Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tervel on March 31, 2020, 04:39:17 PM
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One strategy some traders are contemplating to prepare for COVID-19 is not holding volatile cryptocurrency assets unless absolutely needed.
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Traders should avoid volatile market because of the price manipulation. I think this price up to and down is not completely because of the COVID-19. It's the whale manipulation before the next BTC halving. They just use the advantages of the situation though I am not denying that this epidemic creates an impact on the market.
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At this time Traders strategy is not working becasue market fluctuation is un predictable at this time and peoples will loss their money regularly so many peoples will left the trading at this time.
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One strategy some traders are contemplating to prepare for COVID-19 is not holding volatile cryptocurrency assets unless absolutely needed.
This may be the best chance to get coins at a cheap price. The crypto market conditions are uncertain so prices may decline at any time. The strategy that I use is short term trading. So that with the virus spread condition Covid-19 does not expire. Maybe the market can get off quickly and the market can also climb very quickly. So do take too long to hold the coin.
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Each trader has his own strategy and now I think many are still afraid to trade in such difficult times for the cryptocurrency market and keep their assets in USDT, and in general experienced traders make a profit even at such moments.
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Traders should avoid volatile market because of the price manipulation. I think this price up to and down is not completely because of the COVID-19. It's the whale manipulation before the next BTC halving. They just use the advantages of the situation though I am not denying that this epidemic creates an impact on the market.
Yes, I guess you're right. That phenomenon occurs in this crypto market because of price manipulation, not entirely because of the COVID-19. We can see that the situation is now erratic. Holding the coin for a long time, I think at risk.
Perhaps, for now, the price of crypto has begun to grow. Now many people work at home. So cryptocurrency trading can be a good solution to earn money.
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Traders know what they are doing. Pretty much sure they also escalate the probability of win or lose. They are born to take the risk because not taking the risk is the biggest risk.
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At present, basic household needs are more important than trading Cryptocurrency. If you really have a lot of money it's OK for us to buy coins to trade. But if our money is mediocre in my opinion it's better to stop trading first and prioritize buying basic food. Because of the Covid-19 pandemic in many LockDown countries, and we can't go out to work.
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Yeah, you have a point here but as a trader in crypto, there should be capital set aside for crypto business while there could be also money main for buying basic foods and drugs to survive at this present corona virus era. If capitals main for crypto business are used for basic need of the family, then crypto business has to give way to help the family at present situation of the covid19 issue.
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One strategy some traders are contemplating to prepare for COVID-19 is not holding volatile cryptocurrency assets unless absolutely needed.
The cryptocurrency market is attractive because of its high price volatility, this is one of the main features, advantages and at the same time disadvantages of this market. The higher the volatility of prices on the exchange, the sometimes the higher the chances of earning. True, volatility in this case should be cyclical and predictable, even in general terms. Chaotic price volatility is not suitable for traders. A specific strategy should work here, not a lottery game.
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The time when more real money is needed when the covid outbreak is not over. Their needs when the country is doing a lockdown to meet needs such as food so many people panic selling. When the outbreak ends the market will recover by itself
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It depends on traders techniques.
Some traders base their decision on experience unfortunately experience is not always perfect to follow because the market is volatile. Everybody is subject to dump and pump scenario. The important is not giving up supporting cryptocurrency.
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Just thinking of buying crypto at a time when the economy is down and a virus outbreak is making everyone panic. They are more concerned with saving money than buying crypto.
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In addition to my previous post,
I am thinking of holding the top coins if you have.
Add more of it and hold until the right time at the right place of increase. Of course holding coins is for those who have enough money this time of crisis.
For those who does not have enough money, better to wait or trade your coins for survival purposes. Life is more important than coin at this stage.
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One strategy some traders are contemplating to prepare for COVID-19 is not holding volatile cryptocurrency assets unless absolutely needed.
How do you define those volatile cryptocurrencies? is it base on market capitalization, popularity or maybe its use case?? I think most of the cryptocurrencies that exist have volatilities, the COVID-19 pandemic is only one of the many trials that the crypto-currency industry must endure and one thing is for sure, same as before the market goes Up and Down no matter what happens with or without COVID-19 pandemic. that was my opinion.