Good trading volume doesn't mean a token is good - page 3.

volport

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Quote from: govorrue on November 25, 2019, 02:26:55 PM

Very rational. I am adding innovations, roadmap, team experience and milestones - formula for a great platform. By the way, are you having any that fully meet your requirements? Many such?

Oh, good question. Nope, I cannot say that there are many - only 2 or 3 most interesting ones. But to be honest, the most advanced solution (and my latest discovery at the same time) is Housinet ICO. What I am really impressed with here - entirely new and innovative approach on real estate and property management industry. Deep analysis, downtimes evaluation, metrics, p2p rentals and much more via 1 single ecosystem. And yeah, great partnerships with leaders on industry make sense as well. So I definitely recommend you to have a closer look at what the guys are offering, just Google them, platform is in very high demand these days

govorrue

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Quote from: volport on November 25, 2019, 02:18:19 PM

Hello there. You know, I would definitely agree with you on your statement. What is important as well - the practical value. Kinda you must be having understanding of why you are using the platform, how it simplifies your life and else

Very rational. I am adding innovations, roadmap, team experience and milestones - formula for a great platform. By the way, are you having any that fully meet your requirements? Many such?

ableh

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Quote from: DDante on November 21, 2019, 12:11:39 PM

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.

Although the supply continues to decrease time by time, but if no one is interested to buy it i think it's useless! If they think in the future this token will become gold, I think they have gone crazy. Just imagine, how can tokens without enthusiasts and use cases can grow? even tokens with many use cases and enthusiasts are difficult to grow in the present. Come on think hard man!

volport

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Quote from: govorrue on November 25, 2019, 02:17:37 PM

What I would say here - nothing depends on one components only. What basically makes sense - complex approach towards token and solution analysis. And I am sure that only such strategy leads to right decisions, while choosing the token

Hello there. You know, I would definitely agree with you on your statement. What is important as well - the practical value. Kinda you must be having understanding of why you are using the platform, how it simplifies your life and else

govorrue

newbie

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What I would say here - nothing depends on one components only. What basically makes sense - complex approach towards token and solution analysis. And I am sure that only such strategy leads to right decisions, while choosing the token

Patrix_1

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On the contrary, in my opinion even a token has a working solution but does not attract investors attention, it is useless. When the trading volume is high and real, it is a good sign of investors interest and bright coin future.

Drai

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With the way the Cryptocurrency market is going, I would prefer a good volume and price over a product with a usecase, see ICX for example, I bought hen it was worth $8 per token and presently, each token is worth about $0.1 and this is a token with a very good volume in exchanges and very big hype and their own complete ecosystem, but give me a project that the price has been steadily rising daily and they are maintaining their volume for years and I would take this project over the fully developed one whose price is useless and which I can't even sell it's tokens because there are no buyers in the exchanges.

JeffBrad12

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Quote from: ProteinBar on November 24, 2019, 05:09:27 PM

I also think that Good trading volume doesn't mean a good token. Yes, a lot of words can be explained, but I find it hard to say. Can you explain it more clearly?

You know a good trading volume can be build up by hyping the coin and that was the case for so many project in the past. the token may be just another shit token or even just a clone of some already existing token with basically the same functionality but if there's some kind factor that could make people hyped about the project for example using popular people's name to their advisor and team of developers then it could gather the attention of the crowd. But then afterward people realize that the coin is basically a shit coin in disguise and it will lost the volume and popularity afterwards.

lue wang

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Quote from: DDante on November 21, 2019, 12:11:39 PM

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.

This is absolutely right I faced this situation. For hype news I hold a coin for long term in exchange but later dump from 500 USD to 56 USD. I don't wanna mention this token name but volume was really good.

ProteinBar

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I also think that Good trading volume doesn't mean a good token. Yes, a lot of words can be explained, but I find it hard to say. Can you explain it more clearly?

JuliaJi

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of course, sometime members of team want to popilarize the token and making fake tradings with fake volume, so need to learn all history of trading of token

InwardContour

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Quote from: crustycrab666 on November 24, 2019, 03:52:00 PM

The trading volume shows transactions that occur in trading activity in a particular section. This transaction involves buying and selling. High trading volume, can occur naturally because the tokens or coins are "in demand" to trade, some have to be boosted with bots, some are fake. Fake trading volumes are usually controlled by bots to boost sales, usually for shitcoin which is difficult to form market capacity, it is annoying to trade with this. The current price displayed is not appropriate.

Good trading volume shows demand for a token in most cases especially when it spans through a long duration, manipulated trading volumes do not really span through a long duration because the sole aim is mainly for the team or some big traders to pump and dump. In essence, I'm in the opinion that most times good trading volume signify a good token since traders won't really have interest in shit tokens, hence leading to poor demand. Looking at your write up, I wonder when exchanges can combat bot trading completely, for now there is lasting solution to this issue.

crustycrab666

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The trading volume shows transactions that occur in trading activity in a particular section. This transaction involves buying and selling. High trading volume, can occur naturally because the tokens or coins are "in demand" to trade, some have to be boosted with bots, some are fake. Fake trading volumes are usually controlled by bots to boost sales, usually for shitcoin which is difficult to form market capacity, it is annoying to trade with this. The current price displayed is not appropriate.

sapnu

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Quote from: target on November 24, 2019, 12:58:09 PM

Having less volume to the coin's market means you can't a trader can't just sell his coins at once by picking the marketprice. Bombtoken is different, the only exchange that has good volume is the Hotbit. Of course you will stick to hotbit if you are going to concentrate trading to this token. Doing that on DDEX or Switcheo Network will be risky for you.

The total volume right now is just $42,004. Let's say, if you are to dump what you have which is more than $42k worth of bomb tokens, you can't do that. Buying back wold be another struggle for you.

I actually agreeing with that subject because there are lots of project that has a lot of volume but the price is not that good to buy, hold and sell. So I recommend to everyone who wants to invest their money in cryptocurrency that they should study every project they want to invest in. They should read the most important thing on the project and that is the whitepaper wherein all of the information and plans are stated there, you should also visit their website for you to gain more information about them. You should be aware because there are still scams project everywhere.

poornamelessme

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Low volume doesn't mean a token or coin is bad from a technical standpoint. Or even from a developer or real-world use (in theory) standpoint. However it typically means nobody cares about the thing, and it's kind of risky to use it for speculation as there isn't much of a market for it. Also depends on how low volume is defined... if it's 100-500K/daily, that's still okay-ish... if we are talking about $100/daily, that's problematic.

And yeah, high volume doesn't mean a bad coin is automatically good either. Problem of course is that so much volume is faked to begin with. There are a number of coins where I had to do a double-take on volume, wondering how such a low ranked coin (and a coin nobody has heard of before) was pulling in some insane volume numbers. Then I checked the exchanges... usually such coins aren't on a top exchange... more like exchanges it's wise to purposely avoid. It's clear in those situations that volume is fake or all wash trading.

nekonyun

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In my opinion not if the trading volume does not determine a good coin, usually bad coins only have a large trading volume in a short period of time but if it is a good coin the trading volume will not go down remain up or stable this is the difference in shitcoin trading volume and good coin trading volume

target

legendary

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Having less volume to the coin's market means you can't a trader can't just sell his coins at once by picking the marketprice. Bombtoken is different, the only exchange that has good volume is the Hotbit. Of course you will stick to hotbit if you are going to concentrate trading to this token. Doing that on DDEX or Switcheo Network will be risky for you.

The total volume right now is just $42,004. Let's say, if you are to dump what you have which is more than $42k worth of bomb tokens, you can't do that. Buying back wold be another struggle for you.

pant-79

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Let me play the devil's advocate on this one... What shall it profit an investor to invest in a good project and lose all their funds? Good trading volume and Good Tech goes hand in hand, if one is present and the other is absent, the project is as good as dead because nobody would have any interest in using it, that's the sad reality of the Cryptocurrency space and if a project has a very good tech, raised a lot of funds and ended up dead on exchanges, I would just assume that the team is very terrible at funds management and j would see it as a shitty project anyways.

TIDOVEE

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Quote from: hahay on November 24, 2019, 09:47:45 AM

Trading volume does not guarantee coins or tokens have good prospects because the volume is still possible to be manipulated. So yes, volume does not need to be used as a reference because the most important thing is about the project and other factors that make coins desirable and continue to make good progress every time.

Yeah, many of us just rely on trade volume forgetting that it can be manipulated, and again the sometimes you suddenly see the token after few distributions other token suddenly become stolem or devalued. Although some of this could also be due to lack of investors. Many trade volume have become a bait for those who doesn't know it is more than that.

hahay

legendary

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Trading volume does not guarantee coins or tokens have good prospects because the volume is still possible to be manipulated. So yes, volume does not need to be used as a reference because the most important thing is about the project and other factors that make coins desirable and continue to make good progress every time.

Topic: Good trading volume doesn't mean a token is good - page 3. (Read 918 times)