Topic: Short Term Trading Altcoins and Meme Coins? - page 3. (Read 1235 times)

Meme coins are good for short term investment because its increase price and pump is not forever so it is better to get little benefit on time because something is better than nothing. There is not 100% guarantee about the success of meme coins so if someone miss the higher price for selling then he is wasting his time to wait more for further increasing action.

Invest little amount in meme coins but choose accurately so whenever you find a way to get profit then sell your meme coins because waiting more in the case of meme coins is useless. Meme coins selection also needs active mind and if someone choose any meme coin with a hope that it will show increase then such thing become hazardous.

As long as I can see that it is possible to make a profit, why not? I have some short-term meme coins, and others are also long-term. Because I have meme coins that I hold, I do short-term trading, and I also have some meme coins that I hold for long-term trading as well.

Now, when it comes to other altcoins, I also have holdings that are made short- and long-term because of me, because even if it is a shitcoin in the sight of other crypto communities if I see the hype that I can make money with, I will go with it, and my car is just that simple.

There are lots of questions but to answer that question in short, yeah many people try their luck on memecoin and some low mcap altcoins because of more risk and more profit for them. They already know the risk and most of them not only go to $0 but also the project discontinued. If you want to invest in altcoins you should know when the altcoin season will start if you want to invest in memecoin it's like gambling and you should be ready to lose your money in just a few days or even a few hours. Just don't be greedy when you trade altcoins and memecoin make sure to set a target to take profit or you will be late to get profit. 

You should understand that there is a big difference between the old meme coins, which have long been listed on major cryptocurrency exchanges, and the new meme coins, which are traded only on decentralized exchanges. So it is those coins that are traded exclusively on DEX that are more dangerous for your wallet.

Memecoins are very risky investment but you can't say you would have made more profits holding other altcoin then memecoins. Some memecoins have made those individuals that bought them very early and hold big profits in the few time they were holding the memecoins. Most altcoins that are non memecoins can't give the amount of profits that memecoins has being giving  but this won't last forever as very soon many individuals will stop investing in memecoins and they'll start scamming.

Some memecoins can give to you more profits when you hold them for long time but others would make you to lose all your money therefore it depends on which memecoins you're investing into. Do your findings and determine if you'll be investing for a long time or you'll investing for the short time. Memecoins are very risky and more volatile therefore only spare money can be invested into buying them.

Trading altcoins are good but not all the time.
I trade stablecoins and paired with altcoins and sometimes it works fine and profit but sometimes also is a lose trade. It still depends on what altcoins to choose, I prefer to use highly volatile coins which means that there is an active trade and that would mean a lot and can possibly make money too fast.

Chart analysis is quite important here, the more we understand the movement of the market, it is not difficult for us to choose which coin we have to use.
Whether we choose altcoins or meme coins, the most important is to play safe and don't rush...

I can't but agree that the trading of exchanges is the same, that is when it comes to the defined risks, nowhere for the trader that wants the better condition can run to because it is even the standard. There is what we call lot sizing and pricing in trading, they are the main criteria that exchanges/brokers use to come up with the kind of risk they allocate to a certain asset among other conditions, which is why you do not press the same figure on Bitcoin and altcoins to amount to the same risk when you are trading them. What will be different is how they are actually performing at that time of trading, I mean the market behaviour. I also bet that Bitcoin can't be better than many altcoins when it comes to trading, I've traded them and I see no difference except for volatility.

However, the difference is that, of course, markets will not move the same way at all times, there are times that Bitcoin will move better than altcoins, and there are many times that altcoins will move better than Bitcoin, so we should continue to locate the market with the most promising movement for the day or the specific period we want if that is what we so desire so that we can choose it and avoid the rest. For me, the most important thing is to know how to analyze the market correctly and make the right decisions, and manage our trading account well. Also, some traders might prefer a slower-moving asset to a faster one due to fear. Either one you choose, just go for the one that is best for your trading preference.

Meme coins are not really good long term investments, and this is because even if you were to make profits with them, there are several other coins that you could have held that not only would have given you better profits than those coins, you can also obtain those benefits without taking the massive risk of keeping your money invested in those coins.

Meme coins at best should be only short term investments, and even that is a bad idea since you never know when the coin in which you invested could collapse.

meme coins are also good for longterm. if you buy for shorterm, the profit is small because the movement is slow. for example, dogecoin is a pretty good coin. another example is shiba inu, the price movement is slow so even if the shorterm is a small profit.

I recently made a short term investment in an alt coin which is listed on Binance Exchange. The name of that alt coin is TIA. I am spot trading this coin for two to one day which is very short time. A friend of mine has earned around 400 plus dollars by investing in this coin in a short period of time. After hearing this from him, I also invested in this coin and made a profit of $55 from there. But since then, the price of this coin is gradually decreasing, perhaps the price of this coin went as high as $18, now the current price of this coin is $16.77.I bought this coin after I made a small profit but then the price dropped And I'm still at a loss. I think this is why not everyone likes to invest in alt coins or memecoin.

As the hype manage to attract investors and traders plus those whales who will going to move the market, they will earn those attentions and will
manage to make money around the market.

It's hard to say if what coin will succeed and what coin will fail after being introduced in the wild market, no one can accurately confirm that.

So-called experts most of the time predict things and if the community will follow then they might get that good call, but if the community
will not be there to support, then it's just another call to forget and move on.

Trading on any exchange is the same, as long as the exchange implements the crypto trading features that users want and is of course an exchange that is successful and responsible for its users, coinbase, Binance and also your local exchange, it's also not a bad thing if you want to do it.

Talking about trading with crypto types, of course Bitcoin is no match in terms of trading, compared to Altcoins or Memecoins, which is certain. I have traded in several types of Altcoins, but didn't get good results, Talking about memecoin, for me it is not used as a trading method, I often mention it as a means of long-term investment over a certain period of time, memecoin for me is not good for trading, investment maybe.

Meme coins should be avoided, even if we were to consider the massive profits an investor could obtain by putting their money on the correct coin, the risk will still not be worth it.

Since there is not really any way to predict which one of those coins will experiment such growth, and while there are many investors out there that claim to know this information, they are either lying or overestimating their capabilities, as most of the time the only differences between a successful meme coin and the hundreds of failed coins that exist is a nice name and an effective marketing campaign.

It is really a shame that people do fall for their trap, it is quite easy to handle something this big, we should not be really considering the situation to be all that confusing, we are dealing with a good situation here. I get that it is not going to be all that easy to make money from bitcoin, because it's slow compared to altcoins, but just because alts could move faster doesn't mean that they will.

So, we should consider the deal to be a bit harder to handle, and if we can make it work then we could definitely get to a point where it is going to be something that will end up being quite strong for all of us. I know that we are not dealing with anything that would not be all that simple, but we just need to make it work.

Just asking casually dear do you think trading in memcoins is more worthy than trading in altcoins? As far as I know, trading in memecoins has more risk than that of altcoins because it is volatile more than the altcoins and has fast pumps and dumps.

On the other hand, as you also said if you try to trade in altcoins and not hitting our point goal we can hold in for some more long time. We should only trade good projects that have strong use case. Many Thanks

moments for altcoins perhaps we can better control or predict. but for memecoins, it can happen very quickly and even if it gets wasted it could be worthless. so if we want to trade for memecoins, we have to focus on their market. Even though the profits from the pump can be very large, the risks are also greater.
Trading altcoins is also the same, but when the trade does not reach the plan, at least the asset we choose has the option of another plan for trading for a longer time.

OP, The point is that I do not trade too much I do less trades and if I have to choose from these two for doing short-term trading as you mentioned in your topic title I would love to choose altcoins and would choose only altcoins that have less risk so that the chances of losing funds will be less and we all also know that altcoin also have big risk so in this case we have to be very picky to doing short trades.

we should verify altcoins before taking short trades by doing Technical analysis (TA) and Fundamental analysis (FA). DYOR.

well said. We should not experiment with memecoin when market is so volatile & unpredictable. For example dogecoin may pump 5-7 time and so far shiba cause these are top altcoins, even doge has elon musk support. But if rest of memecoin fall down 8-10 time low from their value, then op will still in lose. But buy only doge & shiba won't be a sure shot for OP cause nobody can't speculation that what is going to be happened where elon musk is more unpredictable than memecoin lol. But anyone can take Risk with own responsibility

Logically right! meme projects are all the same, being introduce to gather investors and traders attentions for the hype that possibly to take place, though you still needs to have that information to interpret the possibility, no assurance and we can't really tell when the pump will going to happen, speculation and just a big-nerve to invest your money then wait for the actual outcome.


Indeed right, whales are everywhere and they are good in putting their money to whatever project they wanted to play, artificial market movements and capable to either pump or dump the project real time to create panic around, they all have that freedom as riders will always grab that opportunities and mostly become a victim of that whale dive.

Not sure if what knowledge can do in meme coins since all of them are the same. But maybe it helps us to be aware if what meme coins are going to get pumped and if how long we are going to HODL them. It gives us a gut as well to take a risk on them. Any cryptos can fall anytime without prior notice. It's just that meme coins can hardly recover anymore.

There are also whales in non-meme coins but it's just that meme coins are more easier to manipulate. But, a lot of us who invest in non-meme coins can still suffer due to the whales. Their main intention is to profit and not to play but sometimes they need to disrupt our thinking if they experience some difficulties or if they want to earn more.