Post
Topic
Board Trading Discussion
Re: Predicting the short term fluctuations in price?
by
AdvanceNote
on 23/02/2018, 06:01:42 UTC
what you are looking for may exist and even work in a more logical market with little to no manipulation at work. but when you enter cryptocurrency market, specially when you get involved with altcoins, ICOs, ... and try to "predict" their movements then it becomes nearly impossible to predict anything about them because when manipulation is at work, nothing is logical anymore.

but you can change the same strategy to apply it to altcoin market though. for example one of the short term things that happen in altcoins is pump and dump. one of the indicators of a pump is an increased volume out of nowhere which leads to a sudden rise in its price. and this price rise is usually huge but fast.


well for me , i never understood the mentality of people who decide to pump and dump coins for fast profit. Why not just hodl for a long term for potential to gain the massive profit you've dreamed of after a year or two? why do you need fast immediate profit now? it is not like the market never recovers in a crash. hodling = less risk and same or possibly much higher reward if u just be patient for at least year.