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re: XLM (Stellar Lumens) retraces 25% after Coinbases announces (no new coins on the horizon)
Posted on 1/4/18 at 11:04 am to rocket31
Posted on 1/4/18 at 11:04 am to rocket31
quote:
what we're observing is that you can throw money at nearly any low priced coin (under $1) and it will continue to rise
Very true. But what are you doing to buy those low priced coins? Selling off other coins? I haven't gotten into day trading/ swing trading...still very new to a lot of this. But I now know that in this market, a coin can shoot up out of damn near nowhere.
quote:
i sold TRX after a 50% gain in one day because "this will clearly start correcting soon" - it goes up 70% more only because its so cheap to buy
Kind of like this. I guess I find myself being more of a "hodl" person...at the moment at least. I just want to accumulate as much coin as possible. I've found myself making the mistake of selling off coins to try to catch a rally, and ended up buying way too high (rookie mistake in this new market). Like I said though...it's risky. But I guess that's for each person to decide to take.
I appreciate your input on this crypto talk. You give pretty sound guidance.
Posted on 1/4/18 at 11:12 am to lsugerberbaby
quote:
Selling off other coins? I haven't gotten into day trading/ swing trading...still very new to a lot of this. But I now know that in this market, a coin can shoot up out of damn near nowhere.
to put it simply, you trade in coin pairs: TRX/ETH (for example)
if you buy TRX youre hoping it outgains ETH while youre holding it.
if you believe ETH is going to move higher, youre better off just holding that.
with that said, as long as both ETH and TRX are increasing in value, youre still making USD gains.
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