Cryptocurrencies are not all the same. Some are mined while others are created all at once and slowly released into the market. Some cryptos earn a type of interest when owned and some are tokens used by innovative development networks/platforms. Other considerations like the maximum supply of a cryptocurrency, alternative uses (other than being an exchange medium), can greatly influence its future performance.
Don’t zoom in too much on the price trends of the moment; don’t sweat the small things. It’s easy to zoom in and get stressed when Litecoin goes from $220 to $213 (or something like that). However, these little movements only matter if you are day trading large amounts of coin relative to your total investable funds. Zoom out a bit and look at trends over larger periods of time. Don’t think of that $213 relative only to $220, think of it relative to the $100 Litecoin was at a few months back, the $400 it was at after that, and the $100 it was at just a little while ago. From that perspective, a fluctuation between $220 and $213 is nearly insignificant. I will rarely make trades on timeframes shorter than 2hr candles, and I generally am looking at 6 hr and 1 day candles, because I value my sanity and am focused on the long term trajectory of crypto. That only changes in very specific instances and with purpose. If you zoom in too much, you lose sight of overarching trends (many of which are actually stronger indicators of what is actually happening).
Great manager, research tool, social chats, charting and just plain fun to use. And all this is in version 1.0. Yes it costs a fin, but, if you really want it and can't afford it, yet promise to give me suggestions I will get you a coupon. Just contact me. We are very proud of our first foray into the cryptocurrency space. We just know you will love this app.
No, the successful trader is not me. I’ve gotten lucky a few times and I’m still refining and trying out strategies; on the other hand, I’m part of communities of people who trade on a daily basis to grow their portfolios, and while some of the results can be attributed to luck, a majority of it is based on fundamentals, good habits, and experience.