Are People Still Trading Altcoins?

[jerry0]

I have never traded before so I'm curious.


A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?


By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins.


Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.


Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

[joniboini]

Well, alts going 10x is never gonna happen when the market is so bearish. If your category is limited to finding 10x token, I don't think asking whether people still trade altcoin is right.

I'm sure aggregators like CMC will show you how much volume exist for those small MC altcoins, including memes. As far as I can tell they're not dead, so people must be trading them. If you're talking about DEX, they're obviously still there even though the volume has decreased.

If good means can they perform 10x, wouldn't those who do that already peaked by now?

[jerry0]

I don't mean just beat markets but I mean overall including bull.  Back years ago you recall how many people buy altcoins to trade and those coins went up or down a lot of percent.  There were lot of meme coins.


Do people still do that type of trading now or not?  Are there even any new coins now that come out?  I remember back then there were like Cryptocurrency IPO's but do those even happen much anymore?  If they do, do people care?


Back then there were tons of altcoins.  What about now?  What about memecoins? 

[Rruchi man]

A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?

It requires a level of expertise to be able to trade altcoins that are not very popular, especially the very new ones that are very volatile. You can still be very profitable trading the coins that you are very conversant with; as a matter of fact, your chances of being profitable are better with your knowledge of the coin that you are trading, and if it's an altcoin that is among the popular ones, there is no need to try to switch to something less popular because you heard others claiming it to be more profitable. You just need to focus on what you know because that is the best way to become successful in trading and keep things simple instead of focusing on every piece of information in trading and complicating things for yourself.

[jossiel]

The timing is bad to think that there will be alts that can go 10x at this season. We're in a bad season but it's not that bad to accumulate this time.

And you asking for exchanges, there are a lot of them to be honest and they can still make you money if you're a good trader.

Are there new coins that are even good anymore?

Most of the new these days are bad.

[BitMaxz]

Are you trying to say a coin or meme coin that can make more than 10x during hype like Shiba Inu?

I don't think you can easily find them, and given that the market is currently bearish, I don't believe there are any coins that could pump against Bitcoin unless it was a new project or coins.

When I'm looking for altcoins to trade, I use Coinglass, which displays which coins are actively traded or what the majority of traders are trading. Previously, I only focused on the top 20 coins, but now I'm looking for coins in which the majority of traders trade.

So try the Coinglass in liquidity tab; it should pop up all the coins that were mostly traded recently.

[Bitcoin_Arena]

Of course people still do trade them. Why not?

Just check out exchanges and see the trending coins and then the trading volumes. Do you think they just came out of nowhere?
Also try coinmarketcap and coingecko

[rat03gopoh]

A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?

If greed still prevails in the crypto industry, why not? Shit coins still have a market and fans, they are still trading to day

Well, alts going 10x is never gonna happen when the market is so bearish.

You need to see this... https://bitcointalk.org/index.php?topic=5584798

[Cryptoprincess101]

Of course, there are people who are still trading on altcoins because they want short term profits, just that most altcoins are not experiencing high volatility now, probably because of the bear season because i could remember when the price of bitcoin was skyrocketing during the bull run, most altcoins also followed suit and as the price of bitcoin depreciated, most altcoins also got affected as well. I think there are still altcoins that has increased by x10, but they are very few of them and hardly to spot.

[TastyChillySauce00]

They still trade but 10x is scarce, the only altcoin that is doing 10x is the manipulated ones where team holding 99% of the coin and manipulate the market around to ensure derivative traders are having a bad day.
There is still some altcoins that is good for trade, even suitable for an investment but majority has become trash.

Have you seen how bad altcoin dump recently?

[Jaweria parveen]

Of course, there are people who are still trading on altcoins because they want short term profits, just that most altcoins are not experiencing high volatility now, probably because of the bear season because i could remember when the price of bitcoin was skyrocketing during the bull run, most altcoins also followed suit and as the price of bitcoin depreciated, most altcoins also got affected as well. I think there are still altcoins that has increased by x10, but they are very few of them and hardly to spot.

They are not greedy for large capital and are afraid of decentralized coins because their market goes up and down more quickly and with the amount of investment they make, they can accumulate enough Altcoin tokens and make good profits. At this time, the price of Bitcoin is also low and the conditions are not very good, which is why this is happening, but it is a few months late and if the price of Bitcoin also becomes good, people will also move towards it. But their number is not large and there are only a few coins that are doing this, otherwise those that are going to reverse it have stilled themselves and will gradually increase the price so that those who are investing in it lose patience and leave.

[Alpen]

I have never traded before so I'm curious.


A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?


By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins.


Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.


Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

To be honest, there is no strict definition of what a memecoin is. You could easily argue that even Bitcoin is a meme—it is just as globally recognized as any viral internet meme.

Generally speaking, an altcoin is a cryptocurrency with its own native blockchain, like Ethereum. A memecoin, on the other hand, is usually just a token issued on someone else’s network.

I trade altcoins consistently, but I make sure to sit out crypto winters. I start accumulating them near the tail end of a market downturn. This cycle, I began buying in April and plan to keep building my positions for the next two years.

You can see my performance in the screenshot; I always benchmark it against the BTC trend. Since my first altcoin purchase, Bitcoin has dropped 15%, while my portfolio is up 5%.

My biggest gain came from the MemeCore (M) memecoin, while my heaviest loss was from the UNI DEX token.



If I had gone all-in on memecoins, I’d be deep in the red right now. While a few select coins might pull a 10x, 99.9% of them end up dropping to zero. Large-cap altcoins are far more predictable, making it much easier to make consistent money.

[maydna]

People still trade altcoin because they see the chance to take bigger profit besides of trade Bitcoin. But that is risky, they need to identify which coin that will increase but they don't know for sure. Only analysis that will helps you to get the coin but that doesn't guarantee you to have the right coin.

I could only suggests you to use money you can afford to lose and not too big because the risk of losing money will be there. But I can't suggest you which altcoin, memecoins or tokens that could increase, no one knows for sure. New coins could be good but still that is gamble as you don't know if the coins can increase shortly or disappear.

[YOSHIE]

Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

I live in an environment where they generally focus on trading in the crypto market, what I see is that they no longer focus on trading Altcoins, but there are those who focus on tokens from utility projects, whether they look at it from the ecosystem development side or other things, in short they are no longer interested in Altcoins.

In my view, currently many altcoins are dead, the opportunity for a rally no longer exists, unlike the previous era such as 2010-2020, that is a different story, compared to the current Altcoin cycles, Basically what I see is that investors are more focused on trading centered on Bitcoin and Ethereum. They think that currently that is the mainstream crypto in trading, I also think so.

[snowpega]

...
Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.


Are people that traded altcoins a lot a while back still able to do this anymore or not?  Are there new coins that are even good anymore?

Are you talking about altcoins or shitcoins? Shiba is a shitcoin in my point of view that can wash your wallet based on a pumping-dumping scheme. As compared to this, one should always go for the Top 10 or 20 coins in the altcoin market for trading purposes. As investing or trading in altcoins is a very picky thing, and for that one needs to be perfect in doing TA (Technical analysis) and FA(Fundamental analysis). Good research is required before taking any entry for trade, which is why it is a very picky part of investing in the altcoin market.

You are just so like me. I also don't trade altcoins in a short time frame, but yes, at this time, I am holding some altcoin projects in my spot wallet, and all of them are in the Top 20 or 30. Well, this is my point of view, not any advice to follow, and in such case I always recomend other to stay intact on thier own research. DYOR!

[Asuspawer09]

There is a movement in the market price, as you can see if you check it even every second there are movements in the prices of altcoins in the market that just means that there are investors that is buying in and selling out the tokens movements is also a evident of that. But for sure there weren't a lot of huge movement these days because of the bear market, and it was just a normal thing for sure, when the market is on bear market there was not a lot of liquidity that is going in, so initially investors and traders and not making a huge lot of money since there was no movement in the market, making it difficult to make profit.

If the traders are not making a lot of money, they wouldn't really going to trade a lot in the market because they dont have the money to, I mean we all experience it in the past, when it's bullrun we are making a lot of money and we could easily sell some tokens and used that profit to buy other tokens, but on bear market it feels like it's a good time to buy but you already dont have the liquidity to do it since your not really earning a lot because the market is dropping.

So there are a lot of investors and traders doing it, but it just wasn't that noticeable at these times because of the bear market.

[crwth]

For meme or low-cap coins, I stopped because I am usually late. Those huge gains you could've had are just gone, and it's not the same anymore.

There have been many government crackdowns because many people have taken advantage of it, and in some cases, regulations have been imposed.
^{(Of course meme coins are different but still, it has lessened)}

We all remember that it went from ICOs to IDOs to IEOs to Launchpads.

What would be next? Would it still be meme coins?

[Frankolala]

Of course, people are still trading altcoins till date because it's not only bitcoin that's cryptocurrency and altcoins are part of the market too. In fact, altcoins give quick profits than bitcoin if you're lucky enough to buy the right coin cheaper and sell when the price pumps without being greedy and want more profit because that's where the problem lies. I don't think that we can see any altcoins that can give 10X profile nowadays.

[Adams0001]

People still trade altcoin because they see the chance to take bigger profit besides of trade Bitcoin. But that is risky, they need to identify which coin that will increase but they don't know for sure. Only analysis that will helps you to get the coin but that doesn't guarantee you to have the right coin.

I could only suggests you to use money you can afford to lose and not too big because the risk of losing money will be there. But I can't suggest you which altcoin, memecoins or tokens that could increase, no one knows for sure. New coins could be good but still that is gamble as you don't know if the coins can increase shortly or disappear.

Many people that are into crypto for so long and addicted to other coin and getting more experience in Altcoin so they will definitely trade in it so that they can get some high profits when he work out for them. Altcoin trading is higher risk than bitcoin and easy to get huge profits when he favours you.

 Anything that will give traders profits they will surly find a way to go through it. so Altcoin is not something that is bad when you trade it is just that is not easy to get what you need sometimes but many people have be successful with altcoin but to make everything safe for you is to focus more in bitcoin.

[Humblevirus]

People will never stop trading altcoins unless they no longer exist. All trades can never be in one direction, and that is why there will always be those who trade altcoins and those who trade Bitcoin.in fact, there are some traders who have never traded Bitcoin before; all they trade are altcoins. So, whether we are in a bear market and altcoins are misbehaving, there are still people who believe in them, and some are still making profits from time to time. However, I will not say that the profits are always significant during a bear market.It is very hard for a trader to make 10x profits currently unless they are among those people who engage in pump-and-dump schemes, scam others, and claim they are traders. They are not genuine traders but scammers because they do not use technical analysis or predict market movements. Instead, they simply pump and dump tokens. That is the reason we have to be careful about the kind of altcoins we choose to trade.