Trading Low Liquidity Altcoins | Bitcointalksearch.org

Webetcoins

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Quote from: Huppercase on February 05, 2024, 11:22:08 AM

Bitcoin also has the same challenge. When coins hat are mine many years ago are unlock, people start to panic for no reasons, even if it is as little as 10 BTC, they worry that something is about to happen or maybe even the shorters are always happy about this so they can make money. We need confidence to reduce these challenge and help ourselves so that these market and panic will disappear forever.

Well, what's the fun if there are no sudden movements in the market providing short but profitable trading windows to day traders? I mean, I know it's not fun for those trading in the futures market and have longed for certain cryptocurrencies, but there must be some spice in the market all the time, otherwise, it starts to get a little boring. Remember the time after March 2023 when Bitcoin became completely stagnant at around $30K? That was a boring phase, no doubt about it.

That being said, I don't want the market to stop reacting to news and events because I believe that's what makes it fun. However, I know that sometimes it gets too severe and that shouldn't happen, but I think the market is now becoming more mature over time, and public reactions aren't as severe as they used to be in the past.

AakZaki

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Quote from: ShowOff on February 05, 2024, 05:37:00 PM

There are thousands of altcoins that already have trading pairs on various exchanges, all in a long list for various categories here:

Top Crypto Categories By Market Cap

Altcoins with low trading volume and low market cap tend to be a trap for investors. Most will just end up being scams and others will fail to develop, but people always bet on luck even if it's only on a low budget. I don't like doing it, but some investors actually get huge returns this way. Of course not everyone will get the same returns as each other, but they can do so at their own risk.

People who always bet face high risks and with high profits, they have prepared everything including mentally and the money they will lose. Even though they use a small budget, some coins provide extraordinary profits. There are many examples that actually happen, such as $PEPE which was initially very cheap, but with strong community support and a lot of hype, a $1 investment could even generate thousands of dollars in just a few days. This is really crazy, but in crypto everything can happen overnight.

wxa7115

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Quote from: Inwestour on February 05, 2024, 07:10:42 AM

Quote from: JeffBrad12 on February 04, 2024, 10:09:16 PM

a coin that hasn't listed in cex to be frank, always have that risk of lacking liquidity even for cashing out sometime its just not possible thats why investing in altcoin with low liquidity i think is always a bad idea because there's just no guarantee that there will be liquidity, also the devs could remove liquidity they provided anytime.
to be frank here, cex has standard of listing the coin they think deserving to be listed, and im talkng about good cex with reputation, if a coin doesn't make it, then I doubt its that good.
at least get listed in a cex and see how things going and then i will try to invest, otherwise if its full blown only available in dex i think i will pass.
because there are simply too many things that could be happening if we invest some big amount to it, rug pull for example, we can't really audit the smart contract by a glance can we?

Investing in such tokens is a big risk, I agree with this, but for trading they can be acceptable, besides, when a pump occurs on such alts, then during the period of such activity the volumes grow very well and there will be no problems with liquidity either. And for investing, I wouldn’t risk picking up such alts, it’s too risky for me to decide to invest my money in it.

For long-term investment, we have Bitcoin, this is an asset with which I will always feel confident, so why should I create risks for myself that could harm me.

If an asset has a volume that is too low then we must avoid trading it too, and this is because if you decide to ignore the low volume and trade the coin anyway, a whale could always try to manipulate the coin.

But this is a movement that will not show on the charts until it actually happens, so you have no way you prepare yourself for it and sell before it happens, and this implies that even most coins on the market are too risky to trade and must be avoided.

ShowOff

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Quote from: AakZaki on February 05, 2024, 03:28:38 PM

Quote from: tvplus006 on February 04, 2024, 07:58:42 PM

Despite the fact that you understand the risks that come with trading the PLSX coin, you are nevertheless trying to find a workaround to try to trade it. It may be easier for you to find another coin to trade, especially since the market presents a huge variety of coins to your attention.

Yes, there are more coins that are more profitable to trade. But maybe the OP has the coins from an airdrop or it's just a trap coin sent by a scammer. You need to be careful because anything could happen. If the coin is not listed on any exchange do not try to sell it, there will be no volume and no profit.

There are thousands of altcoins that already have trading pairs on various exchanges, all in a long list for various categories here:

Top Crypto Categories By Market Cap

Altcoins with low trading volume and low market cap tend to be a trap for investors. Most will just end up being scams and others will fail to develop, but people always bet on luck even if it's only on a low budget. I don't like doing it, but some investors actually get huge returns this way. Of course not everyone will get the same returns as each other, but they can do so at their own risk.

AakZaki

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Quote from: tvplus006 on February 04, 2024, 07:58:42 PM

Despite the fact that you understand the risks that come with trading the PLSX coin, you are nevertheless trying to find a workaround to try to trade it. It may be easier for you to find another coin to trade, especially since the market presents a huge variety of coins to your attention.

Yes, there are more coins that are more profitable to trade. But maybe the OP has the coins from an airdrop or it's just a trap coin sent by a scammer. You need to be careful because anything could happen. If the coin is not listed on any exchange do not try to sell it, there will be no volume and no profit.

tvplus006

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Quote from: Huppercase on February 05, 2024, 11:22:08 AM

...Jeff Bezoz wife announced last week that she is going to be selling about 50 millions shares of Amazon, it was intentional and she needed liquidity and the announcement didn't shake Amazon price but if that happen to crypto, you will see immediately that people will start selling...

You've got it all mixed up) It's not Jeff Bezos' wife who's going to sell 50 million shares of Amazon, but Jeff Bezos himself - https://www.reuters.com/business/jeff-bezos-sell-50-mln-shares-amazon-by-jan31-next-year-filing-2024-02-02/ In addition, the total number of shares will not be sold at a time, but in equal parts during 2024. Thus, the pressure on the price, which could lead to its decrease, will be eliminated.

Huppercase

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Quote from: Inwestour on February 05, 2024, 07:10:42 AM

Investing in such tokens is a big risk, I agree with this, but for trading they can be acceptable, besides, when a pump occurs on such alts, then during the period of such activity the volumes grow very well and there will be no problems with liquidity either. And for investing, I wouldn’t risk picking up such alts, it’s too risky for me to decide to invest my money in it.

For long-term investment, we have Bitcoin, this is an asset with which I will always feel confident, so why should I create risks for myself that could harm me.

Crypto has a liquidity challenge in general, even Bitcoin isn't exempted from this problem. It's not like the traditional market that are very liquid and don't break down on pressure. I'm going to use one for example, Jeff Bezoz wife announced last week that she is going to be selling about 50 millions shares of Amazon, it was intentional and she needed liquidity and the announcement didn't shake Amazon price but if that happen to crypto, you will see immediately that people will start selling.

Bitcoin also has the same challenge. When coins hat are mine many years ago are unlock, people start to panic for no reasons, even if it is as little as 10 BTC, they worry that something is about to happen or maybe even the shorters are always happy about this so they can make money. We need confidence to reduce these challenge and help ourselves so that these market and panic will disappear forever.

leonair

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Quote from: david678345 on November 08, 2023, 02:06:25 PM

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

You not mentioned the full name of PLSX I found one coin on coinmarketcap is PulseX and it is a DEX platform and this token is not listed on any centralized exchange like MEXC. So if you want to trade this token you need to use DEX and you can swap tokens using PulseX exchange. this token has a market cap of $6.85B and a daily trading volume of over $3M according to coinmarketcap data, but I don't think it has much potential so I'm not in favor of trading it.

Inwestour

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Quote from: JeffBrad12 on February 04, 2024, 10:09:16 PM

a coin that hasn't listed in cex to be frank, always have that risk of lacking liquidity even for cashing out sometime its just not possible thats why investing in altcoin with low liquidity i think is always a bad idea because there's just no guarantee that there will be liquidity, also the devs could remove liquidity they provided anytime.
to be frank here, cex has standard of listing the coin they think deserving to be listed, and im talkng about good cex with reputation, if a coin doesn't make it, then I doubt its that good.
at least get listed in a cex and see how things going and then i will try to invest, otherwise if its full blown only available in dex i think i will pass.
because there are simply too many things that could be happening if we invest some big amount to it, rug pull for example, we can't really audit the smart contract by a glance can we?

Investing in such tokens is a big risk, I agree with this, but for trading they can be acceptable, besides, when a pump occurs on such alts, then during the period of such activity the volumes grow very well and there will be no problems with liquidity either. And for investing, I wouldn’t risk picking up such alts, it’s too risky for me to decide to invest my money in it.

For long-term investment, we have Bitcoin, this is an asset with which I will always feel confident, so why should I create risks for myself that could harm me.

JeffBrad12

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Quote from: Sebas.tian on November 19, 2023, 11:13:04 PM

But there are many potential altcoins in the market you can buy with low price and have hope of winning something big from your trade, when the price increase higher in the future. I believe you know that this altcoin you mentioned is not common in the exchange market and it will put your money in risk that will make you to regret for investing in new project that is not popular in the market. There is no way you will invest in Bitcoin, Ethereum and Solana you will not achieve a good income that will motivate you to invest in another time because their teams are very active to make their traders rejoice.

a coin that hasn't listed in cex to be frank, always have that risk of lacking liquidity even for cashing out sometime its just not possible thats why investing in altcoin with low liquidity i think is always a bad idea because there's just no guarantee that there will be liquidity, also the devs could remove liquidity they provided anytime.
to be frank here, cex has standard of listing the coin they think deserving to be listed, and im talkng about good cex with reputation, if a coin doesn't make it, then I doubt its that good.
at least get listed in a cex and see how things going and then i will try to invest, otherwise if its full blown only available in dex i think i will pass.
because there are simply too many things that could be happening if we invest some big amount to it, rug pull for example, we can't really audit the smart contract by a glance can we?

tvplus006

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Quote from: david678345 on November 08, 2023, 02:06:25 PM

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed). ..

Despite the fact that you understand the risks that come with trading the PLSX coin, you are nevertheless trying to find a workaround to try to trade it. It may be easier for you to find another coin to trade, especially since the market presents a huge variety of coins to your attention.

lixer

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Quote from: Volimack on January 27, 2024, 01:26:00 AM

Quote from: shawonngp on November 18, 2023, 11:53:45 AM

I searched PulseX and found it Coimnarketcap and Coingecko, It is not listed in Mexc exchange so how can find it on this exchange? You can check first your country is restricted in gate.io if not then try to reach their customer support, they are very responsible to help you. PulseX listed many unknown exchanges, 1. safetrade and 2. PulseX exchange may be it their own exchange.

Yeah PLSX seems like a new coin to me and is for the exchange these should be exchanged very carefully. Not listed on good exchange sites. PulseX presents itself as an innovative platform outlining a new paradigm for decentralized exchange. Leveraging liquidity pools and incentives for liquidity providers, PulseX aims to provide an efficient and profitable exchange solution for PulseChain users. There are own exchange sites and they establish themselves.

For you it's new because maybe you just heard it here but for me, it's not, because I already heard it before. Though yes, we need to be careful on dealing with it because there are talks that the coin is shady and the people behind it have a shady background as well. Maybe this is the reason why they choose to get listed on their own exchange and then on some unpopular ones because it's easy to do manipulations there.

But, I doubt if will they ever get approved if they propose their project to get listed on a better exchange. However if they do, then they might attract more people. This is a wrong initiative though. When investing, we should also consider other factors.

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Quote from: Inwestour on January 27, 2024, 01:45:19 PM

If I decided to trade low-liquidity altcoins, I would not devote a lot of money to it, because I understand the risks associated with such trading. It seems to me that such projects are more prone to scams, so I try to avoid them in every possible way.

Even if such a project isn't a scam by nature, a token or a coin that doesn't have enough liquidity would barely be able to survive for long or gain substantial value because most people wouldn't be able to trade it and when there wouldn't be much trading volume, there wouldn't be a lot of price increases which is what makes it interesting for investors since they see they can get profit by trading it. An investor would never be interested in trading a coin or a token that is mostly idle.
A lot of newbie investors think that they can earn more money if they invest in coins or tokens that either have low liquidity or a low market cap which are both not the right ways to evaluate the potential a cryptocurrency might carry.

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Quote from: Inwestour on January 27, 2024, 01:45:19 PM

Quote from: dunfida on January 22, 2024, 04:37:52 PM

Not all those people who bought on low caps are total noobs, there are those people who are knowledgeble or old who keeps on trying out to gamble with these low caps and hoping that there would really be some sort of whale that would really be planning or luckily that would be playing out of these projects or coins on which it could really happen on this market luckily. If you do able to make yourself to hit up the right project
then you would really be having potentially those huge possibilities on making huge income or profit but this is rare and could really be done on one shot. This is why people would really be that a fan off on
trying out to invest and throw up some bucks into these kind of projects.

I believe that a big player is capable of entering such a project only if he has some kind of insider information. It is clear that in this case, risks will also be present, but in this case he has information that the price will rise, this differs from the trading we are used to, which is built on technical analysis and possibly expectations.

If I decided to trade low-liquidity altcoins, I would not devote a lot of money to it, because I understand the risks associated with such trading. It seems to me that such projects are more prone to scams, so I try to avoid them in every possible way.

When it comes on trading low liquidity coins then majority of us would really be assuming that once that volume would be lost or be on that minimal side then it would really be that just as good as dead but well as long there would really be those buy and sells in between to those buyers and sellers then there would really be always that having the chance for some massive comeback but of course not all projects or coins would really be able to have that kind of chance on which we know that when it comes to whale influence then projects could shoot up into the moon and as an ordinary trader or investor then there's no way that you could really be able to know on what are those projects on where these whales would be planning on targeting. This is why it wont really be that so easy if you are really that hovering yourself on trying out
to make money on trading low liquidity coins.

Inwestour

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Quote from: dunfida on January 22, 2024, 04:37:52 PM

Not all those people who bought on low caps are total noobs, there are those people who are knowledgeble or old who keeps on trying out to gamble with these low caps and hoping that there would really be some sort of whale that would really be planning or luckily that would be playing out of these projects or coins on which it could really happen on this market luckily. If you do able to make yourself to hit up the right project
then you would really be having potentially those huge possibilities on making huge income or profit but this is rare and could really be done on one shot. This is why people would really be that a fan off on
trying out to invest and throw up some bucks into these kind of projects.

I believe that a big player is capable of entering such a project only if he has some kind of insider information. It is clear that in this case, risks will also be present, but in this case he has information that the price will rise, this differs from the trading we are used to, which is built on technical analysis and possibly expectations.

If I decided to trade low-liquidity altcoins, I would not devote a lot of money to it, because I understand the risks associated with such trading. It seems to me that such projects are more prone to scams, so I try to avoid them in every possible way.

kojektea

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Quote from: david678345 on November 08, 2023, 02:06:25 PM

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

it's best to exchange your plsx first to hex in your partner's dex
https://dexscreener.com/pulsechain/0x1b45b9148791d3a104184cd5dfe5ce57193a3ee9 or you can see other pairs, if you have done it, bridge HEX on the pulse network to the eth network, then exchange HEX for eth on uniswap, it's just that simple, you can't go wrong buying it again I also see that PLSX has sufficient liquidity, it's just not listed on many CEXes
good luck guys let me know if you are confused

Volimack

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Quote from: shawonngp on November 18, 2023, 11:53:45 AM

Quote from: david678345 on November 08, 2023, 02:06:25 PM

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

I searched PulseX and found it Coimnarketcap and Coingecko, It is not listed in Mexc exchange so how can find it on this exchange? You can check first your country is restricted in gate.io if not then try to reach their customer support, they are very responsible to help you. PulseX listed many unknown exchanges, 1. safetrade and 2. PulseX exchange may be it their own exchange.

Yeah PLSX seems like a new coin to me and is for the exchange these should be exchanged very carefully. Not listed on good exchange sites. PulseX presents itself as an innovative platform outlining a new paradigm for decentralized exchange. Leveraging liquidity pools and incentives for liquidity providers, PulseX aims to provide an efficient and profitable exchange solution for PulseChain users. There are own exchange sites and they establish themselves.

arwin100

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Quote from: lombok on January 22, 2024, 06:07:11 PM

Quote from: dunfida on January 22, 2024, 04:37:52 PM

Not all those people who bought on low caps are total noobs, there are those people who are knowledgeble or old who keeps on trying out to gamble with these low caps and hoping that there would really be some sort of whale that would really be planning or luckily that would be playing out of these projects or coins on which it could really happen on this market luckily. If you do able to make yourself to hit up the right project
then you would really be having potentially those huge possibilities on making huge income or profit but this is rare and could really be done on one shot. This is why people would really be that a fan off on
trying out to invest and throw up some bucks into these kind of projects.

If the investor is lucky, I'm sure with $10 of capital he can get tens of thousands of dollars. This happened a lot when coin memes went viral at that time. Of course this low cap project doesn't have to be related to Meme Coin, but there are many low cap projects that have potential like this, so again this is just like looking for a needle in a haystack 😅

But actually its hard to find those low cap coins that have potential to grow crazily since we don't know if there's good action will be done by its creator or if the community member of that project still willing to support those coins.

But if they can able to handle the risk and can afford to lose those capital they put on those low cap coins then maybe its good if they try those since they could experience how to deal with those type of tokens and for sure they can learn a lot by trading those coins. People would try this they should check at least if there's still legitimate people supporting and discussing its further developments also if the devs still alive posting some fine updates on their project.

Out of mind

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If you can't find this coin on MEXC or Gate.io exchanges, then this coin was not listed there. Plsx may have been listed in these exchanges but now delisted, but you can still get this coin in dex exchanges even if you don't get cex exchanges. So you can find out how you will be able to swap up from CoinMarketCamp.
https://coinmarketcap.com/currencies/pulsex/#Markets

lombok

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Quote from: dunfida on January 22, 2024, 04:37:52 PM

Not all those people who bought on low caps are total noobs, there are those people who are knowledgeble or old who keeps on trying out to gamble with these low caps and hoping that there would really be some sort of whale that would really be planning or luckily that would be playing out of these projects or coins on which it could really happen on this market luckily. If you do able to make yourself to hit up the right project
then you would really be having potentially those huge possibilities on making huge income or profit but this is rare and could really be done on one shot. This is why people would really be that a fan off on
trying out to invest and throw up some bucks into these kind of projects.

If the investor is lucky, I'm sure with $10 of capital he can get tens of thousands of dollars. This happened a lot when coin memes went viral at that time. Of course this low cap project doesn't have to be related to Meme Coin, but there are many low cap projects that have potential like this, so again this is just like looking for a needle in a haystack 😅

Topic: Trading Low Liquidity Altcoins (Read 714 times)