Start here. CJ
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whatchadoinI already know that and the link doesn't explain the differences I'm looking for.Learning a language is about using our senses to observe and absorb. Even though much of the learning process is mimicking, imitating and copying patterns from native speakers, and validated source, the resultant know-how and fluency actually come from const
whatchadoinCan I use them interchangeably?Yes and no. Yes, in a general way. No, if you are interested in all the nuances.
whatchadoinIs it OK if I always use present continuous in such cases?I doubt it. There aren't many situations like this in English where you can say "Always do this".
whatchadoinIs the third also acceptable here?Yes.
whatchadoinDo these both work?Yes, but I like "I'm not going to buy it" better. "I'm not buying it" sounds like you had already planned not to buy it, but you were just asked the question, so you probably hadn't planned anything yet.
whatchadoinShould I just use what I think it sounds good?Yes. Definitely.