Low volume coins good for investment now? - page 11.

Gozie51

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Quote from: adzino on April 01, 2021, 03:29:05 AM

Don't invest in those coins and waste your time. Go for bitcoin and other well known altcoins!

As known to be, yes bitcoin and few altcoins dominate the market. This is a bull time and you see whales who intentionally buy huge number of shitcoins and deceive you to think is good for investment because of the artificial volume they create. They are just ready to dump if you help to pump price by buying. Not all altcoins are valuable this time to buy.

lobo13hf

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Quote from: Kunnu on April 01, 2021, 05:49:07 AM

We don't have any idea about further progress of any altcoin whether it's low volume or high volume altcoin basically it's all depends on the development of altcoin if a low volume altcoin has strong development then there might be chances of its volume increasing in future nevertheless it's necessary to do very deep research before investing in a low volume altcoin.

Agreed, there have been some coins like CHSB that didn't get a lot of attention by investors a few years ago and some even called it as a scam project but it is proving if the project is reliable and it can be trusted.
We must also remember if there are some projects are still getting stuck even these project deliver various products.
That means if there are lots of factor that needs to be considered before try to determine whether the coin is worthy to invest.

Low volume can be considered as a red flag but this needs to he supported with another analyzation.

so98nn

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Quote from: ?? on ??

Coins with low daily volume are usually prone to pump and dump due to the significant difference in buy and sell orders. Of course this can be a good thing if you can use it, it can be a bad thing if you don't know how to use it, you better be careful with coins like this.

They would be worst choice. What if you hold more than 20K valued coins and are not able to sell elsewhere? You would end up waiting for the volume to come online and then slowly sell your assets. I think its bad idea to see such coins in my portfolio.

You can option out for the coins which are high priced or low prices but the volume has to be highest all the time. Crypto is good space but at the same time it can show you worst of it too. Never stuck in coin's dead volume circle.

coinmaster241

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Quote from: 7deadlyBTCIN on April 01, 2021, 02:13:18 AM

Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

The risk is between 20 safe and 80 unsafe, because trading volume means that many users need to be held and traded,
unless it's a new project, it's only natural that volumes are very low.

Kunnu

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We don't have any idea about further progress of any altcoin whether it's low volume or high volume altcoin basically it's all depends on the development of altcoin if a low volume altcoin has strong development then there might be chances of its volume increasing in future nevertheless it's necessary to do very deep research before investing in a low volume altcoin.

JeffBrad12

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Quote from: dihari on April 01, 2021, 03:42:01 AM

Not all those low volume coins are good for investment. Most of them are just a dead coin. You have to research for them first on how old is that coin, or what phase those project currently on, and how active is its community.

The majority of low-volume coins are bad to be used for investment purpose.

if the coin has a very good performance and it will have a lot of liquidity. I will represent the daily volume trade as the demand and the more volume, the more demand that already got by the coin.

The thread starter should never deal with a small coin. It will be so difficult to liquidity his coin when the volume is always going down from one day to another day.

Almost all of the people in here were suggesting never try to buy small-cap coin with low liquidity.

Ararbermas

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Quote from: 7deadlyBTCIN on April 01, 2021, 02:13:18 AM

Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

You already missed the train mate and it would be the dangerous part to invest at this point because you have no idea where it gonna land soon.. And base on the history itself in my view it seems that zclassic experience a bearish season like literally.. Just imagine from the price $0.24 and suddenly goes down at $0.09 within weeks ? And the current situation still no good progress after the pumps..if i were you find another coins to invest or trade and forget this one, because this isn't promising to be honest in my own opinion, wherein the potential of another bearish season is still higher than making a progress in the future..

Jackl87

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Quote from: 7deadlyBTCIN on April 01, 2021, 02:13:18 AM

Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

Zclassic had a great run back in 2018 because it was a fork of zcash but without the built in 20% miners fee. If you look at the chart of zclassic now it looks pretty much like a slowly dying project. Even during the last months where we had a solid bull market the price of zclassic did not react at all.
So i personally would not risk to buy zclassic now because i don't expect them to deliver any news or features that would bring this project back into center of attention.
If you have new coins with very low volume than it's a different thing because those projects just started and are not that well known yet, but old projects with low volume are dangerous.

bitkanu

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Quote from: 7deadlyBTCIN on April 01, 2021, 02:13:18 AM

Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

It can but you will be facing more than 80% chance to lose your money. zclassic was a dead coin and it has a very small demand. If you are buying it and that will be the same like you are only wasting your money to be dumped by others.
It's not worth the risk and avoids buying any small coin with low liquidity.
It's a big no and I will never buy garbage coin with a small daily trade volume

dihari

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Not all those low volume coins are good for investment. Most of them are just a dead coin. You have to research for them first on how old is that coin, or what phase those project currently on, and how active is its community.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: 7deadlyBTCIN on April 01, 2021, 02:13:18 AM

Can a coin with very low 24hrs volume still brings profit?

Theoretically any risk taking behavior can bring profit. Question is are you willing to take the risk or prefer to stay away from shady coins that have no value in the world?

Quote

For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

Low volume coins can be pump and dumped by whales and not just "can" but will. Because some bagholders of these coins exist, you are likely to see movements like that happen before you know it and therefore not putting your money in it is the better and safer option.

Problem with altcoins: No real use case any more than tokenising everything craze which died down and was fake hype anyway. The coins that lingered at low prices still are always the point of curiosity for low cap newbie traders. That is a trap that the newbie traders should learn to avoid.

Of course if you are one of the bagholders then you know what you need to do. Cheesy

adzino

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Quote from: 7deadlyBTCIN on April 01, 2021, 02:13:18 AM

Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

No it can't. Don't invest in those random shitcoins. It is not even worth investing and taking the risk. You will just end up regretting. You are saying the coins doesn't even have a volume of 20k in the last 24 hours. This means no one even trades those coins. And those coins can easily be manipulated. The price you are seeing right now maybe pumped by someone who bought the coins earlier. As soon as you buy more of the zclassic, you will see the price getting dumped by that first person who bought the coins.
Don't invest in those coins and waste your time. Go for bitcoin and other well known altcoins!

Impala8_

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guys i'm newbie let me know what do you think about this defi project https://peakdefi.com/
some people say it's a good way to start https://coinmarketcap.com/ru/currencies/peakdefi/
OKEx listing gotta be this month Huh

aryana42

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Quote from: 7deadlyBTCIN on April 01, 2021, 02:13:18 AM

Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

I don't like tokens where the volume in 24 hours is low, because the volume is based on the number of enthusiasts buying it, so if the buyer is low it will automatically take a long time to reap profit with that token.

7deadlyBTCIN

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Can a coin with very low 24hrs volume still brings profit? For example zclassic, the volume isn't even up to 20k in 24hrs, is it worth the risk or it's a big no for you? What do you think about this?

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