The new drama has started in Altcoin

Dr.Osh

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Quote from: DabsPoorVersion on October 24, 2020, 06:57:19 PM

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.

Altryist

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Quote from: Zazzu on October 25, 2020, 03:52:49 AM

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.

Lantind

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Quote from: Princeofpoetry on October 24, 2020, 07:12:14 PM

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.

Zazzu

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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.

Samayuki

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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

Samayuki

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Quote from: Valzador on October 24, 2020, 05:53:32 PM

Quote from: Myleschetty on October 24, 2020, 05:49:14 PM

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.

coinsycrip09

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Quote from: NIKUBHI on August 07, 2020, 11:49:59 PM

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.

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.

Princeofpoetry

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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.

DabsPoorVersion

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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.

arufox

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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

ansarose1

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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.

albon

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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.

gundala

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Quote from: Fredomago on October 07, 2020, 10:04:39 AM

That's reality, there are still unpredicted movements coming from bitcoin and the whole market are being affected.
We also need to consider that from time to time there are lots of new coins and the investment coming from investors who are actively participating are splitting up.
We are all hoping that in anyhow the bull will show up and bring those known alts to a much better price.

and the signs seem to rise and fall. There are a few big waves then quickly disappear, so if you don't really understand the analysis you will be easily trapped, even now, analysis techniques are not enough, luck also plays a big role, because market movements are very unpredictable and full of surprises.

I prefer to wait and see, not force my way into the market because I realize that my abilities are still lacking and tend to get carried away with emotions. We are all looking forward to the alt season where everyone cheers with much-missed market movements like in 2017.

Valzador

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Quote from: Myleschetty on October 24, 2020, 05:49:14 PM

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.

Myleschetty

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Quote from: Nazmul012 on October 24, 2020, 05:25:09 PM

those are common thing, normally happened in crypto market.but nowadays it seems too much as you said.whales are responsible behind this thing & normal traders have nothing to do with this matter. If you are a short trader, you might be make loss cause indicators & strategies aren't going to work properly during this situation.possibly long trade can reduce loss.and If you are a holder, then nothing is worry about

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.

Nazmul012

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those are common thing, normally happened in crypto market.but nowadays it seems too much as you said.whales are responsible behind this thing & normal traders have nothing to do with this matter. If you are a short trader, you might be make loss cause indicators & strategies aren't going to work properly during this situation.possibly long trade can reduce loss.and If you are a holder, then nothing is worry about

Jeger.Kiting

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Even though all market prices are still showing stability and haven't seen any significant direction yet, it would be much better to wait for the next drama drama because we won't know the drama that will be released in the future that, the market is still showing an uncertain stability.

Fredomago

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Quote from: onecall123 on October 07, 2020, 09:58:19 AM

Quote from: slashz9 on October 07, 2020, 09:35:19 AM

In fact, 3 or 4 months ago were the best market conditions after the massive decline in last May.
I am sure that until the end of the year the market will still be sluggish until there is another break at the beginning of the year.
then in 2021 maybe the market will try to rise if indeed a bull run will occur at that time.

The market have been relatively bearish for a while, Bitcoin has not showing any direction, it's survived between the $10,200-$11,000 range while altcoin market have taken downfall. Overall, the whole market is down. Everything will be back up at once. A lot of people wouldn't still accept that.

That's reality, there are still unpredicted movements coming from bitcoin and the whole market are being affected.

We also need to consider that from time to time there are lots of new coins and the investment coming from investors who are actively participating are splitting up.

We are all hoping that in anyhow the bull will show up and bring those known alts to a much better price.

onecall123

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Quote from: slashz9 on October 07, 2020, 09:35:19 AM

In fact, 3 or 4 months ago were the best market conditions after the massive decline in last May.
I am sure that until the end of the year the market will still be sluggish until there is another break at the beginning of the year.
then in 2021 maybe the market will try to rise if indeed a bull run will occur at that time.

The market have been relatively bearish for a while, Bitcoin has not showing any direction, it's survived between the $10,200-$11,000 range while altcoin market have taken downfall. Overall, the whole market is down. Everything will be back up at once. A lot of people wouldn't still accept that.

slashz9

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In fact, 3 or 4 months ago were the best market conditions after the massive decline in last May.
I am sure that until the end of the year the market will still be sluggish until there is another break at the beginning of the year.
then in 2021 maybe the market will try to rise if indeed a bull run will occur at that time.

Topic: The new drama has started in Altcoin (Read 1544 times)