Topic: As a Token Analyst, what type of coins do you trade the most? (Read 549 times)

I usually check coins with a lower market cap because the possibility of profiting is higher compared to high-market-cap coins. Of course, it would depend on how much risk you are willing to take and what your risk appetite is with this. It is important for me that there are many holders and traders who have good volume being introduced in different exchanges.

That’s how I pick tokens or coins.

Or it could be both, it would really be that actually be depending on what kind or type of trader you are on which we know that everything will really be basing up on someones preference when it comes into this aspect. There would really be those individuals who would really be focusing into Bitcoin and there are those who would really be focusing into altcoins or could be having both. It all matters about on how much risks that you could be able to put on and on the time that you would really be able to spend on. Choosing on which type and on what are the coins you would really be that dealing or trading into then it would really be that depending on you. If you do really be able to see up yourself having be able to handle your condition and make money then it would really be just that fine.
The thing on here is on how you could be able to sustain and on how you could really be able to make yourself be profitable.

No that is not true, we have professional Bitcoin traders that only focus on Bitcoin and we also have those that focused on altcoins. We still have those that combined the two and there is no problem doing either but you have to know the risk with each of them. Traders that focus on altcoins are exposed to more risk because the market is more volatile and some coins can dip so much that you do not have anything left unless you are trading with a stop loss but still you will be at a lost. Trading just Bitcoin can be considered be better because you can hold Bitcoin if you did not hit your analyzed target but hodling altcoins can be risky too because the altcoins market is so unpredictable and it relies on the movement of Bitcoin before you can be sure that your altcoins is going to rise.

The meme coin market generated a staggering $68 billion in market capitalization as a result of whales using it as a way of quick profit while diverting their profits to Bitcoin.
Regarding the exchange token/coin, $BGB and $MX are examples. They experience an extraordinary spike in price as a result of the exchange's hefty dividend for their cryptocurrency.
Having said that, the ideal cryptocurrency to trade is always one with a high market capitalization, data, and performance.

Well, I am not a token analyst, but when it comes to finding what to trade in the market, I would say that every crypto asset that is listed on all good exchanges, and have good liquidity and trading volume around them can be traded at any time and day, one doesn't have to only focus on what is trending alone, for sometimes, what is trending may not even give up the kind of profit we want.

Its like a person having a particular place he or she is heading to, but got to a junction where the road seperated, he or she knew that taking the road on the right will lead him or her straight to where he or she is going to, but then, he or she decided to take the road on the left side because alot of persons were going that way.

As a trader, it's important to learn to leave news alone and focus on your own goals, focus on a nitche of narrative that will help you achieve your trading goals, not on what exactly on what is trending, personally, I only give attention to what is trending only if and when there is something to benefit from there.

I did not trading with particular coins, because to become a professional traders you should not focuses only with some particular coins, trading is not limited with a few coins, thousands of coins in the market, personally i trading with many coins some of new coins and old coins at a time but i never trading seriously with meme coins, it's optional trading and too small investment if somehow one coin is give something big.

Try trading a coin with a 24 hour volume of one dollar and then you can tell me if the size of the community is not important, community size and engagement is critical, and it is one of the reasons why bitcoin is by far the strongest coin on the market, however scammers learned how to fake this and as such it cannot be the only factor when deciding whether to invest in a coin or not, but it still needs to be considered to be an important one, as if no one uses that coin, then it does not matter how good it could be as there is no future for that coin.

This should not be a basis for trading, it's very wrong. Solana had one of the most lowest and crash in 2021 but look at the recovery and the volume of trading everyday. Right now, I'm not sure there is any coin that is traded like sol after Bitcoin and Ether this is because the recovery is fast and that's because of the Volatility and will you say Solana community isn't big? I think they have one of the biggest community in crypto.

If you are taking about popularity, you will have to mention Solana before you mention meme coins and they love the network because that's due to their low gas fee. Taking about scammers, we have thousands of them rolling fake coins on Pump dot fun and Dex screener rigging projects and stealing sol from investors and yet it's very popular coin by demand and by investments.

But you cant be able to stop people not to look into those moments or times when the community is still trying to build up or on the moment on which the hype is already that starting on which we know that when itcomes to this aspect then you would really be definitely be interested on getting in because the potential profits that you could really be able to obtain is which way more than on the amount that you could really be able to when you are really that investing into something which is old or already have that big community or simply the hype and interest is already that moving sideways or already that gone or average. This is why
you cant be able to stop people to have those kind of considerations on the time or moment that they will really be making up some choices just because of such aspect.

Choosing in between what type of coins then it would really be depending into your own discretion or choice on which we know that interest and other things will really be just that depending on your choice on which as long you do able to make profits then it would really be that something that will really be basing into your own preference. What matter the most on here is on how to make profits no matter which selection
that you would really be taking. We do know that when it comes to this aspect then probabilities would really be always there.

I do not see the size of the community as an important factor to look at before trading because when a project is already too big, to make profits becomes difficult. Project that are not known yet can give you the biggest profits when they become very popular therefore you have to do your research on the project to know what they have to offer before investing in them or trading them because scammers can buy twitter followers and use airdrop hunters to make their telegram community to be big but when you join, there would not be any genuine conversation going on but only airdrop hunters asking when they are going to be paid. Project has found ways to make their projects look big when they are not, some of them also manipulate the price of their coins through wash trading.

Long time ago when icos were just gaining the massive popularity they will eventually get, the size of the community was a strong indicator about the potential of a coin, as the more people behind it, the greater the chances it could succeed, however scammers very quickly realized about this and they did what they always do, which is to imitate that characteristic in order to make their scam look like a legitimate project, and people fell for it, so since then using the size of the community to try to predict how a project may perform has become as useless as any other metric.

It's not smart to just spam some tokens with the hopes that they would go up, but I will bite. I think SOL memecoins did had a period, they did alright during that period, but if you check them they didn't do well before and hasn't done well since, which is a proof that they just had a small time frame when they were good and that was it.

I think it would be smarter to go back and check ETH and BSC ones because they are looking like the strong ones again, and people are preferring those for a reason, it is not just because they "like it", that is not a good enough reason, if they did then SOl would never have anything, it's because it's historically the best ones.

SOL had the attention of memecoin people for a while with a few memecoins, which was fun and all, but it was never taken seriously and never will be. This is why I think it is important to think about what we are doing and how we are improving as well. We need to just invest into things that are not hyped for a brief moment, but invest into something that can stay for long.

BSC and ETH projects could go for a long time, 10+ years, not saying all will, some will and some won't, but at least it has some good ones, SOL doesn't have any.

Each person or simply into those traders or investors does have that different level when it comes to tolerance on things on which it would really be just that normal that they would really be having that kind of action whenever they do see something which isnt really that in line with their interest or preference. If they cant be able to tolerate out the risks involved on meme coins then just let them be and it would really be better that they shouldnt really be that making themselves trying to force on dealing up with somethin on which we do know that they cant be able to bare up with the risks.Trading up neither meme coins or with those blue chip coins then it would really be  that just depending on you. We do have our own choices and preference on which one we would really be sticking into.

The most important thing on here is that you do able to handle up yourself well into this volatile and unpredictable space without making yourself that being geting panicked whenever the price moves into the opposite direction on where you are really that predicting. If you do find yourself that profitable on the current trading that you are doing then just simply proceed on and continue.
It doesnt matter whether you are trading with those good utility coins or meme coins, it would be always prefer on something that makes you money.

"Community" isn't that important in crypto because reality is that whenever a project makes some money, they end up buying up members, which isn't that expensive neither. I can build a 2 million member telegram group (or twitter, same price) for like 2k dollars, maybe a bit more if you want higher quality accounts of course, but in the end even if we say just 20k, that is not really that crazy, it can be done and its how they grow.

Sure some of those people are real, but if you join some 400k member group and you see only 800 messages for a full day, from like just 200-300 members, you realize that the group is fake and there isn't really 400k people there, even if 99% of them is silent, just 1% of that would be 4k people, meaning even if they messaged once per day, it would be 5 times higher than what we have.

So all in all, I know that majority of those communities are fake, and I look at engagement instead. If you do that, see what they have, like how many people are talking about it, that would be better understanding of the community behind it. It would allow you to make some money based on how popular one thing is and how much hyped it could get, which would increase the price.

I only entered meme coins briefly and not for me to trade but for me to use as speculative investment material to test my luck in holding it for a certain period of time after I had done some previous analysis. But for daily trading I really avoid memecoins. And I prefer to be on altcoins that have large trading volumes. but is in the ranks of tokens or coins that do have clear fundamentals. Meanwhile, meme coin is just an option for me to hold with the money I get from trading profits. And although sometimes choosing memecoin has also made me get big profits in a short time. but it was a rare moment. So more often than not I only trade on coins that have clear fundamentals. And sometimes I am interested in new projects that have a large increase in trading volume. and it's always exciting enough for me to target for scalping in the market.

No one really survives in meme coins and if there are, it is only a few people who are trying to capitalize on short term gains.
When someone focuses on meme coins then they should know the structure of the coin because otherwise we will face losses.

If successful but if they fail in the market they will lose value, ultimately they will be developed based on the vision.
If the developer is only looking for profit and not making progress on the coin then the concern is that people will get trapped so the potential loss will be much greater and plus they don't have the knowledge to recognize the coin.

Despite their share in the total cryptocurrency market cap, I am not a fan of meme coins at all. I like to do long-term and short-term trading with altcoins and Bitcoin. Bitcoin is the only long-term investment for me and for short-term trading, I like good alternatives. When it comes to coin choice, I never trust meme coins, so I don't like to put a single $ on meme coins, so I will suggest others try and find good tokens and coins here and there. It is better that you invest the money in some good altcoins or Bitcoin where you can expect sure profit.

If you still want to try meme coins or new tokens, then I suggest you invest very little money in them so that you won't regret if you lose your money because, in such tokens or coins, you are not given any surety of benefit. I am not saying that meme coins are not pumped. There are many good projects in the market which have benefited people. As for sustenance, I think Bitcoin and some altcoins are much better.

I have always pointed out that exchange token should be an option for investment particularly if the the token has multi-utility on its ecosystem. Bitget has seen a decent growth in recent time and BGB has also seen an increase sue case particularly with the inclusion of it as the staking pool for the newly introduced Poolx. MX on the other hand is benefiting from the exixsting utility in MEXC.

I also feel BGB, BNB, OKB and MX should be the leading exchange token atm.

Such tokens usually do not have long-term value resilience when market conditions get worse, because when everyone starts witnessing a bad trend in the market that is presented with a price drop in Bitcoin, all other tokens will also experience a much bigger price correction in the same time. So having more of such tokens still does not guarantee more profits for the holder, especially if the holder does not have a lot of Bitcoin in his bag so it would be useless to have more tokens but not a single Bitcoin.

Why would really be needing to choose one if you could really do both things? There are really indeed people or investors/traders who would really be that making up some division into their portfolio on which one is really just that for intended for short term and the other one would really be intended for long term. The profits you are making in short term trades or investment is neither you would really be compotunding into your current capital for having that more bigger capital and potential profits with bigger positions or you would really be rather securing it into those other half which is really that intended for long term? It would really be just that depending on you on which one would fit out into your risks management. You would really be the ones who would really be making up such decision on which one you would really be finding yourself that preferred.

As for coins then it would be with your own discretion since there would really be those people who would really be thinking up about dealing with coins which does have good utility and there are ones who do stick up with
those projects which are really that totally shit but the hype and interest is on the rooftop. We cant really be able to deny that when it comes to possible returns then it would really be always best that you should be dealing up with meme coins but of course the risks involved would really be that high and this is something that you should be mindful on the time that you will really be dealing with it.
Analysis will really vary into each other because we do have different approach when it comes to this matter.