Post
Topic
Board Speculation (Altcoins)
Re: Cryptocurrencies are going down
by
Cointje
on 09/09/2018, 10:53:29 UTC
Yes cryptocurrencies are going down day by day, because market are still not recover. But this situation is normal, in crypto there was so called VOLATILITY, meaning their price may goes up or goes down. So the best thing to do is patience and time, wait for the day of markets recover.

No, volatility is when price changes from time to time, and this value is expressed as a percentage - high volatility is about 10%, low - 1-2%. So price should change in both directions - up and down. Current market is not volatile - it is falling Wink
Anyway it will recover and take new highs, so you are right about being calm

The market is turning green in the past few weeks, and some altcoins have started to pump very well, for example, DOGE has been x3 in just one week with volume up to more than $ 100 million. It reminds me of this time last year  Roll Eyes

What took a week to get up came down in a few hours. Many called this a bull trap and unfortuately they were right. This was the 4th rallye in the bear market that failed and we continue to see lower lows. I laughed at Technical Analysts a while ago, I am no more laughing now.