buy low sell high? (I'm a noob)

[romero121]

Buying low and selling high is the basic trading practice of each and everyone into trading. Whether you're are noob or an expert doesn't matter with trading. Having close observation over the market will let users to select the right cryptocurrency for trading.

We've got more than 7000 cryptocurrencies and the trading pairs will count much high in number. When we prepare to buy low and sell high, we also need to make the right choice of the trading pair. For a beginner it is always good to go with stablecoins at the beginning.

[1715175520]

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[MCDev]

Buying at a low price and selling at a high price this sounds easy, but in fact it is the hardest thing in all markets in general and the cryptocurrency market in particular.
Without enough knowledge and skills, you will not be able to know when to buy and when to sell.
If you love and want to trade certain currencies, it is best to make your own judgment, do not invest on anyone's advice.

[pixie85]

For beginners I recommend buying 10 large coins on marketcap. It's easy to find buy low and sell high moments

OMG, please, not again this stupid shit!

Don't do it OP, never choose an investment by market cap. Some of those high market cap coins are shitcoins with no real use. Want an example of a high cap shitcoin, read a bit about BSV.

People who will tell you to buy each of the top 10 or top 20 coins have no knowledge of the market and think that it's better to have a lot of mediocre investments than a single exceptional one.

[paulsonnumismatics]

Quite agree on above post; There has been too much good publicity about "Not putting all eggs in the same basket". Diversification can't mean to buy the 10 loudest noise projects (market cap) without even knowing what is all about.
In fact, if you scan internet you will find several projects in Medium blogs of people that put 1000 dollars on each of the top 10 coins in 2017, 2018, and so on. The few that are still posting results show you how lame it has been so far.
But of course past performance doesn't guarantee future performance... 

[bitbollo]

....
My idea was to start buying low and selling high
....

If you want get a profit you must buy low and sell high or you're just waste your money.

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Do you have any preferred currencies to do so?
....

I will not be focused in a new coin or the last "hype" (... ICO, DeFi etc) but I will take a look only in bitcoin on just a couple of other "old" top 10 coins (litecoin, dash in primis).
Isn't easy build a valid portfolio, since there are many factors to look.
The best option is always have a big stake in bitcoin

[Sadlife]

Start with Bitcoin because its the safest asset in Crypto space, unlike pump and dump altcoins. From there, you'll learn as you go and trade. Buy and sell is a good enough knowledge all you need to know is when to long or to short depending on the price action. So i would suggest to always put some stop losses whenever the price is in uncertain position.

[Jendral Istimewa]

Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.

Thanks in advance!

This can be said to be a short term investment. from 2016 until now, I also did like that. Buy low and sell when above the buy price. But I suggest, if you do this, do it on coins that are really stable and strong like Bitcoin, Ethereum, Binance Coin, Polkadot etc. If you ignore this then you have to be prepared for losses.

[Nanda Dewi277]

Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.

Thanks in advance!

I think you should try to monitor further, such as monitoring the latest news on their social media and understanding global market news. In this way, I'm sure that you will be able to increase your profits and minimize losses.

[Buttermellow]

Yes follow what you had in your plan. I am telling you that you have a good plan there and you must stick to it. You just need to have patience in waiting for the market to fall down and may be a little bit problem because bitcoin now continue to rise up. Anyway, there will be a time that bitcoin market will going fall down and if it happen then be ready to buy on it because you might not know that it can bounce back again whenever whales invest to it. Whales means individuals or group of people wanting to invest in bitcoins with huge amount of bitcoins to be bought.

[kentrolla]

To be honest no one has the answer for this, people can just predict but that's not the real solution. I agree buying low and selling high is the natural phenomena of crypto currency, but trust me it also comes under extreme risk.

No one can judge so and so coin will go over the moon, there is a proverb knowledge is wealth based on that you need to keep on researching, well this will give you an overview on how to invest and where to invest.

[Serious475]

To be honest no one has the answer for this, people can just predict but that's not the real solution. I agree buying low and selling high is the natural phenomena of crypto currency, but trust me it also comes under extreme risk.

No one can judge so and so coin will go over the moon, there is a proverb knowledge is wealth based on that you need to keep on researching, well this will give you an overview on how to invest and where to invest.

Yes, we should also know when to buy and when to sell because other thinks that the price is low so they buy but the coin is still in high so they lose a lot of value and need to wait for another price rise to get the value back. Everyone should know how to read the pattern of coin he is holding especially when he is a big coin holder and long time holder because they may lose a lot of value with a small mistake. A big lose may give you a big disappointment that might end you up giving up crypto currency and that is not a good thing because crypto community will lose another member. Each member in crypto community is important especially those responsible one.

[maydna]

~snip~

Thank you for this advice, I am saving money so I can trade too. But isn't this advice  counters the advice of diversifying your portfolio so you can earn a profit when one coin dipped.

No, it does not counter the advice of diversifying the portfolio because to manage many coins in our portfolio isn't easy, and that will need skills to do that. It will no problem if you have those skills, but if you don't have the skill to manage too many coins, buying bitcoin as the main investment will not be a problem.

With only having bitcoin as the investment, that means we can make a profit in the future, and it is okay to have only one coin in your portfolio. Diversifying a portfolio will be good, only if you know how to manage it.

Yes, we should also know when to buy and when to sell because other thinks that the price is low so they buy but the coin is still in high so they lose a lot of value and need to wait for another price rise to get the value back. Everyone should know how to read the pattern of coin he is holding especially when he is a big coin holder and long time holder because they may lose a lot of value with a small mistake. A big lose may give you a big disappointment that might end you up giving up crypto currency and that is not a good thing because crypto community will lose another member. Each member in crypto community is important especially those responsible one.

Unfortunately, people become greedy if the price starts to rally and breaks their target price, and they will not sell at that price instead of waiting for another high price. At least, the advice for people to sell their coin, whether it's bitcoin or altcoin, is when the price can reach 2x of your bought price so that you can make a profit. But if you can accept the risk to wait for longer, you can still hold the bitcoin, but you don't have to regret if the price can't increase higher.

[imstillthebest]

i was expecting that your going to say buying low and selling high is for the noobs but you are the noob on here and you didnt commit the said act so far . you said you have studied crypto and you are ready but why you look like your still confuse and dont know what to do ? maybe your not really ready .  you like coins that are fast moving ? ( the one that go up and down quick ) or the slower coins ?  because both can still qualify for buying low and selling high  . just go for btc if you prefer faster play and go for the altcoins to if you think you cant handle the speed of btc  . goodluck 

[Lorence.xD]

No, it does not counter the advice of diversifying the portfolio because to manage many coins in our portfolio isn't easy, and that will need skills to do that. It will no problem if you have those skills, but if you don't have the skill to manage too many coins, buying bitcoin as the main investment will not be a problem.

With only having bitcoin as the investment, that means we can make a profit in the future, and it is okay to have only one coin in your portfolio. Diversifying a portfolio will be good, only if you know how to manage it.

I can see where you are coming at. If I look at it with deeper understanding, it is advisable that I will focus on one coin before trying to diversify my portfolio so I have a feel and learn the ins and outs of the game without risking too much.

Unfortunately, people become greedy if the price starts to rally and breaks their target price, and they will not sell at that price instead of waiting for another high price. At least, the advice for people to sell their coin, whether it's bitcoin or altcoin, is when the price can reach 2x of your bought price so that you can make a profit. But if you can accept the risk to wait for longer, you can still hold the bitcoin, but you don't have to regret if the price can't increase higher.

Is it advisable or reasonable to set a price point where you sell the coin? In my opinion, it can be dangerous because the target might not be reached because of out of control market elements or the target might come late.

[BrewMaster]

Is it advisable or reasonable to set a price point where you sell the coin? In my opinion, it can be dangerous because the target might not be reached because of out of control market elements or the target might come late.

there is a good solution for that and that is selling step by step instead of only selling once in one order. for example you expect price to reach $100 then you sell 40% on $90 and another 40% on $100 and the remaining 20% on $110. meanwhile you set some automatic orders to sell if the price reached $90 and dumped down to <$80 to not get caught.

[dificanovi]

I suggest buying Bitcoin because recently the price has continued to increase. I am sure you will benefit if you buy a large amount of bitcoin.
there are some altcoins that have also increased, but I would rather recommend investing in Bitcoin at this time because people know more about bitcoin than altcoins.

[Alert31]

Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.

Thanks in advance!

Buy low, sell high using Bitcoin or Ethereum is the best idea but you need a lot of patience. Also Bitcoin and ethereum is already valuable and trusted digital curreny. But if you want to try other coins, then choose the good one in the market and be ready to take the risk.

[target]

Its usually just the BTC/USDT. There is no other pair that will spike and drop which you can substantially gain amount of USD as long as you have enough capital for this spot market.

Its not really this easy when they say buy low, sell high. You still need to learn a how to read the chart. Right now the price seem to have hit the highest peak in the current range. You might have to wait for the dip again.

[ShowOff]

Buy low, sell high using Bitcoin or Ethereum is the best idea but you need a lot of patience.

Buy low and sell high. This sound easy for anyone to do even if they are new to bitcoin but are you sure it will be easy to do?
There are circumstance where more bitcoins can be bought with a higher profit potential but one must have courage and patience.

• When the price dump.

I firmly believe that the prices will get better after the price dump. It may take a little patience to see the price recover after the dump, but this happen very often and there is an advantage for those who have the courage to buy more bitcoin in these circumstance.

• When the price pump.

In a pump state, trader can also buy bitcoin but this is much riskier than buying it when the price dump. We can never determine when the price has peaked and I believe we do not know when a turning point occur when price pump. Therefore, I don't think a trader should look for more profit if they buy it when the pump price occur. They can sell it as soon as the profit target is reached.

[Blackrain13]

Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.

Thanks in advance!

I think just try one kind of coin to buy and sell first , then study the market, the movement of the graph and the price change. Buy low , sell high is easy to think about but difficult when you do because you don't when the price drop and when it will rise. Try bitcoin first before trying other coins.