When to buy cryptocurrency is the question asked by many in the era of constant fluctuation in prices on currency graphs. Perfect time for buying is when a currency price is going down, and Your trust and knowledge about that particular crypto are worth investing such a fundamental rule is buy only on dips, not when the price goes up. Purchase cryptocurrency it also matters of purchasing technology behind them. When based on blockchain cryptocurrency develops some of the problems which haven’t been solved yet, and at the same time, it dips it’s a moment to buy. Example of technology which can solve problems its Ethereum that’s not only cryptocurrency but also is a decentralized programming platform which allows programmers create of Dapp (Decentralized Applications) within of smart-contracts. There are some others such as NEO which is Chinese answer for Ethereum, and it can also help in developing new Dapps and ICO’s.
Next important thing that You should peek is a market cap in other words total amount of value of all coins and particular coin on the crypto market, the best site to check this information is https://coinmarketcap.com/. Everytime You plan your purchase you should always visit this website and a check amount of coin on the market and compare this to other cryptocurrencies. When we see significant uptrends on the graphs, we have to have in mind that it will be a pullback in the future. Pumping and dumping, sudden rising of some particular coin often end in falls 50% of height on the graph, and it’s a factor consider when to buy cryptocurrency, but it may continue to go down. Although It’s a big chance that it will increase value in the future when the line is on the 50% graph so we can take this consideration.
Sum up learning when to buy cryptocurrency and technical analysis, may be a long going process but it’s worth the time, some other resources that will help understand technical analysis are John Murphy books, starting from this crucial position: