Trading Low Liquidity Altcoins - page 4.

gunhell16

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Quote from: bangjoe on November 10, 2023, 11:54:12 AM

Quote from: taufik123 on November 10, 2023, 10:14:13 AM

What are your reasons for trading with Altcoins that have low Liquidity?
There are many good altcoins to choose from with a lot of liquidity without having to worry about exchanges and such.

Was the PLSX Altcoin obtained from Airdrop or did it buy from the beginning without thinking about liquidity, exchange listings, and how it developed?

Look at the list of top altcoins, that's a lot of volume.

Then why should you trade in Altcoins that will only become useless and have no definite increase in liquidity?

I do not understand why he chose to trade coins that have low liquidity, for my personal view it is a very bad decision and vulnerable to fraud or ponzi scheme, I myself do not know this PLSX coin.
For better security in trade, you better choose a coin that has a large liquidity to make it safer in the trade that is done as in the display of this image, I also suggest that.

But OP if you force yourself, maybe you better find it in Dex to find coins like that, usually Dex is the first market to become a new project market.

I'm not familiar with Plsx, honestly speaking, and it seems that's what I was also looking for when I made this topic. Unless OP is one of the team managers of PLSX and is just hiding himself from another person here in the forum to see the response of the community here in the forum, there will be many people interested in this coin.

Because it's impossible that he doesn't know that there are top altcoins in the market that are obvious and not insignificant and have more potential than that, please And besides that, it will also appear that you will just waste time there, from my observation as well.

Bushdark

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Quote from: david678345 on November 08, 2023, 01:06:25 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?

If you want to open an account on the so called exchanges you have mentioned, you will have to check that on Coinmarketcap or coingecko to know more about the other exchanges they might be listed. There are so many cryptocurrency project in the market also and you can find out what exchanges have listed them too by checking that online. There are many information we can get from cryptocurrency projects that would enable us to understand what a project is capable of doing and the future of the project whether it is going to last long or not.

knowngunman

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Quote from: david678345 on November 08, 2023, 01:06:25 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?

But if I may ask, why are you so glued to this coin? I mean what's special about this coin that you can not let it go since it doesn't exist in most exchanges? You know trading low liquidity coins can be more volatile than high liquidity coins because there is a greater chance of making or losing money in a short period of time but the main risks of trading low liquidity coins is that there is a possibility of being unable to sell the coin when you want to sell since there are fewer buyers and sellers of these coins and sometimes it maybe difficult to find someone who is willing to buy the coin at the price you want to sell it. The chances of being scammed is very high because these coins are often listed on small and less regulated exchanges and it could be easier for scammers to create fake coins and manipulate the market. If you think you're ready for the risk, then you can go ahead.

goldkingcoiner

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Quote from: david678345 on November 08, 2023, 01:06:25 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 would not trade anything which is low liquidity in terms of being lower than the top 50 coins on coinmarketcap. In fact, I would even go as far as to say that I would not touch any coin under the top 20.

If something happens and the price drops like a stone (remember LUNA?) then there will be absolutely nothing that you can do in order to stop it, because nobody will be buying your coins.

So you will just get to watch your coin become 0 without any chance of pulling out with a smaller loss. No, you will probably lose everything. I think it is not worth it.

DVlog

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Even lower tire exchanges will not list this type of token. They are mostly scam and I can see your token is from the pulse chain. The owner of the pulse chain is filing a case with the SEC. I can not remember what the charge is but i know it's for fraudulent activity with user funds. The concept of this blockchain is ridicule. They just issued all the available tokens in other blockchains that don't have any real value in the pulse chain. Anyway if you still want to trade that token try to use CMC to find a trading pair or drop a message in their community to get a response from their community admin.

bangjoe

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Quote from: taufik123 on November 10, 2023, 10:14:13 AM

What are your reasons for trading with Altcoins that have low Liquidity?
There are many good altcoins to choose from with a lot of liquidity without having to worry about exchanges and such.

Was the PLSX Altcoin obtained from Airdrop or did it buy from the beginning without thinking about liquidity, exchange listings, and how it developed?

Look at the list of top altcoins, that's a lot of volume.

Then why should you trade in Altcoins that will only become useless and have no definite increase in liquidity?

I do not understand why he chose to trade coins that have low liquidity, for my personal view it is a very bad decision and vulnerable to fraud or ponzi scheme, I myself do not know this PLSX coin.
For better security in trade, you better choose a coin that has a large liquidity to make it safer in the trade that is done as in the display of this image, I also suggest that.

But OP if you force yourself, maybe you better find it in Dex to find coins like that, usually Dex is the first market to become a new project market.

taufik123

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What are your reasons for trading with Altcoins that have low Liquidity?
There are many good altcoins to choose from with a lot of liquidity without having to worry about exchanges and such.

Was the PLSX Altcoin obtained from Airdrop or did it buy from the beginning without thinking about liquidity, exchange listings, and how it developed?

Look at the list of top altcoins, that's a lot of volume.

Then why should you trade in Altcoins that will only become useless and have no definite increase in liquidity?

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Quote from: david678345 on November 08, 2023, 01:06:25 PM

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?

Do you want to trade with such coins?
As you've mentioned you realize the potential risks of liquidity issues etc, still you still want to gamble, make sure to realize that the gamble never works in the training world.

For gate.io they've restricted their KYC in many countries, as far as I know in my early days I did own an account on gate.io, the coin you've mentioned plsx is quite decent I haven't analyzed it but the volume seems to be promising. It's not bad at all, but another concern is the platform itself. I know gate.io possesses some of a decent reputation in the market but still, if FTX can do such shity businesses we cant really trust any of the centralized platforms, the benefit of the doubt can given to the Top names with their reputation.

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Quote from: Oshosondy on November 08, 2023, 01:13:42 PM

No data is available for it on Coinmarketcap: https://coinmarketcap.com/currencies/pulsex/#Markets

Scroll down on Coingecko to see the exchanges it is trading like eToro: https://www.coingecko.com/en/coins/pulsex

Do not waste your time on shitcoins. Avoid.

If you want to trade volatile coins, you can see them on common exchanges like Bybit, Mexc, Binance, OKX and many others. I mean coins among first 500 in marketcap, unlike the one you asked that is not among first 2500 coins.

Plsx seems to be okay, and its daily trading volume is not bad in my opinion. So the only thing that is worrying is that it is not listed on the known exchange platforms here in the crypto market.

If only there were more exchanges where he was listed, even if it was in Mexico, it would have been okay for me, but it's a pity there isn't, so this is what made me think twice, and that's why I hesitated. I hope that before this month he will be listed by another exchange like Mexc.

Bitcoin_people

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PLSX this coin i see geta.io This list is not there then why are you thinking of creating an account here to sell these numbers. I think maybe this coin of yours is not that good, you have not clearly mentioned here whether you bought it for profit or not. I think you may have got this coin through a giveaway or airdrop which is why it feels too volatile to sell. But your coin is listed on full DEX, no listing on SEX exchange. So you can sell it using DEX trade if its liquidation is done.

joniboini

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Sometimes I wonder if people find these coins from some obscure forum threads. From my experience, almost every project has a Telegram group and they list where to trade their tokens there. Have you tried to check out their social media or Telegram group for that? One of the projects that I followed from years ago is also still not listed on any major exchanges, but the team listed several DEXes and small exchanges on their group. Obviously, it will be risky, and it is better to just avoid them and wait until they are listed on some tier-2 exchanges.

tygeade

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Quote from: Altryist on November 09, 2023, 09:45:05 AM

Quote from: doomloop on November 09, 2023, 08:32:14 AM

If you are going to trade this or similar coins only because you think you are going to get a lot of profit from it then I would suggest you don't do it because it's not worth the risk that you will have to take. I know that new and unpopular coins have the potential to gain substantial value after some time if they manage to get enough recognition but that doesn't happen with every project and this is why it will be a total waste of your money if the project doesn't live up to your expectations.

So, don't look at the risk : reward ratio of such coins being high and choose them only based on that and go for more secure cryptocurrencies that might not give you that high returns but they will at least stay around and don't have the possibility of a rug pull or the project becoming a complete failure after some time.

Nobody bothers you to keep most of your main portfolio in Bitcoin, and at the same time buy several tokens that, in your opinion, can show very good growth, but another question is whether you can find that same token among thousands that can grow so much that it it was worth the time. Tokens with low liquidity are easier to manipulate, this is true, and if you see that in this token there is a manipulator that accumulates a position and you expect that there will be growth, then you can try to take advantage of this, but I would not place high hopes on such investments.

Of course there are people who bother's the other people of doing that same thing, because most of us know that Bitcoin is the only solid coin here in the crypto world. They can even suggest that you shouldn't buy lots of altcoins and tokens, especially if they are not yet known because their risk might be high.

It's hard to find a hidden gem or a crypto with a very good potential but we can still try our best by reading or researching before we invest. Sometimes it's only about trial and error. So, it's best to use smaller amounts only. If you fail, at least you can only lose less but if you get lucky, you can still possibly earn a huge income.

Altryist

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Quote from: doomloop on November 09, 2023, 08:32:14 AM

If you are going to trade this or similar coins only because you think you are going to get a lot of profit from it then I would suggest you don't do it because it's not worth the risk that you will have to take. I know that new and unpopular coins have the potential to gain substantial value after some time if they manage to get enough recognition but that doesn't happen with every project and this is why it will be a total waste of your money if the project doesn't live up to your expectations.

So, don't look at the risk : reward ratio of such coins being high and choose them only based on that and go for more secure cryptocurrencies that might not give you that high returns but they will at least stay around and don't have the possibility of a rug pull or the project becoming a complete failure after some time.

Nobody bothers you to keep most of your main portfolio in Bitcoin, and at the same time buy several tokens that, in your opinion, can show very good growth, but another question is whether you can find that same token among thousands that can grow so much that it it was worth the time. Tokens with low liquidity are easier to manipulate, this is true, and if you see that in this token there is a manipulator that accumulates a position and you expect that there will be growth, then you can try to take advantage of this, but I would not place high hopes on such investments.

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Quote from: david678345 on November 08, 2023, 01:06:25 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?

If you are going to trade this or similar coins only because you think you are going to get a lot of profit from it then I would suggest you don't do it because it's not worth the risk that you will have to take. I know that new and unpopular coins have the potential to gain substantial value after some time if they manage to get enough recognition but that doesn't happen with every project and this is why it will be a total waste of your money if the project doesn't live up to your expectations.

So, don't look at the risk : reward ratio of such coins being high and choose them only based on that and go for more secure cryptocurrencies that might not give you that high returns but they will at least stay around and don't have the possibility of a rug pull or the project becoming a complete failure after some time.

boyptc

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Quote from: david678345 on November 08, 2023, 01:06:25 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 mean this coin? PulseX(PLSX)?

--> https://coinmarketcap.com/currencies/pulsex/#Markets

That's the list where it is on different markets. Not that much with what's listed on that list of where it is on its own market.

SquirrelJulietGarden

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Quote from: Lakai01 on November 09, 2023, 04:57:29 AM

You should definitely distinguish between "trade" and "invest" here. One of my golden rules is never to trade low market cap coins (I never trade anything under 1 billion market cap). With such coins, the swings can be triggered by very small orders and shoot you out of the market, so they are much more difficult to assess than Bitcoin, ETH and co.

With small cap coins, people think they can find hidden gems but they have to gamble with hidden gems that mostly won't make them a fortune but big loss. Small cap coins can be from small developers team with limited resources to build up their projects and don't have good marketing too.

Big cap coins like Bitcoin, Ethereum are safest choices in cryptocurrency market and if an investor can hold Bitcoin or Ethereum, profit will come. Less risk, more safety and profit is like guarantee. They will not find it with hidden gems and risk to lose money through hidden gems is very big.

With small cap coins, small trading volume and big buying or selling order can cause price change a lot. Big investors don't pick hidden gems as their most favorite because of price slip from their big orders.

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Quote from: david678345 on November 08, 2023, 01:06:25 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).

You should definitely distinguish between "trade" and "invest" here. One of my golden rules is never to trade low market cap coins (I never trade anything under 1 billion market cap). With such coins, the swings can be triggered by very small orders and shoot you out of the market, so they are much more difficult to assess than Bitcoin, ETH and co.

If you like the thrill, you can bet on x1000 leverage with Bitcoin, which will give you roughly the same result.

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Quote from: david678345 on November 08, 2023, 01:06:25 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?

Is there a reason why you want to trade in this low trading volume coin? it's not even listed on many exchanges.
Usually people who trade coins with low trading volume because they only want to sell their coins because it is the result of an airdrop or when they enter a pump and dump group, because coins like that will be targeted by groups where the way to make a profit is by trading pump and dump, or have you heard or read news about the development of this coin? and hope that there will be a pump that benefits you because you already have the coins.
If you want to be serious about trading and choosing a coin like that will only make you stressed because the movement will be very slow, so I suspect there is something that makes you ask about this coin.

kentrolla

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Don't go ahead with low liquidity Altcoins which are shitcoins and I have experience in trading with numerous shitcoins in exchanges ranging from Gate.io, MEXC and some third class exchanges which is filled with bot manipulation. This is a trap before entering just check the market price and the buy/sell price of these tokens as there will be a huge difference in buying and selling price, reason I am mentioning this here is that people usually think that low liquidity coins have good fluctuation and it can give them quick profits and obviously that comes with a high risk factor but here even if the price increases you will not find buyer to buy shit coins as buy orders will never be even close to the market price. I have even tried other aspects like ETFs but got similar result, better to stay away from these low and low liquidity cap shitcoins.

bayu7adi

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Try to visit the official PulseX (PLSX) website at https://pulsex.com/. If you take a closer look, PulseX is like an instant exchange similar to Uniswap, but it supports only a few coins. The good news is I saw PLSX/USDC listed there, so you can definitely swap it directly on the original PLSX platform.

Because this coin doesn't have a strong reputation, you should be cautious when holding it. In terms of the 24-hour trading volume, according to data on CoinGecko, it's a bit underwhelming, with over $2 million. I'm not entirely convinced by the available data myself. As a consideration, if you're thinking of buying a "shit coin," it might be safer to get one from well known exchanges like Binance or Okex. I believe it's a more secure and trustworthy process.

I found this coin, traded on safetrade https://coinmarketcap.com/id/exchanges/safetrade/

Topic: Trading Low Liquidity Altcoins - page 4. (Read 806 times)