Cryptocurrency traders determine the market value of coins and tokens. We love them when they push up prices of the coins we hold and we hate them when they sell tons of coins that we hold. Love them or hate them, traders is one very important element of the cryptocurrency market.
There are many types of traders. There are momentum traders that come in only when prices are rising or falling fast. There are swing traders that profit from the peak and troughs of price swings of cryptocurrencies. There are also range traders, where they profit from the back and forth swing of prices in a given range. There are also trend traders, that come only if they see a trend developing in a coin’s price.
Traders love volatility. They profit from the quick up and down movement of prices. They hate it when coins aren’t moving much because they can’t profit from it. Another thing that traders want is big coin liquidity. A coin must be traded in large amount of Bitcoin. A big liquidity assures traders that they can move in and out quickly in their trades. Large liquidity allows your big buy or sell orders to be filled especially when trading is occurring very fast.
Deep Onion has now come to the point that it is ideal for small and big traders. The trading volume of Deep Onion is increasing daily. The wild fluctuations day by day of Deep Onion also gives traders opportunities to profit often. Day traders love this wild changes in prices as they can profit again and again. As a relatively young coin, Deep Onion also has rooms to grow in prices if we compare it to other privacy-centric coins. This fact is ideal for medium to long term traders where their holding time is measured in weeks and months.
Traders can find that Deep Onion can offer a lot in potential profits. Deep Onion in turn benefits from every increasing volume that can lead to being listed in even bigger coin exchanges in the future.
Disclaimer: This article is not a recommendation to buy or sell any financial instrument or cryptocurrency. Always consult your financial advisor for any of your investment plans.
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Deep Onion in Bitcointalk
https://bitcointalk.org/index.php?topic=2006010.0
Deep Onion Forum
https://deeponion.org/community/
Deep Onion Airdrop
https://deeponion.org/airdrop.html
DeepVault FAQ
https://deeponion.org/community/threads/deepvault-faq.4057/