Price volatility--the beauty of cryptocurrencies

[Raqeebzy 6456]

On 7/26/2020 at 4:38 PM, Whited35 said:

You may get surprised, I bought OGN tokens to HODL when its price was under $0.15 but recently, there was a massive surge in its price which was $0.38! OGN is one of the unique ERC-20 Token that I have ever found in the crypto world. Before investing in any coin/token, I first perform a depth study about a targeted crypto coin. Once I decided to make investment in certain currencies, I never care about media hypes.

A very good investment process, I congratulate you for the profit you might've realized; you deserved it. I must say a lot of members here don't have the practical experience of trading, just talking without real life practical. 

Yes, the volatility of the cryptocurrency market is the beauty of it, it is what brings about the profit-gain cycle which undoubtedly the Crypto community enjoys. Know-how and experience is just needed to take full advantage of it.

[Whited35 15285]

24 minutes ago, Raqeebzy said:

Yes, the volatility of the cryptocurrency market is the beauty of it, it is what brings about the profit-gain cycle which undoubtedly the Crypto community enjoys. Know-how and experience is just needed to take full advantage of it.

You may have also noticed, today price volatility of Bitcoin was so remarkable to give me benefits.BTC price crossed $12000 mark today I sold some holding after a few hours again price dropped under $11700 and I bought back BTC , lots of fun to play with price volatility of the crypto currency to get benefits. Day traders are getting benefits this time, good luck to you too friend. 

[Raqeebzy 6456]

13 minutes ago, Whited35 said:

You may have also noticed, today price volatility of Bitcoin was so remarkable to give me benefits.BTC price crossed $12000 mark today I sold some holding after a few hours again price dropped under $11700 and I bought back BTC , lots of fun to play with price volatility of the crypto currency to get benefits. Day traders are getting benefits this time, good luck to you too friend. 

Not just today, this month has been a lot of movement in Bitcoin. It crossed above $12.000 at  last week Sunday before coming back around $11.700 and now today it breaks the $11.700 barriers again to $12.000; a very busy day/week for its traders Indeed, I hope you make good advantage of it. I think/predict it breaks to $13.000 this week.

[Whited35 15285]

1 hour ago, Raqeebzy said:

 I think/predict it breaks to $13.000 this week.

I am also patiently waiting for the next spike of BTC price. Possibly, BTC price may reach that milestone very soon.So many indicators are addressing that possibility. Bitcoin's adoption rate is looking like to increase during this COVID-19 pandemic. 

[malik6314193 5449]

Definitely i agree with you. Price volatility is the something by which we get profit from these crypto currencies trading. 

@Whited35I will be happy if you tell us,  in which coin currently you are trading. It will also help us to get benefitted from your experience and knowledge. 

[Cryptic 0]

Yeah just like my classmates they prefer to invest in cryptocurrency than the stock or other assets because in a short span of time you could already gain some profit than the latter which I think took years to rise up the price. So better to choose the volatile assets than the less volatile, yeah it is riskier the volatile assets because it is unpredictable but it is also gives you a huge income.

[Mike1515 2977]

I disagree, and I think its the reason why investors wont take in what the world of crypto currency is offering and thats why its important to keep everything working perfectly and we need to follow certain strategies , the right idea is to have stable choises and this is what to do , we need to have not more that a movement of price in positive or negative of not more than 1% in a day , I think it would make it easy for growth and adoption

[Brushless4500KV 4214]

Volatility is just one aspect of crypto beauty. I think what is more interesting than that is fast recovery. Volatility is not exclusive in crypto world. We have it in other areas of trade too like Forex and even Gold. However, what really distinguishes crypto from all other types of trade is that you can recover your losses as fast as possible. Sometimes you can even recover your lost money in less than a day which is fantastic! The only thing you should know is to choose coins with this feature. Coins with slow recovery should be avoided.

Edited September 21, 2020 by Brushless4500KV

[Mosab73 333]

Indeed, fluctuations in the price of cryptocurrencies are often in the interest of the investor, of course luck here is one of the factors, but there are other factors such as doing a deep technical analysis before a person makes any investment, as well as good monitoring of the currency rates of BTC, ETH, LTC and other currencies if they are almost constant  This affects the alternative currencies, and there is an important factor that you mentioned, my friend, which is the diversification of the investment portfolio

[Whited35 15285]

2 hours ago, malik6314193 said:

@Whited35I will be happy if you tell us,  in which coin currently you are trading. It will also help us to get benefitted from your experience and knowledge. 

Dear @malik6314193 thanks for your question. My investment plan will be changing according to market condition for the most of altcoins but in the case of Bitcoin, I prefer it for a long term hold. For an active tradings, ETH,BNB, ADA,etc are looking extremely useful for me to give more benefits. You might find some clue in this topic but I kindly ask you, do not take it as an investment advise. 

 

[Irungu 4299]

And i think this is a beauty for so many traders , if a trader does not experience. Volatility then this is something to really be shocked about but the truth is to really identify thats  price, the volatility may not always happen but not as good for investment,its actually very tough for investors so we need just to look for the right idea that would  work perfectly for you. its that important to really be sure of what you are trying to do,be well balanced and well informed.

[Mwangi 5611]

Price volatility is really necessary to keep traders in the market, because they depend on the swings, thats why its important that we have to really be sure of what is happening and in this we need to prepare the right ideas that can be well enabled and well organized, we need to work as hard it requires to importantly depend on liquidity of the market in order to trade, thats a simple ask.

[Maaz sultan 265]

You are right and i think you are a professional crypto trader therefore you make this high profits but not everyone is like you like me i am trying to trading these crypto currency but unfortunately choose wrong coin that price go down to down , But Now i will carefully study and make a profitable trade .

[Whited35 15285]

11 hours ago, Maaz sultan said:

You are right and i think you are a professional crypto trader therefore you make this high profits but not everyone is like you like me i am trying to trading these crypto currency but unfortunately choose wrong coin that price go down to down , But Now i will carefully study and make a profitable trade .

It is for sure, we have to put some effort before investing in any sort cryptocoin. While choosing the new coin, we have to be extra careful. Fortunately, I follow the project carefully and eventually make investments into them to make profits. 

[Omar Ommeish 4872]

Yes, you are right, because we must always diversify our money, because it is possible for the price of one of the currencies to suddenly drop and cause us to lose our money suddenly.

[gbfisher 1815]

Congrats my dear for earns good profit. 

    Price volatility is best for earning healthy profit in crypto market. You say bitcoin, bitcoin is high volatile and unstable coin so investment in bitcoin gives us benefit for long term. But there are a lot of crypto coins which are highly volatile you can bring easily profit through it with trading. Or if any time the price are down so dont be panic or dont lose hope then wait for price raising and then sell. Now the price of whole crypto market down buy any coin and hold it or earn profit. 

[SuperCrypto 7193]

On 7/26/2020 at 6:38 PM, Whited35 said:

So guys, diversify your investment portfolio and never get afraid due to the price volatility of most of the cryptocurrencies. Cryptocurrency Volatility is your friend, not an enemy. So ,never lose hope. You never know what tomorrow will bring for you 😊!

The most important thing in the trading process is the management of your capital, as this avoids you big losses. Therefore, the trader must divide his capital into several sections and diversify the currencies in which he wants to invest. In my opinion, it is better to choose from the first ten strong currencies of the market. Also, he does not forget to leave part of the capital for support in case any of it falls.

[Jaafar Fahad Hassan 114]

Everything in life has it negative side and positive side , fun side and bad side, the fun side if cryptocurrency world is how the price or values of coins go up and down, it attract the eyes of people to.make people invest in it

[MalikAdnan 1662]

Yes it is really good for those who works for crypto currency . If the price is low you can buy and as price is high you can sell this is helpful for you for earning and got your profit and takes an eye on the market.

[CryptoMaxim 3829]

On 26.07.2020 at 23:56, TheRaed said:

I mentioned a very important point which is price fluctuations
Actually, the trader benefits a lot from fluctuations and makes more profits than times stabilize the price, but of course, using some intelligence

Not so much people use purchases using cryptocurrencies as trading on the markets. Due to the large fluctuations of cryptocurrencies, they are used in trading. Most likely, cryptocurrencies are a tool for earning money.

[Whited35 15285]

4 hours ago, SuperCrypto said:

The most important thing in the trading process is the management of your capital, as this avoids you big losses. Therefore, the trader must divide his capital into several sections and diversify the currencies in which he wants to invest. In my opinion, it is better to choose from the first ten strong currencies of the market. Also, he does not forget to leave part of the capital for support in case any of it falls.

@SuperCrypto Exactly, as I have also told in my topic 😉 Diversifying investment portfolio is such a smart idea which enables us to get profits from at least one chosen coins according to the price volatility. As you you have suggested, newcomers might prefer to invest in top ten cryptocurrencies from the CMC but for me, sometime I take the risks to choose the new coins from the new projects to invest(After a depth research for such projects). 

[Mike1515 2977]

Volatility of the market is what most people use , to trade and to gain some profit if there is nothing to it it will be difficult to understand what is going on, the right  idea is to really benefit from so many things and truth be told there is something that will be ready to be done and we need to follow the market.  Its how ever bad if we need to attract new users of the coins we have

[Guru2050 8284]

This is one the best, unique and exceptional feature that places Bitcoin above the rest coins at the capital market. Furthermore it's the same, typical reason that make Crypto system more interesting, reputable and profitable than fiat currencies.

The high volatility feature of BTC which in turns reflect on the rest currency.

[Whited35 15285]

On 9/22/2020 at 9:23 PM, Mike1515 said:

Volatility of the market is what most people use , to trade and to gain some profit if there is nothing to it it will be difficult to understand what is going on, the right  idea is to really benefit from so many things

Friend, can you be a little bit specific ? Honestly, I have not got your point clearly here. Market volatility for the cryptocurrency depends on so many factors like market sentiment, supply demand ratio, adoption rates etc. 

[Naylor89 1223]

Without volatility, cryptocurrency will be no profit for anyone and it will be like gold and other investment which prices will stay at the same level. volatility is the real nature of crypto market. All of the coins in the cryptocurrency have the characteristic of being volatile. it gets people interested in investing in hopes of getting a profit from a price increase someday.