The flipping game

In any trading platform, flipping from one currency to another is very usual. Some people make use of Steem platform to post their contents and earn from them and some people use the platform to do continuous trading and earn from them. The advantage of trading in any cryptocurrency is the price fluctuation. Some of my friends are experts in flipping the cryptocurrencies from one to another at the right time and earn a lot of money.

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We can say that a market is very good if the price keeps fluctuating. If the price is not fluctuating, we can say that the market is hopeless. It is also based on the trading volume, we can say if the crypto currency is doing good or not. There will be no buyers or sellers for a particular cryptocurrency. It can be quite dangerous to use such cryptocurrencies. Some cryptocurrencies will have huge volume of trading. That's where we can see the opportunity for flipping.

Flipping game

Flipping game is nothing but buying a cryptocurrency for a low value or low price and selling it for a high price. We will need lots of practice to do that. We have to observe the market continuously to know when we should be buying and when we should be selling. Some good investors also fail in this because they see trading in the perspective of how they see investments. Doing investment is different from trading. We have to be lot more careful with trading if we are having big plans with the money we are trading.

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For me it didn't work out because I'm not good in monitoring the price of any coin frequently. I usually go for investments and go into hodl mode. I can also say that I'm a bit lazy in checking for the price frequently and doing the trading at the right time. That's why I always stay away from the flipping game. I either miss getting s profit or end up in a loss. But for the past few days I have been thinking a bit about doing flip games with cryptocurrencies. I want to see how people make profit out of it and try my luck once again.