Post
Topic
Board Altcoin Discussion
Re: Do you think that market is oversold and bounceback soon?
by
wuvdoll
on 18/12/2018, 07:31:21 UTC
First of all, I don't think this logic is correct. Not all oversold will lead to a rebound. This is related to market trends. If the cryptocurrency market bull market, then this is the truth. But if the cryptocurrency is a bear market, this may make you lose a lot.
If you have observed in the past, how a market usually react after a heavy dump then probably you will agree that a bounce back will happen in near future. That is the right, a price rise is always related to market trend but when prices are lower, more people will come into buying that is the only reason we are all expecting for a bounce back right now. All of the cryptocurrency markets are into oversold zone so bouncing back may happen at any time, be preferred.

sales in the market are very much hitting prices, but perhaps this is how you can see the development of certain coins without much analysis.
It may help to find out the right dev teams among many reputed coins too. But, this alone will not be a criteria for your future of a coin as it is always dangerous if you go for investing a one coin without proper analysis. Because only due to the reason of lower price availability, investing in a crypto coin may lead to big losses.