Invest or trade in altcoins listed by voting vs. independent - page 2.

noorman0

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[Nope]No hype delivers more than hope

Quote from: cryptoaddictchie on June 08, 2020, 02:35:18 AM

Its not bad even the project got listed only by voting program as long as the exchange it is listed has high trading volume.

Yes, that was my first consideration. By looking at the number of voters, will find out the number of supporters which means it will have a high trading volume. Even though some people oppose it, I'm more worried about coins losing volume than dump prices.

Quote from: cryptoaddictchie on June 08, 2020, 02:35:18 AM

Are you planning to trade for short or long term?

Short term, but if its profitable enough, no problem will be long term (more on active/daily trading).

Unfortunately, I'm 1 week late to carry out my plan because of affaird IRL, but I want to keep trying.

cryptoaddictchie

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Fully Regulated Crypto Casino

Quote from: noorman0 on June 08, 2020, 02:28:02 AM

I want to try a new altcoin to fill my exchange wallet which might give me a new trading experience.
Is it more worth considering trading in altcoins listed on the exchange through a voting program rather than independently?

Its not bad even the project got listed only by voting program as long as the exchange it is listed has high trading volume. Actually even independent project is okay too. The only concern here is whether that project will give us a good profits.Are you planning to trade for short or long term?

Quote from: noorman0 on June 08, 2020, 02:28:02 AM

What is the worst side of the voting program that I need to know about?

_{Based on experienced. I am frequently voting on Binance Community event and I noticed that the projects are pumping prior to announcement of winner and once became a winner the hype will be gone and soon dump will come.}

noorman0

hero member

Activity: 1764

Merit: 696

[Nope]No hype delivers more than hope

I want to try a new altcoin to fill my exchange wallet which might give me a new trading experience.
Is it more worth considering trading in altcoins listed on the exchange through a voting program rather than independently?

I see lately that these types of altcoins is more able to survive and recover its price after falling than coins that are listed independently, can even surpass new altcoins in the top exchanges. Although I know that many voting sites can be manipulated, but I don't think it will beat the number of the original supporters. What do you think? What is the worst side of the voting program that I need to know about?

Topic: Invest or trade in altcoins listed by voting vs. independent - page 2. (Read 615 times)