Short Term Trading Altcoins and Meme Coins?

[fullhdpixel]

Greed in trading is a trader's downfall - that is the reality of many traders' experience. Professional and experienced traders may not trade all the time - they take advantage of the momentum and make the expected profits. There are good opportunities in the market if traders can analyze it well – but of course with established risk considerations.

Expecting consistent profits in trading is difficult - but when traders can capitalize on momentum, they can accumulate profits within a day. Of course this is easy to say, but much more difficult to implement.

That's the point, and a lot of new traders don't understand this thing. They might gain all the knowledge but they don't understand that making many trades doesn't always mean getting more profit, and a trader needs to make only the trades that they are confident about and know they can take some profit out from it, otherwise, you will just waste some of your money because even if you have a stop-loss at the place, you lose money if it's triggered.

So, it's important to only make a limited number of trades so that you don't risk losing money unnecessarily. Choose your cryptocurrencies wisely and place your orders after thoroughly analysing the market and the upcoming opportunities. If you lack knowledge, gain that first as it's important for a trader.

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[bettercrypto]

For me, it probably depends, because I have altcoins that I want, and I also have meme coins that I want to hold for the bull run that is coming this year. Because in truth, we can get the same earnings from these two, so if we can get a profit from these two, why would I buy from them if I can have the same?

Then I'm not just focused on holding on to one meme, coin, or crypto. I believe that there are potential altcoins and meme coins in the market; in short, they cannot be separated from the market and can provide good savings in the future.

[AnonBitCoiner]

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%

Yes if we invest little amount in some coins like Doge coin, Solana and others then there is no bad thing related to it because the price will soon go higher and we are in thoughts that during Bull season all coins whether they are low or higher in price will skyrocket.

Bull season will be profitable for all individuals so if someone has not made any investment yet should start gathering beneficial coins like Doge coin. Now the market is not so much dump but it will go higher more than this in coming months and price of dogecoin will also show same pattern.

[Ben Barubal]

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

     At the point where you said that what you mentioned is true, we just don't know if what Elon did here in Dogecoin will happen again. So maybe many people are still hoping that Elon Musk will do the same thing he did before with Dogecoin.

     Of course, Elon knows that he can control the price of Dogecoin; just one post on Twitter stating that he is also the holder means that he will earn millions of dollars again because of Dogecoin, and it is also possible with Shib if he wants. But, of course, let's see.

[Tahid12]

Right. Not a bad idea and i already did that. some memecoins are pumped due to fud and will vanished! So that could risky cause these pumped memecoin can down anytime and you don't know if they'll get back again or not. You don't know their pick price. So that'll be risky. But holding ideas of 5memecoins are good. But for that, better top choice good memecoin. Atleast these which don't pump and pump 4-5x within hours. Doge shiba bonk could be an example

[poodle63]

For me, it probably depends, because I have altcoins that I want, and I also have meme coins that I want to hold for the bull run that is coming this year. Because in truth, we can get the same earnings from these two, so if we can get a profit from these two, why would I buy from them if I can have the same?

Then I'm not just focused on holding on to one meme, coin, or crypto. I believe that there are potential altcoins and meme coins in the market; in short, they cannot be separated from the market and can provide good savings in the future.

its true that the profit made usually just around the same I mean a meme coin could be rising 100x an altcoin could do that too, it just depends on the coin itself.
but sometime when we are talking about risk then its different matter altogether, the risk with meme coin might be higher, the price swing due to the pump and dump is massive with meme coin.
meanwhile with altcoin at least it still got that fundamental to keep the price from going to zero but with meme coin anything can happen.
so when deciding which to invest whether its meme coin or an altcoin we should be taking about the risk more than talking about the profit.
honestly speaking, most of altcoin that we see right now such as eth, bnb and solana all already have as massive gain as those meme coin if not more.