Hi I recently traded some bit coin for an altcoin that has a buy in of the lowest amount .00000001 and there are no buy orders only sell orders up, The volume has spiked 17-24 and now down to 13 is this a bad thing? they have a web site and seem legit. is there any hope for this alt coin should i try to sell everything to get my initial trade back?
Sometimes coins with price of 1sat become 2sat or 4sats up to 10sats so it means your profit is up to 10x but you need to wait and hold it. This is a long term trading style. Sometimes the price pump twice in a year. But once you sold your coins then you will benefit the power of holding😊
You need enough funds to buy other altcoins while holding the others if you want to invest in other projects or coins. In trading do not put all your egg in a single basket to minimize your risk of loosing your funds.