Poloniex - About market volume

[amaral1977]

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

[1714792048]

1714792048

[Sled]

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

Top 5 coins that have a great volume is my limit to check. Trading high volumes of coin is a good option because it is stable and it already proved itself that it is trustworthy to trade. Just analyze the candlestick chart and then if you see that the price is pretty far to its previous price then you can now buy it and wait for few weeks before you sell it because high volume coins can easily bounce back from a sudden dump because it has a solid community that support the coin.

[kidoseagle0312]

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

Every time I used poloniex to do some trade I always checked the top hottest coins in their exchanges then I looked up the market value for the couple days past then I'l checked the candle stick as my reference if the candle was long then its up to me if I'm gonna buy the coins or not, of course if that's the case I'm gonna buy it.

[Kimpoiluiseta]

ussualy iam trade in poloniex use big volume transaction , good coin and popular coin
ethereum, monero, litecoin,DASH,XRP, maidsafe coin

[nobunaga7321]

ussualy iam trade in poloniex use big volume transaction , good coin and popular coin
ethereum, monero, litecoin,DASH,XRP, maidsafe coin

Right, momentum usually works better in the altcoin world

[JeffBrad12]

Hello guys,

When considering market volume to choose a coin to trade (coin/BTC pair) how far would you go down the list? Top 3 coins? 5? 10?
Or market volume is dangerous as an indicator? Sometimes I see a coin go up the list for only a few days and I always think i´ll end up holding the bag...

thanx for your thoughts

Top 15.
I need something is different than other. with a lot of the list of the potential coin, it makes me feeling easier to move into the another coin with better volatility and it's really good movement. Just take a little number on the list will not give you more volatility.