It will be best to not expect too much that just because you have bought it at a low price is that you will expect a profit that easy because it does not work that way because price movement of the cryptocurrencies are really unpredictable.

[leowonderful]

The only way you can identify a dip is in hindsight, and there's a very slim chance that things could just go to zero overnight. Buying low and selling high is also a massive oversimplification of a part of what many traders do, though that doesn't mean it's an unviable strategy. You also need to consider factors outside of just successful trades but also risk management while trading.

The market's very unpredictable and it's true that technical analysis doesn't always work as expected, but you should always have a system in place to minimize losses in case things do go south.

[LbtalkL]

Yeah if you don't have any indicators buy low sell high does not always in your favor but with the help of those indicators on charts, it will increase your chances to have a better decision on which button to push. But it is not always right trading is a very risky thing so make sure you know what you are doing. Some coins are base on news it really affects its price and some are purely unpredictable.

[gundala]

Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now

Isn't a cryptocurrency like that? the volatility is high so the price is easy to go up and down. That is why there are indicators that you can use as instruments in analyzing price movements. Provide a systematic picture when the right time to buy and sell. So it is not only based on the price of "low rate" but also other factors that allow the trend to rise, that is what is utilized. I am not a professional in this matter, but I continue to learn, despite several losses, this requires a strong mentality.

[zombi11]

Charts say all. If you can't read it, go for long term.

[Gheka]

Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now

So what is your trading strategy now, usually everyone looks to buy low and sell higher but since you made some terrible blunders you want to take a break then it is a good proposition for your savings. If you entered the market when the market went down then there is nothing to worry because all you need to do is hold for the market to recover as you cannot expect the market to give you profit everyday. So the idea is to be smart and trade according to the market situation.

The mistake in a low buy and sell high strategy is normal when volatility in this market is a question every day, our judgment only calculates the probable circumstances, calculate safe bottom levels that we can accumulate and hope for a recovery from that but choose the bottom as a small lottery, too many bottoms and ranges can fluctuate, mistakes a few times are inevitable. And to have the right bottom and safe, qualifications and extensive experience in the market are needed, the most important is to capture the movement of the market.

[Bonwin]

sometimes, the crypto market moves intermittently and it requires a good analyst to predict what is likely going to happen, although, the prediction might not be 100% correct. You do not also have to be a good analyst to trade good coins like BTC because come what may if you are patient enough, you will still make your fortune out of it. The entire crypto market is now more of community-based. If the community supports the project and if such project has so much community, then it might be good enough to venture into.

[PuertoLibre]

It is better that you hold the coin until the price will go up. Just don't expect that you will gain profit in just a short time you know the prices are unpredictable.

This year is very frail with a loss if you can not find a gap because there is no certainty good things will come this year so you should determine another way to continue to survive later.

The bias in the market can be observed with logic and naked eyes if the trader has enough trading experience and market skills. The emotions drive the crypto market like other financial markets and finding the edge in market is harder than previous years due to the developing emerging market conditions. Maybe focusing on single crypto project or altcoin will help the OP to survive in bloody bear market circumstances.

[tabas]

If it ain't successful then no one's going to profit. The time that you have bought is what matters, you should buy when you are decided and you see it as the bottom of that correction. And if that's already enough, BTFD.
I have that worse experience as well and I fairly understand the feeling when everyone says it's the dip and we're all buying but it keeps falling.

[Synaesthesia]

It is better that you hold the coin until the price will go up. Just don't expect that you will gain profit in just a short time you know the prices are unpredictable.

How long you will hold your token when another coin was doing better than your coin? this is not a good idea to always hold your money. We must be more closely to see about the fact that if so many people are always jumping from one to the another coin for profit. I expect if this happens anytime. I'm thinking about isn't it better to cutloss and invest in a better coin?

In fact, people trend to choose new coins because these are more profitable coins and people will be very interested when a new news comes out. However, in investment I often consider very carefully before deciding because not all new coins can increase prices well during this time and depend a lot on this market. Of course, if it were me, I would sell the old coin and choose a new coin because if the old coin cannot rise, you will continue to live in misery.

[Fappanu]

You need timing when you really want to buy at dip and also patient when the coins you bought dump deeper because thats the only thing you need when buying coins. Because if you don't have patience in waiting for price increase you will be lose.

[TheUltraElite]

In fact, people trend to choose new coins because these are more profitable coins and people will be very interested when a new news comes out.

Compare it to the IPOs of stock market. They attract value from venture capitalists who will buy them at premium and then sell once they get listed. Its profitable but thing is that IPOs get listed at a specific time and there is no discussion of having to look out for an exchange to list them. ICOs get some bad points here if you compare.

However, in investment I often consider very carefully before deciding because not all new coins can increase prices well during this time and depend a lot on this market. Of course, if it were me, I would sell the old coin and choose a new coin because if the old coin cannot rise, you will continue to live in misery.

You should not think that a new coin is going to b big in future in this sector. This is because already the sectors are saturated and not being able to develop something that has an inherent market is common. It takes time to make a system popular enough for common people to use everyday and this wont happen in a 2year scheme.

Hence if you want to trade, do it with the older well established coins. Buying low and selling high is always going to work provided you are doing it properly.