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Author Topic: Need advice regarding buying  (Read 698 times)
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December 09, 2021, 05:04:43 PM
 #121

The answer is very simple, don't buy when people are in FOMO because that will help the price to skyrocket unless it's already overbought. The right technical analysis will always give you the answer you're looking for, so don't forget to do it before making a trade. Be patient, don't rush things up because eventually, your technical analysis will be always right as long as you've done it correctly, obviously.
FOMO always get so complacent that they buy at a high price and ignore it.
Technical analysis is usually rarely used for beginners and they are still looking for FOMO or tokens that are hype in the market.
Sometimes just being patient is not enough, it needs to be trained to be used to surviving in any situation, but with technical analysis we know the direction of the coin we are looking for.

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December 09, 2021, 05:47:54 PM
 #122

I am thinking to buy now, but judging by everything, we can still expect a small drop.
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December 09, 2021, 05:59:00 PM
Merited by Sayeds56 (1)
 #123

I suggest you to buy a small amount at current price. And wait for dip. And accumulate more btc in every dip and increase the quantity. In this way your average buying price is very low.this is the right way of buying. If you buy btc at current price with your full balance. So, you cannot buy it again when it takes a dip.

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December 09, 2021, 08:09:12 PM
 #124

I am thinking to buy now, but judging by everything, we can still expect a small drop.
When you are waiting for small drops then you are particularly aiming for short term profits and not for long term ones.Well, its up on personal choice whether which one you do go for it because not all would really be that patient in doing so thats why we do end up
on several decisions for ourselves when it comes to this manner.So its up to your choice whether on when you will be buying
or selling.
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December 09, 2021, 09:57:47 PM
 #125

I suggest you to buy a small amount at current price. And wait for dip. And accumulate more btc in every dip and increase the quantity. In this way your average buying price is very low.this is the right way of buying. If you buy btc at current price with your full balance. So, you cannot buy it again when it takes a dip.
That's buying the dip and dollar-cost averaging. Very effective strategy over time that you'll be happy that you've done it. Just time after time, you buy and you're good to acquire as many as you can.
If you've got plenty of budget and spare to spend, you just have to do it on your own and decide if you want a bigger batch as you buy or will still follow the idea of buying in batches with smaller amounts.

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December 09, 2021, 11:04:06 PM
 #126

For me personally, i will think some ways. If this is for a trading daily, I still will buy it and take profits  after rising up for small percentage. And about buying for investment, I think I will wait for little bit drop, but of course, this may be difficult to know when to drop. And now is a good time to buy because the price of Bitcoin is still at $47,895.47.
The market is crashing very drastically this day and this also influence the altcoin market. This may not be the dip, but at least, this rate is a good to buy for the next step of Bitcoin bullish era. Although I am little bit doubtful about the new ATH to create because of so many FUD that we face so far. But, I still really expect for this.

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December 10, 2021, 05:12:41 AM
 #127

I suggest you to buy a small amount at current price. And wait for dip. And accumulate more btc in every dip and increase the quantity. In this way your average buying price is very low.this is the right way of buying. If you buy btc at current price with your full balance. So, you cannot buy it again when it takes a dip.

Good idea and it is considered as a best buying strategy when you buy in parts and not all in one go, it helps to average $ cost of your coin/token. Going forward use Technical chart of Support/resistance on 4 Hrs time frame and buy on each support and continue buying until your buying amount target is achieved. Adopting this strategy means your trade will quickly come in profit when Market will start bouncing back.









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December 10, 2021, 10:45:19 AM
 #128

I suggest you to buy a small amount at current price. And wait for dip. And accumulate more btc in every dip and increase the quantity. In this way your average buying price is very low.this is the right way of buying. If you buy btc at current price with your full balance. So, you cannot buy it again when it takes a dip.

Good idea and it is considered as a best buying strategy when you buy in parts and not all in one go, it helps to average $ cost of your coin/token. Going forward use Technical chart of Support/resistance on 4 Hrs time frame and buy on each support and continue buying until your buying amount target is achieved. Adopting this strategy means your trade will quickly come in profit when Market will start bouncing back.

Good way to invest your money, having broader knowledge of how market move by using TA, support/ resistance
will guide you to find a good spot in positioning your entry. Once the market start to be strong again, the chance of much quicker
returned is very likely to take place.

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December 10, 2021, 01:21:54 PM
 #129

I am thinking to buy now, but judging by everything, we can still expect a small drop.
It is correct time to invest is Bitcoin and Altcoin, it is my opinion, and i believe that after this year we can see a good rally in Altcoin and Bitcoin. But i want suggest that never buy coin with 100% fund, invest part by part.           

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December 10, 2021, 05:55:32 PM
 #130

If you want to do investment you should research on that token/coin. And try to buy in the dump. and always DCA in dump. try to make an investment in the best/famous project like CIFI, PYR, Shib.

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December 10, 2021, 07:52:06 PM
 #131

It all depend on you but for me I buy at anytime I have the money with me, so i continue buying but I know I have my selling price. I have being buying Bitcoin and some altcoins but I put it in mind that I will not sell my bitcoin till the price hit $100k, so i  have a fixed selling price for any coins I buy and that is why I buy anytime money come to me. I always put it in mind that Bitcoin and even some altcoin doesn't have dumping fixed price and pumping fixed price. That means anything can happen.

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December 10, 2021, 10:45:43 PM
 #132

If you want to do investment you should research on that token/coin. And try to buy in the dump. and always DCA in dump. try to make an investment in the best/famous project like CIFI, PYR, Shib.
Actually before investment or buying coins one should deeply analyse . Without researching the cryptocurrencies market and project development, one shouldn't buying or selling coins. Volcan forced (Pyr ) and citizen finance ( Cifi) projects have bright futures and development.
NelfiNovita
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December 10, 2021, 11:23:40 PM
 #133

Market conditions like this are good to take advantage of to buy some bitcoins and altcoins. The current market conditions are quite worrying because the prices of Bitcoin and Altcoins have collapsed due to several factors that have made cryptocurrencies like this. Bitcoin price is currently around $47,663 some people have panicked by the decline that has occurred in Bitcoin, I suggest for beginners who are just buying Bitcoin that they hold their Bitcoins until the bitcoin price rises again and reaches a higher ATH price. For beginners who want to buy bitcoin now is the right time to buy it because the price of bitcoin does not always go down and it is likely that at the end of this year the price of bitcoin will rise even higher.

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December 12, 2021, 05:56:50 PM
 #134

It all depend on you but for me I buy at anytime I have the money with me, so i continue buying but I know I have my selling price. I have being buying Bitcoin and some altcoins but I put it in mind that I will not sell my bitcoin till the price hit $100k, so i  have a fixed selling price for any coins I buy and that is why I buy anytime money come to me. I always put it in mind that Bitcoin and even some altcoin doesn't have dumping fixed price and pumping fixed price. That means anything can happen.
anything can happen in cryptocurrency. if you've been buying bitcoins at the right price but still dropping, you may be able to buy gradually. Most importantly you buy with money that you do not need in the near future and that is free money. The target price that you set is of course the target that must be achieved.
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December 13, 2021, 07:55:20 AM
 #135

Patience is a virtue every trader must have in their possession...
Anything is possible to occur in the crypto system but your ability to control the situation is what makes your trading successful or a failure. You can purchase Bitcoin at anytime provided you've made your analysis right and the funds to acquire those coins are readily available but in other to make profits, it's adviced you buy at dip periods such as now.

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