Topic: Trading : BASED ON COINMARKETCAP :) (Read 148 times)

Exactly. Look at it as your guide specially the top 20 coins. I don't go further go top 100 though, I just look at the top 20 and see how it moves and then make your judgement. I think if you have been early, like invest on them in 2nd week of November last year, you should have made a lot of profits because altcoins have been pumping that time and some of them have been dump lately, there are still coins that is being pump at of the moment. Goodluck to you.

i don't like it to be honest.
in the past couple of months i have seen some growth in the number of people who think like you, they look at coinmarketcap.com and don't even visit the other coins out of the first 100 and mostly stick to the top 10 or 20 of them and think they can make profit that way. it even led to creation of a lot of alert websites and tools based on this!!!

it may work sometimes but i don't see it working always. there is actually a lot more profit in the smaller coins than there is in the biggest ones. for example you can see a useless junk coin which is worth 1 satoshi go up to 20,000 satoshi but you can never see a 1,999,900% rise in ethereum for example because it is already big more than enough.

This is exactly true not all altcoin in top 100 in coinmarketcap are have potential to shine it can be pump or dump anytime, coinmarketcap was a guide only to see what coin will be in the top its better to search the coin you will be invest or choose to buy if you see that the altcoin have a great developer and have real product so it safe to buy and hold.

i use this site https://beta.digitalassetdb.com to find trade opportunities...this site is good at spotting early change in volume that usually end up in price spikes...

Even if the coins you want to trade is in the coinmarketcap top 100, you still have to research some of them first if you are looking for a real potential coin. What I am looking for is the market the long term growth of coins where you can be able to hold them for weeks or months and then sell later when their prices is soaring again.

Well, the price of a coin depends completely on it's Market Cap, and it's Circulating Supply.  Divide one by the other and you get the fair market value.  The top 100 coins have the largest market caps, and generally trading volume.  If you want to invest, then just pick several of the best cryptocurrencies, buy some, throw them on a Trezor, and forget about it.  

If you want to make money trading, then you need to learn charting, or just join a group.  Trading groups vary, but most offer free signals, and then VIP paid signals.  If you don't have experience trading, then you're probably going to lose money.  In my experience, it's worth the $50-$100 bucks a month to get signals sent to your e-mail, phone, chat room, etc.  Then you just plug the numbers in and make money.  I'm a good trader on my own, but even I pay for multiple signal services, and off their calls I earn back multiples of what I pay out.  

You get what you pay for.  If you're interested in trading, I recommend the guys over at Cracking Crypto.  They're the most knowledgeable group I've met, and it's a pleasure to work with them.  They offer free services, but also a paid service if you're looking to take your trading to the next level.  

You can join their Discord right now for free, they're holding it open to new members for one more month.  Tell 'em Disputin sent you.  

https://discord.gg/EmmBNEY

Well there are a lot of outsider cryptos, that are showing 100-200-500% price increase, and they are not in the top 100. It is wise to monitor 2nd and 3rd tier cryptos.

Yeah the pump and dump more to a scam scheme, a clever way to scam dumb people who for the first time come to crypto. It's not always the top 100 coin on coinmarketcap are promising, but at least with the huge market capitalization you could feel a little bit confident as there's a lot of people invested the money just like you in there.

The point that a coin is listed as top 100 or 200 is not a guarantee that it is a good trading coin, is risky. A coin might have been pumped and getting near its dump, thus, climbing to first 15 . With this, you might get deceived to believe that such coin is good for trading and buying it might mean you just bought  an 'unrepairable car with bad engine'.

Therefore, you must do a personal research, check the supply and usage of the coin.

Where a coin is listed in the first 100 has nothing to do with its trading power, it just shows the performance at the time and sometimes , it might just be a mere bubble or balloon waiting to burst in your face to 'cause financial injury'.

100% agree. Don't just look in the top 100 or you'll miss out on amazing opportunities. I'd suggest top 200-400 at least. Look at all of the top 100 alts that don't even have a working product yet! Some of them are going to fail, and they're hundreds of millions for market caps! Like what!? Omg. Those will not end well.

Never take the risk with follow the top 100 for your trading decision. Maybe they good for now but they not will allways pumb in a week or month laters. Remember, the cryptocurrency is most volatile and no one can predict. But we can make decisions with analyst the coin movement. Make your analytics sharp and never follow the top position.

First of all top 100 is just a number it has nothing to do with price increase.Even in coinmarketcap these coins are certainly most prominent and technically very strong but that doesn't mean that they will increase or even vice versa.Price fluctuation is because of investment and selling not because of these rankings but only thing that is in favor of these coins due to these rankings is the trust of the people who don't know much about this coin increases with increase in rankings.Example Bitcoin is no.1 in list that means people will think it is more trustworthy than any other coin and they will invest that's it.Exactly what you thought by seeing these rankings all newbie thinks in that way only.

yeah sometimes but NOT always!
right now you are only seeing the top coins that have risen and you are excited about it because you were involved even you have not made an investment in any of them.
but if you hang around long enough and visit the "ALL" section of coinmarketcap.com to see all the 1700 something coins you can see that there are lots of other coins that are rising just as well as these so called top coins. sometimes even with high volumes enough for a whale to make profit.

try not limit yourself when it comes to trading altcoins...

The top 100 coins in coinmarketcap website is good for trading. They currently have 1385 coins listed on their platform and the top 100 are the best coins with higher trading volumes. So they are definitely worth trading or holding for long term. And I am also surprised to see the growth of Ripple and immediately started investing in it. I had a little amount of bitcoins in one of the exchanges, so I converted them in to Ripple at $2.85 just a day back with a long term outlook. So I am not immediately start day trading with them, instead I have a plan to hold it.

It's necessary that all the coins in top 100 coins from coinsmarket are the best coins out there. Even if the coins are presently at a low price it doesn't mean that it will necessarily go up. The trend sets the coin's price. If the trend is going upwards then the price might go upwards as well. The top 10 coins could be the best coins to trade but the top 100 coins includes many coins which are not that worthy at the moment. For example IOTA is in top list but doesn't give good profits quickly since it rises only at a particular time when it has some kind of positive news or development in the market.

You can use that as a guide but not all coins in the top 100 have great future, some coins are only pump and dump and you might be blind in those coins just be sure to do some research first about the coin you want before buying it

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Exactly top 100 coins in coincapmarket are best to trading

Few days I saw in coinmarketcap XRP price at 2$ a few weeks later I saw it now at 3$ and other coin that are in the top 100 are going up so fast.. is thus the sign that if the price of certain token in coinmarketcap is low but already at top 100 was it good to buy amd hodl this for weeks or month ? what do you think guys . Please give me an idea about trading . Thank yoy and Godbless !