Ninjastic
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Board Trading Discussion
Re: How to know when to BUY?
by
BarbieCasino
on 02/06/2018, 19:29:50 UTC
Quote from: normanderecho on May 31, 2018, 01:28:31 PM
Quote from: Gwapoman on May 31, 2018, 12:23:25 PM
Quote from: tesla80 on April 17, 2018, 10:00:56 AM
Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;
  • Check the coinmarketcap.com and choose ones with high volume
  • Check the projects
  • Check the chart, if it is pumped, don't buy, wait
  • Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me Smiley

I will try to give merits to good posts as much as I can.

Thanks.

Choosing an altcoin to buy is very difficult,with tons of alts popping out everywhere you really need to spend some time doing some research what good alts to buy.

When im buying altcoins im always looking at their *concept,use case and the team behind it.
*Joining their chat groups where i can have a chance to ask questions to the founder and devs.
*i usually ask things about their whitepaper,roadmap and projects developments
*if I'm satisfied with their answers and they really have good knowledge with what their doing its a good sign that those devs and founder are IN for a really serious project.

And for trading,all coins/tokens will always have their UPS AND DOWN..for me its advisable to focus on few alts rather than riding the hype and buying different coins everyday..a frequent monitoring of the market is really needed especially when you do day trading so its better to focus on few good ones rather than monitoring 25 kinds of different alts.with this you can still have time to monitor and have more idea about their price history,upcoming plans and project developments.

Someone just shared this strategy to me and its working good for me so Im hoping it work for you as well.There are lots of strategy you can use in trading,just always be open for sharing and  discussion with other traders and you'll really learn a lot from it..





For me if i have a chance to buy a coin i will buy if the price will low because no one people buy in a high price if you have planning to invest because if you buy in a high price theres a possible your money will loss so that buy a coin if the price is low and hold and wait if you think you can get a profit so its better to buy in a low and sell if the price will expensive.
It is as simple as we have observed and seen different markets of different values and this is due to the demand of the product. In case of cryptocurrency the factor which is controlling the value is the demand of the people for that currency. If you want to invest in crypto market then invest in a market where demand is low and the price is also low so that you would be able to get large quantity coins on less investment.