Post
Topic
Board Speculation
Re: Price fluctuations - Opportunity or despair?
by
bitgolden
on 08/10/2019, 09:51:53 UTC
How do we term this phase of crypto currency wherein all the altcoins are bleeding including the mighty Ethereum but Bitcoin is trending strange wherein when we expect no recovery it's pumping up (short-lived) and then we witness falls and these falls are not quick they fall gradually and then raise gradually as well which has led to frequent price fluctuations. are these price fluctuations a boon for us to make use of it and trade in order to achieve profits or else it's a despair situation wherein we are clueless and don't know what to do ?
First, let us treat it in the aspect of trading, I think that price fluctuation should actually be seen as blessing to traders, especially fluctuation on those coins that are useful for trade, I wonder how stagnant my trades would have actually been if there was no price fluctuation that would either give me the opportunity to buy or to sell, it is only when I have price fluctuations that I can make trading moves, which is why stable coins can never be used for trading.

For investment, I think that the fluctuation of price should also be a blessing for us, although not always, when the price fluctuates against the general market, it should be a time for us to buy, especially for those who had not bought at cheaper price, the only fluctuation that I don’t admire are on those coins that have no real use case, because it could lead to their death.