Quote from: rathaha10 on June 06, 2020, 08:41:17 PM

Quote from: TurboAMG on May 15, 2020, 02:06:54 PM

Hello All,

I was hoping to get some advice as I am brand new to crypto and trading. So if I have bought an Altcoin or bitcoin at a higher price than it is now should I sell and buy the dip or does crypto not work like that? I am trying to find the best way to start making small profits.

Any help is appreciated.

There's just a simple logic to cryptocurrency trading and how to easily make money; everyone will tell you to buy a coin when the price is at the lowest and sell when the price is much higher than your entry point, it seems simple right? Well, it is tedious and more difficult than that as knowing when a coin is at the lowest and when it is at the highest is the greatest challenges traders often face in this market

Yes. The most basic rule in trading is buy at its dip, and sell it when the price has made a good increase. But if you don't know when will the coin reaches its dip and its peak price, then you will still lose in the end. This is the reason why you should enter crypto trading prepared and has already practice your own trading skills. Study the crypto market first and how those coins move so you can create a good analysis that can lessen your losses in trading.