Trading Low Liquidity Altcoins

[lixer]

I searched PulseX and found it Coimnarketcap and Coingecko, It is not listed in Mexc exchange so how can find it on this exchange? You can check first your country is restricted in gate.io if not then try to reach their customer support, they are very responsible to help you. PulseX listed many unknown exchanges, 1. safetrade and 2. PulseX exchange may be it their own exchange.

Yeah PLSX seems like a new coin to me and is for the exchange these should be exchanged very carefully. Not listed on good exchange sites. PulseX presents itself as an innovative platform outlining a new paradigm for decentralized exchange. Leveraging liquidity pools and incentives for liquidity providers, PulseX aims to provide an efficient and profitable exchange solution for PulseChain users. There are own exchange sites and they establish themselves.

For you it's new because maybe you just heard it here but for me, it's not, because I already heard it before. Though yes, we need to be careful on dealing with it because there are talks that the coin is shady and the people behind it have a shady background as well. Maybe this is the reason why they choose to get listed on their own exchange and then on some unpopular ones because it's easy to do manipulations there.

But, I doubt if will they ever get approved if they propose their project to get listed on a better exchange. However if they do, then they might attract more people. This is a wrong initiative though. When investing, we should also consider other factors.

[1715368649]

1715368649

[tvplus006]

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed). ..

Despite the fact that you understand the risks that come with trading the PLSX coin, you are nevertheless trying to find a workaround to try to trade it. It may be easier for you to find another coin to trade, especially since the market presents a huge variety of coins to your attention.

[JeffBrad12]

But there are many potential altcoins in the market you can buy with low price and have hope of winning something big from your trade, when the price increase higher in the future. I believe you know that this altcoin you mentioned is not common in the exchange market and it will put your money in risk that will make you to regret for investing in new project that is not popular in the market. There is no way you will invest in Bitcoin, Ethereum and Solana you will not achieve a good income that will motivate you to invest in another time because their teams are very active to make their traders rejoice.

a coin that hasn't listed in cex to be frank, always have that risk of lacking liquidity even for cashing out sometime its just not possible thats why investing in altcoin with low liquidity i think is always a bad idea because there's just no guarantee that there will be liquidity, also the devs could remove liquidity they provided anytime.
to be frank here, cex has standard of listing the coin they think deserving to be listed, and im talkng about good cex with reputation, if a coin doesn't make it, then I doubt its that good.
at least get listed in a cex and see how things going and then i will try to invest, otherwise if its full blown only available in dex i think i will pass.
because there are simply too many things that could be happening if we invest some big amount to it, rug pull for example, we can't really audit the smart contract by a glance can we?

[Inwestour]

a coin that hasn't listed in cex to be frank, always have that risk of lacking liquidity even for cashing out sometime its just not possible thats why investing in altcoin with low liquidity i think is always a bad idea because there's just no guarantee that there will be liquidity, also the devs could remove liquidity they provided anytime.
to be frank here, cex has standard of listing the coin they think deserving to be listed, and im talkng about good cex with reputation, if a coin doesn't make it, then I doubt its that good.
at least get listed in a cex and see how things going and then i will try to invest, otherwise if its full blown only available in dex i think i will pass.
because there are simply too many things that could be happening if we invest some big amount to it, rug pull for example, we can't really audit the smart contract by a glance can we?

Investing in such tokens is a big risk, I agree with this, but for trading they can be acceptable, besides, when a pump occurs on such alts, then during the period of such activity the volumes grow very well and there will be no problems with liquidity either. And for investing, I wouldn’t risk picking up such alts, it’s too risky for me to decide to invest my money in it.

For long-term investment, we have Bitcoin, this is an asset with which I will always feel confident, so why should I create risks for myself that could harm me.

[leonair]

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

You not mentioned the full name of PLSX I found one coin on coinmarketcap is PulseX and it is a DEX platform and this token is not listed on any centralized exchange like MEXC. So if you want to trade this token you need to use DEX and you can swap tokens using PulseX exchange. this token has a market cap of $6.85B and a daily trading volume of over $3M according to coinmarketcap data, but I don't think it has much potential so I'm not in favor of trading it.

[Huppercase]

Investing in such tokens is a big risk, I agree with this, but for trading they can be acceptable, besides, when a pump occurs on such alts, then during the period of such activity the volumes grow very well and there will be no problems with liquidity either. And for investing, I wouldn’t risk picking up such alts, it’s too risky for me to decide to invest my money in it.

For long-term investment, we have Bitcoin, this is an asset with which I will always feel confident, so why should I create risks for myself that could harm me.

Crypto has a liquidity challenge in general, even Bitcoin isn't exempted from this problem. It's not like the traditional market that are very liquid and don't break down on pressure. I'm going to use one for example, Jeff Bezoz wife announced last week that she is going to be selling about 50 millions shares of Amazon, it was intentional and she needed liquidity and the announcement didn't shake Amazon price but if that happen to crypto, you will see immediately that people will start selling.

Bitcoin also has the same challenge. When coins hat are mine many years ago are unlock, people start to panic for no reasons, even if it is as little as 10 BTC, they worry that something is about to happen or maybe even the shorters are always happy about this so they can make money. We need confidence to reduce these challenge and help ourselves so that these market and panic will disappear forever.

[tvplus006]

...Jeff Bezoz wife announced last week that she is going to be selling about 50 millions shares of Amazon, it was intentional and she needed liquidity and the announcement didn't shake Amazon price but if that happen to crypto, you will see immediately that people will start selling...

You've got it all mixed up) It's not Jeff Bezos' wife who's going to sell 50 million shares of Amazon, but Jeff Bezos himself - https://www.reuters.com/business/jeff-bezos-sell-50-mln-shares-amazon-by-jan31-next-year-filing-2024-02-02/ In addition, the total number of shares will not be sold at a time, but in equal parts during 2024. Thus, the pressure on the price, which could lead to its decrease, will be eliminated.

[AakZaki]

Despite the fact that you understand the risks that come with trading the PLSX coin, you are nevertheless trying to find a workaround to try to trade it. It may be easier for you to find another coin to trade, especially since the market presents a huge variety of coins to your attention.

Yes, there are more coins that are more profitable to trade. But maybe the OP has the coins from an airdrop or it's just a trap coin sent by a scammer. You need to be careful because anything could happen. If the coin is not listed on any exchange do not try to sell it, there will be no volume and no profit.

[ShowOff]

Despite the fact that you understand the risks that come with trading the PLSX coin, you are nevertheless trying to find a workaround to try to trade it. It may be easier for you to find another coin to trade, especially since the market presents a huge variety of coins to your attention.

Yes, there are more coins that are more profitable to trade. But maybe the OP has the coins from an airdrop or it's just a trap coin sent by a scammer. You need to be careful because anything could happen. If the coin is not listed on any exchange do not try to sell it, there will be no volume and no profit.

There are thousands of altcoins that already have trading pairs on various exchanges, all in a long list for various categories here:

Top Crypto Categories By Market Cap

Altcoins with low trading volume and low market cap tend to be a trap for investors. Most will just end up being scams and others will fail to develop, but people always bet on luck even if it's only on a low budget. I don't like doing it, but some investors actually get huge returns this way. Of course not everyone will get the same returns as each other, but they can do so at their own risk.

[wxa7115]

a coin that hasn't listed in cex to be frank, always have that risk of lacking liquidity even for cashing out sometime its just not possible thats why investing in altcoin with low liquidity i think is always a bad idea because there's just no guarantee that there will be liquidity, also the devs could remove liquidity they provided anytime.
to be frank here, cex has standard of listing the coin they think deserving to be listed, and im talkng about good cex with reputation, if a coin doesn't make it, then I doubt its that good.
at least get listed in a cex and see how things going and then i will try to invest, otherwise if its full blown only available in dex i think i will pass.
because there are simply too many things that could be happening if we invest some big amount to it, rug pull for example, we can't really audit the smart contract by a glance can we?

Investing in such tokens is a big risk, I agree with this, but for trading they can be acceptable, besides, when a pump occurs on such alts, then during the period of such activity the volumes grow very well and there will be no problems with liquidity either. And for investing, I wouldn’t risk picking up such alts, it’s too risky for me to decide to invest my money in it.

For long-term investment, we have Bitcoin, this is an asset with which I will always feel confident, so why should I create risks for myself that could harm me.

If an asset has a volume that is too low then we must avoid trading it too, and this is because if you decide to ignore the low volume and trade the coin anyway, a whale could always try to manipulate the coin.

But this is a movement that will not show on the charts until it actually happens, so you have no way you prepare yourself for it and sell before it happens, and this implies that even most coins on the market are too risky to trade and must be avoided.

[AakZaki]

There are thousands of altcoins that already have trading pairs on various exchanges, all in a long list for various categories here:

Top Crypto Categories By Market Cap

Altcoins with low trading volume and low market cap tend to be a trap for investors. Most will just end up being scams and others will fail to develop, but people always bet on luck even if it's only on a low budget. I don't like doing it, but some investors actually get huge returns this way. Of course not everyone will get the same returns as each other, but they can do so at their own risk.

People who always bet face high risks and with high profits, they have prepared everything including mentally and the money they will lose. Even though they use a small budget, some coins provide extraordinary profits. There are many examples that actually happen, such as $PEPE which was initially very cheap, but with strong community support and a lot of hype, a $1 investment could even generate thousands of dollars in just a few days. This is really crazy, but in crypto everything can happen overnight.

[Webetcoins]

Bitcoin also has the same challenge. When coins hat are mine many years ago are unlock, people start to panic for no reasons, even if it is as little as 10 BTC, they worry that something is about to happen or maybe even the shorters are always happy about this so they can make money. We need confidence to reduce these challenge and help ourselves so that these market and panic will disappear forever.

Well, what's the fun if there are no sudden movements in the market providing short but profitable trading windows to day traders? I mean, I know it's not fun for those trading in the futures market and have longed for certain cryptocurrencies, but there must be some spice in the market all the time, otherwise, it starts to get a little boring. Remember the time after March 2023 when Bitcoin became completely stagnant at around $30K? That was a boring phase, no doubt about it.

That being said, I don't want the market to stop reacting to news and events because I believe that's what makes it fun. However, I know that sometimes it gets too severe and that shouldn't happen, but I think the market is now becoming more mature over time, and public reactions aren't as severe as they used to be in the past.