- A coin ADA just got listed on bittrex exchanges, it was listed at 0.09$(0.00002000 satoshi), but in less than 5mins it depreciated to 0.03$(0.00000586 satoshi).
if you are a good trader, you will understand this..
but just incase you do not know why, indulge me to enlighten you.
the coin depreciated because there was a huge sell order than buy order,(in layman's word: supply is more than demand) hence the price drastically dropped. some may have sold in profit while others may have sold in loss.
Now the implication is: the coin may take months or years before it would get back to its initial worth(0.009$), and probably may never attain that price again, example is DOGECOIN*- it is yet to see 0.01$ hitherto. - Another example is REGALCOIN , it got listed to coinone exchange less than 2weeks ago, at $7 , now it is worht $23 per coin, you know why? because demand is hugely more than supply. most of the investor have decided not to sell till next year, and if they do not get tired of holding on their coin, it may attain $100 per coin within a year.
- LISKCOIN was sold at $0.0002 per coin during ICO last year(2016), as at the time i'm writing this piece (Oct 1st 2017), it is worth $5.52 on bittrex exchanges. A $100 worth LISKCOIN during ICO is now worth $3,000,000($3 million USD).
This is the power of Holding your coin tightly.
Though, in all that is mentioned above, the dev. team also have a lot to do to strenghten these coins, this would keep all investor to keep holding the coin.
MORAL: - Never lose an atom of your coin cheaply because they never came cheaply, remember your sleepless nights, your critics, haters, and above all, remember you too can become a billionaire in the nearest future.
- There is power in holding your coins, and happiness in spending it.
- Think long term, Not short term.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Just started trying to trade, I can't agree enough. Try to made some short term trades, and while some were successfull, prices are in general dropping nowadays, which doesn't help.
Thanks for your post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @mosbah! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit