$BIO Whoever understands, I bought $6 in the currency, it fell by 16%, a loss that became $4.14, and now it is down 1%, and why did it rise to $6 and not return again?
Do not look at the percentage of decline or rise, as it changes every day, but look at the value of the currency at the time of purchase against the dollar. You bought at a price of 70 cents, for example, and now it is approximately 55 cents, meaning that its value has decreased by 15%.
Karyl Ratterree k5nU
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$BIO Whoever understands, I bought $6 in the currency, it fell by 16%, a loss that became $4.14, and now it is down 1%, and why did it rise to $6 and not return again?
I bought $OSMO two days ago and it was down -9% and its price was 0.54. Now it is down -6% and its price is 0.47. At this point, it is difficult for someone to recover his loss. You have tired us out, #Binance
In light of this terrible decline in currency prices, you find strange currencies rising, so you know that the market maker does not want you to expect what the role will be in rising or falling, so you always lose. But in order not to fall into this trap, train yourself to buy from a decline, because the dollar is the master of currencies, and any rise in any currency is destined to fall, so buy from the bottom, not the top.
Whoever sells now at this specific time is like someone who waits for the market to drop to its lowest point, then sells, and then the market rises after he sold, so he thinks he is unlucky. You are not unlucky, but you chose the wrong time to sell.
Any currency, whatever it is, before you buy it, take a look at the buying and selling ratio, the flow of money, and its strength in buying and selling.
As long as the selling ratio is higher, know that over time its price will decrease. If buying and selling are equal, its movement will be simple and almost stable.
If buying is dominant, you will find it rising.
This is a buying opportunity for this currency after a sharp decline.
What do you advise me to do? I have lost $40 so far in 11 currencies that I invested in, and there has been a sharp decline. I hope those with experience can advise us.