Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Lighthouze on November 15, 2018, 09:25:24 AM
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This is one very important piece of information that every crypto enthusiast needs to imbibe. That the price of a coin is at it's lowest doesn't mean it's a good bargain, it may as well go from there way lower and eventually become worthless. So, sometimes the much anticipated pump on a coin may never happen leaving people highly disappointed. Always know when to pull the plug on a coin. What's your thought on this?
(https://i.imgur.com/4OGLgsa.jpg)
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Even I don't believe in pumping. Everyone has different different views and opinion about crypto market. We can not stop anyone to speak out its mind but I must say one should always follow the money management while buying any coin. I believe it will rise back because we all know btc is surviving in the market from last 10 years. I can say market is disrupt because many countries are trying to regulate it and some are banning it once these things sort out market will show its strength again for sure and always calculate the risk before investment.
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it's important for us to understanding the crypto market, so that we can determine the right time to sell or buy crypto. the unstable crypto market make many people frustrated. It is important for us to be patient in facing it because if we don't, we will lose and getting the losses.
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Crypto enthusiasts must know that the currencies exist entirely online, and it allow money and value to be moved around. It does not base on physical assets, it bring a lot of benefit to daily transactions, they fund easily and transfer between the two parties. Crypto uses cryptography to deal with the decentralized system and transfer, generate and keep the distributed ledger available.
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This is one very important piece of information that every crypto enthusiast needs to imbibe. That the price of a coin is at it's lowest doesn't mean it's a good bargain, it may as well go from there way lower and eventually become worthless. So, sometimes the much anticipated pump on a coin may never happen leaving people highly disappointed. Always know when to pull the plug on a coin. What's your thought on this?
(https://i.imgur.com/4OGLgsa.jpg)
Sometimes I have thinking like what you say, and I have asking to myself "How if I buy this coins/tokens at this really cheap price but after that the price fall again" what should I do?
But as the crypto lover, I'm not stop until there, I'm trying to know more about that coins or tokens, and after I think that good, I will be trying to invest in little amount to start and I will get the character about that coins or tokens.
But when I'm lost my assets because the price fall so far, I'm talking to myself and I know if I'm at the crypto world and this is the risk from investment or trading activity, and if I'm not crypto lover or crypto enthusiast like you say, I will not at this forum and will not reply at your thread
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I agree completely with your assertion.
I have been in this space for sometime now and I think there shouldn't be any reason to get too excited about prices of coins to be on the safe side and not get heart broken.
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It is the common knowledge that crypto holders must know. Not all coins or tokens can survive and reach the bullrun, some of them may be eliminated during decline period. And some are never pumped to have highest rates. That is why recommended coins are those having high market caps.
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This is why it is important to look into the actual development of the project behind that particular coin. Stop listening to "buy now because price will never go this low again" advises.
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Coins pump is an emotional stimulant. If you allow your emotions to direct your trade, you will be in a world of hurts. Crypto trading demand one to be analytical and precise.
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if you select the right coin like the established coin that has a trading volume of more than 100 BTC then every time you buy cheap then you just need to wait for the price to improve again and that will happen, you don't need to be afraid they are scam because it is very unlikely
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This is one very important piece of information that every crypto enthusiast needs to imbibe. That the price of a coin is at it's lowest doesn't mean it's a good bargain, it may as well go from there way lower and eventually become worthless. So, sometimes the much anticipated pump on a coin may never happen leaving people highly disappointed. Always know when to pull the plug on a coin. What's your thought on this?
Maybe for many it is obvious, but still it is worth knowing that investments are always a risk, it is not necessary to invest in cryptocurrency borrowed funds. And to reduce the risks, they came up with the idea of creating a crypto-currency portfolio consisting of a variety of coins, analyzing the market, investing most of the funds in coins with a large capitalization.
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That's right, when a coin decreases it doesn't mean it's a good opportunity to buy, but there's still a possibility that prices will fall further. We must know the quality and potential of the coin, it will make us not wrong in choosing coins.
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pumping is very uncertain and sometines may not happen when you most expect it. My way in crypto is just trade with the help of some tools and when market is down inhold my coins waiting for the right time to sell. i never selling my coins when it down.
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Yes, I agree with you, but the more important part is you may gain as dollar-based but you may lose as bitcoin-based if you encounter with the bulls. What am I trying to say is, while you are thinking you are earning, you may lose on the base of bitcoin.
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This is one very important piece of information that every crypto enthusiast needs to imbibe. That the price of a coin is at it's lowest doesn't mean it's a good bargain, it may as well go from there way lower and eventually become worthless. So, sometimes the much anticipated pump on a coin may never happen leaving people highly disappointed. Always know when to pull the plug on a coin. What's your thought on this?
(https://i.imgur.com/4OGLgsa.jpg)
Yes you are right, always remember that holding a coin in order to get a higher price is not always good. We don't know where the price will go if we only rely on it, I think selling even though it's a little profit is the best option.