Is this the right time to invest in Stellar (XLM) in short term? - page 2.

BlackFor3st

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Quote from: NIKUBHI on March 06, 2020, 08:27:34 AM

As we all know Stellar (XLM) is a crypto coin, Which ranks in the top 15 positions in our crypto market. But from the past four to six months, it not doing a great job and the price regularly dumps. For a long time investment, almost every cryptocurrency gives a decent amount of profits. But in short time investment, Should Stellar (XLM) perform a good job, As the crypto market is in profitable conduction. Is this the right time to invest in Stellar (XLM) in the short term?

I cannot say that stellar is a good currency to invest for a short term because if you will check it's graph closely there are no big intervals to it's price but if you have huge amount for investment then a single cents of increase is already a good profit. Stellar is currently sitting at 0.06$ which currently rank at number 13 base on coinmarketcap and it is not a bad ranking.

For me, instead of short term investment stellar is a good investment for a long term one because it is safe investment as it is ranking good in coinmarketcap while the demand will not fade easily.

Nalbo

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Stellar could be recommended for the long term but I don't think it would be as beneficial as other coins for short term as there is no exceptional things happening for it within the next few months. Bitcoin is a favorite due to the may halving. People are mooning Ethereum for it's POS shift. Stellar is a horse of long run.

Inkdatar

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The current status for now has decline so with this XLM if short term is very risky. Actually I have still xlm until now in my wallet but for long term hold. Once I am earning to the price I expected I will sell it for a profit. In my view, I can't say if this is a good point to buy so also by taking risks you can do on your own decisions.

Sterbens

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I think at this time it is not suitable for XLM to invest in the short term. What do you mean by daily trading? If in the long run, of course it's good, I also hold some XLM, but not much, but I'm sure that in the long run, XLM can return my profits because XLM has not yet shown a good movement.

There are other coins that are good for the short term as I have seen ETH and LINK.

tbct_mt2

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Quote from: rdluffy on March 06, 2020, 08:52:44 AM

I have some XLM in my portfolio but for long term

Correct. Invest means hold your interest coins in medium or long term. For short-term, it is trading, not invest.
If one investor misunderstands it and wrongly sets up plans of investments, the that one will be unable to control emotion and mostly will easily fall into panic and get loses.

Stellar is a very good altcoin and its price now is good to enter but I would invest in Stellar with my plans to take profits in the next 3 months. With that planned-period of investment, I will be able to stay waiting patiently for good price to take profits.

As its core fundamental price movement, Stellar often suddenly skyrockets but it is a bit stressful and dissapointed when you hold it for months without any considerable growths. Anyway, in investment, waiting and patience help you earn money.

Javi_Anibarro

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I do not know your short term target is, if your short term target is 1%~5% profit for a month then there is no problem for you to invest in it.
But if you want to get more than that in the short term, I recommend you find something else because XLM basically moved sideways these days. It is very unlike to achieve a greater profit in the short term. These past months, XLM did not do something great to increase the value of their coin.
How about finding something else on the exchange? I traded MITH today and it worked fine. Got 5% of profit in a single day.

mahilchii

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You can invest in any altcoin you wish, I personally suggest you to prefer ETH at this moment. I guess it will smash $300 in couple of days because I personally feel it's looking very aggressive after some great performance from the past two months and yes when it comes to XRP I don't think short-term investment will work as it is not doing good from the past few months, still it's upto you do proper research and Invest accordingly. Good luck Cool

akhjob

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Right now, XLM is very cheap considering the ATH. You can accumulate some if you are in it for long-term. But in short-term, the charts are not that interesting to make an investment in the coin. Once Bitcoin settles, almost the coin gets pumped.

Yudhisthir

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I think stellar would be a good coin to have in your portfolio. The best thing I love about their system is they need to have an activated wallet with some XLM coins and each token you are willing to use needs to be anchored with some more XLM coins. This limits the cluttering of wallet and discourage senseless projects from using their platform.

Kemarit

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Well everyone is not doing great in the last 6 months even the top 10 altcoins.

As for your goals, short term? long short? Although we have some respite from last years huge dump, the market is still at worst when coins are still -60% to -95% from their all time high.

The only bright side is that XLM is cheap, however, we don't know when it will be going to be pump next, that's why I ask your goal, six months? Bitcoin Halving is coming, and it could have a domino effect on alts, IMHO, so you have to think about that. Best of luck to you.

Tipstar

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I too would not recommend Stellar for short term as there are many better options to pick from. Stellar did made some buzz last year but almost all of project within itself were largely failure. Stellar was promoted as a cheaper fee alternative for Ethereum but the blockchain doesn't provide the same flexibility as the Ethereum tokens can. Stellar coding has less options to offer.

pakhitheboss

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I would not recommend you to invest in any coins at the moment as the market is trading sideways. You should always enter the market when it is bear and leave when it is Bull. For short term profit this is not the right time.

Do not buy XLM for short terms gain, you should only buy it for long term. I would recommend you to check LINK. It has be growing up in the present maket condition. You can make a quick profit in short term.

DYOR...

MOProgress

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Honestly many altcoins have great potential, the only challenge which they are facing is the long bear market which is trying to recover now. I see Stellar as a good coin.

thisnewcoin

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I am now a long term holder of XLM coin, so, I will definitely suggest you, yes, this is the right time to invest in Stellar, as you might know, Stellar burned a huge supply last year, and Bitcoin halving is very near, so, all of these big event's impact is yet to be launched on XLM, So, buy now and wait for a massive pump. As you intend to hold for a short term then whenever you see a good profit, take that and get out from XLM to buy another gem! Good Luck!

Yogee

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XLM is still down by 90+% since it reached $0.80+

I don't know if that is a good entry or not. We will have to check what the team is planning to do next. Is there any upcoming product release, partnership, or listing that will make traders buy this coin? Yes - buy. No - look elsewhere.

The above is only an opinion. Follow it at your own risk.

rdluffy

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I have some XLM in my portfolio but for long term, I earned when prices are at the 1USD levels, and I'll only sell if the prices hits 2USD

For short time I think ETH is a better choice, if you are following the market, ETH can do a higher price and profit if BTC rises due to the halving, and remember it's all related to BTC in the end

NIKUBHI

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As we all know Stellar (XLM) is a crypto coin, Which ranks in the top 15 positions in our crypto market. But from the past four to six months, it not doing a great job and the price regularly dumps. For a long time investment, almost every cryptocurrency gives a decent amount of profits. But in short time investment, Should Stellar (XLM) perform a good job, As the crypto market is in profitable conduction. Is this the right time to invest in Stellar (XLM) in the short term?

Topic: Is this the right time to invest in Stellar (XLM) in short term? - page 2. (Read 259 times)