Bitcoin Forum

hi folks! How do you decide which crypto or shitcoins to trade each day?

Trading random pairs every day is quite risky, some successful traders do not pick new pairs every day to trade, they stick with a specific pair that they have become too familiar with. If you are just a beginners, it's better you stay away from trading shitcoins because the volatility of most of those altcoins will cause you to blow your account. To be a successful trader, you don't even have to trade too many pairs, just 1 or 2 pairs consistently will still give you profit on the long run. Since last year, I have been trading just Bitcoin and XRP.

I choose coin that shows an indecision on price after a strong dip or pump then open a position in opposite of the trend. This way I can guarantee that there’s a price action on coin that I’m trading instead of being stuck on dead shitcoin.

I consider trading volume as main factor on choosing coin because high volume means many people has interest on trading it.

If you want to trade you need to choose coin that is active.

Im not a day trade but for me I choose a memecoin with good records and smart contract. Something that clean and can be trusted at least without much honeypot or code that might exploit.

Also for fundamental project I pick newer one or fresh cause sometimes its good to be early on that. Lower marketcap with huge potential.

I don't have any shitcoins or memes recommendations for you as I'm not a financial expert, but I would suggest you do your own research to know how you identify latest pumping cryptos, Also if you're a lover of shitcoins investment also get prepared for the high risk which is associated with investing in it because of it volatility,  you can get rich overnight and also can go broke overnight  that's shitcoins for you,  I wouldn't advise a total newbie to start investing with shitcoins first.

It's simple. You either have to do your technical or fundamental analysis or both on the pairs you're about to trade with and don't just plunge on any coin without running your homework, else you might not have the luxury to trade the next day if you get into the market blindly or out of guts like some newbies does. And just as the first user @ Dr.Bitcoin_Strange noted, you're more likely to earn successfully trade rates by sticking to one or two pairs consistently than trading randomly. Experience thought some of about that.

Learn about price action. Also after price action the coins will fall little in price but even altcoins can fall so significantly. After so much increase, the coin may be resisting to fall, wait if it increase again, then go short with small amount of money that you can afford to lose. These are for shit coins on centralized exchanges, not for the ones that are not yet listed that are more volatile because the shit coins on thee exchanges are very volatile like much.

I trade bitcoin also which I really like.

I trade altcoins like less volatile litecoin and also I trade coins like solana and ether.

Ain't good in day trading, and I think I didn't have this good advice, especially regarding shitcoins, which I mostly I don't like.  
IMO, it's all about the price movement of each coin through CoinMarketCap gainers (https://coinmarketcap.com/?type=coins&tableRankBy=gainer_loser_24h).  I'll wait to see which coins experience a significant drop that I've already been monitoring, and I consider a mix of factors like recent news, market trends, volume, and volatility.  

I also keep an eye on social sentiment and any upcoming events or updates that might affect the price. It’s not just about the coin itself but how the market is behaving around it that day.

Additionally, I check the fundamentals, such as recent partnerships, upgrades, or news that could influence sentiment.  I also monitor social media and community buzz to gauge how investors feel and whether there's hype building or fading.

The best cryptocurrency for your trading is Bitcoin.

Well, first of all, it's a biggest cryptocurrency in market cap and as a trader, its highest trading volume means a lot for you. With Bitcoin trading, you can have easiest entry and exit that you can not find with other altcoins.

Secondly, by trading Bitcoin, if you trade badly, you can hold it and wait for market recovery later. Even it takes months or 2 years for recovery, I assume you stuck in a bear market, you will not lose money by holding bitcoin as history of market shows that Bitcoin recovers well after all.

With altcoins, the longer holding time you do with them, a bigger loss you will get in return.

Bitcoin has another big advantage, its security of Bitcoin protocol and its very high hashrate so that you have best security with Bitcoin blockchain. You never want to hold a cryptocurrency with its total supply can be changed by minting arbitrarily anytime, or its network can be attacked 51% easily.

It's easy mate, you just need to check the amount of traded volume of the token or cryptocurrency you which to trade. You can also use their total market cap as well. They are usually displayed on the coin market, exchange trading apps or any trading app you wish to use. The fact is, don't let those market cap fool you, most of these shit coins having high market cap might trick you and in few seconds it's dumped. So if you must trade shit coins, you have to go for good ones and avoid trying to hold any of them for too long.

Over time, it becomes clear that it is preferable to trade bitcoins due to the fact that they have the greatest liquidity and thus have the smallest spread. But nevertheless, I leave a small part of the deposit allocated for trading for new and meme coins, since they, unlike BTC, have a very high volatility, which sometimes allows you to make a big profit.

Shitcoin - From a small marketcap, this is usually easily manipulated by some whales so we go with the flow - although this is not easy you need to get more in-depth information.

I used to set aside a little money to trade in altcoin memes and look for them to turn into gems but now it's hard, or I myself don't find them anymore, which is called failing even though many memes are profitable.

It's just that now stop day trading more focus on regular BTC purchases.

I decide not to trade that much on these times when there is so much volatility in the market. I am chilling, not worried of what can happen to the market because I've got positioned already and just waiting for some cherry picking time for the profits. If you don't know how to decide what you should trade, you might just consider holding your position and accumulating Bitcoin. There is no need for you think of it any day because that has been a proven and tested strategy that works for everybody and you'd definitely earn from it if you do so.

It is quite risky to trade shitcoin especially every day, are you ready to bear the risk? Shitcoin is volatile and falls just like that especially in newborn memecoins ... you should avoid this especially if you are still a beginner.

Just trade on top altcoins only, or better invest in bitcoin it would be better and avoid pressure than trading.
because I myself am not a day trader.

I only believe in Bitcoin, so considering all the factors, I have stuck to Bitcoin.
 If you don't want to face losses, then definitely avoid shitcoin.

You have to do your analysis yourself before you will enter a trade, I will say everyone is having what they do check out for before they enter a trade, but when it comes to shit coins, I don’t even think there is anything that people that do trade it do lookout for anything, if you are trading shitcoins, then you should know that you are just taking risk, and if you are lucky you going to make money, but I don’t think there is anything to lookout for, but if people trading shitcoins are here, then they should tell me what they are always looking out for.

I don't trade every day, but when I do, I look at the charts of the top cryptocurrencies based on their trading volume within the last 24 hours and see if there is a possible trading window for me to use. I choose an asset whose chart shows opportunities for profit. I usually do futures, so whether there is an uptrend or a downtrend, it doesn't matter since I can trade in either direction, but as I said, there should be some pattern that suggests that I'm going to get some profit if I make a trade.

If the market is too volatile, I don't trade because it can be dangerous, and you might lose money even if you have a stop-loss in place. I don't like it when my stop-loss gets hit because that makes me want to make more trades so that I at least don't leave with a loss, and that can sometimes make me take uncalculated trades which isn't good, that's why, I skip days when the market is too volatile.

First of all, I am not a day trader who trades every day. But I think you are asking how to decide which crypto to trade, so I will answer that it all depends on the narrative, hype, community, and backer of a crypto that I will choose, but I think the most important of all is the sc or smart contract to check. That's usually how I look at deciding which crypto I will choose, while for memecoin trading I rarely do it, even so you have to be careful every time you trade altcoins, especially memecoins, because usually the hype is not that long, so it is not suitable to be held in the long term, it is better to choose Bitcoin for the long term because fundamentally it is not in doubt.

It seems you are a daily trader, if so then trade bitcoin because it has high volatility and can offer quick profit faster in a day.  Im only telling you this if you are good with analyzing chart, but if not, dont dare try it except you go learning it. If you are looking at long term plan, go to the coingecko and pick out the top 50 coins and buy them.

For those who trade shitcoins, nothing really convinces them to do so; people only decide to trade shitcoins just to try their luck. Shitcoins are unpredictable, making decisions to trade them very risky.

For coins like Bitcoin, people decide to trade it because of its market value and how low-risk it is compared to other cryptocurrencies. Some traders will always decide to trade Bitcoin because of its prospects for speculative gains.

No coin will ever appear first to you as a shitcoon, you will first see them with the potential of such that you could invest and make profits, but along the line, you can as well take your investments measures to ensure safety, don't over hype it, don't invest much on it, don't be too quick on investing and lastly , you may have to invest base on what you can afford to lose, decision on which coin to trade is base on our personal interest and what we have seen as a prospect on any coin.

You’re definitely missing the point that the OP is raising, you just said bitcoin is highly volatile which in a general sense beyond cryptocurrency is actually true but in cryptocurrency bitcoin is the least volatile coin and as such isn’t for quick profit, it is the volatility nature of bitcoin among other altcoins that has actually made many traders to trade it more because it comes with lesser risk than trading with Altcoins but doesn’t also brings quick profit like the Altcoins too.


I don’t understand this again but I will say it is outta of context of what OP is asking. Do not go for Altcoins as long term plans. But yes top 50 coins are ok for trading but the risk is still the same which is high.


For me I first analyze bitcoin and then trade coins which are moving in same direction as bitcoin, how do I filter this coins is by using aggregators like coinglass which gives me details like the open interest on coins, volume of open interest, which coin has pumped the more in less than 24 hours or which has dumped the most. I then use any fundamentals or technical analysis on such coins with coins going same direction as bitcoin my easy picks

If people do enough due diligent research, they will know that shitcoins are worse than Bitcoin. Doing a careful research and having enough experience will help people looking for long term comparison rather than short term one. With this careful approach, they will realize that Bitcoin is better and outperforms all shitcoins in long terms such as several years.

Shitcoins are only good or better in very short term like several months or one market cycle but with longer periods like more than one market cycle, they can die.

Quick answer, You don't.
Yeah, as long as you're a trader, you're meant to understand that every single move you make is a risk because trading carries lots of risks and even with the right coin that has lots of potentials like Bitcoin, you could still end up in massive loss trying to trade them.
Although, while there are many people who still believe that the act of trading can be perfected, I still retain my opinion that trading crypto is a completely bad idea and it's important to avoid it as it can be very dangerous and risky.

This is not the best way to learn trading. I would advise that you get yourself a trading mentor and also do some thorough research. If you truly understand trading, you will have a defined strategy and will not put yourself in the confusion mode of deciding what coin to trade each day. This is very risky, do not gamble with your trading capital unless you have more than enough to spare.

In a nutshell, learn trading first before engaging actively in it.

Go to your exchange and check the coins with the highest moving average. I think it is that simple. On binance, there are some tokens marked as seed, those are highly volatile and it is not recommended for newbies.
Also, check news always for newly launched tokens, they make massive movement but you know you have to trade with caution. During this bull run period, there will be along of coins with Hugh daily average moves, but ensure you know what you are doing. If you can be asking how to decide crypto to trade, I do not trust you to be an expert trader.

Follow the trends i guess, haha. I mean, it's not easy, and you SHOULD NOT do it, but if you absolutely must, join dozens of groups and see what the hype is all about.
If you manage to get into the right circles, eventually you'll be able to "sense" what might go up depending on upcoming events

I'm not fan of shitcoins talk more of trading shitcoins in a daily basis. If you wish to trade shitcoins then I advise to understand the risk in trading these kind of project most especially since most of them are rug and pull project which where created just for the purpose of scamming holders Like yourself, but if you're aware of the risk you're venturing into then I advise you make your own research, relying on other people interest is the wrong thing to do, most especially in anonymous platforms like this. The developer of a scam project could hit you up and propose their scam shitcoins to you, which would definitely look like a legit coin to hold for a few days or weeks,  but their intent is to rug you and their community, so making your own research is quite important and saves you alot of scams.

Yes that's the best approach to do if they really want to trade since trading those stagnant or unknown shitcoins which is not moving well is like beating a dead horse with no guarantee of profitability.

But I rarely engaging on trading now especially on shitcoin scene where meme coins are dominating since I find it to risky and don't have time to monitor also do further research about what's possible best among those shits coming around. If people would just decide to buy Bitcoin and HODL it for sure they would get less stress in life and don't have to worry anything especially if they are scared about possible rug pull or huge dumps.

Bitcoin has a value that tends to increase. This is not the case with many other coins. It's been proven for decades. So choosing Bitcoin for trading I think is the best option. Holding for a long period of time has a lower risk. Another option might be top altcoins but remember not to hold for too long. I think weekly trading or scalping is pretty good as a trading option. I choose Bitcoin around 80% and 20% for other altcoins. But I'm sure there are other options to choose from, so adjust accordingly. Because I believe everyone has a different way according to their beliefs and abilities. IMO

Though I am not a regular trader, then what I have understood so far is that in the case of trading you have to do market analysis.

If you come to the topic of shit coin, then you definitely have to see the hype of that coin. You have to see if it is trending on those few Twitter Reddit or any other social media platforms.If it is trending, then there is a good chance that people will buy that coin. You can buy that coin. But don't hold shitcoin for a long time. Because its market is very unstable.

And if we come to the case of Bitcoin, it is a little difficult to analyze its market because it is the largest cryptocurrency in the world. If you invest, you may initially lose, but in the long run you will definitely have the possibility of making a profit.

I am not a day trader but usually, I will watch the market move before I start analyze. That will determine to analyze Bitcoin or altcoins. But usually, I trade both Bitcoin and altcoins at the same time but not too many altcoins.

If I don't find a good altcoin to trade, I will stick to Bitcoin to trade and see if I can make a profit or not. If the market situation is good, I can make a profit although not much.

But I don't force myself to keep trading if I don't see a good move.

First off, you don't need to trade everyday. All you need is to have a profitable strategy you should stick to.

As for picking cryptos to trade, you've to be skillful at two things and know how to interpret events based on them – fundamentals and technicals. You should be able to know what information from either of those two or both of them are saying on your charts.

Before you trade any shitcoin or memecoin, make sure you visit the project's socials to sieve through information from others. Don't jump into any just because someone you know recommended it.

Lastly, you can track shitcoins on credible exchanges that dipped and find your entries on them after confirming from their socials that those projects are still showing up and there's healthy optimism in their communities.

i wouldn't even advise you to trade crypto or shitcoin because they are traps that makes you lose lots of money. i will kindly advice you to invest into bitcoin and hodl for a very long time. i guess that would be better than gambling your fortune on altcoin or shitcoin. a lot has been said repeatedly about how gambling shitcoin can be deadly and can lead to potentially loss. it will be better you follow the right part or endanger yourself by what you seek.

As traders you don't have to trade every coin listed on the exchange that you're using to trade. You too don't have to trade every shitcoin that you hear about. To decide which crypto to trade has to be after several wekes of research in the coin and making sure that you're picking the right coin to trade. Trading isn't something anyone can just jump into. It has to be thought out to make sure there's no mistake because the distance between a mistake and getting your calls spot on is very narrow. Having few trade is better and this trade doesn't necessary have to be bitcoins. I don't like it when people are trading Bitcoin because what they should be doing with Bitcoin isn't trading by hoarding as they're hodling something better than a gold mine.

If you can not decide the coin to trade on your own, you're probably not a trader  ;D

Every trader have their preferences when it comes to coin selection for trading and how they approach it. My preferred coin might not be the same with yours and my recommendation will probably got you liquidated.

If you are trader, I would advise you stick to your usual pattern and the coins you are familiar with instead of doing copy cat. Trading is all about profit and it doesn't matter the coin you trade as long as you are realising your profit.

Very simple. I don't trade! Most traders loss money, be it short-term or long-term. It doesn't matter. Youtubers and so-called crypto influencers are just selling you fairy tales of riches and wealth if you trade daily. Very few have the knowledge, skills, luck, and money to do that.

I also don't buy shitcoins, but focus on increasing my bitcoin holdings. One part of it is personal investment, the rest is earned by working for it and providing services in exchange for BTC.

No one can ever predict when a coin will rate. It is a random selection of points to trade through analysis and what kind of profit can be obtained from it. A successful trader never trades with new pairs or new coins. Because trading with new coins is as risky as gambling. Those who talk about new coins think trading is very easy and jump into it. And they lose a lot while trading. Later, they blame crypto without being responsible themselves.

Some traders claim that it is easier and faster to money trading shitcoins than Bitcoin. This has made many impatient investors buy altcoins to make quick returns. But most of these social media influencers might not inform the public that it is risky and they can also lose money easily. 

You need to master altcoin trading before investing. And it is also ideal to invest small funds to avoid massive losses. I will suggest that you focus on buying and hodling Bitcoin since it is less risky and require little or no specialized skills.

It depends on the trade, could be a long term and short term trades. In long term I keep an eye with the bitcoin of course I will do wait for the next bear market just waiting for the right time, I made already TP on this cycle so another set of investment is a must an ideal to wait. For the short term trades depends on the possible movement of the market tokens, if there's an opportunity on the next trend I will make a trade on this but of course it varies on the time frame I do often check with the 1H to 4H time frame to make sure there's a progress on my trade less than that I don't because I'm not good at it. Currently keeping an eye with the SUI, BTC and of course ETH.

I don't day trade, but I'm sure some traders have their favorite assets or the ones they usually trade. So traders won't trade every day with a certain asset, only when they see the right situation to trade it.
It might be different for those who trade daily. Must have their own approach to choosing the assets to trade. But I don't think traders will choose shitcoin for their daily trading. The most common approach must be based on the market situation first.