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Keith700

Buy or sell, market sentiment

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On 4/26/2020 at 10:01 PM, Ridam said:

If you have good Investment then the concept is simple like buy when price drops and sell when it hikes but for that we have to monitor Market properly give time to it.  And we have to study the thing before Investment in any coins and exchange.

What you mentioned is basically true but the problem occurs if we discuss the details. Buying when the price goes down is both clear and ambiguous at the same time! What is a low price? Every trader has a distinctive imagination of low price. For example, I say $150 is a low price for ETH but another trader says $200 is low enough for me! The same story goes for selling price too. I may consider $300 a good value for ETH but you may prefer to hold it until it reaches $400. These differences in opinions are what makes trading complicated but a careful price analysis for each coin will solve problems.

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On 10/18/2019 at 11:51 PM, Keith700 said:

Buy or sell, you decide what to do.
The crypto market is usually super sensitive to any type of news that can directly influence the direction of a digital asset.
You must always take into account the fact that evading the FOMO and the FUD, is the most important since certain personalities always seek to create weak hands for them to benefit, that is why thinking like a whale is key, otherwise you will always be nervous to all.

The crypto news regarding BTC gives impact the market and the prices start fluctuating which is not good thing this always happened because of whales who disrupt the market movement and bring down the crypto currency prices. The newbies start selling the coins and spread rumors in market to bring selling trend. Always follow the authentic news and make strong will to follow your working plan. 

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The common way to make a profit is through the process of buy if the price is low otherwise sell, but don't forget what was the price of the crypto you bought last time before selling it, because if it is high compared to the current price then you face some losses, it should be the other way around that the currenct price is higher compared to the price you previously bought your crypto, in that way you will definitely make a profit. 

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On 10/24/2020 at 11:52 AM, bogdanoff said:

We trade and sometimes fomo helps because it can last for years utnil price reaches the top. Fud is more important because it will make us lose the plan we have and we will have a lot less profits.

Those are exactly what we need to look into my friend but some people don't know this which is why they find it difficult in this field and the last thing i will like to add in contribution is that we should always be patient whenever we are in cryptoworld because Volatility is the nature of Cryptocurrency.

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22 hours ago, overkill11 said:

Buying or selling is very dependent on the market, nothing you can do but to adapt on it because if you try to think you own the market you will surely lose money and suffer loss

The best thing to do in this cryptoworld is to excercise patience whenever you invest on coins because only by that you can earn some profit and since we all know volatility is the nature of Cryptocurrency then i don't see why some users panic after investing because i believe as long as you Invested of good coins you will definitely earn some profit after sometime of holding.

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Yes everyone has emotions and these emotions can destroy you if you are in trading so always be careful while trading and keep away from emotions.

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You can buy when the price is down and you can sell when the price is high. As much as possible avoid fear of loss before starting trading, avoid FOMO, we know that every investment there must be a fear of loss, if we don't master fear, we better not need to invest. Be like a whale so that we avoid losses and also FOMO.

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The market is all about sentiment, this was correct to read from this post. It is always been about sentiment of the traders and the trend is always what we follow but take a look at this, do we make more money when market drops or when it rises? I think you know the answer and this is why bears are less in control of any market.

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My friend buying and sale is all depending how the price of bitcoin because purpose of trading is too earn profit 

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In order to avoid this loss, you must adhere to your analysis of goals and exit then and always rely on the stop loss, in addition to capital management They are the most basic rules in the trading market for success and non-loss.

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Well, we need to buy first some cryptocurrency coins before we sell it, if you already buy some coins, all you need to do is to wait to increased it's value in the market and sell it to higher price, make as a based the buy low, sell high.

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My friend to activate the reasons that you have to analyze the currency market that hashened them .... If they are low you buy from the currency if they are high and you sell all your doctoral and enjoy a good profit of the selling and buying teams so simple subject but currency curves must be studied before selling and buying thank you

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13 hours ago, abohasnn9 said:

If they are low you buy from the currency if they are high and you sell all your doctoral and enjoy a good profit

Well, that's true buddy, this is the basic thing that you will learn on how to trade properly because this is how the trading works on how to get money with it, just keep learning from trading to become a good trader in the future.

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To be aware of market sentiment, you can check greed index. This index is still high and keeps prices as high as possible. Despite this, every now and then some coins fall and stay low for a few days before rising back again like bitcoin that fell to $18K and rose back to $19.5K. These ups and downs are good positions if you want to buy and sell continuously. I think greed index will be high as long as crypto media is full of news about bitcoin breaking records. Even some wallets have started competitions and offer gifts to those who guess the date in which bitcoin will hit its new ATH!

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Don't be persuaded or Carried away by the inclination of trading, the simple logic is be current and updated with the genuine news, information of crypto currencies like coin telegraph, CMC or coingecko etc, and try your utmost best to control your emotions towards the market movement to enable you have successful participation

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that's true , whenever a currency reach a new price it never reached before either it was a pump or dump then people get confued what to do and some get controlled by their emotions and start selling or buying the currency and then they end in loss or missing the chance to get profits , we should think well before taking a decision in such situation

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On 10/18/2019 at 8:51 PM, Keith700 said:

Buy or sell, you decide what to do.
The crypto market is usually super sensitive to any type of news that can directly influence the direction of a digital asset.
You must always take into account the fact that evading the FOMO and the FUD, is the most important since certain personalities always seek to create weak hands for them to benefit, that is why thinking like a whale is key, otherwise you will always be nervous to all.

Thanks friend for your advice, it is true that to trade it is extremely important to think like a whale, not be afraid that the inverted currency goes down, have the patience and control to wait for it to rise to the price you expect, that is the key. for success in trading...

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I agree with this and for an example in march 2020 if you ask anyone if he buys Bitcoin at 20000 the answer will be defintley no while now rhe answer will be yes although it's the same price but different time 

 

That's why we should be careful about deciding if we buy a currency or not at some price and shoulld analyze its movement first

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This is just a tension if you don't know how to buy on time and aell it on time.you could cjoose your earning in the mean time by suggesting a single cryptocurrency.  Thanks


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On 10/18/2019 at 11:51 PM, Keith700 said:

Buy or sell, you decide what to do.
The crypto market is usually super sensitive to any type of news that can directly influence the direction of a digital asset.
You must always take into account the fact that evading the FOMO and the FUD, is the most important since certain personalities always seek to create weak hands for them to benefit, that is why thinking like a whale is key, otherwise you will always be nervous to all.

Thank you for your advice but I have my own method lol I simply buy the coin when it have low Price and wait for it when it price will again rise and when its price rise again I buy the coin like this I get profit but we elect the currency carefully because many are scams I usually select the top currency and I always get profit and I think it is best.

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If you want to turn on more then you start trading Purchase and share your coins Because trading is a very high profit. And this is also the best idea to work on online low work trading. Because after trading a very Good platform and earning platform .

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patience and the division of wise capital is the secret, because in the crypto markets you really cannot expect what the price will be after a few minutes

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The market is not always about Fomo or Fud, these are bad indicators and we shouldn't listen to them, but there are times when the market is having a very healthy price increase that could be rapid but it is coming from new investors and not from fomo. The sentiment of the market is important to understand as this is how we should trade and not go against the trend or try to find the top and the bottom.

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Going against the market trend is a good strategy. When there is all round selling, BUY. When there is all round buying, SELL. This will bring in the profits.

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Dear friend we should buy cryptocurrency when their prices are low and we should sell them when their prices goes rise in this way we can earn very good profits but before doing this we must have to get a good knowledge about cryptocurrencies in order to generate good profits.

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