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Author Topic: Good trading volume doesn't mean a token is good  (Read 796 times)
lue wang
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November 24, 2019, 10:57:10 PM
 #121

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.
This is absolutely right I faced this situation. For hype news I hold a coin for long term in exchange but later dump from 500 USD to 56 USD. I don't wanna mention this token name but volume was really good.
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JeffBrad12
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November 24, 2019, 11:35:47 PM
 #122

I also think that Good trading volume doesn't mean a good token. Yes, a lot of words can be explained, but I find it hard to say. Can you explain it more clearly?
You know a good trading volume can be build up by hyping the coin and that was the case for so many project in the past. the token may be just another shit token or even just a clone of some already existing token with basically the same functionality but if there's some kind factor that could make people hyped about the project for example using popular people's name to their advisor and team of developers then it could gather the attention of the crowd. But then afterward people realize that the coin is basically a shit coin in disguise and it will lost the volume and popularity afterwards.
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November 25, 2019, 08:39:50 AM
 #123

With the way the Cryptocurrency market is going, I would prefer a good volume and price over a product with a usecase, see ICX for example, I bought hen it was worth $8 per token and presently, each token is worth about $0.1 and this is a token with a very good volume in exchanges and very big hype and their own complete ecosystem, but give me a project that the price has been steadily rising daily and they are maintaining their volume for years and I would take this project over the fully developed one whose price is useless and which I can't even sell it's tokens because there are no buyers in the exchanges.

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November 25, 2019, 06:36:41 PM
 #124

On the contrary, in my opinion even a token has a working solution but does not attract investors attention, it is useless. When the trading volume is high and real, it is a good sign of investors interest and bright coin future.
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November 25, 2019, 07:17:37 PM
 #125

What I would say here - nothing depends on one components only. What basically makes sense - complex approach towards token and solution analysis. And I am sure that only such strategy leads to right decisions, while choosing the token
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November 25, 2019, 07:18:19 PM
 #126

What I would say here - nothing depends on one components only. What basically makes sense - complex approach towards token and solution analysis. And I am sure that only such strategy leads to right decisions, while choosing the token

Hello there. You know, I would definitely agree with you on your statement. What is important as well - the practical value. Kinda you must be having understanding of why you are using the platform, how it simplifies your life and else
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November 25, 2019, 07:20:16 PM
 #127

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.
Although the supply continues to decrease time by time, but if no one is interested to buy it i think it's useless! If they think in the future this token will become gold, I think they have gone crazy. Just imagine, how can tokens without enthusiasts and use cases can grow? even tokens with many use cases and enthusiasts are difficult to grow in the present. Come on think hard man!

 
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November 25, 2019, 07:26:55 PM
 #128

Hello there. You know, I would definitely agree with you on your statement. What is important as well - the practical value. Kinda you must be having understanding of why you are using the platform, how it simplifies your life and else

Very rational. I am adding innovations, roadmap, team experience and milestones - formula for a great platform. By the way, are you having any that fully meet your requirements? Many such?
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November 25, 2019, 07:27:16 PM
 #129

Very rational. I am adding innovations, roadmap, team experience and milestones - formula for a great platform. By the way, are you having any that fully meet your requirements? Many such?

Oh, good question. Nope, I cannot say that there are many - only 2 or 3 most interesting ones. But to be honest, the most advanced solution (and my latest discovery at the same time) is Housinet ICO. What I am really impressed with here - entirely new and innovative approach on real estate and property management industry. Deep analysis, downtimes evaluation, metrics, p2p rentals and much more via 1 single ecosystem. And yeah, great partnerships with leaders on industry make sense as well. So I definitely recommend you to have a closer look at what the guys are offering, just Google them, platform is in very high demand these days
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November 25, 2019, 07:33:46 PM
 #130

Oh, good question. Nope, I cannot say that there are many - only 2 or 3 most interesting ones. But to be honest, the most advanced solution (and my latest discovery at the same time) is Housinet ICO. What I am really impressed with here - entirely new and innovative approach on real estate and property management industry. Deep analysis, downtimes evaluation, metrics, p2p rentals and much more via 1 single ecosystem. And yeah, great partnerships with leaders on industry make sense as well. So I definitely recommend you to have a closer look at what the guys are offering, just Google them, platform is in very high demand these days

More than impressing, thank you very much for your recommendation here. I will have a closer look at what solutions stays for and get back with own thoughts afterwards. So far so good, again Smiley
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November 25, 2019, 07:43:19 PM
 #131

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.
Absolutely right and i strongly agree with you because as a trader i know that there are no need big volume tokens for trading specifically in the short term trading. Even personally i think you can make good profit in short time to trade with small token and low volume. Profit is very difficult in top ranking and big volume coin. Just if you have to plan long term trade or investment than definitely you should be concern with top ranking coins.                 
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November 25, 2019, 10:42:32 PM
 #132

of course, sometime members of team want to popilarize the token and making fake tradings with fake volume, so need to learn all history of trading of token
The team doesn't have an access to do that but the exchange site is taking a very important role in this case consider about all of the access was owning by the exchange site owner itself. What we need to learn is about never try to trade in the crap exchange site. The exchange site is a party that is having very strong chance to do PnD

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November 25, 2019, 10:53:11 PM
 #133

With the way the Cryptocurrency market is going, I would prefer a good volume and price over a product with a usecase, see ICX for example, I bought hen it was worth $8 per token and presently, each token is worth about $0.1 and this is a token with a very good volume in exchanges and very big hype and their own complete ecosystem, but give me a project that the price has been steadily rising daily and they are maintaining their volume for years and I would take this project over the fully developed one whose price is useless and which I can't even sell it's tokens because there are no buyers in the exchanges.
There are indeed project like that. A project with finished product can ready to be used by people but the problem is there are no people that wanted to use their product which means the product is as good as nonexistent. Just take example of any top 10 coin most of them are just consist of smart contract platform or just have the functionality of being used for remmitances and nothing more but they could stand strong, becasue they have the community and they could create the hype that lead people into thinking they deserve to have the price. Except bitcoin, bitcoin is like the most adopted coin that have true use case.

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November 26, 2019, 01:06:17 AM
 #134

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.
Without have volume transaction on exchange market how come to said good altcoin for trading or investing, I think volume transaction is important part because can increase altcoin to higher price, without have volume transaction not possible price can be up. Many altcoin have lower price because supply is unlimited although have good volume transaction on exchange market.

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November 26, 2019, 02:14:38 AM
 #135

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.

yes I agree with you coins that have high trading volume does not mean that coins are good coins. because high volumes can be manipulated by bots. maybe only coins that have real uses and are also in demand by investors who can have high trading volumes. and enter the list of CMC's top coins that are included in the good coins.

 
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shodik007
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November 26, 2019, 02:35:24 AM
 #136

no, I still think coins with low trading volume are bad and vice versa, we can do research before buying so it's impossible to buy because of the hype. actually it only depends on our accuracy in choosing the right one for real use cases, and combined with good trading volume too

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_IRMAN
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November 26, 2019, 04:14:38 AM
 #137

You are right, a high trading volume is not necessarily a good coin, because it could be that the volume was not made by genuine traders, but developers who are playing with their own coins and want profits.
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November 26, 2019, 06:49:14 AM
 #138

Is there any universal definition of a good token? I don't think there is any. So, individual has its own definition of a good token and as for me, good trading volume is part of it. After all, what most traders and investors care about in the industry is profit and not product.

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November 26, 2019, 08:00:27 AM
 #139

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 it is too risky if we trade with tokens that do not have a large market cap value because it can be when we buy tokens at high prices or are exposed to FOMO. It is better to focus trading on coins that are already popular and have large daily transaction averages so that volatility can be predicted

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November 26, 2019, 08:25:32 AM
 #140

no, I still think coins with low trading volume are bad and vice versa, we can do research before buying so it's impossible to buy because of the hype. actually it only depends on our accuracy in choosing the right one for real use cases, and combined with good trading volume too

It is better to avoid coins that do not have a product but have a high volume in a short time because it could be bots. It's safer if we trade on coins listed at large exchangers because liquidity is usually stable and does not use bots and real volume
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