Around zero. How to make money on a sluggish market[↻70%]

in #sbdgiveaway7 years ago


The fall of the crypto-currency market has stopped, but hopes for a rapid recovery of value are not justified. Even the end of the celebration of the Chinese New Year, which was hoped for by many crypto investors, has not yet brought the long-awaited take-off. Quotations for the growth of the vast majority of coins fluctuate around the zero mark, plunging investors into sadness and depression. The trading volumes of bitcoin today are about three times lower than in December and early January, the airwaves - four times, ripple - 8-10 times compared to the January highs.
On classic stock exchanges, this situation is called a thin, or sluggish market. Small investors are advised not to bid at this time, because in the absence of liquidity and a large number of players, large traders get the opportunity to "swing" the market for their own purposes.
All this is correct. But we have to take into account one important circumstance - the quotes of the currency are now at the level of the end of November. This means that investors who bought coins in December and courageously endured the January collapse, very much want to quickly recoup their investments and make a profit. Moreover, there are opportunities for this even under current conditions: against the background of the general market "outset" some coins show growth by tens of percent. If you learn how to calculate such "happy tickets", you can make good money even in a sluggish market.
Most often, the growth of a particular coin hides one of three reasons: news, pampas and listing. Positive news is the most obvious reason for the price increase. In recent weeks, we have seen a jump in the price of Litecoin after the announcement of the fork, saw a twofold rise in VeChain quotations because of the news about the partnership of this project with DNV GL, noted a 10% increase in Ripple amid reports that Saudi Arabia's central bank signed an agreement with the company on the application of its technology.
The main risk that should be taken into account when trading on the news is the opportunity to become a victim of pampas. Often, speculators publish fictional news in exchange chats to disperse quotes of one or another coin. Therefore, try to find confirmation of the news from the source - the company that issued a specific token. Do not hesitate to ask in the chat about the sources of news. The lack of an answer to such a question is a bad sign, indicating that you are dealing with a pump. If you provide a link to the source of information, do not be lazy to check it out. You can lose a few minutes on this and lose some of the growth, but you will not become a victim of someone else's game.
The second way to earn a sluggish market is to become a participant in the pampas. But there is a high probability that you will remain in the red. In addition, in the stock market, such a scheme is considered illegal. And recently the Commission for the Trade in Commodity Futures USA (CFTC) decided to fight the "pamper" and kriptornke, promising a reward for exposing the organizers.
The problem is that most pampas and dumps are arranged according to the pyramid principle: there is a privileged circle of participants who receive information before others and earn the bulk of the profits.
The admission of a new coin to trading on the stock exchange, as a rule, is accompanied by a sharp short-term increase in its value, even during a sluggish market. If you manage to buy a new coin in the first hours after the start of trading, then with a high probability you will be able to resell it in a day or two with a profit of tens and hundreds of percent.
At the same time, the earlier you enter the project, the more profits you can get. Therefore, it is better to buy tokens even during the ICO, and possibly even pre-ICO. But at the same time try to choose really worthwhile projects.
The problem is that to participate in the pre-ICO and to obtain additional bonuses you need a solid initial capital. And you can not take part in the ICO in an elementary way - even in January, when the market fell like a brick, the most interesting ICO collected hardcase in a matter of minutes. For example, the project on the use of blocking technologies in Insurepal insurance collected $ 18 million in just 80 seconds.
In addition, there is a risk of becoming a victim of elementary fraud. For example, last week the organizers of the blocking startup LoopX disappeared from the $ 4.5 million that were received as a result of the ICO. Fortunately, now there are many resources - Internet sites and channels in social networks - devoted to the analysis and analysis of projects. Such sources can become an additional protection against scammers.
Also, pay attention to the volumes received by the organizers as a result of prescription of tokens, as well as to investors: if large funds have entrusted their funds to this project, then their analysts have already conducted a full study and decided that coins have prospects and the team can be trusted. "Whales" who bought tokens during the presale serve as an additional guarantee not only for the reliability of the project, but also for the opportunity to get a good profit after listing the token on the exchange - most large investors expect to sell coins at the first

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Made good points here. Also the price does not always correlates with workings of the technology. This year there are numerous updates and fixes on many networks but it does not show on the price.

Good thing is hold and wait for things to continue where they left off.

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