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Author Topic: The new drama has started in Altcoin  (Read 1294 times)
NIKUBHI
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August 08, 2020, 03:49:59 AM
 #1

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?
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August 08, 2020, 03:57:39 AM
 #2

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?

Nothing you can do than to be patient, this is not the altcoin season yet, besides, this is market fluctuating which is very common with crypto, if you are not a day trader, you can just hold and watch the market stabilise a bit, if you are trading then you have to apply caution to not incur several loss as a result.

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August 08, 2020, 04:03:43 AM
 #3

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?

Nothing you can do than to be patient, this is not the altcoin season yet, besides, this is market fluctuating which is very common with crypto, if you are not a day trader, you can just hold and watch the market stabilise a bit, if you are trading then you have to apply caution to not incur several loss as a result.

The best approach for one to utilise in reducing losses from trading is to set stop loss on every trade carried out. This would help to reduce the impact of the high volatility we experience lately in the cryptocurrency space. Atimes I feel the reason for these volatility could be as a result of people or a community pumping the value of altcoin.
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August 08, 2020, 04:29:57 AM
 #4

Market volatility is part of crypto that makes it more possible for traders to trade, don't expect the price to be stagnant, when market is up or down makes it possible to buy and sell, if you feel it is too volatile for you, then you can take a break or just hold and wait it out for a more favourable condition,
market is still on its way to recovery after a long period of bear mode, so you can either be patient and hold or sell and move on.

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August 08, 2020, 05:16:05 AM
 #5

It is not new.. its always been like that.. when the top currencies are on fire some of the altcoins are so down.. but we cannot do anything about it.. just have long patience.. maybe in the next few hours those altcoin prices will rise  Grin

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August 08, 2020, 05:45:39 AM
 #6

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?
Why do you want or need stable prices in the first place? If you want to make payment with fixed value you can use stablecoins. Most traders like volatility and rapid market movements as this gives them the chance to trade and profit and this is what crypto market is famous for.

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August 08, 2020, 06:00:52 AM
 #7

It's not a new thing, altcoins are more volatile than bitcoin, therefore that fluctuation you witnessed is just normal.
We may see that altcoins is stable for some time, but that doesn't mean the market has already become stable as anytime price could significantly move, either it will pump or it will dump, that's the reality, so better get used to it.

As we can see in https://coinmarketcap.com/.. most of the coins are in red, when price dump a bit, the market will have a significant move.

Bitcoin though still at a good price, but it's -1.57% today.

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August 08, 2020, 06:13:11 AM
 #8

The market won't change according to your wish, it moves in a random manner. We are supposed to make our decisions based on the market moves. Ethereum hasn't shown signs of large fluctuations, I believe the altcoins mentioned in the OP were listed above 100 on coinmarketcap. Past two days the market was green, and today it has turned red. There'll be atleast some minor fluctuation between time. We can't expect stable value with time.

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August 08, 2020, 06:17:02 AM
 #9

The drama I'm seeing around altcoins lately aren't a bad one but a very bullish one, ethereum made it to 380$ and projects like DOS token, DIA token, Chainlink, are all so bullish, it's better to keep holding your altcoins and be patience

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August 08, 2020, 06:18:28 AM
 #10

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?
Is there a reason why you have called it as a drama while the market itself will determine the price of altcoin? When you are actively watching the development progress and there was so many huge updates in altcoin.

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August 08, 2020, 06:18:35 AM
 #11

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?
Its actually a normal thing in crypto market. Prices tend to go down and up, there are so many projects that are dropping with short period of time. Why? Im sure its about people transferring to different new coins and tokens that worth to invest with. If you noticed for example is on the IEO processes. Some of them are just taking away the profits then leave the project. No one actually stays longer on each project.
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August 08, 2020, 06:33:15 AM
 #12

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?

Just enjoy the waves you can easily earn profit with that movement of Altcoins. this is a good things for short term traders they can easily gain money for that movement its advantage for them since thats what they are looking for.


But don't forget to be very careful since there are many people loosing in that Altcoin movement you just need to have your own stop lost if the market is not favor in your prediction you can easily cut your losses.

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August 08, 2020, 06:55:55 AM
 #13

This is the same as happened in 2019 when the price of bitcoin went up, but the price of altcoins did not have a fast development like bitcoin. however, I think the current situation is better. however, the current recovery has not actually occurred and is still in progress. even now the altcoin price is still waiting for the bitcoin pump price to be pumped back. Well, we need to look at this in the future.


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August 08, 2020, 07:00:13 AM
 #14

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?
All you have to do in this dramatic altcoin condition is to see opportunities in trading and always monitor the market and be careful in choosing Altcoins, except for Altcoins which are always in the top 10, I don't think it's a problem to choose.

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August 08, 2020, 07:07:29 AM
 #15

In my opinion, this is not a drama, but the usual state of affairs, altcoins always behave unstable, BTC pump, they dump, BTC dump, they dump too, we can only watch and endure.

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August 08, 2020, 07:27:24 AM
 #16

Nothing you can do than to be patient, this is not the altcoin season yet, besides, this is market fluctuating which is very common with crypto, if you are not a day trader, you can just hold and watch the market stabilise a bit, if you are trading then you have to apply caution to not incur several loss as a result.

The best approach for one to utilise in reducing losses from trading is to set stop loss on every trade carried out. This would help to reduce the impact of the high volatility we experience lately in the cryptocurrency space. Atimes I feel the reason for these volatility could be as a result of people or a community pumping the value of altcoin.

I do not think it is correct to use stop loss in the spot market. When I started trading, I used stop loss in all trades, and it brought me some losses. As a rule, the price changed very much on the impulse movement, but then recovered to the original value. But if you are using margin or futures trading, you should definitely use a stop loss. Otherwise, your deposit will be liquidated by the exchange.





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irsada
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August 08, 2020, 07:42:01 AM
 #17

You can buy back the altcoins you want at affordable prices, for me this is normal, depending on how we can take advantage of these conditions by buying quality altcoins in the future.

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August 08, 2020, 07:46:51 AM
 #18

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?

People don't call them shitcoins for no reason what did you expect?

Just wait and maybe they turn into gold in the future.  Cool

Most of them will become what they really are though, shit.




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August 08, 2020, 07:49:52 AM
 #19

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 need to understand that altcoin is very much volatile compare to bitcoin so you shouldn't be surprised by this wild and huge fluctuations. I would even call this a norm in a bull run market. You can look back at 2017 and you will see how altcoin's market is very unstable at that time. So there is no drama, perhaps groups are busy doing their pump and dump scheme on small tier exchanges.

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August 08, 2020, 07:53:06 AM
 #20

AS for many days, the crypto market is now in good conduction as compare from the last three to four months.

What do you expect, we are in the period of recovery.

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?

There no such thing as new thing coming in to Altcoin, this is how it has been, huge price pump followed by a massive dump, just look here, https://coinmarketcap.com/gainers-losers/. All you can do is what, or if you wanted to make money then join the hype, but just be careful because there is a huge risk involved.

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