When to buy - question to Hodlers

[makalve2]

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

[Sanitough]

My method of buying is when the price is low so that I can maximize the money that I will put into it, I think that it has been my mantra ever since my friend introduced me to bitcoin.

If you will strictly follow that, I guarantee that you'll be able to grow your money here in crypto, but make sure you don't buy shitcoins, and to be safe, just buy bitcoin and just do that strategy every time you see a great entry price and then sell when the market is bullish again.

with the bitcoin's volatility, you can expect your money will grow in no time.

[masulum]

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

I'm not tradest.io user, but from their website they are claimed if has 78% accuracy, i think you need to re-thinking about this percentage. I have an alternative if you interest, you can use custom indicator or open script indicator on tradingview, this is will be safe for you since it available for free user. You can try and practice before implement in your real trading, DYOR

[bitbunnny]

My method of buying is when the price is low so that I can maximize the money that I will put into it, I think that it has been my mantra ever since my friend introduced me to bitcoin.

If you will strictly follow that, I guarantee that you'll be able to grow your money here in crypto, but make sure you don't buy shitcoins, and to be safe, just buy bitcoin and just do that strategy every time you see a great entry price and then sell when the market is bullish again.

with the bitcoin's volatility, you can expect your money will grow in no time.

That is one of the basics of trading, to.buy low and sell high, that is what gives profit. However, it's not always easy to edtimate how low the price will go and when is the best time for buying. The same refers for selling too. So, there is always certain amount of risk and possibility for bad judgment, otherwise trading would be very easy, wouldn't it?
However, I completely agree that the best option is to stick to Bitcoin, experimenting with bunch of anonimous coins is not the best strategy.

[BitcoinTurk]

The market has been very active lately and prices are changing very quickly. For this reason, if I need to comment according to today's market conditions, I think that every downward movement is a buying opportunity in the short term and I make my purchases in the declines that I consider as every price improvement. I think it is early for medium term purchases, so I continue to make purchases and sales without making medium term investment plans. As for the long term, I think the prices are very affordable, but since I am an impatient investor, I do not show much interest in my long term investments. Of course, I do not neglect to expand my long-term investment basket by separating my profit margin with the short-term transactions I have made from time to time. In summary, I think there is a purchase opportunity for the short term, I do not have a clear idea for the medium term, and I think we are at very good price levels for the long term investment.

[carlisle1]

Keep hold fiat in you hand. And wait for the sudden unexpected dump. Then start to buy as much as you want. Wait with patience.

if we can separate the greed from the expectation then possibilities is always there but the problem is people now that newly entered this market always look for profit but not to expect dropping thats why when it happens they automatically panic and sell .

If again make a huge drop from that zone try to buy more. And wait patiently. Maybe it will recover soon and give you some profit. (It’s only for recent market trend.)   

for my years here the best and effective advice usually in topic is patience and yeah i have used this for many times and i mostly make good profit than when i am in rush.

[TheGreatPython]

Have anyone used indicator script from tradest.io?
I’m looking someone who can tell is it really that accurate.

I'm not tradest.io user, but from their website they are claimed if has 78% accuracy, i think you need to re-thinking about this percentage. I have an alternative if you interest, you can use custom indicator or open script indicator on tradingview, this is will be safe for you since it available for free user. You can try and practice before implement in your real trading, DYOR

I would say not to use any indicators aside from the price and only the price. When you look at the price you clearly see when it goes down and when it goes up, just act accordingly and you can buy when it is low and when it is high. If you see price moving from 4k to 8k, DO NOT BUY bitcoin, even if it goes to 10k after that. When price is going up that is the worst time to buy bitcoin.

However if you see it go from 10k to 8k you could start thinking about buying bitcoin a lot more, sure that is still a little drop and not enough to go all in, that type of small drop is when you go in a bit, still go in because you can make a profit, but not all in. However if you see it go to 6k after this, you can go all in. Believe me eventually it will be 10k again in 1 year after you buy at 6k.

[K4C]

I think this is the buying bitcoin near the low have been more consistent and predictable especially within the first few days. Second, note the higher confidence of returns above zero. Buying at near-term highs does have a higher return in general, but its less consistent and comes with some downside risk in crypto market. The market depend bitcoin is prone to a massive drop from time to time.

[masulum]

-snip-

Yes, you are right if we just need to see the price. When someone decide to be an active trader, he/she want to get daily profit. When you say if we are buy in 8k and drop to 6k, bitcoin will back to 10k or even higher in the future, but its not effective for daily trader. That why many trader using indicator, with this tools at least they can analyze, take a decision or even set cut loss to minimize his/her asset drops in short period. Your suggestion for holder only, not for daily trader i think.

[Yamifoud]

-snip-

Yes, you are right if we just need to see the price. When someone decide to be an active trader, he/she want to get daily profit. When you say if we are buy in 8k and drop to 6k, bitcoin will back to 10k or even higher in the future, but its not effective for daily trader. That why many trader using indicator, with this tools at least they can analyze, take a decision or even set cut loss to minimize his/her asset drops in short period. Your suggestion for holder only, not for daily trader i think.

Using trading tools have that advantage than using nothing and it is quite difficult for day traders when they don't have any of these. Because in the situation as we have, it will take a big role and I think holders will do the same. Actually, I'd tried it to do trading without any indicator or any trading tools, you can say the difference and it is really hard to make a profit. That is how important to have them and use them all the time, not only for traders but also for you as an investor.

[Stedsm]

@OP, take everyone's advice with a grain of salt here because nobody can exactly say/predict when to buy BTC (they can't even predict what's the bottom for the year even if the bottom has already been served on the charts to them). Try to buy more every time you see a drop because drops are chances, huge chances of coming back and BTC always bounces back. Even if you bought at $20k and you'd have bought higher amount of BTC but the USD value is exactly the same - at $3000, you should be in green already.

[Subbir]

I think now's an honest time to shop for from holders When the worth of BTC goes down if we buy and hold it then the worth will go up later Therefore, before buying a currency you've got to seem at the trading charts to ascertain which currency is probably going to travel up by crores. I can easily analyze through charts it's possible to urge more profit by investing in BTC. While the costs of other currencies are less likely to rise the costs of BTC and Ethereum are likely to rise So now's an honest time to shop for.

[mersal]

Best ever time to buy bitcoin is right after a huge time, more precisely when everyone start panic selling.This is the stratefy used by whales so as a smart investor we have to use this opportunity to make money for ourselves.

Buying from paycheck on monthly basis is also a great idea for real long term investors.

[chaser15]

Since they are holders, they don't really care whether it's uptrend or downtrend as long as they think that a certain price is good to buy.

They will not sell after all so if ever a downtrend happened right after they bought, no worries as they will hold no matter what.

There is no definite answer about WHEN so try to make up an own decision by doing research and analysis.

[Xxmodded]

Only one solution for good timing to buy and invest with cryptocurrency when bitcoin and altcoin have been support price, maybe you must waiting for when your target coin to buy touch lower price and sell after break out to higher price.

[vicoma]

You are really doing good if your intention is for long period. According to you, you are not a day trader but buy monthly when you have your paycheck. There are a lot of strategies to speculate when the price might go down or up. There are something called technical and fundamental analysis, you can have research on this.

[carlfebz2]

Since they are holders, they don't really care whether it's uptrend or downtrend as long as they think that a certain price is good to buy.

They will not sell after all so if ever a downtrend happened right after they bought, no worries as they will hold no matter what.

There is no definite answer about WHEN so try to make up an own decision by doing research and analysis.

When you do have that HODLER mind then you would definitely do such thing where buying up coins when you do think its cheap and
dont tend to sell no matter how high the price do peak out.This is truly a definition of being a hodler but it isnt really bad to consider
to sell out on peaks for you to secure out profits.Just like what happen on previous ATH where people should cash it out
then buy again when the price goes down in 3k levels.Rinse and repeat.

Only one solution for good timing to buy and invest with cryptocurrency when bitcoin and altcoin have been support price, maybe you must waiting for when your target coin to buy touch lower price and sell after break out to higher price.

Aiming for support? Everybody does but not all does have the balls to buy when the market is declining and thats a fact.

[spike420211]

I take profit in fiat after growth. As a rule, any continuous movement is accompanied by a natural recession.
Such moments help me increase the number of BTC on the balance. The main thing is not to be greedy and come back in time.

[bct_ail]

Iam not sure if this BTC DCA tool is already be mention in this thread but it is a nice tool to see how your portfolio would have performed if you would have invest in Bitcoin with different parameters.
For example: If you would have invest 300$ a month during the last 3 years, you would have a 31.43% gain. But if you would have invest 10$ daily in the same period, you would have a 64.33% gain instead.
https://dcabtc.com/

...No matter how you do it, you do it wrong.   

[ballerin and giroud]

Only one solution for good timing to buy and invest with cryptocurrency when bitcoin and altcoin have been support price, maybe you must waiting for when your target coin to buy touch lower price and sell after break out to higher price.

We can't expressed that the coin price has decreased and already at the lowest price if we don't have any strategy. You can't use your prediction without any analysis, you will be depend on FOMO if you doing that and will make you get lose instead of you get profit. At least you have to know the trend line strategy, I think the strategy is really simple and easy to understood. And most trader out there has considered that trend line strategy is the best way to start buying and selling bitcoin or altcoin.