Buying Into Illiquid Markets

in #moneronews7 years ago

game-machine-696x395.pngFor your coin to go up in price, it needs to have someone else willing to buy it. The trouble with many emerging altcoins and many small exchanges is that they have extremely small order books. You may be convinced that Sprouts (SPRTS) is the future of cryptocurrency, but unless enough other traders share that sentiment, you risk being lumped with a coin that no one is willing to buy, or at least not at the price you’re seeking.

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