When to buy in bearish market? When to sell in bullish market?

In dips one problem is that we don’t know how down can the market go. Then what’s a good time to buy without losing a lot and without missing the opportunity to buy cheap? Similarly in bullish market we don’t know when is a good time to sell by maximizing the profit. But we can have some strategies to help us.

I give an example by using $DOGE coin as it hit near 0.5 and now is experiencing tremendous dips.

Let suppose we want to invest 50$ in it. We divide it in several steps, price ranges. In each step we buy a portion of it. Lets do it with a concrete example.

First define our lowest expectation from the price of coin. Of course the very lowest is 0 but to gain more we may be more realistic and eg set the lowest to eg 0.2, the price before the November hype.

Then based on budget fix a step budget, eg 1,5,50, whatever you are more comfortable with. Here I take 5 which means 5$ . Let’s call this number B. Then again based on budget we divide range 0.2 to 0.45 into several steps. Let’s suppose we divide it in 10 steps let’s call this number S . So the gap is 0.25 and it means we have 0.025 differences between steps.

Starting from 0.45 the first step is 0.425, second is 0.4, third is 0.375 and so on.

Then what we do is to buy N$ doge in every step. At the end we bought N.B$ worth of Doge. Here it is 50$. But what happens if doge doesn’t reach the bottom? We managed to buy some in between prices. Not all of them were ideal but many are fine.

We can set our first step lower, choose better bottom, shorten the gap between steps incrementally, or use doubling technique, that is in lower values buy more and such variations.

This definitely is just a beginner strategy but it is less stressful and you don’t miss dips if they ever happen since it is simple to set automatic buy.

Similarly for automatic sell in bullish moments, again we can use similar strategy in a reverse direction (set upper limit and incrementally sell more).

Let me know what you think and what is your strategy?

Don’t listen to alarmists. Do what you want to do.

One says $BTC is booming to 1M the other says it goes down to 40k another says altcoins will surge. Nobody goes after them when their predictions are wrong. Many say do your own research, but barely you can make any research. Many things are decided behind the closed doors, your research is most likely worthless. Eg how many of you were aware that $PNUT will boom to buy beforehand? How many of you bought $VELODROME to sell cheaper later?

We are most likely the ones that never experience 5x growth in our main currency in short term, yet alone 100 or 1000. What we can do is to consider general setting and don’t focus on a specific currency, then decide on what’s the best in upcoming months, years.

The only option that one can make huge is to have insider knowledge or incredible luck. Then in this case, that’s not a normal person. So don’t waste your time with pointless charts and claims alarmists are throwing at you. Keep calm and don’t dream big, depict your midterm/long term strategy and wait.

Does anyone know about $VELODROME ? I just know that is a token based on Optimism network for velodrome finance system.

Is it a valuable coin with good fundamentals or another bites in the dust? Should we buy it as early investors?

What will be the price by eod?

#LockInProfits

My lessons from December #MarketCrash

Lock in profit and don’t bet too much on tools!

This is a second time that I lose everything I gained and this time it went even more, I lost part of my original wealth.

This might be controversial as some say stick to your assets and don’t panic sell. But the lesson that I learned is that I have to lock in profit. When the price starts to go down significantly, quickly sell everything. After all we have a tiny profit without losing anything. Better than nothing. Then we can observe what happens to network and later when the fog is gone buy again.

I knew I have to lock in profit, so I’ve set stop loss trailing sell already. But it was activated when a liquidation happened and I lost quite a lot.

So my next lesson: even if I set stop loss mechanism, better to monitor myself specially in market crash to prevent significant cheap selling.

What do you think? Better strategies?

Everything is crashing, but how $PEPE survives in this crash?

#ETH🔥🔥🔥🔥
#Layer2Tokens
#AltcoinInvesting

The hottest layer2 for $ETH altcoin with huge potential?

$ARB Arbitrum: It’s the leading Layer 2 scaling solution for #ETH that uses optimistic rollups. In simple words it batches transactions and enables speed up and cheaper fees.
It has a high potential since unlike other altcoins like $XRP or $XLM, it didn’t jump super high yet. Also since #eth is in bullish run it provides a high potential for the jump. Similar to ARB there is also Optimism ($OP) that uses rollup solution, but it is not as stablished as ARB.

This coin has a potential of #400% growth in midterm if bullish market of $ETH continues. It most likely outperforms every layer 2 altcoin for #BTC☀ .

Disclaimer: this is just an idea. Take it with a grain of salt and do your own research before investment.

What happened to $BTC and other major coins? For a moment $BTC dropped from 100k to 90k in matter of seconds. Then quickly started to recover but stayed around 95-96k for a while. Was it a game by billionaires to transfer their assets after market closed?

Just to illustrate how fast it happened: I had a limit buy order at around 97k and didn’t hope it happens tonight. Then I checked the account randomly to see what’s going on, saw that $BTC started to drop from 102K to 100K. I quickly went to lower my limit. But before even I manage to reach the tab, the order was placed.