Generally Crypto Currencies work in cycles
1 Take off = Good News
2 Bear trap = taking profits * you can see very clearly the Bear trap on the months of December to February
3 Greed = people get excited
4 Top
5 back to normal = sell sell sell
6 Capitulation/disrepair/ low volume = forgotten
rinse and repeat
(
)
Monero has each own cycle since it gets updated every six months, thus the cycles get a more predictable.
Investors tend to get excited 15 to 20 days before the hard fork / update ( Monero Forks are not like btc forks).
The updates tend to happen mid to late Sept and March.
So Generally speaking if you buy early Feb and sell late March and buy early mid July early August and sell early September the chances are in your favour!
You can also sort in between with a leverage of 2.5 x on Poloniex.
And if you are a player, try to gain on the Bear trap.
Also don't forget that 90%+ in my experience care about the price of their crypto in terms of Fiat currency and not in terms of crypto, thus a scenario as follows is happening all the time:
1 Buy CoinA for 10$ or 0.02 BTC
2 CoinA goes up to 12$ (thus 20% Profit) but down to 0.018 BTC
3 They lost 0.002 BTC BUT they are happy
1 Take off = Good News
2 Bear trap = taking profits * you can see very clearly the Bear trap on the months of December to February
3 Greed = people get excited
4 Top
5 back to normal = sell sell sell
6 Capitulation/disrepair/ low volume = forgotten
rinse and repeat
(
Monero has each own cycle since it gets updated every six months, thus the cycles get a more predictable.
Investors tend to get excited 15 to 20 days before the hard fork / update ( Monero Forks are not like btc forks).
The updates tend to happen mid to late Sept and March.
So Generally speaking if you buy early Feb and sell late March and buy early mid July early August and sell early September the chances are in your favour!
You can also sort in between with a leverage of 2.5 x on Poloniex.
And if you are a player, try to gain on the Bear trap.
Also don't forget that 90%+ in my experience care about the price of their crypto in terms of Fiat currency and not in terms of crypto, thus a scenario as follows is happening all the time:
1 Buy CoinA for 10$ or 0.02 BTC
2 CoinA goes up to 12$ (thus 20% Profit) but down to 0.018 BTC
3 They lost 0.002 BTC BUT they are happy
Comment:
<3 I hope We will make some BTC!
