I've seen several times that every altcoins doubles the price in a single day which means every coin or token has its opportunity to boom. No. This is a wrong conclusion. The reason of rising in price is only demand/supply ratio. If there is a sudden rise and a sudden fall it means the rise was inorganic/manipulated. If there is a slow rise it means there is organic growth, people are buying because they believe this will be going up. For altcoins the first statement is almost 100% accurate. If there is sudden rise, it is a pump and dump going on. This is a bad omen for the long term and you should exit it before it dumps. IF BTC price does down they drop but suddenly they skyrocket by the next day itself, it's pretty hard to judge which coin might pump for the next day. Now this is a different topic. Bitcoin is followed by altcoins is a common phenomena. But there is no such indicator or metric to judge whether it will move up or down, usually they follow bitcoin. Is there any specific website which might help me to identify? No. Also stop depending upon websites for such information. Use the charts if needed from websites but dont look for identifying when to buy or sell. That should be done by you and only you. I am saying this only to stop you from falling prey of fake signals groups which are a part of a scammers guild. Agree, I try researching on their own websites I mean the coin which gives me a oral view. Also news makes noises in the price and yes ofcource if it is going to be listed in big exchanges the price automatically goes up right. This is how many people predict the market and it's capabilities... And yes like you said chart is the key factor this will surely bound our scalability... |
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I've seen several times that every altcoins doubles the price in a single day which means every coin or token has its opportunity to boom. IF BTC price does down they drop but suddenly they skyrocket by the next day itself, it's pretty hard to judge which coin might pump for the next day. Is there any specific website which might help me to identify? Kindly share your thoughts.
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BNB is now in my favorite list and I am really excited to see the price movements each and everyday the price drops only if BTC goes down but it is not losing its momentum which is the key factor, BNB is a safe and reliable asset for me and I believe there could be big changes in near future because its already ranked as the top exchange in the world of crypto and we can expect more and more for long-term.
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Well this sad story will keep continue unless the SEC gives green signal to XRP, tons of investors are desperately waiting to see a positive news from the Court. But unfortunately there is no any positive signs to proceed further, To me it looks like the bullish trend might end and the case will be keep on going.
I would love to see a the price of XRP goes up let's wait and see how it goes. I believe it may favor the public fund.
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it definitely looks like it although i am still seeing a lot of panic sells on the exchanges from newbies that has slowed down the breaking of $60k again.
i suppose if the $60k resistance is broken then the same panic sellers turn into panic buyers and we'll see yet another classic bitcoin FOMO and can easily see $70k+ by the end of the week.
Yes, it's strange situation or mindset of newbies wherein they rush to buy on every pump in FOMO and the same freebies starts panic selling on the first dump itself. I think Bitcoin will sure go on a rally once it crosses $60k resistance mark but there might be one more correction phase or dumo before it eventually crosses $60k. |
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The last 5 months have been an uphill ride for most of us wherein we have gained so much in altcoins especially those coins which were literally dead or simply considered as shit coins like HOT(Holo), Pundi but they have given massive profit with unexpected pump wherein XRP, XLM who were front runners at the beginning of bullrun are at standby mode compared to their previous bullrun during 2017. What's your though on this?
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I don't think so, as far as I know the majority of altcoins rocked this time and still it's going on. Starting from defi project then comes nfts what much you need??
NFTs and defi gave more profit than ever, all these were mostly holdings the proverb of being patience worked for many of them that's how we need to see the trend. Holdings always benefitted.
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Btctalk name: Kentrolla
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Well banks are always against the decentralized system because the reason I think is BTC can't be controlled by anyone in the world and definitely this will impact their business and the reason may be due to there is no value for the price who knows this might be even a type of FOMO which will make the BTC price drop as the panic seller's are always there in every market, and I believe many know what exactly happened last week just a single word from Elon musk Boomed the market for couple hours it's all in game so need not to worry just follow the market trend.
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It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
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It's really a great news without government involvement these stuffs cannot happen, I think biden's government is favouring their people in their own risk and this is what other people are expecting in their country as well.
All these things happening only because of demand which makes BTC and other crypto currencies more stronger than ever a clear picture for long-term investment and future.
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Massive rally goes the price went nearly 0.80$ then drops again which is quite good enough for short-term, I never expected this pump as SEC already made a rollercoaster.
There was no any positive news but still made a quick momentum. However I will wait till the court hearing this month and I strongly believe the decision will favor the public as loads of money has been invested let's hope for the best just a single decision of the court will change the price of XRP.
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I would definitely make it as an opportunity and invest again yes I did it twice and make some good profit, when the price goes down people sell it in panic.
Ups and downs are the nature of market and this decline will surely give momentum in couple of days big whales are playing a major at this point of time when the price goes down they jump and buy if the market starts trending they sell it which means short-term investment has a tremendous impact on our holdings.
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That's the spirit mate overcoming every obstacles in life is success I am happy that you have selected a right choice for future investment but make sure you won't get and struck and take decision with the help of Instagram, I guess Reddit is a good choice for crypto currency news where you get more informations.
Learn slowly and invest according to it don't rush and jump this will lead you to lose money, have patience like before BTC is a long journey more success to come on the way.
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The correction has already started and we are already experiencing it after it's ATH again it went down to 29k isn't this a correction? Obviously the price will go down in someday because the price was in it's extreme peak and surely the drop will happen and that's how the market is built as a proverb I've already said "Everyrise has a fall" so think and invest according to the market. Also follow the trend because this will surely help to have knowledge in crypto market.
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Banks core value is to make crypto a centralized coin so I think people will not consider and don't support as they do for BTC and centralized coins will definitely have regulations, if this happens then the Volume and fluctuations will not be as much as we expect.
BTCs image can't be ruined even if hundreds of coins come and go, has a high popular coin people will be craze on this for sure.
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Obviously they are the one who make big impact on the market but this is not robbery it's looks harsh, we can't blame them for these stuffs because that's how the market is made of and small traders should always be careful from such scenarios. Manipulation is a common phenomena and that's where we take risk only if we can take risk or understand the market we can make some profit, else we should make resolution for long-term  |
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BTC is an asset which will always dominate in Crypto market the reason behind this is people are crazy on this coin because of popularity and demand.
I agree government has the rights to ban the coin but that could be a wrong decision in my opinion the only thing we need to look is how convenient and secure is to the public and if they are ready to take their own risk then why need to ban a popular coin?
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One thing for sure is people are the one who will be disappointed because of such regulations, this isn't a get rich quick scheme people are very much eager to a change in their daily lives by investing some of their savings as Cryptocurrency looks really good they switch and start a new journey.
If government needs revenue let's them go by applying tax but Cryptocurrency is not dependent on anyone, so I don't feel they are taking unique decision on banning it.
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We really can't predict anything these days because the market is purely diplomatic DEFI projects are booming and price are unbelievable if we have a look on polkadot and ETH definitely polka is clearly the game Changer this time.
I was expecting like ETH may go to 5k this time because when compared to BTC but unfortunately it was not upto the mark as it was following its footsteps still I hope it will make a comeback anytime.
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