Topic: The new drama has started in Altcoin - page 9. (Read 1565 times)
It is already a known fact that the crypto space is a volatile world. Everyone trading in the space is fully aware of it and prepared even before venturing into it. I advice that you always make provision for contingency and know when to pullout of the market in cases where there are unspeculated movement so as to minimise losses.
The prices of all cryptocurrencies are constantly changing and will change and there is nothing to be done about it, only the price of stable coins staying on one place, so you by yourself must decide and think about what to do if you want to invest in cryptocurrencies or trade.
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?
Isnt the fluctuating prices the norm with these coins? Nothing to be done about it i guess. What i do with these mostly is wait until i feel like its time but i dont sell when its in the middle of a trend of rising up. I try to stray away from the panic.
Movement is life, on the contrary, it's great that altcoins show signs of life, drama is when the price of the token dump -99%.
This is the nature of altcoins having high volatility and being volatile is an advantage for traders to earn profit its pretty normal I can see no drama on in the best thing to do is to take this opportunity to earn in this kind of market fluctuations by day trading and earn profit.
And let's admit the fact that most of these alts are crap, without usage in the market and just pump and dump by their devs. Very few alts have real application and are really working to their goals. Most of them don't even touch their roadmap and just relying on their traders. So only few alts, can really survive in this market.
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 am not sure what is new in this one since we already know that all the cryptocurrencies are unstable or the proper word we use is "Volatile".
Just getting to the point, there doesnt seems any news floating around where it would be affect all the altcoins. Max to max you can say something about ETH since its newest version of 2.0 underway.
Rest of them just jiggling around as matter of high volatility fundings. You know the "anyone with any amount can come in come out of the market". That's what it is.
This is not something new in the market, the market had been volatile and this isn't the worse. Maximizing the opportunity to ride the market is the best thing to do, although it is risky. Most altcoin pumps and dumps depending if there's a massive movement in BTC since most of them are paired on it. People start dumping their altcoin whenever the BTC price starts rising.
Now, there is a dramatic situation in the crypto market in terms of price fluctuations and the behavior it has shown from the last 6 months at the beginning of the COVID19. f you remind from the last six months then the cryptos are already was in an upward movement but suddenly the starting of the COVID the Bitcoin price has gone down from the $10,000 to $6,000 hence the Ethereum also came to below at $145. But, as the market caught up the movement so it has gradually go increase and now the Bitcoin has reached the price level of above $12,000 and the Ethereum above $400. So, be patient as you know the prices of the crypto are always volatile. Do, not gauge it a dramatic asset as you must get benefits if you have an investment in the good coins.
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.
If you just watch and survive, there will be no profit that we can get from every market condition, it would be better if you use a little capital to gain profits through Altcoins that already have potential when BTC starts pumping upwards. 
if the altcoins are in a pair of BTC and ETH, maybe their value will fall, but if it's in a stable currency pair like dollar or usdt, I think if it's recalculated it will have the same value. that's in my opinion, but if you expect the BTC and ETH pair, your altcoins will still go down because people prefer to hold BTC and ETH because of their increasing prices, but just wait for more investors to enter the crypto market.
I am now choosing a waiting strategy. the situation is very difficult for me now. I cannot make a correct analysis of the market because it is not clear where the prices for cryptocurrencies will move. I will wait for further action
This is the nature of altcoins having high volatility and being volatile is an advantage for traders to earn profit its pretty normal I can see no drama on in the best thing to do is to take this opportunity to earn in this kind of market fluctuations by day trading and earn profit.
So, what should we do in this dramatic conduction of altcoin?
if you are among those who are proficient in crypto / altcoin trading this is your golden opportunity to profit / second / hour.Crypto volume is unstable in the market in a matter of seconds it can change in an instant, right now all you have to do is trade on futures/short, not long-term investments.
Example; that happened in the last few days against coins (JST), (NRG) (AOA) (YFI) and many others.
Focus on short-term trading, monitor charts, and analyze market volume over time against the Altcoins you want to trade.
You can wait til you see what could happen but there is a chance that this is going to keep spiking. I've been seeing my tokens increased in value somehow which is good. I would dump some if I have too but I'm not willing to submit my data to un unknown exchanges. If the tokens are listed on uniswap, then I might just try it there than on exchanges. So for now waiting is just what I do. You mgiht wanna observe yet you never know your tokens might go up too.
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.
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. 
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.
Most of them will become what they really are though, shit.
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.
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.
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. Jump to: