Selling at the slightest pump, is that the way forward? Demand and supply is the real factor in the rise and fall of product (crypto currency inclusive) I.e if the demand is high and the product is less, the price tends to rise, also if demand is low but product is much, rise falls but if there is no demand irrespective of less or high supply, the rise remain stagnant and with time, head to zero. Coin selling: This is my 4th year in crypto, and I try to follow up with trends. The experience and observation prompt this writeup. "Is selling in the slightest pump a way forward?" Everyone wants to make profit, yea! That's the goal of any business deal, but at what consequence (killing the project)? As I observed, more than 85% of people holding a coin are on the look out for the price pump to sell, and this has devalued so many projects. As I understand it, if 5 individuals bought a coin at 1$/coin , and the coin price rose to 1.5$ and if all the 5 individuals sell the coin, probably, the coin price will drop to below 0.5$. From the above-mentioned, it can be seen that selling at the slightest price pump is a little bit tricky for a coin's growth. Well, people must gain, and I get it, but a piece of advice to all is that if you are into a project, please also have the project growth in your heart. Sell if you need to, but don't kill the project when selling. #RandomThoughts
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Very true that a lot of traders are looking for short term profit. Selling at the slightest pump, but it is,what it is