How do you decide which crypto trade?

[348Judah]

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

No coin will ever appear first to you as a shitcoon, you will first see them with the potential of such that you could invest and make profits, but along the line, you can as well take your investments measures to ensure safety, don't over hype it, don't invest much on it, don't be too quick on investing and lastly , you may have to invest base on what you can afford to lose, decision on which coin to trade is base on our personal interest and what we have seen as a prospect on any coin.

[EL MOHA]

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.

You’re definitely missing the point that the OP is raising, you just said bitcoin is highly volatile which in a general sense beyond cryptocurrency is actually true but in cryptocurrency bitcoin is the least volatile coin and as such isn’t for quick profit, it is the volatility nature of bitcoin among other altcoins that has actually made many traders to trade it more because it comes with lesser risk than trading with Altcoins but doesn’t also brings quick profit like the Altcoins too.

If you are looking at long term plan, go to the coingecko and pick out the top 50 coins and buy them.

I don’t understand this again but I will say it is outta of context of what OP is asking. Do not go for Altcoins as long term plans. But yes top 50 coins are ok for trading but the risk is still the same which is high.

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

For me I first analyze bitcoin and then trade coins which are moving in same direction as bitcoin, how do I filter this coins is by using aggregators like coinglass which gives me details like the open interest on coins, volume of open interest, which coin has pumped the more in less than 24 hours or which has dumped the most. I then use any fundamentals or technical analysis on such coins with coins going same direction as bitcoin my easy picks

[SilverCryptoBullet]

No coin will ever appear first to you as a shitcoon, you will first see them with the potential of such that you could invest and make profits, but along the line, you can as well take your investments measures to ensure safety, don't over hype it, don't invest much on it, don't be too quick on investing and lastly , you may have to invest base on what you can afford to lose, decision on which coin to trade is base on our personal interest and what we have seen as a prospect on any coin.

If people do enough due diligent research, they will know that shitcoins are worse than Bitcoin. Doing a careful research and having enough experience will help people looking for long term comparison rather than short term one. With this careful approach, they will realize that Bitcoin is better and outperforms all shitcoins in long terms such as several years.

Shitcoins are only good or better in very short term like several months or one market cycle but with longer periods like more than one market cycle, they can die.

[Tungbulu]

Quick answer, You don't.
Yeah, as long as you're a trader, you're meant to understand that every single move you make is a risk because trading carries lots of risks and even with the right coin that has lots of potentials like Bitcoin, you could still end up in massive loss trying to trade them.
Although, while there are many people who still believe that the act of trading can be perfected, I still retain my opinion that trading crypto is a completely bad idea and it's important to avoid it as it can be very dangerous and risky.

[uchegod-21]

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

This is not the best way to learn trading. I would advise that you get yourself a trading mentor and also do some thorough research. If you truly understand trading, you will have a defined strategy and will not put yourself in the confusion mode of deciding what coin to trade each day. This is very risky, do not gamble with your trading capital unless you have more than enough to spare.

In a nutshell, learn trading first before engaging actively in it.

[Zoomic]

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

Go to your exchange and check the coins with the highest moving average. I think it is that simple. On binance, there are some tokens marked as seed, those are highly volatile and it is not recommended for newbies.
Also, check news always for newly launched tokens, they make massive movement but you know you have to trade with caution. During this bull run period, there will be along of coins with Hugh daily average moves, but ensure you know what you are doing. If you can be asking how to decide crypto to trade, I do not trust you to be an expert trader.

[btcltcdigger]

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

Follow the trends i guess, haha. I mean, it's not easy, and you SHOULD NOT do it, but if you absolutely must, join dozens of groups and see what the hype is all about.
If you manage to get into the right circles, eventually you'll be able to "sense" what might go up depending on upcoming events

[Makus]

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

I'm not fan of shitcoins talk more of trading shitcoins in a daily basis. If you wish to trade shitcoins then I advise to understand the risk in trading these kind of project most especially since most of them are rug and pull project which where created just for the purpose of scamming holders Like yourself, but if you're aware of the risk you're venturing into then I advise you make your own research, relying on other people interest is the wrong thing to do, most especially in anonymous platforms like this. The developer of a scam project could hit you up and propose their scam shitcoins to you, which would definitely look like a legit coin to hold for a few days or weeks,  but their intent is to rug you and their community, so making your own research is quite important and saves you alot of scams.

[arwin100]

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

Follow the trends i guess, haha. I mean, it's not easy, and you SHOULD NOT do it, but if you absolutely must, join dozens of groups and see what the hype is all about.
If you manage to get into the right circles, eventually you'll be able to "sense" what might go up depending on upcoming events

Yes that's the best approach to do if they really want to trade since trading those stagnant or unknown shitcoins which is not moving well is like beating a dead horse with no guarantee of profitability.

But I rarely engaging on trading now especially on shitcoin scene where meme coins are dominating since I find it to risky and don't have time to monitor also do further research about what's possible best among those shits coming around. If people would just decide to buy Bitcoin and HODL it for sure they would get less stress in life and don't have to worry anything especially if they are scared about possible rug pull or huge dumps.

[Luzin]

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.

Bitcoin has a value that tends to increase. This is not the case with many other coins. It's been proven for decades. So choosing Bitcoin for trading I think is the best option. Holding for a long period of time has a lower risk. Another option might be top altcoins but remember not to hold for too long. I think weekly trading or scalping is pretty good as a trading option. I choose Bitcoin around 80% and 20% for other altcoins. But I'm sure there are other options to choose from, so adjust accordingly. Because I believe everyone has a different way according to their beliefs and abilities. IMO

[Royal Cap]

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

Though I am not a regular trader, then what I have understood so far is that in the case of trading you have to do market analysis.

If you come to the topic of shit coin, then you definitely have to see the hype of that coin. You have to see if it is trending on those few Twitter Reddit or any other social media platforms.If it is trending, then there is a good chance that people will buy that coin. You can buy that coin. But don't hold shitcoin for a long time. Because its market is very unstable.

And if we come to the case of Bitcoin, it is a little difficult to analyze its market because it is the largest cryptocurrency in the world. If you invest, you may initially lose, but in the long run you will definitely have the possibility of making a profit.

[traderethereum]

I am not a day trader but usually, I will watch the market move before I start analyze. That will determine to analyze Bitcoin or altcoins. But usually, I trade both Bitcoin and altcoins at the same time but not too many altcoins.

If I don't find a good altcoin to trade, I will stick to Bitcoin to trade and see if I can make a profit or not. If the market situation is good, I can make a profit although not much.

But I don't force myself to keep trading if I don't see a good move.

[Mpamaegbu]

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

First off, you don't need to trade everyday. All you need is to have a profitable strategy you should stick to.

As for picking cryptos to trade, you've to be skillful at two things and know how to interpret events based on them – fundamentals and technicals. You should be able to know what information from either of those two or both of them are saying on your charts.

Before you trade any shitcoin or memecoin, make sure you visit the project's socials to sieve through information from others. Don't jump into any just because someone you know recommended it.

Lastly, you can track shitcoins on credible exchanges that dipped and find your entries on them after confirming from their socials that those projects are still showing up and there's healthy optimism in their communities.

[Pi-network314159]

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

i wouldn't even advise you to trade crypto or shitcoin because they are traps that makes you lose lots of money. i will kindly advice you to invest into bitcoin and hodl for a very long time. i guess that would be better than gambling your fortune on altcoin or shitcoin. a lot has been said repeatedly about how gambling shitcoin can be deadly and can lead to potentially loss. it will be better you follow the right part or endanger yourself by what you seek.

[CryptopreneurBrainboss]

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.

As traders you don't have to trade every coin listed on the exchange that you're using to trade. You too don't have to trade every shitcoin that you hear about. To decide which crypto to trade has to be after several wekes of research in the coin and making sure that you're picking the right coin to trade. Trading isn't something anyone can just jump into. It has to be thought out to make sure there's no mistake because the distance between a mistake and getting your calls spot on is very narrow. Having few trade is better and this trade doesn't necessary have to be bitcoins. I don't like it when people are trading Bitcoin because what they should be doing with Bitcoin isn't trading by hoarding as they're hodling something better than a gold mine.

[knowngunman]

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

If you can not decide the coin to trade on your own, you're probably not a trader 

Every trader have their preferences when it comes to coin selection for trading and how they approach it. My preferred coin might not be the same with yours and my recommendation will probably got you liquidated.

If you are trader, I would advise you stick to your usual pattern and the coins you are familiar with instead of doing copy cat. Trading is all about profit and it doesn't matter the coin you trade as long as you are realising your profit.

[Pmalek]

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

Very simple. I don't trade! Most traders loss money, be it short-term or long-term. It doesn't matter. Youtubers and so-called crypto influencers are just selling you fairy tales of riches and wealth if you trade daily. Very few have the knowledge, skills, luck, and money to do that.

I also don't buy shitcoins, but focus on increasing my bitcoin holdings. One part of it is personal investment, the rest is earned by working for it and providing services in exchange for BTC.

[leonair]

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

No one can ever predict when a coin will rate. It is a random selection of points to trade through analysis and what kind of profit can be obtained from it. A successful trader never trades with new pairs or new coins. Because trading with new coins is as risky as gambling. Those who talk about new coins think trading is very easy and jump into it. And they lose a lot while trading. Later, they blame crypto without being responsible themselves.

[Zlantann]

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

i wouldn't even advise you to trade crypto or shitcoin because they are traps that makes you lose lots of money. i will kindly advice you to invest into bitcoin and hodl for a very long time. i guess that would be better than gambling your fortune on altcoin or shitcoin. a lot has been said repeatedly about how gambling shitcoin can be deadly and can lead to potentially loss. it will be better you follow the right part or endanger yourself by what you seek.

Some traders claim that it is easier and faster to money trading shitcoins than Bitcoin. This has made many impatient investors buy altcoins to make quick returns. But most of these social media influencers might not inform the public that it is risky and they can also lose money easily. 

You need to master altcoin trading before investing. And it is also ideal to invest small funds to avoid massive losses. I will suggest that you focus on buying and hodling Bitcoin since it is less risky and require little or no specialized skills.

[Peanutswar]

It depends on the trade, could be a long term and short term trades. In long term I keep an eye with the bitcoin of course I will do wait for the next bear market just waiting for the right time, I made already TP on this cycle so another set of investment is a must an ideal to wait. For the short term trades depends on the possible movement of the market tokens, if there's an opportunity on the next trend I will make a trade on this but of course it varies on the time frame I do often check with the 1H to 4H time frame to make sure there's a progress on my trade less than that I don't because I'm not good at it. Currently keeping an eye with the SUI, BTC and of course ETH.