Great Chances for Profit with Crypto Currency

Great Chances for Profit with Crypto Currency

Risk management means “Little pigs eat a lot, big pigs are fed”. This statement sums up the history of market profits from our perspective. To be a profitable trader, never look for the peak of the stock market movement. Instead, look for the small profits that will accrue to a large one. Manage risk wisely across your entire portfolio. For example, you should never invest a large percentage of your assets in an illiquid market at a very high risk. The greatest tolerance will be shown with these transactions the stopping points and targets will be set regardless of the level of purchase. Make a purchase of and make sure you get the best bits for it.

The underlying asset creates volatile market conditions:

Most Altcoins are traded based on the value of Bitcoin. Bitcoin is a volatile asset compared to fiat money and this fact should be taken into account, especially on days when the value of Bitcoin rises sharply. Bitcoins and Altcoins have a value opposition relationship, that is, when the value of Bitcoin increases, Altcoins lose value, and vice versa. When Bitcoin is volatile, our trading conditions are a bit confusing. Right in the middle of this fog, we don’t see much on the horizon, so it’s better to have achievable goals for our negotiations or not trade at all.

Tips for trading Altcoins: Most Altcoins lose value over time.

They simply lose their value slowly sometimes quickly. Take this into account when you hold Altcoins for the medium and long term, and of course, choose them carefully. What types of Altcoins are worth it in the long term? Remember, it is only when there is a reason that an exchange is made. The projects or tokens that have a higher daily trading volume and that have a large community behind them, with continuous development, are there for a while: Ethereum (ETH), Monero (MXR), Factom (FCT), DASH (DASH), are all leading currencies. It is much traded daily. You should follow the currency chart and identify the periods that are stable and less stable. Such periods are very profitable for predators, and when the right time comes, knowing a full press release on the project, the machine will start and they will sell at a profit.

A word on public ICOs (crowd-sales):

Many new projects choose to make a crowd-sale where they offer investors an opportunity to buy in advance a part of the project token or coin, which is supposed to offer a good price for tokens. The motivation of the investors is that the token will be traded from the first day on the stock markets and would bring a good profit to the participants of the ICO. In recent years, many ICOs have been successful, both for the project itself and for measuring performance for investors.

Currencies have doubled, or even tripled their value compared to their value when sold to the public. The preliminary sale of Augur we have already talked about this here enabled investors to obtain an astronomical return of 1000% for their investment. Yes, but where is the catch? Not all projects benefit their investors. Many ICOs have turned out to be total scams, not only have they not been marketed at all, but some project initiators have disappeared with the money and we have not heard from them until the day. How do you know if you should invest in an ICO? It is not about science, it is important to pay attention to the seriousness of the project and its team.