Post
Topic
Board Speculation (Altcoins)
Re: Is it a good time to BUY DOT???
by
blockman
on 03/12/2021, 12:37:24 UTC
I want to know is it good to buy Dot right now or any crypto, I am curious because i have a cash laying around.
If you think that $36 is already a good price to buy it, you buy. But if you think that it's too much and there will be another dip that will make the price lower, you wait.
There's really nowhere to go if you're going to ask someone if it's good time to buy a crypto right now. Everyone will give you just the idea of buying at low price and selling at high.
Yes, that's the point in the crypto market, buy when it goes dip, sell at high. If you want to find references other than prices, you can use the technical analysis method in determining the next step because there are already many references on YouTube. but fundamentally DOT is very promising so you don't have to worry too much about entering at any price as long as you invest for the long term
Do not be too trusting with the YouTube videos about technical analysis. Many of them are just bluffs and making themselves an expert but they're not really showing that they've got.
They're also resourcing from the others so it's just like passing of information and you don't know who's the origin of it. If the information you get there is somehow accurate then that's good, but most of the time, they're not.