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Loly

Do not buy after the price rises

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On 2/5/2020 at 8:12 PM, Janecai said:

No. I am waiting for the right moment when I want to buy. And I'm not in a rush when I want to buy it. And I think it's good depending on you.

I agree with your opinion that even in a rush of words most people will experience failure or loss so it's better to wait for a good price and then you can buy it, so you will definitely get more profit when selling more expensive.

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8 hours ago, breathit said:

Something rumers pumps the price . At a few factor massive wheals pumps the cost. So between make use of specialized investigation and critical investigation. And take after some veritable YouTuber s. And take after Bloomberg which is rather exquisite for cryptocurrency news.

The analysis most of the time paint the rumors in market by their theories and encourage people to buy ,hold and sell.Then later their words be taken away by other social media platform users.They exaggerate the coin and make people to move toward that coin.

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That's true, I am new in trading but I know that you should never rush in trading. I think they are rushing because of greed, Don't be greedy learn and discipline your money. Trading might be risky but doing what is right can lessen that risk. Learn and understand everything, And apply it to your self and you will be a great trader.

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Yes absolutely you are right, this is a mistake that the beginners always make where they run behind the price and do not wait for it, and in the end they lose, two tips that I can give you.
Don't run after the price, let it come to you
Also, do not rush to sell when the market reverses.

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Yes that's true, one of my mistakes is that I didn't buy crypto while it's low and now it's high I'm sad because I repent not buying when it's low, but I learned now what I will next time it happen. 

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How do you know the price will not rise further than it is now?

 

Once you know that something important is about to happen in the crypto space, buy.

E.g BTC halving.

Then sell your crypto few days after BTC halving.

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If the exchange rate of Bitcoin goes up and does not decrease in an average time gap, they become angry and start buying Bitcoin. As for me personally, I go looking for other reserves to contact buy Bitcoin at a lower price.

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Yes we must let the Bitcoin reach it's climax. After that surely it will fall down within some time , at that time if we managed to buy btc then surely we will have huge profits and motivation


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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Choose the timeframe for entry and exit carefully

Many traders are confused with the conflicting information that occurs when looking at charts at different time frames. In fact, what appears to be a buying opportunity may appear on the weekly chart as a sell signal on the daily chart.

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Some panic seller sold their hold in low price then cursing himself and then buy it in high price and then sooner prices become to low and then these kind of traders lose their own money. So don't buy at high price. 

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Yes agreed with you do not buy when price is increased already but people  prefer short  time earning .( Let me add ) in my opinion  beat time for purchasing is when price is very down and hold them for long period until price is cross your limits  . Patience is key of success 

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Do not buy any cryptocurrencies as their prices go up. If you buy this time then you will not get profit from this. Determine your deal size wisely. Doing so will help you maintain discipline in the case of heavy transactions.

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10 hours ago, Luv4me said:

That is a good advice we make such mistakes because we don't want to be left behind.

Yes, if you follow these tips that I have mentioned in my response, you will be fine in the market and at the end of the day the price will return to you so you never worry.

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Place the trading breakpoint close to the entry point and exit due to volatility in the market. I have seen traders place stops at the first support in an uptrend, and of course they are taken out.

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On 12/17/2019 at 2:32 PM, Loly said:

 

The common mistake of almost all new investors is that you buy a cryptocurrency at a time when its price has increased rapidly and in a short period.

 

 Let us assume that the price of bitcoin at the present time is one thousand dollars and without notice it has become two thousand dollars in the first week and then three thousand then five and then seven thousand dollars, do not mistake and think that it will always go up because it will reach the saturation stage and its price begins to fall and this is the nature of the markets, the price correction is coming and opportunities always Repeat.

 

 TIP: Never rush and know that the moment you know the news of a rise in high numbers, it will be too late to buy it, and look for other opportunities.

 

There are increase of price that is good to buy. What will be the best replacement to your topic will be "Don't buy once the market is in the peak of bull run". Because if the bull run is still in progress, even if the prices will increase there is still a good chance that you will profit. 

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The best part of forex is to enter the market at the right time. When the price rises, use oscillators to guage the over- bought condition to know when to enter a short trade and vise- vasaa.

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On 12/17/2019 at 7:32 AM, Loly said:

 

The common mistake of almost all new investors is that you buy a cryptocurrency at a time when its price has increased rapidly and in a short period.

 

 Let us assume that the price of bitcoin at the present time is one thousand dollars and without notice it has become two thousand dollars in the first week and then three thousand then five and then seven thousand dollars, do not mistake and think that it will always go up because it will reach the saturation stage and its price begins to fall and this is the nature of the markets, the price correction is coming and opportunities always Repeat.

 

 TIP: Never rush and know that the moment you know the news of a rise in high numbers, it will be too late to buy it, and look for other opportunities.

 

well that's not right because some times it is good buy after the price has risen. there are a lot of different strategies, for example you can make money on breakouts.

if you have a good strategy you can make money during/after a pump, but it is obviously risky and you need to know what you are doing so this is just for good traders

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Buy at the bottom and sell at the top, not the other way around. This is one of the basic rules to be a successful trader and not FOMO and we must trade according to the analysis and not according to what we feel


I am very happy to be here to help everyone,
If you benefit from my comment, do not forget to click on  ❤️

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Thank you, these tips are very valuable, the opportunities in the market go and return, but if the money goes it is difficult to return, so entry after the rise in the price of a particular currency is very dangerous and we have to wait until the correction is done and then enter the best possible price to achieve a good profit and with less risk .

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You are right, my friend, it is very dangerous, to buy after the price rises and the opportunity is lost, then the profit rate in it will be weak

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On 17.02.2020 at 00:20, plavtibunk said:

How can we buy after the price rise. We buy at Lowes price and sell at high price. This is the benefit of a good trade. 

Don't depend how numerous instances you are saying that severa sellers are nonetheless making plans to drop for exhibit creators entice and purchase the tops, whereas instep they are able to atleast keep up for remote higher;a miles better;a higher;a more potent;an improveda better phase price which could happen most of the time.

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Very good point friend.. That is the biggest mistake to many traders who are always failing in their trades, never buy bitcoins when the price is high because the aim of bitcoin its to buy it, keep then sell it later when the price goes high, so you cant sell it for a profit when you buy it in a high price.. The right time to buy bitcoin its when the price is low.


Time is the ultimate weapon!

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Agreed,never ever buy during its price increase and after. Wait for its correction and price drops,otherwise you will get rekt,as after every increase in price has its decrease.

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On 12/17/2019 at 8:32 AM, Loly said:

 

The common mistake of almost all new investors is that you buy a cryptocurrency at a time when its price has increased rapidly and in a short period.

 

 Let us assume that the price of bitcoin at the present time is one thousand dollars and without notice it has become two thousand dollars in the first week and then three thousand then five and then seven thousand dollars, do not mistake and think that it will always go up because it will reach the saturation stage and its price begins to fall and this is the nature of the markets, the price correction is coming and opportunities always Repeat.

 

 TIP: Never rush and know that the moment you know the news of a rise in high numbers, it will be too late to buy it, and look for other opportunities.

 

Thanks for the topic it was helpful to me as a new trader. Good luck and you got a heart 💜❤ .. 

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This depends. The price can rise and i can still buy if they price will still rise. I did that for litecoin this year when it was at $54. 

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