How do you decide on a buy price target?

[raidarksword]

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

[Desscount]

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

Yes implementing DCA is indeed a good option and many people also use the method,
crypto market is constantly moving and instead of wasting time on predicting better use that time to follow the market,
it will be more useful for sure.

[makishart]

DCA is probably the safest. However, If you see a coin pumping and you want to join early - usually best to wait for the little dip after the pump. Try not to buy the top of any coin.

It's still a very risky decision. I remind you that if there will be no guarantee if the pump will remain very long. Look at how so many people trapped at the peak price once they were buying meme token when the price pumped so hard.
What kind of coin is also affecting our decision to predict it. Remember always try buy at the bottom or when the market was in red paint. Many people were always tajking the risk by scalping it.
It can make people lose their money in a seconds or minutes. I just try to decide to buy when the price already reached the bottom and it's always working but the only problem if we must also prepare cut loss caused by the price sometimes can go even lower.

[South Park]

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

Yes implementing DCA is indeed a good option and many people also use the method,
crypto market is constantly moving and instead of wasting time on predicting better use that time to follow the market,
it will be more useful for sure.

DCA can be a very effective tactic but only on the right hands, as there are many people out there which see the DCA and may think it is too simple, and the truth is that the are right, but just because a tactic looks simple that does not mean that is simple to use, as buying when the price is falling is incredibly hard and many people will at that point decide against following their DCA strategy, which is a huge mistake as that is the perfect moment to buy and to load as many coins as possible.

[sana54210]

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

Yes implementing DCA is indeed a good option and many people also use the method,
crypto market is constantly moving and instead of wasting time on predicting better use that time to follow the market,
it will be more useful for sure.

DCA is the best method of buying bitcoin and mostly altcoins as well and there hasn't been any better one yet. I know that people are talking about trading and all but we should all realize that trading is not that great unless you know what you are doing. People should learn that DCA is a profitable thing because it results with a great return overall, I definitely believe that the best way of making money would be DCA.

This doesn't mean that we are going to end up seeing anything amazing from newbies who do not know how to do it, but when you mature enough in the crypto world, you will know when is the bottom or at least when you are close to it even if you do not find it exactly. That will allow you to do DCA a lot better.

[Hypnosis00]

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

Just to admit that investing in shitcoins is stressful even to say that we are applying the DCA strategy.
Everyone has their own way of determining when to buy and the price target. But for me, I was certain about buying when the market price is down, holding, and then selling at a high. That is why it is very important that we must know how to analyze the market trend and must have to consider some trading tools that would help us in making a decision.

[disconnectme]

This is a difficult question because price is relative, it depends on how valuable you think the tokens can be, those people that think BTC was expensive at $16k would have missed out on 2x their money by now. What I do use is the fundamental analysis, is the team still committed to the project, any major update on their roadmap and also who is backing the project, I use this coupled with technical analysis, Fibonacci retracement is a very good tool to use to find a good price, 0.67% is a very good area to buy the deep. What I tell people is that just buy and DCA because it is difficult to spot the bottom.

[savetheFORUM]

This is a difficult question because price is relative, it depends on how valuable you think the tokens can be, those people that think BTC was expensive at $16k would have missed out on 2x their money by now. What I do use is the fundamental analysis, is the team still committed to the project, any major update on their roadmap and also who is backing the project, I use this coupled with technical analysis, Fibonacci retracement is a very good tool to use to find a good price, 0.67% is a very good area to buy the deep. What I tell people is that just buy and DCA because it is difficult to spot the bottom.

It is impossible for anyone to perfectly time the market every time, it might happen once, or maybe twice, or maybe more than that but it doesn't mean that one can do it every time, so the best way is to use the best tools and techniques to analyze the price and buy when you think is the best spot according to your research and analysis, and don't regret if the price goes further down because that was always bound to happen, the same goes for selling.

Those who keep waiting for the perfect spot usually miss the best opportunities, because getting less profit is definitely better than getting no profit at all, and once you learn that, you will become a good trader because good traders never get greedy but they take any profit they can because it's at least something.

[Ziskinberg]

...

Those who keep waiting for the perfect spot usually miss the best opportunities, because getting less profit is definitely better than getting no profit at all, and once you learn that, you will become a good trader because good traders never get greedy but they take any profit they can because it's at least something.

You have some point there and it means that holding long-term gives you a huge profit as it is likely possible that those short-term investors are even more profitable.

For example, earning $300 monthly through trading was possibly more than we wait for 3-4 years and selling our coins which only earned $5,000. Citing that instances, it makes me think as well that I should go for buying during the dip and then sell when it rises, and repeat the process.

[TheSpiral]

Predicting the market is not good because the fast paced of it cannot be determined when to buy nor to sell, no on really knows and no one can outsmart the market as well. To lessen the stress, must better to apply DCA regarding on what crypto would you like to buy. Its much better that way, less stress and you can always set a schedule when to buy using DCA methods.

prediction of market doesn't mean that it will come out the same you predicted but there are many factors which have impact upon crypto market. if we care out all factor and then predict according to previous history of market then the outcome will be true most of the time. personally when i saw something big happening in any coin, i entered at early stage like ltc halving and hardfork of any coin.and its working for me most if the time. another time for buying is when i see full fear in the market then i buy only big coin like Eth, matic.

[WalkerIVIV]

this one thing could be rougly determined from technical analysis honestly I doubt someone could determine this without any technical analysis, though DCA method is one way to get profit and find better entry but it still requires investment overtime which easily means we might also get some bad entries, but with technical analysis i guess we could get rougly estimation of when the market gonna bottoms out.

[v3liana]

I'm just buying regularry when i got some money from my main job. So every month i spend 30% my salarry to buy some alts and btc. I already do it more than 2 years and when the bullrun comes i'm just gonna sell it.

[kevindjunaidi]

DCA is probably the safest. However, If you see a coin pumping and you want to join early - usually best to wait for the little dip after the pump. Try not to buy the top of any coin.

I agree with you, DCA is the best strategy for investing in cryptocurrency, because it can make us get profit quickly, but I still recommend to investing in popular and useful altcoin, because it's safer for you, so of course with you invest and do DCA, then you will definitely get a big profit, therefore I never recommend to investing in meme coin or new altcoin, because of course it is very risky for you.

[South Park]

DCA is probably the safest. However, If you see a coin pumping and you want to join early - usually best to wait for the little dip after the pump. Try not to buy the top of any coin.

I agree with you, DCA is the best strategy for investing in cryptocurrency, because it can make us get profit quickly, but I still recommend to investing in popular and useful altcoin, because it's safer for you, so of course with you invest and do DCA, then you will definitely get a big profit, therefore I never recommend to investing in meme coin or new altcoin, because of course it is very risky for you.

DCA is a great strategy, but only if you use it on the right assets, if I am perfectly honest with you I would only feel comfortable using DCA with bitcoin and ethereum, as I have no confidence in any other coin when it comes to their long term viability, and we have many examples of this, coins which were at the top and that everyone thought they were solid coins, which at the end disappeared in a matter of days as people eventually found out the coin was a scam.

[lobo13hf]

I'm just buying regularry when i got some money from my main job. So every month i spend 30% my salarry to buy some alts and btc. I already do it more than 2 years and when the bullrun comes i'm just gonna sell it.

i wonder if you're also buying it when the price just near all time high because that would be really bad entry meaning you will be wasting your time. i think strategy is still necessary in your case here.

[barhavsky]

this one thing could be rougly determined from technical analysis honestly I doubt someone could determine this without any technical analysis, though DCA method is one way to get profit and find better entry but it still requires investment overtime which easily means we might also get some bad entries, but with technical analysis i guess we could get rougly estimation of when the market gonna bottoms out.

the most important thing is we have to choose the right cryptocurrency before doing DCA, because when doing DCA in a bad cryptocurrency or shitcoin, then of course it's just a waste of our money, therefore I recommend investing and DCA in cryptocurrency that are in the top 10 on coinmarketcap, because it's safer and for sure the price will increase, so it can give us a big profits in the future.

[waONE]

this one thing could be rougly determined from technical analysis honestly I doubt someone could determine this without any technical analysis, though DCA method is one way to get profit and find better entry but it still requires investment overtime which easily means we might also get some bad entries, but with technical analysis i guess we could get rougly estimation of when the market gonna bottoms out.

the most important thing is we have to choose the right cryptocurrency before doing DCA, because when doing DCA in a bad cryptocurrency or shitcoin, then of course it's just a waste of our money, therefore I recommend investing and DCA in cryptocurrency that are in the top 10 on coinmarketcap, because it's safer and for sure the price will increase, so it can give us a big profits in the future.

True because a mistake in choosing a coin will only waste money and time,
it's very unfortunate for sure if that happens then do some research first or your advice is investing in the top 10 coins in CMC,
what is clear is that all decisions are in the hands of each.

[rojan]

this one thing could be rougly determined from technical analysis honestly I doubt someone could determine this without any technical analysis, though DCA method is one way to get profit and find better entry but it still requires investment overtime which easily means we might also get some bad entries, but with technical analysis i guess we could get rougly estimation of when the market gonna bottoms out.

the most important thing is we have to choose the right cryptocurrency before doing DCA, because when doing DCA in a bad cryptocurrency or shitcoin, then of course it's just a waste of our money, therefore I recommend investing and DCA in cryptocurrency that are in the top 10 on coinmarketcap, because it's safer and for sure the price will increase, so it can give us a big profits in the future.

True because a mistake in choosing a coin will only waste money and time,
it's very unfortunate for sure if that happens then do some research first or your advice is investing in the top 10 coins in CMC,
what is clear is that all decisions are in the hands of each.

Yes I think we should always check the coins we are going to invest in before investing. If we invest in the wrong coin we will lose our money completely. There are many coins to invest in which we have to find out.  We have to do and invest. If we make any wrong decision it will be a big loss for us. We have seen many people lose their money by investing in wrong coins. So we always have to be careful.

[fmz89]

I've been interested in adding Optimism and ImmutableX to my portfolio but their price has been inflated after big run ups.

Now they are both in freefall and I'm considering an entry point.

How do you decide where to take the plunge?  A certain %drop from the top or a %above bottom?

Or do you just look at previous levels as the traders always mention, Optimism is getting close to some previous tops at $1.3 for example?

Or do you get buy targets from another source?

to be honest those time low entry already passed in most of coin,
looks monthly/weekly macd chart, remember there is -90% and get another -90% in the last flush mostly before btc halving, dont go all in in same time, dca is ok,
day trading is safer just in case something bad happen, go all ini atleast 1 month before halving or sometimes big discount before halving, now seems etf hype will drive all crypto move faster beyond expected

[Bolivar_Tony]

It's always difficult to tell the price actually, so i choose a particular price and make it a target price for both buy and sell, If the price gets there; fine if it doesn't i will wait until the price gets there, there is no need chasing for price rather set your own target price.