Short selling altcoins

[ethereumhunter]

Hi,

I've found some really poor altcoins with an incredible market cap that I'd like to short sell on exchanges like Digifinex and Coinsbit. Is this possible?

Thanks!

You mean undervalued altcoins that you can short sell? Well, if you want to short sell, you have to be very careful and vigilant while doing so. Some of this altcoins can be a bait for investors to invest after which it dumps. Know what you are doing before starting on a trade

It is difficult to find undervalued altcoin which can give us a profit because there are so many of that altcoin type, and if we found one or two, we will need to wait for a long time to sell. It is better to stay with the altcoin which has the potential to increase, so we don't need to wait for a very long time to sell. You need to think twice to select the undervalued altcoin to buy.

[carlisle1]

How they can be incredible if they are poor altcoins? Well, I mean that those descriptions are contradicting how you describe it. Going on, it's possible to short from another exchange to another.

I think what he meant is Incredible Volume so poor in value because so far it is Rpple (XRP0 who's having huge volume but stays in top 5.

Yes, that could be it and I understand it better now.

Do you mean arbitrage trading? it's possible and it's been done by many traders if the spread from the other exchange is quite high and you can see the potential profit. But, there's also a chance that you might be rekt if done it slowly and wrongly.

Well arbitrage is still profitable if you have experience,because all you need to do is watch each exchange and transfer your funds from each other that has High in value.

It's profitable if you have been doing that most of the time. But not every single trader can do this accordingly as we say that it's profitable. There's still more chance of losing on this strategy because delays might come and that's going to destroy your strategy.

There are many traders in the past that doing this strategy but nowadays?i have limited news regarding those doing arbitrage.actually i also try this twice but that time my internet connection is slower than Turtle thats why i never be successful so i stopped.

as long as they still have a request you can sell it. but when there is no demand for the exchange you sell it will be the same and useless. when there are still those who want to buy your coins then sell them, before they become junk coins that have no value.

i believe that you dont understand the topic Mate because i believe that OP is asking about strategy and not just the demand and supply.

[bison]

It is difficult to find undervalued altcoin which can give us a profit because there are so many of that altcoin type, and if we found one or two, we will need to wait for a long time to sell. It is better to stay with the altcoin which has the potential to increase, so we don't need to wait for a very long time to sell. You need to think twice to select the undervalued altcoin to buy.

the most difficult thing is to make sure the project stays alive for such assets. because the possibility of an increase will depend on the planning of the project. when the developer is dead it's a nightmare. like your deed is very risky. Coins that have a low value and have the potential to rise are coins from a new project that successfully did the IEO. but it's like gambling.