ALTCOIN
At present, most marketers are more prone to altcoin than Bitcoin because they have developed such ideas that Altcoin can be more profitable than Bitcoin. I would say that their idea would be correct if the dominance of bitcoin does not grow up. !
Now Bitcoin Demand 43.1%.
In other words, the market cap is also important with Bitcoin Dominance. Now the market cap is $ 302,303,625,246. It is important for altcoin increasing market cap and decreasing bitcoin dominance.
We know about BITCOIN since 2009.
Nowadays Altcoin is well known according to BTC because BTC is now mother digital cryptocurrency against Altcoin.By the way of BTC Altcoin has come and become familiar day by day.
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Decentralize and Centralize are the two features of Altcoin
and People fond of the decentralized coin because of it’s under control.Altcoin market depends on Bitcoin movement when BTC runs on up and down Altcoin moving pattern is changed.
According to WWW.coinmarketcap.com the number of Altcoins more than 1500+ and the number of Altcoin market is around 10300.Its increasing or decreasing day by day.
The relationship between BITCOIN and ALTCOIN:
I have said earlier, Altcoin walking on a path with the route of bitcoin. Although the names of some coins were known which already established before bitcoin. Because of the poor performance of those coins, they are extinct from the market today.
Later, the Bitcoin grabbed the market as a digital currency and the Altcoin started coming to the market to move to BTC-like position. In this case, I would say that the Altcoin originally followed Bitcoin.
So we see that when the price of bitcoin grows up, the value of the Altcoin goes up, but when the bitcoin increases rapidly, the price of the Altcoin is greatly reduced. Bitcoin stability is very important to increase
When do old coins come to the market?
ICO is performed before coming to a coin into the market.After the completion of ICO, the coin is listed on a trading platform and if the volume, contracts of coin well known Then coins are listed on some of the other exchange markets.
When does Altcoin delist from the exchange market ?:
When marketers are indecisive for a few days or few months about their coin, the volume, and market cap decreases. Altcoin exchange markets follow this fact and collect the information about the coins. If they see that the officials of the coins are inactive, reducing the idea of coins and the volume is not increasing every month, then the authority delisted the coin from their market.
Why Marketers Buy Altcoins?
The marketers want to collect Bitcoin and want to bring economic well-being through Bitcoin.Even then why do they think about the Altcoin? Why buy Altcoin? !
If we notice, then we can understand that no person can give the guaranteed opinion that the price of Bitcoin will increase more than the current one. Today, the price of Bitcoin is $ 6,900 (12 April 2018). If It increases to $ 100,000, which means increase will be about 14.5x.it is not huge. If you notice the previous history of Bitcoin, you can see that Bitcoin came from cent to $6900.
But within a few days of coming to the market of Altcoin, we have seen a record increase of 1000% in one day, ie 10 times in one day. Now it is possible to see that the chance of increasing the Altcoin is more than Bitcoin.For that reason, Some marketers want to buy Altcoin.
What is the reason behind the increase or decrease the price of Altcoin?
Altcoins are formed from the very beginning with the group. The team that has an Altcoin team plays a leading role in increasing the potentiality, price, and contact. In this case, the active team is very important.
Prices can rise when a company is partners with the coin. Also, rebranding, roadmap, coin burn, hard fork, website launch, new website launch, announcement, news, testnet launch, main net launch etc play a role in rising prices.
But when the coin team becomes inactive, the potential of the coins, price, contact, and acceptability of the coins decreases.
When can altcoin be purchased?
First, you have to do research on coins. Find out the good and bad sides of the coins. If you see that the better sites of the coin a lot than the bad sides, then you can put that quote in your preferred list.
When the market is crashing, then you can buy your coins as much as possible to buy at a lower price.
When does the price increase?
Who are the day trader, weekly trader, monthly trader those people keep worry in mind about selling? The prerequisite for increasing the price of a coin is potential news, roadmap update.more coin update and more the price increase.
Here the updates of Strat,xrp,ary,c capp altcoin
How to recognize the good quality altcoin?
I will first remember www.conmarketcap.com
because here you can see a market cap of coins, 24 hours volume, circulating supply, total supply, maximum supply, coin graph, price, historical price etc.
Also, news, update, announcement of every coin is available at www.coinmarketcal.com, which will help you identify coins.
It claims to have some good quality coins it the circulating supply,24 hours volume, market cap are high, and also coins listed in so many trader platforms.
Day trade or long-term trade:
The day-trade is riskier than long trade.
suppose you are a day trader. You are benefiting from day-to-day trading. The price of coins that you trade is increasing. You can buy today as a daily trade basis, But the price decreasing. You thought the price was upbeat. At one level you thought that you will not sell coins at a low price. It means you came from day trade too long-term trading.
From the beginning, if you bought the coin for long-term trade, your profit was justified and you did not have to worry.
That is to say, We found that day trade is very risky. in that case, long-term trade is safer than a short-term trade.
Altcoin strategy:
After buying the coins, you will have to collect the information about those coins every day.
If you think that the price of the coin may increase, then be ready you sell some coins and when the price increases again from the price, you will be ready to sell some coins again. In this way, after you get your capital, Hold the profit. Once you see that the number of coins you have to hold totally your profit.
Will I completely exit from coins?
If you buy good quality coins, then I will say that you will not completely exit.
Will I buy a coin with full capital?
suppose you have $ 1000. You can select coins first. 20% of your capital keep in save and purchase some coins with 80%. Suppore you will buy 8 coins. You can devide your 80% in 10% + 10% + 10% + 10% + 10% + 10% + 10% + 10% = 80%.
Guidelines for Altcoin:
• Control your emotion
• Don’t panic about sell or buying
• Collect information about your coins
• When price goes to deep you can purchase
• Fulfill research needed to buy a coin
• Do not a response to other voice, you can buy the coin after getting a good research result
• Visit coin’s website and social media
• You follow the price of Bitcoin
• You have to know the coin history
• You have to concern about upcoming news or updates
• Buy potential coins
• Buy coins according to circulating supply, market cap, volume.
• Don’t buy a coin when it runs on an uptrend.
• You have to ensure the coin update
• You collect your capital as soon as possible
• Sell your coin in some steps
• You look up the previous price of the coin
[N.B]
I am not a financial advisor.Generally, I am sharing my opinion.you should do research on behalf of your demand.