Post
Topic
Board Trading Discussion
Re: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ?
by
panjul07
on 05/11/2018, 01:19:33 UTC
Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising.  Cool
Well buying when the price drops sharply is really a great strategy to do but now i am sure that many people is not buying a lot of coins because the market is unpredictable and i know many people now dont have a lot of money to buy more coins.

Buying when the price drops sharply is not always great strategy as there is no guarantees that the price will raise after the drop. It can be even get lower and lower after you buy it, so the we need to know when is the best time to buy. I would prefer to wait a small pump after the drop or wait for a sign where I think that the price is going to raise.