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Author Topic: when is the right time to buy cryptocurrency?  (Read 23122 times)
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November 09, 2020, 03:19:51 PM
 #81

I always think when is the right time to buy cryptocurrency and I've thought of several methods for choosing the right time to buy cryptocurrency, that is :
1. buy coin during ICO, IEO or STO;
Then from the methods I have mentioned, which method is the most appropriate to buy cryptocurrency or is there another method that you can suggest to buy cryptocurrency at the right time?
Honestly, I don' think that there's a right time to buy cryptocurrencies because from what I know crypto coins value is always changed, even if you buy at today's price you can still manage to get a profit out of it and all you need to do is to be patient. You shouldn't focus on when to buy a coin but rather what coin to buy instead. Before buying a coin whether it is ICO, IEO or STO make an in-depth understanding first regards the coin where to invest, consider the developer team, whitepaper, road map, and such.

2. buy when the price down (dump);
It is obviously a good idea and recommended to buy at a lower price.

3. buy when the project has a good news;
what do you mean by this? Is having good news regards with the coin will make difference?

5. buy when coin from the project listed on big exchange;
This was also a good idea, however, let say they manage to list on an exchange, this not necessarily mean they can able maintain the volume they have got on their first release because I've seen a lot of tokens who manage to be listed that doesn't last long right after the folks dump it.




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November 09, 2020, 03:25:55 PM
 #82

If cryptocurrency projects conduct IEOs on top cryptocurrency exchanges, then I prefer to invest in these cryptocurrency projects during IEOs, because after IEO, these same cryptocurrency projects list their cryptocurrencies on the same top cryptocurrency exchanges and I always get a good profit from this.
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November 09, 2020, 04:27:49 PM
 #83

Very high risk if you buy when the price is high like point number 4, usually this kind of project is just hype after a big pump, the price can drop dramatically. but not with real coins like BTC or ETH. they have a big influence on the market, always have significant price developments and also always have a large demand in the market.
Buying during the bull run is actually the worst idea because I agree that the bull run is going on and everyone believes that good times are coming but what in case the bull run stops or a correction happens? You would be temped to sell the tokens for a lower price just to avoid the tension and stress that the correction creates.

I agree with BTC you can actually hold for long time but with altcoins you have to be sharp and very active because a small mistake can lead to big losses and usually with altcoins once the market goes down it just becomes very hard to get up again unless the altcoin is a big one like XRP, TRX, ETH or others.

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November 09, 2020, 06:08:26 PM
 #84

There is a lot of for us to know when the us the right time to buy a cryptocurrency , many people have list to be considered that they need to see first because they buy a coin and for me Im waiting to the good news of the project of the coin so I can buy because news is powerful and for sure it will have effect on the price of the coins but if it's bad news the result is not good also if the news is legit.
Actually news alone is not enough because most of the times there are paid articles with fake news promising big times in the development while actually the team is only planning to get more investors and then the coin will just slump down.

I think one must know the team members and the working developers well to know if they are capable of doing what they promised and if the token is doing an ICO then make sure the whitepaper is solid and not just a money earning machine. Because of the time you can see from the whitepaper that the coin is promising big things which are too good to be true and avoid such coins totally, unless they have some backing from good developers or known members of the community.
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November 09, 2020, 06:10:17 PM
 #85

I always think when is the right time to buy cryptocurrency and I've thought of several methods for choosing the right time to buy cryptocurrency, that is :
1. buy coin during ICO, IEO or STO;
2. buy when the price down (dump);
3. buy when the project has a good news;
4. buy when the price starts to increase (pump);
5. buy when coin from the project listed on big exchange;
6. buy when the project already has a product.
Then from the methods I have mentioned, which method is the most appropriate to buy cryptocurrency or is there another method that you can suggest to buy cryptocurrency at the right time?

The following dependencies are very often traced:

1) Rise in price of bitcoins.  

The altcoin price is growing faster than the bitcoin price (in dollars and bitcoins).

2) Explosive growth in the price of bitcoin.  The price of altcoins in dollars is increasing, while in BTC it is decreasing.  

3) The price of bitcoins has not changed.

The price of top altcoins is rising.  

4) Bitcoin price falls.

Altcoin prices are falling even faster.

Using these dependencies, you can determine the optimal time to buy top altcoins.
A well-known rule in trading is to buy on rumors and sell on the news.  Buying on the news can bring you losses.

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November 09, 2020, 06:23:11 PM
 #86

I always think when is the right time to buy cryptocurrency and I've thought of several methods for choosing the right time to buy cryptocurrency, that is :
1. buy coin during ICO, IEO or STO;
2. buy when the price down (dump);
3. buy when the project has a good news;
4. buy when the price starts to increase (pump);
5. buy when coin from the project listed on big exchange;
6. buy when the project already has a product.
Then from the methods I have mentioned, which method is the most appropriate to buy cryptocurrency or is there another method that you can suggest to buy cryptocurrency at the right time?

This is right, it just shows the different times different people tends to buy cryptocurrencies but where a person might be lucky in one case scenario another might not be lucky, how? Talking about buying through token sale, that is, IEO, ICO or STO, those who buys from top exchanges can record some profits but those who buys for other small exchanges might not. About when the price is down? Is there any assurance that the price will go up after buying or will it dump more? Those who this favours most are those who buys Bitcoin or Ethereum or other potential high quality altcoins but same cannot be said for new altcoins. Point 3 don't normally work nowadays unless the project is one of the major altcoins, while point 4 through 5 can still go sideways as it looks more like FOMO. And lastly point 6 can also be likened to point 3. So from all these, what I understood is, what works for one person might not work for another, some might take their time to invest in Bitcoin alone while some might think altcoins are more better, thus showing that, one can just stick to what works for him.

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November 09, 2020, 06:26:34 PM
 #87

Very high risk if you buy when the price is high like point number 4, usually this kind of project is just hype after a big pump, the price can drop dramatically. but not with real coins like BTC or ETH. they have a big influence on the market, always have significant price developments and also always have a large demand in the market.
Buying during the bull run is actually the worst idea because I agree that the bull run is going on and everyone believes that good times are coming but what in case the bull run stops or a correction happens? You would be temped to sell the tokens for a lower price just to avoid the tension and stress that the correction creates.

I agree with BTC you can actually hold for long time but with altcoins you have to be sharp and very active because a small mistake can lead to big losses and usually with altcoins once the market goes down it just becomes very hard to get up again unless the altcoin is a big one like XRP, TRX, ETH or others.
Indeed, buying at the bull run is the worst decision that you can make. You should study the nature of the cryptocurrency first before investing or buying some tokens so that you can avoid wasting money or even being scam by other people. We all know that the cryptocurrency's price is volatile, meaning the value is changing time by time when there's a transaction happening and that can affect the price. You should know that when you buy, you make sure that the price is at low so that you can wait for the right time that the price rises up and so that you can sell it and get some profit.
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November 09, 2020, 08:29:03 PM
 #88

1. buy coin during ICO, IEO or STO;
Might be the best time but also might easily be the worst time in case the projects fails to gather enough attention and end up being a mess and not working out as planned because you may well lose your invested money.

2. buy when the price down (dump);
But, make sure the dump is temporary because at times the dump ends up making the value of the coin absolutely dust and no chances to grow every again.

5. buy when coin from the project listed on big exchange;
This actually is a good idea because after getting listed on a big exchange usually more interest comes into the project from public and you can almost be certain that the trading volume will increase now which directly influences the price for the coin.

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November 09, 2020, 09:12:23 PM
 #89

Unfortunately, this is not easy like that, we have an example of a fall project and rekt in each of those 6 steps, you need to find your own way and following 2 rabbits at the same time just make you lose either of them , If you like ICO, IEO then you need to do research on the company, team, whitepaper fundamental news, etc , If you wanna trade get expert in TA, following hype would get you rekt probably so just don't listen to the moon boys in telegram groups!

If you trust the chosen ICO and believe (even sure of it) that the cryptocurrency they offer is worth to be highly estimated in the future, if the team looks almost perfect and the project is great, buy tokens in the very beginning. Later, you will make profit.
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November 10, 2020, 09:10:07 AM
 #90

I always think when is the right time to buy cryptocurrency and I've thought of several methods for choosing the right time to buy cryptocurrency,

Before acquiring any cryptocurrency, you should be aware that it is a risky business. The crypto market is highly volatile with fluctuating values. Don't be enticed by stories of people making millions overnight as the frequency of significant losses is also great.
there is no definate formula or algorithm that could predict the increase of its value in near future, however, looking at the patterns and few indicators one can make an informed decision for investing.

The biggest indicator is the price of bitcoin. Since alt. currencies are pegged to bitcoin, an increase in bitcoin's price would also increase alt. currencies's value as well.
 For instance,
Price of one bitcoin on
18th October 2020 = $11,350
10th November 2020 = $15,290

Price of one Ethereum on
18th October 2020 = $367
10th Novemeber 2020 = $446
(Source: https://www.coindesk.com/price/ethereum)

Bitcoin is climbing at a very steep rate. Over the past month, the price has risen by 34.8%, the highest ever in the year. Similarly during the same period ethereum also showed a 21.5% increase in its value.

Another important factor is political stability and economical challenges. The rececnt US elections projected a looming uncertanity across the globe, causing drastic fluctuations in the value of both fiat currency and cryptocurrency. Moreover the stock markets are still recovering from the COVID turmoil. Many global markets are strained and struggling, which brings us back to the original question.

If you’re interested in investing, stop thinking about whether the price is too high or too low. Survey and research the crypto market and your native country's regulation. Make an informed decision and invest an appropriate amount.
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November 10, 2020, 11:16:24 AM
 #91

I have my own way to profit from newly released tokens, usually I will wait for the opportunity when they announce that will list on a bigger exchange, let say binance, until now this method has never disappointed me, but you need to remember , don't use your ego in looking for profit, look for modest profit or you won't get anything, I often feel a dilemma to sell or survive, so don't think too much about it, the most important thing is profit.
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November 10, 2020, 11:23:45 AM
 #92

The right time is when you fully have enough knowledge to make wise decision wherein you will only dependent in yourself. A Right time to make investment is wherein you are not listening or following tips by others. I bought bitcoin when I fully understand what it is and how to make money with it, at first I incurred losses but I able to regain it as the time passing by because I'm becoming more knowledgeable as time passing by. Actually I just recently reached my ROI and I'm very grateful because all of my hard work is now paying off.

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November 10, 2020, 12:18:54 PM
 #93

No one can tell when it is time to buy the currency of the crypt, because no one knows how the market will behave tomorrow, maybe it will go down sharply, or maybe on the contrary, it will go up sharply, so you need to trust only your instinct, or maybe you will be lucky.
Instinct will only give 1% profit while luck will give you as much as 99% profit in crypto, meaning that everyone must always learn new things that can help him analyze market conditions, even though in general it is difficult to predict, which is clear that everyone can buying any token at a very low price and selling it when the price starts to rise again, that's a principle we often find in crypto.
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November 10, 2020, 03:36:38 PM
 #94

I think will legitimize the altcoins too especially ETH and others. This is very dangerous yet can be productive if the undertaking is effective on the lookout. also, perhaps a terrible decision if purchasing coins subsequent to encountering a major siphon. the majority of the new coins in the wake of being siphoned it is hard to arrive at the most exorbitant cost once more.
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November 10, 2020, 03:49:51 PM
 #95

Even though there are no trading sessions that account for more or less volume, there are certain parameters to take into account before buying cryptocurrency. According to multiple analyses on average daily bitcoin prices, Sunday and Monday are the best days to buy BTC.

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November 11, 2020, 03:51:40 AM
 #96

I think will legitimize the altcoins also especially ETH and others. your anxiety shouldn't be the point at which all is good and well to purchase, yet how great is the coin you're going to purchase, take ethereum for instance, it's solid and I don't think there is a period that could not be right to buy eth.
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November 11, 2020, 05:35:47 AM
 #97

All tbe method that you mentioned is I used when I planning to buy a crypto coins  many of us  looking each of them because once you see of these have big impact that will gives you a profit but not all of that is always makes you a profit because just like in the ICO you will lost money Im not saying all ICO but most of them are wasting to invesy it will gives you a false hope that your money will grow.



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November 11, 2020, 05:50:27 AM
 #98

I really think it's good time to buy if the project brings a good trend ir follows the new hype. And i also want to start to buy if the token or coin is listed already, and has a good value, whether it is low price or big, at least it is listed on several exchange. Also i agree with buying in the state of low price markets, because we can really earn profit in the long run if it increases anytime.
Where do you get the foundation when now is the right time to buy? did you not see market conditions in previous years where the price of tokens and coins was still lower than now, think that it is not wrong, but in this case everyone needs to analyze more deeply about market conditions and prices that have been occupied by a coin or token, so that we don't buy it carelessly.
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November 11, 2020, 06:05:03 AM
 #99

Good news don't have huge impact on token or coin price anymore, u less the news says binance listing coming soon, I remember that Audius project surge up to 500% because of binance listing, I wouldn't invest on a project because of news because their is no guarantee of any price surge

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November 11, 2020, 06:07:45 AM
 #100

Start buying crypto when you have basic knowledge about it. What you need to consider the most is the product of the project, you don't need to buy crypto when it is selling a good or is famous, you will end up buying out of FOMO. A good project will always find it's way to the market in time, patience is needed.
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