Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Angkoolart10 on June 30, 2018, 01:35:47 PM
-
Do you believed ghost month is the worst month to trade also,in Cryptocurrency?
-
What is a ghost month?
-
What is a ghost month?
next month is august, my idea about this is most of the chinese investors avoid this month to trade.
-
Volume is definitely lower in western summer months, because people are on vacation and doing other things.. Volume in the west usually picks back up in September when kids go back to school, amd people become serious about savings and investments. Low volume doesn't necessarily mean negative price action though, it just means that manipulation (up or down) cuts through the orderbook more easily.
-
I don't believe in it. It has been tackled last year as well if the ghost month affects the crypto trading but then it is still the same like in other months. You can trade anytime you want and you can still find opportunities what ever market it is may it be a bear market or a bull market.
-
This will affect those who believe in this "GHOST MONTH" If the investor beliefs on this month maybe there's is changes for this.
-
Volume is definitely lower in western summer months, because people are on vacation and doing other things.. Volume in the west usually picks back up in September when kids go back to school, amd people become serious about savings and investments. Low volume doesn't necessarily mean negative price action though, it just means that manipulation (up or down) cuts through the orderbook more easily.
Yeah your right volumes going lower in western summer months that's also my friend said to me Thank you for your great comment.
-
i think so, ghost months can have huge dump and pump with really weird volume changes.
for me it is kind of a no trade zone.
-
I don't think it's related to cryptocurrency. August is just the same month for the rest of the calendar. I don't think it has something to do with this month for crypto price..
-
Hmmmmmmmm. I don't think so for me. If there will be lesser traders, it will be harder for our orders to liquidate and pump and dump are most likely to happen. It happened in Binance when there is a time that there are low volume in the coins. Pump and Dump are everywhere and its an easy money for them.
-
I mean it makes sense, most of the price action last year was after the summer months ended. Things grew at a pretty steady pace after that. It may start sooner this year, though. BTC finally in the green.
-
Ghost month can potentially be an opportunity to make some money, but have to be careful to trade coins that are still showing liquidity. A lot of traders, at least in traditional markets, tend to limit or even completely avoid trading. Probably best to use the time to do research on what you'll be buying once the markets pick up again.
-
I doubt that it somehow will affect. Someone trusts in these signs and won't trade, and someone doesn't trust and will torgogvat as usual. Day and night trade in cryptocurrency and without those who trusts in signs trade not to stop
-
Ghost month is a superstitious belief that has no place in the crypto trading world but people have FUD which results to low transaction volumes. Ghost month is the 7th lunar month in Chinese calender and was 25th August for 2018.
-
I was not even aware of the "ghost month"
In a bear market, every month is almost a ghost month lol
-
Now almost every month the market is declining. It all depends not on the month but on the situation on the market.