Post
Topic
Board Altcoin Discussion
Re: Buying low selling high ain't always successful
by
Psynthax
on 26/04/2020, 22:30:05 UTC
Buying the dip has its bad side and that's unable to predict market movement You buy the dip, it goes dipper. You buy the high, it goes dipper, you convert to usdt, it starts surging ....I quit buying low selling high for now
If you pass more time in cryptocurrency, you will more experience. From me I would advise you to passed at least 4 years then you will know what is coming pump or dump. In 2018 everyone was felling frustrated for crypto situation, some investor didn't believe that it will turn back. But who has experience, surly he knows that price will turn back. Still altcoins price is flat, you shouldn't miss it.
That's not really the truth even veteran traders still have hard time accurately predicting what's gonna happen in the future. There's no certainty when pump and dump gonna occur even if you have traded for many years and know all the trading pattern but that doesn't guarantee anything will go as planned.