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Author Topic: The new drama has started in Altcoin  (Read 1575 times)
Vishnu.Reang
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August 11, 2020, 03:55:19 AM
 #81

The reality with altcoin market is that despite the sky-high trade volumes, the liquidity is extremely low. That's why we witness the prices dropping by 10% or 20% all of a sudden, when a whale enters the market to dump his coins. Forget about altcoins, this holds true even for Bitcoin. As we have seen during the last few weeks, a single trade can dramatically alter the exchange rates.
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August 11, 2020, 03:07:51 PM
 #82

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

Flactuation is a common matter in crypto as we have seen in the last 3 years. The recent flactuations for positive trend is not a bad sign. It is time for Bitcoin and Ethereum i think. Altcoins' good time is waiting if anything negative or rumor isn't happening in the next few weeks or months. We can see a bull market if everythink remains good.
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August 11, 2020, 03:22:17 PM
 #83

The reality with altcoin market is that despite the sky-high trade volumes, the liquidity is extremely low. That's why we witness the prices dropping by 10% or 20% all of a sudden, when a whale enters the market to dump his coins. Forget about altcoins, this holds true even for Bitcoin. As we have seen during the last few weeks, a single trade can dramatically alter the exchange rates.
but in order to dump the price of bitcoin, you need to have a very large amount of money. to make a price dump on altcoins, you need much less money and therefore it has more risks

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August 11, 2020, 03:36:15 PM
 #84

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

Fluctuations and volatility are the characteristics of cryptocurrency. It's almost impossible to have the value of every altcoin stable for an hour. The challenge we have is when the value is going against our trades,  not when it's fluctuates. I do hope that the value of altcoin fluctuates so that we can have greater profits in the market.
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August 11, 2020, 03:38:12 PM
 #85

The reality with altcoin market is that despite the sky-high trade volumes, the liquidity is extremely low. That's why we witness the prices dropping by 10% or 20% all of a sudden, when a whale enters the market to dump his coins. Forget about altcoins, this holds true even for Bitcoin. As we have seen during the last few weeks, a single trade can dramatically alter the exchange rates.
but in order to dump the price of bitcoin, you need to have a very large amount of money. to make a price dump on altcoins, you need much less money and therefore it has more risks

Bitcoin no individual person would be able to do it. You require a whole lot of institutions or giant whales coming together and then dumping it then only it would be possible or some news which leads to sell it. For altcoins some of the smaller priced coins or using the dump and pump group some of the volatility in this space is much higher and could be done.
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August 11, 2020, 04:38:25 PM
 #86

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

Fluctuating or increasing? To me I don't think I understand your question, we are in a bull market and there is no way price will move up without the price moving up and down because prices do not move in straight. If the tokens you are holding in your portfolio increases in value start booking profit because nothing last forever


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August 11, 2020, 05:35:51 PM
 #87

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

The most unique property of crypto market is volatility, and if the market is not very volatile, trading will be boring. As for me, price fluctuations are cool. I'm a price action trader and take advantage of these movements after thorough technical analysis. Not only altcoins, BTC is not left out when it comes to volatility, reason why it can gain or lose 1k$+ just in 24 hours.

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August 11, 2020, 06:58:58 PM
 #88

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

The market force is natural, we don't really have control over it since there are transactions on every seconds.  Lots of investors are probably selling off their altcoins except ETH in order to invest in BTC and ETH whose price is skyrocketing.  This is one of the causes of the price instability for other altcoins I guess.
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August 11, 2020, 07:55:54 PM
 #89

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly
and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

   I think you got it all wrong! I don't think it's the right term to use it, alt-coins fluctuating very badly, fluctuations are a trader's heaven,
more it happens the more profit he can make. And this is not a drama, maybe in the beginning when you introducing crypto-market for
the first time, but after a while you get used to it, and you find a way to make profit from that!



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August 12, 2020, 12:05:07 PM
 #90

The market is never stable, the trend will change after a few days, this is normal.However, it is expected that if this trend of the market is in the right way, the alter coin will go to a better situation.
Moreover, Etherium is going in a good position.

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August 12, 2020, 01:04:15 PM
 #91

There is nothing to be done with the fluctuations during this time.
Fluctuations are the very nature of cryptocurrency, and it is a constant thing.
Whether you decide to hold or sell, caution must be manifested to prevent losses in occurring.

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August 12, 2020, 01:08:31 PM
 #92

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

For what is happening in the crypto space atm, i would not say there is a drama; instead i would put it rightly by saying that there has been a good rise in value of altcoins which has led to strong believes that the altcoin dominance against bitcoin has grown large. That aside; it is also important to note that for every bull run, there will be little or huge corrections (price retrace). It is up to you to get it right.
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August 12, 2020, 01:56:49 PM
 #93

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

For what is happening in the crypto space atm, i would not say there is a drama; instead i would put it rightly by saying that there has been a good rise in value of altcoins which has led to strong believes that the altcoin dominance against bitcoin has grown large. That aside; it is also important to note that for every bull run, there will be little or huge corrections (price retrace). It is up to you to get it right.
as a rule, as strong the growth, as stronger the fall, and the stronger the fall, the stronger the growth. I think that in the near future we can see the price of bitcoin 14 thousand and then the fall of both bitcoin and altcoins.

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August 12, 2020, 08:02:33 PM
 #94

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?
Bitcoin's bullish trend and DeFi hypes made the cryptos to get more attention from the investors that is why the prices increased a lot in the recent days.Price fluctuation is very normal in cryptos so you can't expect the stable value from it and the price are more likely to increase in the near future.

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August 12, 2020, 08:26:05 PM
 #95

the right way for now is just waiting while monitoring because market conditions are unstable and could fall free if everything looks good then invest in a coin that has good quality in order to get profit in a short time

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August 12, 2020, 08:34:34 PM
 #96

If you dont expect this fluctuation then you still new in the game. The beautiful thing now is that every dump or sideway movement in bitcoin price is capable of short price pump for favorable altcoins.  Buy as many altcoins with great fundamental and good exchanges now if you care about profit, daily traders may have fun for a while before the bullrun market could restrict the trade
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August 14, 2020, 09:26:44 AM
 #97

It is true that the cryptocurrency market has been in a very good position for the last three-four months. Hopefully all the crypto related coins will gradually reach a good position. Best wishes for all altcoin.

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August 14, 2020, 10:03:47 AM
 #98

Nahhhh. I don't expect anything with altcoins.
Right now I'm just focusing on ETH and waiting for LINK to consolidate a bit coz it got too much hype these past few weeks.

I'm not saying that all of them are shitcoins but most of them are shitcoins. Probably there are some which isn't considered one but most of the coins that are below the top 100 coins in CMC are considered shitcoins for me.
Ohh wait there is one shitcoin in the top 10 in Coinmarketcap right now.


 
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shaheer001
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August 14, 2020, 10:23:39 AM
 #99

I think this is common in crypto when the crypto market returns from bearish season this type of fluctuation you will feel every day. So be patient and hold your assets for some more time when market stabilize.

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August 14, 2020, 10:39:50 AM
 #100

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?
Still have faith with those or all altcoins as long as they are still on that moderate level we have nothing worry unless if that is really in its high risks level, that is really problematic to all of us but nevertheless we can still trust and have faith that they will be on their right track.

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