Quote from: thebutton on April 27, 2020, 01:59:42 PM

If you are aiming for a long-term then you don't have to worry that much with the prices. In my case, I buy BTC when I deemed that it was below what I consider as the "normal" price which is subjective to me of course. You can do your strategy tho buying every month despite the prices but I suggest to analyze through maybe through the news, if you are doing TA (which I don't familiarize myself yet with this) then you might want to use it or just simply the graph itself. You might want to use these to determine on how much would you buy this month and the next months or would you rather not just buy at all yet.

That should be the right way, you should wait patiently for its price to become less than the normal price so that you have a certain percentage of profit. The only crucial thing here is the waiting game, the duration of how long will its price to become lower compared to the original price before it moves. Sometimes you just need to seek information in the internet if there's a news related to the effect in the economy then you should perform technical analysis properly. If you have good speculation and prediction then your strategies should become effective and will really give you profit. Analyzing the graph of the market will make you have some ideas regarding the changes and movement of a certain coin's price.