There are so many good picks to invest in the crypto market now. I am just looking at the Bittrex BTC pairs and I notice that every once in a while some coin would go up and then down. The volatility is really spiced up a bit because of the BTC price movement as I am always saying. So maybe if BTC would soar higher then we could even see an even crazier Altcoin price volatility.
It is just risky to invest in unknown coins for sure which we really do not know if the developers of such cryptos are serious about their project or just doing it to profit from unwary day traders and newcomers hoping to earn some for their own interests an goals like me.
Actually I am really afraid to day trade and as I have stated earlier if I would day trade I would pick a known crypto with a big market cap and buy near its current bottom. Surely enough it will execute for you to sell where you can get some profit.
Unfortunately my trades are hanging on a stop-limit sell order already which I had bought at a higher price than what the current price is. I do not want to sell or I will just accept losses. I am still indecisive about day trading so I will just for now try to think about it and maybe consider @kingcrown’s picks HERE
But often when I move my cryptos something bad happens like when I converted some of my SBDs to steem steem went down and when it got up a bit I sold some of it and now it has a much higher value. The painful thing is that SBD went to over a dollar. If I just held most of my SBDs then I could have been a third of a millionaire already ToT
But Some of my sold steem was converted to XRP so now if XRP would hopefully touch at least near a thousand Satoshis then I could make more profits out of it. That is my plan and I do hope that XRP would go up a bit after a month before my saved funds runs out or I will again be forced to sell my XRP maybe at least half of it.
Are You day trading cryptos?
Posted via Steemleo
