Post
Topic
Board Trading Discussion
Re: 5 errors when buying crypto currency
by
metenjean
on 06/02/2018, 07:57:11 UTC
-Do not buy when the market is already overbought. Wait for a rollback.
-Do not sell when everyone sells.
Here is the main message of this article. Patience is always rewarded.
No one can determine the exact point of sale or purchase. Only analysis and your assumptions.
There are plenty of information on the ICO scams on the forum.
But if necessary, I can write my own set of rules, how to analyze ICO Smiley
I dont think you got what i mean in the last post, i do agreed with your opinion about not buying ICOs when it reached a peak price and how to analyze it will be based on individual perceptions, but the one i was asking is what you said not to buy when market is already overbought and not to sell when everyone sells, how do you determine whether the market is already overbought or oversold?? BTC already had downfall since it reached $18k, and i sold all my bitcoin when it reached below $10k, and i regretted it more if i dont sold it at that time. Patience is rewarded but ignorance isnt the same as patience, perhaps trading strategies is more than rewarded in this time  Grin