While I currently sit on the deck of a cruise ship I've been watching the crypto markets. In the last day we have seen a massive dump on crypto currencies, with every crypto currency in the red the volaility of the market has been sketchy at best, although there is a massive increase in crypto currency trading with it at an all time high the biggest problem is market confidency.
The lack market confidency is no doubt due to the massive buying and selling of the currency with traders, due to the incredible price swing of the bitcoin traders are buying low then cashing out just as quickly to make a quick buck and for a trader this is an excellent strategy, why wouldn't we take advantage of this. As it is you can buy the likes of bitcoin at for example a price of $2400 per coin at 9am, by 5pm the same day you can sell off your stock at a price of $3000 making a huge profit in just one day. At the moment the market swing looks a little grim but I'll leave you with something to think about if you are a budding investor in the market and you have no confidence due to the sudden swing every one is only thinking about the dump.
Take a quick think about dump and pump, traders have taken advantage of the volatility of the market for years.
How thinking about how traders have dumped at a high price to drop the price for what will no doubt be a massive pump in price as traders re-buy at a low price only to sell as the market pumps. The currents low prices will no doubt soar as traders inject a massive quantity of stock back into the market in the coming days. Although the dump has bin quick a bit larger recently but this is no doubt due to the bitcoin reaching record highs of over $3000 per coin.
As we can see for the trends in the past month bitcoin has always dumped in price only to pump in progressing days. Don't lose confidence people!.