Trading DEFI vs Trading Older coins - page 2.

Quidat

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Quote from: crwth on January 28, 2021, 11:02:36 PM

What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?

This question is subjective because profitability will always vary on how well you do trade.It doesnt matter if you do go with DeFI or do simply go with typical
or known coins in the market.Both will really be moving out their prices depending into their demand. Volume is one of the most common indicator
on which one will really be worth off for your time or indication that price will really be actively moving.So this will particularly talks on someones preference,
if you do find out that trading DeFi is profitable for you then stick with it, but if not then go with other alts, just find on what suits you best.

sarmrakib

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You have listed the top Defi coin and old coin coin .I think Defi is recently getting a great hype and the price is growing through it .On the other hand old coin which has a great blockchain platform and they are well known platform with great popularity .I think defi project are still testing on the crypto platform we are now watching closely into the market after that we can easily decide which platform we will choose to invest .

tranthidung

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Quote from: mk4 on January 29, 2021, 12:11:56 PM

Just to add here: while risks of loss is surely smaller, the chances of them going higher are also low. So act accordingly.

I remember those older "DeFi" coins of 2017 lol. When they were being shilled everywhere on Reddit it was like these projects were some hot stuff that's guaranteed of being successful and being a good investment.

Well.. they sure have such "lovely" charts..

Lovely charts are the ones attract us to dig in and find out potential coins/ tokens to speculate with.

Investigate the developmental activities of those projects: in the bear market, last 3 years and in the bull market.
Consider
- If their developers did not do anything or very limited in the bear market, please stay away from those projects. They solely wait for bull market to reappear and find other greed waves to steal your money.
- They don't have intend to develop any real product, just need money
If their developmental activities are good in past 3 years, ok, you can go forwards, find more details, and make decisions.
Volume should not be tiny due to risk of delisting. Exchanges are greed and they don't lose anything by deleting old, dead coins and add new coins with big volume (even in next few months). They don't want to spend maintenance resources for dead coins.

konflikkastil

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Either Defi or older coin, there is not coin you can't cash out on big time. Though, I personally have very little trust in this Defi craze. They can be so discouraging sometimes. While not let's generalized them and look forward to getting any one among them that when traded can give you something reasonable. Have not had luck with Defi coins before, so I stick to my older coins. Likes of BTC, eth, trx, XLM, BNB, ADA and lot of them. Do you guys noticed what is going on with DOGE COIN now. Who would have believe a shit coin like that can be doing so good lately. That's crypto for you, don't focus on Defi alone. There are more opportunities.

monatana

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defi still has the possibility to go up when eth becomes 2.0 and I also believe in defi coin for now

maydna

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I am afraid that if we suggest you trade the DeFi or the older coins can make you more confused to decide because I see in your list is good to trade, although it is a bit difficult to determine to enter the market. I think you can use bitcoin to trade now as the price still moves up and down many times, so I guess you will have a chance to make a profit.

I see that Link, Uni, Eth, Ltc, Nem, and Xmr is good to trade, especially for the scalping trade. But you can also buy and hold that coins and only wait for the price to increase higher, you can sell them right away. Some of my friends are still trying to trade for dogecoin pair btc or dogecoin pair usdt, but it is risky since the price is already skyrocketing. Perhaps, that still worth trying, but you need to be careful.

But you need to research by yourself to find the coin.

Coin_trader

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Defi is a high risk high return asset considering the volatility of this coin. Defi doesn't need to be hype that much in able to be discovered unlike old coins that needs to be hype by well known person to discover since hype already passed there era.

If your purpose of trading is for long term, old coin is a better investment than defi because old coins price is not that hype too much which means there's still a lot of room for potential growth.

I recommend investing on $ONT $NEO $XMR $DASH and many more coin that's not on the spotlight lately. I'm sure whales will jump on other good old coin that doesn't pump yet.

CryptopreneurBrainboss

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Since the profits (quick ones) is what we're looking for here when trading altcoins, you don't have to risk getting screwed as poor marketing or patronage are been given to the old coins. You don't expect those that where launched years back to do better than the newly launched project with all attention at them. The old coins that'll be doing great aren't the average ones out there but those with losts of marketing and community support just as we saw with doge coin in the last 7days.

We all know without all the hype, there isn't much potential in the coin and it was beginning to lose the media attention but all or most defi coins are in the news and this contributes to their growth. Ethereum success has lots to do with it been the host platform for most DeFi projects.

For investing, the old project with fundamentals are better options then the newly launched project but for the trades, you can ride the DeFi hype but with caution though.

mk4

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Quote from: tranthidung on January 29, 2021, 08:52:23 AM

Note: Old altcoins/ tokens give you better safety, risks of loss is smaller than DeFi tokens. At least for this period.

Just to add here: while risks of loss is surely smaller, the chances of them going higher are also low. So act accordingly.

I remember those older "DeFi" coins of 2017 lol. When they were being shilled everywhere on Reddit it was like these projects were some hot stuff that's guaranteed of being successful and being a good investment.

Well.. they sure have such "lovely" charts..

Kupid002

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Quote from: mu_enrico on January 29, 2021, 09:13:27 AM

I think DEFI already has its big move, and from my observation, this bull run could make old community coins shine again.
If you remember, in the past, there are Raven, Digibyte, Bitshares, etc., ups they already pumped.

*Not financial advice, DYOR & DWYOR

Yes the old coins will shine better than hype DEFI project. DeFI right now is like early stage of ICO where many investors earn a lot in early days of it , it will also lost its value in long term after many people taking profit in it and they will back again to old coins that has more use cases than this new DEFI project. I don't say they will failed its just too early for them to have that daily volume or increase in their price without proven anything in crypto space.

And for the LINk I heard that 1% of wallet owner own 80% of the supply thats the reason I guess thats why its easy to pump because it is more in favor to more holders as long they will not sell it has a potential to grow.

justdimin

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Honestly I would still go for trading older coins if you are capable of investing with minimal risk and do not want to risk it on a yolo trade. At the end of the day small investor would have to pay a hefty network fee and will be at zero on first second, that means you need to invest into a defi that would make you 20%+ profit in a very quick period of time just to help you break even. That is why I would say older ones are better for smaller investors and less risk.

However if you can find it in yourself to invest a decent amount (I mean like 1k dollars or more) and you want to risk it all, I would suggest find the defi that everyone is hyped about, and get involved with it and you will end up with a huge profit from it enough to actually cover the fee easily and more money on top of it. I do not think that it is easy to do that, but it would have a higher reward as well.

mu_enrico

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I think DEFI already has its big move, and from my observation, this bull run could make old community coins shine again.
If you remember, in the past, there are Raven, Digibyte, Bitshares, etc., ups they already pumped.

*Not financial advice, DYOR & DWYOR

tranthidung

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Quote from: crwth on January 28, 2021, 11:02:36 PM

What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?

Let's skip the list of new or old coins/ tokens, I think it is a period for old altcoins/ tokens.

DeFi tokens have their year in 2020, since July or August of 2020 (I just recalled it). If you have been in crypto market long enough, you would know that a cycle of pumps and dumps take months (usually 4 months). But hey, it is magic behind the pumps of DeFi tokens last 2 weeks such as CRV.

Anyway, despite of the fact that altcoin season is in the air, old altcoins are better choices as they were dumped many months and now it is time for them to rally and show their 'values'. If anyone need example, it is Ethereum, the King of altcoins. Cheesy

Note: Old altcoins/ tokens give you better safety, risks of loss is smaller than DeFi tokens. At least for this period.

lepbagong

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Quote from: jrrsparkles on January 29, 2021, 05:04:21 AM

In trading the utility doesn't affect much on the prices so ignore the defi, coins or tokens just pick the one which is about to burst. Doge coin was the on had supporters for very long which suddenly caused the price to burst out which can happen with any older coins but with new defi it may only last for minutes and for sure the whales are going to make the reap not the actual traders.

what you say can reflect of all those who trade because what is needed is not what coin is, but what is clear is the coin that will give you the best return. if indeed Doge is being targeted, we shouldn't ignore it because the opportunity will be lost the next time. It's hard to guess what will happen when the price moves up as well.

Unfortunately, the opportunity to increase will not be long ago if we hold on to waiting for it, because it looks like it will soon start to look down again, whether the next one will be another surprise, of course no one can be sure.

harizen

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It will be based on our own preferences. As long as trading those are effective to us, no need to specifically choose on them.

Right now, I admit that I'm one of those who ride the DeFi hype since I'm always open at any opportunity and already test the waters there but I still have those "old" tokens, shit or not.

In the end, the approach is still the same no matter what the coin or token is, maximizing the strategy to always keep up with the buy low sell high target instead of the other way around.

jrrsparkles

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In trading the utility doesn't affect much on the prices so ignore the defi, coins or tokens just pick the one which is about to burst. Doge coin was the on had supporters for very long which suddenly caused the price to burst out which can happen with any older coins but with new defi it may only last for minutes and for sure the whales are going to make the reap not the actual traders.

cryptoaddictchie

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Quote from: crwth on January 28, 2021, 11:02:36 PM

What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?

I think those defi tokens are much better. But we can't literally neglect those old coins as these are the pioneers. One good example is dogecoin but I believe the pump is solely due to hype of elon musk. Now everyone watching what will be the next hype coins. Not so sure but definitely polkadot projects are still on hot seat.

Maybe we should depend on the project that are fully packed with updates and news.

GreatArkansas

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To be honest, I was wrong at first on DeFi coins.
Instead of accumulating some of them before, I instead bought the old coins or where those DeFi coins are built on.
Just like Ethereum. If you made some calculations, if you buy some Defi coins that are under on Ethereum, you may earn huge profits instead of just buying only Ethereum.

arbiter5

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There really isn't such thing as "coin that's better to trade". It's just going to depend on your trading style. Some guy could prefer something that's low volatility and high trading volume like the SPY, while someone like me would prefer something high volatility with lower trading volume like DOGE.

Same thing with those altcoins. The DeFi tokens are moving a lot more recently due to their hype so there's so much opportunity to time a long/short, while those other non DeFi altcoins are slightly more stable hence probably better to trade with options. Which coins with these certain characteristics that you prefer trading will be the "better" option for you.

crwth

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Do you think that it's better to trade older coins that are nowhere near the DeFi craze that we have right now?

So the DeFi Tokens that are hyped right now (from the top of my head)

LINK
UNI
SNX
DAI

and many more.

There are a lot of tokens that are bringing even more value without being a DeFi Token

ETH
LTC
NEM
XMR

With Doge skyrocketing, I'm even more confused what's the best thing to trade into.

What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?

Topic: Trading DEFI vs Trading Older coins - page 2. (Read 382 times)