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RE: 'Day-trading' cryptocurrencies, is it worth it on a budget?
Too much stress for me , I buy and just hold mostly, Say you sell ETH at 300$, and willing to buy back 275$ to gain some Eth, Eth hits 280, you still waiting, now if Eth goes to 350$, are you still waiting?, or you saying screw it and buy back in at loss, I know people who waited for BTC to hit 1500$ never happened, now its past 4000$. Also only invest in what you believe in, if you holding it long term.
You're absolutely right. It isn't worth the stress. There's certainly no magic formula and waiting for a drop has never worked. The best option always seems to be to buy as soon as you possibly can and hold for as long as you can. It's not worth being a slave to pennies on GDAX.
What I find out the best time to buy, is when bitcoin loses more than 25%-35% , its hard for bitcoin to lose more, and a bounce usually occurs without going much lower, that's about the best time to buy, but one doesn't know when that happens, but if it does, Its easy to spot. 2800 to 1800 , 3000 to 1800, 5000 to 3000, know the low support lines , right now low support is 3000ish and highest is 4160.