Quote (chelsea11 @ Dec 4 2017 02:43pm)
You don't think it will keep rising more? It's only at 3 dollars.
It will rise in the long term. Like I said a couple of days ago, buy some and hold. Or you could buy and sell, buy and sell, but this is for more expert traders.
IOTA will most likely rise higher. So, I dont think the train is gone. Its just that if you had invested $1000 two days ago, right now you would have doubled your investment to $2000, same if you had invested $100 you would have doubled it in just two days. It was $1.5 two days ago. Some people buy in large quantities and then sell (make profit) and then buy again (when it falls) and sell again at certain points. If IOTA rises to $10, (two digit psycological barrier) most people will sell at that point, and then the price will go down a little (to a point in which you can buy again) and then rise up again and repeat the cycle. Im not saying this is going to happen specifically with IOTA, although most likely that it might. Anyway, this is what all traders do with all coins.
You still can make profit with IOTA if you buy and hold, because it will definitively increase its price next year.
This post was edited by Golden_Order on Dec 4 2017 12:55pm