Bitcoin’s price movement generally affects altcoin prices. The relationship isn’t always predictable, but there are some common trends.
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Coinbase plans to add new coins in 2018. This was confirmed by Coinbase’s CEO on CNBC. However, they haven’t announced which coins will be added.
Attention New Cryptocurrency Investor: Every few weeks (if not less) Bitcoin corrects by 5% – 20%, as do other cryptocurrencies. Often they all do at the same time. Don’t let that worry you.
Litecoin (LTC) surged from $100 to $400 from Friday to Tuesday Dec. 12 in terms of USD. In terms of Bitcoin it went from .005 BTC to over .02.
Although no one knows what the effects of futures trading will be, one should keep in mind that futures could have an uplifting effect on Bitcoin.
Bitcoin went on an epic run from $11k – $20k, then declined as alts rose. Today the market is bearish as futures trading approaches.
If you bought Bitcoin in the $17 – $20k range, you might be starting to feel fear and regret. That is normal, but your best bet is to shrug it off.
If you are buying Bitcoin today, here are a few general tips that could help you trade in volatile times: Set stops, average in, buy the dips, and hold.
Bitcoin went from $11k to $14k yesterday and then from $15k to $17k (and $18k, $19k, and almost $20k) today. Wow! Unfortunately, this growth came at the expense of other coins.
It’s normal to feel stressed out that you didn’t buy Bitcoin yet (or sold too early)…But, don’t let the Fear of Missing Out on Bitcoin cloud your judgement.