Short Term Trading Altcoins and Meme Coins?

[fauzan Ichsan]

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.

Trading on meme coins requires extra caution, especially if we use large amounts of money, of course the risks will be very high. On the other hand, the meme coin's habit of pumping and dumping is like doing a lottery. You can imagine that if greedy people bought the top and the price fell into a ravine, of course their psychology would be in disarray. This has happened to meme coins, where after the market dump there were still many people who hoped that the coin would recover

[gunhell16]

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.

Trading on meme coins requires extra caution, especially if we use large amounts of money, of course the risks will be very high. On the other hand, the meme coin's habit of pumping and dumping is like doing a lottery. You can imagine that if greedy people bought the top and the price fell into a ravine, of course their psychology would be in disarray. This has happened to meme coins, where after the market dump there were still many people who hoped that the coin would recover

Even with altcoins, there is a need for caution as long as the only thing that is important, as far as I know, is that we know how to trade the right altcoins and meme coins that can help give us profit either daily or long-term.

Now, to make sure you always choose the altcoins that are in the top 20 listed in the market, and the same with meme coins, so that your capital investment in them is not at high risk in the end. And above all, you must also have deep knowledge of crypto trading.

[pinggoki]

Not advisable to trade with altcoins, it would be much better to look out for new altcoins that have a potential because those are will probably yield you a better profit since they'll definitely experience a pump and then they will dump and never come back again, that's a symptom that's prevalent on a lot of altcoins so rather than trading an altcoin that's been established long ago, you can utilize the potential of upstart altcoins, that's what I did during the NFT craze.

[armanda90]

Short term trading for altcoin exactly with meme coins seem Doge coin is the best choose, today Doge coins success pump above 20% from lower price around $0.08746 to highest price until $0.10645 and looks more promising profitable earned for meme coin in short term. but don't be greedy when trading in shit coins exactly Doge price pump and dump just in short time if more patience waiting get more higher you will loss opportunity to earn profit with meme coins.

Regarding with other list of meme coins I think Doge coins is most faster and good opportunity with short term trading, many other meme coins get an hype moment when up and down but need longer time earn much profit with meme coins except Doge. Actually when have good news if Elon Musk make new tweet about Doge coin will make price pump drastically but in short time.

[stomachgrowls]

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.

Trading on meme coins requires extra caution, especially if we use large amounts of money, of course the risks will be very high. On the other hand, the meme coin's habit of pumping and dumping is like doing a lottery. You can imagine that if greedy people bought the top and the price fell into a ravine, of course their psychology would be in disarray. This has happened to meme coins, where after the market dump there were still many people who hoped that the coin would recover

Very extreme caution on which it isnt really just that having that simple caution because the risks is really indeed high but we know that there are really people who would really be that much prepared when it comes on taking risks on which they do know that there's really a chance that you could really be able to get that huge amount of profit once you do able to hit up the right coin specially if there's some whales that would really be playing into that coin on which it would really be that resulting into that huge amount of profits but of course it would really be that similar to gambling specially on dealing with meme or shitcoins in the market
which usually been listed on DEX.

Even myself did really have that kind of experience on which i did make multiple folds of investment but on the time that you do go forward then expect that there would really be
multiple losses specially if you do find yourself on investing into projects which it did really ends up on being a rug pull.

[Fara Chan]

Trading on meme coins requires extra caution, especially if we use large amounts of money, of course the risks will be very high. On the other hand, the meme coin's habit of pumping and dumping is like doing a lottery. You can imagine that if greedy people bought the top and the price fell into a ravine, of course their psychology would be in disarray. This has happened to meme coins, where after the market dump there were still many people who hoped that the coin would recover

By now, almost everyone probably knows that it will be quite difficult for meme coins to return to a better price after experiencing a serious fall in the market. Even at certain moments or moments like now, there are not many meme coins that are developing better in terms of price, especially in very ordinary conditions. So it certainly wouldn't be reasonable to expect a big increase in meme coins if their prices have collapsed due to dumping by many parties into the market. That's why I'm still not too brave to trade with any meme coins right now.

[tjtonmoy]

Op your post seems to focus on only one thing and that is profit. You are willing to lose every other investment and willing to make a profit out of only one. That's not how it should be. At this point, it seems like you are just gambling. You are betting on multiple coins and hoping that you will eventually hit a jackpot with one of them. You need to understand that many other things go into trading. You can, if you are lucky, hit a jackpot in that process but when you have the opportunity to maximize your profits and minimize your loss, why give up on that?

Learn risk management. It is a very crucial thing in trading. Also trading altcoins and meme coins is very risky. You need to be able to follow the trend and hype and take action based on those things. It takes practice time and many other things. Don't focus on profit yet if you haven't learn all those things.

[jerry0]

In the last few months, can anyone name me regular altcoins that 5x or 10x?  Are there any that 25x or 50x or 100x? 


In the last few months, what about memecoins that 5x or 10?  Or 25x or 50x or 100x? 



There are obviously tons of more 25x and up in the memecoins correct?  The thing is if you buy memecoins, like 99.9% of these coins are basically coins you trade short term correct?  Like the only memecoins throughout the years that has still been around is dogecoin.  And maybe shiba inu?  All those other memecoins seem to be coins that if you buy, you basically have to sell it within few months at the most?  Many probably a week maybe?  It seems memecoins are almost all pump and dumps correct?  So just find some and as long as you make whatever x amount, then get out?  That is what I mean by trading memecoins.


What site can you find out about new altcoins before they suddenly show up in the top 100 in coinmarketcap though?



Are there people that short term trade meme coins?  I assume very few if any and most of those traders lose right?  It should be majority altcoins and very little memecoins?



Also what exchanges must you have access to?  If you can only use coinbase and gemini... you have to be able to use uniswap or pancakeswap right?  Even if you can't use binance, then it's still fine as long as you have those memecoin exchanges?

[Hamza2424]

Hmm, OP AFAIK, most of the investors avoid my coins and some of the investors avoid the Altoins below the top 30 list, but as a short-term trader I can say that there is risk in trading meme-coins but still have a small portion of the portfolio in meme coins be highly rewarding as you know how much shib rewarded the early investors.

The point of consideration is here in meme coins and altcoins you need to be always active in booking profits, otherwise it can be a major hit to your portfolio, Hunting the hidden gems in the Altcoin market is not wrong but a proper risk management and strict strategy execution is required because saving profit and cutting loss both are equally important in such coins. Due to some kind of development hype, you cant predict a long-term bullish scenario for any Altcoin unless they are capturing the real-time market or providing an extra-ordinary service in the industry.

In the end, I've also encountered some of traders who belive that old is gold in the altcoin market I would like to express my stand on it, yes old is gold but moving wit the trend is also important, consider very recent examples, TIA, FILECHAIN, ORDI.

[bitLeap]

Op your post seems to focus on only one thing and that is profit. You are willing to lose every other investment and willing to make a profit out of only one. That's not how it should be. At this point, it seems like you are just gambling. You are betting on multiple coins and hoping that you will eventually hit a jackpot with one of them. You need to understand that many other things go into trading. You can, if you are lucky, hit a jackpot in that process but when you have the opportunity to maximize your profits and minimize your loss, why give up on that?

Learn risk management. It is a very crucial thing in trading. Also trading altcoins and meme coins is very risky. You need to be able to follow the trend and hype and take action based on those things. It takes practice time and many other things. Don't focus on profit yet if you haven't learn all those things.

We can spread a net anywhere and then hope that a big fish will come and get caught there, but the problem with investing is that it's different from how we catch fish. Yes in investment there are things that we really need to pay attention to, I prefer to focus only on one point and I maximize there. For example, focusing on bitcoin alone and continuing to collect it, I'm not saying you can't buy other coins, but with a small capital like me, then I think it's better to focus on just one point as I said before, and we must really choose coins that can be very trusted.

[Peanutswar]

Like the others who keep waiting for the early investors of meme coins or altcoins people tend to buy as early as possible and make an immediate exit reason why its only good for a short-term investment check and observe other meme coins released already, they didn't reach too much high after the 10 mins release mark of the hype and until now most of them doesn't have a good or sign for movement. Beside from bitcoin those are now centralized so at the end of the day your goal is to have profit not to baby sit a coin who does not have a fully authorized with the move of it.

[Uruhara]

I don't trade Memecoin much. But I prefer to look at altcoins that are currently trending, such as AI type altcoins that have made me a lot of profit. But I don't like doing short term trades. I prefer to buy when there is an altcoin that is rumored to have a big event or big announcement. And I will buy when the rumors start to spread. And when the event actually comes and people start FOMO then that's when I sell it and make a profit. But not every time there is an altcoin that I can enter. Because big events rarely happen. So you could say I only trade in my spare time. Because sometimes I'm busy with my own work in the real world. But recently I read about one of the Memecoins being talked about by a forum member on a local board. And I started researching it but unfortunately the price has started to rise. So I don't dare enter at this time.

[Aanuoluwatofunmi]

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 you're buying or investing on memecoins, then be ready to take the consequences that may follows, they are very volatile and can rise within a shortest time and also fall the same way they rise, this is why we are expected to make a proper research about any memecoin before investing, some are reliable and profitable while some are not, when you loose an investment on one which fails, the gain you stand to get if the other one rise is far much higher than you have experienced when you had the loss.

[el kaka22]

I agree that it's a tough business to crack into and that is why not everyone has the same approach to it, but we need to be able to control ourselves not to fall for this trick, if you get in once then you are going to be happy to make profits and you will think that it's sustainable and you will lose it all when they crash. Too many people lost all their money with stuff like doge, you may have seen it peak at 70 cents, and you may think that's lovely but it has also gone down to 6 cents and less after that as well.

How do you know you will be one of the people that buys at 3 cents and sell at 70 cents? What if you are one of the people who bought at 70 cents and sell at 6 cents? I think that's not ok and you should be very scared about it, and avoid it if you could, that would be better. The temptation is there without a doubt, and you are going to end up with a lot of trouble if you are not careful, but if you keep on insisting on this, you are going to end up with a lot of trouble as well.

[leonair]

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 you're buying or investing on memecoins, then be ready to take the consequences that may follows, they are very volatile and can rise within a shortest time and also fall the same way they rise, this is why we are expected to make a proper research about any memecoin before investing, some are reliable and profitable while some are not, when you loose an investment on one which fails, the gain you stand to get if the other one rise is far much higher than you have experienced when you had the loss.

Trading in Meme coin is risky and when you go to trade with it, you can't predict success very easily because its price never rises at a normal rate.  But if you look at other altcoins, you will see that some altcoins have a lot of potential and market value and demand. You can generate a lot of profit by trading them or holding them for a long time.  So I would definitely recommend trading altcoins instead of Meme coins.  I am not giving financial advice to anyone.  But I think that altcoin is more potential than Meme

[AnonBitCoiner]

I will suggest that short term trading should be avoided because it is risky and if you want to buy doge coin then hold it until new Bull run initiates. Remember that altcoins are not trustable but some of them can offer you revenue like that of etheruem, ADA and solana. Other coins are also available here beside meme coins so you can choose bitcoin which contains little risk and your money will also be save in bitcoin.

Everyone will suggest you differently but what I think is that trading cannot allow you to decide longer therefore if market is not well then there will be a probability that your money will be at risk. Choose bitcoin because you will see the price of bitcoin that it crossed the value of 43k$ this year. If you are interested in meme coins then Doge is a better opportunity that can create an excessive profit for you.

[justdimin]

Op your post seems to focus on only one thing and that is profit. You are willing to lose every other investment and willing to make a profit out of only one. That's not how it should be. At this point, it seems like you are just gambling. You are betting on multiple coins and hoping that you will eventually hit a jackpot with one of them. You need to understand that many other things go into trading. You can, if you are lucky, hit a jackpot in that process but when you have the opportunity to maximize your profits and minimize your loss, why give up on that?

Learn risk management. It is a very crucial thing in trading. Also trading altcoins and meme coins is very risky. You need to be able to follow the trend and hype and take action based on those things. It takes practice time and many other things. Don't focus on profit yet if you haven't learn all those things.

I think calling it gambling is quite true, it doesn't really feel like it should be something that would be all that bad, we should consider the situation better than expected. I hope that it could get to a point where it should be something that would be way too risky to do something like this. I understand that we may have some trouble one way or another, but that doesn't mean that we are going to end up with a good profit if we followed this situation as well. We should be considering this situation as beneficial only if we know what we are doing and we should avoid taking bigger risks.

I understand that we are going to end up with something that should be less risky and more long term holding if we want profits as well. I get that we are not going to be all that much weird, after all long term holding has been historically the most profitable thing, you should try to look into that, not try and do stuff that are as risky as OP has mentioned, so I agree.

[Uruhara]

I will suggest that short term trading should be avoided because it is risky and if you want to buy doge coin then hold it until new Bull run initiates. Remember that altcoins are not trustable but some of them can offer you revenue like that of etheruem, ADA and solana. Other coins are also available here beside meme coins so you can choose bitcoin which contains little risk and your money will also be save in bitcoin.

Everyone will suggest you differently but what I think is that trading cannot allow you to decide longer therefore if market is not well then there will be a probability that your money will be at risk. Choose bitcoin because you will see the price of bitcoin that it crossed the value of 43k$ this year. If you are interested in meme coins then Doge is a better opportunity that can create an excessive profit for you.

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.

[shawonngp]

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.

How possible to earn everyday? and how much fund you investing in meme coins? Market is growing so i think this is good time for short term trading, I get profit in Ethereum and Sol, but I didn't invest in meme coins because i have no extra dollars to take a risk with meme coins.

[jerry0]

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?