Bitcoin Forum

Hi,

I just wanted to start by saying, I'm not a trader and I don't know much at all about charts, I realise that attempting to trade without such experience is a risky strategy but I've invested a lot of money into OMI and whilst watching it like a hawk, I happened to notice that it could be very easy to trade.

Firstly, the price seems to flow between channels of support and resistance at each .1c, for example it will flow from around 1c to around 1.1c a few times before moving up or down to flow back and forth from around 0.9c to 1.1c.

Secondly, it has a lot of spikes making it easy to set high sell orders and low buy orders which get snapped up by these spikes. For example, last night I made over $1000 in a few minutes when it spiked from 0.9c to 0.99c and immediately shot back down to 0.86c where I just bought back in ready to trade some more.

This seems to happen quite frequently with OMI to the point where I can just set sell orders so if OMI seems to be working it's way up from 0.9c to 1c, I can just set sell orders that start small from say 0.939c then increase in value each step from 0.949c to 0.959c to 0.969c all the way to 0.99c where I've converted half my stack to USDT ready to buy back in again in the same way on the way back down.

I've now got 9% more OMI than I did less than 2 days ago. I understand that if it carries on going up I will end up with less OMI but I will have more money and less risk whereas if it carries on going down I'll have more OMI and less risk.

I appreciate that this could easily put down to beginners luck. I'm happy to listen to any constructive criticism of my beginners strategy if anybody has any or any tips that may be useful but with OMIs crazy spikes this strategy seems to be very easy to execute.

I was wondering, are there any coins that are similarly easy to trade on Binance? I have as much money in OMI as I'm comfortable with and would like to try to attempt the same strategy on a decent coin with similar attributes that is available on Binance if possible?

I snapped this screenshot of the easiest trade I've ever made. Unfortunately I was overinvested at the time and didn't have any low buy orders set so missed out on buying the downward spike that happened a few minutes earlier but that was a lesson learned.

https://imgur.com/a/GgBqPo5 (https://imgur.com/a/GgBqPo5)

There’s no easy coins/tokens to trade for, because we are in a volatile market and trading is also risky for that.
Yes, I can say that its a beginners luck and when the market moves its way against your goal, hopefully you can still handle your emotion.

Understand the risk of trading, and since you’re doing this without enough knowledge, then you are increasing the risk of losing money. So as early as now, start learning to trade properly using indicators, you have to watch a huge market over you.

Be careful, because the coin that you have said is a new coin listed on the exchange and it could be under the hype group that easy to manipulate the price.
I hope you're not shilling this coin here too.

There's no easy coin to trade if you know the price will always fluctuate which makes the coin so volatile in the market (unless, if you could predict the market like having a crystal ball), including the price of those leading cryptocurrencies like Bitcoin and Ethereum.  However, as I see, this coin is in USDT trading pair, IMO it could be easy to manipulate.

Good thing that you can able to make a profit while this coin is on the hype but be careful because it might a short period of time of happiness and then later on that coin will dump so much.  My advice, "Dont put all your eggs in one basket" or much better stick on Bitcoin investment while it is dumped.

Hey, thanks for the feedback. The thing is, the market hasn't been going my way. It started off well when I first bought into OMI at 0.35c at the start of the NFT craze and it soon went up to 1.32c, since then it has dropped back down to 0.91c at present. During this period I have lost some of my profits but the strategy has minimized my losses quite considerably so I can continue to trade with the profits that I have left. I have watched quite a few trading videos (I really liked the beginner course by CottoncAndy) but felt that my time was better spent researching the coins that I am invested in as I was initially planning to HODL, however an opportunity seemed to present itself for me to attempt to trade.

Whilst I'm not an experienced trader, I have researched my investment very thoroughly to the extent that I have written a review of OMI and why I feel that it is a good investment:

https://bitcointalk.org/index.php?topic=5325347.0

I have found that the ups and downs of OMI have been a lot less stressful over the last few days as I don't feel the need to overinvest, can keep some of my money in USDT and am able to make money whether it goes up or down. Maybe it will come back to bite me and if I start losing money then I can stop but at the moment, the strategy seems to be working well time after time and so I have no reason to stop right now. I don't mean to appear arrogant, I understand that trading in general is very difficult, however for the reasons stated, OMI seems to be an ideal coin to trade.

Hi, I hope I'm not coming across as shilling the coin. I have no intention to do so. I did make a review of it which I posted above which could make it look like I am shilling the coin but I can assure you that is not my intention, I have been posting on this forum since around when I got into Bitcoin in early November. Your prediction has already happened to be fair as it did with most of the NFT coins. It pumped from .032c to 1.32c and is now back at 0.94c but as I mentioned in the post above, the trades that I have been making have allowed me to retain a decent proportion of my profits during the downtime.

Just a quick question, from the points I made in the OP, can you see why I think this coin is "easy" to trade? It does seem a bit too good to be true and maybe it is but these spikes and the fairly regular flows between support and resistance levels have genuinely made me feel like it can be easy to make money with the right coin due to these attributes.

You said don't put all your eggs in one basket and then suggested the opposite ;D. (I had to...)

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Op if you're trying to learn then forex is quite forgiving (especially if you stop trading at news and pull your positions).

Developed countries are generally quite stable when nothing democratic occurs (elections or referendums).
Other than that you could look at coins with good volume or market cap (pairs exchanges will normally suggest). If you can find a repeating pattern then it may be tradeable.

Diversifying is always recommended but be sure on what are coins you do tend to engage in and also there's no such thing about coins are easy to trade because

everything on this market is really hard to be traded off but speaking of which one is really worth then better stick out with high liquidity or high volume tokens

that you can see where you can prove out that this is a good coin/project for you to trade on.Dont go with simply pumps and dumps kind of projects
because this will be the reason for you to lose money instead.

Hey, thanks for the response. I feel like it has been easy to trade firstly because it has regular big spikes up and / or down before returning to a similar level where it had been before the spikes. These spikes can wipe out your buy and sell orders and then the return to it's previous level allows you to almost instantly buy / sell for a nice profit. I hope that makes sense?

If you look at the buy and sell orders here, that big green spike wiped out my sell orders at 0.996, 0.998 and 0.999 and then dropped a straight back down allowing me to buy back in minutes later at 0.851, 0.861 and 0.902.

https://imgur.com/a/GgBqPo5

Secondly, it seems to be somewhat predictable, in that it gets caught in channels between each 0.1c where it seems to go up and down a few times from the top of the channel to the bottom and back before moving on to the next channel. Here's a couple of pictures on the 15 minute chart of it recently getting caught in channels from 1c - 1.1c and then later from 0.9c - 1c:

https://imgur.com/a/PAvPVq4

https://imgur.com/a/MmU6eV5

This allows you to set buy orders at the bottom of the channel and then sell orders at the top over and again until it breaks out into the next channel. I guess it's a small sample size and probably won't remain this predictable for long but it has been quite easy to take advantage of those channels while it has seemed to be flowing within them.

I think you're asking for too much. You want a coin that fluctuates so much but is so predictable to make some profit. It's a trade secret for most traders out there. Though almost every cryptocurrency in the top 50 fluctuates so you can start with that and try to use different exchanges.

Yes, I guess I am asking for a lot but the only reason that I ask that much is because it's what I am currently experiencing and was curious to know whether this is a one off or if there are other coins that follow such easy patterns to profit from. From the sounds of it I have been getting spoilt and this is a one off.

Since I posted this a few hours ago I needed to get some sleep and OMI was heading upwards towards .97c so I made some sell orders between 0.097 and 0.98 which freed up some funds to set some buy orders before I went to bed.

I set some buy orders at 0.901, 0.911, 0.921 and 0.931 and set an alarm to wake me up a few hours later. I woke up and all but the 0.901 buy order had been triggered. On top of that, OMI has now climbed back up to 0.98 and is very close to triggering my sell orders at 0.989 and 0.999. (0.989 just triggered before I could finish this post)

I've cleared a few sell orders from 0.97-0.98 to free up some more funds and set another lot of buy orders from 0.911, 0.916, 0.921, 0.926, 0.931, 0.936 and 0.941.

I'm going to go back to sleep now and half expect that I may wake up to some of those lower buy orders being triggered. Now that I've posted this, I'm sure it will just fly past 1c instead or skim the top of my buy orders lol but we'll see.

all altcoins are quite hard to trade because we dont know the flow of coin in market only whales control the market.we only rely on graphs and volumes of specific token. analytical skill would be good if you are in trading matters. just reatd some news about new and hype coins so that you can invest in and gain profit.

Don't be too confident that the price will rise up and down between those price ranges. All crypto is hard to speculate and the market is volatile sone altcoins gets dumped for over half their price in just a few minutes. Everything can go sideways. I myself am not an expert in trading so I mostly hold altcoins long term always waiting for each dip and sell them at a certain price for profit. Day trading is time-consuming, but if you have the luxury of time, educate yourself and gain more experience.

the token is about collectible and NFTs so don't come wondering how come this coin got about $48,533,50 volume a day. i'm beginning to think NFTs are really worth buying. the price of the token started very low last month and in just a month, you now can't buy 500,000 of its token worth $1K.  it could be an easy thousands if you're an early investor.

the easy to trade is the BTC/USDT. this pair changes a lot.

Looks like you have to learn a little more before you decide to trade in cryptocurrency. Moreover, the coins you mentioned were just listed on the exchange, it could be that the coin is experiencing temporary hype and price manipulation may still occur. So far there are no coins that are easily traded, because the cryptocurrency market is very volatile, so anything can happen in a matter of minutes.

For your information mate all coins in the market are easy to trade wherein it just depends on the situation in the market because some of the coins is so volatile..So if you want to try trading.. I suggest educate your self more.. it wasn't easy trust me.! and you know what, mostly beginners in trading end up panicking because of being lack of knowledge.. So be aware.  Don't put your money in a risky situation cause there's no way you can regain all your losses in it, especially at this point wherein you have no idea how it really works.. Just saying

Ecomi or OMI token is just easy to trade now because it is one of the trending altcoins about NFTs. With the alt season, we can notice its price range to do scalp trading. Other altcoins can be traded within price range too like ADA and BNB.

But for me there is no such coin that is easy to trade. It is just because of bull season that we are able to trade smoothly and we should take advantage of it while it lasts. After this ends, most of the alts will dump again and those who really have serious projects will stay.

When asked, Which Coins are easy to trade? I think all kin is very difficult for me. The highly volatile price of coins makes it difficult for me to speculate on which coins will provide an advantage.

it is the fluctuating coin movement that can give you a bigger profit in trading. on stable assets you won't get anything in the trade. because those who are already professionals in crypto trading are looking for assets with attractive movements for them to trade.
but it requires good skills.
like the current state of the market when there has been a pump and correction so traders are very happy to play in some assets which almost all altcoins experience it.

There are no easy coins to trade because all of the coins in the market need to analyze before you can get the right coins. Even bitcoin needs to analyze before you enter the market.
But if you want to buy or trade a low coin price, I am sure you can find it easily and buy it instantly.
But to make a profit, I am not sure about that because that will depend on how the coin moves and supports the traders.
If you can find the coins like OMI and have a fast moving as you want, I am sure that will be the easiest coins to trade and you can make a big profit in just one time trade.

You probably know the answer that...
All coins that are listed on the market can easily be traded but the question is that how about the price?

If you want to sell instantly your coin/s, sell at a low price. And if you want to buy, set at a high price. But if you are looking for a profitable buy and sell transaction, you have to look for coins that have huge liquidity, not just to look for a cheap price. It is a big factor for a profitable trade.

considerations that you have to do is, your market, assets, and capabilities.
If you go to the Binance market, then you can see the assets with the most trades. Or you can look at the assets with the best potential for trading with the knowledge you know. after you buy it you can determine the advantages or disadvantages of your ability.
because every asset on the binance exchange, has a good trade. you can freely choose it.

Without proper knowledge and interest to seek for more information about any project that you are going to invest / trade
everything is really hard.

You are also risking your investment, but, if you have the right sets of attitude searching  for every aspects, the chance is far
better than those who are not taking their time studying.

The simplest answer to your query is that all alts are easy to trade provided you are trading them on good exchange like Binance where Liquidity is not an issue and trades are executed within seconds. When we talk about good projects of alts then i suggest to trade only Top 20 coins listed on coinmarketcap because most of them have good track record of performance except XRP which is riskily because of Lawsuit of SEC. I would further suggest to gain some knowledge about Technical indicators/charts before you take entry in any trade.

https://coinmarketcap.com/

https://www.youtube.com/watch?v=C-770uuFILM

Good on you! You’ve managed to develop good strategy for OMI. Maybe you are very talented trader.  Try to trade with Polkadot. I think you’ll love it. Its chart is not very volatile but if not to be greedy you can always make 1-2$ profit from 1 polka. And, of course, BTC is always a good variant for investments because it is very volatile and can bring much more profit per day than any alt.

Although, NFTs are now the new blockchain base project making waves in the crypto currency market but invest in project base In it been easy to trade doesn't look so good and is also the habit of invest much in OMI. I will advise you reduce it and invest 50% in BTC now that the price are dump.

I don't think there is a coin easy to trade even the Bitcoin that is less volatile than altcoin is hard to predict which will be the next move. The thing is we are in a volatile market, every minute price changes making it difficult for traders to speculate the market. Gladly you are making a good run on your coin right there, it seems new to me though perhaps it is newly created yet you can able to get a good profit. However, always be careful perhaps it is on the hype right now but you never know later it might change. It would be a lot safer if you wouldn't place your money in there.

You need to becarefull if you want to trade altcoin, especially if the coin marketcap is still small, look at the volume, and look at the bid and offer at the exchange ( cex / dex ). I am for once buying new altcoin which is small matketcap and i bought it because of fomo, after i bought that coin i can not sell it or if i want to sell it i will lose 30% of my money immadietly, because of the spread between buy and offer is 30%.

Thanks guys, I appreciate all the feedback. Turns out I actually really enjoy attempting to trade so I'm going to try to find some more decent youtube videos to get stuck into while Bitcoins playing up. Cheers

From my personal experiences XRP or ripple is easy to trade . It is present to all major crypto exchanges and wallets. It is generally cheap and fast. But not as profit gain . Ripple is easy to trade by far.

Look, it is easy to trade if you already are confident enough that you gained more knowledge and know useful tools for trading. Also, if you have lots of experience in trading, it will now be easy for you to trade any coin that you choose. However, it is also important to choose crypto coins that are potential and have a high trading volume.

If I say you are more like a gambler playing a win and lose game and betting on your luck rather than a trader. Still as a way of saying to many people, learn and learn when you are ready, then come back to ask the problem, but no one can explain to a goose-headed person who understands all the problems.

You initially planned to HODL the coin.
That's a bad start.
You cannot get emotional with these coins when you start trading them.
I am just telling this base on experience. When you are trading you always just plan for profit or better have a cold heart with this projects.
Falling in love with them will mess up your decision making. Don't confuse trading with investing to avoid being rekt.

There ain't easy ones. Just happened to be unstable that plays favor in our trades.
OP seems to ask for trading advice instead of shilling coin so there ain't something to worry about.
Either way, I ain't convinced enough anyway into investing to the mentioned coin in the OP.

Agreed with the diversification part, though one should control how he/she diverse his/her investment around the market. Choose few baskets that are among the top coins then if one still have spare then try to look for other coins though I wouldn't advise it.

that's what he has to do. looking for information to enrich his knowledge. then he can gain experience by trying it. when he experiences mistakes and problems then everyone can give him a solution.
for now, I think the best solution he can come up with is this.

Every coin at the market will have difficulty to trade and we need to find which coin can better than the other so we can have a chance to make a profit. It is why we need to analyze every coin that we want to trade, even for bitcoin, because that is the beauty of trading to find the right coin to trade. It is worth analyzing one by one because when we can get one or more coins and that coin really increases so high, we can feel satisfied with what we did before, and we will want to repeat the process to find the next potential coins.

Well, good for you that your beginner's luck activated. At such scenario, most of the times when you just hastily buy a coin without DYOR, without knowing how to read indicators, your trade will just go to waste. But then, it is still lucky that OMI still performs well and you probably sell just right with your own style of trading.

But, a piece of advice. It will not always like that which it will always go with your side. You should at least learn basic trading tools like technical analysis, stop loss and trading management.

The top most coin will be easy to trade. Because it will be listed in the many of the exchanges.And it also can be converted to the bitcoin and then to your fiat based on the requirements of money.Sometimes it's better to hold money then of selling with a emergency.Because it will cut your profit from your hand.

For me personally, selling or buying different coins is commonplace. So anyone who wants to buy coins can easily learn how to buy on different crypto exchanges. In my opinion, it is easy and affordable to trade coins with everyone. You just need to have a little experience when making a deal.

I think if the coins has a lot of volume it will make more easier to trade, especially the coins who got listed in big market like binance It so easy to trade because the coins has high volume, it so easy to put buy or sell order.

Many think crypto trading is just buying at dip and selling high, those who think that crypto is that much easy always end up losing money. There is no coin that can be traded easily, every coin need proper attention and prior knowledge before you start investing in it.

So what do you exactly mean when you are saying coins easy to trade? What exactly you are looking for like liquidity, volatility, transaction fees?See if you want to have safe investment in the market then go with some top coins on CoinMarketCap because they have high liquidity and you will find them on almost all Exchanges like Binance,Coinbase,Kucoin,Kraken etc.But if you are looking for some easy trade strategies then there are not such.Easy also depends on your budget allocated for trading and how you want to diversify your portfolio so one word has different perceptions and its on you what exactly you are looking for.

That's true, we can't really predict which coin will be easy and which coin will be hard, it is always some problems with each coin and that is why we have to research it all. Some days one coin is easy to trade and other days the same coin is very hard, sometimes the other ones is better but then it gets even better and surprises you.

Basically I would say that if you want to make a decent situation for your trading, I would follow many coins, it would allow you to make as much profit as you possibly can, and that's what I believe will happen with many smarter traders. Nobody who knows about coins would just take a suggestion, they would not make a big deal out of it, they would simply just get their money out of this situation and invest or trade the things they know and like, otherwise it would totally be against everything they have learned.

he is asking but other than asking he provide an example of him trading a coin called omi which he thinks verry easy to trade .
 i guess is he isnt looking for liquidity , transaction fees but volatility can be counted according to his description  .
 op its not beginners luck you are going thru but it was your pure skill because if it was luck, no way that you can earn continous profit for a long period of time  .
keep the flow going , good luck

This is to remind everyone that not all the time we are in good, not all the time that we are profitable. If we invested in a coin that is multifold its price this time can't be also not happen in the other coin or next time. Without the trading tools, we just put our trade like a gamble and we are praying to have luck. And this not will increase our chance to make money and do an easy trade, that gonna have to expect a rough situation than saying, we are good and profiting.

There are many questions about trading. Better to know everything because trading is not that easy to do. You have many things to look forward, such as how demand the coins in digital world,what trading site you want to use, how much the transaction fee, what are those techniques in order to trade successfully and other thing.

In my opinion, the most profitable option for working as a trader is to invest in active coins that have a trajectory of movement, and not those that stand in one place and give a very small percentage of profit. Trading is about making transactions with cryptocurrencies, so the better and more popular a coin is, the faster and more profitable you can sell it.

I love working with BNB, ADA, sometimes Litecoin. In general, choose promising coins in which you feel the potential and then your career as a trader will become more than successful.

We need to prepare for anything that can happen in the crypto world, and analyzing the coin is something that we must do before we decide to trade.
It needs time, and I know that, but that is worth doing because that is the only thing that we need to make a profit in trading.
Instead of thinking about the easy coin to trade, we need to start research and not waste time analyzing because the market will always move and if we are late to analyze, we can miss the chance to make a profit.
Following many coins can give us an idea about which coin we need to analyze, but we need to remember that we will need more time to find the right coin.
Maybe we can make a list of the coin to manage our time to start trading.

What do you mean by easy? You trade all coins the same way. If you want to trade a coin "easily" then look for a platform/exchange that is secure and easy to use along with most of the functions needed to trade.
And by easy, if you mean easy to make profit, then none. It is NOT easy to make profits. You will have to be dedicated. Don't forget about the volatility of the market. In few seconds you may either make tons of profit or lose everything. Though, well established and well know coins are easier to trade since than those unknown coins. But I would say the easiest way to trade is to hold long term and then sell.

Assess more deepeer it will help you to find the right coin to invest your money.

Most of those who are already listed to a well known exchange that also have good volumes, that kind of assets are much easier to
trade, try to find more information about the coin and see if what are the advantages when you invest and what are the potential that
it will bring you good compensations.

Crytocurrency trading is very risky but it depends on what coins you're trading and how you are trading it.Smaller market cap crypto's are generally riskier than larger market caps like bitcoin and ethereum.It is more safer to allocate your capital to larger market cap altcoins because they move more predictable than smaller altcoins so trading them can be much more easier.

Always relying from how will you execue your trades, with volatile nature it's really hard to predict. It's up to your good knowledge
regarding to any specific assets that you'll going to use for your investment.


Yes right! Most of the time with unknown small cap project manipulation has easily been done.

If you like to take lesser risk, large volume andwell known project are good to use for your trade, the movement is more
on natural and not artificially been created.

It's not another than scalping on any coins/tokens where traders profit out only 5-10% and they don't need any kind of specific coins/tokens to do that (But TA is most important for doing this). If anyone has enough funds, than they can place buy/sell orders between the major support and resistance zone to do this scalping. Also, many users are using BitUniverse to do this where anyone can setup grid trading bot to do that scalping on behalf of those traders. Also sometimes, it turns out bad if anyone select the wrong one or btc tales any kind of huge movement. So, be careful about this.

Most of the tokens are not easy to trade when you hold easily buy, hold and then sell because all of the tokens in the market are just volatile and it's just the nature of crypto. It could also depend on the platform that you are using like Binance or other exchanges where you could easily trade this cryptocurrency. For me, I would go for trendy tokens and hot in the market because that is what mostly to go up this day's something like NFT's that could easily pump its price because of countless projects these days. THETA, ENJ, CHZ, MANA are tokens that I think could easily double your investment and even for the long term because it's still a low-cap token.

Here you need to find some not very popular exchange, but there are quite a lot of examples when the exchange on the coins were not the highest quotes on the volumes on the trade and therefore the difference in the two glasses was simply colossal.

This is just one option out of many trading options!

There is no token or coin easy to trade. Every step we do as a trader is risky already. But when it comes to exchanges, I can say that there are some exchanges where is easy to trade and there are also some that is strict or hard to access. If you really want to trade or invest in a coins, it is better to choose those top altcoins which listed on big exchanges.