what altcoin is suitable for daily trading and long term trading ?

[FrueGreads]

I am a little confused here to determine what is a good coin for me to buy for daily trading and for long term trading because currently available a variety of alternative coin (altcoin) is very much but there are some coin that is not good and there is also a good coin for that please give me the tips to know how to see a good coin for daily trading and long term trading, I hope this is not just for me alone but it can be for the knowledge for new players who are still confused to determine which coin is suitable for daily and long term trading and why did you suggest that coin?

All coins with decent liquidity are good for trading, so there is no "one" coin for one thing, and another coin for something else. For day trading I would say you prefer some more volatility, since you will be doing short trades, so no point in doing if the price doesn't move at least 2% in a day (otherwise you would just be paying fees basically). For swings, you want some solid coins, that can't be pumped and dumped in a matter of seconds, otherwise you would be very expose, and could end up losing a lot of money.

[1714137596]

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[1714137596]

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[seekoin]

I would recommand Ethereum as a very good alternative to Bitcoin. Ethereum has a strong financial ecosystem which keeps on growing.
I also recommand NEO because it will generate GAS which are a sort of dividend. So even if the price would collapse, you would still make some money. This one is perfect for long term trading coz you should be able to compound, which is the main key of a successful trading.

Hope this helps.

[mriansa]

how about looking at the volume of the coin, then looking at the project to be planned or the running project and looking at the total supply coin can be one of a few simple methods to deduce from all the answers you have given? I see a lot of coins that have a limited total supply and have a good project using their own coins can be expensive like for example XRB, Bitcoincash, and others that have a coin under 50 million coin supply seems to have a very high price potential, the method I mentioned, the correct step or the wrong step?

[AakZaki]

I am a little confused here to determine what is a good coin for me to buy for daily trading and for long term trading because currently available a variety of alternative coin (altcoin) is very much but there are some coin that is not good and there is also a good coin for that please give me the tips to know how to see a good coin for daily trading and long term trading, I hope this is not just for me alone but it can be for the knowledge for new players who are still confused to determine which coin is suitable for daily and long term trading and why did you suggest that coin?

I still think Ethereum is still the best choice for daily and long term trading before a new ATH occurs.

[kryptqnick]

please give me the tips to know how to see a good coin for daily trading and long term trading

Well, surely, nobody an give you the right advice and the risk as well as responsibility is all on you. That's why I'll just state my opinion and nothing more. I think that the coin for long-term investment and trading should not be the same. Their properties have to differ. When looking for a long-term investment, one needs to explore the coin and project behind it (if any), analyze the price charts and roadmap to see whether the coin is becoming more expensive with time. A good example it bitcoin which has a strong tendency of going up no matter what and not having long serious price dips that can make people nervous. For trading you shouldn't care much about the project as well as the general tendency of the coin. The most important thing is regular cycles with the price going up and down. One person on youtube was explaining it on fair coin, which used to have regular fluctuations and so the only thing one had to do was learn how to follow them.
Good luck!

[samster]

I think it's better to trade top 20 or top 10 coins it's good for long tram or day trading.in any case, if you lose the trade you can leave it to long tram hodling.

[Baoo]

In my opinion,  of course that the best trade  will be in Bitcoin and Ethereum ( in a long term and daily trading) because   they will be always on the top of the market in the future,  the second  best  trade in digital currencies will be in the low price of different Altcoins and an acceptable value of Market cap ( Such as, Ripple , Cardano, Stellar, LISK, EOS ) ,because the profit in them will be uneven and more huge in the  future ( After 2-4 years).

[kuncimobil]

how about looking at the volume of the coin, then looking at the project to be planned or the running project and looking at the total supply coin can be one of a few simple methods to deduce from all the answers you have given? I see a lot of coins that have a limited total supply and have a good project using their own coins can be expensive like for example XRB, Bitcoincash, and others that have a coin under 50 million coin supply seems to have a very high price potential, the method I mentioned, the correct step or the wrong step?

many new coins are popping now and certainly will make us have a lot of options and to find a coin that is profitable for trading we must first learn about the coins, I think what you do is correct we have to learn about the project of the coin and how it costs in the future whether it will be profitable or not

[supermine]

The coins with too much of price volatility is better for the short term then only you can make money with it and the altcoins with stable price is better for long term trading.But it is hard to pick the right coins because nothing is predictable when it comes to the crypto currency world so you need little bit luck too so then you can make more profits.But only with the experience you can learn fully amount the trading if you  are new to trading it is better to start the long term trading 4 or 5 times a week then it may give some profits and once get familiar with trading just do what you want.

[ThunderCatSteve]

The answer to your question is nothing. Many alts are having unstable market and I bet that you don't want to lose on something that is not sure, although the result in trading is not sure also. But for a second thought, if you're finding a good coin that is good for scalping. I bet you need a trader that is pro that will give you an advice .

[semutracing]

I am a little confused here to determine what is a good coin for me to buy for daily trading and for long term trading because currently available a variety of alternative coin (altcoin) is very much but there are some coin that is not good and there is also a good coin for that please give me the tips to know how to see a good coin for daily trading and long term trading, I hope this is not just for me alone but it can be for the knowledge for new players who are still confused to determine which coin is suitable for daily and long term trading and why did you suggest that coin?

For trading and profitable or not good for the short and long term, usually trading will be more profitable for the short term, to find a good coin, I try to find information through the forum or through acquaintances and coins of what is currently a trend in the currency crypto and whether it has good prospects for me to invest.