Topic: Guides for trading how to check if your token not performing well (Read 304 times)
I think users already know Gainers and Losers, CoinMarketCap is a famous site for cryptocurrency information. A lot of information is given by coinmarketcap to traders, so as old and new traders, they should already know what features are owned by coinmarketcap. upto date of cryptocurrency information is very important if you really want to trade.
October 17, 2019, 09:48:52 AM
That is my daily activities in the morning, I don't see anything else, just open the coinmarketcap and see top gainer coins and top losser coin/tokens. And also, there is a feature who can make everyone know some coins/tokens who just listed on coinmarketcap and the feature is recently added. I guess this way will help you to find a coin who just listed and usually the coin who just listed on cmc will meet drastically increase price, yeah I often to see it. So, if you find short term profit then this way can help you as well.
Traders who are fully committed with this business often use venue like this to check what particular assets to buy in and start to work with their trading portfolio, chances to choose the right project can basically done with good observations with how the market is working from day to dayprogress. This mostly use by short term to medium termer traders who works to analyze what projects will give them good positive progress.
October 17, 2019, 06:37:41 AM
That is my daily activities in the morning, I don't see anything else, just open the coinmarketcap and see top gainer coins and top losser coin/tokens. And also, there is a feature who can make everyone know some coins/tokens who just listed on coinmarketcap and the feature is recently added. I guess this way will help you to find a coin who just listed and usually the coin who just listed on cmc will meet drastically increase price, yeah I often to see it. So, if you find short term profit then this way can help you as well.
October 16, 2019, 05:13:10 PM
I usually just use coinmarketcap to look at the trend for BTC and Maybe ETH in the [past few hours or days. The top gainers and losers are not so accurate sometimes. You could find there shitcoins with low trading volume just making up to the list of top gainers yet in actual sense there is some wash trading in the back scene just to create the hype for the token or coin.
True, I quickly glance on those biggest gainers/losers and then say to myself, just another pump-and-dump scheme going on that coins, LOL, the next day you will see some magic numbers +100% gains then the next next - 70% losses. Although I would agree that I ride some waves early in 2018 on one gain and gain a lot of profits in like 3 days, sold off everything and didn't bother to look at what happen to that coins. If you know how to ride with them, then do it, but you have to quit when you reach your goal, because you don't want to be trap.
beside that, coinmarketcap sorts many coins including low liquidity coins, low liquidity means that easy to manipulate pump and dump
you just need some bitcoin then you can play with low liquidity coins LOL
October 16, 2019, 01:35:34 PM
Basic information! but it is very helpful for members who are new to this feature. In addition, trading volumes on Coinmarketcap aren't all accurate, this can happen because sometimes the distance between buy and sell orders is very far, so you have to visit this exchange one by one to validate it.
October 16, 2019, 12:09:47 PM
Follow at your own risks. Don't be deceived by those numbers. The term "top gainers" might be attracted.
It's not the basis of a certain coin or token is performing well. In some of the cases, there might be a fake order or a 1-day growth after idling for a long time.
If you are interested in some of the coins on that list, always take a look directly at their market orders.
coins that are tended to be pumped.
If you do base up with those gainers percentage and just directly have the feels of FOMO then tendency on losing money is on high risk.Im not even watching into
those who are gaining but rather I'm focusing into those reds and find out the perfect entry on a particular good coin.
October 16, 2019, 11:19:49 AM
Price changes not alone can be a sign of how the token is performing,we also have to keep an eye on their road map,if team is going in the right way as mentioned in road map along with price increase then this token can be considered as doing good.
October 16, 2019, 10:31:33 AM
Those are not really that much of a big deal, sure one hour change is something but at the end of the day this is altcoins so one hour change means it could also turn the other way around in an hour as well, there is alsy 24 hours which may take some more time but at the same time it could be fixed at most in a week as well.
Hence, maybe the 7 day one is the only one that makes any difference, if a coin drops a whole ton lot in 7 days then it may take a long time to cover that back up, or if it is the highest earner in the last week then it may take to go back down, so I would say that 7 days one is the most important one in those things. I have a ton of bots on telegram that shows individual increases and decreases but having all of them on one single list looks much better.
Hence, maybe the 7 day one is the only one that makes any difference, if a coin drops a whole ton lot in 7 days then it may take a long time to cover that back up, or if it is the highest earner in the last week then it may take to go back down, so I would say that 7 days one is the most important one in those things. I have a ton of bots on telegram that shows individual increases and decreases but having all of them on one single list looks much better.
October 15, 2019, 11:26:56 PM
I don't think this is a good way to keep track. Without being properly updated no one can gain from the trading platform, You must have to be watchful and attentive if you want to gain profit. since the token market is going well but there are also some ways to make a profit within this crisis, you have to make an analysis which could help you to create a price target, I think targetting price is a good way to make it easier, but if you find the reasons why the token is not performing well then you have to check-in always the related tokens platform, search the price history, look over the market trend and always keep on your eyes to their activities, I think in this way, you could what you want.
October 15, 2019, 09:21:37 PM
So it means like we can see which coin / token in coinmarketcap that dumped a lot in certain time and which one get pumped in a certain time? Maybe something like that really can helpful, i just know that if OP not tell us. Sometime i look for tokens that dumped very hard or maybe spend a little money to buy it. It is like gambling because i hope for bounce after that big dump.
October 15, 2019, 08:24:45 PM
As you can see coins gain and loses changes if you know when to look and to read
coinmarketcap this will help you , and makes you a better than others,
i hope this guides help you on trading coins good luck
coinmarketcap this will help you , and makes you a better than others,
i hope this guides help you on trading coins good luck
Great post, but this limits your trading analysis to larger coins with greater trading volume and the like. If you're trading with lesser known, lower cap coins then you may not find anything of use from coinmarketcap. For situations like these, i'd recommend taking a closer look at the news surrounding the coin.
But really, you shouldn't be playing with fire trading shitcoins anyway.
October 15, 2019, 06:34:46 PM
Hi mate, when regards to coinmarketcap discussion Ive already set a tutorial including gains and losses. You can refer to this post. Or wish to post in this thread to avoid spam in this section. Thanks
[Tutorial]Paano magamit ng sulit ang CoinmarketCap website
Thats in Pilipinas section for Filipinos, not everyone visits that sub section. Did you create another thread like that but translated in English?[Tutorial]Paano magamit ng sulit ang CoinmarketCap website
OP thanks for taking your time in creating this thread. Newbies will surely appreciate this kind of posts. very helpful.
October 15, 2019, 04:39:39 PM
Follow at your own risks. Don't be deceived by those numbers. The term "top gainers" might be attracted.
It's not the basis of a certain coin or token is performing well. In some of the cases, there might be a fake order or a 1-day growth after idling for a long time.
If you are interested in some of the coins on that list, always take a look directly at their market orders.
October 15, 2019, 04:07:58 PM
I usually just use coinmarketcap to look at the trend for BTC and Maybe ETH in the [past few hours or days. The top gainers and losers are not so accurate sometimes. You could find there shitcoins with low trading volume just making up to the list of top gainers yet in actual sense there is some wash trading in the back scene just to create the hype for the token or coin.
True, I quickly glance on those biggest gainers/losers and then say to myself, just another pump-and-dump scheme going on that coins, LOL, the next day you will see some magic numbers +100% gains then the next next - 70% losses. Although I would agree that I ride some waves early in 2018 on one gain and gain a lot of profits in like 3 days, sold off everything and didn't bother to look at what happen to that coins. If you know how to ride with them, then do it, but you have to quit when you reach your goal, because you don't want to be trap.
October 15, 2019, 03:43:40 PM
I usually just use coinmarketcap to look at the trend for BTC and Maybe ETH in the [past few hours or days. The top gainers and losers are not so accurate sometimes. You could find there shitcoins with low trading volume just making up to the list of top gainers yet in actual sense there is some wash trading in the back scene just to create the hype for the token or coin.
October 15, 2019, 03:33:39 PM
Another somewhat obvious point of advice that hasn't been fully mentioned yet- don't just buy into a particular coin or token just because it's massively down in the last 24 hours or whatever timeframe you're looking at. There may be news accompanied with a decline in price that you might not initially be aware of that might propel whatever you're looking at even further down, and there's no good in rushing into a trade. Do some basic TA and if it agrees with what you want to do, buy or sell; otherwise, wait 'till things become more clear.
October 15, 2019, 02:24:05 PM
Don't forget that you can also search for your coin or token and it will show the 24 hour gains or losses next to it. For instance, Stakenet is showing a USD price of $0.042958 USD (-1.84%) and a BTC price of 0.00000523 BTC (0.11%). That means that it has gained a little bit in the BTC price, but the USD price is lower because the price of Bitcoin has dropped a little bit over the last 24 hours.
October 15, 2019, 01:01:38 PM
Coinmarketcap is not the only tool to check gains and loser you can also use coingecko.com and this is not the only use of this if you want to find those massive price drop you can use that tool to find a potential coin which drops a lot then believe that coins or token will increase again back. This is what I'm doing to make a big profit but not always lucky there times that you can be lost.
Coingecko is effective and easy to use. It shows the chart when the price varies. You just need to wait for the chance when you will find the potential coin. This is not stable, you should take the risk or lose tha chance. Think of it wisely.
October 15, 2019, 08:16:20 AM
Hi mate, when regards to coinmarketcap discussion Ive already set a tutorial including gains and losses. You can refer to this post. Or wish to post in this thread to avoid spam in this section. Thanks
[Tutorial]Paano magamit ng sulit ang CoinmarketCap website
The thread you created is in Filipino language. I think this thread is worthy to be here.[Tutorial]Paano magamit ng sulit ang CoinmarketCap website
let's discuss the OP understanding of a decent place. I feel he made a useful post.
October 15, 2019, 08:11:53 AM
Coinmarketcap is not the only tool to check gains and loser you can also use coingecko.com and this is not the only use of this if you want to find those massive price drop you can use that tool to find a potential coin which drops a lot then believe that coins or token will increase again back. This is what I'm doing to make a big profit but not always lucky there times that you can be lost.
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