The detailed explanation about order book is absolutely correct but I want to mention about the con of using orderbook in the trading platforms, let's say you see an order that is available for buying at very cheap price than market rate but still its open so you immediately try to buy them but it's no more and this strategy is usually followed by every centralized exchanges to create fake liquidity, volume to attract more traders.

It's true, each market often fakes liquidity and has a different order book, it all depends on the policy of the market you use, because if we look at several order books between exchange places, even though they use the same pair, they will still have different order books.

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In the end, you will have a wider range to determine the support and resistance points, and then with the additional indicators, it will be easy to know the market direction.

Altcoin price movements usually follow existing patterns, but altcoins do not always use the same pattern, because so far I have still found altcoins that have price movements that are out of the pattern circulating in the community, their price movements sometimes follow bitcoin price movements, but sometimes also have their own price movements when there is new news on the altcoin they are developing.

Quote from: legend45 on May 03, 2024, 08:05:51 PM

Quote from: IvugeoEvolutionCoin on May 03, 2024, 07:45:48 PM

That's right, we have to keep following the price movements made by the whales to keep making a profit, because if we go against the current that has been made by the whales it won't be possible.

Yes, by always monitoring the market, looking at the trading volume of the coins we choose, especially the top 10 coins, we will be able to see the movements of the whales. We can't fight the owners of large funds, whales will always manipulate the market. that's the reality of what happened

That is what almost all investors consider, always following whales, owners of large funds, in playing the market. because it is not easy for us to have our own analysis while whales manipulate market prices. Our analysis will be refuted, especially the phenomenon that occurs in shitcoins. The influence of whales is really felt and takes effect quickly.

That's right, whales always make their own price movements according to their wishes, so if you go against the price movements that whales have made it will be very difficult to do, whales have unlimited money capital so when someone tries to go against the price movements that have been made by whales then they will be challenged and will challenge this opponent with how much money they have until finally the opponent loses because they face the whale.

Quote from: MCcabe Rory on April 24, 2024, 08:31:33 PM

Hey folks, been thinking. As we enter into the bull run. What are they safe practices you'll be adhering to in order to maximize profits? Kindly share below let's have a discussion

DCA or dollar cost averaging is for me the most safest and maybe the most profitable strategy so far I know. Since we are talking about bull run here this strategy is perfect and it is proven by many. Don't be greedy on your investments rather be patient and wait for the best opportunity.

This way is indeed the best way to collect bitcoins. As long as you keep a record of all the transactions you have purchased, this will give you the opportunity to collect a very large amount of bitcoins and you can sell them when the price is very high.

Quote from: Z-tight on April 29, 2024, 11:06:37 PM

Quote from: msz900 on April 29, 2024, 05:10:21 PM

ALT coins are risky and you have to wait for the right time to sell it. As I have first time invested in different ALT coins with a good usecase and they are all listed on a reputable exchange. My list contains Movr, CTXC, Matic, ENA mainly but now because of the BTC dump, I am in huge loss  but I am still positive for the Bull run, so will wait for the Huge pump.

Goodluck in waiting for this huge pump, what use cases do these coins have, you said you invested in altcoins with good use cases, it is very hard to find an altcoin that is useful, so what made you believe this coins give that. Next time i will recommend you buy BTC and not many useless altcoins.

As new coins are constantly coming to the market, many coins that have a use case but will not be able to survive in the market. So it is difficult to determine which of those projects will be profitable to invest. Moreover, I have known about the condition of some good coins in the past. It is true that all the projects that have use case are better than other altcoins but I will agree with you that there is no alternative to investing in Bitcoin. If one wants to reduce the risk it is better to hold some altcoins as well as Bitcoin.

In my opinion, altcoins will actually pose a greater risk than Bitcoin, for long-term investments it is safer to keep all the assets we have in the form of bitcoin, bitcoin has the potential to become very expensive due to the influence of limited supply.