How do you decide which crypto trade?

[vzroslieigry]

hi folks! How do you decide which crypto or shitcoins to trade each day?

[Dr.Bitcoin_Strange]

hi folks! How do you decide which crypto or shitcoins to trade each day?

Trading random pairs every day is quite risky, some successful traders do not pick new pairs every day to trade, they stick with a specific pair that they have become too familiar with. If you are just a beginners, it's better you stay away from trading shitcoins because the volatility of most of those altcoins will cause you to blow your account. To be a successful trader, you don't even have to trade too many pairs, just 1 or 2 pairs consistently will still give you profit on the long run. Since last year, I have been trading just Bitcoin and XRP.

[Eternad]

hi folks! How do you decide which crypto or shitcoins to trade each day?

I choose coin that shows an indecision on price after a strong dip or pump then open a position in opposite of the trend. This way I can guarantee that there’s a price action on coin that I’m trading instead of being stuck on dead shitcoin.

I consider trading volume as main factor on choosing coin because high volume means many people has interest on trading it.

If you want to trade you need to choose coin that is active.

[cryptoaddictchie]

hi folks! How do you decide which crypto or shitcoins to trade each day?

Im not a day trade but for me I choose a memecoin with good records and smart contract. Something that clean and can be trusted at least without much honeypot or code that might exploit.

Also for fundamental project I pick newer one or fresh cause sometimes its good to be early on that. Lower marketcap with huge potential.

[Franctoshi]

hi folks! How do you decide which crypto or shitcoins to trade each day?

I don't have any shitcoins or memes recommendations for you as I'm not a financial expert, but I would suggest you do your own research to know how you identify latest pumping cryptos, Also if you're a lover of shitcoins investment also get prepared for the high risk which is associated with investing in it because of it volatility,  you can get rich overnight and also can go broke overnight  that's shitcoins for you,  I wouldn't advise a total newbie to start investing with shitcoins first.

[Lida93]

hi folks! How do you decide which crypto or shitcoins to trade each day?

It's simple. You either have to do your technical or fundamental analysis or both on the pairs you're about to trade with and don't just plunge on any coin without running your homework, else you might not have the luxury to trade the next day if you get into the market blindly or out of guts like some newbies does. And just as the first user @ Dr.Bitcoin_Strange noted, you're more likely to earn successfully trade rates by sticking to one or two pairs consistently than trading randomly. Experience thought some of about that.

[Oshosondy]

hi folks! How do you decide which crypto or shitcoins to trade each day?

Learn about price action. Also after price action the coins will fall little in price but even altcoins can fall so significantly. After so much increase, the coin may be resisting to fall, wait if it increase again, then go short with small amount of money that you can afford to lose. These are for shit coins on centralized exchanges, not for the ones that are not yet listed that are more volatile because the shit coins on thee exchanges are very volatile like much.

I trade bitcoin also which I really like.

I trade altcoins like less volatile litecoin and also I trade coins like solana and ether.

[sheenshane]

hi folks! How do you decide which crypto or shitcoins to trade each day?

Ain't good in day trading, and I think I didn't have this good advice, especially regarding shitcoins, which I mostly I don't like.  
IMO, it's all about the price movement of each coin through CoinMarketCap gainers.  I'll wait to see which coins experience a significant drop that I've already been monitoring, and I consider a mix of factors like recent news, market trends, volume, and volatility.  

I also keep an eye on social sentiment and any upcoming events or updates that might affect the price. It’s not just about the coin itself but how the market is behaving around it that day.

Additionally, I check the fundamentals, such as recent partnerships, upgrades, or news that could influence sentiment.  I also monitor social media and community buzz to gauge how investors feel and whether there's hype building or fading.

[hd49728]

hi folks! How do you decide which crypto or shitcoins to trade each day?

The best cryptocurrency for your trading is Bitcoin.

Well, first of all, it's a biggest cryptocurrency in market cap and as a trader, its highest trading volume means a lot for you. With Bitcoin trading, you can have easiest entry and exit that you can not find with other altcoins.

Secondly, by trading Bitcoin, if you trade badly, you can hold it and wait for market recovery later. Even it takes months or 2 years for recovery, I assume you stuck in a bear market, you will not lose money by holding bitcoin as history of market shows that Bitcoin recovers well after all.

With altcoins, the longer holding time you do with them, a bigger loss you will get in return.

Bitcoin has another big advantage, its security of Bitcoin protocol and its very high hashrate so that you have best security with Bitcoin blockchain. You never want to hold a cryptocurrency with its total supply can be changed by minting arbitrarily anytime, or its network can be attacked 51% easily.

[Hatchy]

hi folks! How do you decide which crypto or shitcoins to trade each day?

It's easy mate, you just need to check the amount of traded volume of the token or cryptocurrency you which to trade. You can also use their total market cap as well. They are usually displayed on the coin market, exchange trading apps or any trading app you wish to use. The fact is, don't let those market cap fool you, most of these shit coins having high market cap might trick you and in few seconds it's dumped. So if you must trade shit coins, you have to go for good ones and avoid trying to hold any of them for too long.

[tvplus006]

hi folks! How do you decide which crypto or shitcoins to trade each day?

Over time, it becomes clear that it is preferable to trade bitcoins due to the fact that they have the greatest liquidity and thus have the smallest spread. But nevertheless, I leave a small part of the deposit allocated for trading for new and meme coins, since they, unlike BTC, have a very high volatility, which sometimes allows you to make a big profit.

[salad daging]

Shitcoin - From a small marketcap, this is usually easily manipulated by some whales so we go with the flow - although this is not easy you need to get more in-depth information.

I used to set aside a little money to trade in altcoin memes and look for them to turn into gems but now it's hard, or I myself don't find them anymore, which is called failing even though many memes are profitable.

It's just that now stop day trading more focus on regular BTC purchases.

[tabas]

hi folks! How do you decide which crypto or shitcoins to trade each day?

I decide not to trade that much on these times when there is so much volatility in the market. I am chilling, not worried of what can happen to the market because I've got positioned already and just waiting for some cherry picking time for the profits. If you don't know how to decide what you should trade, you might just consider holding your position and accumulating Bitcoin. There is no need for you think of it any day because that has been a proven and tested strategy that works for everybody and you'd definitely earn from it if you do so.

[BABY SHOES]

It is quite risky to trade shitcoin especially every day, are you ready to bear the risk? Shitcoin is volatile and falls just like that especially in newborn memecoins ... you should avoid this especially if you are still a beginner.

Just trade on top altcoins only, or better invest in bitcoin it would be better and avoid pressure than trading.
because I myself am not a day trader.

[laspol65]

hi folks! How do you decide which crypto or shitcoins to trade each day?

I only believe in Bitcoin, so considering all the factors, I have stuck to Bitcoin.
 If you don't want to face losses, then definitely avoid shitcoin.

[Issa56]

hi folks! How do you decide which crypto or shitcoins to trade each day?

You have to do your analysis yourself before you will enter a trade, I will say everyone is having what they do check out for before they enter a trade, but when it comes to shit coins, I don’t even think there is anything that people that do trade it do lookout for anything, if you are trading shitcoins, then you should know that you are just taking risk, and if you are lucky you going to make money, but I don’t think there is anything to lookout for, but if people trading shitcoins are here, then they should tell me what they are always looking out for.

[Alone055]

hi folks! How do you decide which crypto or shitcoins to trade each day?

I don't trade every day, but when I do, I look at the charts of the top cryptocurrencies based on their trading volume within the last 24 hours and see if there is a possible trading window for me to use. I choose an asset whose chart shows opportunities for profit. I usually do futures, so whether there is an uptrend or a downtrend, it doesn't matter since I can trade in either direction, but as I said, there should be some pattern that suggests that I'm going to get some profit if I make a trade.

If the market is too volatile, I don't trade because it can be dangerous, and you might lose money even if you have a stop-loss in place. I don't like it when my stop-loss gets hit because that makes me want to make more trades so that I at least don't leave with a loss, and that can sometimes make me take uncalculated trades which isn't good, that's why, I skip days when the market is too volatile.

[Patikno]

hi folks! How do you decide which crypto or shitcoins to trade each day?

First of all, I am not a day trader who trades every day. But I think you are asking how to decide which crypto to trade, so I will answer that it all depends on the narrative, hype, community, and backer of a crypto that I will choose, but I think the most important of all is the sc or smart contract to check. That's usually how I look at deciding which crypto I will choose, while for memecoin trading I rarely do it, even so you have to be careful every time you trade altcoins, especially memecoins, because usually the hype is not that long, so it is not suitable to be held in the long term, it is better to choose Bitcoin for the long term because fundamentally it is not in doubt.

[Odogwu-Blockchain]

hi folks! How do you decide which crypto or shitcoins to trade each day?

It seems you are a daily trader, if so then trade bitcoin because it has high volatility and can offer quick profit faster in a day.  Im only telling you this if you are good with analyzing chart, but if not, dont dare try it except you go learning it. If you are looking at long term plan, go to the coingecko and pick out the top 50 coins and buy them.

[Rockstarguy]

hi folks! How do you decide which crypto or shitcoins to trade each day?

For those who trade shitcoins, nothing really convinces them to do so; people only decide to trade shitcoins just to try their luck. Shitcoins are unpredictable, making decisions to trade them very risky.

For coins like Bitcoin, people decide to trade it because of its market value and how low-risk it is compared to other cryptocurrencies. Some traders will always decide to trade Bitcoin because of its prospects for speculative gains.