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Author Topic: Good trading volume doesn't mean a token is good  (Read 801 times)
DDante (OP)
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November 21, 2019, 05:11:39 PM
 #1

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.
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November 21, 2019, 05:21:44 PM
 #2

but a good volume can describe the condition of coins in the market, it must be examined again to find out more. If you do research on all tokens that have low volumes and large volumes it will take a lot of time, unless you have a lot of time you can do it. the most important thing before assessing coins is you have to research many aspects they have


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November 21, 2019, 05:37:40 PM
 #3

About the use case, many traders here don't really care much about real use case of a token or a coin. Those who say volume is an indicator that a project is legit probably haven't read the project's whitepaper. That may sound rude or harsh but let us all be honest here.


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November 21, 2019, 05:57:09 PM
 #4

There is a market maker for hire who has the sole purpose of making your token active in terms of daily trading and sometimes this creates hype for the project to attract investors or traders. In addition, trading volume can be fake so never ever rely the worth of a project just because it has a good trading volume.

 
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November 21, 2019, 06:00:04 PM
 #5

The volume can be pumped and also you can use bots to create the appearance of trading. Each coin is twisted as it may, this should be checked thoroughly for every project.
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November 21, 2019, 07:25:59 PM
 #6

Bad projects can have fake volumes as well, i think its better to do research very well before investing in any projects, make sure they have what it takes to be useful for the people, good useful coins will never die easily
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November 21, 2019, 07:29:58 PM
 #7

Large volumes of coin tokens can be manipulated easily. I once traded coins that were rarely in demand but the volume of coins was high. High volume was indeed manipulated using bots. I can't sell coins properly. A healthy coin volume is when many trade without using bots.



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November 21, 2019, 07:36:11 PM
 #8

Though you are right but I can't agree with your example. BOMB is enough good token, though it has no real use case, then tell me how many coins have real use cases? BOMB is still a kid token in this large crypto community, they are here only for 4-5months, then how can you imagine it would have real use case within this short time?? if you follow the BOMB token telegram, you will know they are such a talented guy live there! I have no BOMB token, never bought it, but I know this is not a bad token.

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November 21, 2019, 07:43:58 PM
 #9

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.

I think you are twisting the point here, which one do you want to be holding, a token with decent trading volume or the ones with low or no trading volume. The poin tis that most scam projects do not have volume for you to get in and out of them, that is why this is very important, you need to be able to move your money around the way you want

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November 21, 2019, 07:45:12 PM
 #10

I have started picking only tokens with real use cases just because fake hype based projects without any real use cases do not tend to last long, also the real projects with meaningful platform and services may fail to attract customers but in that case you will not regret that you made a bad investment. Afterall luck matters a lot too.

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November 21, 2019, 07:48:44 PM
 #11

The pump and dump schemes, and manipulation of trading are false and fake factors showing wrong details to the traders sometimes, but the good thing is that these manipulations are always temporary and you can't control the volume of trading forever.
So, it is better to study the project itself first before studying its trading volume.
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November 21, 2019, 07:49:26 PM
 #12

The demand for token use case came after the dump, it is discovered to be important for altcoins especially. Sustainable Volume will always be significant for token that wants to thrive in this space but exchange where it is traded will also be as important. projects with no used case will naturally die in this market when projects with use case generate volume that drive its price.
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November 21, 2019, 08:04:09 PM
 #13

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.
Volume is an indication of demand. On the market there are thousands of coins similar to what you say, but not all like BOMB. Good coins generally have a higher volume. Being good increases the demand, which means higher volume. Sometimes there are opposite situations, but there is a reason for these: for example, not being recognized by the majority.
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November 21, 2019, 08:14:08 PM
 #14

i read in a thread where few people are saying if a coin has no volume means its a bad coin
That *is* true.  There are shit coins on crap exchanges with zero or very low trading volume, and it is a good indicator that it isn't a good investment.  A coin or token with low volume basically means that you'll have a hard time selling it because there's not really a market for it.

As regards high volume, I'd be careful about the numbers you see, since there is talk that trading volume on certain exchanges can be and is faked.  I'm not sure how you can tell the difference, but everyone should be avoiding crap coins and tokens anyhow.

I have started picking only tokens with real use cases
Yeah?  I'd like to hear of *one*.  I have yet to see a token that's used for a real life problem.
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November 21, 2019, 08:25:05 PM
 #15

this is just another opportunity to catch new investors into their scam projects. they talk about burning tokens, etc. but in fact they do nothing except continue to raise money. in the end, such projects usually just disappear with all the money and with their stories about the bright future thanks to their tokenomics






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livingfree
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November 21, 2019, 08:47:33 PM
 #16

That explanation is on point. I used to say that if the coin doesn't have volume avoid it but I've never say that coins that have good volume are all good. I think the basis that I've said that because of the comparison with the old coins that has no more good volumes.

people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens
What investors believe is that whenever there's an event of burning, it will make the prices up and that's why there will be a fomo on that side. But be very careful because it wouldn't hold long.

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November 21, 2019, 09:15:54 PM
 #17

Yes even they have high volume in market still that's can only happen because the developer or team use big funds about this like they promote this like that example they reward this big with their campaign that's why this grow and not about the potentials of their tokens like if this can turn useful and helpful then this can really will grow

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November 21, 2019, 09:36:08 PM
 #18

Even the weighted volume and/or 'adjusted volume' you see on a lot of sites like Coinmarketcap or Coingecko isn't always correct, and there's really no way to know the true volume of any exchange nowadays because of all the different ways exchanges boost their volume. Some sites like Coingecko also provide an easy way to look at market depth to weed out some exchanges that obviously fake volume, but I suspect some exchanges also make their books look legit too.
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November 21, 2019, 10:03:10 PM
 #19

Trader no matter the problem like this. They see if many volumes make it easy for them to trade and take profit, not that the tokens or coins are good.
If the token or a good coin has no volume of traders will worry about choosing them because it will be difficult to get the price movement if the volume is quiet.

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November 21, 2019, 10:25:49 PM
 #20

Trader no matter the problem like this. They see if many volumes make it easy for them to trade and take profit, not that the tokens or coins are good.
That's the main reason why traders want good enough volume for a token/coin. Making profit will be more easy because trade takes place in a short time, so it doesn't need long time to get a profit, then they can rotate it again and again.

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