Post
Topic
Board Altcoin Discussion
Re: Can you determine the price of the coin you are holding?
by
keepandhold
on 21/10/2018, 08:47:06 UTC
The price of cryptocurrencies basically follows the rules of demand and supply. As the coin becomes scares it becomes more valuable and hence the price increases. One common mistake most investors do is that, once they see the price of a coin  is going down, they hastily dump what they also holding which increases the supply more than the demand and further reduces the value of that particular coin. Later we try to put the blame on the team that they are not managing the project well. Let's help sustain our coins by avoiding panic selling. Its a collaborative effort.
Perhaps this is due to the fact that beginners reduce the cost of a coin below the stop loss, so automatic sell orders are created, and then panic sale begins.