Short Term Trading Altcoins and Meme Coins?

[jerry0]

So I never traded before and considering to do it now.  I know you can trade btc, eth and the main big coins.  There are also ton of altcoins out there like solana which is considered a big altcoin, and altcoins like stellar lumens which is a popular altcoin.  Then you have memecoins like dogecoin and many others that are on uniswap and pancakeswap.  I never used uniswao pr pancakeswap.


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.  Do lot of people do this?  Now obviously if you want to make money short term, this wouldn't be possible if the crypto market is going down right?  Thus if btc is going down a lot, pretty much all altcoins follow right?  Very few altcoins go up when bitcoin goes down.  However, I recall many of these memecoins don't exactly follow bitcoin''s price going up or down right?  I'm talking about those memecoins that show up and then probably are gone within few weeks.  Now these memecoins are all frauds right?  I forgot the exact term that is used for these but it's when creator of a coin puts it and then people buy and then the price drops... what's the term for this?  But even if you buy those coins and then sell when you make a profit, it's fine right as long as you don't hold these coins at the end when price falls?


If you are planning to trade and make short term trades... do you suggest normal altcoins?  By normal altcoins I mean any altcoin in the top 100.  But probably it should be the top 50 or so.  What about memecoins?  Seems with memecoins you can make a lot more in what you put in right but the risk is higher?  However if you put say $1000 in a memecoin. It can 10x.  You can't really do that with any real altcoin in the top 100 that isn't a memecoin right?  Now if the memecoin goes to almost 0... well you only lose $1000.  But you can 5x or 10x your memecoin right?  So as of now and recently, are there altcoins or memecoins like that?  Such that you buy it and hold on to it for few days or week or weeks and then as long as you sell it before the price plummets you profit?


The other question is if you plan to do this type of trading, what exchanges do you have to use?  I only have access to coinbase and gemini so I can only trade in real altcoins so to speak.  Sure you can invest in dogecoin which is a memecoin but it's a top altcoin in a real exchange lilke coinbase and gemini.  But when you talk about those memecoins... what exchange will you have to use?  Is it only uniswap and pancakeswap?  With them, you need to have ETH right?  Thus you send ETH to it and then buy those memecoins?  However, I heard in those exchanges, you have to use wbtc or something like that?  How does that work?  But in the end when you cash out if you can, you would be withdrawing ETH back right from uniswap or pancakeswap?  Or can you withdraw say usdt or usdc or btc back to your wallet? 



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?

[Rehan Zakir]

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%

[Tytanowy Janusz]

Now obviously if you want to make money short term, this wouldn't be possible if the crypto market is going down right?

you can earn even on falling market as long as your timeframe is short enough (f.e scalping) or you can open short possition that earns of price decline.

Now these memecoins are all frauds right?  I forgot the exact term that is used for these but it's when creator of a coin puts it and then people buy and then the price drops... what's the term for this?  But even if you buy those coins and then sell when you make a profit, it's fine right as long as you don't hold these coins at the end when price falls?

Yes they are all frauds. Its called pump and dump shame. The ods of winning is super low and risk/reward ratio is not worth the try. In normal, good casino house edge is around 1-5%. With meme coins its like 90%.

If you are planning to trade and make short term trades... do you suggest normal altcoins?  By normal altcoins I mean any altcoin in the top 100.  But probably it should be the top 50 or so.  What about memecoins?  Seems with memecoins you can make a lot more in what you put in right but the risk is higher?

I suggest bitcoin and if you are greedy and bitcoin volatility is not enough for you ... go with leverage. 99% of altcoins are not worth a penny. Its impossible to calculate if we are about to see a pump or a whale is about to dump to buy new yaht. Just think for a moment. How many projects from top 50 CMC are worth above $1 billion? $1 billion for an open source code that can be cope/paste. Without userbase and mostly without unique use case.

However if you put say $1000 in a memecoin. It can 10x.  You can't really do that with any real altcoin in the top 100 that isn't a memecoin right?  Now if the memecoin goes to almost 0... well you only lose $1000.  But you can 5x or 10x your memecoin right?  So as of now and recently, are there altcoins or memecoins like that?  Such that you buy it and hold on to it for few days or week or weeks and then as long as you sell it before the price plummets you profit?

yes but risk/reward is not worth the try. i'll put it that way. you can make 100x with meme coins but odds of winning are 1:1000 or even less. Its much better to do 10% profit (with stoploss, risking 10% loss) with 70% odds of winning than trying to do 100x risking 100% in instant rugpull with odds 1:1000.

[leonair]

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%

The reason Doge coin made such an all-time high was Elon Musk's popularity and the hype he created in the crypto market. However, with such heavy supply of Doge, it is doubtful whether it will be able to cross the ATH again and make a new ATH. But on the other hand there are enough potential altcoins in the market from which you can make good profit through trading. So why you might be interested in trading risky coins like meme coin. According to my personal research it would be better to trade altcoins than meme coins

[Tigerheart3026]

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 is a good meme coin i agree with you but don't judging it's previous ath with current price, if it's influenced by elon musk so it can only pump for his support otherwise it's not a potential coin to break it's previous ath, i think it's not suitable for short term investment, after long time it increased 2-5% high.

[Dr.Bitcoin_Strange]

If you are planning to trade and make short term trades... do you suggest normal altcoins?  By normal altcoins I mean any altcoin in the top 100.  But probably it should be the top 50 or so.  What about memecoins?  Seems with memecoins you can make a lot more in what you put in right but the risk is higher?  However if you put say $1000 in a memecoin. It can 10x.  You can't really do that with any real altcoin in the top 100 that isn't a memecoin right?  Now if the memecoin goes to almost 0... well you only lose $1000.  But you can 5x or 10x your memecoin right?  So as of now and recently, are there altcoins or memecoins like that?  Such that you buy it and hold on to it for few days or week or weeks and then as long as you sell it before the price plummets you profit?

One thing I know is that trading altcoin can actually make someone turn into a daydreamer in the sense that they will begin to imagine how they can just make a 100X or 10X profit of their investment in just a few months or weeks, but they also forget to realize the losses that could come if the altcoin fails to get pumped and perhaps dumped. There are a few things I have experienced in the crypto space about altcoins. One is that they carry out token swaps; they can disappear without notice; a token could get delisted and exchanged; and also, there's how a token will be dumped, and the project owners can just abandon the project.

So, when trading altcoin, always keep in mind that it could also cause you some loss. Although it's not all, you cannot tell which one is going to cause the loss. While I was trading, I traded altcoins, and I won't lie and say that I have actually made some profit, nor can I deny the fact that I also ran into losses.

[aylabadia05]

I have tried trading like this in the type of Altcoin Top 100, as I recall to Polygon (MATIC). Only a profit of around 2%, meaning that the profits obtained are not large in short trade carried out several hours or daily trading.
Because the time available for daily trading is not much, I don't do it anymore. Trading activities that are no longer interested in me. There is money, my focus on Bitcoin investment.

[bayu7adi]

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?

But prolonging our luck in highly volatile investment assets for an extended period is more challenging than imagined. You might think that by choosing five coins, you're bound to have one of them increase by x10, but it's not as easy as you might think. Even if you select 15 meme coins, there's no guarantee of any profit if luck doesn't favor you. High risk remains high risk, and no matter how much you try to minimize it, meme coins are still very hard to predict.

IMO, this is no different from buying lottery numbers every day, even with slightly better odds (maybe). Also, the knowledge of luck gained from this experience might not be more valuable than analyzing the top 10 coins. The assessment for meme coins often boils down to whether to buy more or not, nothing more.

[Xampeuu]

I have tried trading like this in the type of Altcoin Top 100, as I recall to Polygon (MATIC). Only a profit of around 2%, meaning that the profits obtained are not large in short trade carried out several hours or daily trading.
Because the time available for daily trading is not much, I don't do it anymore. Trading activities that are no longer interested in me. There is money, my focus on Bitcoin investment.

Short-term trading cannot maximize profits, but from small profits it is done repeatedly, so that in one month you get a large profit. If you only do it 20 working days a month, you will get a profit of 40%, but that's mathematical, but for people who don't have free time, short-term trading doesn't feel optimal, and it's better to invest in Bitcoin which has minimal risk so you can left with other activities

[Sebas.tian]

 There are many potential altcoins you can buy in this bearish season, and wait for their price to increase higher before you can trade to make a good profits from the market. But if you want to risk your money on memecoins base on their low price, you will not enjoy your short term trading because many traders has lost a lot of money for those memecoins that look like what is going to increase higher in the future but the moment you try your luck to invest, the price will begin to decrease until it disappear from the market. Ethereum, Solana and polygon are good altcoins you can try in short term trading and you will not regret with what you will get in return, and it will give you more confident to increase your capital so that you can increase your income.

[BabyBandit]

I have tried trading like this in the type of Altcoin Top 100, as I recall to Polygon (MATIC). Only a profit of around 2%, meaning that the profits obtained are not large in short trade carried out several hours or daily trading.
Because the time available for daily trading is not much, I don't do it anymore. Trading activities that are no longer interested in me. There is money, my focus on Bitcoin investment.

Short-term trading cannot maximize profits

False. You cant compare Short and Long-term trading. Some coins is created for long term and some for short term, it's up to us to be skilled enough to be able to see it.
It's about the coin you invest in not how long you want to make the investment.


@OP - Check out Bonk. https://www.coingecko.com/sv/coins/bonk its on the Solana blockchain. Reached a new all time high just hours ago.
Up 805.0% during 30 days. Possible it will drop soon but as a short investment it can be very good, I will hold it for long time. 

[R100K-Martin-Lunger]

Personally, I go with Short term trading of Altcoins. I rebalance my portfolio while constantly monitoring the market with the help of AI and make my trades based on the data I receive and what I see myself. Its been working really well for me as well.

[Heulahee]

Short-term investments are good, the market is flowing now and we can see the Bitcoin price is more than $40k now. And that would push users to take their profit in just some time. Altcoin's prices are also at a better height now. Looking at all these facts one should take entry in the altcoins now as it would show us the realm power of trading now. For me, now I think that Bnb would be a better choice. I had invested in Ethereum recently but now go with the Bnb again and want to do day trade as it is a little volatile as compare to Ethereum.

[Assface16678]

I have tried trading like this in the type of Altcoin Top 100, as I recall to Polygon (MATIC). Only a profit of around 2%, meaning that the profits obtained are not large in short trade carried out several hours or daily trading.
Because the time available for daily trading is not much, I don't do it anymore. Trading activities that are no longer interested in me. There is money, my focus on Bitcoin investment.

Short-term trading cannot maximize profits, but from small profits it is done repeatedly, so that in one month you get a large profit. If you only do it 20 working days a month, you will get a profit of 40%, but that's mathematical, but for people who don't have free time, short-term trading doesn't feel optimal, and it's better to invest in Bitcoin which has minimal risk so you can left with other activities

But the thing is, not all have the luxury of waiting long. Yes, bitcoin trading must be done long-term to maximise the profit and, of course, to gain a lot, but while waiting for the profit, people still have needs, so if they want to, they could do short-term investment or trading, not just in bitcoin but in altcoins and memecoins. Altcoins are the perfect crypto coins subject to short-term trading so that you could earn depends on how a trader executes his trade, but avoid memcoins. Even though it is also profitable by doing short-term trade, memcoins are subject to scams or are a very risky and dangerous form of crypto currency as they tend to go to zero value in a blink of an eye. So better stay out of it. I do long-term trading on some coins, including, of course, bitcoin, but I also do short-term trading or scalping so I can make some profit while waiting for a huge profit.

[jerry0]

If you going to short term trade altcoins, is using coinbase and gemini enough or not?  The issue is lot of altcoins are available on other exchanges like binance and kraken where others don't have access to.


What about meme coins?  I mean even binance and kraken doesn't have that right usually?  So for meme coins that are pump and dumps and other similar coins, you have to use uniswap and pancakeswap and those are the 2 main exchanges for that and it isn't restricted to anyone regardless of location right?  But you need ETH if you want to trade in those places?  These are decentralized exchanges correct? 

[GreatArkansas]

(....)
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?

If we only talk about trading any pairs of memecoins, for me, it's normal, nothing to do with memecoins.
But if you are looking for investment, or you will buy and hold it then wait for some time then sell it, then it will matter. Memecoins right now for me is like a gamble, high risk high reward.
You can gamble on more than 1 memecoin as long as you afford what you stake because volatility is high especially those new memecoins that could lead to scams.

[Strongkored]

The reason Doge coin made such an all-time high was Elon Musk's popularity and the hype he created in the crypto market. However, with such heavy supply of Doge, it is doubtful whether it will be able to cross the ATH again and make a new ATH. But on the other hand there are enough potential altcoins in the market from which you can make good profit through trading. So why you might be interested in trading risky coins like meme coin. According to my personal research it would be better to trade altcoins than meme coins

Many people don't follow the development of Dogecoin, which makes it reach such a high price so they think that if Dogecoin gets the latest ATH then starting to buy it now for that target will give very high profits, unfortunately for altcoins no one will ever be able to predict what will happen when Bitcoin is bullish because not always altcoins will go up when Bitcoin is bullish even though altcoins go up but the opportunity to reach the last ath is sometimes not achieved, meme coin is an altcoin and its fate will not be much different when Bitcoin goes up so it's better to stick with BTC than altcoin.

[benalexis12]

Well, to be honest, altcoins or meme coins give me the same profit every day, although it's only a small amount every day, around 4–8 dollars per day, but at least I get some earnings here.

And what I do day trading for which I get a profit is Pepecoin, Dogecoin, Aidoge, Babydoge, and other altcoins are Bittensor, BnB, Sol, and Eth. If I had other extra money, for sure that would not be the only thing I would do trading with every day.

[Webetcoins]

People think that meme coins are a great shortcut to get multiple folds of their investment just because a few altcoins have managed to gain significant success in the past and people think that every single meme coin will be able to do the same thing but it's not true, that's now how it works, because if every single meme coin could achieve the same success, almost every cryptocurrency trader would have been a millionaire by now considering almost everyone must have at least invested a few dollars in one meme coin in their trading career.

So, it's better if you don't think of the high amounts of profit that you potentially can get from meme coins and pump-and-dump coins and focus on real and good altcoins that might take a bit longer but will not drown your investment if the project turns out to be a complete failure at the end.

[BabyBandit]

Doge for short-term? Wait what?! Why the hell is people still suggest investment in Doge for short term? 🤔 Come on guys, together for success not to bring our friends down.
If you looking a short-term investment's and want to EARN MONEY.... Look at the Solana Blockchain right now and and the tokens/coins there. You cant go wrong, You just cant!
Sure Doge can be good and I holding Doge.. but as short term it's not good and it's far better options out there..

Also if you want to start Trading. Focus on tokens in one network if possible, we can take Solana now as a example and find a good wallet where you can swap between the network almost for free.
It will give you fast and very cheap swaps and it's a must for be a successful short-term trader.

If you want send me a PM and I can try to guide you how I do and what works for me.
Will never do commercial for a specific Exchange just speak about trading methods that works.


https://www.coingecko.com/sv/coins/bonk
https://www.coingecko.com/sv/coins/soltradingbot

Perfect for short term, research go in the right time. You will have a good profit.

Good luck OP! I believe in you. 💪

- Regards BabyB. 👼