So i jumped on a cryptocurrency train about two months ago. Bought some bitcoin and transferred it to a Kraken bitcoin exchange and started trading it.
Actually, I bought some bitcoin a few years ago when it had a price around 500$, but it was a very small amount that I invested just to see how buying and holding bitcoin looks like :)
About two years later, I finally bought some more bitcoin and, as I mentioned above, I strated tradin it on Kraken. At first things were OK. I was trading different cryptocurrencies and made some money. Then I discovered a new thing on Kraken at that time, ICN or Iconomi. At the time I started trading it, it was priced around 0.0005 bitcoin for ICN. Then price strated rising. Was making money form trading, and just holding it. Life was good, and I loved this new coin :)
Then i few days ago, price was about 0.0022, and started dropping. It did such things before, but in a few hours it would be back up and rising. Now its a 4th day and it has fallen to around 0.001450. And I havent sold it yet. I still havent lost my money, just lost some potential profit, but I'm wondering what will happen with ICN. I know it's price will eventually go back up , it has to:) ICN was a very turbulent currency in a past few weeks, and that was one of ther reasons it was great for trading. It's still turbulent but the problem is its constantly falling.
What are your opinions on ICN? Will its price continue to decline in a next few days or will it start rising again? Any opinion from fellow traders would be apritiated...