Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on July 17, 2019, 07:08:38 AM
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It is well understood that a crypto investor must possess a coin with good potentials before sales can be made to make profit. There are also several ways to attain cryptocurrencies yet they all follow a very important principle which is the cause for the purchase or attainment of that particular coin at that point in time. They are normally called the indicators.
Every trader or investor has a unique indicator which triggers buying and selling. The most common ones include;
1. The event of bear market where most of the valuable coins are sold at relatively cheap prices
2. News which are capable of influencing the market
3. Big company joining crypto. eg Facebook
What other forms of indicators can be a good cause for buying and selling in crypto to maximize ones profit?
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Most of the time, cryptocurrency market reacts on any development in the crypto-space wethere is good or bad, Buying is almost common in daily trading sessions if you are a day trader commonly you didnt hold your cryptos beyond a day so buying indicator will seen everyday thats my opinion as a day trader.
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Most of the time, cryptocurrency market reacts on any development in the crypto-space wethere is good or bad, Buying is almost common in daily trading sessions if you are a day trader commonly you didnt hold your cryptos beyond a day so buying indicator will seen everyday thats my opinion as a day trader.
Crypto market reacts positively or negatively to new developments depending on the nature of the development. Some developments cause an upward movement in market price whereas others create FUD leading to panic selling and eventually a downward in market prices. What matters most is the ability of the trader or investor to identify the positive indicators or developments in other to make trades in response to that.
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I use technical analysis for buying, the news is less important for me. Rumors and news are crazy fomo fud triggers which can confuse my attitude. If there is fear in the market it is time to buy, if there is greed in the market it is time to sell. This is my attitude.
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aside from that, you must also set your focus on long term and set aside your emotion. IF you want to buy during the red market days, be sure that you are ready to lose your money because nothing is certain in crypto world. after you buy your crypto, just leave it and wait to moon.
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And Long term buying are not sold untill the stipulated time of sales are achieved, though not many guys can actually wait if price pump significantly. I think long term are not mainly for daily trading activities but they are meant to be for the future.
In addition, one of the indicators for buying a coin is the constant demand and supply of the coin(s). The high the demand, the rise in price.
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I think the news has the most influence to be as an indicator for investors to buy. People will buy because of the positive issues like the support from a government, new big companies, or big players. I also will consider to buy or sell because of the news.
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There are many indicators but to me an indicator for buying is when I see that the market has decreased in percentage of about 30% then I know that when I buy by all means it will rise for me to get an interest on it.
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Crypto volume is one the indicators of buying crypto, because it signifies the acceptance or rejection of the project. Even though volume sometimes it's fake like the whales doing a wash trading. But still volume speaks the sincerity of the price.
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OP listed some good indicators however, it's a bit tricky in the first two indicators. In bear market, very few people can see opportunities over fear. The crowd are afraid of today's high will be tomorrow's low. Besides, news that can affect market is also unpredictable. For example, no one can be sure if Libra's born and dead affected the market.
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Every trader using diff-diff method to analyse the market some using trend lines, support resistance and some using moving averages etc. to decide the trend. Even their are traders who does trading on naked charts as well. Ultimately I would say project dev also plays major role in their coin movement and rest movement depends on the demand.
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I made my own indicators for buying and I think other people also do it. The point is buying at a cheaper price, it will make you have an advantage of gaining big profits when the coins rise significantly. However, not all coins can have good momentums, so be careful to see their trends.
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I'm a day trader and use tech technical analysis most of the time and I think its been working just fine till this very moment but other key indicators includes news and volume
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Bitcoin is bought when it's red.
Bitcoin is sold when it's green.
Both of these methods are the most appropriate ones I have done, apart from FUD, FOMO, News and HIVE news.
It's the same for all altcoins but because it's too risky altcoins I better buy it with my Bitcoins capital of around 30%.
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Bitcoin is bought when it's red.
Bitcoin is sold when it's green.
That seems easy to understand but it is hard to do. Why? Because not all people know in what rates they are better to buy. Moreover, not all people can predict or analyze well about the possible trends after they buy. It is al about the experience and purely skills.
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The price of a coin can affect anything. for example, if a coin is added to some popular stock exchange or a big partner appears on the coin. As a rule, when positive news comes out that coin already long before it shows a strong growth. If you know in advance some valuable information and then buy. I trade in technical analysis but he does not always work
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It is well understood that a crypto investor must possess a coin with good potentials before sales can be made to make profit. There are also several ways to attain cryptocurrencies yet they all follow a very important principle which is the cause for the purchase or attainment of that particular coin at that point in time. They are normally called the indicators.
Every trader or investor has a unique indicator which triggers buying and selling. The most common ones include;
1. The event of bear market where most of the valuable coins are sold at relatively cheap prices
2. News which are capable of influencing the market
3. Big company joining crypto. eg Facebook
What other forms of indicators can be a good cause for buying and selling in crypto to maximize ones profit?
Yes, you are on points here , and i think that one of the indicators for investor having huge interest is circulating supply plus price equal volume ( ie circulation supply + price = volume), a very good indicators for liquidity; also for buying and selling cryptocurrencies.
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If you are a day trader, you can compare the chart EmA RCA crossovers volume and market ,traders sentiments doji shooting stars and hammer. usually the chart can reveal it! But it depends on many reasons. Buying indicators can be seen easily in dips if everyone has a guts to gamble.
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actually, your question is very easy. but it is difficult in its implementation. that is buying cheap prices and enough capital with private status. when the price of crypto digital currencies is said to be cheap. this is what most traders still don't know.
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if I were, the indicator I was watching was when the bear market hit and at that time I made sure to buy some altcoins like ethereum, litecoin, bnb and xrp. don't forget to also buy bitcoin.
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mostly i use the trend when buying ang selling cryptocurrency. The market movement is a good tool in making profitable decision. when i see the movement is starting to spike from a.massive.drop of price thats the time for me to buy coins. and sell it at the peak when price is starting to fall. this i called riding the market movement.
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It is simple for me to see the indicators to buy-sell. When the market is in bearish, it means the time to buy. Just wait for the best time to buy, learn the lowest price to happen. While for selling, I will wait for the significant rising. At least, the prices can move higher around 50%.
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It is best to invest in a promising cryptocurrency, in the one that will grow. For example, investing in Bitcoin is now risky, since it is in an unstable state, but in early 2019 it was very promising.
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one of the indications I took the decision to buy is the situation of the market is not safe that is the price is down. almost all the prices of altcoin including bitcoin I see are all down. so I decided to add investment that is buying to prepare when altcoin prices in the future rise its growth.
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I have no special indicators. I just buy some coins if their prices are going down and I can see that the next trend quit well. I won't buy as long as I don't know what will happen to the market. I don't want to be trapped, after buying the prices decline more. It is too risky.
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Correction time is a good time to buy. I think it is one of the indicators to buy, mate. So, when the correction time comes, everybody can prepare to buy some coins. However, we must be careful that it is the beginning of long bearish. So, analyze carefully the possible upcoming trend.
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Crypto volume is one the indicators of buying crypto, because it signifies the acceptance or rejection of the project. Even though volume sometimes it's fake like the whales doing a wash trading. But still volume speaks the sincerity of the price.
Yeah, volume is an indicator of liquidity of any coin, volume can indicate the direction and movements of the current market trend. Greater trading volume equates to more trading activity (selling and buying) and is therefore a liquid market.
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For coins in the crypto-currency market, their liquidity and trading volumes are important .
Patterns also work well.I have never used indicators and I think they are more useless.
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I usually consider the bearish time and current news to buy some coins. But I never consider the issue of a big company to join crypto. For example : Facebook. After the good issue related to Facebook coin to launch, today we don't see a high enthusiasm from people anymore. For me, it is just a small indicator and may bring impacts for a moment only.
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It is best to invest in a promising cryptocurrency, in the one that will grow. For example, investing in Bitcoin is now risky, since it is in an unstable state, but in early 2019 it was very promising.
I agree with this. If you manage to find a good and reliable project. You have a very good investment.
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The target market that includes token prices in the future, initially created bitcoin to make it easier for everyone to make payment transactions without a third party, now we see a lot of bitcoin ATMs making it easier for everyone to make transactions, there is a target market to make it easier for everyone to use tokens will be good for the price of crypto coins
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there are several indicators to buy something. one of them is knowing the price of the item to be bought. the price of the crypto market is always changing, so we must know the current price before determining which coins we will buy. so that we will not be stuck in the price so that we can later sell it back and make a profit.
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Price history is good, but fundamental data must be examined, like whitepaper, team, etc.
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In addition, volume also motivate greater buying and selling activities on most coins from the various crypto communities.
Volume can indicate the direction and movements of the current market trend. Greater trading volume equates to more trading activity (selling and buying) and is therefore a liquid market. Additionally, a higher volume backing a market trend – either a decrease or increase in cryptocurrency prices – signifies higher market activity backing the overall trend. This would potentially bring more sustainability of a given move.
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I adhere to the easiest and most reliable option for buying or selling cryptocurrencies, when the cryptocurrency market begins to fall very much, as it was last year especially, at that moment I started buying cryptocurrencies, and when the market will start to grow, I will start selling my cryptocurrencies.
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I adhere to the easiest and most reliable option for buying or selling cryptocurrencies, when the cryptocurrency market begins to fall very much, as it was last year especially, at that moment I started buying cryptocurrencies, and when the market will start to grow, I will start selling my cryptocurrencies.
This is certainly good, but what if there is no strong decline for example 4-5 years, you will not act? Or do you act during periods of micro-falls?