Post
Topic
Board Altcoin Discussion
Re: How do you know when to sell?
by
romanfrolovv
on 31/03/2022, 13:27:06 UTC

A lot of depends on potential of the coin and how useful it is.
Cryptocurrency is very volatile. It is good for trading.
But for long term investment coin must be useful.
It is necessary to evaluate the future potential of the coin.
Now there is a big demand in nature protection, that is why the project that protects the planet from pollution like this https://twitter.com/liquidearth_nft/status/1502269439785541633 has a good potential for investment.

Now cryptocurrency market rise and many people prefer to buy cryptocurrency but not to sell it.
A lot of new projects appear now and investors have a big choice of tokens to invest in.

The problem is that now economic situation in the world very unstable and unpredictable.
People lose their saving because of inflation and needs alternative for investment.
In such unpedictable situation cryptocurrency becomes more stable than fiat.
People just buy cryptocurrency to hold it, increasing the demand in crytpocurrency.