That's why the cool kids use Limit Orders

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(Edited)

You just never know.

I'm pretty sure most of you did notice that insane red candle that appeared out of nowhere and made some serious noise. I'm not going to go into numbers as it doesn't really matter at this point. I'm not looking to sell my bags any time soon, so I'm happy with whatever these days, but a good buying opportunity is always welcome as far as I'm concerned. I'm convinced that the space has a bright future ahead, and that's about it.

But how do you time the market correctly? I'm still in accumulation mode and looking for some good entry points, so how do I get them?

Solana.jpg

That's right, you don't.

You just can't time the market correctly. The space is a living organism, evolving and changing dynamically, and you never really know what happens tomorrow. I mean sure, the pattern is there as the crypto industry has been growing at an astonishing pace over the last twelve years or so, and in this sense we do know that the tech behind it all is here to stay; BTC and competition aren't going anywhere.

However, you never know what happens short-term, even when it comes to the most trusted peer-to-peer network there is. Buying BTC at $44k is much better than buying at $52k only to see it take a 15% dive within a few hours. The market is unpredictable. Furthermore, there are so many new promising projects popping up out of nowhere. All the damn time.

Some of them present huge opportunities to score insane returns within a short period of time, and most of those won't appear on your radar before it's ''too late''. But even if you're not the type to waste time with new alts and prefer to improve your current positions, there's a common denominator. Everybody loves discounts, and in crypto you can score some big ones using limit orders.

Just place some ridiculous orders and hope for the best.

If you have spare funds you would like to invest but don't feel like rushing it, it pays to place some cheap buying orders and wait until you've made up your mind. You may find yourself in big profit in no time, as was the case with all the legends that bought SOL at $138 only to see it cross the $189 mark some 70 minutes later. 99% of the time it's the wrong move to attack sell order books.

The space is strong and thriving, but fluctuations are a real thing. Use them to your advantage and never FOMO. Set goals, hold your stacks and look to grow them whenever the opportunity arises. Don't be in a rush; the best thing about the crypto game is that such amazing opportunities won't cease to exist. If you feel like you've missed the train, just wait for the next one.

My guess is you didn't even know about Solana ten months ago when it was swinging around the $1.2 mark. Did you?


I appreciate your attention.

Alright guys, that's it for now. Thank you for taking the time to read those lines.

Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.

Stay safe and have a good one,
@lordneroo


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7 comments
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Smart move, I’ve done this few times too and to my surprise it went through.

I missed out on the solana bus, it still baffles me how it was so low key few months ago and now worth triple digit figure. Crazy.

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Same here, I never saw it coming. Some good LeoFinance folks recommended it a week ago, but I didn't pay attention. Silly me.

The good thing is I managed to get some cheap RUNE and ORN thanks to some limit orders I had in place.

!LUV

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I was really surprised, and happy, to have a low limit order go through yesterday. I'm dollar cost averaging and was preparing myself for increasing prices so it was a very welcome surprise/

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Nice, it's always a good option to place some low limit orders and hope for the best.

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