Re: [VERGE][XVG] VERGE [POW][Scrypt][privacy focused - full TOR/i2P resources]
I have a noobie question.
That isn´t a hate question as quasikurdos shit...
Why go the volume down? From 200 to 59 on bitrex?
I´m one year here and the only coins i´m investing are PND and DOGED/VERGE
That isn´t a hate question as quasikurdos shit...
Why go the volume down? From 200 to 59 on bitrex?
I´m one year here and the only coins i´m investing are PND and DOGED/VERGE
What you need to understand about volume settling down is that it means the price is settling a bit. This is not necessarily a bad thing? We are up 4-5X where we were two weeks ago. If the prices just pumps hard for too long a crash is inevitable.
Don't forget that volume goes up when there are lots of buys but volume goes up when there are lots of dumps too. What we want are surges as more money comes in and then for the prices to settle back down a bit. When it does try and ride the waves and increase your holdings. Until the next big move up.
this sounds simple when reading it. but how to detect that the next big move is about to start?
Well it was meant to be simple. Obviously, there's some speculation here that the price will go up. The same concepts apply if you think the price is going down and you just adjust your strategies accordingly. I think that XVG will go much higher but I know that there will be surges and drops. Because I think the price will continue up I will only sell small portions and buy back all when I can. If think think a coin will trend down I just do the opposite. I sell more and buy back less on dips.