Poloniex - About market volume | Bitcointalksearch.org

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: amaral1977 on March 02, 2017, 06:45:48 AM

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

Top 15.
I need something is different than other. with a lot of the list of the potential coin, it makes me feeling easier to move into the another coin with better volatility and it's really good movement. Just take a little number on the list will not give you more volatility.

nobunaga7321

newbie

Activity: 1

Merit: 0

Quote from: Kimpoiluiseta on March 02, 2017, 05:40:34 PM

ussualy iam trade in poloniex use big volume transaction , good coin and popular coin
ethereum, monero, litecoin,DASH,XRP, maidsafe coin

Right, momentum usually works better in the altcoin world

Kimpoiluiseta

hero member

Activity: 532

Merit: 500

ussualy iam trade in poloniex use big volume transaction , good coin and popular coin
ethereum, monero, litecoin,DASH,XRP, maidsafe coin

kidoseagle0312

hero member

Activity: 1092

Merit: 500

Quote from: amaral1977 on March 02, 2017, 06:45:48 AM

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

Every time I used poloniex to do some trade I always checked the top hottest coins in their exchanges then I looked up the market value for the couple days past then I'l checked the candle stick as my reference if the candle was long then its up to me if I'm gonna buy the coins or not, of course if that's the case I'm gonna buy it.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: amaral1977 on March 02, 2017, 06:45:48 AM

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

Top 5 coins that have a great volume is my limit to check. Trading high volumes of coin is a good option because it is stable and it already proved itself that it is trustworthy to trade. Just analyze the candlestick chart and then if you see that the price is pretty far to its previous price then you can now buy it and wait for few weeks before you sell it because high volume coins can easily bounce back from a sudden dump because it has a solid community that support the coin.

amaral1977

sr. member

Activity: 686

Merit: 250

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

Topic: Poloniex - About market volume (Read 1566 times)