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Author Topic: The new drama has started in Altcoin  (Read 1521 times)
albon
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October 24, 2020, 10:14:31 PM
 #181

These volatilities are natural in the cryptocurrency market and are not drama or something strange, you have to understand the market and know when to sell and when to buy and your investment will be safe in it. In light of prices volatilities, you should not sell, you must hold altcoins until the market improves and until altcoins reach their highest levels.

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ansarose1
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October 24, 2020, 10:15:32 PM
 #182

Altcoins were never be stabilize since it is fluctuating everytime in crypto market. However we should bear in mind that there isn't precise predictions for altcoins fluctuation. Sometimes it rises and we do not know whether it would continue to increase or decrease, but i know that increasing and decreasing value of an altcoin isn't permanent thing.
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October 24, 2020, 10:32:47 PM
 #183

I don't call this condition drama, but this is a common situation. In crypto everything is unpredictable, so you must prepare yourself

So what should we do? Patience is key, no one you can do except patient and wait until the price goes up, and don't too panic or greedy

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October 24, 2020, 10:57:19 PM
 #184

Since the price of altcoin do change really quick,

It is better not to get along with its wave especially if you cannot take the risk. Might be better to wait for your chance to enter on the crypto you are planning to buy. Or you can just buy the crypto you want then hold it.


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Princeofpoetry
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October 24, 2020, 11:12:14 PM
 #185

For me you have to study the coins you are going to invest in, and not rush into decisions about the volatile price of altcoins. Fast crypto price movements are normal, there is no certainty that the price will always be good.

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October 25, 2020, 12:56:23 AM
 #186

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?
crypto market is like that, conditions will continue to fluctuate. it's never going to be stable, that's what makes it interesting and that's what keeps you and me here.  Smiley

if you don't want to take big risks but want to invest, you should buy the crypto you want and study it first. if you have got the hang of it, you can decide to buy it and hold it. it will reduce the risk of losing a little bit and remember don't be too greedy, i think it will save you.
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October 25, 2020, 06:00:39 AM
 #187

It not good to believe every trend the market shows was played by the whales when the arbitrage traders were to be blame sometime and I think they are also behind this current market trend either after the Paypal statement.
Cryptocurrencies are just full of FOMO and hype. What do you expect? High demand from mainstream users? Of course, not. Cryptocurrencies are not at that stage yet, so it's only natural for price movements to be controlled based on FOMO.
Is FOMO that bad? This FOMO of a thing make be get back few money I lost years ago to crypto, FOMO isn't that bad it's left for everyone to know how to take advantage of this so called FOMO, it's not a bad thing but people only tend to get greedy is all.

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October 25, 2020, 06:03:21 AM
 #188

For you, fluctuating prices may be a bad thing, but not for traders, Traders really enjoy fluctuating prices because it will give them profit. For investors they always want prices to increase, If you are a Trader then you have to really take a moment in the fluctuating prices.
You are right, I don't know why people hate price fluctuations that badly when this is what makes the whole crypto space reasonable, it's on you if you can't control your patience, the volatility will always exist and only stable coins will be left out, the best advice I can share is always take profit, a coin that surge today will surely go down tomorrow

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October 25, 2020, 07:52:49 AM
 #189

Usually, altcoins follow the bitcoin chart if we don't see sharp moves from bitcoin , when it creates big candles wheater it's green or red, altcoins start bleeding because the money from altcoins goes to bitcoin or go out of the market.
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October 25, 2020, 09:30:19 AM
 #190

For me you have to study the coins you are going to invest in, and not rush into decisions about the volatile price of altcoins. Fast crypto price movements are normal, there is no certainty that the price will always be good.
True, there is no certainty that the price of Altcoin will always be good and many even make predictions on each Altcoin price, but what they predict is that everything is far from the initial estimate, so it would be great for everyone to learn which coins to invest in and not rush into making a decision.

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October 25, 2020, 09:46:30 AM
 #191

Usually, altcoins follow the bitcoin chart if we don't see sharp moves from bitcoin , when it creates big candles wheater it's green or red, altcoins start bleeding because the money from altcoins goes to bitcoin or go out of the market.

Now altcoins are not having the best time, wherever bitcoin goes, altcoins still start to fall. If bitcoin is growing, then this can be explained by the fact that funds are being poured from alts into bitcoin. But if Bitcoin starts to fall, why are the alts falling again? Is it possible that funds are being poured from alts into bitcoin again to buy bitcoin at a lower price? Anyway, I think that now altcoins are having difficult times and there are not many who want to buy them now.

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October 25, 2020, 10:46:39 AM
 #192

Since the price of altcoin do change really quick,

It is better not to get along with its wave especially if you cannot take the risk. Might be better to wait for your chance to enter on the crypto you are planning to buy. Or you can just buy the crypto you want then hold it.
well, if you're looking to pursue a price recovery, it's best to choose bitcoin for now. So, you need to convert your altcoins to bitcoins. it's just that if you want to change your token and want to follow the wave of bitcoin.

So far, I also think holding back is the best decision for altcoins right now. However, things are pretty bad out there. even ethereum-class coins are not growing very fast. So far, I am still holding on to altcoins, because I believe that after bitcoin season, altcoin season will arrive. Well, that's not a very strong speculation, but I decided to hold back rather than exchange bitcoins.

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