Many people are looking for indications when is the best time to buy a crypto currency.
What are your thoughts or tips on that?
The biggest factor that you would consider is the price because the golden rule is always buy low sell high. But be careful also to choose those coins that are already gained the top spots. If these coins become cheap, buy them. Also, monitor their project for any updates and announcements.
yeah of course all users will do the same because basically the strategy to trade altcoin is buy low and sell high, but we do not know when the price of an altcoin can be said a low price to buy, while it is very possible that the falling price will continue to fall after you bought it and then you lose your money lol
It is not only the altcoins or some specific asset strategy but all the traders around the world work on the principle "buy low, sell high" regardless of what they are dealing in. there are some altcoins that have some real potential to increase with time like ethereum, waves, Monero, litecoins and neo. Investing in them won't be a disappointment.