Short Term Trading Altcoins and Meme Coins?

[Inwestour]

It is true that short-term trading is much riskier, especially if it is done in altcoins and Memecoins. But I also know someone who is good at short-term trading. But I personally don't like short trading. The reason is because I am not yet skilled enough in short-term trading. And another reason is because I don't have much free time for short-term trading which of course requires more time because I have to continuously monitor price movements in the market in real time. But there is nothing wrong with short-term trading as long as he knows the risks he is taking. And Op should also understand this.

You are right, for this you need to have very good knowledge, when I sometimes look at some analysis of day traders, I see aspects that are difficult for me to understand, this indicates that my knowledge is not enough to call myself a trader. I am definitely new to trading and therefore my conclusions about whether it is possible to make money from trading cannot be reliable. You can trade on any asset that you have studied thoroughly and understand what to expect from it.

[goaldigger]

what is your prediction of dogecoin price in 2024 feb ?

This is one of the top memecoin and we know the hype for this coming from the Billionaire Elon.
I think DOGE can hit its new ATH once the market becomes more bull and despite if being a memecoin, DOGE is able to stay on top and keep the hype every time the market rise. Short term trading are ideal for memecoin as they are seasonal coin where they can only pump once the hype is available.

[tvplus006]

...Anyone here who trade altcoins and especially memecoins and give insight on this?  Also it's hard to 5x even with altcoins now right?  But memecoins it isn't?  Just the risk is much higher?  Now if you could buy 5 memecoins and one of them 10x and the other ones go to zero... then you profit right? 

Yes, you calculated everything correctly, but the main problem is that there is no guarantee that one of the five coins will give you a profit of 1000%. A more likely scenario is that the price of all five coins you bought will eventually become zero.

[TelolettOm]

Anyone here who trade altcoins and especially memecoins and give insight on this?  Also it's hard to 5x even with altcoins now right?  But memecoins it isn't?  Just the risk is much higher?  Now if you could buy 5 memecoins and one of them 10x and the other ones go to zero... then you profit right?  Also do all memecoins and altcoins go to 0?  Or it's always like $0.01 or $0.0000001?

You have never traded before and are looking forward to starting your trading activities, right? The question is are you ready with the knowledge and understanding you want? because trading does have a much higher risk, especially for short term trading or future trading. especially if they are meme coins or other hype coins that are only based on FOM and hype. Basically, it doesn't matter if we want to start trading, but the insight must be really good so that we don't just take certain coins for trading and expect profits of 5x or more. Not that easy. There must be an in-depth analysis of what coins you will take, when to buy them, and when to sell them. If they are top altcoins, they will be easier to analyze. But if it's meme coins or hype coins that have just appeared, it will be very difficult, just like gambling if we don't know how to analyze it. It's possible that instead of making a profit, you will actually suffer a big loss as a risk if you buy at the wrong moment after the hype and are late in taking profits. be careful, trading is not that sweet by giving profits many times over easily, that's not it.

[batang_bitcoin]

The risk ratio in meme coins is high and that's why the reward is potentially high too. Don't get surprised if you'd dwell in a huge loss with them because you can also make that much unexpectedly high there.

I think DOGE can hit its new ATH once the market becomes more bull

I am not optimistic with it hitting a new ATH. But this is the OG meme coin and everything can happen because we're not yet in the actual bull run for the cryptocurrency market. It's possible but I am not just positive on it.

[Z_MBFM]

Look at LUNC. It's $0.000201 now. 


Well LUNC seems to be increasing a lot lately.  So if you want to trade short term for profit because you think LUNC wiil go up short term but ultimately will go bad like most altcoins, wouldn't it make sense to buy it and say if it goes up your target percent profit... let say 10% even, then you sell for profit?

LUNA is a scam project now. Many people have lost huge amount through LUNA and the previous LUNA which had huge value is now renamed to LUNC so it is very foolish to invest in Luna with the expectation that it will increase in price so it is better to avoid it. There is no guarantee that this will not cause you to incur a large loss again. meme coins run on hype when there is some kind of hype about them they pump a lot but then again their prices crash quickly. So if you have the capacity to take a big risk then you can trade them.  Otherwise I don't think it's worth it for you to mess with them

[shawonngp]

Look at LUNC. It's $0.000201 now. 


Well LUNC seems to be increasing a lot lately.  So if you want to trade short term for profit because you think LUNC wiil go up short term but ultimately will go bad like most altcoins, wouldn't it make sense to buy it and say if it goes up your target percent profit... let say 10% even, then you sell for profit?

LUNC is transformed of LUNA coin which was billion dollar project but it scam project. LUNC is one type of meme coin in the market, Yes i think investors buy it for short term trading, No way to hold in long term because it will not be wrong if i said it's a scam project.

[GreenStox]

Dogecoin is a good meme coin with huge market capitalization. A small investment in this meme coin is not a bad idea.
Doge coin price is moving around 0.08$. And it's All time high price is 0.7-0.8$. It means dogecoin is available at 10x low price from its all time high price. In the next bull run dogecoin can break their previous all time high record.
So, hold some dogecoins in your portfolio for massive profit. In short term it can also give good profit 10-20%

Doge became a popular coin because Elonmusk did something with it, but the fact is that Doge coins have long been widely used, especially on gambling sites.

[vs2014]

In fact, many people will run away from the fear of meme coin because they believe in their hearts that it is more risky. But for short time trading i think risk is less but definitely select top meme coin then you will get profit. However trading is a real skill that will enable you to make profits so your skills will bring you trading success. But for long time holding meme coin will give more risk so it is stupid to decide to do it without knowing.

[leonair]

Look at LUNC. It's $0.000201 now. 


Well LUNC seems to be increasing a lot lately.  So if you want to trade short term for profit because you think LUNC wiil go up short term but ultimately will go bad like most altcoins, wouldn't it make sense to buy it and say if it goes up your target percent profit... let say 10% even, then you sell for profit?

LUNA is a scam project now. Many people have lost huge amount through LUNA and the previous LUNA which had huge value is now renamed to LUNC so it is very foolish to invest in Luna with the expectation that it will increase in price so it is better to avoid it. There is no guarantee that this will not cause you to incur a large loss again. meme coins run on hype when there is some kind of hype about them they pump a lot but then again their prices crash quickly. So if you have the capacity to take a big risk then you can trade them.  Otherwise I don't think it's worth it for you to mess with them

You are right and I agree with you LUNA was once a very popular coin and people invested a lot of money in it but suddenly it crashed and investors suffered a lot. Due to which most of the investors lost faith in Luna. LUNA then introduced new LUNA to the market with new strategies to survive in the market and distributed it to compensate those who had invested in LUNA.  But in this way the investors did not even recover their 20% loss. So it is better to stay away from this coin

[jerry0]

What are the exchanges you need accounts on if you want to short term trade altcoins?


It seems to be these below as the most popular right?  Those below are ETH related right?


uniswap


sushiswap



But what about radium, oraca and jupiter?  I never heard of these but these seem to be Solana related?




Can someone name me the top 5 or top 10 exchanges you need accounts on if you want to trade these altcoins and memecoins?  Would the ones I list above be it or there are more popular exchanges?

[gunhell16]

It is true that short-term trading is much riskier, especially if it is done in altcoins and Memecoins. But I also know someone who is good at short-term trading. But I personally don't like short trading. The reason is because I am not yet skilled enough in short-term trading. And another reason is because I don't have much free time for short-term trading which of course requires more time because I have to continuously monitor price movements in the market in real time. But there is nothing wrong with short-term trading as long as he knows the risks he is taking. And Op should also understand this.

You are right, for this you need to have very good knowledge, when I sometimes look at some analysis of day traders, I see aspects that are difficult for me to understand, this indicates that my knowledge is not enough to call myself a trader. I am definitely new to trading and therefore my conclusions about whether it is possible to make money from trading cannot be reliable. You can trade on any asset that you have studied thoroughly and understand what to expect from it.

Yes, you are right there, dude, because if anyone here doesn't have enough knowledge in the field of crypto space, then surely the money they can use here will be wasted. Most people know that the average level of cryptocurrency and meme coins is high compared to Bitcoin.

But it cannot be denied that they can really get a profit from the two mentioned, either altcoins or meme coins. Maybe right now the best short-term works in meme coins are Shiba Inu, Bonk, and Pepe Coin, which I mentioned. If you really know anything about trading each of them in one day, you can possibly get a profit. The worst scenario is that it's 4 dollars, which is the lowest for each of them. So the total in a day is 12 dollars; that's not bad, actually.

[borovichok]

This is one of the top memecoin and we know the hype for this coming from the Billionaire Elon.
I think DOGE can hit its new ATH once the market becomes more bull and despite if being a memecoin, DOGE is able to stay on top and keep the hype every time the market rise. Short term trading are ideal for memecoin as they are seasonal coin where they can only pump once the hype is available.

Memecoins are for everyone that has potentials of taking the bold step and witnessing good profits from the system. We might not be the standable confident trader but when we see an opportunity, we don't fail to take it and ensure we grind really hard to withdraw good figures from the system. We might never know how the market operates because it's filled with volatility but we can make countable records of the good and bad days we've witnessed in the space. DOGEcoin have been consider as one the numerous dump coin in the market. Elon Musk have this stunt he always pull every single time he's optimistic of generating profits from the system.

[nurilham]

So I never traded before and considering to do it now.  I know you can trade btc, eth and the main big coins. 

Actually, they have been good portfolio and diversity, moreover, having more Bitcoin will be much better.

Now if you want to do short term trading such as buy these altcoins and meme coins and sell them... let say it could be as short as few hours to the most as in a month or so.  But let say you want to be trading daily and thus probably don't want to hold a coin more than a week or so and just want to lock in profits if they have a target price for each altcoin or memecoin you buy.

Only do short term investments or in this case trading if you have the capacity to do so. In the sense that trading is high risk, so we really need very good capacity regarding how we prepare ourselves to carry out this trading. Readiness does not only come from the money you can afford to loose, but other important things are also readiness, knowledge and understanding, mental and emotional readiness, as well as readiness for risk management in trading. This needs to be prepared carefully because after all, trading is not an easy thing to do. We may be able to imagine or imagine taking profits in a few hours. However, in reality, trading is not only about taking profits but other things that influence our readiness to face various highly volatile economic conditions.

[Fredomago]

This is one of the top memecoin and we know the hype for this coming from the Billionaire Elon.
I think DOGE can hit its new ATH once the market becomes more bull and despite if being a memecoin, DOGE is able to stay on top and keep the hype every time the market rise. Short term trading are ideal for memecoin as they are seasonal coin where they can only pump once the hype is available.

Memecoins are for everyone that has potentials of taking the bold step and witnessing good profits from the system. We might not be the standable confident trader but when we see an opportunity, we don't fail to take it and ensure we grind really hard to withdraw good figures from the system. We might never know how the market operates because it's filled with volatility but we can make countable records of the good and bad days we've witnessed in the space. DOGEcoin have been consider as one the numerous dump coin in the market. Elon Musk have this stunt he always pull every single time he's optimistic of generating profits from the system.

If you can take that risk and you are willing to wait after buying this type of project, meme coin always surprises the market and with the way investors and traders take their actions they don't want to missed the ride when bull or pump season take place, as behind that investment the high risk situation for their money. A single mistake of choosing which meme project to invest can result of losing all the money that you put for your investment. There's no assurance but just a hope that it will bring decent benefits.

[gunhell16]

This is one of the top memecoin and we know the hype for this coming from the Billionaire Elon.
I think DOGE can hit its new ATH once the market becomes more bull and despite if being a memecoin, DOGE is able to stay on top and keep the hype every time the market rise. Short term trading are ideal for memecoin as they are seasonal coin where they can only pump once the hype is available.

Memecoins are for everyone that has potentials of taking the bold step and witnessing good profits from the system. We might not be the standable confident trader but when we see an opportunity, we don't fail to take it and ensure we grind really hard to withdraw good figures from the system. We might never know how the market operates because it's filled with volatility but we can make countable records of the good and bad days we've witnessed in the space. DOGEcoin have been consider as one the numerous dump coin in the market. Elon Musk have this stunt he always pull every single time he's optimistic of generating profits from the system.

If you can take that risk and you are willing to wait after buying this type of project, meme coin always surprises the market and with the way investors and traders take their actions they don't want to missed the ride when bull or pump season take place, as behind that investment the high risk situation for their money. A single mistake of choosing which meme project to invest can result of losing all the money that you put for your investment. There's no assurance but just a hope that it will bring decent benefits.

Most of the meme coins that are listed on the top exchange suddenly behave in a way that other traders in the market don't really expect. And most of them are also highly volatile on exchanges like Pepe Coin, which is a good short-term trade anyway.

And I will try, but you must have deep knowledge here, because otherwise you will have a hard time keeping up with that short-term trading activity here in the crypto space.

[Mehedi72]

Op Actually it depends on how much you are ready to gain and how high you are ready to take risk. Both things are interrelated to each other. It's true that profit could be huge but are you ready to lose $1000? Maybe you are but not everyone is gonna ready to lose as $1000 is still a big amount for many people even me too. Otherwise there's no restrictions for them who would like to take risk and play with those shitcoins. Your last question answer is same, 5 memeocin wouldn't scam together but wouldn't pump together also. You may profit or may loose but yeah, there is good possibility to making short term profit from those during bull run. apart from that, for uniswap, you need ether for each transaction and for pancakeswap, they required bnb for each transaction. No matter how big the exchanging amount is but fee is same. Yeah you can exchange anything with other token or you can have usdt dai  usdc but for that , those dex required eth or bnb. That's why cex is better for many reasons

[kentrolla]

Op Actually it depends on how much you are ready to gain and how high you are ready to take risk. Both things are interrelated to each other. It's true that profit could be huge but are you ready to lose $1000? Maybe you are but not everyone is gonna ready to lose as $1000 is still a big amount for many people even me too. Otherwise there's no restrictions for them who would like to take risk and play with those shitcoins. Your last question answer is same, 5 memeocin wouldn't scam together but wouldn't pump together also. You may profit or may loose but yeah, there is good possibility to making short term profit from those during bull run. apart from that, for uniswap, you need ether for each transaction and for pancakeswap, they required bnb for each transaction. No matter how big the exchanging amount is but fee is same. Yeah you can exchange anything with other token or you can have usdt dai  usdc but for that , those dex required eth or bnb. That's why cex is better for many reasons

I still believe there winning ratio with memecoin is very thin as you said all the 5 meme coin cannot scam together but there are projects which have not scammed people but simply failed so I believe all 5 meme coin can fail together leaving you with nothing hence I would say we cannot experiment with memecoin and it should hardly by under 10% of our portfolio if we want to take chances.

[Fredomago]

This is one of the top memecoin and we know the hype for this coming from the Billionaire Elon.
I think DOGE can hit its new ATH once the market becomes more bull and despite if being a memecoin, DOGE is able to stay on top and keep the hype every time the market rise. Short term trading are ideal for memecoin as they are seasonal coin where they can only pump once the hype is available.

Memecoins are for everyone that has potentials of taking the bold step and witnessing good profits from the system. We might not be the standable confident trader but when we see an opportunity, we don't fail to take it and ensure we grind really hard to withdraw good figures from the system. We might never know how the market operates because it's filled with volatility but we can make countable records of the good and bad days we've witnessed in the space. DOGEcoin have been consider as one the numerous dump coin in the market. Elon Musk have this stunt he always pull every single time he's optimistic of generating profits from the system.

If you can take that risk and you are willing to wait after buying this type of project, meme coin always surprises the market and with the way investors and traders take their actions they don't want to missed the ride when bull or pump season take place, as behind that investment the high risk situation for their money. A single mistake of choosing which meme project to invest can result of losing all the money that you put for your investment. There's no assurance but just a hope that it will bring decent benefits.

Most of the meme coins that are listed on the top exchange suddenly behave in a way that other traders in the market don't really expect. And most of them are also highly volatile on exchanges like Pepe Coin, which is a good short-term trade anyway.

And I will try, but you must have deep knowledge here, because otherwise you will have a hard time keeping up with that short-term trading activity here in the crypto space.

You must have the knowledge and strong nerve when picking meme project, knowing that any time the value may fall hard and whale will just dive in and scoop with all the potential money that being invested inside the market, you need to have that knowledge to make sure that you will be able to ride along and not become a victim of those big fat whales who really love playing with the emotions of each investor and trader who love riding with new project/meme.

[Tigerheart3026]

What are the exchanges you need accounts on if you want to short term trade altcoins?


It seems to be these below as the most popular right?  Those below are ETH related right?


uniswap


sushiswap



But what about radium, oraca and jupiter?  I never heard of these but these seem to be Solana related?




Can someone name me the top 5 or top 10 exchanges you need accounts on if you want to trade these altcoins and memecoins?  Would the ones I list above be it or there are more popular exchanges?

don't use uniswap and shushiswap and other eth network based dex, because if you are a short term trader then never afford the expensive fees in those dex.
now most of popular meme coins are listed on binance exchange which is most trusted exchange in all time, so you need to create account here and complete kyc then you can trade altcoins and meme coins.